Fundloans Capital Mortgage Rates, Fees & Info
ENCINITAS, CALEI: 549300A68YW07V5R5G22
Tax ID: 46-5295699
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Mortgage Data
Review & Overview
Fundloans Capital is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Fundloans Capital has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, Miami, Riverside, and San Francisco among others. We have data for 76 markets. (Some data included below & more in-depth data is available with an active subscription.)Fundloans Capital has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Fundloans Capital 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.44% | 4/18/24 |
| 30 Year Conventional Refi | 7.53% | 4/18/24 |
| 30 Year Cash-out Refi | 9.05% | 4/18/24 |
| 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. | ||
Fundloans Capital Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
582Origination Dollar Volume (All Markets)
$386,990,000Relative Rate
Fundloans Capital's average 30 year fixed mortgage rate was
9.8%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 3.32%.
Relative Fees (Closing Costs)
Fundloans Capital's average total fees/closing costs for a 30 year fixed rate
mortgage were $17,907.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 154 | $103,270,000 | $670,584 | $18,112 | 10.23% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 67 | $48,605,000 | $725,448 | $16,506 | 9.53% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 65 | $48,225,000 | $741,923 | $26,963 | 9.64% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 41 | $18,195,000 | $443,780 | $12,314 | 9.90% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 27 | $15,235,000 | $564,259 | $16,171 | 9.70% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 17 | $12,075,000 | $710,294 | $19,498 | 9.87% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 14 | $8,500,000 | $607,143 | $18,941 | 8.75% |
| Outside of Metro Areas | 4 | $7,580,000 | $1,895,000 | $35,144 | 8.63% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 11 | $7,575,000 | $688,636 | $13,516 | 8.43% |
| Kapaa, HI (FHA|USDA|VA) | 4 | $7,160,000 | $1,790,000 | $95,221 | 8.91% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $6,570,000 | $657,000 | $18,350 | 9.21% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $6,455,000 | $1,291,000 | $33,565 | 8.22% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $5,345,000 | $1,781,667 | $4,104 | 6.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $5,060,000 | $843,333 | $27,788 | 8.56% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 12 | $4,670,000 | $389,167 | $13,072 | 9.99% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $4,525,000 | $502,778 | $18,151 | 10.11% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $4,230,000 | $705,000 | $15,483 | 9.56% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 9 | $4,215,000 | $468,333 | $13,615 | 10.60% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $4,145,000 | $1,381,667 | $21,701 | 8.83% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 3 | $3,985,000 | $1,328,333 | $26,337 | 8.83% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $3,530,000 | $1,765,000 | $18,072 | 8.63% |
| Key West, FL (FHA|USDA|VA) | 2 | $3,510,000 | $1,755,000 | $54,230 | 8.88% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $3,505,000 | $500,714 | $12,906 | 9.84% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $3,460,000 | $346,000 | $12,079 | 9.47% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $3,340,000 | $835,000 | $17,214 | 10.03% |
| Heber, UT (FHA|USDA|VA) | 6 | $2,980,000 | $496,667 | $16,875 | 8.52% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $2,755,000 | $918,333 | $28,553 | 10.21% |
| RENO, NV (FHA|USDA|VA) | 2 | $2,520,000 | $1,260,000 | $44,770 | 8.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $2,465,000 | $493,000 | $12,518 | 8.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $12,892 | 9.98% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $2,040,000 | $1,020,000 | $10,226 | 9.19% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $20,261 | 9.91% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $1,755,000 | $1,755,000 | $0 | 7.99% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,670,000 | $835,000 | $21,697 | 8.19% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $1,530,000 | $765,000 | $19,904 | 8.12% |
| Edwards, CO (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $16,305 | 10.12% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $15,200 | 9.47% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $18,445 | 8.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $24,417 | 8.99% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $13,828 | 10.71% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $14,229 | 9.44% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $11,367 | 9.66% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $23,582 | 8.88% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 8.13% |
| NAPA, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $11,458 | 10.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $7,990 | 8.50% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $11,583 | 10.44% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 10.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $12,648 | 10.44% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $9,667 | 9.05% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $22,044 | 9.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $10,252 | 11.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $16,873 | 7.99% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $10,870 | 9.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $12,657 | 10.38% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,980 | 8.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $18,383 | 10.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $14,260 | 11.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,251 | 9.99% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $13,294 | 10.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,861 | 8.63% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 9.13% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 8.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $14,454 | 9.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,522 | 8.99% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.38% |
| Gillette, WY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,083 | 8.88% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,889 | 10.63% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,812 | 10.88% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,901 | 12.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,009 | 8.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 13.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,328 | 9.88% |
| BEND, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,736 | 10.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,518 | 12.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,314 | 10.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against FUNDLOANS CAPITAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 582 | $386,990,000 | $664,931 | $18,515 | 9.71% |
For 2023, Fundloans Capital's most frequently originated type of loan was Conventional, with 582 originations.
Loan Reason
For 2023, Fundloans Capital's most frequently cited loan purpose was Cash Out Refi, with 311 originations. The 2nd most popular reason was Home Purchase, with 171 originations.
Loan Duration/Length
For 2023, Fundloans Capital's most frequently cited loan duration was 30 Year, with 529 originations. The 2nd most popular length was 30+ year, with 47 originations.
Origination Fees/Closing Costs
Fundloans Capital's average total fees were $17,907, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 423 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 469 | $285,385,000 | $608,497 |
| 7-8% | 103 | $91,975,000 | $892,961 |
| 6-7% | 7 | $5,045,000 | $720,714 |
| 5-6% | 2 | $4,040,000 | $2,020,000 |
| 3-4% | 1 | $545,000 | $545,000 |
During 2023, Fundloans Capital's average interest rate for loans was 9.80%, while their most frequently originated rate bucket for loans was Over 8%, with 469 originations.
Loan Sizing
2023 saw Fundloans Capital place emphasis on $200k-400k loans with 191 originations, totaling $54,955,000 in origination value.
Applicant Income
Fundloans Capital lent most frequently to those with incomes in the $250k+ range, with 354 originations. The second most popular income band? $150k-250k, with 90 originations.
Applicant Debt to Income Ratio
Fundloans Capital lent most frequently to those with DTI ratios of 20-30%, with 77 originations. The next most common DTI ratio? <20%, with 70 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.99%
Fundloans Capital has a below average approval rate.
Pick Rate
Approvals leading to origination17.53%
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 | 582 | $386,990,000 | $664,931 |