Fundloans Capital Mortgage Rates, Fees & Info

ENCINITAS, CA

LEI: 549300A68YW07V5R5G22

Tax ID: 46-5295699

1 stars - out of 5 stars, based on 26 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

677

Origination Dollar Volume (All Markets)

$656,875,000

Relative 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 applications
80.98%

Fundloans Capital has a below average approval rate.

Pick Rate

Approvals leading to origination
31.00%

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%