Kinecta Mortgage Rates, Fees & Info

Manhattan Beach, CA

LEI: 549300IKS3MMB5YK6T18

Tax ID: 95-6038909

1 stars - Updated: 3/3/24 - out of 5 stars, based on 52 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Kinecta is a small mortgage company specializing in Cash Out Refi and Home Purchase loans. Kinecta 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, San Francisco, San Diego, and San Jose among others. We have data for 160 markets. (Some data included below & more in-depth data is available with an active subscription.)

Kinecta has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Kinecta 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.93% 3/3/24
30 Year Conventional Refi 6.02% 3/3/24
30 Year Cash-out Refi 6.17% 3/3/24
30 Year FHA Purchase 6.90% 3/3/24
30 Year FHA Refi 6.27% 3/3/24
30 Year VA Purchase 6.03% 3/3/24
15 Year Conventional Purchase 6.44% 3/3/24
15 Year Conventional Refi 6.10% 3/3/24
15 Year Cash-out Refi 6.10% 3/3/24
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.

Kinecta Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Kinecta. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,661

Origination Dollar Volume (All Markets)

$1,315,175,000

Awards

KINECTA 30 Year Conventional Loans gold KINECTA 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Kinecta's average 30 year fixed mortgage rate was 4.79%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.03%.

Relative Fees (Closing Costs)

Kinecta's average total fees/closing costs for a 30 year fixed rate mortgage were $10,668.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top 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) 1,466 $691,050,000 $471,385 $7,609 4.84%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 228 $101,210,000 $443,904 $7,941 5.11%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 74 $90,630,000 $1,224,730 $16,712 4.28%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 75 $66,495,000 $886,600 $13,954 4.63%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 42 $57,670,000 $1,373,095 $15,191 4.23%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 33 $36,375,000 $1,102,273 $16,849 4.38%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 71 $30,285,000 $426,549 $8,731 4.94%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 49 $22,665,000 $462,551 $6,220 4.67%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 15 $14,735,000 $982,333 $15,602 4.53%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 11 $13,645,000 $1,240,455 $16,780 4.85%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 17 $13,045,000 $767,353 $9,915 4.90%
ROCHESTER, NY (FHA|USDA|VA) 123 $12,565,000 $102,154 $3,295 5.13%
Outside of Metro Areas 13 $10,015,000 $770,385 $11,071 5.14%
Truckee-Grass Valley, CA (FHA|USDA|VA) 6 $9,170,000 $1,528,333 $25,577 3.42%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 22 $7,740,000 $351,818 $7,895 4.61%
SALINAS, CA (FHA|USDA|VA) 7 $7,305,000 $1,043,571 $7,248 4.76%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 33 $7,075,000 $214,394 $5,308 5.20%
Kapaa, HI (FHA|USDA|VA) 2 $6,190,000 $3,095,000 $24,932 4.19%
COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $5,205,000 $1,041,000 $17,433 4.60%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 13 $4,995,000 $384,231 $7,547 3.80%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 8 $4,690,000 $586,250 $9,469 4.98%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $4,650,000 $581,250 $6,312 4.34%
Heber, UT (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $63,811 3.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 11 $3,545,000 $322,273 $5,999 4.51%
STOCKTON, CA (FHA|USDA|VA) 7 $3,465,000 $495,000 $8,510 4.30%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $2,995,000 $599,000 $10,105 4.30%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $2,860,000 $715,000 $5,305 4.22%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $2,835,000 $405,000 $7,530 4.82%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $2,795,000 $215,000 $6,948 5.41%
FRESNO, CA (FHA|USDA|VA) 12 $2,560,000 $213,333 $5,133 5.46%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $2,520,000 $315,000 $6,571 4.78%
RENO, NV (FHA|USDA|VA) 3 $2,475,000 $825,000 $5,760 4.96%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $2,375,000 $2,375,000 $31,641 4.63%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 4 $2,360,000 $590,000 $10,168 3.34%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $2,360,000 $295,000 $6,094 4.88%
BAKERSFIELD, CA (FHA|USDA|VA) 11 $2,045,000 $185,909 $2,699 4.93%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 9 $2,015,000 $223,889 $4,019 5.22%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $2,005,000 $668,333 $7,188 4.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $2,000,000 $250,000 $7,472 5.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $1,995,000 $399,000 $4,793 5.02%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,835,000 $611,667 $19,419 4.29%
MODESTO, CA (FHA|USDA|VA) 6 $1,740,000 $290,000 $10,133 5.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $1,735,000 $192,778 $4,877 5.46%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $7,399 4.88%
Ellensburg, WA (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $19,804 4.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,425,000 $475,000 $8,353 4.46%
Montrose, CO (FHA|USDA|VA) 1 $1,375,000 $1,375,000 $14,363 4.00%
TUCSON, AZ (FHA|USDA|VA) 9 $1,225,000 $136,111 $1,292 5.86%
Sonora, CA (FHA|USDA|VA) 2 $1,180,000 $590,000 $10,727 4.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,160,000 $193,333 $2,449 5.92%
ST. GEORGE, UT (FHA|USDA|VA) 3 $1,145,000 $381,667 $9,044 4.21%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $1,110,000 $277,500 $5,347 4.66%
CHICO, CA (FHA|USDA|VA) 3 $1,045,000 $348,333 $2,775 3.53%
Torrington, CT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $11,051 4.75%
BEND, OR (FHA|USDA|VA) 2 $1,000,000 $500,000 $5,408 3.25%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $995,000 $995,000 $7,603 5.25%
REDDING, CA (FHA|USDA|VA) 2 $990,000 $495,000 $7,008 4.81%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $880,000 $146,667 $3,825 5.17%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $830,000 $207,500 $5,631 5.38%
BOISE CITY, ID (FHA|USDA|VA) 4 $830,000 $207,500 $6,359 5.06%
Crescent City, CA (FHA|USDA|VA) 1 $805,000 $805,000 $16,167 4.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $690,000 $345,000 $2,661 5.50%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $680,000 $340,000 $4,437 4.13%
Steamboat Springs, CO (FHA|USDA|VA) 1 $665,000 $665,000 $4,834 5.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $630,000 $315,000 $4,005 4.69%
COLUMBIA, SC (FHA|USDA|VA) 2 $610,000 $305,000 $3,135 4.63%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 5 $595,000 $119,000 $6,024 4.75%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $590,000 $147,500 $3,323 6.25%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $575,000 $575,000 $5,292 5.50%
TULSA, OK (FHA|USDA|VA) 3 $565,000 $188,333 $4,456 5.04%
PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $560,000 $93,333 $5,268 5.69%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $515,000 $171,667 $4,272 5.96%
TWIN FALLS, ID (FHA|USDA|VA) 1 $505,000 $505,000 $0 8.13%
RACINE, WI (FHA|USDA|VA) 1 $505,000 $505,000 $4,800 5.75%
Coos Bay, OR (FHA|USDA|VA) 2 $460,000 $230,000 $6,311 4.19%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $445,000 $445,000 $6,544 3.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $405,000 $405,000 $5,156 5.13%
GREELEY, CO (FHA|USDA|VA) 2 $400,000 $200,000 $2,099 5.81%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $395,000 $131,667 $2,754 4.25%
BILLINGS, MT (FHA|USDA|VA) 1 $395,000 $395,000 $5,960 2.63%
VISALIA, CA (FHA|USDA|VA) 3 $385,000 $128,333 $1,152 5.54%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $380,000 $190,000 $6,634 3.93%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $380,000 $190,000 $3,812 4.94%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $375,000 $125,000 $4,341 5.29%
Sevierville, TN (FHA|USDA|VA) 1 $375,000 $375,000 $5,288 3.38%
Clearlake, CA (FHA|USDA|VA) 1 $365,000 $365,000 $4,717 4.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $360,000 $180,000 $5,633 3.06%
Stillwater, OK (FHA|USDA|VA) 1 $355,000 $355,000 $5,785 4.75%
Holland, MI (FHA|USDA|VA) 1 $335,000 $335,000 $6,519 4.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $335,000 $111,667 $3,105 4.75%
PITTSFIELD, MA (FHA|USDA|VA) 1 $325,000 $325,000 $5,355 3.50%
OCALA, FL (FHA|USDA|VA) 3 $325,000 $108,333 $2,092 4.33%
AMES, IA (FHA|USDA|VA) 1 $285,000 $285,000 $2,657 5.75%
Helena, MT (FHA|USDA|VA) 1 $275,000 $275,000 $4,002 5.88%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $275,000 $275,000 $12,143 4.25%
VICTORIA, TX (FHA|USDA|VA) 1 $275,000 $275,000 $9,647 4.75%
EL CENTRO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $6,343 6.38%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $270,000 $135,000 $1,639 5.94%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $265,000 $265,000 $8,666 3.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $255,000 $255,000 $2,130 2.50%
ASHEVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $250,000 $125,000 $4,715 4.94%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $245,000 $245,000 $7,663 5.13%
Meridian, MS (FHA|USDA|VA) 1 $235,000 $235,000 $3,226 2.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $235,000 $235,000 $4,429 5.88%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $235,000 $78,333 $2,370 5.29%
TOLEDO, OH (FHA|USDA|VA) 2 $230,000 $115,000 $2,987 3.38%
Newport, TN (FHA|USDA|VA) 1 $225,000 $225,000 $3,205 3.50%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $220,000 $110,000 $0 5.81%
BELLINGHAM, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.13%
LAS CRUCES, NM (FHA|USDA|VA) 1 $215,000 $215,000 $3,573 5.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,721 3.25%
MADERA, CA (FHA|USDA|VA) 2 $210,000 $105,000 $2,274 4.31%
Klamath Falls, OR (FHA|USDA|VA) 1 $205,000 $205,000 $3,728 4.13%
Nogales, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.13%
Mountain Home, AR (FHA|USDA|VA) 1 $205,000 $205,000 $4,893 4.88%
Traverse City, MI (FHA|USDA|VA) 1 $205,000 $205,000 $4,219 4.38%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $2,070 2.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $195,000 $195,000 $5,075 5.25%
Dixon, IL (FHA|USDA|VA) 1 $195,000 $195,000 $3,658 7.25%
FORT COLLINS, CO (FHA|USDA|VA) 3 $195,000 $65,000 $0 5.21%
NAPA, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.00%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $7,808 5.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $170,000 $85,000 $3,492 5.38%
Mayfield, KY (FHA|USDA|VA) 2 $170,000 $85,000 $6,270 3.31%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.00%
YUMA, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $1,075 3.00%
EL PASO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,388 5.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $155,000 $155,000 $3,273 3.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $145,000 $145,000 $3,418 3.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $140,000 $70,000 $3,184 5.50%
Show Low, AZ (FHA|USDA|VA) 2 $130,000 $65,000 $32 6.06%
THE VILLAGES, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,435 3.25%
MANHATTAN, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,939 7.00%
Jackson, OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,885 2.99%
LANCASTER, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,852 2.88%
AKRON, OH (FHA|USDA|VA) 2 $110,000 $55,000 $3,946 4.44%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.38%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.13%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $105,000 $105,000 $3,046 4.88%
PITTSBURGH, PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,673 2.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.63%
MORGANTOWN, WV (FHA|USDA|VA) 1 $85,000 $85,000 $3,229 5.13%
Safford, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $2,950 2.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,760 2.99%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $75,000 $75,000 $2,957 5.75%
DALTON, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.38%
WILMINGTON, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.38%
PANAMA CITY, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,831 5.75%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $55,000 $55,000 $3,659 6.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.38%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.13%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.50%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.38%
LOUISVILLE, KY (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.38%
Kinecta's top markets include Los Angeles, Riverside, San Francisco, San Diego, and San Jose among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,439 $1,102,875,000 $766,418 $8,289 4.37%
    HELOC 1,209 $208,375,000 $172,353 n/a 5.41%
    FHA 12 $3,540,000 $295,000 $11,132 4.81%
    VA 1 $385,000 $385,000 $10,757 4.75%

    For 2022, Kinecta's most frequently originated type of loan was Conventional, with 1,439 originations. Their 2nd most popular type was HELOC, with 1,209 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,740 $437,540,000 $251,460 $3,613 4.89%
    Home Purchase 658 $779,480,000 $1,184,620 $13,735 4.42%
    Refi 262 $97,950,000 $373,855 $4,723 5.56%
    Home Improvement 1 $205,000 $205,000 $3,728 4.13%

    For 2022, Kinecta's most frequently cited loan purpose was Cash Out Refi, with 1,740 originations. The 2nd most popular reason was Home Purchase, with 658 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,235 $1,192,925,000 $533,747 $10,668 4.79%
    20 Year 215 $23,975,000 $111,512 $351 6.23%
    15 Year 195 $95,205,000 $488,231 $4,764 4.10%
    10 Year 11 $1,455,000 $132,273 $3,385 3.27%
    Other 5 $1,615,000 $323,000 $4,916 3.40%

    For 2022, Kinecta's most frequently cited loan duration was 30 Year, with 2,235 originations. The 2nd most popular length was 20 Year, with 215 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 621 $368,685,000 $593,696
    $5k+ 315 $429,535,000 $1,363,603
    $1k-2k 212 $64,820,000 $305,755
    $2k-3k 129 $74,995,000 $581,357
    $3k-4k 90 $56,860,000 $631,778
    $4k-5k 68 $66,740,000 $981,471

    Kinecta's average total fees were $10,668, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 621 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 695 $494,625,000 $711,691
    4-5% 636 $370,280,000 $582,201
    5-6% 495 $171,215,000 $345,889
    6-7% 374 $65,920,000 $176,257
    2.5-3% 226 $171,030,000 $756,770
    7-8% 163 $27,375,000 $167,945
    <2.5% 38 $9,910,000 $260,789
    Over 8% 34 $4,820,000 $141,765

    During 2022, Kinecta's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 3-4%, with 695 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 644 $178,750,000 $277,562 $4,763 4.84%
    $100k-200k 578 $76,280,000 $131,972 $2,398 5.15%
    $100,000 or less 540 $32,170,000 $59,574 $938 5.62%
    $1MM+ 324 $674,030,000 $2,080,340 $20,021 3.91%
    $400k-600k 302 $143,800,000 $476,159 $5,991 4.52%
    $600k-1MM 273 $210,145,000 $769,762 $9,212 4.14%

    2022 saw Kinecta place emphasis on $200k-400k loans with 644 originations, totaling $178,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 739 $291,105,000 $393,917 $7,447 4.93%
    $100k-150k 575 $142,515,000 $247,852 $4,780 5.06%
    $250k+ 568 $700,190,000 $1,232,729 $16,116 4.53%
    $75k-100k 349 $67,955,000 $194,713 $4,424 4.86%
    $50k-75k 231 $33,365,000 $144,437 $3,293 4.95%
    $50k or less 124 $15,670,000 $126,371 $3,112 4.76%

    Kinecta lent most frequently to those with incomes in the $150k-250k range, with 739 originations. The second most popular income band? $100k-150k, with 575 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 427 $175,665,000 $411,393 $7,156 4.68%
    30-36% 426 $193,750,000 $454,812 $7,072 4.82%
    49% 232 $117,730,000 $507,457 $9,090 5.07%
    <20% 151 $65,445,000 $433,411 $7,501 4.49%
    48% 131 $71,795,000 $548,053 $9,960 4.86%
    42% 118 $70,700,000 $599,153 $9,205 4.85%
    45% 118 $61,670,000 $522,627 $11,100 5.11%
    43% 116 $55,250,000 $476,293 $8,848 4.87%
    47% 114 $58,080,000 $509,474 $10,194 4.80%
    44% 111 $51,245,000 $461,667 $8,940 4.79%
    40% 105 $46,535,000 $443,190 $7,476 4.88%
    41% 102 $50,980,000 $499,804 $9,822 4.93%
    46% 100 $43,860,000 $438,600 $10,150 5.17%
    38% 84 $60,200,000 $716,667 $8,097 4.68%
    37% 84 $39,830,000 $474,167 $6,681 4.58%
    36% 81 $42,515,000 $524,877 $8,109 4.68%
    39% 73 $37,655,000 $515,822 $7,692 4.72%
    50-60% 60 $17,400,000 $290,000 $3,534 6.24%
    >60% 11 $9,705,000 $882,273 $11,406 3.95%

    Kinecta lent most frequently to those with DTI ratios of 20-30%, with 427 originations. The next most common DTI ratio? 30-36%, with 426 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,590 $802,070,000 $504,447 $8,627 4.79%
    Not provided 482 $231,400,000 $480,083 $8,700 4.88%
    Asian 296 $163,870,000 $553,615 $8,081 4.96%
    Black 199 $49,055,000 $246,508 $5,246 5.05%
    Not applicable 17 $45,165,000 $2,656,765 $0 4.37%
    American Indian 33 $9,785,000 $296,515 $6,222 5.02%
    Asian Indian 14 $4,550,000 $325,000 $6,241 4.29%
    Native Hawaiian or Islander 9 $2,785,000 $309,444 $3,665 4.54%
    Korean 2 $1,760,000 $880,000 $17,316 5.63%
    Other Asian 5 $1,445,000 $289,000 $2,623 5.53%
    Japanese 5 $855,000 $171,000 $1,077 5.13%
    Other Pacific Islander 5 $845,000 $169,000 $0 4.95%
    Chinese 1 $755,000 $755,000 $16,826 3.63%
    Filipino 2 $530,000 $265,000 $0 5.75%
    Vietnamese 1 $305,000 $305,000 $0 4.63%

    Approval Rates

    Total approvals of all applications
    89.41%

    Kinecta has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.57%

    Kinecta has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,661 $1,315,175,000 $494,241

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,661 $1,315,175,000 $494,241

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 554 $191,200,000 $345,126 $4,395 4.91%
    40-60% 343 $288,295,000 $840,510 $8,126 3.90%
    60-80% 501 $560,785,000 $1,119,331 $12,855 4.20%
    80-100% 212 $139,060,000 $655,943 $9,895 4.65%
    Under 20% 1,051 $135,835,000 $129,244 $915 5.46%