Hunt Mortgage Capital, Llc

NEW YORK, NY 10169-2199

LEI: 549300DKR45F0W1GO839

Tax ID: 13-3602661

2019 Data | 2018 Data


Overview

Hunt Mortgage Capital, Llc is a small mortgage company specializing in Home Purchase and Refi loans. Hunt Mortgage Capital, Llc has a high proportion of conventional loans. Their top markets include Washington, Houston, Richmond, Los Angeles, and Dallas among others. They have an above average approval rate for mortages when compared nationally -- and they have an above average pick rate when compared to the same sample of other lendors. Hunt Mortgage Capital, Llc is typically a lendor.


Originations

255

Origination Dollar Volume (All Markets)

$1,806,095,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 255 $1,806,095,000 $7,082,725

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 88 $592,320,000 $6,730,909
Refi 167 $1,213,775,000 $7,268,114

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 2 $221,790,000 $110,895,000
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 9 $111,465,000 $12,385,000
RICHMOND, VA 10 $89,890,000 $8,989,000
LOS ANGELES-LONG BEACH-GLENDALE, CA 10 $83,970,000 $8,397,000
Outside of Metro Areas 16 $80,240,000 $5,015,000
DALLAS-PLANO-IRVING, TX 7 $77,585,000 $11,083,571
BALTIMORE-COLUMBIA-TOWSON, MD 2 $66,620,000 $33,310,000
ORLANDO-KISSIMMEE-SANFORD, FL 2 $66,010,000 $33,005,000
WICHITA, KS 6 $53,110,000 $8,851,667
EVANSVILLE, IN-KY 4 $46,370,000 $11,592,500
CINCINNATI, OH-KY-IN 5 $46,325,000 $9,265,000
CHICAGO-NAPERVILLE-EVANSTON, IL 15 $38,925,000 $2,595,000
KNOXVILLE, TN 1 $38,855,000 $38,855,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 2 $37,430,000 $18,715,000
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 3 $36,895,000 $12,298,333
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1 $35,775,000 $35,775,000
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 2 $33,750,000 $16,875,000
MIAMI-MIAMI BEACH-KENDALL, FL 6 $32,170,000 $5,361,667
PHILADELPHIA, PA 8 $27,200,000 $3,400,000
STOCKTON, CA 2 $26,630,000 $13,315,000
COLUMBUS, OH 1 $24,785,000 $24,785,000
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 3 $23,815,000 $7,938,333
FORT WORTH-ARLINGTON-GRAPEVINE, TX 3 $21,915,000 $7,305,000
OGDEN-CLEARFIELD, UT 5 $21,685,000 $4,337,000
MACON-BIBB COUNTY, GA 2 $20,540,000 $10,270,000
PHOENIX-MESA-CHANDLER, AZ 3 $20,525,000 $6,841,667
WINSTON-SALEM, NC 2 $19,600,000 $9,800,000
DES MOINES-WEST DES MOINES, IA 1 $15,975,000 $15,975,000
LEXINGTON-FAYETTE, KY 2 $14,940,000 $7,470,000
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 4 $14,830,000 $3,707,500
BEAUMONT-PORT ARTHUR, TX 2 $13,130,000 $6,565,000
PROVO-OREM, UT 3 $12,965,000 $4,321,667
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 5 $12,155,000 $2,431,000
ALBANY-LEBANON, OR 1 $11,855,000 $11,855,000
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 5 $11,795,000 $2,359,000
SAN ANTONIO-NEW BRAUNFELS, TX 1 $11,735,000 $11,735,000
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 2 $10,020,000 $5,010,000
BOSTON, MA 1 $9,905,000 $9,905,000
DETROIT-DEARBORN-LIVONIA, MI 2 $9,030,000 $4,515,000
WINCHESTER, VA-WV 2 $8,840,000 $4,420,000
BRUNSWICK, GA 1 $8,625,000 $8,625,000
TULSA, OK 1 $8,505,000 $8,505,000
AUSTIN-ROUND ROCK-GEORGETOWN, TX 2 $8,200,000 $4,100,000
ST. JOSEPH, MO-KS 1 $7,705,000 $7,705,000
SAN ANGELO, TX 2 $7,550,000 $3,775,000
KALAMAZOO-PORTAGE, MI 1 $7,505,000 $7,505,000
TACOMA-LAKEWOOD, WA 3 $7,485,000 $2,495,000
SYRACUSE, NY 3 $7,305,000 $2,435,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 3 $7,135,000 $2,378,333
EL PASO, TX 1 $6,975,000 $6,975,000
GREENVILLE-ANDERSON, SC 1 $6,755,000 $6,755,000
SALT LAKE CITY, UT 2 $6,570,000 $3,285,000
SEBRING-AVON PARK, FL 1 $5,805,000 $5,805,000
NEW HAVEN-MILFORD, CT 2 $5,740,000 $2,870,000
NEW ORLEANS-METAIRIE, LA 1 $5,525,000 $5,525,000
MEMPHIS, TN-MS-AR 2 $5,370,000 $2,685,000
KILLEEN-TEMPLE, TX 1 $5,105,000 $5,105,000
BUFFALO-CHEEKTOWAGA, NY 3 $4,945,000 $1,648,333
NORTH PORT-SARASOTA-BRADENTON, FL 1 $4,755,000 $4,755,000
STAUNTON, VA 1 $4,675,000 $4,675,000
MCALLEN-EDINBURG-MISSION, TX 1 $4,615,000 $4,615,000
TOPEKA, KS 1 $4,505,000 $4,505,000
LIMA, OH 1 $4,355,000 $4,355,000
KANSAS CITY, MO-KS 4 $4,320,000 $1,080,000
READING, PA 1 $4,205,000 $4,205,000
FAYETTEVILLE, NC 1 $4,105,000 $4,105,000
ALBANY, GA 1 $4,005,000 $4,005,000
COLUMBIA, SC 2 $3,990,000 $1,995,000
BRIDGEPORT-STAMFORD-NORWALK, CT 2 $3,750,000 $1,875,000
ABILENE, TX 1 $3,645,000 $3,645,000
MODESTO, CA 2 $3,610,000 $1,805,000
PORTLAND-SOUTH PORTLAND, ME 2 $3,490,000 $1,745,000
OKLAHOMA CITY, OK 1 $3,415,000 $3,415,000
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 1 $3,205,000 $3,205,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 2 $3,120,000 $1,560,000
VALDOSTA, GA 1 $3,105,000 $3,105,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 1 $3,045,000 $3,045,000
CLARKSVILLE, TN-KY 2 $2,800,000 $1,400,000
BREMERTON-SILVERDALE-PORT ORCHARD, WA 1 $2,655,000 $2,655,000
WACO, TX 1 $2,495,000 $2,495,000
BURLINGTON, NC 2 $2,470,000 $1,235,000
BOISE CITY, ID 1 $2,155,000 $2,155,000
IDAHO FALLS, ID 1 $2,085,000 $2,085,000
LAS VEGAS-HENDERSON-PARADISE, NV 1 $2,015,000 $2,015,000
NEWARK, NJ-PA 2 $1,910,000 $955,000
SALEM, OR 1 $1,895,000 $1,895,000
CHARLESTON-NORTH CHARLESTON, SC 1 $1,785,000 $1,785,000
BATON ROUGE, LA 1 $1,735,000 $1,735,000
LAS CRUCES, NM 1 $1,685,000 $1,685,000
CHATTANOOGA, TN-GA 1 $1,565,000 $1,565,000
ROCKFORD, IL 1 $1,545,000 $1,545,000
SAVANNAH, GA 1 $1,505,000 $1,505,000
ST. CLOUD, MN 1 $1,445,000 $1,445,000
DAPHNE-FAIRHOPE-FOLEY, AL 1 $1,405,000 $1,405,000
HICKORY-LENOIR-MORGANTON, NC 1 $1,325,000 $1,325,000
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 1 $1,275,000 $1,275,000
VISALIA, CA 1 $1,215,000 $1,215,000
HANFORD-CORCORAN, CA 1 $1,185,000 $1,185,000
FRESNO, CA 1 $1,175,000 $1,175,000
TALLAHASSEE, FL 1 $1,145,000 $1,145,000
BROWNSVILLE-HARLINGEN, TX 1 $1,135,000 $1,135,000
PROVIDENCE-WARWICK, RI-MA 1 $1,105,000 $1,105,000
CAPE CORAL-FORT MYERS, FL 1 $1,075,000 $1,075,000
NAPLES-MARCO ISLAND, FL 1 $1,005,000 $1,005,000
REDDING, CA 1 $1,005,000 $1,005,000
MUSKEGON, MI 1 $1,005,000 $1,005,000
OLYMPIA-LACEY-TUMWATER, WA 1 $875,000 $875,000
MADISON, WI 1 $655,000 $655,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
3-4% 56 $684,440,000 $12,222,143
4-5% 157 $984,005,000 $6,267,548
5-6% 42 $137,650,000 $3,277,381

Loan Sizing

Loan Size Originations Total Value Average Loan
$600k-1000k 12 $9,910,000 $825,833
$Over $1MM 243 $1,796,185,000 $7,391,708

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 8 $20,280,000 $2,535,000
40-60% 41 $140,825,000 $3,434,756
60-80% 181 $1,555,515,000 $8,594,006
80-100% 15 $70,205,000 $4,680,333
Under 20% 10 $19,270,000 $1,927,000

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
Not applicable 253 $1,803,825,000 $7,129,743
White 2 $2,270,000 $1,135,000

Approval Rates

Total approvals of all applications
97.06%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
96.65%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 255 $1,806,095,000 $7,082,725

Origination Fees

Origination Fee Originations Total Value Average Loan

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 255 $1,806,095,000 $7,082,725