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: Janesville, Oshkosh, Faribault, Milwaukee, and Madison among others. We have data for 18 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
86Origination Dollar Volume (All Markets)
$1,920,000Top 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 |
|---|---|---|---|---|---|
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 19 | $345,000 | $18,158 | $779 | 9.75% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 10 | $260,000 | $26,000 | $1,190 | 9.78% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $2,488 | 8.56% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $210,000 | $35,000 | $1,456 | 10.25% |
| MADISON, WI (FHA|USDA|VA) | 7 | $135,000 | $19,286 | $968 | 10.11% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $1,406 | 9.83% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 5 | $105,000 | $21,000 | $900 | 10.20% |
| ST. CLOUD, MN (FHA|USDA|VA) | 6 | $100,000 | $16,667 | $729 | 9.46% |
| Beaver Dam, WI (FHA|USDA|VA) | 7 | $95,000 | $13,571 | $697 | 9.54% |
| GREEN BAY, WI (FHA|USDA|VA) | 3 | $55,000 | $18,333 | $806 | 10.08% |
| Outside of Metro Areas | 6 | $50,000 | $8,333 | $523 | 9.08% |
| Winona, MN (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $913 | 10.38% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,740 | 10.75% |
| APPLETON, WI (FHA|USDA|VA) | 3 | $35,000 | $11,667 | $606 | 9.58% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,440 | 10.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $940 | 10.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $940 | 10.50% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $640 | 9.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 86 | $1,920,000 | $22,326 | $989 | 9.76% |
For 2019, Clearpointe Capital's most frequently originated type of loan was Conventional, with 86 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 84 | $1,890,000 | $22,500 | $1,004 | 9.76% |
| Refi | 2 | $30,000 | $15,000 | $363 | 9.63% |
For 2019, Clearpointe Capital's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
For 2019, Clearpointe Capital's most frequently cited loan duration was 5 Year, with 25 originations. The 2nd most popular length was Other, with 25 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 59 | $835,000 | $14,153 |
| $1k-2k | 20 | $690,000 | $34,500 |
| $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 59 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 83 | $1,805,000 | $21,747 |
| 7-8% | 3 | $115,000 | $38,333 |
During 2019, Clearpointe Capital's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 83 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 86 | $1,920,000 | $22,326 | $989 | 9.76% |
2019 saw Clearpointe Capital place emphasis on $100,000 or less loans with 86 originations, totaling $1,920,000 in origination value.
Applicant Income
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
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 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.95%
Clearpointe Capital has a below average approval rate.
Pick Rate
Approvals leading to origination60.47%
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 | 86 | $1,920,000 | $22,326 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 86 | $1,920,000 | $22,326 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ClearPath Lending | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 83.3% |
| ClearPath Lending | VA mortgage | Closing on a mortgage | 1 | 16.7% |