Readycap Commercial Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300L8ZRL1FNUUOA59
Tax ID: 46-1043031
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Mortgage Data
Review & Overview
Readycap Commercial is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Readycap Commercial has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Austin, Los Angeles, Phoenix, and Kingston among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)Readycap Commercial 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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Originations
77Origination Dollar Volume (All Markets)
$546,625,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $70,605,000 | $70,605,000 | $0 | 10.83% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $65,610,000 | $32,805,000 | $0 | 8.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $62,245,000 | $8,892,143 | $0 | 7.19% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $59,915,000 | $59,915,000 | $0 | 10.38% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $48,005,000 | $48,005,000 | $0 | 10.32% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $23,545,000 | $23,545,000 | $0 | 10.11% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $19,670,000 | $4,917,500 | $0 | 5.77% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $18,805,000 | $3,761,000 | $0 | 5.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $18,705,000 | $3,741,000 | $0 | 5.55% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $13,335,000 | $2,667,000 | $0 | 6.24% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $10,745,000 | $3,581,667 | $0 | 5.49% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $10,180,000 | $2,545,000 | $0 | 6.30% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $8,110,000 | $2,027,500 | $0 | 6.21% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $7,505,000 | $7,505,000 | $0 | 5.24% |
| TULSA, OK (FHA|USDA|VA) | 1 | $7,505,000 | $7,505,000 | $0 | 5.70% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $7,055,000 | $7,055,000 | $0 | 5.29% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $6,745,000 | $6,745,000 | $0 | 7.03% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $6,375,000 | $6,375,000 | $0 | 5.71% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $5,915,000 | $5,915,000 | $0 | 4.84% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $5,485,000 | $5,485,000 | $0 | 6.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $5,255,000 | $1,751,667 | $0 | 6.02% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $5,095,000 | $5,095,000 | $0 | 6.09% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $5,035,000 | $5,035,000 | $0 | 6.83% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $4,680,000 | $2,340,000 | $0 | 5.24% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $4,385,000 | $4,385,000 | $0 | 5.44% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $3,885,000 | $3,885,000 | $0 | 5.32% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $3,795,000 | $3,795,000 | $0 | 6.29% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $3,285,000 | $3,285,000 | $0 | 6.27% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $3,125,000 | $3,125,000 | $0 | 5.65% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $3,075,000 | $3,075,000 | $0 | 6.78% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $3,055,000 | $3,055,000 | $0 | 6.15% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $2,725,000 | $2,725,000 | $0 | 5.32% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $2,695,000 | $2,695,000 | $0 | 6.33% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $2,645,000 | $2,645,000 | $0 | 6.69% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $2,455,000 | $2,455,000 | $0 | 7.01% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $2,415,000 | $2,415,000 | $0 | 6.29% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $2,415,000 | $2,415,000 | $0 | 6.15% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $1,975,000 | $1,975,000 | $0 | 6.33% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $1,695,000 | $1,695,000 | $0 | 5.49% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,625,000 | $1,625,000 | $0 | 5.91% |
| Outside of Metro Areas | 1 | $1,355,000 | $1,355,000 | $0 | 5.69% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $1,335,000 | $1,335,000 | $0 | 5.82% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $0 | 6.99% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $0 | 6.37% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 77 | $546,625,000 | $7,099,026 | $0 | 6.35% |
For 2024, Readycap Commercial's most frequently originated type of loan was Conventional, with 77 originations.
Loan Reason
For 2024, Readycap Commercial's most frequently cited loan purpose was Cash Out Refi, with 41 originations. The 2nd most popular reason was Home Purchase, with 28 originations.
Loan Duration/Length
For 2024, Readycap Commercial's most frequently cited loan duration was Other, with 32 originations. The 2nd most popular length was 5 Year, with 28 originations.
Interest Rates
During 2024, Readycap Commercial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 33 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 77 | $546,625,000 | $7,099,026 | $0 | 6.35% |
2024 saw Readycap Commercial place emphasis on $1MM+ loans with 77 originations, totaling $546,625,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 77 | $546,625,000 | $7,099,026 | $0 | 6.35% |
Approval Rates
Total approvals of all applications84.82%
Readycap Commercial has a below average approval rate.
Pick Rate
Approvals leading to origination83.12%
Readycap Commercial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 77 | $546,625,000 | $7,099,026 |