Clearpointe Capital Mortgage Rates, Fees & Info
PHOENIX, AZLEI: 549300KJC5JP9WEY3D46
Tax ID: 86-0628165
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Mortgage Data
Review & Overview
Clearpointe Capital is a smaller mortgage company specializing in Home Purchase loans. Clearpointe Capital has a high proportion of conventional loans. Their top markets by origination volume include: Watertown, Janesville, Whitewater, Oshkosh, and Platteville among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Clearpointe Capital 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 12.07% | 3/24/24 |
| 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. | ||
Clearpointe Capital Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
43Origination Dollar Volume (All Markets)
$1,805,000Top 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 |
|---|---|---|---|---|---|
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 6 | $390,000 | $65,000 | $2,273 | 7.54% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 8 | $370,000 | $46,250 | $1,902 | 10.13% |
| Whitewater, WI (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $2,840 | 8.33% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $2,090 | 9.06% |
| Platteville, WI (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,940 | 10.25% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $1,140 | 10.50% |
| Beaver Dam, WI (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $1,373 | 9.50% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $1,340 | 9.25% |
| FOND DU LAC, WI (FHA|USDA|VA) | 3 | $65,000 | $21,667 | $1,006 | 10.42% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,740 | 10.25% |
| Outside of Metro Areas | 2 | $40,000 | $20,000 | $890 | 9.38% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,740 | 10.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,240 | 11.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,213 | 11.00% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $540 | 9.50% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $640 | 8.75% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $513 | 8.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 43 | $1,805,000 | $41,977 | $1,680 | 9.43% |
For 2022, Clearpointe Capital's most frequently originated type of loan was Conventional, with 43 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 43 | $1,805,000 | $41,977 | $1,680 | 9.43% |
For 2022, Clearpointe Capital's most frequently cited loan purpose was Home Purchase, with 43 originations.
Loan Duration/Length
For 2022, Clearpointe Capital's most frequently cited loan duration was Other, with 12 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 22 | $750,000 | $34,091 |
| $2k-3k | 13 | $925,000 | $71,154 |
| $<1k | 8 | $130,000 | $16,250 |
Clearpointe Capital's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 22 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 37 | $1,345,000 | $36,351 |
| 7-8% | 3 | $215,000 | $71,667 |
| 3-4% | 2 | $190,000 | $95,000 |
| 6-7% | 1 | $55,000 | $55,000 |
During 2022, Clearpointe Capital's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 37 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 42 | $1,690,000 | $40,238 | $1,653 | 9.56% |
| $100k-200k | 1 | $115,000 | $115,000 | $2,840 | 4.00% |
2022 saw Clearpointe Capital place emphasis on $100,000 or less loans with 42 originations, totaling $1,690,000 in origination value.
Applicant Income
Clearpointe Capital lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $50k or less, with 17 originations.
Applicant Debt to Income Ratio
Clearpointe Capital lent most frequently to those with DTI ratios of 30-36%, with 13 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.76%
Clearpointe Capital has a below average approval rate.
Pick Rate
Approvals leading to origination25.58%
Clearpointe 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 | 43 | $1,805,000 | $41,977 |