Capstone Direct Mortgage Rates, Fees & Info
THOUSAND OAKS, CALEI: 5493008WOGGD8641UC13
Tax ID: 20-8207683
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
595Origination Dollar Volume (All Markets)
$283,365,000Awards
CAPSTONE DIRECT - 2021
CAPSTONE DIRECT is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications98.44%
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 origination79.00%
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 |
