Dryden Capital Mortgage Rates, Fees & Info
Novato, CALEI: 549300HCRTX5TKSMVC97
Tax ID: 54-2174176
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Mortgage Data
Review & Overview
Dryden Capital is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Dryden Capital has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Salinas, Truckee, Napa, and San Diego among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Dryden Capital 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.
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Originations
55Origination Dollar Volume (All Markets)
$25,695,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 40 | $18,260,000 | $456,500 | $0 | 10.22% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $2,410,000 | $1,205,000 | $0 | 9.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 8.50% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $0 | 10.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 8.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 9.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 8.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 9.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 12.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 12.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $24,925,000 | $470,283 | $0 | 10.13% |
| HELOC | 2 | $770,000 | $385,000 | n/a | 8.88% |
For 2018, Dryden Capital's most frequently originated type of loan was Conventional, with 53 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2018, Dryden Capital's most frequently cited loan purpose was Cash Out Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 35 | $16,755,000 | $478,714 | $0 | 10.09% |
| Other | 20 | $8,940,000 | $447,000 | $0 | 10.07% |
For 2018, Dryden Capital's most frequently cited loan duration was 1 Year, with 35 originations. The 2nd most popular length was Other, with 20 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 50 | $24,160,000 | $483,200 |
| 7-8% | 5 | $1,535,000 | $307,000 |
During 2018, Dryden Capital's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 50 originations.
Loan Sizing
2018 saw Dryden Capital place emphasis on $400k-600k loans with 15 originations, totaling $7,265,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.53%
Dryden Capital has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.00%
Dryden Capital has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 37195.0 | 1 | $1,035,000 | $1,035,000 |
| 6695.0 | 1 | $185,000 | $185,000 |
| NA | 53 | $24,475,000 | $461,792 |