Clearpointe Capital Mortgage Rates, Fees & Info

PHOENIX, AZ

LEI: 549300KJC5JP9WEY3D46

Tax ID: 86-0628165

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, 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.

    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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    Originations

    86

    Origination Dollar Volume (All Markets)

    $1,920,000

    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
    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%
    Clearpointe Capital's top markets include Janesville, Oshkosh, Faribault, Milwaukee, 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 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 25 $225,000 $9,000 $450 9.06%
    Other 25 $485,000 $19,400 $927 10.09%
    15 Year 17 $565,000 $33,235 $1,328 10.03%
    20 Year 10 $480,000 $48,000 $2,019 9.60%
    10 Year 9 $165,000 $18,333 $870 10.42%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 55 $1,135,000 $20,636 $927 9.70%
    $50k-75k 24 $620,000 $25,833 $1,118 9.75%
    $75k-100k 6 $140,000 $23,333 $1,023 10.46%
    $100k-150k 1 $25,000 $25,000 $1,040 9.00%

    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 $565,000 $20,926 $901 9.87%
    30-36% 23 $525,000 $22,826 $1,053 9.68%
    <20% 12 $200,000 $16,667 $766 9.58%
    37% 5 $145,000 $29,000 $1,194 9.75%
    39% 4 $60,000 $15,000 $790 9.50%
    36% 4 $150,000 $37,500 $1,533 9.56%
    38% 3 $95,000 $31,667 $1,364 9.67%
    41% 3 $55,000 $18,333 $873 10.25%
    42% 3 $55,000 $18,333 $740 10.08%
    40% 1 $45,000 $45,000 $2,140 9.25%
    44% 1 $25,000 $25,000 $940 10.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $1,665,000 $21,076 $941 9.75%
    Black 2 $60,000 $30,000 $1,190 10.38%
    Asian 1 $55,000 $55,000 $2,313 8.50%
    Other Asian 1 $45,000 $45,000 $1,740 10.75%
    American Indian 1 $45,000 $45,000 $1,940 10.25%
    Native Hawaiian or Islander 1 $45,000 $45,000 $2,040 10.00%
    Korean 1 $5,000 $5,000 $240 8.75%

    Approval Rates

    Total approvals of all applications
    78.95%

    Clearpointe Capital has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.47%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $10,000 $5,000 $540 9.00%
    60-80% 9 $195,000 $21,667 $1,017 10.44%
    80-100% 74 $1,700,000 $22,973 $1,003 9.70%
    Over 100% 1 $15,000 $15,000 $540 9.00%

    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%