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 Home Purchase and Cash Out Refi loans. Fundloans Capital has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, Miami, San Francisco, and Santa Cruz among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Fundloans Capital has an above 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% | 12/16/24 |
| 30 Year Conventional Refi | 7.53% | 12/16/24 |
| 30 Year Cash-out Refi | 9.05% | 12/16/24 |
| 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
131Origination Dollar Volume (All Markets)
$78,485,000Top 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) | 25 | $19,015,000 | $760,600 | $14,648 | 61.69% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 25 | $13,865,000 | $554,600 | $8,605 | 5.91% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $6,310,000 | $450,714 | $13,051 | 6.52% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $5,160,000 | $645,000 | $12,031 | 6.38% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 5 | $5,105,000 | $1,021,000 | $6,451 | 6.19% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $3,815,000 | $545,000 | $10,547 | 6.68% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $3,585,000 | $717,000 | $10,271 | 5.81% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $3,525,000 | $320,455 | $11,645 | 5.61% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $2,970,000 | $742,500 | $18,831 | 6.21% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $1,975,000 | $1,975,000 | $34,036 | 7.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,830,000 | $457,500 | $7,346 | 6.59% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $1,715,000 | $571,667 | $9,731 | 6.04% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $18,219 | 6.99% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $12,445 | 8.19% |
| Outside of Metro Areas | 2 | $1,240,000 | $620,000 | $3,632 | 6.08% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $7,917 | 5.54% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $8,221 | 7.25% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $16,514 | 6.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $5,420 | 7.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,397 | 4.99% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,261 | 6.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,218 | 7.40% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,959 | 4.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,959 | 7.65% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.15% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,470 | 4.25% |
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 | 126 | $76,590,000 | $607,857 | $11,802 | 17.64% |
| VA | 5 | $1,895,000 | $379,000 | $3,031 | 4.28% |
For 2018, Fundloans Capital's most frequently originated type of loan was Conventional, with 126 originations. Their 2nd most popular type was VA, with 5 originations.
Loan Reason
For 2018, Fundloans Capital's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.
Loan Duration/Length
For 2018, Fundloans Capital's most frequently cited loan duration was 30 Year, with 117 originations. The 2nd most popular length was 30+ year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 47 | $31,955,000 | $679,894 |
| $2k-3k | 18 | $8,430,000 | $468,333 |
| $1k-2k | 13 | $9,325,000 | $717,308 |
| $3k-4k | 3 | $2,115,000 | $705,000 |
Fundloans Capital's average total fees were $10,693, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 47 originations.
Interest Rates
During 2018, Fundloans Capital's average interest rate for loans was 18.43%, while their most frequently originated rate bucket for loans was 6-7%, with 42 originations.
Loan Sizing
2018 saw Fundloans Capital place emphasis on $600k-1MM loans with 47 originations, totaling $36,665,000 in origination value.
Applicant Income
Fundloans Capital lent most frequently to those with incomes in the $250k+ range, with 34 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
Fundloans Capital lent most frequently to those with DTI ratios of 30-36%, with 19 originations. The next most common DTI ratio? 20-30%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.84%
Fundloans Capital has an average approval rate.
Pick Rate
Approvals leading to origination-66.41%
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 | 131 | $78,485,000 | $599,122 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 131 | $78,485,000 | $599,122 |