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 Cash Out Refi, Home Purchase, and Refi 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 Diego, Oxnard, and San Francisco among others. We have data for 72 markets. (Some data included below & more in-depth data is available with an active subscription.)Kinecta 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. Kinecta is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.93% | 4/18/24 |
| 30 Year Conventional Refi | 6.02% | 4/18/24 |
| 30 Year Cash-out Refi | 6.17% | 4/18/24 |
| 30 Year FHA Purchase | 6.90% | 4/18/24 |
| 30 Year FHA Refi | 6.27% | 4/18/24 |
| 30 Year VA Purchase | 6.03% | 4/18/24 |
| 15 Year Conventional Purchase | 6.44% | 4/18/24 |
| 15 Year Conventional Refi | 6.10% | 4/18/24 |
| 15 Year Cash-out Refi | 6.10% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
981Origination Dollar Volume (All Markets)
$454,465,000Awards
KINECTA - 2018
KINECTA is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 601 | $290,175,000 | $482,820 | $5,221 | 4.58% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 98 | $33,800,000 | $344,898 | $5,292 | 4.70% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 35 | $19,515,000 | $557,571 | $5,694 | 4.34% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 27 | $13,875,000 | $513,889 | $5,173 | 4.52% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 19 | $13,635,000 | $717,632 | $3,652 | 4.41% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 14 | $10,760,000 | $768,571 | $4,681 | 4.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 12 | $8,080,000 | $673,333 | $6,397 | 4.82% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $6,280,000 | $1,570,000 | $4,737 | 5.09% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 11 | $4,835,000 | $439,545 | $3,568 | 4.30% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 10 | $3,910,000 | $391,000 | $4,143 | 4.55% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 20 | $3,770,000 | $188,500 | $4,376 | 4.59% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $2,905,000 | $415,000 | $4,198 | 4.36% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $2,710,000 | $1,355,000 | $3,130 | 4.76% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 10 | $2,370,000 | $237,000 | $5,078 | 4.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $2,095,000 | $698,333 | $3,311 | 4.21% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $1,860,000 | $930,000 | $3,220 | 3.81% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $3,687 | 4.59% |
| RENO, NV (FHA|USDA|VA) | 1 | $1,615,000 | $1,615,000 | $3,278 | 4.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $3,572 | 4.73% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $1,540,000 | $256,667 | $4,922 | 4.71% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $4,031 | 4.84% |
| Outside of Metro Areas | 3 | $1,505,000 | $501,667 | $4,118 | 4.17% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $5,336 | 4.85% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $4,401 | 4.56% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $4,525 | 4.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $4,949 | 4.25% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $6,470 | 4.19% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $4,290 | 4.38% |
| REDDING, CA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 5.20% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $4,921 | 3.94% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $5,108 | 4.75% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $5,752 | 4.63% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,105 | 4.92% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $6,123 | 4.63% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $9,461 | 4.31% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,444 | 5.06% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,853 | 4.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 3.88% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,161 | 4.75% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,252 | 5.38% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $3,990 | 4.56% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,975 | 3.75% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,697 | 4.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,780 | 4.75% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,959 | 5.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,287 | 4.31% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,869 | 4.38% |
| SALEM, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,563 | 4.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,769 | 5.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,659 | 5.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,113 | 5.25% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,069 | 4.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,483 | 4.71% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,520 | 5.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,480 | 4.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,736 | 4.63% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,619 | 4.94% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,290 | 4.88% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,441 | 5.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,852 | 4.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,413 | 4.69% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,089 | 4.38% |
| CHICO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,485 | 3.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,571 | 5.13% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,217 | 4.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,537 | 4.75% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,042 | 4.75% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,135 | 4.25% |
| Newport, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,711 | 4.13% |
| MERCED, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,416 | 4.63% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,653 | 5.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,621 | 4.75% |
Similar Lenders
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 2018, Kinecta's most frequently originated type of loan was Conventional, with 914 originations. Their 2nd most popular type was FHA, with 62 originations.
Loan Reason
For 2018, Kinecta's most frequently cited loan purpose was Cash Out Refi, with 431 originations. The 2nd most popular reason was Home Purchase, with 378 originations.
Loan Duration/Length
For 2018, Kinecta's most frequently cited loan duration was 30 Year, with 793 originations. The 2nd most popular length was 15 Year, with 152 originations.
Origination Fees/Closing Costs
Kinecta's average total fees were $5,281, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 505 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 636 | $270,070,000 | $424,638 |
| 3-4% | 174 | $110,450,000 | $634,770 |
| 5-6% | 164 | $71,690,000 | $437,134 |
| 6-7% | 7 | $2,255,000 | $322,143 |
During 2018, Kinecta's average interest rate for loans was 4.55%, while their most frequently originated rate bucket for loans was 4-5%, with 636 originations.
Loan Sizing
2018 saw Kinecta place emphasis on $200k-400k loans with 335 originations, totaling $99,085,000 in origination value.
Applicant Income
Kinecta lent most frequently to those with incomes in the $100k-150k range, with 232 originations. The second most popular income band? $150k-250k, with 208 originations.
Applicant Debt to Income Ratio
Kinecta lent most frequently to those with DTI ratios of 20-30%, with 128 originations. The next most common DTI ratio? 30-36%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.55%
Kinecta has an average approval rate.
Pick Rate
Approvals leading to origination58.61%
Kinecta 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 | 981 | $454,465,000 | $463,267 |