Foote Capital Mortgage Company Rates, Fees & Info
Carlisle, PALEI: 549300A6NF3MQMOHKJ20
Tax ID: 20-4094899
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Mortgage Data
Review & Overview
Foote Capital Mortgage Company is a smaller mortgage company specializing in Refi and Home Purchase loans. Foote Capital Mortgage Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Harrisburg, York, Chambersburg, Lancaster, and Gettysburg among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Foote Capital Mortgage Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Foote Capital Mortgage Company is typically an average 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 | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
309Origination Dollar Volume (All Markets)
$65,145,000Awards
Foote Capital Mortgage Company - 2020
Foote Capital Mortgage Company is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 259 | $54,025,000 | $208,591 | $4,414 | 2.95% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 19 | $4,645,000 | $244,474 | $4,659 | 2.85% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 11 | $2,325,000 | $211,364 | $4,458 | 2.93% |
| LANCASTER, PA (FHA|USDA|VA) | 8 | $1,700,000 | $212,500 | $3,565 | 2.84% |
| GETTYSBURG, PA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $5,393 | 2.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,498 | 2.69% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,066 | 2.88% |
| Bradford, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,715 | 2.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,747 | 2.75% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,591 | 3.63% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,827 | 2.75% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,783 | 2.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,442 | 2.88% |
Their top states include:
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.
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Product Mix
For 2020, Foote Capital Mortgage Company's most frequently originated type of loan was Conventional, with 254 originations. Their 2nd most popular type was VA, with 31 originations.
Loan Reason
For 2020, Foote Capital Mortgage Company's most frequently cited loan purpose was Refi, with 155 originations. The 2nd most popular reason was Home Purchase, with 94 originations.
Loan Duration/Length
For 2020, Foote Capital Mortgage Company's most frequently cited loan duration was 30 Year, with 201 originations. The 2nd most popular length was 15 Year, with 70 originations.
Origination Fees/Closing Costs
Foote Capital Mortgage Company's average total fees were $4,719, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 215 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 174 | $36,490,000 | $209,713 |
| 3-4% | 78 | $15,640,000 | $200,513 |
| <2.5% | 50 | $12,180,000 | $243,600 |
| 4-5% | 5 | $555,000 | $111,000 |
| 5-6% | 2 | $280,000 | $140,000 |
During 2020, Foote Capital Mortgage Company's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 174 originations.
Loan Sizing
2020 saw Foote Capital Mortgage Company place emphasis on $100k-200k loans with 150 originations, totaling $22,890,000 in origination value.
Applicant Income
Foote Capital Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $50k-75k, with 78 originations.
Applicant Debt to Income Ratio
Foote Capital Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 101 originations. The next most common DTI ratio? 30-36%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.92%
Foote Capital Mortgage Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.50%
Foote Capital Mortgage Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 309 | $65,145,000 | $210,825 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 309 | $65,145,000 | $210,825 |