Best Capital Funding Mortgage Rates, Fees & Info

Glendale, CA

LEI: 549300CEGZGHVQG0OD32

Tax ID: 26-2593704

3.2 stars - out of 5 stars, based on 50 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Best Capital Funding is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Best Capital Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Riverside, Fresno, Las Vegas, and San Luis Obispo among others. We have data for 143 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Best Capital Funding has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Best Capital Funding is typically a high 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.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.96% 12/4/22
    30 Year Conventional Refi 6.67% 12/4/22
    30 Year Cash-out Refi 6.90% 12/4/22
    30 Year FHA Purchase 7.72% 12/4/22
    30 Year FHA Refi 7.34% 12/4/22
    30 Year VA Purchase 6.83% 12/4/22
    30 Year VA Refi 6.29% 12/4/22
    15 Year Conventional Purchase 6.02% 12/4/22
    15 Year Conventional Refi 5.99% 12/4/22
    15 Year Cash-out Refi 5.99% 12/4/22
    15 Year FHA Purchase 5.76% 12/4/22
    15 Year FHA Refi 7.47% 12/4/22
    15 Year VA Refi 5.76% 12/4/22
    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.


    Originations

    2,505

    Origination Dollar Volume (All Markets)

    $854,595,000
    Show all (8) awards

    Relative Rate

    Best Capital Funding's average 30 year fixed mortgage rate was 3.04%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

    Best Capital Funding's average total fees/closing costs for a 30 year fixed rate mortgage were $6,852.

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

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 584 $261,500,000 $447,774 $7,414 3.03%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 441 $151,835,000 $344,297 $7,862 3.05%
    FRESNO, CA (FHA|USDA|VA) 174 $51,090,000 $293,621 $7,199 2.79%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 122 $36,670,000 $300,574 $6,035 3.14%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 92 $32,880,000 $357,391 $3,513 2.76%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 70 $26,990,000 $385,571 $5,420 2.94%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 93 $24,685,000 $265,430 $6,553 3.17%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 72 $21,850,000 $303,472 $3,544 2.85%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 68 $15,100,000 $222,059 $3,088 2.76%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 42 $14,220,000 $338,571 $5,475 2.96%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 31 $14,045,000 $453,065 $5,603 2.92%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 31 $11,935,000 $385,000 $7,203 2.91%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 37 $11,275,000 $304,730 $7,379 3.07%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 30 $10,270,000 $342,333 $7,457 2.98%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 39 $9,745,000 $249,872 $9,404 3.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 37 $8,105,000 $219,054 $5,619 2.90%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 28 $7,930,000 $283,214 $4,661 2.94%
    BAKERSFIELD, CA (FHA|USDA|VA) 30 $7,820,000 $260,667 $4,890 3.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 23 $7,815,000 $339,783 $6,955 3.15%
    STOCKTON, CA (FHA|USDA|VA) 22 $7,450,000 $338,636 $8,427 3.00%
    SAVANNAH, GA (FHA|USDA|VA) 14 $4,860,000 $347,143 $6,414 3.30%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 11 $4,665,000 $424,091 $5,369 3.22%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $4,595,000 $306,333 $6,501 3.43%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 12 $4,460,000 $371,667 $5,380 2.80%
    MADERA, CA (FHA|USDA|VA) 15 $4,315,000 $287,667 $8,735 2.77%
    Outside of Metro Areas 19 $4,115,000 $216,579 $3,958 2.90%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 17 $3,885,000 $228,529 $3,182 2.61%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 13 $3,755,000 $288,846 $5,440 2.68%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $3,515,000 $390,556 $11,408 3.22%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $3,385,000 $307,727 $4,747 2.76%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $3,325,000 $369,444 $8,061 3.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 7 $3,055,000 $436,429 $4,974 3.11%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 9 $2,915,000 $323,889 $6,736 2.97%
    JACKSONVILLE, FL (FHA|USDA|VA) 12 $2,740,000 $228,333 $4,877 3.18%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 9 $2,715,000 $301,667 $4,874 2.92%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $2,500,000 $625,000 $13,920 2.53%
    VALLEJO, CA (FHA|USDA|VA) 7 $2,465,000 $352,143 $6,217 3.02%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 8 $2,460,000 $307,500 $5,315 2.80%
    SANTA FE, NM (FHA|USDA|VA) 9 $2,385,000 $265,000 $7,047 3.08%
    MODESTO, CA (FHA|USDA|VA) 10 $2,060,000 $206,000 $4,576 2.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,930,000 $321,667 $6,655 3.02%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $1,785,000 $255,000 $4,570 2.77%
    VISALIA, CA (FHA|USDA|VA) 7 $1,645,000 $235,000 $6,420 2.96%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,605,000 $321,000 $6,758 2.90%
    MEDFORD, OR (FHA|USDA|VA) 6 $1,520,000 $253,333 $4,149 3.04%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 6 $1,440,000 $240,000 $3,711 3.08%
    ALBUQUERQUE, NM (FHA|USDA|VA) 8 $1,420,000 $177,500 $4,432 3.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $1,375,000 $196,429 $3,960 3.05%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $1,370,000 $228,333 $7,605 3.04%
    Roseburg, OR (FHA|USDA|VA) 5 $1,305,000 $261,000 $5,919 3.10%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 5 $1,255,000 $251,000 $2,840 2.78%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $1,160,000 $193,333 $20,637 3.19%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $1,155,000 $385,000 $5,171 2.96%
    RENO, NV (FHA|USDA|VA) 5 $1,145,000 $229,000 $6,575 2.70%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,140,000 $570,000 $11,953 3.13%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $1,025,000 $341,667 $3,042 2.96%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $980,000 $490,000 $6,050 3.50%
    EspaƱola, NM (FHA|USDA|VA) 5 $975,000 $195,000 $3,649 3.43%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $950,000 $237,500 $5,845 3.03%
    CHICO, CA (FHA|USDA|VA) 3 $795,000 $265,000 $10,060 3.54%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $775,000 $155,000 $5,037 3.18%
    YUBA CITY, CA (FHA|USDA|VA) 3 $755,000 $251,667 $6,804 2.88%
    Sevierville, TN (FHA|USDA|VA) 2 $730,000 $365,000 $10,197 3.75%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $720,000 $180,000 $8,025 3.16%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $715,000 $715,000 $3,315 2.50%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 3 $695,000 $231,667 $3,391 2.37%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $650,000 $325,000 $5,414 2.94%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $650,000 $325,000 $7,922 3.19%
    Pahrump, NV (FHA|USDA|VA) 3 $605,000 $201,667 $7,654 2.92%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $605,000 $201,667 $6,174 3.17%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 3 $585,000 $195,000 $2,406 2.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $565,000 $188,333 $6,031 2.79%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $545,000 $545,000 $5,074 2.63%
    Ellensburg, WA (FHA|USDA|VA) 2 $510,000 $255,000 $3,255 2.63%
    MERCED, CA (FHA|USDA|VA) 2 $500,000 $250,000 $6,910 3.00%
    LONGVIEW, TX (FHA|USDA|VA) 1 $475,000 $475,000 $6,625 5.45%
    SALEM, OR (FHA|USDA|VA) 1 $475,000 $475,000 $5,434 2.75%
    Payson, AZ (FHA|USDA|VA) 2 $470,000 $235,000 $8,605 3.06%
    Las Vegas, NM (FHA|USDA|VA) 2 $470,000 $235,000 $5,332 3.06%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $445,000 $445,000 $3,922 2.88%
    TULSA, OK (FHA|USDA|VA) 1 $435,000 $435,000 $23,212 2.63%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $430,000 $215,000 $2,749 2.69%
    Durango, CO (FHA|USDA|VA) 1 $425,000 $425,000 $8,483 2.63%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $425,000 $425,000 $13,142 2.75%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $420,000 $210,000 $5,302 3.38%
    Frankfort, KY (FHA|USDA|VA) 2 $420,000 $210,000 $4,451 3.25%
    Ukiah, CA (FHA|USDA|VA) 1 $415,000 $415,000 $4,990 3.38%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $405,000 $405,000 $2,798 3.25%
    Sanford, NC (FHA|USDA|VA) 1 $375,000 $375,000 $6,445 3.25%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $365,000 $365,000 $12,642 2.25%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $355,000 $355,000 $10,240 3.25%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $350,000 $175,000 $4,019 3.56%
    Port Angeles, WA (FHA|USDA|VA) 1 $325,000 $325,000 $3,532 3.25%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $320,000 $160,000 $3,466 2.13%
    Bardstown, KY (FHA|USDA|VA) 2 $320,000 $160,000 $2,321 2.75%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $320,000 $160,000 $6,763 2.31%
    ST. CLOUD, MN (FHA|USDA|VA) 2 $300,000 $150,000 $1,828 2.50%
    NAPA, CA (FHA|USDA|VA) 1 $295,000 $295,000 $8,307 2.75%
    DOVER, DE (FHA|USDA|VA) 1 $285,000 $285,000 $10,693 3.63%
    REDDING, CA (FHA|USDA|VA) 1 $285,000 $285,000 $9,475 3.50%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $285,000 $285,000 $4,525 2.75%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $280,000 $140,000 $3,684 3.13%
    Jefferson, GA (FHA|USDA|VA) 1 $275,000 $275,000 $4,636 2.88%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $265,000 $265,000 $4,202 3.25%
    Sonora, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,437 3.13%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $255,000 $255,000 $3,324 2.88%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $255,000 $255,000 $3,074 3.00%
    WENATCHEE, WA (FHA|USDA|VA) 1 $245,000 $245,000 $7,931 2.38%
    Elko, NV (FHA|USDA|VA) 1 $245,000 $245,000 $12,342 3.13%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $235,000 $235,000 $1,517 2.25%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $225,000 $225,000 $2,041 3.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,474 3.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,209 3.38%
    Winnemucca, NV (FHA|USDA|VA) 1 $225,000 $225,000 $5,306 3.38%
    Granbury, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,285 2.63%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $215,000 $215,000 $2,630 2.75%
    Winona, MN (FHA|USDA|VA) 1 $215,000 $215,000 $2,897 2.88%
    Statesboro, GA (FHA|USDA|VA) 1 $215,000 $215,000 $5,083 2.88%
    ODESSA, TX (FHA|USDA|VA) 1 $205,000 $205,000 $1,820 2.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $205,000 $205,000 $2,433 3.75%
    TUCSON, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $2,586 3.13%
    Boone, NC (FHA|USDA|VA) 1 $185,000 $185,000 $7,279 4.63%
    Paris, TN (FHA|USDA|VA) 1 $185,000 $185,000 $4,183 3.13%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $185,000 $185,000 $5,676 3.25%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $165,000 $165,000 $2,308 2.13%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,755 2.25%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $165,000 $165,000 $9,929 3.25%
    Murray, KY (FHA|USDA|VA) 1 $165,000 $165,000 $2,549 2.50%
    EL CENTRO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,317 2.75%
    YUMA, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $2,577 2.63%
    MUNCIE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $1,815 2.25%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,189 2.50%
    Newberry, SC (FHA|USDA|VA) 1 $145,000 $145,000 $5,924 2.88%
    EL PASO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,082 2.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,010 2.75%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $135,000 $135,000 $4,619 2.50%
    ROCKFORD, IL (FHA|USDA|VA) 1 $125,000 $125,000 $5,362 2.75%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $6,585 3.63%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,477 2.50%
    Show Low, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $2,960 3.38%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,675 3.25%
    COLUMBUS, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,660 2.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,245 3.00%
    Best Capital Funding's top markets include Los Angeles, Riverside, Fresno, Las Vegas, and San Luis Obispo among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

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

    SANDIA LABORATORY
    Similarity Rank: 140
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    AMOCO
    Similarity Rank: 405
    Del Norte Credit Union
    Similarity Rank: 488
    GUADALUPE CREDIT UNION
    Similarity Rank: 525
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 560
    COMMONWEALTH
    Similarity Rank: 575
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,106 $720,270,000 $342,009 $5,654 2.99%
    FHA 349 $115,165,000 $329,986 $11,918 3.00%
    VA 49 $18,795,000 $383,571 $8,063 2.68%
    FHA 1 $365,000 $365,000 $0 3.63%

    For 2021, Best Capital Funding's most frequently originated type of loan was Conventional, with 2,106 originations. Their 2nd most popular type was FHA, with 349 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,062 $336,230,000 $316,601 $4,846 2.83%
    Home Purchase 785 $298,835,000 $380,682 $9,128 3.10%
    Cash Out Refi 657 $218,985,000 $333,311 $6,320 3.11%
    Home Improvement 1 $545,000 $545,000 $5,110 3.38%

    For 2021, Best Capital Funding's most frequently cited loan purpose was Refi, with 1,062 originations. The 2nd most popular reason was Home Purchase, with 785 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,225 $786,305,000 $353,396 $6,852 3.04%
    15 Year 203 $47,975,000 $236,330 $4,095 2.43%
    20 Year 58 $15,360,000 $264,828 $4,843 2.83%
    10 Year 10 $1,650,000 $165,000 $4,444 2.48%
    Other 7 $2,405,000 $343,571 $5,283 2.98%
    30+ year 1 $645,000 $645,000 $22,446 3.88%
    5 Year 1 $255,000 $255,000 $0 8.00%

    For 2021, Best Capital Funding's most frequently cited loan duration was 30 Year, with 2,225 originations. The 2nd most popular length was 15 Year, with 203 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 840 $280,890,000 $334,393
    $5k+ 560 $241,790,000 $431,768
    $<1k 490 $154,580,000 $315,469
    $4k-5k 227 $68,375,000 $301,211
    $3k-4k 221 $60,625,000 $274,321
    $2k-3k 165 $47,715,000 $289,182

    Best Capital Funding's average total fees were $6,852, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 840 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,147 $383,605,000 $334,442
    3-4% 928 $330,280,000 $355,905
    <2.5% 382 $119,670,000 $313,272
    4-5% 41 $17,715,000 $432,073
    5-6% 5 $2,695,000 $539,000
    6-7% 1 $375,000 $375,000
    7-8% 1 $255,000 $255,000

    During 2021, Best Capital Funding's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,264 $376,050,000 $297,508 $6,185 2.96%
    $400k-600k 643 $304,925,000 $474,222 $7,364 2.98%
    $100k-200k 403 $63,435,000 $157,407 $4,555 2.96%
    $600k-1MM 138 $99,530,000 $721,232 $12,683 3.29%
    $100,000 or less 52 $4,170,000 $80,192 $3,348 3.03%
    $1MM+ 5 $6,485,000 $1,297,000 $31,142 3.95%

    2021 saw Best Capital Funding place emphasis on $200k-400k loans with 1,264 originations, totaling $376,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 620 $248,540,000 $400,871 $6,851 2.97%
    $50k-75k 543 $146,885,000 $270,506 $6,593 2.99%
    $75k-100k 524 $172,910,000 $329,981 $6,516 2.97%
    $150k-250k 345 $146,075,000 $423,406 $6,486 2.97%
    $50k or less 271 $56,415,000 $208,173 $5,857 3.08%
    $250k+ 142 $62,600,000 $440,845 $7,320 3.10%

    Best Capital Funding lent most frequently to those with incomes in the $100k-150k range, with 620 originations. The second most popular income band? $50k-75k, with 543 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 160 $49,330,000 $308,313 $5,584 3.02%
    20-30% 147 $46,485,000 $316,224 $4,985 2.97%
    <20% 66 $18,960,000 $287,273 $5,003 3.02%
    44% 57 $20,295,000 $356,053 $5,901 3.01%
    45% 48 $16,130,000 $336,042 $5,146 3.04%
    41% 42 $14,860,000 $353,810 $6,553 3.10%
    42% 40 $13,940,000 $348,500 $7,570 2.93%
    43% 39 $14,245,000 $365,256 $6,114 3.07%
    39% 38 $13,430,000 $353,421 $5,553 2.97%
    40% 38 $12,600,000 $331,579 $6,831 3.08%
    47% 38 $12,200,000 $321,053 $5,910 3.11%
    50-60% 37 $13,375,000 $361,486 $14,267 3.04%
    37% 36 $12,180,000 $338,333 $6,287 2.95%
    38% 36 $11,360,000 $315,556 $5,294 3.06%
    36% 36 $12,100,000 $336,111 $4,633 3.05%
    49% 35 $13,675,000 $390,714 $7,709 3.01%
    46% 33 $11,855,000 $359,242 $8,272 3.02%
    48% 28 $10,020,000 $357,857 $7,530 2.98%
    >60% 2 $710,000 $355,000 $11,575 3.81%

    Best Capital Funding lent most frequently to those with DTI ratios of 30-36%, with 160 originations. The next most common DTI ratio? 20-30%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,824 $616,320,000 $337,895 $6,601 2.98%
    Asian 319 $119,355,000 $374,154 $5,675 2.99%
    Not provided 197 $65,105,000 $330,482 $6,578 2.96%
    Black 128 $39,530,000 $308,828 $7,957 3.09%
    American Indian 17 $7,335,000 $431,471 $9,946 3.01%
    Native Hawaiian or Islander 10 $3,400,000 $340,000 $4,477 3.05%
    Filipino 5 $1,175,000 $235,000 $8,978 2.93%
    Other Asian 2 $1,000,000 $500,000 $9,531 3.00%
    Chinese 1 $805,000 $805,000 $4,861 3.63%
    Asian Indian 2 $570,000 $285,000 $10,417 2.88%

    Approval Rates

    Total approvals of all applications
    98.74%

    Best Capital Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    36.01%

    Best Capital Funding has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    8145.0 1 $255,000 $255,000
    NA 2,504 $854,340,000 $341,190

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,505 $854,595,000 $341,156

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 110 $25,400,000 $230,909 $4,377 2.90%
    40-60% 253 $80,845,000 $319,545 $5,100 2.94%
    60-80% 414 $148,580,000 $358,889 $6,137 3.09%
    80-100% 205 $74,705,000 $364,415 $9,015 3.02%
    Over 100% 1 $435,000 $435,000 $23,212 2.63%
    Under 20% 12 $1,580,000 $131,667 $2,930 2.75%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Best Capital Funding Conventional home mortgage Trouble during payment process 1 50.0%
    Best Capital Funding FHA mortgage Trouble during payment process 1 50.0%