Readycap Commercial Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300L8ZRL1FNUUOA59
Tax ID: 46-1043031
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Readycap Commercial is a mid-sized mortgage company specializing in Home Purchase loans. Readycap Commercial has a high proportion of conventional loans. Their top markets include Dallas, Phoenix, Atlanta, Houston, and Las Vegas among others. Readycap Commercial has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.Originations
277Origination Dollar Volume (All Markets)
$3,610,525,000Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 31 | $620,535,000 | $20,017,258 | $0 | 3.65% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 17 | $404,045,000 | $23,767,353 | $0 | 3.64% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $303,630,000 | $30,363,000 | $0 | 3.69% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 20 | $233,610,000 | $11,680,500 | $0 | 3.84% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 10 | $159,510,000 | $15,951,000 | $0 | 3.64% |
| Outside of Metro Areas | 9 | $151,445,000 | $16,827,222 | $0 | 4.19% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 14 | $136,090,000 | $9,720,714 | $0 | 3.96% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 21 | $118,545,000 | $5,645,000 | $0 | 3.76% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $111,490,000 | $13,936,250 | $0 | 3.81% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $104,005,000 | $104,005,000 | $0 | 5.45% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $78,655,000 | $78,655,000 | $0 | 4.10% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $66,755,000 | $66,755,000 | $0 | 3.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $55,540,000 | $9,256,667 | $0 | 3.58% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $55,090,000 | $9,181,667 | $0 | 3.69% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $51,465,000 | $10,293,000 | $0 | 4.14% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $44,280,000 | $22,140,000 | $0 | 4.03% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $43,130,000 | $21,565,000 | $0 | 3.20% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $42,660,000 | $10,665,000 | $0 | 3.64% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $41,565,000 | $5,937,857 | $0 | 3.59% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $39,655,000 | $39,655,000 | $0 | 3.20% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $39,195,000 | $39,195,000 | $0 | 3.75% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $38,845,000 | $12,948,333 | $0 | 3.98% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $33,535,000 | $11,178,333 | $0 | 3.69% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $32,470,000 | $8,117,500 | $0 | 3.71% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $32,205,000 | $32,205,000 | $0 | 3.36% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $28,165,000 | $9,388,333 | $0 | 3.56% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $27,875,000 | $9,291,667 | $0 | 3.87% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $26,310,000 | $13,155,000 | $0 | 3.80% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $26,025,000 | $26,025,000 | $0 | 3.35% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $24,455,000 | $24,455,000 | $0 | 3.40% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $23,180,000 | $11,590,000 | $0 | 3.78% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $21,700,000 | $10,850,000 | $0 | 3.74% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $21,485,000 | $7,161,667 | $0 | 3.92% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $20,170,000 | $10,085,000 | $0 | 3.72% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $19,425,000 | $6,475,000 | $0 | 3.66% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $18,645,000 | $6,215,000 | $0 | 4.19% |
| MADISON, WI (FHA|USDA|VA) | 2 | $17,380,000 | $8,690,000 | $0 | 4.20% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $16,805,000 | $16,805,000 | $0 | 3.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $16,245,000 | $5,415,000 | $0 | 4.55% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $16,190,000 | $8,095,000 | $0 | 3.95% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $14,155,000 | $14,155,000 | $0 | 3.30% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $14,150,000 | $3,537,500 | $0 | 4.35% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $13,445,000 | $13,445,000 | $0 | 4.15% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $11,810,000 | $5,905,000 | $0 | 3.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $11,540,000 | $5,770,000 | $0 | 4.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $11,040,000 | $5,520,000 | $0 | 3.84% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $10,105,000 | $10,105,000 | $0 | 4.60% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $10,060,000 | $5,030,000 | $0 | 4.73% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 2 | $9,770,000 | $4,885,000 | $0 | 4.40% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $9,195,000 | $9,195,000 | $0 | 4.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $8,665,000 | $8,665,000 | $0 | 4.15% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $8,610,000 | $4,305,000 | $0 | 4.09% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $8,355,000 | $8,355,000 | $0 | 4.50% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $7,730,000 | $3,865,000 | $0 | 3.42% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $7,705,000 | $7,705,000 | $0 | 4.00% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $7,660,000 | $3,830,000 | $0 | 3.25% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $7,255,000 | $7,255,000 | $0 | 3.60% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $7,030,000 | $3,515,000 | $0 | 4.31% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $6,635,000 | $6,635,000 | $0 | 4.60% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $5,935,000 | $5,935,000 | $0 | 3.74% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $5,885,000 | $5,885,000 | $0 | 3.57% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $5,415,000 | $1,805,000 | $0 | 3.71% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $4,605,000 | $4,605,000 | $0 | 4.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $0 | 4.40% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $3,960,000 | $1,980,000 | $0 | 3.59% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $3,585,000 | $3,585,000 | $0 | 3.26% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $3,260,000 | $1,630,000 | $0 | 3.12% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $2,905,000 | $2,905,000 | $0 | 3.54% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $2,855,000 | $2,855,000 | $0 | 4.65% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $2,705,000 | $2,705,000 | $0 | 3.20% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $2,605,000 | $2,605,000 | $0 | 4.80% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $2,575,000 | $2,575,000 | $0 | 3.30% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 3.98% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 4.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $1,905,000 | $1,905,000 | $0 | 4.70% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $1,645,000 | $1,645,000 | $0 | 3.78% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $0 | 3.11% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 4.02% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 3.57% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $0 | 4.68% |
Readycap Commercial 's top markets include Dallas, Phoenix, Atlanta, Houston, and Las Vegas among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 277 | $3,610,525,000 | $13,034,386 | $0 | 3.82% |
For the 2021 period, Readycap Commercial 's most frequently originated loan type of loans were Conventional, with 277 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 189 | $3,118,245,000 | $16,498,651 | $0 | 3.90% |
| Cash Out Refi | 43 | $135,645,000 | $3,154,535 | $0 | 3.53% |
| Refi | 25 | $274,085,000 | $10,963,400 | $0 | 4.07% |
| NA | 14 | $67,000,000 | $4,785,714 | $0 | 3.52% |
| Other | 6 | $15,550,000 | $2,591,667 | $0 | 3.11% |
For the 2021, Readycap Commercial 's most frequently cited loan purpose of loans were Home Purchase, with 189 originations. The 2nd most popular reason of loans were Cash Out Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 3 Year | 128 | $2,734,290,000 | $21,361,641 | $0 | 3.79% |
| Other | 70 | $574,960,000 | $8,213,714 | $0 | 4.14% |
| 10 Year | 41 | $111,905,000 | $2,729,390 | $0 | 3.62% |
| 20 Year | 25 | $75,655,000 | $3,026,200 | $0 | 3.39% |
| 5 Year | 10 | $104,270,000 | $10,427,000 | $0 | 3.54% |
| 1 Year | 3 | $9,445,000 | $3,148,333 | $0 | 4.63% |
For the 2021, Readycap Commercial 's most frequently cited loan length of loans were 3 Year, with 128 originations. The 2nd most popular length of loans were Other, with 70 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 189 | $2,714,365,000 | $14,361,720 |
| 4-5% | 75 | $646,265,000 | $8,616,867 |
| 5-6% | 8 | $175,310,000 | $21,913,750 |
| 2.5-3% | 5 | $74,585,000 | $14,917,000 |
During 2021, Readycap Commercial 's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 3-4%, with 189 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 277 | $3,610,525,000 | $13,034,386 | $0 | 3.82% |
2021 saw Readycap Commercial place emphasis on $1MM+ loans with 277 originations, totaling $3,610,525,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 277 | $3,610,525,000 | $13,034,386 | $0 | 3.82% |
Approval Rates
Total approvals of all applications90.17%
Readycap Commercial has an average approval rate.
Pick Rate
Approvals leading to origination37.29%
Readycap Commercial 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 | 277 | $3,610,525,000 | $13,034,386 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 277 | $3,610,525,000 | $13,034,386 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 5 | $200,815,000 | $40,163,000 | $0 | 3.53% |
| 40-60% | 33 | $174,775,000 | $5,296,212 | $0 | 3.50% |
| 60-80% | 133 | $1,216,695,000 | $9,148,083 | $0 | 3.85% |
| 80-100% | 99 | $1,956,015,000 | $19,757,727 | $0 | 3.86% |
| Over 100% | 7 | $62,225,000 | $8,889,286 | $0 | 4.35% |
