Fundloans Capital Mortgage Rates, Fees & Info

ENCINITAS, CA

LEI: 549300A68YW07V5R5G22

Tax ID: 46-5295699

Latest/2022 | 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 Home Purchase, Cash Out Refi, and 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 San Jose among others. We have data for 67 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 8.44% 3/24/24
30 Year Conventional Refi 7.53% 3/24/24
30 Year Cash-out Refi 9.05% 3/24/24
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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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

477

Origination Dollar Volume (All Markets)

$390,095,000

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) 128 $148,480,000 $1,160,000 $20,918 5.72%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 78 $62,270,000 $798,333 $14,266 5.60%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 43 $24,995,000 $581,279 $17,082 6.21%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 26 $23,370,000 $898,846 $18,890 5.51%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 17 $13,755,000 $809,118 $13,995 6.05%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 27 $12,845,000 $475,741 $12,094 5.89%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 17 $10,565,000 $621,471 $12,264 6.05%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 15 $8,765,000 $584,333 $13,098 6.13%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 8 $5,650,000 $706,250 $7,782 4.86%
Glenwood Springs, CO (FHA|USDA|VA) 1 $5,505,000 $5,505,000 $64,927 5.49%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $5,050,000 $631,250 $14,629 5.79%
Key West, FL (FHA|USDA|VA) 1 $4,425,000 $4,425,000 $123,185 6.75%
SALINAS, CA (FHA|USDA|VA) 7 $4,255,000 $607,857 $15,449 5.94%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $3,965,000 $1,321,667 $18,400 4.58%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $3,885,000 $1,295,000 $21,722 5.41%
Outside of Metro Areas 3 $3,665,000 $1,221,667 $20,932 5.79%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $3,340,000 $835,000 $21,091 6.21%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $3,270,000 $1,635,000 $9,865 5.56%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 6 $3,260,000 $543,333 $0 5.85%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $3,185,000 $455,000 $10,642 5.91%
Kapaa, HI (FHA|USDA|VA) 1 $3,035,000 $3,035,000 $0 5.99%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $2,470,000 $1,235,000 $22,726 5.56%
FRESNO, CA (FHA|USDA|VA) 1 $2,035,000 $2,035,000 $28,146 6.38%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $1,970,000 $985,000 $17,779 6.00%
SAVANNAH, GA (FHA|USDA|VA) 3 $1,845,000 $615,000 $15,262 6.42%
URBAN HONOLULU, HI (FHA|USDA|VA) 3 $1,765,000 $588,333 $14,012 6.27%
SPRINGFIELD, MO (FHA|USDA|VA) 11 $1,745,000 $158,636 $0 5.49%
Outside of Metro Areas 1 $1,445,000 $1,445,000 $24,861 4.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $28,518 6.28%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $29,060 6.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $960,000 $480,000 $12,168 5.50%
Hilo, HI (FHA|USDA|VA) 1 $905,000 $905,000 $38,431 5.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $835,000 $835,000 $13,583 4.63%
EL CENTRO, CA (FHA|USDA|VA) 4 $720,000 $180,000 $0 7.00%
CORVALLIS, OR (FHA|USDA|VA) 1 $695,000 $695,000 $28,591 4.99%
Hailey, ID (FHA|USDA|VA) 1 $665,000 $665,000 $14,346 5.63%
STOCKTON, CA (FHA|USDA|VA) 2 $660,000 $330,000 $9,658 7.44%
VALLEJO, CA (FHA|USDA|VA) 2 $650,000 $325,000 $14,685 7.55%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $630,000 $315,000 $4,233 7.13%
OCALA, FL (FHA|USDA|VA) 1 $625,000 $625,000 $20,547 3.38%
BOULDER, CO (FHA|USDA|VA) 1 $605,000 $605,000 $10,530 4.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $590,000 $295,000 $14,675 6.94%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $585,000 $585,000 $16,781 5.88%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $535,000 $535,000 $14,343 5.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $530,000 $265,000 $4,864 6.31%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $505,000 $505,000 $22,424 4.75%
MERCED, CA (FHA|USDA|VA) 2 $500,000 $250,000 $8,858 5.88%
BEND, OR (FHA|USDA|VA) 1 $455,000 $455,000 $11,576 4.88%
BOISE CITY, ID (FHA|USDA|VA) 1 $425,000 $425,000 $9,936 5.99%
WENATCHEE, WA (FHA|USDA|VA) 1 $415,000 $415,000 $0 6.39%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $0 6.99%
GREELEY, CO (FHA|USDA|VA) 1 $355,000 $355,000 $12,808 7.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $11,385 5.38%
MADERA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $10,982 6.75%
SALEM, OR (FHA|USDA|VA) 1 $295,000 $295,000 $10,436 6.13%
TYLER, TX (FHA|USDA|VA) 1 $285,000 $285,000 $6,257 4.38%
BELLINGHAM, WA (FHA|USDA|VA) 1 $275,000 $275,000 $8,308 4.98%
YUBA CITY, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,507 4.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $11,644 6.33%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $9,433 5.88%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $235,000 $235,000 $0 7.45%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.75%
MODESTO, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.98%
Susanville, CA (FHA|USDA|VA) 1 $195,000 $195,000 $4,113 3.63%
Clearlake, CA (FHA|USDA|VA) 1 $185,000 $185,000 $9,512 6.13%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.73%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.68%
Fundloans Capital's top markets include Los Angeles, San Diego, Miami, San Francisco, and San Jose among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 474 $389,310,000 $821,329 $17,085 5.79%
    HELOC 3 $785,000 $261,667 n/a 8.75%

    For 2019, Fundloans Capital's most frequently originated type of loan was Conventional, with 474 originations. Their 2nd most popular type was HELOC, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 228 $170,650,000 $748,465 $16,219 6.00%
    Cash Out Refi 149 $119,955,000 $805,067 $17,493 5.78%
    Refi 98 $99,110,000 $1,011,327 $18,842 5.37%
    Other 2 $380,000 $190,000 $0 8.38%

    For 2019, Fundloans Capital's most frequently cited loan purpose was Home Purchase, with 228 originations. The 2nd most popular reason was Cash Out Refi, with 149 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 391 $286,105,000 $731,726 $16,225 5.86%
    30+ year 85 $103,615,000 $1,219,000 $20,221 5.59%
    Other 1 $375,000 $375,000 $0 6.99%

    For 2019, Fundloans Capital's most frequently cited loan duration was 30 Year, with 391 originations. The 2nd most popular length was 30+ year, with 85 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 251 $244,835,000 $975,438
    $1k-2k 50 $34,430,000 $688,600
    $2k-3k 19 $20,335,000 $1,070,263
    $3k-4k 15 $8,795,000 $586,333
    $4k-5k 8 $10,370,000 $1,296,250
    $<1k 1 $285,000 $285,000

    Fundloans Capital's average total fees were $16,225, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 251 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 157 $146,435,000 $932,707
    6-7% 139 $108,185,000 $778,309
    4-5% 115 $96,755,000 $841,348
    7-8% 38 $24,850,000 $653,947
    3-4% 13 $7,065,000 $543,462
    Over 8% 13 $5,175,000 $398,077

    During 2019, Fundloans Capital's average interest rate for loans was 5.86%, while their most frequently originated rate bucket for loans was 5-6%, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 121 $216,675,000 $1,790,702 $27,074 5.67%
    $400k-600k 119 $58,185,000 $488,950 $12,145 5.81%
    $200k-400k 104 $31,510,000 $302,981 $10,404 6.11%
    $600k-1MM 104 $78,990,000 $759,519 $15,468 5.66%
    $100k-200k 29 $4,735,000 $163,276 $5,077 5.87%

    2019 saw Fundloans Capital place emphasis on $1MM+ loans with 121 originations, totaling $216,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 197 $237,295,000 $1,204,543 $22,628 5.75%
    $150k-250k 98 $62,010,000 $632,755 $13,491 5.61%
    $50k or less 64 $38,350,000 $599,219 $15,094 6.44%
    $100k-150k 55 $25,965,000 $472,091 $11,768 5.64%
    $75k-100k 19 $5,975,000 $314,474 $10,237 5.75%
    $50k-75k 13 $3,905,000 $300,385 $8,609 5.20%

    Fundloans Capital lent most frequently to those with incomes in the $250k+ range, with 197 originations. The second most popular income band? $150k-250k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 99 $76,865,000 $776,414 $19,619 6.22%
    20-30% 62 $58,880,000 $949,677 $19,799 5.71%
    30-36% 62 $44,970,000 $725,323 $14,996 5.68%
    42% 28 $24,480,000 $874,286 $17,959 5.54%
    38% 26 $19,420,000 $746,923 $13,520 5.44%
    40% 21 $17,905,000 $852,619 $17,291 5.25%
    49% 17 $22,235,000 $1,307,941 $19,610 5.56%
    48% 17 $8,925,000 $525,000 $11,055 5.75%
    39% 16 $11,670,000 $729,375 $12,720 5.81%
    41% 16 $20,100,000 $1,256,250 $23,498 5.92%
    47% 14 $8,840,000 $631,429 $13,863 5.70%
    37% 13 $13,925,000 $1,071,154 $16,233 6.46%
    44% 13 $7,465,000 $574,231 $12,659 6.22%
    43% 12 $12,140,000 $1,011,667 $13,106 5.13%
    46% 9 $7,265,000 $807,222 $18,990 5.66%
    36% 9 $11,215,000 $1,246,111 $26,723 4.90%
    50-60% 7 $7,375,000 $1,053,571 $20,223 6.31%
    45% 6 $2,800,000 $466,667 $8,166 5.81%

    Fundloans Capital lent most frequently to those with DTI ratios of <20%, with 99 originations. The next most common DTI ratio? 20-30%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 293 $233,205,000 $795,922 $17,254 5.84%
    Not provided 139 $107,045,000 $770,108 $15,221 5.69%
    Asian 30 $35,060,000 $1,168,667 $20,172 5.95%
    Black 9 $11,195,000 $1,243,889 $27,874 5.88%
    Native Hawaiian or Islander 3 $1,955,000 $651,667 $17,054 6.43%
    American Indian 3 $1,635,000 $545,000 $17,742 5.90%

    Approval Rates

    Total approvals of all applications
    84.95%

    Fundloans Capital has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    44.23%

    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
    0.0 3 $785,000 $261,667
    NA 474 $389,310,000 $821,329

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 477 $390,095,000 $817,809

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $14,995,000 $882,059 $16,061 5.27%
    40-60% 87 $77,945,000 $895,920 $16,463 5.27%
    60-80% 236 $192,460,000 $815,508 $19,273 5.85%
    80-100% 132 $102,860,000 $779,242 $14,732 6.13%
    Under 20% 5 $1,835,000 $367,000 $8,401 6.98%