Foote Capital Mortgage Company Rates, Fees & Info
Carlisle, PALEI: 549300A6NF3MQMOHKJ20
Tax ID: 20-4094899
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
295Origination Dollar Volume (All Markets)
$66,885,000Awards
Foote Capital Mortgage Company - 2021
Foote Capital Mortgage Company is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications93.29%
Foote Capital Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination94.89%
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% |
