Foote Capital Mortgage Company Rates, Fees & Info

Carlisle, PA

LEI: 549300A6NF3MQMOHKJ20

Tax ID: 20-4094899

5 stars - out of 5 stars, based on 17 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Foote Capital Mortgage Company is a smaller mortgage company specializing in Home Purchase and Refi loans. Foote Capital Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Harrisburg, York, Chambersburg, Gettysburg, and Philadelphia among others. Foote Capital Mortgage Company has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Foote Capital Mortgage Company is typically an average fee lendor.


Originations

295

Origination Dollar Volume (All Markets)

$66,885,000

Awards

Foote Capital Mortgage Company 30 Year Conventional Loans gold Foote Capital Mortgage Company FHA Loans bronze Foote Capital Mortgage Company 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Foote Capital Mortgage Company's average 30 year fixed rate mortgage of loans were 2.99%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.16%.

Relative Fees

Foote Capital Mortgage Company's average total fees for a 30 year fixed rate mortgage are $4,977.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 242 $54,690,000 $225,992 $4,605 2.87%
YORK-HANOVER, PA (FHA|USDA|VA) 18 $4,060,000 $225,556 $5,108 2.80%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 15 $3,105,000 $207,000 $5,506 3.02%
GETTYSBURG, PA (FHA|USDA|VA) 4 $920,000 $230,000 $4,366 2.78%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $845,000 $281,667 $3,864 2.46%
Selinsgrove, PA (FHA|USDA|VA) 2 $690,000 $345,000 $2,764 2.75%
Sunbury, PA (FHA|USDA|VA) 2 $610,000 $305,000 $4,258 2.69%
STATE COLLEGE, PA (FHA|USDA|VA) 2 $580,000 $290,000 $4,437 2.88%
LANCASTER, PA (FHA|USDA|VA) 2 $470,000 $235,000 $3,598 2.19%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $345,000 $345,000 $6,253 2.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $215,000 $215,000 $3,347 2.50%
Lock Haven, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,286 2.75%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,682 3.00%
Somerset, PA (FHA|USDA|VA) 1 $95,000 $95,000 $2,403 3.38%

Foote Capital Mortgage Company's top markets include Harrisburg, York, Chambersburg, Gettysburg, and Philadelphia among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 238 $51,900,000 $218,067 $4,120 2.86%
VA 29 $9,745,000 $336,034 $7,500 2.67%
FHA 26 $4,960,000 $190,769 $6,499 2.98%
USDA 2 $280,000 $140,000 $1,981 3.13%

For the 2021 period, Foote Capital Mortgage Company's most frequently originated loan type of loans were Conventional, with 238 originations. Their 2nd most popular type is VA, with 29 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 138 $34,090,000 $247,029 $5,369 3.01%
Refi 119 $24,695,000 $207,521 $3,788 2.69%
Cash Out Refi 38 $8,100,000 $213,158 $4,624 2.82%

For the 2021, Foote Capital Mortgage Company's most frequently cited loan purpose of loans were Home Purchase, with 138 originations. The 2nd most popular reason of loans were Refi, with 119 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 207 $48,875,000 $236,111 $4,977 2.99%
15 Year 62 $12,340,000 $199,032 $3,746 2.47%
20 Year 19 $4,125,000 $217,105 $3,983 2.72%
10 Year 5 $765,000 $153,000 $3,485 2.48%
30+ year 2 $780,000 $390,000 $6,426 3.38%

For the 2021, Foote Capital Mortgage Company's most frequently cited loan length of loans were 30 Year, with 207 originations. The 2nd most popular length of loans were 15 Year, with 62 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 244 $57,090,000 $233,975
$1k-2k 24 $4,350,000 $181,250
$3k-4k 15 $3,225,000 $215,000
$2k-3k 10 $1,770,000 $177,000
$5k+ 2 $450,000 $225,000

$4,977 of loans were Foote Capital Mortgage Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 244 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 125 $30,265,000 $242,120
3-4% 86 $16,670,000 $193,837
<2.5% 82 $19,660,000 $239,756
4-5% 2 $290,000 $145,000

During 2021, Foote Capital Mortgage Company's average interest rate of loans were 2.99%, while their most frequently originated rate bucket of loans were 2.5-3%, with 125 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 134 $35,600,000 $265,672 $4,901 2.81%
$100k-200k 132 $20,260,000 $153,485 $3,788 2.92%
$400k-600k 18 $8,320,000 $462,222 $9,223 2.64%
$100,000 or less 8 $730,000 $91,250 $3,425 3.09%
$600k-1MM 3 $1,975,000 $658,333 $5,707 3.13%

2021 saw Foote Capital Mortgage Company place emphasis on $200k-400k loans with 134 originations, totaling $35,600,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 80 $20,360,000 $254,500 $5,065 2.79%
$50k-75k 70 $12,880,000 $184,000 $4,073 3.00%
$75k-100k 64 $14,490,000 $226,406 $4,967 2.84%
$50k or less 53 $9,035,000 $170,472 $3,906 2.91%
$150k-250k 24 $8,110,000 $337,917 $5,458 2.58%
$250k+ 4 $2,010,000 $502,500 $5,310 2.84%

Foote Capital Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $50k-75k, with 70 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 61 $12,675,000 $207,787 $4,107 2.84%
20-30% 57 $12,275,000 $215,351 $4,302 2.78%
<20% 27 $6,015,000 $222,778 $4,136 2.82%
50-60% 17 $3,755,000 $220,882 $6,805 2.95%
39% 14 $3,820,000 $272,857 $4,660 3.03%
36% 14 $2,720,000 $194,286 $4,936 2.93%
42% 12 $2,620,000 $218,333 $4,797 2.96%
38% 12 $3,200,000 $266,667 $4,793 3.14%
44% 11 $3,495,000 $317,727 $5,016 2.89%
47% 11 $2,545,000 $231,364 $4,748 2.74%
49% 11 $2,165,000 $196,818 $4,733 2.95%
37% 10 $2,270,000 $227,000 $6,298 2.84%
43% 9 $2,205,000 $245,000 $5,034 2.86%
40% 8 $1,910,000 $238,750 $4,751 3.00%
41% 5 $975,000 $195,000 $3,293 2.90%
46% 3 $765,000 $255,000 $3,806 2.71%
45% 3 $915,000 $305,000 $6,128 3.00%
48% 1 $165,000 $165,000 $3,484 2.50%

Foote Capital Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 61 originations. The next most common DTI ratio? 20-30%, with 57 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 279 $62,725,000 $224,821 $4,527 2.84%
Black 10 $2,340,000 $234,000 $5,766 3.20%
Asian 4 $1,200,000 $300,000 $5,496 2.75%
Native Hawaiian 1 $415,000 $415,000 $21,751 3.50%
Not provided 1 $205,000 $205,000 $3,646 2.63%

Approval Rates

Total approvals of all applications
93.29%

Foote Capital Mortgage Company has an average approval rate.

Pick Rate

Approvals leading to origination
94.89%

Foote Capital Mortgage Company has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 295 $66,885,000 $226,729

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
295 $66,885,000 $226,729

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 7 $1,105,000 $157,857 $3,368 2.57%
40-60% 34 $6,090,000 $179,118 $3,702 2.80%
60-80% 125 $25,925,000 $207,400 $3,899 2.83%
80-100% 122 $30,920,000 $253,443 $5,200 2.93%
Over 100% 7 $2,845,000 $406,429 $13,936 2.63%