Merchants Capital Corp. Mortgage Rates, Fees & Info
Carmel, INLEI: 5493007TLZJ73TKCO730
Tax ID: 35-1805251
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Mortgage Data
Review & Overview
Merchants Capital Corp. is a small mortgage company specializing in Refi and Home Purchase loans. Merchants Capital Corp. 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: New York, Houston, Chicago, Indianapolis, and Dallas among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)Merchants Capital Corp. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
89Origination Dollar Volume (All Markets)
$2,193,405,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 11 | $1,257,175,000 | $114,288,636 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $110,900,000 | $27,725,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 12 | $83,580,000 | $6,965,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $72,910,000 | $12,151,667 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $63,040,000 | $31,520,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $56,875,000 | $56,875,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $45,680,000 | $22,840,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $41,660,000 | $20,830,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $41,515,000 | $13,838,333 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $35,175,000 | $35,175,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 4 | $34,940,000 | $8,735,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $33,305,000 | $33,305,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $30,425,000 | $10,141,667 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $28,000,000 | $14,000,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $25,165,000 | $8,388,333 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $19,905,000 | $19,905,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $19,300,000 | $9,650,000 | $0 | 0.00% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $18,525,000 | $18,525,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $14,505,000 | $14,505,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $13,605,000 | $13,605,000 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $13,600,000 | $6,800,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $13,295,000 | $13,295,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $12,855,000 | $12,855,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $12,175,000 | $12,175,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $10,705,000 | $10,705,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $9,715,000 | $9,715,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $7,675,000 | $7,675,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $7,620,000 | $3,810,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $7,425,000 | $7,425,000 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $7,335,000 | $7,335,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $7,255,000 | $7,255,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $6,115,000 | $6,115,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $3,315,000 | $3,315,000 | $0 | 0.00% |
| MERCED, CA (FHA|USDA|VA) | 1 | $3,205,000 | $3,205,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $3,105,000 | $3,105,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $3,045,000 | $3,045,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $2,925,000 | $2,925,000 | $0 | 0.00% |
| Sanford, NC (FHA|USDA|VA) | 1 | $2,355,000 | $2,355,000 | $0 | 0.00% |
| LIMA, OH (FHA|USDA|VA) | 1 | $2,305,000 | $2,305,000 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $2,185,000 | $2,185,000 | $0 | 0.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $1,745,000 | $1,745,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $1,705,000 | $1,705,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,555,000 | $1,555,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $1,825,625,000 | $33,193,182 | $0 | 0.00% |
| FHA | 30 | $356,360,000 | $11,878,667 | $0 | 0.00% |
| USDA | 4 | $11,420,000 | $2,855,000 | $0 | 0.00% |
For 2023, Merchants Capital Corp.'s most frequently originated type of loan was Conventional, with 55 originations. Their 2nd most popular type was FHA, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 72 | $1,635,530,000 | $22,715,694 | $0 | 0.00% |
| Home Purchase | 17 | $557,875,000 | $32,816,176 | $0 | 0.00% |
For 2023, Merchants Capital Corp.'s most frequently cited loan purpose was Refi, with 72 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 89 | $2,193,405,000 | $24,645,000 | $0 | 0.00% |
For 2023, Merchants Capital Corp.'s most frequently cited loan duration was Other, with 89 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 88 | $2,192,760,000 | $24,917,727 | $0 | 0.00% |
| $600k-1MM | 1 | $645,000 | $645,000 | $0 | 0.00% |
2023 saw Merchants Capital Corp. place emphasis on $1MM+ loans with 88 originations, totaling $2,192,760,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 89 | $2,193,405,000 | $24,645,000 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 89 | $2,193,405,000 | $24,645,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications89.84%
Merchants Capital Corp. has an average approval rate.
Pick Rate
Approvals leading to origination79.78%
Merchants Capital Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 89 | $2,193,405,000 | $24,645,000 |