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 and Refi 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, Oxnard, Riverside, San Francisco, and Washington among others. We have data for 24 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 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.
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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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,039Origination Dollar Volume (All Markets)
$589,545,000Awards
MORTGAGE CAPITAL PARTNERS - 2018
MORTGAGE CAPITAL PARTNERS is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 855 | $515,325,000 | $602,719 | $6,935 | 4.78% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 35 | $15,745,000 | $449,857 | $6,151 | 4.76% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 43 | $13,725,000 | $319,186 | $5,643 | 4.78% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 19 | $13,025,000 | $685,526 | $5,178 | 4.58% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 22 | $7,560,000 | $343,636 | $3,756 | 4.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $5,540,000 | $395,714 | $7,345 | 4.60% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 11 | $4,305,000 | $391,364 | $7,169 | 4.86% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 6 | $3,320,000 | $553,333 | $4,598 | 4.21% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $7,254 | 4.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $6,955 | 4.38% |
| Outside of Metro Areas | 3 | $1,445,000 | $481,667 | $4,156 | 5.17% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $4,135 | 4.53% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $4,510 | 5.00% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,945 | 4.46% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $8,504 | 4.38% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $9,043 | 3.88% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,771 | 5.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,903 | 4.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,710 | 4.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,743 | 4.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,339 | 5.13% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,568 | 4.75% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,173 | 4.25% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,519 | 4.88% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 997 | $568,215,000 | $569,925 | $6,401 | 4.77% |
| FHA | 27 | $13,825,000 | $512,037 | $14,834 | 4.81% |
| VA | 15 | $7,505,000 | $500,333 | $12,185 | 4.32% |
For 2018, Mortgage Capital Partners's most frequently originated type of loan was Conventional, with 997 originations. Their 2nd most popular type was FHA, with 27 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 771 | $441,595,000 | $572,756 | $7,143 | 4.78% |
| Refi | 268 | $147,950,000 | $552,052 | $5,444 | 4.74% |
For 2018, Mortgage Capital Partners's most frequently cited loan purpose was Home Purchase, with 771 originations. The 2nd most popular reason was Refi, with 268 originations.
Loan Duration/Length
For 2018, Mortgage Capital Partners's most frequently cited loan duration was 30 Year, with 1,018 originations. The 2nd most popular length was 15 Year, with 13 originations.
Origination Fees/Closing Costs
Mortgage Capital Partners's average total fees were $6,728, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 677 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 776 | $447,520,000 | $576,701 |
| 5-6% | 216 | $111,460,000 | $516,019 |
| 3-4% | 44 | $27,700,000 | $629,545 |
| 6-7% | 3 | $2,865,000 | $955,000 |
During 2018, Mortgage Capital Partners's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 776 originations.
Loan Sizing
2018 saw Mortgage Capital Partners place emphasis on $400k-600k loans with 385 originations, totaling $189,615,000 in origination value.
Applicant Income
Mortgage Capital Partners lent most frequently to those with incomes in the $150k-250k range, with 288 originations. The second most popular income band? $100k-150k, with 284 originations.
Applicant Debt to Income Ratio
Mortgage Capital Partners lent most frequently to those with DTI ratios of 30-36%, with 141 originations. The next most common DTI ratio? 20-30%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.24%
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 origination61.69%
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 | 1,039 | $589,545,000 | $567,416 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,039 | $589,545,000 | $567,416 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE CAPITAL ASSOCIATES, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| MORTGAGE CAPITAL ASSOCIATES, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |