Kinecta Mortgage Rates, Fees & Info
Manhattan Beach, CALEI: 549300IKS3MMB5YK6T18
Tax ID: 95-6038909
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Mortgage Data
Review & Overview
Kinecta is a smaller mortgage company specializing in 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, San Francisco, San Jose, Riverside, and San Diego among others. We have data for 144 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.93% | 11/17/24 |
| 30 Year Conventional Refi | 6.02% | 11/17/24 |
| 30 Year Cash-out Refi | 6.17% | 11/17/24 |
| 30 Year FHA Purchase | 6.90% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.03% | 11/17/24 |
| 15 Year Conventional Purchase | 6.44% | 11/17/24 |
| 15 Year Conventional Refi | 6.10% | 11/17/24 |
| 15 Year Cash-out Refi | 6.10% | 11/17/24 |
| 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
1,796Origination Dollar Volume (All Markets)
$814,330,000Awards
KINECTA - 2023
KINECTA is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Kinecta's average 30 year fixed mortgage rate was
7.7%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.22%.
Relative Fees (Closing Costs)
Kinecta's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,349.
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 $9,089.
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) | 903 | $349,585,000 | $387,137 | $5,302 | 7.98% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 51 | $61,765,000 | $1,211,078 | $11,342 | 6.90% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 41 | $60,585,000 | $1,477,683 | $12,568 | 6.68% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 167 | $44,465,000 | $266,257 | $4,424 | 7.82% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 40 | $32,760,000 | $819,000 | $11,505 | 7.41% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 16 | $19,920,000 | $1,245,000 | $12,877 | 6.83% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 25 | $18,625,000 | $745,000 | $10,747 | 6.73% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 26 | $17,930,000 | $689,615 | $10,973 | 7.16% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 13 | $13,835,000 | $1,064,231 | $12,352 | 7.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 51 | $12,045,000 | $236,176 | $2,986 | 7.91% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 11 | $11,665,000 | $1,060,455 | $9,628 | 6.83% |
| ROCHESTER, NY (FHA|USDA|VA) | 104 | $11,400,000 | $109,615 | $2,426 | 7.77% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 30 | $10,090,000 | $336,333 | $6,992 | 8.15% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 10 | $8,690,000 | $869,000 | $9,691 | 5.76% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 2 | $7,770,000 | $3,885,000 | $24,506 | 5.94% |
| Heber, UT (FHA|USDA|VA) | 3 | $7,565,000 | $2,521,667 | $11,861 | 6.54% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 12 | $7,370,000 | $614,167 | $7,514 | 7.32% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $7,075,000 | $1,415,000 | $18,375 | 5.93% |
| Outside of Metro Areas | 11 | $5,935,000 | $539,545 | $8,240 | 6.78% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 14 | $5,890,000 | $420,714 | $5,762 | 6.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $4,935,000 | $1,645,000 | $29,420 | 6.50% |
| RENO, NV (FHA|USDA|VA) | 3 | $4,785,000 | $1,595,000 | $21,109 | 6.17% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 15 | $4,695,000 | $313,000 | $2,554 | 7.08% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $3,975,000 | $441,667 | $7,999 | 7.25% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $3,510,000 | $351,000 | $7,576 | 7.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 5 | $3,465,000 | $693,000 | $7,145 | 6.63% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $3,350,000 | $418,750 | $9,909 | 7.98% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $3,320,000 | $830,000 | $15,758 | 7.19% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $3,005,000 | $1,001,667 | $14,616 | 6.96% |
| Hilo, HI (FHA|USDA|VA) | 2 | $2,980,000 | $1,490,000 | $14,696 | 6.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 6 | $2,960,000 | $493,333 | $5,903 | 6.81% |
| Alexander City, AL (FHA|USDA|VA) | 2 | $1,890,000 | $945,000 | $6,679 | 6.50% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,885,000 | $628,333 | $11,841 | 7.21% |
| BEND, OR (FHA|USDA|VA) | 4 | $1,840,000 | $460,000 | $8,998 | 7.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $6,122 | 6.70% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $1,705,000 | $1,705,000 | $9,812 | 6.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $1,580,000 | $790,000 | $13,681 | 6.44% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $1,475,000 | $1,475,000 | $14,725 | 6.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $3,783 | 7.06% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $9,988 | 7.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $9,781 | 7.19% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $7,606 | 6.19% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $7,545 | 6.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 9 | $1,235,000 | $137,222 | $4,321 | 7.99% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $10,050 | 6.44% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $6,604 | 8.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $4,544 | 7.09% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $6,017 | 6.00% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $19,367 | 6.38% |
| Nogales, AZ (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $6,142 | 6.81% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $4,684 | 6.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $15,638 | 5.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $18,924 | 6.13% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $7,875 | 6.25% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $13,664 | 5.50% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,029 | 6.06% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $6,519 | 5.75% |
| Newport, OR (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $11,460 | 5.00% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $4,108 | 5.63% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $6,684 | 7.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $4,251 | 7.13% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $3,737 | 6.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $705,000 | $100,714 | $965 | 7.93% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $5,787 | 6.00% |
| RACINE, WI (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $8,023 | 7.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $5,379 | 5.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,645 | 6.04% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $6,096 | 6.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 7 | $565,000 | $80,714 | $1,807 | 8.20% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $2,752 | 8.06% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,198 | 6.94% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,215 | 7.19% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,780 | 5.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $1,650 | 7.69% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $9,178 | 5.88% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,370 | 6.25% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,404 | 5.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $420,000 | $70,000 | $0 | 8.48% |
| Helena, MT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,287 | 5.50% |
| Edwards, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.63% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,241 | 6.13% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,939 | 7.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,540 | 6.75% |
| EL CENTRO, CA (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $0 | 8.72% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,596 | 5.25% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,739 | 6.13% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,524 | 7.00% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $325,000 | $65,000 | $0 | 7.70% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,343 | 8.44% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $1,224 | 7.75% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,202 | 6.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,977 | 5.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,411 | 6.81% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,219 | 6.88% |
| REDDING, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,889 | 6.13% |
| NAPA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 9.38% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,998 | 5.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,629 | 6.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,337 | 7.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.13% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 8.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,990 | 6.88% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,067 | 6.75% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,122 | 5.38% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,106 | 6.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,934 | 7.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.25% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,249 | 8.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,054 | 7.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,238 | 5.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 8.56% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $675 | 8.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,010 | 5.25% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,616 | 6.75% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,192 | 7.88% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,654 | 6.13% |
| MERCED, CA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 9.56% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,184 | 7.13% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,137 | 6.25% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.38% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.75% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,447 | 6.88% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $550 | 9.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.25% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.63% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.50% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $550 | 8.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.63% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.13% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.63% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.88% |
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We use machine learning to identify the top lenders compared against KINECTA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Kinecta's most frequently originated type of loan was Conventional, with 1,047 originations. Their 2nd most popular type was HELOC, with 732 originations.
Loan Reason
For 2023, Kinecta's most frequently cited loan purpose was Refi, with 726 originations. The 2nd most popular reason was Cash Out Refi, with 551 originations.
Loan Duration/Length
For 2023, Kinecta's most frequently cited loan duration was 30 Year, with 1,299 originations. The 2nd most popular length was 20 Year, with 433 originations.
Origination Fees/Closing Costs
Kinecta's average total fees were $11,349, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 621 originations.
Interest Rates
During 2023, Kinecta's average interest rate for loans was 7.70%, while their most frequently originated rate bucket for loans was Over 8%, with 805 originations.
Loan Sizing
2023 saw Kinecta place emphasis on $100,000 or less loans with 507 originations, totaling $29,995,000 in origination value.
Applicant Income
Kinecta lent most frequently to those with incomes in the $150k-250k range, with 508 originations. The second most popular income band? $250k+, with 464 originations.
Applicant Debt to Income Ratio
Kinecta lent most frequently to those with DTI ratios of 49%, with 240 originations. The next most common DTI ratio? 30-36%, with 235 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.22%
Kinecta has an average approval rate.
Pick Rate
Approvals leading to origination81.63%
Kinecta has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,796 | $814,330,000 | $453,413 |