Winnpointe Corporation Mortgage Rates, Fees & Info

ORANGE, CA

LEI: 5493005FJKWE0GR4YS94

Tax ID: 56-2674896

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

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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

    Winnpointe Corporation is a mid-sized mortgage company specializing in Refi 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, Riverside, and Phoenix among others. We have data for 66 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. (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.

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    Originations

    11,807

    Origination Dollar Volume (All Markets)

    $4,860,385,000
    Show all (34) 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4,585 $1,979,345,000 $431,700 $560 2.70%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1,053 $534,225,000 $507,336 $327 2.62%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1,225 $518,165,000 $422,992 $443 2.70%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1,228 $432,690,000 $352,353 $599 2.91%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 937 $297,195,000 $317,177 $549 3.07%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 517 $260,405,000 $503,685 $275 2.56%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 482 $205,670,000 $426,701 $499 2.70%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 429 $156,535,000 $364,883 $553 2.82%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 255 $90,845,000 $356,255 $544 2.98%
    STOCKTON, CA (FHA|USDA|VA) 156 $56,790,000 $364,038 $483 2.93%
    FRESNO, CA (FHA|USDA|VA) 89 $30,315,000 $340,618 $750 3.06%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 64 $25,850,000 $403,906 $350 2.88%
    VALLEJO, CA (FHA|USDA|VA) 61 $22,265,000 $365,000 $487 2.87%
    MODESTO, CA (FHA|USDA|VA) 67 $21,765,000 $324,851 $666 3.06%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 46 $19,450,000 $422,826 $230 2.82%
    SALINAS, CA (FHA|USDA|VA) 50 $18,980,000 $379,600 $914 2.93%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 46 $18,450,000 $401,087 $741 2.76%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 51 $16,385,000 $321,275 $617 3.12%
    TUCSON, AZ (FHA|USDA|VA) 50 $15,110,000 $302,200 $504 3.14%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 31 $12,825,000 $413,710 $887 2.86%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 33 $10,435,000 $316,212 $474 2.99%
    FORT COLLINS, CO (FHA|USDA|VA) 26 $8,980,000 $345,385 $577 2.91%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 27 $8,635,000 $319,815 $390 3.11%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 25 $8,305,000 $332,200 $97 3.44%
    BOULDER, CO (FHA|USDA|VA) 20 $8,030,000 $401,500 $473 2.86%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 21 $7,515,000 $357,857 $606 2.98%
    VISALIA, CA (FHA|USDA|VA) 23 $6,885,000 $299,348 $349 3.14%
    BAKERSFIELD, CA (FHA|USDA|VA) 19 $6,045,000 $318,158 $318 3.32%
    GREELEY, CO (FHA|USDA|VA) 17 $5,945,000 $349,706 $522 3.04%
    Outside of Metro Areas 17 $5,845,000 $343,824 $418 2.90%
    NAPA, CA (FHA|USDA|VA) 14 $5,580,000 $398,571 $1,297 2.98%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 18 $5,300,000 $294,444 $680 3.10%
    CHICO, CA (FHA|USDA|VA) 14 $5,150,000 $367,857 $393 2.91%
    MERCED, CA (FHA|USDA|VA) 14 $4,180,000 $298,571 $1,095 3.26%
    FLAGSTAFF, AZ (FHA|USDA|VA) 12 $3,850,000 $320,833 $756 3.39%
    GRAND JUNCTION, CO (FHA|USDA|VA) 7 $2,305,000 $329,286 $1,117 3.16%
    Payson, AZ (FHA|USDA|VA) 7 $1,945,000 $277,857 $1,162 3.11%
    Ukiah, CA (FHA|USDA|VA) 4 $1,600,000 $400,000 $0 2.97%
    MADERA, CA (FHA|USDA|VA) 5 $1,585,000 $317,000 $1,630 3.15%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $1,500,000 $375,000 $68 3.22%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 5 $1,385,000 $277,000 $1,247 3.03%
    EL CENTRO, CA (FHA|USDA|VA) 4 $1,320,000 $330,000 $0 3.25%
    YUBA CITY, CA (FHA|USDA|VA) 4 $1,240,000 $310,000 $833 2.72%
    Sonora, CA (FHA|USDA|VA) 4 $1,090,000 $272,500 $598 3.13%
    PUEBLO, CO (FHA|USDA|VA) 3 $1,085,000 $361,667 $834 2.71%
    Glenwood Springs, CO (FHA|USDA|VA) 3 $1,045,000 $348,333 $2,196 3.21%
    REDDING, CA (FHA|USDA|VA) 3 $1,035,000 $345,000 $3,268 2.83%
    Clearlake, CA (FHA|USDA|VA) 3 $965,000 $321,667 $864 3.21%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $875,000 $291,667 $319 3.50%
    YUMA, AZ (FHA|USDA|VA) 3 $765,000 $255,000 $839 3.33%
    Durango, CO (FHA|USDA|VA) 2 $730,000 $365,000 $0 3.13%
    Show Low, AZ (FHA|USDA|VA) 4 $690,000 $172,500 $800 3.12%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $680,000 $340,000 $85 3.44%
    Montrose, CO (FHA|USDA|VA) 2 $580,000 $290,000 $0 3.56%
    Susanville, CA (FHA|USDA|VA) 2 $570,000 $285,000 $0 3.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $485,000 $485,000 $0 3.50%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $455,000 $455,000 $0 3.50%
    Crescent City, CA (FHA|USDA|VA) 1 $445,000 $445,000 $0 3.25%
    Cañon City, CO (FHA|USDA|VA) 1 $385,000 $385,000 $0 2.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.63%
    Red Bluff, CA (FHA|USDA|VA) 1 $315,000 $315,000 $0 2.99%
    HINESVILLE, GA (FHA|USDA|VA) 1 $285,000 $285,000 $1,435 3.50%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $275,000 $275,000 $0 2.88%
    Cedartown, GA (FHA|USDA|VA) 1 $175,000 $175,000 $1,725 3.88%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $165,000 $165,000 $1,222 3.63%
    Sevierville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $742 3.38%
    Winnpointe Corporation's top markets include Los Angeles, San Francisco, San Diego, Riverside, and Phoenix among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

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

    HERITAGE COMMUNITY CREDIT UNION
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    MANHATTAN FINANCIAL GROUP, INC.
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    The District Federal Credit Union
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    MYPOINT Credit Union
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    COASTHILLS
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    ALTURA
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    Christian Community Credit Union
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    DENVER COMMUNITY
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    United Fidelity Bank, fsb
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11,762 $4,846,810,000 $412,074 $503 2.77%
    FHA 39 $11,625,000 $298,077 $4,631 3.58%
    VA 6 $1,950,000 $325,000 $741 2.97%

    For 2020, Winnpointe Corporation's most frequently originated type of loan was Conventional, with 11,762 originations. Their 2nd most popular type was FHA, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 9,302 $3,914,080,000 $420,778 $96 2.75%
    Home Improvement 2,496 $942,570,000 $377,632 $2,075 2.86%
    Home Purchase 6 $2,670,000 $445,000 $4,384 3.19%
    Cash Out Refi 3 $1,065,000 $355,000 $465 3.16%

    For 2020, Winnpointe Corporation's most frequently cited loan purpose was Refi, with 9,302 originations. The 2nd most popular reason was Home Improvement, with 2,496 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,391 $3,551,975,000 $423,308 $567 2.88%
    15 Year 2,835 $1,081,465,000 $381,469 $406 2.44%
    20 Year 318 $124,420,000 $391,258 $311 2.85%
    Other 258 $101,460,000 $393,256 $372 2.89%
    10 Year 5 $1,065,000 $213,000 $299 2.92%

    For 2020, Winnpointe Corporation's most frequently cited loan duration was 30 Year, with 8,391 originations. The 2nd most popular length was 15 Year, with 2,835 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 11,761 $4,843,005,000 $411,785
    $1k-2k 35 $12,445,000 $355,571
    $2k-3k 5 $1,925,000 $385,000
    $4k-5k 4 $1,930,000 $482,500
    $5k+ 2 $1,080,000 $540,000

    Winnpointe Corporation's average total fees were $567, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 11,761 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 4,603 $2,040,985,000 $443,403
    2.5-3% 4,429 $1,854,795,000 $418,784
    3-4% 2,668 $930,510,000 $348,767
    4-5% 105 $33,115,000 $315,381
    5-6% 1 $515,000 $515,000

    During 2020, Winnpointe Corporation's average interest rate for loans was 2.88%, while their most frequently originated rate bucket for loans was <2.5%, with 4,603 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 6,235 $2,037,495,000 $326,783 $473 2.84%
    $400k-600k 4,404 $2,104,920,000 $477,956 $537 2.71%
    $600k-1MM 1,013 $691,495,000 $682,621 $626 2.56%
    $100k-200k 155 $26,475,000 $170,806 $1,009 3.41%

    2020 saw Winnpointe Corporation place emphasis on $200k-400k loans with 6,235 originations, totaling $2,037,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 4,183 $1,696,965,000 $405,681 $517 2.78%
    $150k-250k 3,416 $1,591,500,000 $465,896 $445 2.63%
    $75k-100k 2,046 $738,240,000 $360,821 $580 2.91%
    $50k-75k 1,167 $370,635,000 $317,596 $656 3.03%
    $250k+ 807 $416,845,000 $516,537 $404 2.52%
    $50k or less 188 $46,200,000 $245,745 $743 3.30%

    Winnpointe Corporation lent most frequently to those with incomes in the $100k-150k range, with 4,183 originations. The second most popular income band? $150k-250k, with 3,416 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,178 $1,316,770,000 $414,339 $420 2.72%
    30-36% 2,483 $1,036,515,000 $417,445 $528 2.76%
    <20% 911 $365,025,000 $400,686 $393 2.67%
    44% 464 $189,720,000 $408,879 $724 2.87%
    38% 418 $171,720,000 $410,813 $486 2.81%
    40% 414 $167,630,000 $404,903 $504 2.83%
    36% 399 $165,275,000 $414,223 $569 2.80%
    43% 393 $157,525,000 $400,827 $697 2.88%
    39% 382 $161,590,000 $423,010 $596 2.81%
    37% 379 $159,065,000 $419,697 $447 2.81%
    42% 378 $153,050,000 $404,894 $658 2.84%
    41% 373 $153,545,000 $411,649 $644 2.83%
    45% 330 $132,820,000 $402,485 $684 2.84%
    46% 316 $129,660,000 $410,316 $499 2.80%
    49% 308 $121,410,000 $394,188 $461 2.84%
    48% 287 $122,205,000 $425,801 $642 2.88%
    47% 279 $112,225,000 $402,240 $470 2.82%
    50-60% 102 $40,090,000 $393,039 $952 2.94%
    >60% 8 $2,900,000 $362,500 $2,047 3.43%

    Winnpointe Corporation lent most frequently to those with DTI ratios of 20-30%, with 3,178 originations. The next most common DTI ratio? 30-36%, with 2,483 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,860 $1,899,170,000 $390,776 $577 2.88%
    Not provided 4,252 $1,742,640,000 $409,840 $552 2.73%
    Asian 2,387 $1,103,095,000 $462,126 $341 2.62%
    Black 165 $58,305,000 $353,364 $555 3.02%
    Native Hawaiian or Islander 38 $14,950,000 $393,421 $701 2.99%
    Asian Indian 24 $13,190,000 $549,583 $71 2.52%
    American Indian 33 $12,835,000 $388,939 $234 2.91%
    Not applicable 29 $8,575,000 $295,690 $150 3.38%
    Other Asian 6 $2,420,000 $403,333 $769 2.77%
    Filipino 4 $1,660,000 $415,000 $138 2.84%
    Chinese 2 $1,150,000 $575,000 $0 2.63%
    2 $850,000 $425,000 $0 2.81%
    Vietnamese 2 $670,000 $335,000 $0 2.69%
    Korean 2 $500,000 $250,000 $0 2.68%
    Other Pacific Islander 1 $375,000 $375,000 $20 2.25%

    Approval Rates

    Total approvals of all applications
    93.60%

    Winnpointe Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    52.33%

    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
    0.0 1 $425,000 $425,000
    NA 11,806 $4,859,960,000 $411,652

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 11,807 $4,860,385,000 $411,653

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,174 $424,900,000 $361,925 $388 2.61%
    40-60% 6,329 $2,619,825,000 $413,940 $404 2.67%
    60-80% 3,723 $1,593,985,000 $428,145 $703 2.94%
    80-100% 536 $205,360,000 $383,134 $843 3.26%
    Over 100% 1 $435,000 $435,000 $2,174 2.99%
    Under 20% 44 $15,880,000 $360,909 $362 2.63%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    WINNPOINTE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 9 75.0%
    WINNPOINTE CORPORATION Conventional home mortgage Closing on a mortgage 2 16.7%
    WINNPOINTE CORPORATION Conventional home mortgage Trouble during payment process 1 8.3%