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 Home Purchase and Cash Out Refi loans. Dryden Capital has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Santa Rosa, Sacramento, Napa, and San Jose among others. We have data for 8 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. They typically have relatively high rates.
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Originations
49Origination Dollar Volume (All Markets)
$28,785,000Top 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) | 33 | $22,725,000 | $688,636 | $0 | 9.64% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 6 | $2,280,000 | $380,000 | $0 | 9.83% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $0 | 7.96% |
| Outside of Metro Areas | 1 | $1,005,000 | $1,005,000 | $0 | 10.00% |
| NAPA, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 10.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 8.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.50% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $26,945,000 | $598,778 | $0 | 9.62% |
| HELOC | 4 | $1,840,000 | $460,000 | n/a | 8.41% |
For 2019, Dryden Capital's most frequently originated type of loan was Conventional, with 45 originations. Their 2nd most popular type was HELOC, with 4 originations.
Loan Reason
For 2019, Dryden Capital's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 24 | $12,760,000 | $531,667 | $0 | 9.66% |
| Other | 23 | $14,335,000 | $623,261 | $0 | 9.66% |
| 30 Year | 2 | $1,690,000 | $845,000 | $0 | 6.36% |
For 2019, Dryden Capital's most frequently cited loan duration was 1 Year, with 24 originations. The 2nd most popular length was Other, with 23 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 3 | $2,135,000 | $711,667 |
Dryden Capital's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 45 | $26,485,000 | $588,556 |
| 7-8% | 2 | $610,000 | $305,000 |
| 5-6% | 1 | $395,000 | $395,000 |
| 6-7% | 1 | $1,295,000 | $1,295,000 |
During 2019, Dryden Capital's average interest rate for loans was 6.36%, while their most frequently originated rate bucket for loans was Over 8%, with 45 originations.
Loan Sizing
2019 saw Dryden Capital place emphasis on $200k-400k loans with 12 originations, totaling $3,640,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 1 | $395,000 | $395,000 | $0 | 5.78% |
Dryden Capital lent most frequently to those with incomes in the $50k or less range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 1 | $395,000 | $395,000 | $0 | 5.78% |
Dryden Capital lent most frequently to those with DTI ratios of 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.83%
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 origination75.51%
Dryden Capital has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 11145.0 | 2 | $1,410,000 | $705,000 |
| 11181.0 | 1 | $805,000 | $805,000 |
| 19595.0 | 1 | $615,000 | $615,000 |
| 21250.0 | 1 | $815,000 | $815,000 |
| 25745.0 | 1 | $1,655,000 | $1,655,000 |
| 33345.0 | 1 | $925,000 | $925,000 |
| 5645.0 | 1 | $305,000 | $305,000 |
| 7970.0 | 1 | $275,000 | $275,000 |
| 8230.0 | 1 | $395,000 | $395,000 |
| 9245.0 | 1 | $405,000 | $405,000 |
| NA | 38 | $21,180,000 | $557,368 |