Mortgage Capital Partners Rates, Fees & Info
SAN DIEGO, CALEI: 549300D3LYUX1NJVC329
Tax ID: 26-2637667
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Mortgage Data
Review & Overview
Mortgage Capital Partners is a smaller mortgage company specializing in 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 by origination volume include: Los Angeles, Riverside, Oxnard, San Diego, and Philadelphia among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Capital Partners 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. Mortgage Capital Partners 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.51% | 4/18/24 |
| 30 Year Conventional Refi | 6.45% | 4/18/24 |
| 30 Year FHA Purchase | 7.24% | 4/18/24 |
| 30 Year FHA Refi | 7.41% | 4/18/24 |
| 30 Year VA Purchase | 5.83% | 4/18/24 |
| 30 Year VA Refi | 6.21% | 4/18/24 |
| 15 Year Conventional Purchase | 5.91% | 4/18/24 |
| 15 Year Conventional Refi | 6.13% | 4/18/24 |
| 15 Year Cash-out Refi | 6.13% | 4/18/24 |
| 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. | ||
Mortgage Capital Partners Mortgage Calculator
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This is not an official calculator from Mortgage Capital Partners. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
321Origination Dollar Volume (All Markets)
$201,425,000Relative Rate
Mortgage Capital Partners's average 30 year fixed mortgage rate was
6.78%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.3%.
Relative Fees (Closing Costs)
Mortgage Capital Partners's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,795.
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 $9,089.
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) | 252 | $171,570,000 | $680,833 | $12,436 | 6.77% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 25 | $10,495,000 | $419,800 | $9,717 | 6.81% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 10 | $5,600,000 | $560,000 | $9,736 | 6.97% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $2,875,000 | $575,000 | $10,989 | 6.65% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $2,030,000 | $338,333 | $9,318 | 6.67% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $9,519 | 7.23% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $5,626 | 6.84% |
| Outside of Metro Areas | 1 | $1,045,000 | $1,045,000 | $3,833 | 6.15% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $11,219 | 6.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $4,654 | 6.99% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $12,686 | 6.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $12,733 | 6.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,112 | 6.99% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,457 | 6.63% |
| MADERA, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,223 | 6.99% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,952 | 6.63% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,015 | 5.99% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,491 | 6.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,189 | 6.50% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,533 | 6.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,789 | 7.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against MORTGAGE CAPITAL PARTNERS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 21
Similarity Rank: 24
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Similarity Rank: 55
Similarity Rank: 72
Similarity Rank: 93
Similarity Rank: 96
Similarity Rank: 126
Similarity Rank: 135
Similarity Rank: 136
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 300 | $188,010,000 | $626,700 | $11,221 | 6.80% |
| FHA | 16 | $9,740,000 | $608,750 | $20,525 | 6.40% |
| VA | 5 | $3,675,000 | $735,000 | $15,250 | 6.72% |
For 2023, Mortgage Capital Partners's most frequently originated type of loan was Conventional, with 300 originations. Their 2nd most popular type was FHA, with 16 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 293 | $189,305,000 | $646,092 | $12,087 | 6.77% |
| Refi | 28 | $12,120,000 | $432,857 | $8,197 | 6.79% |
For 2023, Mortgage Capital Partners's most frequently cited loan purpose was Home Purchase, with 293 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
For 2023, Mortgage Capital Partners's most frequently cited loan duration was 30 Year, with 317 originations. The 2nd most popular length was 10 Year, with 3 originations.
Origination Fees/Closing Costs
Mortgage Capital Partners's average total fees were $11,795, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 170 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 180 | $112,910,000 | $627,278 |
| 7-8% | 93 | $59,525,000 | $640,054 |
| 5-6% | 43 | $26,705,000 | $621,047 |
| Over 8% | 4 | $1,380,000 | $345,000 |
| 4-5% | 1 | $905,000 | $905,000 |
During 2023, Mortgage Capital Partners's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 6-7%, with 180 originations.
Loan Sizing
2023 saw Mortgage Capital Partners place emphasis on $600k-1MM loans with 118 originations, totaling $87,970,000 in origination value.
Applicant Income
Mortgage Capital Partners lent most frequently to those with incomes in the $150k-250k range, with 127 originations. The second most popular income band? $250k+, with 94 originations.
Applicant Debt to Income Ratio
Mortgage Capital Partners lent most frequently to those with DTI ratios of 30-36%, with 47 originations. The next most common DTI ratio? 49%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.80%
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 origination43.93%
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 | 321 | $201,425,000 | $627,492 |