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: Oshkosh, Janesville, Whitewater, Faribault, and Appleton among others. We have data for 21 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
109Origination Dollar Volume (All Markets)
$3,395,000Top 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 |
|---|---|---|---|---|---|
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 13 | $575,000 | $44,231 | $1,755 | 8.33% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 23 | $565,000 | $24,565 | $1,061 | 8.89% |
| Whitewater, WI (FHA|USDA|VA) | 7 | $375,000 | $53,571 | $1,997 | 7.75% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $2,358 | 7.20% |
| Outside of Metro Areas | 14 | $270,000 | $19,286 | $866 | 9.04% |
| APPLETON, WI (FHA|USDA|VA) | 9 | $245,000 | $27,222 | $1,117 | 9.44% |
| MADISON, WI (FHA|USDA|VA) | 8 | $230,000 | $28,750 | $1,202 | 9.19% |
| Beaver Dam, WI (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $2,040 | 7.83% |
| FOND DU LAC, WI (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $1,490 | 9.88% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $1,206 | 9.67% |
| Stevens Point, WI (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $1,073 | 9.17% |
| GREEN BAY, WI (FHA|USDA|VA) | 3 | $65,000 | $21,667 | $1,006 | 9.25% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 3 | $65,000 | $21,667 | $940 | 9.33% |
| Platteville, WI (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $1,240 | 9.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,340 | 7.50% |
| Winona, MN (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $688 | 9.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,340 | 10.50% |
| Marinette, WI-MI (FHA|USDA|VA) | 2 | $30,000 | $15,000 | $560 | 9.25% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $940 | 9.75% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $640 | 8.50% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $213 | 8.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 109 | $3,395,000 | $31,147 | $1,284 | 8.86% |
For 2021, Clearpointe Capital's most frequently originated type of loan was Conventional, with 109 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 107 | $3,355,000 | $31,355 | $1,301 | 8.85% |
| Refi | 2 | $40,000 | $20,000 | $388 | 9.50% |
For 2021, Clearpointe Capital's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
For 2021, Clearpointe Capital's most frequently cited loan duration was Other, with 37 originations. The 2nd most popular length was 10 Year, with 27 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 50 | $840,000 | $16,800 |
| $1k-2k | 39 | $1,215,000 | $31,154 |
| $2k-3k | 20 | $1,340,000 | $67,000 |
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 50 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 81 | $1,975,000 | $24,383 |
| 7-8% | 19 | $805,000 | $42,368 |
| 6-7% | 6 | $360,000 | $60,000 |
| 3-4% | 3 | $255,000 | $85,000 |
During 2021, Clearpointe Capital's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 81 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 109 | $3,395,000 | $31,147 | $1,284 | 8.86% |
2021 saw Clearpointe Capital place emphasis on $100,000 or less loans with 109 originations, totaling $3,395,000 in origination value.
Applicant Income
Clearpointe Capital lent most frequently to those with incomes in the $50k or less range, with 52 originations. The second most popular income band? $50k-75k, with 39 originations.
Applicant Debt to Income Ratio
Clearpointe Capital lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.88%
Clearpointe Capital has a below average approval rate.
Pick Rate
Approvals leading to origination48.62%
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 | 109 | $3,395,000 | $31,147 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 4 | $20,000 | $5,000 | $590 | 8.00% |
| 60-80% | 21 | $555,000 | $26,429 | $1,233 | 9.31% |
| 80-100% | 84 | $2,820,000 | $33,571 | $1,330 | 8.79% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ClearPath Lending | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| ClearPath Lending | Conventional home mortgage | Trouble during payment process | 1 | 6.7% |
| ClearPath Lending | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 11 | 73.3% |
| ClearPath Lending | VA mortgage | Improper use of your report | 1 | 6.7% |
| ClearPath Lending | VA mortgage | Trouble during payment process | 1 | 6.7% |