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

Jump to:

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: 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.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    109

    Origination Dollar Volume (All Markets)

    $3,395,000

    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
    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%
    Clearpointe Capital's top markets include Oshkosh, Janesville, Whitewater, Faribault, and Appleton 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 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 37 $975,000 $26,351 $1,086 9.53%
    10 Year 27 $665,000 $24,630 $1,061 9.84%
    5 Year 19 $205,000 $10,789 $512 8.20%
    20 Year 14 $980,000 $70,000 $2,714 6.64%
    15 Year 12 $570,000 $47,500 $1,952 8.23%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 52 $1,270,000 $24,423 $1,035 9.00%
    $50k-75k 39 $1,265,000 $32,436 $1,344 8.96%
    $75k-100k 13 $575,000 $44,231 $1,814 8.56%
    $100k-150k 4 $260,000 $65,000 $2,308 6.94%
    $150k-250k 1 $25,000 $25,000 $940 9.00%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 42 $1,340,000 $31,905 $1,309 8.83%
    30-36% 20 $530,000 $26,500 $1,117 8.93%
    <20% 14 $370,000 $26,429 $1,102 8.86%
    36% 5 $225,000 $45,000 $1,774 8.15%
    37% 4 $210,000 $52,500 $2,165 8.44%
    42% 4 $110,000 $27,500 $1,140 10.31%
    40% 3 $75,000 $25,000 $973 9.42%
    39% 3 $105,000 $35,000 $1,597 8.58%
    41% 3 $85,000 $28,333 $1,306 9.58%
    43% 3 $135,000 $45,000 $1,506 7.50%
    44% 3 $65,000 $21,667 $906 8.92%
    38% 2 $90,000 $45,000 $1,940 9.13%
    45% 2 $50,000 $25,000 $940 9.50%
    47% 1 $5,000 $5,000 $540 7.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 101 $3,245,000 $32,129 $1,322 8.85%
    American Indian 4 $100,000 $25,000 $1,040 9.38%
    Asian 2 $30,000 $15,000 $740 9.00%
    Vietnamese 1 $15,000 $15,000 $640 7.50%
    Black 1 $5,000 $5,000 $213 8.75%

    Approval Rates

    Total approvals of all applications
    80.88%

    Clearpointe Capital has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    48.62%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    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%