Mortgage Capital Partners Rates, Fees & Info

SAN DIEGO, CA

LEI: 549300D3LYUX1NJVC329

Tax ID: 26-2637667

3.1 stars - out of 5 stars, based on 43 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Mortgage Capital Partners is a small mortgage company specializing in Refi and Home Purchase loans. Mortgage Capital Partners 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.) Their top markets include Los Angeles, Riverside, Oxnard, San Francisco, and Santa Maria among others. Mortgage Capital Partners has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mortgage Capital Partners is typically a high fee lendor.


Originations

1,868

Origination Dollar Volume (All Markets)

$1,207,000,000

Awards

MORTGAGE CAPITAL PARTNERS  FHA Loans gold
Show all (1) awards

Relative Rate

Mortgage Capital Partners 's average 30 year fixed rate mortgage of loans were 3.1%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.05%.

Relative Fees

Mortgage Capital Partners 's average total fees for a 30 year fixed rate mortgage are $6,837.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,598 $1,077,480,000 $674,268 $6,837 3.07%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 97 $38,475,000 $396,649 $5,752 3.12%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 47 $28,825,000 $613,298 $6,273 3.07%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 14 $12,090,000 $863,571 $6,879 3.08%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 8 $8,180,000 $1,022,500 $8,429 3.12%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 14 $6,950,000 $496,429 $7,274 3.06%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 13 $6,905,000 $531,154 $6,389 3.08%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $5,040,000 $840,000 $5,434 3.28%
BAKERSFIELD, CA (FHA|USDA|VA) 18 $4,640,000 $257,778 $5,562 3.15%
Outside of Metro Areas 7 $3,795,000 $542,143 $4,545 3.17%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 15 $3,225,000 $215,000 $5,968 2.98%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $2,880,000 $480,000 $6,021 2.90%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,365,000 $455,000 $5,032 2.79%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $830,000 $415,000 $5,183 2.44%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $815,000 $271,667 $2,748 2.92%
VALLEJO, CA (FHA|USDA|VA) 2 $670,000 $335,000 $5,790 2.88%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $580,000 $290,000 $7,858 2.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $5,012 3.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,575 3.38%
GREELEY, CO (FHA|USDA|VA) 1 $435,000 $435,000 $3,550 3.50%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $425,000 $425,000 $5,615 3.00%
MODESTO, CA (FHA|USDA|VA) 1 $415,000 $415,000 $7,621 2.63%
CHICO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,816 2.99%
POCATELLO, ID (FHA|USDA|VA) 1 $255,000 $255,000 $4,260 3.25%
Sonora, CA (FHA|USDA|VA) 1 $245,000 $245,000 $12,050 2.75%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $235,000 $235,000 $9,846 2.00%
FRESNO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $2,785 2.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,193 2.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $6,402 2.99%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $185,000 $185,000 $4,520 3.50%

Mortgage Capital Partners 's top markets include Los Angeles, Riverside, Oxnard, San Francisco, and Santa Maria among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,841 $1,192,175,000 $647,569 $6,644 3.07%
VA 16 $8,760,000 $547,500 $9,770 2.70%
FHA 11 $6,065,000 $551,364 $14,827 2.68%

For the 2021 period, Mortgage Capital Partners 's most frequently originated loan type of loans were Conventional, with 1,841 originations. Their 2nd most popular type is VA, with 16 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,103 $657,455,000 $596,061 $5,566 3.04%
Home Purchase 765 $549,545,000 $718,359 $8,382 3.11%

For the 2021, Mortgage Capital Partners 's most frequently cited loan purpose of loans were Refi, with 1,103 originations. The 2nd most popular reason of loans were Home Purchase, with 765 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,758 $1,159,810,000 $659,733 $6,837 3.10%
15 Year 80 $31,150,000 $389,375 $4,530 2.54%
20 Year 25 $13,715,000 $548,600 $5,681 2.85%
Other 3 $1,575,000 $525,000 $4,774 2.83%
10 Year 2 $750,000 $375,000 $6,545 2.25%

For the 2021, Mortgage Capital Partners 's most frequently cited loan length of loans were 30 Year, with 1,758 originations. The 2nd most popular length of loans were 15 Year, with 80 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,129 $720,395,000 $638,082
$5k+ 309 $257,635,000 $833,770
$3k-4k 231 $129,535,000 $560,758
$2k-3k 191 $95,465,000 $499,817
$<1k 7 $3,685,000 $526,429

$6,837 of loans were Mortgage Capital Partners 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,129 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 910 $614,040,000 $674,769
2.5-3% 876 $558,860,000 $637,968
<2.5% 82 $34,100,000 $415,854

During 2021, Mortgage Capital Partners 's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 3-4%, with 910 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 589 $292,735,000 $497,003 $5,656 3.03%
$600k-1MM 584 $447,190,000 $765,736 $7,509 3.13%
$200k-400k 410 $128,880,000 $314,341 $4,957 3.01%
$1MM+ 235 $329,965,000 $1,404,106 $11,015 3.11%
$100k-200k 49 $8,145,000 $166,224 $4,267 3.03%
$100,000 or less 1 $85,000 $85,000 $3,973 2.88%

2021 saw Mortgage Capital Partners place emphasis on $400k-600k loans with 589 originations, totaling $292,735,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 556 $375,670,000 $675,665 $6,840 3.08%
$100k-150k 479 $246,025,000 $513,622 $6,034 3.06%
$250k+ 453 $442,235,000 $976,236 $8,479 3.11%
$75k-100k 205 $88,665,000 $432,512 $5,476 2.99%
$50k-75k 136 $43,610,000 $320,662 $4,946 3.01%
$50k or less 39 $10,795,000 $276,795 $5,698 3.09%

Mortgage Capital Partners lent most frequently to those with incomes in the $150k-250k range, with 556 originations. The second most popular income band? $100k-150k, with 479 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 317 $208,495,000 $657,713 $6,420 3.06%
30-36% 302 $207,550,000 $687,252 $7,074 3.04%
<20% 115 $70,735,000 $615,087 $5,997 2.93%
42% 105 $74,425,000 $708,810 $7,394 3.11%
44% 94 $60,460,000 $643,191 $6,380 3.08%
43% 88 $60,830,000 $691,250 $6,732 3.07%
49% 85 $42,685,000 $502,176 $6,440 3.10%
45% 80 $46,410,000 $580,125 $6,657 3.09%
48% 77 $41,635,000 $540,714 $6,670 3.15%
40% 75 $53,435,000 $712,467 $7,362 3.04%
36% 74 $49,210,000 $665,000 $6,570 3.07%
38% 74 $54,500,000 $736,486 $7,262 3.10%
50-60% 72 $38,870,000 $539,861 $7,475 3.06%
46% 64 $31,990,000 $499,844 $5,800 3.07%
39% 64 $44,050,000 $688,281 $6,874 3.08%
47% 63 $37,295,000 $591,984 $6,365 3.12%
37% 61 $43,935,000 $720,246 $6,655 3.10%
41% 58 $40,490,000 $698,103 $6,849 3.13%

Mortgage Capital Partners lent most frequently to those with DTI ratios of 20-30%, with 317 originations. The next most common DTI ratio? 30-36%, with 302 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,319 $825,885,000 $626,145 $6,569 3.07%
Not provided 437 $304,875,000 $697,654 $7,217 3.05%
Asian 87 $59,915,000 $688,678 $6,709 3.04%
Black 19 $13,315,000 $700,789 $6,513 3.08%
Native Hawaiian 3 $1,685,000 $561,667 $4,942 2.92%
American Indian 3 $1,325,000 $441,667 $3,756 2.91%

Approval Rates

Total approvals of all applications
99.66%

Mortgage Capital Partners 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
61.04%

Mortgage Capital Partners 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
NA 1,868 $1,207,000,000 $646,146

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,868 $1,207,000,000 $646,146

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 251 $111,765,000 $445,279 $5,267 2.97%
40-60% 468 $273,750,000 $584,936 $5,847 3.01%
60-80% 721 $533,175,000 $739,494 $7,170 3.12%
80-100% 384 $273,780,000 $712,969 $8,035 3.12%
Over 100% 3 $1,655,000 $551,667 $18,677 2.67%
Under 20% 41 $12,875,000 $314,024 $4,469 2.94%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
MORTGAGE CENTER, LC FHA mortgage Closing on a mortgage 1 100.0%