Readycap Commercial Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300L8ZRL1FNUUOA59
Tax ID: 46-1043031
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Readycap Commercial is a mid-sized mortgage company specializing in loans. Readycap Commercial has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Phoenix, Atlanta, Houston, and Las Vegas among others. We have data for 80 markets. (Some data included below & more in-depth data is available with an active subscription.)Readycap Commercial has an above 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
277Origination Dollar Volume (All Markets)
$3,610,525,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 277 | $3,610,525,000 | $13,034,386 | $0 | 3.82% |
For 2021, Readycap Commercial's most frequently originated type of loan was Conventional, with 277 originations.
Loan Reason
For 2021, Readycap Commercial's most frequently cited loan purpose was Home Purchase, with 189 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
For 2021, Readycap Commercial's most frequently cited loan duration was 3 Year, with 128 originations. The 2nd most popular length was 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 for loans was 0.00%, while their most frequently originated rate bucket for loans was 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 applications95.94%
Readycap Commercial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.53%
Readycap Commercial has an average pick rate.
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 |