Best Capital Funding Mortgage Rates, Fees & Info
Glendale, CALEI: 549300CEGZGHVQG0OD32
Tax ID: 26-2593704
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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 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% | 3/25/24 |
| 30 Year Conventional Refi | 6.37% | 3/25/24 |
| 30 Year Cash-out Refi | 6.75% | 3/25/24 |
| 30 Year FHA Purchase | 7.45% | 3/25/24 |
| 30 Year FHA Refi | 6.88% | 3/25/24 |
| 30 Year VA Purchase | 6.30% | 3/25/24 |
| 15 Year Conventional Purchase | 5.95% | 3/25/24 |
| 15 Year Conventional Refi | 5.82% | 3/25/24 |
| 15 Year Cash-out Refi | 5.82% | 3/25/24 |
| 15 Year FHA Purchase | 5.68% | 3/25/24 |
| 15 Year FHA Refi | 5.68% | 3/25/24 |
| 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. | ||
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
2,505Origination Dollar Volume (All Markets)
$854,595,000Awards
BEST CAPITAL FUNDING - 2021
BEST CAPITAL FUNDING is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for BEST CAPITAL FUNDING?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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, KY (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% |
| Española, 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% |
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.
Similarity Rank: 140
Similarity Rank: 167
Similarity Rank: 354
Similarity Rank: 378
Similarity Rank: 405
Similarity Rank: 488
Similarity Rank: 525
Similarity Rank: 560
Similarity Rank: 575
Similarity Rank: 624
Product Mix
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
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
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
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
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
2021 saw Best Capital Funding place emphasis on $200k-400k loans with 1,264 originations, totaling $376,050,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.74%
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 origination36.01%
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 |
LTV Distribution
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% |