Kinecta Mortgage Rates, Fees & Info
Manhattan Beach, CALEI: 549300IKS3MMB5YK6T18
Tax ID: 95-6038909
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Los Angeles, Riverside, San Diego, San Francisco, and San Jose among others. Kinecta has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Kinecta is typically an average fee lendor.Originations
3,394Origination Dollar Volume (All Markets)
$1,506,180,000Awards
KINECTA - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Kinecta's average 30 year fixed rate mortgage of loans were
3.37%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.22%.
Relative Fees
Kinecta's average total fees for a 30 year fixed rate
mortgage are $5,357.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2,125 | $947,005,000 | $445,649 | $4,646 | 3.26% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 281 | $95,895,000 | $341,263 | $4,224 | 3.26% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 86 | $73,040,000 | $849,302 | $7,272 | 3.20% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 75 | $60,665,000 | $808,867 | $6,675 | 3.24% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 33 | $43,215,000 | $1,309,545 | $10,244 | 3.28% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 107 | $38,945,000 | $363,972 | $4,196 | 3.28% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 39 | $37,395,000 | $958,846 | $10,699 | 3.29% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 73 | $27,865,000 | $381,712 | $3,867 | 3.30% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 18 | $12,880,000 | $715,556 | $5,409 | 3.04% |
| ROCHESTER, NY (FHA|USDA|VA) | 95 | $12,825,000 | $135,000 | $3,831 | 3.16% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 38 | $11,950,000 | $314,474 | $3,229 | 3.20% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 33 | $10,325,000 | $312,879 | $4,158 | 3.02% |
| Outside of Metro Areas | 18 | $7,660,000 | $425,556 | $5,941 | 3.22% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 20 | $7,240,000 | $362,000 | $5,681 | 3.39% |
| Heber, UT (FHA|USDA|VA) | 3 | $6,725,000 | $2,241,667 | $12,167 | 3.08% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $6,285,000 | $897,857 | $8,234 | 3.48% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 15 | $5,125,000 | $341,667 | $4,657 | 3.27% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 12 | $4,870,000 | $405,833 | $5,315 | 3.06% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 13 | $4,855,000 | $373,462 | $4,948 | 3.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 15 | $4,395,000 | $293,000 | $4,532 | 3.27% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 13 | $4,245,000 | $326,538 | $4,788 | 2.98% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $4,075,000 | $1,358,333 | $15,159 | 3.21% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $4,035,000 | $310,385 | $3,965 | 3.32% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 16 | $3,880,000 | $242,500 | $4,771 | 2.90% |
| TUCSON, AZ (FHA|USDA|VA) | 12 | $3,030,000 | $252,500 | $5,464 | 3.03% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $2,975,000 | $595,000 | $6,216 | 2.85% |
| SALINAS, CA (FHA|USDA|VA) | 6 | $2,970,000 | $495,000 | $5,577 | 3.33% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $2,755,000 | $306,111 | $4,505 | 3.22% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 4 | $2,720,000 | $680,000 | $7,727 | 3.47% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $2,570,000 | $1,285,000 | $19,369 | 3.31% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $2,135,000 | $711,667 | $3,635 | 3.34% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $3,472 | 3.17% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,900,000 | $475,000 | $3,465 | 3.44% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $2,849 | 3.25% |
| STOCKTON, CA (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $4,361 | 3.21% |
| Hilo, HI (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $9,963 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $4,015 | 3.02% |
| FRESNO, CA (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $2,633 | 3.25% |
| SALEM, OR (FHA|USDA|VA) | 2 | $1,480,000 | $740,000 | $3,555 | 3.65% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $4,354 | 3.29% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $2,978 | 3.33% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $4,915 | 2.91% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $2,812 | 3.19% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $1,115,000 | $1,115,000 | $7,372 | 3.13% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $2,961 | 3.29% |
| BEND, OR (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $5,140 | 3.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $3,829 | 3.23% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $4,911 | 3.22% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $3,813 | 2.90% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $5,533 | 3.38% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $2,941 | 2.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,376 | 2.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $4,540 | 2.79% |
| TULSA, OK (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,135 | 3.08% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,760 | 3.69% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $5,100 | 3.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $3,494 | 3.13% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,399 | 3.75% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $9,498 | 3.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $6,662 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,842 | 3.06% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,310 | 3.13% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,246 | 3.13% |
| NILES, MI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,598 | 3.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $515,000 | $103,000 | $3,582 | 2.98% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,882 | 2.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,052 | 3.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,133 | 3.44% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,319 | 3.81% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $2,237 | 3.67% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,304 | 2.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,905 | 2.44% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,154 | 3.38% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,365 | 3.13% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,221 | 3.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,021 | 2.88% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,725 | 3.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,431 | 3.38% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,408 | 3.13% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,338 | 3.00% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $7,156 | 3.38% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,735 | 3.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,836 | 3.13% |
| CHICO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,164 | 3.38% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,306 | 4.44% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,629 | 2.88% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,550 | 3.56% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,755 | 3.13% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,783 | 3.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,343 | 2.88% |
| Centralia, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,652 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,288 | 3.38% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,398 | 2.88% |
| Sonora, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,332 | 3.13% |
| Newport, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,443 | 3.13% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.38% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $6,425 | 3.13% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,078 | 2.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,383 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,281 | 2.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,884 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,793 | 3.13% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,370 | 3.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,144 | 2.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,517 | 2.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,810 | 2.99% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,477 | 2.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,594 | 2.25% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,568 | 3.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $3,041 | 3.42% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,565 | 3.38% |
| Olean, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,386 | 3.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,500 | 2.50% |
| MERCED, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,191 | 3.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,663 | 3.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,070 | 2.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,531 | 3.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,716 | 3.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,729 | 2.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,601 | 2.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,322 | 2.75% |
| Corning, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,505 | 3.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,515 | 2.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,576 | 2.75% |
| MONROE, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,056 | 2.75% |
| AKRON, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,605 | 3.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,175 | 2.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,012 | 2.88% |
| Connersville, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,600 | 2.88% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,070 | 3.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,946 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $250 | 4.13% |
| Durango, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.38% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.00% |
Kinecta's top markets include Los Angeles, Riverside, San Diego, San Francisco, and San Jose among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 3,386 | $1,504,280,000 | $444,265 | $4,791 | 3.24% |
| FHA | 7 | $1,785,000 | $255,000 | $9,015 | 3.21% |
| VA | 1 | $115,000 | $115,000 | $6,576 | 2.75% |
For the 2021 period, Kinecta's most frequently originated loan type of loans were Conventional, with 3,386 originations. Their 2nd most popular type is FHA, with 7 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 2,315 | $726,505,000 | $313,825 | $3,689 | 3.33% |
| Refi | 573 | $276,785,000 | $483,045 | $3,726 | 3.02% |
| Home Purchase | 497 | $502,325,000 | $1,010,714 | $9,535 | 3.10% |
| Home Improvement | 9 | $565,000 | $62,778 | $1,225 | 3.96% |
For the 2021, Kinecta's most frequently cited loan purpose of loans were Cash Out Refi, with 2,315 originations. The 2nd most popular reason of loans were Refi, with 573 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,677 | $1,272,565,000 | $475,370 | $5,357 | 3.37% |
| 15 Year | 471 | $167,805,000 | $356,274 | $3,493 | 2.73% |
| 20 Year | 163 | $46,075,000 | $282,669 | $2,967 | 3.07% |
| 10 Year | 62 | $11,220,000 | $180,968 | $2,740 | 2.38% |
| Other | 21 | $8,515,000 | $405,476 | $3,430 | 3.03% |
For the 2021, Kinecta's most frequently cited loan length of loans were 30 Year, with 2,677 originations. The 2nd most popular length of loans were 15 Year, with 471 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,324 | $728,570,000 | $550,279 |
| $1k-2k | 537 | $155,635,000 | $289,823 |
| $2k-3k | 275 | $128,215,000 | $466,236 |
| $3k-4k | 228 | $127,510,000 | $559,254 |
| $5k+ | 215 | $196,405,000 | $913,512 |
$5,357 of loans were Kinecta's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,324 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,483 | $741,275,000 | $499,848 |
| 2.5-3% | 1,366 | $653,920,000 | $478,712 |
| <2.5% | 298 | $74,230,000 | $249,094 |
| 4-5% | 237 | $35,795,000 | $151,034 |
| 5-6% | 10 | $960,000 | $96,000 |
During 2021, Kinecta's average interest rate of loans were 3.37%, while their most frequently originated rate bucket of loans were 3-4%, with 1,483 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,165 | $335,395,000 | $287,893 | $3,537 | 3.10% |
| $100k-200k | 670 | $94,710,000 | $141,358 | $3,046 | 3.38% |
| $400k-600k | 579 | $282,685,000 | $488,230 | $4,298 | 3.08% |
| $100,000 or less | 375 | $22,925,000 | $61,133 | $2,368 | 3.90% |
| $600k-1MM | 346 | $259,330,000 | $749,509 | $5,732 | 3.08% |
| $1MM+ | 259 | $511,135,000 | $1,973,494 | $13,562 | 3.18% |
2021 saw Kinecta place emphasis on $200k-400k loans with 1,165 originations, totaling $335,395,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 827 | $347,835,000 | $420,599 | $4,824 | 3.30% |
| $100k-150k | 793 | $247,675,000 | $312,327 | $3,991 | 3.27% |
| $250k+ | 544 | $563,250,000 | $1,035,386 | $8,941 | 3.27% |
| $75k-100k | 502 | $134,410,000 | $267,749 | $3,641 | 3.21% |
| $50k-75k | 423 | $94,255,000 | $222,825 | $3,428 | 3.12% |
| $50k or less | 184 | $29,880,000 | $162,391 | $3,204 | 3.18% |
Kinecta lent most frequently to those with incomes in the $150k-250k range, with 827 originations. The second most popular income band? $100k-150k, with 793 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 764 | $292,340,000 | $382,644 | $4,471 | 3.18% |
| 30-36% | 572 | $254,460,000 | $444,860 | $4,884 | 3.24% |
| <20% | 335 | $135,555,000 | $404,642 | $4,109 | 3.14% |
| 49% | 175 | $83,395,000 | $476,543 | $5,596 | 3.36% |
| 44% | 132 | $49,970,000 | $378,561 | $4,308 | 3.21% |
| 42% | 125 | $54,805,000 | $438,440 | $5,054 | 3.27% |
| 39% | 125 | $56,605,000 | $452,840 | $5,021 | 3.35% |
| 43% | 124 | $43,630,000 | $351,855 | $4,571 | 3.32% |
| 41% | 122 | $58,430,000 | $478,934 | $4,966 | 3.22% |
| 40% | 119 | $53,555,000 | $450,042 | $5,619 | 3.35% |
| 45% | 114 | $48,700,000 | $427,193 | $4,876 | 3.25% |
| 46% | 113 | $61,125,000 | $540,929 | $5,696 | 3.27% |
| 48% | 112 | $64,700,000 | $577,679 | $5,345 | 3.21% |
| 38% | 108 | $44,910,000 | $415,833 | $4,475 | 3.27% |
| 47% | 106 | $52,100,000 | $491,509 | $6,043 | 3.39% |
| 37% | 100 | $53,380,000 | $533,800 | $4,954 | 3.12% |
| 36% | 99 | $31,605,000 | $319,242 | $4,068 | 3.40% |
| 50-60% | 18 | $6,680,000 | $371,111 | $6,912 | 3.47% |
| >60% | 4 | $1,280,000 | $320,000 | $4,406 | 2.94% |
Kinecta lent most frequently to those with DTI ratios of 20-30%, with 764 originations. The next most common DTI ratio? 30-36%, with 572 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,028 | $914,420,000 | $450,897 | $4,981 | 3.25% |
| Not provided | 590 | $228,480,000 | $387,254 | $4,529 | 3.23% |
| Asian | 407 | $193,805,000 | $476,179 | $4,875 | 3.22% |
| Black | 277 | $90,945,000 | $328,321 | $4,030 | 3.24% |
| Not applicable | 22 | $52,300,000 | $2,377,273 | $0 | 3.43% |
| American Indian | 33 | $11,605,000 | $351,667 | $4,242 | 3.30% |
| Native Hawaiian | 17 | $6,095,000 | $358,529 | $5,264 | 3.27% |
| Asian Indian | 8 | $4,560,000 | $570,000 | $12,084 | 3.78% |
| Other Asian | 3 | $1,675,000 | $558,333 | $3,172 | 3.25% |
| Filipino | 2 | $680,000 | $340,000 | $5,036 | 2.63% |
| Japanese | 3 | $565,000 | $188,333 | $2,693 | 2.75% |
| Guamanian | 1 | $465,000 | $465,000 | $3,045 | 2.13% |
| 2 | $330,000 | $165,000 | $2,245 | 3.44% | |
| Chinese | 1 | $255,000 | $255,000 | $2,483 | 2.88% |
Approval Rates
Total approvals of all applications93.20%
Kinecta has an average approval rate.
Pick Rate
Approvals leading to origination71.94%
Kinecta has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,394 | $1,506,180,000 | $443,777 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,394 | $1,506,180,000 | $443,777 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 725 | $222,825,000 | $307,345 | $3,338 | 3.12% |
| 40-60% | 923 | $492,715,000 | $533,819 | $4,189 | 2.98% |
| 60-80% | 774 | $558,460,000 | $721,525 | $6,424 | 3.12% |
| 80-100% | 250 | $143,200,000 | $572,800 | $6,366 | 3.11% |
| Over 100% | 1 | $1,205,000 | $1,205,000 | $0 | 4.05% |
| Under 20% | 721 | $87,775,000 | $121,741 | $2,788 | 3.89% |
