Capstone Direct Mortgage Rates, Fees & Info

THOUSAND OAKS, CA

LEI: 5493008WOGGD8641UC13

Tax ID: 20-8207683

5 stars - out of 5 stars, based on 24 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Capstone Direct is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Capstone Direct 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 include Oxnard, Los Angeles, San Diego, Riverside, and San Francisco among others. Capstone Direct has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Capstone Direct is typically an average fee lendor.


Originations

595

Origination Dollar Volume (All Markets)

$283,365,000
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Relative Rate

Capstone Direct 's average 30 year fixed rate mortgage of loans were 2.93%.

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

This yields a difference of -0.22%.

Relative Fees

Capstone Direct 's average total fees for a 30 year fixed rate mortgage are $4,956.

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

Market Originations Total Value Average Loan Average Fees Average Rate
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 353 $171,485,000 $485,793 $4,935 2.90%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 117 $57,445,000 $490,983 $4,664 2.87%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 42 $20,520,000 $488,571 $5,613 2.82%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 20 $7,710,000 $385,500 $3,715 3.15%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $4,730,000 $591,250 $5,149 2.86%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 10 $4,730,000 $473,000 $4,256 2.83%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $2,105,000 $701,667 $4,175 2.71%
BOISE CITY, ID (FHA|USDA|VA) 6 $1,590,000 $265,000 $3,453 3.04%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $1,100,000 $550,000 $4,210 2.75%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,020,000 $255,000 $3,007 3.03%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,020,000 $510,000 $2,916 2.74%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $960,000 $240,000 $7,358 3.41%
FRESNO, CA (FHA|USDA|VA) 3 $925,000 $308,333 $4,028 2.96%
Outside of Metro Areas 2 $750,000 $375,000 $3,972 2.81%
SALINAS, CA (FHA|USDA|VA) 1 $685,000 $685,000 $16,526 2.75%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,724 3.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $3,475 2.99%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $515,000 $515,000 $3,855 2.75%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $500,000 $250,000 $3,818 3.56%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $485,000 $485,000 $5,156 2.75%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $465,000 $465,000 $3,726 3.00%
VALLEJO, CA (FHA|USDA|VA) 1 $445,000 $445,000 $4,903 2.63%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $445,000 $445,000 $3,539 2.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $355,000 $355,000 $3,397 2.63%
BEND, OR (FHA|USDA|VA) 1 $355,000 $355,000 $3,925 3.13%
EL CENTRO, CA (FHA|USDA|VA) 1 $335,000 $335,000 $2,769 2.50%
VISALIA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $3,674 2.75%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $295,000 $295,000 $2,850 2.49%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $285,000 $285,000 $3,650 3.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $255,000 $255,000 $3,230 2.99%
CHICO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $5,067 2.75%
REDDING, CA (FHA|USDA|VA) 1 $235,000 $235,000 $5,616 2.88%

Capstone Direct 's top markets include Oxnard, Los Angeles, San Diego, Riverside, and San Francisco among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 545 $256,235,000 $470,156 $4,276 2.94%
VA 33 $18,135,000 $549,545 $9,258 2.41%
FHA 17 $8,995,000 $529,118 $13,986 2.55%

For the 2021 period, Capstone Direct 's most frequently originated loan type of loans were Conventional, with 545 originations. Their 2nd most popular type is VA, with 33 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 235 $102,485,000 $436,106 $3,219 2.79%
Home Purchase 217 $121,565,000 $560,207 $7,417 2.96%
Cash Out Refi 143 $59,315,000 $414,790 $3,601 2.98%

For the 2021, Capstone Direct 's most frequently cited loan purpose of loans were Refi, with 235 originations. The 2nd most popular reason of loans were Home Purchase, with 217 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 554 $269,600,000 $486,643 $4,956 2.93%
15 Year 27 $8,715,000 $322,778 $3,267 2.41%
20 Year 11 $3,755,000 $341,364 $2,721 2.57%
Other 2 $980,000 $490,000 $5,646 3.06%
10 Year 1 $315,000 $315,000 $2,619 1.88%

For the 2021, Capstone Direct 's most frequently cited loan length of loans were 30 Year, with 554 originations. The 2nd most popular length of loans were 15 Year, with 27 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 498 $231,370,000 $464,598
$2k-3k 27 $13,505,000 $500,185
$3k-4k 27 $14,335,000 $530,926
$<1k 23 $11,175,000 $485,870
$5k+ 14 $11,820,000 $844,286

$4,956 of loans were Capstone Direct 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 498 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 308 $147,620,000 $479,286
3-4% 154 $79,480,000 $516,104
<2.5% 120 $51,720,000 $431,000
4-5% 11 $4,155,000 $377,727
5-6% 2 $390,000 $195,000

During 2021, Capstone Direct 's average interest rate of loans were 2.93%, while their most frequently originated rate bucket of loans were 2.5-3%, with 308 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 225 $109,855,000 $488,244 $4,466 2.82%
$200k-400k 196 $59,500,000 $303,571 $3,658 2.85%
$600k-1MM 131 $94,455,000 $721,031 $6,952 3.00%
$100k-200k 31 $4,885,000 $157,581 $3,277 3.19%
$1MM+ 12 $14,670,000 $1,222,500 $11,186 3.21%

2021 saw Capstone Direct place emphasis on $400k-600k loans with 225 originations, totaling $109,855,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 187 $85,715,000 $458,369 $4,596 2.85%
$150k-250k 158 $86,060,000 $544,684 $5,264 2.98%
$75k-100k 104 $40,050,000 $385,096 $4,707 2.81%
$250k+ 70 $45,520,000 $650,286 $5,704 3.13%
$50k-75k 54 $18,400,000 $340,741 $3,928 2.81%
$50k or less 11 $2,365,000 $215,000 $3,693 2.91%

Capstone Direct lent most frequently to those with incomes in the $100k-150k range, with 187 originations. The second most popular income band? $150k-250k, with 158 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 349 $168,275,000 $482,163 $4,970 2.89%
Not provided 204 $90,490,000 $443,578 $4,337 2.87%
Asian 36 $20,800,000 $577,778 $5,993 3.09%
Black 5 $3,375,000 $675,000 $7,669 2.82%
American Indian 1 $425,000 $425,000 $5,459 3.13%

Approval Rates

Total approvals of all applications
98.44%

Capstone Direct 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
79.00%

Capstone Direct has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 595 $283,365,000 $476,244

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
595 $283,365,000 $476,244