Fundloans Capital Mortgage Rates, Fees & Info

ENCINITAS, CA

LEI: 549300A68YW07V5R5G22

Tax ID: 46-5295699

1 stars - Updated: 6/9/24 - out of 5 stars, based on 24 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 8.44% 6/9/24
30 Year Conventional Refi 7.53% 6/9/24
30 Year Cash-out Refi 9.05% 6/9/24
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

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

This is not an official calculator from Fundloans Capital. 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

582

Origination Dollar Volume (All Markets)

$386,990,000

Relative 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%
Fundloans Capital's top markets include Los Angeles, San Diego, Miami, Riverside, and San Francisco among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • 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.

    Los Angeles Federal Credit Union
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    LBS FINANCIAL
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    SOUTHERN LENDING SERVICES, LTD.
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    SAN DIEGO COUNTY CREDIT UNION
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    SOUTHLAND CREDIT UNION
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    FIRST ENTERTAINMENT
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    We Florida Financial
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    ARROWHEAD CENTRAL CREDIT UNION
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 311 $138,365,000 $444,904 $13,252 10.47%
    Home Purchase 171 $172,435,000 $1,008,392 $27,995 8.40%
    Home Improvement 58 $30,930,000 $533,276 $15,685 10.48%
    Refi 42 $45,260,000 $1,077,619 $24,260 8.31%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 529 $332,985,000 $629,461 $17,907 9.80%
    30+ year 47 $52,465,000 $1,116,277 $29,276 8.32%
    10 Year 2 $450,000 $225,000 $7,990 11.12%
    15 Year 2 $560,000 $280,000 $13,101 13.06%
    20 Year 2 $530,000 $265,000 $10,970 12.13%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 423 $305,035,000 $721,123
    $4k-5k 28 $6,200,000 $221,429
    $3k-4k 11 $2,535,000 $230,455
    $2k-3k 8 $2,450,000 $306,250
    $1k-2k 7 $6,165,000 $880,714
    $<1k 3 $5,345,000 $1,781,667

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 191 $54,955,000 $287,723 $10,928 10.22%
    $400k-600k 131 $63,335,000 $483,473 $14,906 9.33%
    $1MM+ 96 $190,340,000 $1,982,708 $45,753 8.31%
    $600k-1MM 89 $66,365,000 $745,674 $19,533 8.84%
    $100k-200k 75 $11,995,000 $159,933 $8,063 11.87%

    2023 saw Fundloans Capital place emphasis on $200k-400k loans with 191 originations, totaling $54,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 354 $278,470,000 $786,638 $20,371 9.85%
    $150k-250k 90 $30,690,000 $341,000 $12,461 10.19%
    $50k or less 77 $55,415,000 $719,675 $30,008 8.37%
    $100k-150k 40 $10,790,000 $269,750 $11,120 10.28%
    $75k-100k 13 $4,005,000 $308,077 $10,646 8.97%
    $50k-75k 1 $525,000 $525,000 $0 7.50%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 77 $52,705,000 $684,481 $18,154 9.84%
    <20% 70 $44,350,000 $633,571 $17,373 9.72%
    30-36% 56 $43,590,000 $778,393 $23,103 9.90%
    49% 46 $22,040,000 $479,130 $14,929 10.36%
    42% 27 $11,725,000 $434,259 $15,439 10.02%
    44% 26 $13,080,000 $503,077 $14,771 9.85%
    48% 24 $25,940,000 $1,080,833 $27,842 9.69%
    46% 24 $18,590,000 $774,583 $18,398 9.60%
    40% 23 $17,465,000 $759,348 $16,391 9.59%
    47% 23 $9,765,000 $424,565 $14,283 10.27%
    45% 22 $16,220,000 $737,273 $13,845 9.11%
    41% 18 $10,260,000 $570,000 $16,570 11.31%
    38% 17 $9,625,000 $566,176 $14,526 9.38%
    39% 16 $7,980,000 $498,750 $17,034 9.79%
    36% 16 $12,160,000 $760,000 $12,594 9.37%
    43% 14 $9,010,000 $643,571 $19,912 10.36%
    37% 13 $8,095,000 $622,692 $20,542 9.53%
    50-60% 5 $4,785,000 $957,000 $31,842 9.25%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 344 $222,080,000 $645,581 $17,704 9.78%
    Not provided 157 $102,605,000 $653,535 $17,716 9.66%
    Asian 63 $43,815,000 $695,476 $20,173 9.39%
    Black 14 $16,610,000 $1,186,429 $42,103 9.90%
    Native Hawaiian or Islander 1 $1,035,000 $1,035,000 $26,822 9.00%
    American Indian 2 $720,000 $360,000 $15,005 9.31%
    Filipino 1 $125,000 $125,000 $6,856 12.13%

    Approval Rates

    Total approvals of all applications
    81.99%

    Fundloans Capital has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    17.53%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    582 $386,990,000 $664,931

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 129 $49,385,000 $382,829 $11,908 10.96%
    40-60% 57 $55,025,000 $965,351 $32,431 8.48%
    60-80% 165 $169,125,000 $1,025,000 $27,684 8.43%
    80-100% 70 $58,630,000 $837,571 $23,376 8.67%
    Under 20% 160 $54,280,000 $339,250 $11,673 10.94%