Clearpointe Capital Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 549300KJC5JP9WEY3D46

Tax ID: 86-0628165

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Janesville, Fond Du Lac, Green Bay, Appleton, and Madison among others. We have data for 11 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.

    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
    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






    Your Estimates

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

    This is not an official calculator from Clearpointe Capital. 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

    87

    Origination Dollar Volume (All Markets)

    $1,995,000

    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
    Outside of Metro Areas 29 $745,000 $25,690 $1,143 11.10%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 24 $500,000 $20,833 $1,419 11.45%
    FOND DU LAC, WI (FHA|USDA|VA) 6 $160,000 $26,667 $1,240 11.09%
    GREEN BAY, WI (FHA|USDA|VA) 4 $150,000 $37,500 $1,594 10.72%
    APPLETON, WI (FHA|USDA|VA) 8 $130,000 $16,250 $752 11.49%
    MADISON, WI (FHA|USDA|VA) 5 $125,000 $25,000 $1,160 9.80%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 5 $85,000 $17,000 $684 11.38%
    ROCHESTER, MN (FHA|USDA|VA) 1 $55,000 $55,000 $2,313 10.11%
    Menomonie, WI (FHA|USDA|VA) 1 $15,000 $15,000 $840 11.79%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $15,000 $15,000 $913 11.83%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $15,000 $5,000 $473 10.09%
    Clearpointe Capital's top markets include Janesville, Fond Du Lac, Green Bay, Appleton, and Madison among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 87 $1,995,000 $22,931 $1,167 11.13%

    For 2018, Clearpointe Capital's most frequently originated type of loan was Conventional, with 87 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $1,975,000 $23,235 $1,185 11.14%
    Refi 2 $20,000 $10,000 $388 10.67%

    For 2018, Clearpointe Capital's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 33 $685,000 $20,758 $1,270 11.41%
    5 Year 18 $160,000 $8,889 $510 11.18%
    Other 16 $260,000 $16,250 $820 11.46%
    20 Year 13 $655,000 $50,385 $2,158 9.96%
    15 Year 6 $200,000 $33,333 $1,331 11.29%
    1 Year 1 $35,000 $35,000 $1,340 9.60%

    For 2018, Clearpointe Capital's most frequently cited loan duration was 10 Year, with 33 originations. The 2nd most popular length was 5 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 57 $865,000 $15,175
    $1k-2k 21 $695,000 $33,095
    $2k-3k 7 $395,000 $56,429

    Clearpointe Capital's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 87 $1,995,000 $22,931

    During 2018, Clearpointe Capital's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 87 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 87 $1,995,000 $22,931 $1,167 11.13%

    2018 saw Clearpointe Capital place emphasis on $100,000 or less loans with 87 originations, totaling $1,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 55 $1,065,000 $19,364 $907 11.30%
    $50k-75k 24 $700,000 $29,167 $1,748 11.00%
    $75k-100k 6 $160,000 $26,667 $1,240 10.58%
    $100k-150k 1 $15,000 $15,000 $640 9.50%
    $150k-250k 1 $55,000 $55,000 $2,140 9.50%

    Clearpointe Capital lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 27 $665,000 $24,630 $1,558 11.00%
    30-36% 20 $390,000 $19,500 $891 11.47%
    <20% 11 $205,000 $18,636 $869 10.32%
    39% 8 $130,000 $16,250 $765 11.65%
    44% 4 $170,000 $42,500 $1,633 10.45%
    40% 3 $85,000 $28,333 $1,288 11.82%
    37% 3 $65,000 $21,667 $973 11.65%
    43% 3 $85,000 $28,333 $1,273 11.00%
    45% 2 $60,000 $30,000 $1,340 10.75%
    38% 2 $60,000 $30,000 $1,540 11.05%
    41% 1 $25,000 $25,000 $1,013 10.71%
    42% 1 $25,000 $25,000 $1,013 12.07%
    46% 1 $5,000 $5,000 $240 11.40%
    36% 1 $25,000 $25,000 $940 12.00%

    Clearpointe Capital lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? 30-36%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $1,755,000 $22,792 $1,181 11.10%
    Not provided 4 $100,000 $25,000 $990 11.37%
    American Indian 3 $85,000 $28,333 $1,331 11.22%
    Native Hawaiian or Islander 2 $30,000 $15,000 $840 10.85%
    Asian 1 $25,000 $25,000 $940 12.13%

    Approval Rates

    Total approvals of all applications
    73.46%

    Clearpointe Capital has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.22%

    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 87 $1,995,000 $22,931

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 87 $1,995,000 $22,931

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $5,000 $5,000 $540 9.25%
    40-60% 1 $25,000 $25,000 $1,013 10.71%
    60-80% 7 $175,000 $25,000 $1,083 10.62%
    80-100% 77 $1,775,000 $23,052 $1,192 11.19%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ClearPath Lending FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    ClearPath Lending VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%