Fundloans Capital Mortgage Rates, Fees & Info
ENCINITAS, CALEI: 549300A68YW07V5R5G22
Tax ID: 46-5295699
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Fundloans Capital is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Fundloans Capital has a high proportion of conventional loans. Their top markets include Los Angeles, San Diego, Miami, San Francisco, and Riverside among others. Fundloans Capital has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Fundloans Capital is typically a high fee lendor.Originations
677Origination Dollar Volume (All Markets)
$656,875,000Relative Rate
Fundloans Capital's average 30 year fixed rate mortgage of loans were
4.28%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 1.13%.
Relative Fees
Fundloans Capital's average total fees for a 30 year fixed rate
mortgage are $20,169.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 165 | $209,865,000 | $1,271,909 | $24,380 | 4.16% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 96 | $95,190,000 | $991,563 | $22,123 | 4.11% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 67 | $54,305,000 | $810,522 | $25,164 | 4.71% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 45 | $47,825,000 | $1,062,778 | $19,668 | 4.11% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 54 | $32,540,000 | $602,593 | $16,396 | 4.44% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 15 | $14,915,000 | $994,333 | $17,943 | 3.92% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 10 | $14,510,000 | $1,451,000 | $30,944 | 4.46% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $14,185,000 | $945,667 | $21,983 | 4.77% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $12,280,000 | $1,228,000 | $23,449 | 4.29% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 7 | $11,975,000 | $1,710,714 | $34,660 | 4.58% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 9 | $10,935,000 | $1,215,000 | $42,763 | 4.07% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $9,470,000 | $1,578,333 | $23,625 | 4.46% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $9,310,000 | $1,163,750 | $36,491 | 4.05% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 15 | $8,905,000 | $593,667 | $13,307 | 4.71% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 12 | $7,840,000 | $653,333 | $12,782 | 4.11% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $6,490,000 | $811,250 | $16,212 | 4.59% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $5,630,000 | $2,815,000 | $0 | 4.88% |
| Kapaa, HI (FHA|USDA|VA) | 5 | $5,615,000 | $1,123,000 | $27,365 | 4.63% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $5,370,000 | $2,685,000 | $94,430 | 4.13% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $5,295,000 | $1,765,000 | $29,420 | 3.92% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $4,885,000 | $697,857 | $21,133 | 4.27% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 12 | $4,530,000 | $377,500 | $14,318 | 4.54% |
| Key West, FL (FHA|USDA|VA) | 2 | $4,170,000 | $2,085,000 | $81,588 | 4.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 8 | $3,570,000 | $446,250 | $16,189 | 4.66% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $3,250,000 | $541,667 | $11,192 | 4.79% |
| Hilo, HI (FHA|USDA|VA) | 3 | $2,535,000 | $845,000 | $23,294 | 3.83% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $2,360,000 | $590,000 | $17,459 | 5.03% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $2,325,000 | $2,325,000 | $48,240 | 4.13% |
| NAPA, CA (FHA|USDA|VA) | 2 | $2,140,000 | $1,070,000 | $25,076 | 4.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $2,045,000 | $681,667 | $23,539 | 4.25% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $2,020,000 | $1,010,000 | $21,539 | 4.00% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 5 | $1,975,000 | $395,000 | $11,375 | 4.32% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $11,011 | 4.58% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,935,000 | $645,000 | $0 | 5.29% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $1,755,000 | $585,000 | $10,550 | 3.79% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $1,740,000 | $870,000 | $20,739 | 3.50% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $1,630,000 | $815,000 | $13,298 | 3.19% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $16,879 | 4.71% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $16,158 | 4.29% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 5.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $1,485,000 | $1,485,000 | $0 | 4.50% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $15,090 | 3.79% |
| BEND, OR (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $9,979 | 4.44% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $5,069 | 5.25% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $15,125 | 4.81% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $14,358 | 4.63% |
| Outside of Metro Areas | 1 | $1,175,000 | $1,175,000 | $27,317 | 4.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $22,371 | 4.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $17,539 | 3.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $0 | 4.28% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $31,987 | 4.13% |
| Heber, UT (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 4.75% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $34,705 | 4.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $10,783 | 5.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 6.25% |
| RENO, NV (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $20,023 | 4.38% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $22,191 | 4.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 4.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $8,266 | 5.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $15,950 | 5.13% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $16,981 | 4.50% |
| Gillette, WY (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,058 | 4.88% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 5.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $18,408 | 4.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,606 | 4.38% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,670 | 4.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,513 | 4.00% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,290 | 4.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,560 | 5.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,605 | 3.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.88% |
Fundloans Capital's top markets include Los Angeles, San Diego, Miami, San Francisco, and Riverside among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 677 | $656,875,000 | $970,273 | $21,705 | 4.33% |
For the 2021 period, Fundloans Capital's most frequently originated loan type of loans were Conventional, with 677 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 345 | $333,595,000 | $966,942 | $22,266 | 4.53% |
| Cash Out Refi | 192 | $174,190,000 | $907,240 | $22,113 | 4.34% |
| Refi | 137 | $146,815,000 | $1,071,642 | $20,013 | 3.82% |
| Other | 2 | $1,670,000 | $835,000 | $23,311 | 3.94% |
| Home Improvement | 1 | $605,000 | $605,000 | $7,742 | 4.88% |
For the 2021, Fundloans Capital's most frequently cited loan purpose of loans were Home Purchase, with 345 originations. The 2nd most popular reason of loans were Cash Out Refi, with 192 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 552 | $496,830,000 | $900,054 | $20,169 | 4.28% |
| 30+ year | 121 | $139,525,000 | $1,153,099 | $27,742 | 4.51% |
| 10 Year | 4 | $20,520,000 | $5,130,000 | $116,906 | 5.47% |
For the 2021, Fundloans Capital's most frequently cited loan length of loans were 30 Year, with 552 originations. The 2nd most popular length of loans were 30+ year, with 121 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 431 | $454,335,000 | $1,054,142 |
| $3k-4k | 17 | $10,485,000 | $616,765 |
| $2k-3k | 14 | $17,370,000 | $1,240,714 |
| $1k-2k | 9 | $10,595,000 | $1,177,222 |
| $<1k | 6 | $6,320,000 | $1,053,333 |
$20,169 of loans were Fundloans Capital's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 431 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 252 | $246,020,000 | $976,270 |
| 3-4% | 231 | $216,675,000 | $937,987 |
| 5-6% | 126 | $119,030,000 | $944,683 |
| 2.5-3% | 48 | $50,740,000 | $1,057,083 |
| 6-7% | 16 | $19,720,000 | $1,232,500 |
| <2.5% | 3 | $3,895,000 | $1,298,333 |
| 7-8% | 1 | $795,000 | $795,000 |
During 2021, Fundloans Capital's average interest rate of loans were 4.28%, while their most frequently originated rate bucket of loans were 4-5%, with 252 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 226 | $401,260,000 | $1,775,487 | $31,698 | 4.22% |
| $600k-1MM | 197 | $153,995,000 | $781,701 | $18,406 | 4.24% |
| $400k-600k | 126 | $62,960,000 | $499,683 | $14,340 | 4.52% |
| $200k-400k | 124 | $37,880,000 | $305,484 | $10,867 | 4.48% |
| $100k-200k | 4 | $780,000 | $195,000 | $9,151 | 4.72% |
2021 saw Fundloans Capital place emphasis on $1MM+ loans with 226 originations, totaling $401,260,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 314 | $420,000,000 | $1,337,580 | $26,787 | 4.22% |
| $150k-250k | 112 | $85,090,000 | $759,732 | $17,055 | 4.22% |
| $100k-150k | 69 | $36,625,000 | $530,797 | $13,905 | 4.43% |
| $50k or less | 35 | $24,175,000 | $690,714 | $15,934 | 4.40% |
| $75k-100k | 23 | $8,305,000 | $361,087 | $11,558 | 4.27% |
| $50k-75k | 13 | $4,075,000 | $313,462 | $11,695 | 3.98% |
Fundloans Capital lent most frequently to those with incomes in the $250k+ range, with 314 originations. The second most popular income band? $150k-250k, with 112 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 126 | $114,670,000 | $910,079 | $22,687 | 4.22% |
| 20-30% | 112 | $117,070,000 | $1,045,268 | $21,810 | 4.17% |
| 30-36% | 81 | $87,215,000 | $1,076,728 | $21,613 | 4.28% |
| 42% | 28 | $28,900,000 | $1,032,143 | $23,935 | 4.19% |
| 37% | 23 | $25,285,000 | $1,099,348 | $22,670 | 3.88% |
| 38% | 22 | $26,200,000 | $1,190,909 | $22,790 | 4.23% |
| 39% | 20 | $22,870,000 | $1,143,500 | $23,678 | 4.34% |
| 40% | 20 | $16,610,000 | $830,500 | $19,523 | 4.51% |
| 36% | 19 | $14,285,000 | $751,842 | $18,315 | 4.26% |
| 45% | 16 | $13,400,000 | $837,500 | $18,174 | 4.22% |
| 46% | 16 | $18,430,000 | $1,151,875 | $19,536 | 4.60% |
| 41% | 15 | $22,625,000 | $1,508,333 | $23,811 | 4.19% |
| 44% | 13 | $13,285,000 | $1,021,923 | $15,967 | 4.36% |
| 49% | 13 | $20,015,000 | $1,539,615 | $24,285 | 4.37% |
| 48% | 12 | $8,130,000 | $677,500 | $18,000 | 4.29% |
| 47% | 10 | $6,080,000 | $608,000 | $17,559 | 4.04% |
| 43% | 10 | $13,860,000 | $1,386,000 | $25,220 | 4.61% |
| 50-60% | 5 | $5,235,000 | $1,047,000 | $23,670 | 3.60% |
Fundloans Capital lent most frequently to those with DTI ratios of <20%, with 126 originations. The next most common DTI ratio? 20-30%, with 112 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 351 | $344,695,000 | $982,037 | $22,285 | 4.29% |
| Not provided | 221 | $226,495,000 | $1,024,864 | $20,794 | 4.34% |
| Asian | 61 | $50,785,000 | $832,541 | $23,146 | 4.25% |
| Black | 36 | $30,640,000 | $851,111 | $20,997 | 4.77% |
| Native Hawaiian | 3 | $1,405,000 | $468,333 | $11,086 | 4.63% |
| Asian Indian | 2 | $880,000 | $440,000 | $14,178 | 4.25% |
| Other Asian | 1 | $875,000 | $875,000 | $17,449 | 3.25% |
| American Indian | 1 | $695,000 | $695,000 | $13,958 | 4.88% |
| Filipino | 1 | $405,000 | $405,000 | $0 | 4.25% |
Approval Rates
Total approvals of all applications80.98%
Fundloans Capital has a below average approval rate.
Pick Rate
Approvals leading to origination31.00%
Fundloans Capital 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 | 677 | $656,875,000 | $970,273 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 677 | $656,875,000 | $970,273 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 27 | $22,335,000 | $827,222 | $14,752 | 3.67% |
| 40-60% | 133 | $126,185,000 | $948,759 | $19,982 | 3.98% |
| 60-80% | 361 | $362,795,000 | $1,004,972 | $23,665 | 4.35% |
| 80-100% | 154 | $144,220,000 | $936,494 | $20,732 | 4.73% |
| Under 20% | 2 | $1,340,000 | $670,000 | $3,654 | 2.94% |
