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, Austin, Dayton, Chicago, and Canton among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)Merchants Capital Corp. 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.
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Originations
96Origination Dollar Volume (All Markets)
$1,922,110,000Top 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) | 12 | $759,070,000 | $63,255,833 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $69,160,000 | $34,580,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 5 | $67,925,000 | $13,585,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $64,810,000 | $16,202,500 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 4 | $62,310,000 | $15,577,500 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $60,755,000 | $12,151,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $60,735,000 | $60,735,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $59,445,000 | $19,815,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $58,825,000 | $58,825,000 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 4 | $57,360,000 | $14,340,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $57,335,000 | $19,111,667 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $48,165,000 | $9,633,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $37,725,000 | $37,725,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $29,795,000 | $29,795,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $28,525,000 | $28,525,000 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $26,060,000 | $13,030,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $25,125,000 | $25,125,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $24,305,000 | $24,305,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $22,250,000 | $11,125,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $21,255,000 | $21,255,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $21,050,000 | $10,525,000 | $0 | 0.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $20,355,000 | $20,355,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $19,335,000 | $19,335,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $17,260,000 | $8,630,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $16,160,000 | $8,080,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $15,800,000 | $7,900,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $14,635,000 | $14,635,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $14,465,000 | $14,465,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $14,455,000 | $14,455,000 | $0 | 0.00% |
| Marion, OH (FHA|USDA|VA) | 1 | $13,425,000 | $13,425,000 | $0 | 0.00% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $11,955,000 | $11,955,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $11,640,000 | $5,820,000 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $10,705,000 | $10,705,000 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $8,965,000 | $8,965,000 | $0 | 0.00% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $7,535,000 | $7,535,000 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $7,205,000 | $7,205,000 | $0 | 0.00% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $5,745,000 | $5,745,000 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $5,735,000 | $5,735,000 | $0 | 0.00% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $5,455,000 | $5,455,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $5,280,000 | $2,640,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $4,285,000 | $4,285,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $3,875,000 | $3,875,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $3,695,000 | $3,695,000 | $0 | 0.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $3,405,000 | $3,405,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $3,305,000 | $3,305,000 | $0 | 0.00% |
| Logansport, IN (FHA|USDA|VA) | 1 | $3,115,000 | $3,115,000 | $0 | 0.00% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $3,065,000 | $3,065,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $2,455,000 | $2,455,000 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $2,325,000 | $2,325,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $2,315,000 | $2,315,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $2,175,000 | $2,175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $1,525,315,000 | $21,483,310 | $0 | 0.00% |
| FHA | 23 | $393,415,000 | $17,105,000 | $0 | 0.00% |
| USDA | 2 | $3,380,000 | $1,690,000 | $0 | 0.00% |
For 2024, Merchants Capital Corp.'s most frequently originated type of loan was Conventional, with 71 originations. Their 2nd most popular type was FHA, with 23 originations.
Loan Reason
For 2024, Merchants Capital Corp.'s most frequently cited loan purpose was Refi, with 60 originations. The 2nd most popular reason was Home Purchase, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 96 | $1,922,110,000 | $20,021,979 | $0 | 0.00% |
For 2024, Merchants Capital Corp.'s most frequently cited loan duration was Other, with 96 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 93 | $1,919,865,000 | $20,643,710 | $0 | 0.00% |
| $600k-1MM | 2 | $1,680,000 | $840,000 | $0 | 0.00% |
| $400k-600k | 1 | $565,000 | $565,000 | $0 | 0.00% |
2024 saw Merchants Capital Corp. place emphasis on $1MM+ loans with 93 originations, totaling $1,919,865,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 96 | $1,922,110,000 | $20,021,979 | $0 | 0.00% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 96 | $1,922,110,000 | $20,021,979 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.43%
Merchants Capital Corp. has an average approval rate.
Pick Rate
Approvals leading to origination92.71%
Merchants Capital Corp. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 96 | $1,922,110,000 | $20,021,979 |