Best Capital Funding Mortgage Rates, Fees & Info

Glendale, CA

LEI: 549300CEGZGHVQG0OD32

Tax ID: 26-2593704

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

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Mortgage Data

Review & Overview

Best Capital Funding is a small 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. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, San Francisco, and Las Vegas among others. We have data for 131 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 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.93% 2/22/25
30 Year Conventional Refi 6.37% 2/22/25
30 Year Cash-out Refi 6.75% 2/22/25
30 Year FHA Purchase 7.45% 2/22/25
30 Year FHA Refi 6.88% 2/22/25
30 Year VA Purchase 6.30% 2/22/25
15 Year Conventional Purchase 5.95% 2/22/25
15 Year Conventional Refi 5.82% 2/22/25
15 Year Cash-out Refi 5.82% 2/22/25
15 Year FHA Purchase 5.68% 2/22/25
15 Year FHA Refi 5.68% 2/22/25
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.

Best Capital Funding Mortgage Calculator






Your Estimates

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

This is not an official calculator from Best Capital Funding. 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

3,401

Origination Dollar Volume (All Markets)

$1,212,815,000
Show all (12) 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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,263 $543,575,000 $430,384 $6,859 3.28%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 723 $238,045,000 $329,246 $7,147 3.30%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 115 $45,675,000 $397,174 $4,718 2.93%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 101 $41,275,000 $408,663 $5,789 3.10%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 140 $41,070,000 $293,357 $6,131 3.23%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 124 $34,090,000 $274,919 $7,122 3.26%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 52 $22,490,000 $432,500 $4,086 3.02%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 47 $16,615,000 $353,511 $3,889 2.77%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 48 $14,830,000 $308,958 $3,784 2.93%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 60 $14,200,000 $236,667 $6,122 3.26%
FRESNO, CA (FHA|USDA|VA) 44 $11,750,000 $267,045 $6,387 3.01%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 37 $11,335,000 $306,351 $4,272 2.96%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 34 $11,240,000 $330,588 $6,149 2.99%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 36 $11,170,000 $310,278 $6,058 2.99%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 25 $8,405,000 $336,200 $5,606 3.20%
LOUISVILLE, KY (FHA|USDA|VA) 35 $8,315,000 $237,571 $4,336 2.78%
MODESTO, CA (FHA|USDA|VA) 31 $8,135,000 $262,419 $4,715 2.97%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 23 $6,485,000 $281,957 $7,925 3.01%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 27 $6,225,000 $230,556 $4,664 3.08%
BAKERSFIELD, CA (FHA|USDA|VA) 27 $5,875,000 $217,593 $5,062 3.43%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 13 $5,595,000 $430,385 $5,745 2.86%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 26 $5,590,000 $215,000 $6,321 3.08%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 14 $5,430,000 $387,857 $6,074 3.17%
SANTA FE, NM (FHA|USDA|VA) 17 $5,325,000 $313,235 $6,737 2.93%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 16 $5,090,000 $318,125 $4,545 3.07%
STOCKTON, CA (FHA|USDA|VA) 15 $4,735,000 $315,667 $6,472 3.29%
MEDFORD, OR (FHA|USDA|VA) 12 $4,030,000 $335,833 $4,181 2.92%
Outside of Metro Areas 12 $3,950,000 $329,167 $4,616 3.10%
RENO, NV (FHA|USDA|VA) 10 $3,600,000 $360,000 $6,376 2.78%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $2,910,000 $363,750 $6,251 2.91%
VALLEJO, CA (FHA|USDA|VA) 8 $2,900,000 $362,500 $5,952 3.70%
ALBUQUERQUE, NM (FHA|USDA|VA) 14 $2,560,000 $182,857 $4,021 2.88%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 8 $2,420,000 $302,500 $6,235 3.09%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,410,000 $301,250 $6,444 2.91%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 10 $2,260,000 $226,000 $5,077 3.23%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 10 $2,220,000 $222,000 $5,401 3.79%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 10 $2,070,000 $207,000 $2,774 2.70%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $2,010,000 $335,000 $6,000 4.60%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $1,895,000 $270,714 $4,878 2.88%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $1,870,000 $233,750 $6,999 3.25%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 5 $1,815,000 $363,000 $9,212 2.55%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,675,000 $335,000 $6,361 3.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,660,000 $276,667 $6,037 2.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,600,000 $266,667 $8,498 3.21%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 5 $1,335,000 $267,000 $4,769 3.00%
Roseburg, OR (FHA|USDA|VA) 6 $1,210,000 $201,667 $4,972 3.17%
VISALIA, CA (FHA|USDA|VA) 4 $1,150,000 $287,500 $6,046 2.72%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,115,000 $223,000 $5,426 2.95%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $1,070,000 $267,500 $7,964 3.53%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $10,618 3.25%
Coos Bay, OR (FHA|USDA|VA) 3 $965,000 $321,667 $4,224 2.83%
SALEM, OR (FHA|USDA|VA) 3 $905,000 $301,667 $8,172 3.71%
Natchitoches, LA (FHA|USDA|VA) 5 $885,000 $177,000 $6,702 4.08%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $855,000 $122,143 $4,104 3.05%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $810,000 $405,000 $4,196 3.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $760,000 $190,000 $4,829 3.15%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $735,000 $245,000 $4,103 3.25%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $735,000 $245,000 $9,587 2.58%
TUCSON, AZ (FHA|USDA|VA) 2 $720,000 $360,000 $5,793 3.13%
MIDLAND, TX (FHA|USDA|VA) 2 $650,000 $325,000 $10,783 3.06%
MERCED, CA (FHA|USDA|VA) 2 $610,000 $305,000 $5,622 2.88%
WACO, TX (FHA|USDA|VA) 2 $570,000 $285,000 $9,204 3.13%
EspaƱola, NM (FHA|USDA|VA) 2 $570,000 $285,000 $8,929 2.75%
BEND, OR (FHA|USDA|VA) 2 $570,000 $285,000 $3,656 3.06%
Brookings, OR (FHA|USDA|VA) 2 $560,000 $280,000 $3,949 3.69%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $530,000 $132,500 $3,470 3.16%
SALINAS, CA (FHA|USDA|VA) 2 $520,000 $260,000 $5,559 3.69%
OCALA, FL (FHA|USDA|VA) 2 $490,000 $245,000 $6,986 2.94%
TYLER, TX (FHA|USDA|VA) 2 $470,000 $235,000 $6,921 3.94%
ODESSA, TX (FHA|USDA|VA) 3 $455,000 $151,667 $5,102 3.42%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $450,000 $225,000 $10,481 3.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $445,000 $445,000 $3,456 2.88%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $440,000 $220,000 $5,930 3.50%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 3 $435,000 $145,000 $6,526 4.42%
CHICO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $18,509 2.38%
NAPA, CA (FHA|USDA|VA) 1 $425,000 $425,000 $7,082 2.75%
CORVALLIS, OR (FHA|USDA|VA) 1 $425,000 $425,000 $3,519 2.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $415,000 $415,000 $4,226 3.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $415,000 $415,000 $6,373 2.38%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $4,505 2.50%
Centralia, WA (FHA|USDA|VA) 2 $380,000 $190,000 $3,084 3.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $360,000 $180,000 $7,833 3.38%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $345,000 $345,000 $3,639 2.88%
Athens, TX (FHA|USDA|VA) 1 $345,000 $345,000 $5,646 2.50%
FARMINGTON, NM (FHA|USDA|VA) 1 $335,000 $335,000 $6,897 3.75%
Los Alamos, NM (FHA|USDA|VA) 1 $325,000 $325,000 $10,986 2.63%
REDDING, CA (FHA|USDA|VA) 1 $315,000 $315,000 $3,510 3.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $310,000 $155,000 $2,108 2.81%
Fallon, NV (FHA|USDA|VA) 2 $310,000 $155,000 $5,639 3.88%
MADERA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $4,409 2.63%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $305,000 $305,000 $7,571 3.00%
DALTON, GA (FHA|USDA|VA) 1 $295,000 $295,000 $4,183 2.88%
Durango, CO (FHA|USDA|VA) 1 $295,000 $295,000 $6,583 2.88%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $295,000 $295,000 $2,735 3.38%
COLUMBUS, OH (FHA|USDA|VA) 2 $290,000 $145,000 $5,612 3.44%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $275,000 $275,000 $2,963 2.88%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $275,000 $275,000 $2,445 2.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $265,000 $265,000 $11,014 2.38%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $260,000 $130,000 $2,900 3.38%
GREELEY, CO (FHA|USDA|VA) 1 $255,000 $255,000 $4,334 2.75%
EL CENTRO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,530 2.25%
Ukiah, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,004 3.13%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $245,000 $245,000 $7,624 3.50%
Bogalusa, LA (FHA|USDA|VA) 2 $240,000 $120,000 $3,389 4.50%
Jefferson, GA (FHA|USDA|VA) 1 $235,000 $235,000 $5,703 3.00%
EL PASO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $11,079 3.75%
Winnemucca, NV (FHA|USDA|VA) 1 $225,000 $225,000 $5,444 3.38%
Pahrump, NV (FHA|USDA|VA) 1 $205,000 $205,000 $13,424 3.63%
BELLINGHAM, WA (FHA|USDA|VA) 1 $205,000 $205,000 $5,283 3.88%
Bardstown, KY (FHA|USDA|VA) 1 $205,000 $205,000 $2,108 2.75%
London, KY (FHA|USDA|VA) 1 $205,000 $205,000 $3,385 2.50%
Granbury, TX (FHA|USDA|VA) 1 $195,000 $195,000 $8,399 3.50%
VICTORIA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,903 2.88%
The Dalles, OR (FHA|USDA|VA) 1 $195,000 $195,000 $4,630 3.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,551 2.63%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $185,000 $185,000 $2,460 3.00%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $185,000 $185,000 $8,775 3.63%
Clearlake, CA (FHA|USDA|VA) 1 $185,000 $185,000 $2,900 3.25%
YUMA, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $5,866 3.63%
Show Low, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $5,257 4.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $5,748 3.88%
SAVANNAH, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,836 3.00%
Norwalk, OH (FHA|USDA|VA) 1 $165,000 $165,000 $6,914 3.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,560 2.50%
LAFAYETTE, LA (FHA|USDA|VA) 1 $145,000 $145,000 $10,277 3.38%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $7,692 3.00%
Stephenville, TX (FHA|USDA|VA) 1 $135,000 $135,000 $7,786 3.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $10,658 4.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,462 2.88%
LONGVIEW, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,716 3.88%
Durant, OK (FHA|USDA|VA) 1 $55,000 $55,000 $4,059 3.13%
Best Capital Funding's top markets include Los Angeles, Riverside, San Diego, San Francisco, and Las Vegas among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,883 $1,034,795,000 $358,930 $5,634 3.22%
    FHA 439 $147,605,000 $336,230 $11,251 3.22%
    VA 79 $30,415,000 $385,000 $7,236 2.99%

    For 2020, Best Capital Funding's most frequently originated type of loan was Conventional, with 2,883 originations. Their 2nd most popular type was FHA, with 439 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,653 $578,435,000 $349,930 $5,088 2.99%
    Home Purchase 892 $337,000,000 $377,803 $8,890 3.48%
    Cash Out Refi 856 $297,380,000 $347,407 $6,328 3.35%

    For 2020, Best Capital Funding's most frequently cited loan purpose was Refi, with 1,653 originations. The 2nd most popular reason was Home Purchase, with 892 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,045 $1,112,795,000 $365,450 $6,628 3.26%
    15 Year 219 $59,015,000 $269,475 $4,441 2.65%
    20 Year 97 $27,965,000 $288,299 $4,282 2.93%
    Other 30 $10,160,000 $338,667 $4,447 2.90%
    10 Year 9 $2,305,000 $256,111 $4,164 2.56%
    30+ year 1 $575,000 $575,000 $15,967 4.98%

    For 2020, Best Capital Funding's most frequently cited loan duration was 30 Year, with 3,045 originations. The 2nd most popular length was 15 Year, with 219 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,332 $476,870,000 $358,011
    $5k+ 691 $293,145,000 $424,233
    $<1k 527 $177,045,000 $335,949
    $3k-4k 303 $90,985,000 $300,281
    $2k-3k 288 $89,960,000 $312,361
    $4k-5k 257 $83,595,000 $325,272

    Best Capital Funding's average total fees were $6,628, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,332 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,415 $498,585,000 $352,357
    3-4% 1,267 $456,375,000 $360,201
    <2.5% 354 $120,900,000 $341,525
    4-5% 315 $119,085,000 $378,048
    5-6% 47 $16,745,000 $356,277
    6-7% 2 $770,000 $385,000
    Over 8% 1 $355,000 $355,000

    During 2020, Best Capital Funding's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,415 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,720 $519,460,000 $302,012 $5,981 3.18%
    $400k-600k 1,034 $488,570,000 $472,505 $6,973 3.19%
    $100k-200k 416 $66,790,000 $160,553 $4,665 3.25%
    $600k-1MM 191 $132,385,000 $693,115 $11,147 3.49%
    $100,000 or less 38 $3,160,000 $83,158 $3,797 3.42%
    $1MM+ 2 $2,450,000 $1,225,000 $21,998 4.44%

    2020 saw Best Capital Funding place emphasis on $200k-400k loans with 1,720 originations, totaling $519,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 919 $368,775,000 $401,279 $6,950 3.23%
    $75k-100k 746 $252,050,000 $337,869 $6,303 3.23%
    $50k-75k 638 $176,270,000 $276,285 $6,178 3.25%
    $150k-250k 565 $244,445,000 $432,646 $6,209 3.20%
    $50k or less 382 $100,150,000 $262,173 $6,162 3.13%
    $250k+ 151 $71,125,000 $471,026 $5,713 3.07%

    Best Capital Funding lent most frequently to those with incomes in the $100k-150k range, with 919 originations. The second most popular income band? $75k-100k, with 746 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $8,520,000 $387,273 $6,021 3.83%
    30-36% 17 $6,085,000 $357,941 $8,307 3.83%
    44% 16 $6,090,000 $380,625 $8,082 3.97%
    40% 9 $3,245,000 $360,556 $7,632 3.69%
    42% 7 $2,425,000 $346,429 $7,930 3.71%
    37% 6 $1,980,000 $330,000 $7,814 3.98%
    43% 6 $2,410,000 $401,667 $8,578 3.60%
    <20% 5 $1,545,000 $309,000 $5,864 3.58%
    46% 5 $1,535,000 $307,000 $9,188 3.83%
    36% 4 $1,190,000 $297,500 $4,135 3.88%
    45% 4 $1,230,000 $307,500 $7,517 3.41%
    49% 4 $710,000 $177,500 $6,584 3.84%
    50-60% 3 $825,000 $275,000 $9,195 3.67%
    39% 2 $660,000 $330,000 $5,498 3.50%
    41% 2 $520,000 $260,000 $5,312 3.38%
    38% 2 $440,000 $220,000 $6,952 3.81%
    47% 2 $950,000 $475,000 $11,834 4.06%
    48% 2 $940,000 $470,000 $7,681 4.59%

    Best Capital Funding lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,215 $773,355,000 $349,144 $6,365 3.19%
    Asian 733 $286,305,000 $390,593 $5,987 3.21%
    Not provided 279 $89,275,000 $319,982 $6,761 3.37%
    Black 141 $51,775,000 $367,199 $8,213 3.24%
    Native Hawaiian or Islander 12 $4,240,000 $353,333 $5,789 3.07%
    American Indian 7 $2,585,000 $369,286 $6,231 2.86%
    Vietnamese 4 $1,880,000 $470,000 $5,594 3.53%
    Filipino 3 $1,485,000 $495,000 $12,594 4.00%
    Chinese 4 $730,000 $182,500 $6,192 2.75%
    Samoan 1 $505,000 $505,000 $11,269 2.50%
    Asian Indian 1 $485,000 $485,000 $9,125 2.88%
    Other Pacific Islander 1 $195,000 $195,000 $5,176 3.00%

    Approval Rates

    Total approvals of all applications
    99.90%

    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
    50.19%

    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
    0.0 1 $355,000 $355,000
    7045.0 1 $535,000 $535,000
    NA 3,399 $1,211,925,000 $356,553

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 37 $7,255,000 $196,081
    Single Family (1-4 Units):Site-Built 3,364 $1,205,560,000 $358,371

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $805,000 $268,333 $4,423 3.83%
    40-60% 17 $5,565,000 $327,353 $5,709 3.63%
    60-80% 53 $18,675,000 $352,358 $6,572 3.84%
    80-100% 57 $20,605,000 $361,491 $9,151 3.73%
    Under 20% 1 $455,000 $455,000 $3,830 2.63%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Best Capital Funding Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Best Capital Funding Conventional home mortgage Closing on a mortgage 1 33.3%
    Best Capital Funding Conventional home mortgage Trouble during payment process 1 33.3%