Capstone Direct Mortgage Rates, Fees & Info

THOUSAND OAKS, CA

LEI: 5493008WOGGD8641UC13

Tax ID: 20-8207683

3.2 stars - Updated: 9/25/23 - out of 5 stars, based on 12 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Capstone Direct is a smaller mortgage company specializing in Home Purchase loans. Capstone Direct has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Oxnard, Los Angeles, Riverside, San Diego, and Fresno among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Capstone Direct 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. Capstone Direct is typically a high 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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.02% 9/25/23
    30 Year Conventional Purchase 6.54% 9/25/23
    30 Year Conventional Refi 6.44% 9/25/23
    30 Year Cash-out Refi 6.51% 9/25/23
    30 Year FHA Purchase 6.67% 9/25/23
    30 Year VA Purchase 5.88% 9/25/23
    15 Year Conventional Refi 5.68% 9/25/23
    15 Year Cash-out Refi 5.68% 9/25/23
    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.

    Capstone Direct Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Capstone Direct. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    152

    Origination Dollar Volume (All Markets)

    $82,480,000
    Show all (5) awards

    Relative Rate

    Capstone Direct's average 30 year fixed mortgage rate was 4.58%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.18%.

    Relative Fees (Closing Costs)

    Capstone Direct's average total fees/closing costs for a 30 year fixed rate mortgage were $8,847.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $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
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 87 $47,555,000 $546,609 $8,589 4.50%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 29 $19,425,000 $669,828 $9,678 4.56%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $3,415,000 $487,857 $7,918 5.05%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 8 $3,410,000 $426,250 $8,954 4.70%
    FRESNO, CA (FHA|USDA|VA) 3 $1,385,000 $461,667 $5,583 3.54%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $1,155,000 $385,000 $9,053 4.79%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $805,000 $805,000 $5,250 5.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $805,000 $805,000 $7,991 5.25%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $705,000 $705,000 $19,097 3.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $555,000 $555,000 $5,512 4.88%
    EL CENTRO, CA (FHA|USDA|VA) 2 $500,000 $250,000 $2,357 5.44%
    VALLEJO, CA (FHA|USDA|VA) 1 $475,000 $475,000 $15,535 3.25%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $375,000 $375,000 $3,462 2.50%
    Brookings, OR (FHA|USDA|VA) 1 $365,000 $365,000 $5,062 3.38%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $335,000 $335,000 $5,190 5.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,615 4.88%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $275,000 $275,000 $4,444 3.49%
    Coos Bay, OR (FHA|USDA|VA) 1 $265,000 $265,000 $3,250 2.75%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $205,000 $205,000 $4,741 6.25%
    Palatka, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,939 5.25%
    Capstone Direct's top markets include Oxnard, Los Angeles, Riverside, San Diego, and Fresno among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

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

    Credence Funding Corporation
    Similarity Rank: 316
    Chaffey Federal Credit Union
    Similarity Rank: 644
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 660
    MYPOINT Credit Union
    Similarity Rank: 770
    Christian Community Credit Union
    Similarity Rank: 1062
    Los Angeles Federal Credit Union
    Similarity Rank: 1120
    First City Credit Union
    Similarity Rank: 1300
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    Water and Power Community Credit Union
    Similarity Rank: 1484
    THE FIRST FINANCIAL Federal Credit Union
    Similarity Rank: 1584

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $71,450,000 $549,615 $7,740 4.56%
    VA 10 $5,970,000 $597,000 $10,772 3.91%
    FHA 8 $4,250,000 $531,250 $17,752 4.38%
    HELOC 4 $810,000 $202,500 n/a 5.50%

    For 2022, Capstone Direct's most frequently originated type of loan was Conventional, with 130 originations. Their 2nd most popular type was VA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 118 $69,230,000 $586,695 $9,670 4.73%
    Cash Out Refi 22 $8,590,000 $390,455 $4,964 4.11%
    Refi 12 $4,660,000 $388,333 $3,301 3.37%

    For 2022, Capstone Direct's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 143 $79,995,000 $559,406 $8,847 4.58%
    15 Year 5 $1,565,000 $313,000 $2,846 3.92%
    10 Year 2 $110,000 $55,000 $2,741 4.13%
    20 Year 1 $245,000 $245,000 $2,994 2.75%
    Other 1 $565,000 $565,000 $3,449 2.88%

    For 2022, Capstone Direct's most frequently cited loan duration was 30 Year, with 143 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 74 $39,610,000 $535,270
    $5k+ 42 $27,400,000 $652,381
    $2k-3k 14 $6,120,000 $437,143
    $4k-5k 9 $4,375,000 $486,111
    $3k-4k 5 $2,805,000 $561,000
    $<1k 4 $1,360,000 $340,000

    Capstone Direct's average total fees were $8,847, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 74 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 53 $29,905,000 $564,245
    5-6% 38 $19,180,000 $504,737
    4-5% 36 $20,980,000 $582,778
    2.5-3% 11 $5,115,000 $465,000
    6-7% 10 $5,900,000 $590,000
    7-8% 2 $570,000 $285,000
    Over 8% 1 $455,000 $455,000
    <2.5% 1 $375,000 $375,000

    During 2022, Capstone Direct's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 3-4%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 52 $38,630,000 $742,885 $10,607 4.70%
    $400k-600k 47 $23,945,000 $509,468 $8,250 4.60%
    $200k-400k 39 $11,835,000 $303,462 $5,389 4.31%
    $1MM+ 6 $7,130,000 $1,188,333 $15,979 3.65%
    $100k-200k 5 $785,000 $157,000 $3,711 4.92%
    $100,000 or less 3 $155,000 $51,667 $3,955 4.58%

    2022 saw Capstone Direct place emphasis on $600k-1MM loans with 52 originations, totaling $38,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 55 $33,725,000 $613,182 $9,190 4.60%
    $100k-150k 35 $18,595,000 $531,286 $8,678 4.48%
    $250k+ 25 $18,085,000 $723,400 $10,395 4.98%
    $75k-100k 22 $8,340,000 $379,091 $6,787 3.98%
    $50k-75k 12 $3,340,000 $278,333 $5,133 4.16%
    $50k or less 3 $395,000 $131,667 $5,021 5.67%

    Capstone Direct lent most frequently to those with incomes in the $150k-250k range, with 55 originations. The second most popular income band? $100k-150k, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $52,685,000 $566,505 $8,376 4.43%
    Not provided 46 $21,870,000 $475,435 $8,303 4.62%
    Asian 10 $6,020,000 $602,000 $9,976 4.82%
    Black 3 $1,905,000 $635,000 $9,513 5.41%

    Approval Rates

    Total approvals of all applications
    97.71%

    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
    59.87%

    Capstone Direct 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 152 $82,480,000 $542,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    152 $82,480,000 $542,632