Advisors Capital Mortgage Rates, Fees & Info

FENTON, MI

LEI: 5493004ZUHSMPBM5KL21

Tax ID: 46-1565216

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Advisors Capital is a smaller mortgage company specializing in Home Purchase and Refi loans. Advisors Capital has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Flint, Ann Arbor, Lansing, and Grand Rapids among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Advisors Capital has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Advisors Capital is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    483

    Origination Dollar Volume (All Markets)

    $121,055,000

    Awards

    ADVISORS CAPITAL 30 Year Conventional Loans silver ADVISORS CAPITAL 30 Year Conventional Loans bronze ADVISORS CAPITAL 30 Year Conventional Loans bronze ADVISORS CAPITAL FHA Loans bronze
    Show all (4) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 380 $99,380,000 $261,526 $2,890 3.03%
    FLINT, MI (FHA|USDA|VA) 27 $4,835,000 $179,074 $3,625 3.06%
    ANN ARBOR, MI (FHA|USDA|VA) 15 $3,245,000 $216,333 $3,295 3.05%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 12 $2,760,000 $230,000 $4,638 2.89%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 10 $2,160,000 $216,000 $3,222 2.95%
    MONROE, MI (FHA|USDA|VA) 10 $1,850,000 $185,000 $2,787 3.17%
    Outside of Metro Areas 5 $1,555,000 $311,000 $3,065 3.15%
    JACKSON, MI (FHA|USDA|VA) 4 $990,000 $247,500 $2,503 3.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $690,000 $345,000 $3,756 3.12%
    SAGINAW, MI (FHA|USDA|VA) 2 $590,000 $295,000 $2,998 3.06%
    Traverse City, MI (FHA|USDA|VA) 2 $590,000 $295,000 $2,697 2.56%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $275,000 $275,000 $2,492 3.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,865 2.49%
    Adrian, MI (FHA|USDA|VA) 1 $265,000 $265,000 $7,730 3.25%
    MIDLAND, MI (FHA|USDA|VA) 2 $250,000 $125,000 $5,184 2.63%
    BAY CITY, MI (FHA|USDA|VA) 2 $240,000 $120,000 $2,838 3.12%
    Big Rapids, MI (FHA|USDA|VA) 1 $235,000 $235,000 $3,063 3.25%
    Cadillac, MI (FHA|USDA|VA) 1 $225,000 $225,000 $3,465 3.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,513 2.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,618 2.88%
    Alpena, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,489 3.13%
    TOLEDO, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,720 2.88%
    Alma, MI (FHA|USDA|VA) 1 $85,000 $85,000 $2,445 3.38%
    Advisors Capital's top markets include Detroit, Flint, Ann Arbor, Lansing, and Grand Rapids among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ADVISORS CAPITAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Polish-American Federal Credit Union
    Similarity Rank: 212
    St James Mortgage Corporation
    Similarity Rank: 304
    T&I Credit union
    Similarity Rank: 618
    Extra
    Similarity Rank: 1024
    Zeal Credit Union
    Similarity Rank: 1078
    SECURITY CREDIT UNION
    Similarity Rank: 1230
    ADVANTAGE ONE Credit Union
    Similarity Rank: 1305
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 1394
    ALLIANCE CATHOLIC CREDIT UNION
    Similarity Rank: 1603
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 2772

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 442 $112,880,000 $255,385 $2,714 3.04%
    FHA 36 $7,260,000 $201,667 $6,521 2.93%
    VA 3 $585,000 $195,000 $5,398 3.25%
    USDA 2 $330,000 $165,000 $4,301 2.94%

    For 2021, Advisors Capital's most frequently originated type of loan was Conventional, with 442 originations. Their 2nd most popular type was FHA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 211 $52,925,000 $250,829 $3,675 3.09%
    Refi 182 $45,520,000 $250,110 $2,377 2.92%
    Cash Out Refi 90 $22,610,000 $251,222 $2,789 3.10%

    For 2021, Advisors Capital's most frequently cited loan purpose was Home Purchase, with 211 originations. The 2nd most popular reason was Refi, with 182 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 393 $99,085,000 $252,125 $3,159 3.12%
    15 Year 59 $14,165,000 $240,085 $2,439 2.54%
    20 Year 12 $2,780,000 $231,667 $2,475 2.97%
    Other 12 $3,740,000 $311,667 $2,284 2.77%
    10 Year 7 $1,285,000 $183,571 $2,354 2.50%

    For 2021, Advisors Capital's most frequently cited loan duration was 30 Year, with 393 originations. The 2nd most popular length was 15 Year, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 431 $108,565,000 $251,891
    $1k-2k 35 $7,225,000 $206,429
    $2k-3k 9 $3,155,000 $350,556
    $3k-4k 4 $890,000 $222,500
    $4k-5k 2 $710,000 $355,000
    $5k+ 2 $510,000 $255,000

    Advisors Capital's average total fees were $3,159, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 431 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 222 $56,760,000 $255,676
    3-4% 206 $50,980,000 $247,476
    <2.5% 51 $12,665,000 $248,333
    4-5% 4 $650,000 $162,500

    During 2021, Advisors Capital's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 222 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 246 $69,660,000 $283,171 $3,112 3.04%
    $100k-200k 163 $25,085,000 $153,896 $2,861 3.01%
    $400k-600k 45 $21,375,000 $475,000 $3,209 2.94%
    $100,000 or less 25 $1,875,000 $75,000 $2,591 3.21%
    $600k-1MM 3 $1,905,000 $635,000 $4,240 3.29%
    $1MM+ 1 $1,155,000 $1,155,000 $5,202 3.25%

    2021 saw Advisors Capital place emphasis on $200k-400k loans with 246 originations, totaling $69,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 118 $31,500,000 $266,949 $2,809 3.07%
    $50k-75k 104 $20,230,000 $194,519 $3,286 3.06%
    $75k-100k 92 $21,990,000 $239,022 $2,942 3.01%
    $150k-250k 84 $27,960,000 $332,857 $2,937 2.99%
    $50k or less 59 $8,585,000 $145,508 $3,224 3.04%
    $250k+ 26 $10,790,000 $415,000 $3,006 2.87%

    Advisors Capital lent most frequently to those with incomes in the $100k-150k range, with 118 originations. The second most popular income band? $50k-75k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 124 $31,910,000 $257,339 $2,774 3.01%
    30-36% 112 $29,650,000 $264,732 $2,975 3.07%
    <20% 42 $10,390,000 $247,381 $2,586 2.89%
    43% 25 $6,395,000 $255,800 $2,893 3.08%
    36% 21 $5,705,000 $271,667 $2,600 2.89%
    37% 18 $4,520,000 $251,111 $3,111 3.12%
    44% 18 $3,530,000 $196,111 $3,368 3.04%
    38% 16 $3,680,000 $230,000 $3,371 3.01%
    39% 16 $3,830,000 $239,375 $3,211 3.05%
    41% 15 $3,435,000 $229,000 $3,308 2.99%
    45% 14 $2,990,000 $213,571 $3,150 3.08%
    47% 12 $2,630,000 $219,167 $3,264 2.95%
    48% 11 $2,915,000 $265,000 $4,682 2.99%
    42% 10 $2,770,000 $277,000 $3,428 3.14%
    40% 9 $1,735,000 $192,778 $3,023 3.26%
    49% 8 $1,910,000 $238,750 $3,935 3.12%
    46% 7 $2,125,000 $303,571 $2,974 3.21%
    50-60% 5 $935,000 $187,000 $5,233 2.97%

    Advisors Capital lent most frequently to those with DTI ratios of 20-30%, with 124 originations. The next most common DTI ratio? 30-36%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 455 $113,675,000 $249,835 $2,989 3.03%
    Black 20 $4,440,000 $222,000 $3,721 3.11%
    Asian 4 $2,130,000 $532,500 $3,279 2.81%
    Asian Indian 4 $810,000 $202,500 $2,898 3.00%

    Approval Rates

    Total approvals of all applications
    97.96%

    Advisors Capital has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.48%

    Advisors Capital has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 483 $121,055,000 $250,631

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    483 $121,055,000 $250,631

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $3,635,000 $158,043 $2,375 2.80%
    40-60% 85 $19,645,000 $231,118 $2,495 2.81%
    60-80% 199 $53,495,000 $268,819 $2,673 3.08%
    80-100% 175 $44,245,000 $252,829 $3,761 3.10%
    Under 20% 1 $35,000 $35,000 $2,095 3.25%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ADVISORS MORTGAGE GROUP, LLC Conventional home mortgage Trouble during payment process 1 50.0%
    ADVISORS MORTGAGE GROUP, LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%