Foote Capital Mortgage Company Rates, Fees & Info
Carlisle, PALEI: 549300A6NF3MQMOHKJ20
Tax ID: 20-4094899
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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, Chambersburg, Gettysburg, and Scranton among others. We have data for 6 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
66Origination Dollar Volume (All Markets)
$16,370,000Top 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 |
|---|---|---|---|---|---|
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 52 | $13,010,000 | $250,192 | $7,620 | 6.81% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $9,793 | 6.54% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $7,993 | 6.59% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,989 | 7.31% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $17,233 | 6.63% |
| St. Marys, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,577 | 7.38% |
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.
Similarity Rank: 64
Similarity Rank: 144
Similarity Rank: 225
Similarity Rank: 456
Similarity Rank: 564
Similarity Rank: 1400
Similarity Rank: 1566
Similarity Rank: 1645
Similarity Rank: 1652
Similarity Rank: 1920
Product Mix
For 2023, Foote Capital Mortgage Company's most frequently originated type of loan was Conventional, with 53 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
For 2023, Foote Capital Mortgage Company's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 65 | $16,185,000 | $249,000 | $7,860 | 6.81% |
| 15 Year | 1 | $185,000 | $185,000 | $10,060 | 5.75% |
For 2023, Foote Capital Mortgage Company's most frequently cited loan duration was 30 Year, with 65 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Foote Capital Mortgage Company's average total fees were $7,860, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 14 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 37 | $8,855,000 | $239,324 |
| 7-8% | 23 | $5,815,000 | $252,826 |
| 5-6% | 6 | $1,700,000 | $283,333 |
During 2023, Foote Capital Mortgage Company's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 37 originations.
Loan Sizing
2023 saw Foote Capital Mortgage Company place emphasis on $200k-400k loans with 35 originations, totaling $9,265,000 in origination value.
Applicant Income
Foote Capital Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
Foote Capital Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 11 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.36%
Foote Capital Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination93.94%
Foote Capital Mortgage Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 66 | $16,370,000 | $248,030 |