Winnpointe Corporation Mortgage Rates, Fees & Info

ORANGE, CA

LEI: 5493005FJKWE0GR4YS94

Tax ID: 56-2674896

5 stars - out of 5 stars, based on 90 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Winnpointe Corporation is a mid-sized mortgage company specializing in loans. Winnpointe Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, San Jose, and Riverside among others. We have data for 71 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Winnpointe Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Winnpointe Corporation is typically a low fee lender. 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 in 2021-- chances are they are still one in 2022.

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

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.45% 8/6/22
    30 Year Conventional Refi 5.06% 8/6/22
    30 Year Cash-out Refi 5.24% 8/6/22
    30 Year FHA Purchase 6.10% 8/6/22
    30 Year FHA Refi 6.13% 8/6/22
    30 Year USDA Refi 5.30% 8/6/22
    15 Year Conventional Purchase 3.99% 8/6/22
    15 Year Conventional Refi 3.92% 8/6/22
    15 Year Cash-out Refi 3.92% 8/6/22
    15 Year USDA Refi 4.26% 8/6/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    8,087

    Origination Dollar Volume (All Markets)

    $3,450,655,000
    Show all (28) awards

    Relative Rate

    Winnpointe Corporation's average 30 year fixed rate mortgage of loans were 2.64%.

    The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

    This yields a difference of -0.51%.

    Relative Fees

    Winnpointe Corporation's average total fees for a 30 year fixed rate mortgage are $918.

    The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) » 2,771 $1,192,095,000 $430,204 $740 2.33%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) » 1,167 $607,885,000 $520,895 $377 2.27%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) » 805 $346,715,000 $430,702 $674 2.28%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) » 622 $323,990,000 $520,884 $366 2.26%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) » 630 $223,760,000 $355,175 $950 2.45%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) » 541 $176,895,000 $326,978 $934 2.38%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) » 327 $120,235,000 $367,691 $641 2.31%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) » 287 $119,255,000 $415,523 $594 2.26%
    STOCKTON, CA (FHA|USDA|VA) » 153 $64,545,000 $421,863 $636 2.33%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) » 103 $38,935,000 $378,010 $706 2.40%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) » 102 $34,030,000 $333,627 $1,284 2.54%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) » 44 $18,760,000 $426,364 $593 2.39%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) » 52 $18,230,000 $350,577 $543 2.09%
    FRESNO, CA (FHA|USDA|VA) » 50 $16,370,000 $327,400 $631 2.42%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) » 28 $10,410,000 $371,786 $758 2.36%
    TUCSON, AZ (FHA|USDA|VA) » 33 $10,175,000 $308,333 $768 2.52%
    MODESTO, CA (FHA|USDA|VA) » 31 $10,065,000 $324,677 $1,156 2.38%
    VALLEJO, CA (FHA|USDA|VA) » 27 $9,815,000 $363,519 $934 2.53%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) » 24 $9,520,000 $396,667 $426 2.42%
    SALINAS, CA (FHA|USDA|VA) » 22 $8,560,000 $389,091 $1,187 2.48%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) » 18 $7,290,000 $405,000 $614 2.29%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) » 22 $6,810,000 $309,545 $1,759 2.63%
    RENO, NV (FHA|USDA|VA) » 18 $6,700,000 $372,222 $872 2.28%
    BAKERSFIELD, CA (FHA|USDA|VA) » 18 $5,090,000 $282,778 $486 2.45%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) » 14 $4,660,000 $332,857 $861 2.46%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) » 14 $4,450,000 $317,857 $175 2.10%
    FORT COLLINS, CO (FHA|USDA|VA) » 11 $3,685,000 $335,000 $856 2.47%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) » 10 $3,550,000 $355,000 $630 2.44%
    VISALIA, CA (FHA|USDA|VA) » 13 $3,475,000 $267,308 $1,032 2.65%
    BOULDER, CO (FHA|USDA|VA) » 8 $3,230,000 $403,750 $532 2.48%
    Sonora, CA (FHA|USDA|VA) » 7 $2,995,000 $427,857 $593 2.28%
    Outside of Metro Areas 8 $2,850,000 $356,250 $298 2.31%
    GREELEY, CO (FHA|USDA|VA) » 8 $2,730,000 $341,250 $800 2.53%
    NAPA, CA (FHA|USDA|VA) » 6 $2,590,000 $431,667 $831 2.17%
    COLORADO SPRINGS, CO (FHA|USDA|VA) » 6 $2,410,000 $401,667 $278 2.56%
    Truckee-Grass Valley, CA (FHA|USDA|VA) » 7 $2,375,000 $339,286 $552 2.21%
    FLAGSTAFF, AZ (FHA|USDA|VA) » 7 $2,355,000 $336,429 $82 2.34%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) » 6 $2,280,000 $380,000 $653 2.56%
    MERCED, CA (FHA|USDA|VA) » 5 $1,815,000 $363,000 $1,235 2.35%
    Eureka-Arcata, CA (FHA|USDA|VA) » 6 $1,650,000 $275,000 $247 2.29%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) » 6 $1,440,000 $240,000 $137 2.62%
    EL CENTRO, CA (FHA|USDA|VA) » 4 $1,260,000 $315,000 $763 2.63%
    Clearlake, CA (FHA|USDA|VA) » 3 $1,185,000 $395,000 $0 2.12%
    Gardnerville Ranchos, NV (FHA|USDA|VA) » 3 $1,035,000 $345,000 $1,894 2.75%
    Payson, AZ (FHA|USDA|VA) » 3 $955,000 $318,333 $333 2.58%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) » 2 $900,000 $450,000 $1,371 2.25%
    MADERA, CA (FHA|USDA|VA) » 3 $785,000 $261,667 $1,388 2.50%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) » 3 $765,000 $255,000 $2,684 2.91%
    CHICO, CA (FHA|USDA|VA) » 2 $730,000 $365,000 $2,856 2.37%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) » 2 $710,000 $355,000 $2,318 3.00%
    REDDING, CA (FHA|USDA|VA) » 2 $670,000 $335,000 $998 2.87%
    YUBA CITY, CA (FHA|USDA|VA) » 2 $600,000 $300,000 $6,235 3.00%
    Show Low, AZ (FHA|USDA|VA) » 2 $590,000 $295,000 $685 2.31%
    Lewisburg, TN (FHA|USDA|VA) » 1 $545,000 $545,000 $2,760 1.75%
    Fort Morgan, CO (FHA|USDA|VA) » 1 $545,000 $545,000 $0 2.88%
    JOHNSON CITY, TN (FHA|USDA|VA) » 1 $445,000 $445,000 $0 2.63%
    Durango, CO (FHA|USDA|VA) » 1 $385,000 $385,000 $0 2.63%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) » 1 $345,000 $345,000 $0 2.13%
    Nogales, AZ (FHA|USDA|VA) » 1 $325,000 $325,000 $0 1.88%
    TYLER, TX (FHA|USDA|VA) » 1 $325,000 $325,000 $3,305 2.88%
    MIDLAND, TX (FHA|USDA|VA) » 1 $315,000 $315,000 $0 2.13%
    Pahrump, NV (FHA|USDA|VA) » 1 $315,000 $315,000 $3,277 2.75%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) » 1 $315,000 $315,000 $0 2.75%
    AMARILLO, TX (FHA|USDA|VA) » 1 $305,000 $305,000 $0 3.00%
    Montrose, CO (FHA|USDA|VA) » 1 $305,000 $305,000 $2,195 2.38%
    EL PASO, TX (FHA|USDA|VA) » 1 $295,000 $295,000 $1,473 1.99%
    PUEBLO, CO (FHA|USDA|VA) » 2 $280,000 $140,000 $305 3.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) » 1 $225,000 $225,000 $0 1.99%
    CaƱon City, CO (FHA|USDA|VA) » 1 $215,000 $215,000 $0 2.99%
    CLEVELAND, TN (FHA|USDA|VA) » 1 $155,000 $155,000 $0 3.75%
    YUMA, AZ (FHA|USDA|VA) » 1 $155,000 $155,000 $25 2.88%

    Winnpointe Corporation's top markets include Los Angeles, San Francisco, San Diego, San Jose, and Riverside among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional » 8,079 $3,448,335,000 $426,827 $674 2.33%
    FHA » 8 $2,320,000 $290,000 $6,394 3.05%

    For the 2021 period, Winnpointe Corporation's most frequently originated loan type of loans were Conventional, with 8,079 originations. Their 2nd most popular type is FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Refi » 8,070 $3,443,050,000 $426,648 $673 2.33%
    Home Purchase » 16 $7,220,000 $451,250 $3,980 2.88%
    Cash Out Refi » 1 $385,000 $385,000 $1,733 2.75%

    For the 2021, Winnpointe Corporation's most frequently cited loan purpose of loans were Refi, with 8,070 originations. The 2nd most popular reason of loans were Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year » 4,164 $1,916,850,000 $460,339 $918 2.64%
    15 Year » 3,721 $1,448,655,000 $389,319 $408 1.97%
    20 Year » 101 $40,155,000 $397,574 $783 2.59%
    Other » 97 $43,675,000 $450,258 $811 2.58%
    10 Year » 4 $1,320,000 $330,000 $243 1.96%

    For the 2021, Winnpointe Corporation's most frequently cited loan length of loans were 30 Year, with 4,164 originations. The 2nd most popular length of loans were 15 Year, with 3,721 originations.

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $<1k » 6,958 $3,001,210,000 $431,332
    $1k-2k » 472 $152,880,000 $323,898
    $2k-3k » 374 $164,600,000 $440,107
    $3k-4k » 141 $61,635,000 $437,128
    $5k+ » 94 $49,940,000 $531,277
    $4k-5k » 41 $17,435,000 $425,244

    $918 of loans were Winnpointe Corporation's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 6,958 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% » 5,683 $2,439,815,000 $429,318
    2.5-3% » 2,127 $917,955,000 $431,573
    3-4% » 277 $92,885,000 $335,325

    During 2021, Winnpointe Corporation's average interest rate of loans were 2.64%, while their most frequently originated rate bucket of loans were <2.5%, with 5,683 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k » 3,825 $1,241,775,000 $324,647 $628 2.31%
    $400k-600k » 3,215 $1,550,885,000 $482,390 $757 2.31%
    $600k-1MM » 901 $635,545,000 $705,377 $669 2.45%
    $100k-200k » 146 $22,450,000 $153,767 $400 2.54%

    2021 saw Winnpointe Corporation place emphasis on $200k-400k loans with 3,825 originations, totaling $1,241,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k » 2,881 $1,366,635,000 $474,361 $548 2.24%
    $100k-150k » 2,608 $1,066,080,000 $408,773 $718 2.32%
    $75k-100k » 1,100 $394,550,000 $358,682 $933 2.49%
    $250k+ » 788 $413,600,000 $524,873 $443 2.18%
    $50k-75k » 595 $183,655,000 $308,664 $947 2.62%
    $50k or less » 114 $25,750,000 $225,877 $940 2.80%

    Winnpointe Corporation lent most frequently to those with incomes in the $150k-250k range, with 2,881 originations. The second most popular income band? $100k-150k, with 2,608 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% » 2,414 $1,036,890,000 $429,532 $480 2.29%
    30-36% » 1,648 $715,420,000 $434,114 $665 2.32%
    <20% » 705 $282,925,000 $401,312 $379 2.28%
    44% » 314 $134,150,000 $427,229 $1,381 2.44%
    37% » 291 $129,225,000 $444,072 $869 2.35%
    36% » 271 $114,485,000 $422,454 $730 2.31%
    39% » 260 $108,960,000 $419,077 $1,021 2.36%
    40% » 249 $106,455,000 $427,530 $802 2.35%
    43% » 249 $104,825,000 $420,984 $1,017 2.39%
    42% » 238 $100,300,000 $421,429 $1,050 2.41%
    38% » 235 $99,065,000 $421,553 $774 2.34%
    41% » 228 $96,280,000 $422,281 $836 2.39%
    49% » 225 $94,405,000 $419,578 $835 2.40%
    45% » 208 $89,490,000 $430,240 $735 2.39%
    46% » 187 $79,745,000 $426,444 $754 2.36%
    47% » 180 $77,290,000 $429,389 $667 2.37%
    48% » 178 $77,840,000 $437,303 $719 2.32%
    50-60% » 5 $2,185,000 $437,000 $1,325 2.78%
    >60% » 1 $285,000 $285,000 $4,844 3.00%

    Winnpointe Corporation lent most frequently to those with DTI ratios of 20-30%, with 2,414 originations. The next most common DTI ratio? 30-36%, with 1,648 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided » 3,388 $1,414,010,000 $417,358 $724 2.33%
    White » 2,413 $957,665,000 $396,877 $830 2.40%
    Asian » 1,987 $943,415,000 $474,794 $436 2.24%
    Asian Indian » 148 $75,460,000 $509,865 $270 2.21%
    Black » 79 $30,265,000 $383,101 $875 2.46%
    Native Hawaiian or Islander » 25 $11,275,000 $451,000 $1,538 2.48%
    American Indian » 20 $7,540,000 $377,000 $652 2.40%
    Other Asian » 6 $3,130,000 $521,667 $1,188 2.25%
    Filipino » 8 $2,710,000 $338,750 $604 2.39%
    Chinese » 5 $1,975,000 $395,000 $418 2.22%
    Vietnamese » 4 $1,770,000 $442,500 $68 1.96%
    Korean » 1 $555,000 $555,000 $20 2.50%
    Guamanian » 1 $375,000 $375,000 $0 1.99%
    Samoan » 1 $305,000 $305,000 $150 2.63%
    Other Pacific Islander » 1 $205,000 $205,000 $0 2.75%

    Approval Rates

    Total approvals of all applications
    96.31%

    Winnpointe Corporation 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
    67.69%

    Winnpointe Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,087 $3,450,655,000 $426,692

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    » 8,087 $3,450,655,000 $426,692

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% » 1,494 $532,530,000 $356,446 $405 2.18%
    40-60% » 4,881 $2,132,395,000 $436,877 $517 2.27%
    60-80% » 1,539 $723,655,000 $470,211 $1,387 2.65%
    80-100% » 82 $36,140,000 $440,732 $2,302 2.90%
    Under 20% » 91 $25,935,000 $285,000 $481 2.22%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    WINNPOINTE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 35.7%
    WINNPOINTE CORPORATION Conventional home mortgage Closing on a mortgage 9 64.3%