Foote Capital Mortgage Company Rates, Fees & Info

Carlisle, PA

LEI: 549300A6NF3MQMOHKJ20

Tax ID: 20-4094899

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Foote Capital Mortgage Company is a smaller mortgage company specializing in Home Purchase 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 by origination volume include: Harrisburg, York, Gettysburg, Chambersburg, and Lancaster among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Foote Capital Mortgage Company 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. Foote Capital Mortgage Company is typically a low 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.

    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 6.72% 5/4/24
    30 Year Conventional Refi 6.38% 5/4/24
    30 Year Cash-out Refi 6.43% 5/4/24
    30 Year FHA Purchase 7.19% 5/4/24
    30 Year FHA Refi 6.27% 5/4/24
    30 Year VA Purchase 6.20% 5/4/24
    30 Year USDA Purchase 6.79% 5/4/24
    15 Year Conventional Purchase 5.88% 5/4/24
    15 Year Conventional Refi 6.05% 5/4/24
    15 Year Cash-out Refi 6.05% 5/4/24
    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.

    Foote Capital Mortgage Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Foote Capital Mortgage Company. 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

    105

    Origination Dollar Volume (All Markets)

    $19,615,000
    Show all (5) awards

    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
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 93 $17,285,000 $185,860 $4,023 4.77%
    YORK-HANOVER, PA (FHA|USDA|VA) 4 $850,000 $212,500 $5,728 4.54%
    GETTYSBURG, PA (FHA|USDA|VA) 3 $765,000 $255,000 $4,858 4.71%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $350,000 $175,000 $977 4.38%
    LANCASTER, PA (FHA|USDA|VA) 1 $215,000 $215,000 $1,159 4.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $5,348 4.88%
    LEBANON, PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,352 4.88%
    Foote Capital Mortgage Company's top markets include Harrisburg, York, Gettysburg, Chambersburg, and Lancaster among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Foote Capital Mortgage Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    POINT BREEZE
    Similarity Rank: 36
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 342
    Mid Penn Bank
    Similarity Rank: 540
    The Gratz Bank
    Similarity Rank: 612
    Foote Capital Mortgage Company
    Similarity Rank: 644
    HOWARD HANNA FINANCIAL SERVICES, INC.
    Similarity Rank: 660
    ACNB Bank
    Similarity Rank: 696
    PEOPLESBANK, A CODORUS VALLEY COMPANY
    Similarity Rank: 1456
    AMERICAN FEDERAL MORTGAGE CORPORATION
    Similarity Rank: 1520
    Mortgage One Solutions, Inc.
    Similarity Rank: 1768

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $12,180,000 $184,545 $3,455 4.87%
    FHA 21 $3,605,000 $171,667 $5,482 4.57%
    VA 15 $3,335,000 $222,333 $4,840 4.57%
    USDA 3 $495,000 $165,000 $2,677 4.55%

    For 2018, Foote Capital Mortgage Company's most frequently originated type of loan was Conventional, with 66 originations. Their 2nd most popular type was FHA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 99 $18,615,000 $188,030 $4,013 4.74%
    Other 3 $335,000 $111,667 $4,892 5.08%
    Cash Out Refi 2 $520,000 $260,000 $3,721 5.00%
    Refi 1 $145,000 $145,000 $6,017 4.88%

    For 2018, Foote Capital Mortgage Company's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Other, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 99 $18,775,000 $189,646 $4,071 4.78%
    15 Year 4 $510,000 $127,500 $3,946 4.53%
    10 Year 2 $330,000 $165,000 $3,369 4.25%

    For 2018, Foote Capital Mortgage Company's most frequently cited loan duration was 30 Year, with 99 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 80 $16,190,000 $202,375
    $1k-2k 6 $650,000 $108,333
    $2k-3k 6 $880,000 $146,667
    $5k+ 2 $380,000 $190,000
    $3k-4k 1 $145,000 $145,000
    $4k-5k 1 $235,000 $235,000

    Foote Capital Mortgage Company's average total fees were $4,071, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 80 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 81 $15,955,000 $196,975
    5-6% 20 $2,830,000 $141,500
    3-4% 4 $830,000 $207,500

    During 2018, Foote Capital Mortgage Company's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 52 $7,810,000 $150,192 $3,693 4.81%
    $200k-400k 37 $9,385,000 $253,649 $4,354 4.60%
    $100,000 or less 13 $1,135,000 $87,308 $4,278 5.02%
    $400k-600k 3 $1,285,000 $428,333 $5,169 4.63%

    2018 saw Foote Capital Mortgage Company place emphasis on $100k-200k loans with 52 originations, totaling $7,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 34 $5,700,000 $167,647 $3,618 4.81%
    $100k-150k 23 $5,305,000 $230,652 $4,064 4.71%
    $50k or less 20 $2,470,000 $123,500 $4,392 4.83%
    $75k-100k 20 $3,820,000 $191,000 $4,398 4.71%
    $150k-250k 7 $2,115,000 $302,143 $4,633 4.68%
    $250k+ 1 $205,000 $205,000 $1,559 4.13%

    Foote Capital Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 23 $4,235,000 $184,130 $4,290 4.72%
    20-30% 19 $3,225,000 $169,737 $3,848 4.82%
    50-60% 9 $1,635,000 $181,667 $5,823 4.61%
    40% 6 $1,230,000 $205,000 $3,287 4.71%
    38% 5 $925,000 $185,000 $3,740 4.93%
    44% 5 $1,205,000 $241,000 $5,610 4.93%
    36% 5 $1,235,000 $247,000 $3,352 4.78%
    <20% 5 $825,000 $165,000 $1,287 4.78%
    48% 4 $650,000 $162,500 $4,702 4.75%
    37% 4 $600,000 $150,000 $2,911 4.84%
    46% 3 $695,000 $231,667 $1,751 4.83%
    39% 3 $815,000 $271,667 $3,488 4.68%
    41% 3 $355,000 $118,333 $3,222 4.83%
    47% 3 $595,000 $198,333 $3,618 4.71%
    >60% 2 $320,000 $160,000 $6,650 4.44%
    42% 2 $500,000 $250,000 $5,468 4.31%
    49% 2 $350,000 $175,000 $4,011 4.94%
    45% 1 $95,000 $95,000 $3,800 5.38%
    43% 1 $125,000 $125,000 $5,180 4.38%

    Foote Capital Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 23 originations. The next most common DTI ratio? 20-30%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 98 $18,650,000 $190,306 $4,092 4.76%
    Black 5 $635,000 $127,000 $3,775 4.55%
    Asian 2 $330,000 $165,000 $2,798 4.94%

    Approval Rates

    Total approvals of all applications
    88.03%

    Foote Capital Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.62%

    Foote Capital Mortgage Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 105 $19,615,000 $186,810

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $85,000 $85,000
    Single Family (1-4 Units):Site-Built 104 $19,530,000 $187,788

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 4 $430,000 $107,500 $3,956 4.78%
    60-80% 23 $3,265,000 $141,957 $4,173 4.93%
    80-100% 77 $15,545,000 $201,883 $3,913 4.71%
    Over 100% 1 $375,000 $375,000 $12,447 4.25%