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 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 by origination volume include: Los Angeles, Riverside, Oxnard, San Francisco, and Santa Maria among others. We have data for 30 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.45% | 12/16/24 |
| 30 Year FHA Purchase | 7.24% | 12/16/24 |
| 30 Year FHA Refi | 7.41% | 12/16/24 |
| 30 Year VA Purchase | 5.83% | 12/16/24 |
| 30 Year VA Refi | 6.21% | 12/16/24 |
| 15 Year Conventional Purchase | 5.91% | 12/16/24 |
| 15 Year Conventional Refi | 6.13% | 12/16/24 |
| 15 Year Cash-out Refi | 6.13% | 12/16/24 |
| 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
1,868Origination Dollar Volume (All Markets)
$1,207,000,000Awards
MORTGAGE CAPITAL PARTNERS - 2021
MORTGAGE CAPITAL PARTNERS is a 2021 , due to their low .
For 2021, 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) | 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% |
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
For 2021, Mortgage Capital Partners's most frequently originated type of loan was Conventional, with 1,841 originations. Their 2nd most popular type was VA, with 16 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. 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 2021, Mortgage Capital Partners's most frequently cited loan purpose was Refi, with 1,103 originations. The 2nd most popular reason was Home Purchase, with 765 originations.
Loan Duration/Length
For 2021, Mortgage Capital Partners's most frequently cited loan duration was 30 Year, with 1,758 originations. The 2nd most popular length was 15 Year, with 80 originations.
Origination Fees/Closing Costs
Mortgage Capital Partners's average total fees were $6,837, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 910 originations.
Loan Sizing
2021 saw Mortgage Capital Partners place emphasis on $400k-600k loans with 589 originations, totaling $292,735,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.61%
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 origination62.96%
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
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE CENTER, LC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |