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, Riverside, Oxnard, San Diego, and Phoenix among others. We have data for 28 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 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.45% | 4/21/24 |
| 30 Year FHA Purchase | 7.24% | 4/21/24 |
| 30 Year FHA Refi | 7.41% | 4/21/24 |
| 30 Year VA Purchase | 5.83% | 4/21/24 |
| 30 Year VA Refi | 6.21% | 4/21/24 |
| 15 Year Conventional Purchase | 5.91% | 4/21/24 |
| 15 Year Conventional Refi | 6.13% | 4/21/24 |
| 15 Year Cash-out Refi | 6.13% | 4/21/24 |
| 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
595Origination Dollar Volume (All Markets)
$428,925,000Top 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) | 486 | $373,190,000 | $767,881 | $10,905 | 4.54% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 35 | $16,225,000 | $463,571 | $9,306 | 4.28% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 21 | $14,525,000 | $691,667 | $9,774 | 4.68% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $3,440,000 | $860,000 | $10,088 | 4.41% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $2,465,000 | $493,000 | $6,338 | 4.92% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 7 | $2,435,000 | $347,857 | $6,025 | 4.12% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $7,451 | 4.67% |
| Outside of Metro Areas | 2 | $2,070,000 | $1,035,000 | $17,132 | 4.69% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $7,097 | 4.65% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $9,307 | 4.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $7,039 | 4.63% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $10,351 | 4.43% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $5,330 | 3.25% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $4,686 | 3.55% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $11,231 | 6.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,826 | 5.13% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $18,305 | 2.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,848 | 6.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,084 | 3.06% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,315 | 3.25% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,569 | 4.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,435 | 6.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,256 | 5.13% |
| La Grande, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,255 | 5.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,315 | 4.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,334 | 3.99% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,230 | 2.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,453 | 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 | 589 | $424,575,000 | $720,840 | $10,387 | 4.53% |
| FHA | 3 | $2,685,000 | $895,000 | $26,939 | 4.88% |
| VA | 3 | $1,665,000 | $555,000 | $9,944 | 4.08% |
For 2022, Mortgage Capital Partners's most frequently originated type of loan was Conventional, with 589 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 415 | $309,735,000 | $746,349 | $11,445 | 4.78% |
| Refi | 180 | $119,190,000 | $662,167 | $8,217 | 3.94% |
For 2022, Mortgage Capital Partners's most frequently cited loan purpose was Home Purchase, with 415 originations. The 2nd most popular reason was Refi, with 180 originations.
Loan Duration/Length
For 2022, Mortgage Capital Partners's most frequently cited loan duration was 30 Year, with 584 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
Mortgage Capital Partners's average total fees were $10,558, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 258 originations.
Interest Rates
During 2022, Mortgage Capital Partners's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was 3-4%, with 220 originations.
Loan Sizing
2022 saw Mortgage Capital Partners place emphasis on $600k-1MM loans with 231 originations, totaling $177,665,000 in origination value.
Applicant Income
Mortgage Capital Partners lent most frequently to those with incomes in the $150k-250k range, with 203 originations. The second most popular income band? $250k+, with 168 originations.
Applicant Debt to Income Ratio
Mortgage Capital Partners lent most frequently to those with DTI ratios of 30-36%, with 77 originations. The next most common DTI ratio? 20-30%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.77%
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 origination51.60%
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 | 595 | $428,925,000 | $720,882 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Mortgage Research Center, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Mortgage Research Center, LLC | VA mortgage | Trouble during payment process | 1 | 50.0% |