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, Refi, 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 Riverside among others. We have data for 46 markets. (Some data included below & more in-depth data is available with an active subscription.)Fundloans Capital has a below 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 about average 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% | 4/21/24 |
| 30 Year Conventional Refi | 7.53% | 4/21/24 |
| 30 Year Cash-out Refi | 9.05% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
286Origination Dollar Volume (All Markets)
$292,660,000Top 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) | 85 | $104,145,000 | $1,225,235 | $23,636 | 4.94% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 49 | $63,805,000 | $1,302,143 | $19,936 | 4.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 32 | $24,840,000 | $776,250 | $26,986 | 5.47% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 16 | $18,370,000 | $1,148,125 | $23,131 | 4.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 16 | $9,290,000 | $580,625 | $13,550 | 4.87% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $7,325,000 | $665,909 | $11,133 | 4.74% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $6,895,000 | $2,298,333 | $40,370 | 5.41% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $6,715,000 | $959,286 | $12,420 | 4.79% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $4,560,000 | $1,140,000 | $19,753 | 6.00% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 2 | $4,160,000 | $2,080,000 | $53,395 | 5.31% |
| Outside of Metro Areas | 2 | $3,880,000 | $1,940,000 | $29,772 | 4.44% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $3,695,000 | $739,000 | $13,516 | 4.48% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,805,000 | $400,714 | $59,048 | 5.95% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $2,225,000 | $741,667 | $18,477 | 4.46% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $23,184 | 3.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,885,000 | $628,333 | $7,886 | 3.62% |
| BEND, OR (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $20,370 | 4.09% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,550,000 | $775,000 | $23,203 | 6.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,480,000 | $740,000 | $21,111 | 4.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $18,568 | 4.94% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $22,329 | 4.81% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $31,646 | 5.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $1,375,000 | $1,375,000 | $21,898 | 3.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $12,633 | 4.88% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $17,027 | 3.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $9,720 | 3.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $17,582 | 3.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $31,231 | 2.75% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $27,411 | 3.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $15,236 | 6.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $18,970 | 2.75% |
| CASPER, WY (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $13,783 | 5.13% |
| Edwards, CO (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $3,692 | 5.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $12,399 | 3.13% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $6,321 | 5.25% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $16,964 | 5.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $18,613 | 5.25% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 5.75% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 6.38% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $18,998 | 4.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 5.25% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 5.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,670 | 2.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,865 | 3.75% |
| Montrose, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,301 | 5.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,748 | 5.75% |
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 | 285 | $292,305,000 | $1,025,632 | $22,000 | 4.77% |
| VA | 1 | $355,000 | $355,000 | $5,141 | 2.75% |
For 2020, Fundloans Capital's most frequently originated type of loan was Conventional, with 285 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2020, Fundloans Capital's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Refi, with 69 originations.
Loan Duration/Length
For 2020, Fundloans Capital's most frequently cited loan duration was 30 Year, with 238 originations. The 2nd most popular length was 30+ year, with 44 originations.
Origination Fees/Closing Costs
Fundloans Capital's average total fees were $22,197, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 208 originations.
Interest Rates
During 2020, Fundloans Capital's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 5-6%, with 91 originations.
Loan Sizing
2020 saw Fundloans Capital place emphasis on $1MM+ loans with 110 originations, totaling $186,760,000 in origination value.
Applicant Income
Fundloans Capital lent most frequently to those with incomes in the $250k+ range, with 155 originations. The second most popular income band? $150k-250k, with 65 originations.
Applicant Debt to Income Ratio
Fundloans Capital lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.37%
Fundloans Capital has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination41.61%
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 | 286 | $292,660,000 | $1,023,287 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 286 | $292,660,000 | $1,023,287 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FundLoans Capital | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |