Berkeley Point Capital Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300HINJH60UG3KG47

Tax ID: 45-3508295

2020 Data | 2019 Data | 2018 Data


Overview

Berkeley Point Capital is a mid-sized mortgage company specializing in Cash Out Refi and Home Purchase loans. Berkeley Point Capital has a high proportion of conventional loans. Their top markets include Atlanta, Riverside, Richmond, Denver, and Stockton among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors.


Originations

272

Origination Dollar Volume (All Markets)

$6,655,250,000

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 272 $6,655,250,000 $24,467,831 $0 3.26%

For the 2020 period, Berkeley Point Capital 's most frequently originated loan type was Conventional, with 272 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 164 $3,344,800,000 $20,395,122 $0 3.16%
Home Purchase 108 $3,310,450,000 $30,652,315 $0 3.40%

For the 2020, Berkeley Point Capital 's most frequently cited loan purpose was Cash Out Refi, with 164 originations. The 2nd most popular reason was Home Purchase, with 108 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
10 Year 176 $4,297,250,000 $24,416,193 $0 3.08%
Other 63 $1,264,315,000 $20,068,492 $0 3.61%
15 Year 31 $1,074,915,000 $34,674,677 $0 3.45%
20 Year 1 $17,205,000 $17,205,000 $0 3.45%
5 Year 1 $1,565,000 $1,565,000 $0 5.18%

For the 2020, Berkeley Point Capital 's most frequently cited loan length was 10 Year, with 176 originations. The 2nd most popular length was Other, with 63 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 12 $584,200,000 $48,683,333 $0 3.40%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 3 $421,495,000 $140,498,333 $0 2.63%
RICHMOND, VA 7 $275,305,000 $39,329,286 $0 3.29%
DENVER-AURORA-LAKEWOOD, CO 7 $268,625,000 $38,375,000 $0 3.05%
STOCKTON, CA 3 $265,695,000 $88,565,000 $0 3.35%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 7 $263,925,000 $37,703,571 $0 2.99%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 8 $243,930,000 $30,491,250 $0 3.06%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 7 $191,385,000 $27,340,714 $0 2.89%
DURHAM-CHAPEL HILL, NC 7 $191,295,000 $27,327,857 $0 3.82%
LOS ANGELES-LONG BEACH-GLENDALE, CA 23 $184,455,000 $8,019,783 $0 2.65%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 6 $158,770,000 $26,461,667 $0 3.03%
DALLAS-PLANO-IRVING, TX 5 $149,875,000 $29,975,000 $0 3.04%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 10 $139,060,000 $13,906,000 $0 3.27%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 6 $137,650,000 $22,941,667 $0 3.06%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 4 $134,350,000 $33,587,500 $0 2.92%
SALT LAKE CITY, UT 2 $124,310,000 $62,155,000 $0 2.74%
LAS VEGAS-HENDERSON-PARADISE, NV 5 $118,555,000 $23,711,000 $0 4.08%
KANSAS CITY, MO-KS 3 $106,255,000 $35,418,333 $0 2.85%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 4 $105,640,000 $26,410,000 $0 3.52%
INDIANAPOLIS-CARMEL-ANDERSON, IN 4 $102,010,000 $25,502,500 $0 3.57%
OAKLAND-BERKELEY-LIVERMORE, CA 7 $101,095,000 $14,442,143 $0 3.54%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 1 $97,005,000 $97,005,000 $0 2.96%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 4 $96,360,000 $24,090,000 $0 2.97%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 4 $93,740,000 $23,435,000 $0 3.29%
BALTIMORE-COLUMBIA-TOWSON, MD 4 $81,100,000 $20,275,000 $0 2.77%
ANAHEIM-SANTA ANA-IRVINE, CA 5 $80,525,000 $16,105,000 $0 2.94%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 2 $73,720,000 $36,860,000 $0 3.10%
COLUMBUS, OH 2 $73,520,000 $36,760,000 $0 2.19%
COLORADO SPRINGS, CO 2 $69,710,000 $34,855,000 $0 3.67%
SEATTLE-BELLEVUE-KENT, WA 3 $68,405,000 $22,801,667 $0 2.85%
RENO, NV 1 $67,905,000 $67,905,000 $0 2.89%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 4 $67,300,000 $16,825,000 $0 4.15%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 2 $66,410,000 $33,205,000 $0 3.04%
OKLAHOMA CITY, OK 2 $63,540,000 $31,770,000 $0 3.20%
PHOENIX-MESA-CHANDLER, AZ 2 $62,690,000 $31,345,000 $0 3.46%
SAN ANTONIO-NEW BRAUNFELS, TX 2 $58,280,000 $29,140,000 $0 3.28%
ORLANDO-KISSIMMEE-SANFORD, FL 4 $58,060,000 $14,515,000 $0 4.20%
CHICAGO-NAPERVILLE-EVANSTON, IL 7 $52,745,000 $7,535,000 $0 3.05%
ST. LOUIS, MO-IL 2 $49,970,000 $24,985,000 $0 3.33%
JACKSONVILLE, FL 2 $49,590,000 $24,795,000 $0 3.81%
TULSA, OK 3 $46,695,000 $15,565,000 $0 3.08%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 3 $46,325,000 $15,441,667 $0 3.86%
RALEIGH-CARY, NC 2 $44,510,000 $22,255,000 $0 3.19%
Outside of Metro Areas 6 $42,760,000 $7,126,667 $0 3.52%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 2 $42,150,000 $21,075,000 $0 2.62%
FORT COLLINS, CO 1 $40,465,000 $40,465,000 $0 3.34%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 1 $39,005,000 $39,005,000 $0 3.07%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 1 $37,765,000 $37,765,000 $0 2.78%
CHARLOTTESVILLE, VA 1 $35,975,000 $35,975,000 $0 2.79%
BOSTON, MA 1 $35,035,000 $35,035,000 $0 2.76%
BATON ROUGE, LA 1 $34,005,000 $34,005,000 $0 3.02%
BEAUMONT-PORT ARTHUR, TX 1 $33,005,000 $33,005,000 $0 3.48%
NORTH PORT-SARASOTA-BRADENTON, FL 1 $32,815,000 $32,815,000 $0 3.93%
GREENVILLE-ANDERSON, SC 1 $31,475,000 $31,475,000 $0 4.08%
PALM BAY-MELBOURNE-TITUSVILLE, FL 1 $31,005,000 $31,005,000 $0 3.37%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 2 $30,890,000 $15,445,000 $0 2.31%
BRIDGEPORT-STAMFORD-NORWALK, CT 1 $29,125,000 $29,125,000 $0 1.94%
BIRMINGHAM-HOOVER, AL 1 $28,895,000 $28,895,000 $0 3.22%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 2 $25,570,000 $12,785,000 $0 2.83%
WORCESTER, MA-CT 2 $25,340,000 $12,670,000 $0 4.69%
ATHENS-CLARKE COUNTY, GA 1 $23,795,000 $23,795,000 $0 2.73%
NEW BRUNSWICK-LAKEWOOD, NJ 3 $21,925,000 $7,308,333 $0 3.28%
SAVANNAH, GA 3 $21,885,000 $7,295,000 $0 3.78%
ABILENE, TX 1 $20,805,000 $20,805,000 $0 2.72%
JACKSON, MS 4 $20,400,000 $5,100,000 $0 3.59%
LAFAYETTE, LA 2 $18,990,000 $9,495,000 $0 3.46%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 2 $18,600,000 $9,300,000 $0 3.98%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1 $16,685,000 $16,685,000 $0 3.24%
NILES, MI 3 $16,375,000 $5,458,333 $0 3.25%
VALLEJO, CA 1 $15,755,000 $15,755,000 $0 2.65%
FLORENCE, SC 1 $14,555,000 $14,555,000 $0 3.07%
LAKELAND-WINTER HAVEN, FL 1 $13,505,000 $13,505,000 $0 3.37%
GREENSBORO-HIGH POINT, NC 1 $13,215,000 $13,215,000 $0 3.38%
BOISE CITY, ID 2 $12,300,000 $6,150,000 $0 4.36%
MANCHESTER-NASHUA, NH 1 $12,005,000 $12,005,000 $0 3.49%
ALBANY-SCHENECTADY-TROY, NY 1 $11,715,000 $11,715,000 $0 3.44%
NEWARK, NJ-PA 1 $10,905,000 $10,905,000 $0 3.05%
MIAMI-MIAMI BEACH-KENDALL, FL 1 $8,875,000 $8,875,000 $0 2.79%
DAYTON-KETTERING, OH 1 $7,325,000 $7,325,000 $0 3.15%
MOBILE, AL 1 $6,105,000 $6,105,000 $0 3.48%
ST. GEORGE, UT 1 $5,595,000 $5,595,000 $0 3.39%
DETROIT-DEARBORN-LIVONIA, MI 1 $4,945,000 $4,945,000 $0 3.20%
NASSAU COUNTY-SUFFOLK COUNTY, NY 1 $4,505,000 $4,505,000 $0 3.29%
BURLINGTON, NC 1 $4,485,000 $4,485,000 $0 3.44%
SPRINGFIELD, MO 1 $4,225,000 $4,225,000 $0 3.41%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 2 $4,000,000 $2,000,000 $0 5.78%
WARREN-TROY-FARMINGTON HILLS, MI 1 $3,655,000 $3,655,000 $0 3.72%
TOLEDO, OH 1 $3,175,000 $3,175,000 $0 3.50%
OCALA, FL 1 $2,055,000 $2,055,000 $0 6.21%
PROVIDENCE-WARWICK, RI-MA 1 $1,625,000 $1,625,000 $0 5.08%

Berkeley Point Capital 's top markets include Atlanta, Riverside, Richmond, Denver, and Stockton among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 127 $2,918,285,000 $22,978,622
2.5-3% 93 $2,284,825,000 $24,568,011
4-5% 23 $401,145,000 $17,441,087
<2.5% 22 $1,034,460,000 $47,020,909
5-6% 4 $8,560,000 $2,140,000
6-7% 3 $7,975,000 $2,658,333

During 2020, Berkeley Point Capital 's average interest rate was 0.00%, while their most frequently originated rate bucket was 3-4%, with 127 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 272 $6,655,250,000 $24,467,831 $0 3.26%

2020 saw Berkeley Point Capital place emphasis on $1MM+ loans with 272 originations, totaling $6,655,250,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 272 $6,655,250,000 $24,467,831 $0 3.26%

Approval Rates

Total approvals of all applications
99.53%

Berkeley Point 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 origination
66.41%

Berkeley Point Capital 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 272 $6,655,250,000 $24,467,831

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Manufactured 8 $46,040,000 $5,755,000
Multifamily:Site-Built 264 $6,609,210,000 $25,034,886

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 8 $168,030,000 $21,003,750 $0 2.65%
40-60% 78 $1,420,960,000 $18,217,436 $0 2.92%
60-80% 155 $3,873,325,000 $24,989,194 $0 3.31%
80-100% 17 $490,645,000 $28,861,471 $0 3.77%
Over 100% 3 $661,305,000 $220,435,000 $0 2.58%
Under 20% 11 $40,985,000 $3,725,909 $0 4.75%