Readycap Commercial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300L8ZRL1FNUUOA59

Tax ID: 46-1043031

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Readycap Commercial is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Readycap Commercial has a high proportion of conventional loans. Their top markets by origination volume include: Fresno, New York, Los Angeles, Riverside, and Tampa among others. We have data for 33 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.

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

67

Origination Dollar Volume (All Markets)

$449,775,000

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
FRESNO, CA (FHA|USDA|VA) 10 $52,560,000 $5,256,000 $0 6.47%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $47,810,000 $11,952,500 $0 7.04%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 11 $42,455,000 $3,859,545 $0 6.59%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $40,005,000 $40,005,000 $0 9.67%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $37,555,000 $37,555,000 $0 8.65%
Pullman, WA (FHA|USDA|VA) 1 $28,005,000 $28,005,000 $0 12.02%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $25,475,000 $25,475,000 $0 10.31%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $20,495,000 $6,831,667 $0 7.35%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $19,805,000 $19,805,000 $0 7.35%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $13,145,000 $13,145,000 $0 10.75%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $12,710,000 $6,355,000 $0 7.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $10,550,000 $2,637,500 $0 5.82%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $7,910,000 $1,977,500 $0 6.16%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $7,130,000 $3,565,000 $0 8.23%
TUCSON, AZ (FHA|USDA|VA) 1 $7,125,000 $7,125,000 $0 6.36%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $6,785,000 $6,785,000 $0 6.24%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $6,540,000 $3,270,000 $0 5.96%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $5,945,000 $5,945,000 $0 6.64%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $5,825,000 $5,825,000 $0 6.62%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $5,775,000 $5,775,000 $0 7.25%
TULSA, OK (FHA|USDA|VA) 1 $5,415,000 $5,415,000 $0 10.36%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $5,025,000 $5,025,000 $0 6.33%
COLUMBUS, OH (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 9.60%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $4,955,000 $4,955,000 $0 5.55%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $4,525,000 $4,525,000 $0 6.67%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $3,965,000 $3,965,000 $0 5.72%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $3,645,000 $3,645,000 $0 5.48%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $3,555,000 $3,555,000 $0 6.91%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $2,865,000 $2,865,000 $0 6.53%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $2,540,000 $1,270,000 $0 5.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $2,135,000 $2,135,000 $0 6.32%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $0 5.64%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 5.89%
Readycap Commercial's top markets include Fresno, New York, Los Angeles, Riverside, and Tampa among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $449,775,000 $6,713,060 $0 6.91%

    For 2023, Readycap Commercial's most frequently originated type of loan was Conventional, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 27 $99,275,000 $3,676,852 $0 6.13%
    Refi 18 $90,100,000 $5,005,556 $0 6.82%
    Home Purchase 16 $222,910,000 $13,931,875 $0 8.30%
    NA 6 $37,490,000 $6,248,333 $0 6.93%

    For 2023, Readycap Commercial's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 29 $112,365,000 $3,874,655 $0 6.30%
    Other 18 $200,850,000 $11,158,333 $0 8.30%
    20 Year 9 $22,885,000 $2,542,778 $0 5.83%
    10 Year 7 $13,355,000 $1,907,857 $0 5.81%
    3 Year 4 $100,320,000 $25,080,000 $0 9.38%

    For 2023, Readycap Commercial's most frequently cited loan duration was 5 Year, with 29 originations. The 2nd most popular length was Other, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 30 $119,360,000 $3,978,667
    5-6% 22 $63,130,000 $2,869,545
    Over 8% 13 $241,705,000 $18,592,692
    7-8% 2 $25,580,000 $12,790,000

    During 2023, Readycap Commercial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 67 $449,775,000 $6,713,060 $0 6.91%

    2023 saw Readycap Commercial place emphasis on $1MM+ loans with 67 originations, totaling $449,775,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 67 $449,775,000 $6,713,060 $0 6.91%

    Approval Rates

    Total approvals of all applications
    86.49%

    Readycap Commercial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    59.70%

    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 67 $449,775,000 $6,713,060

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    67 $449,775,000 $6,713,060

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $4,710,000 $1,177,500 $0 5.90%
    40-60% 33 $149,305,000 $4,524,394 $0 6.52%
    60-80% 25 $221,105,000 $8,844,200 $0 6.93%
    80-100% 3 $55,905,000 $18,635,000 $0 9.88%
    Over 100% 2 $18,750,000 $9,375,000 $0 10.52%