Readycap Commercial Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 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 and NA loans. Readycap Commercial has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, New York, Los Angeles, Dallas, and Denver among others. We have data for 55 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.
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
205Origination Dollar Volume (All Markets)
$544,035,000Top 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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 18 | $65,650,000 | $3,647,222 | $0 | 4.65% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 18 | $57,970,000 | $3,220,556 | $0 | 4.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 22 | $55,860,000 | $2,539,091 | $0 | 4.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $41,490,000 | $3,457,500 | $0 | 4.84% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 13 | $32,115,000 | $2,470,385 | $0 | 4.71% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $24,430,000 | $2,443,000 | $0 | 5.43% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 10 | $23,420,000 | $2,342,000 | $0 | 4.55% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $16,030,000 | $1,603,000 | $0 | 4.74% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $14,500,000 | $3,625,000 | $0 | 5.42% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $12,455,000 | $2,491,000 | $0 | 5.01% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $8,990,000 | $2,247,500 | $0 | 5.69% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $8,755,000 | $2,918,333 | $0 | 4.84% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $8,490,000 | $1,415,000 | $0 | 4.33% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $8,260,000 | $4,130,000 | $0 | 4.36% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $7,750,000 | $3,875,000 | $0 | 5.56% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $7,505,000 | $7,505,000 | $0 | 4.32% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $7,320,000 | $3,660,000 | $0 | 4.30% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $7,160,000 | $1,790,000 | $0 | 4.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $6,745,000 | $2,248,333 | $0 | 4.36% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $6,690,000 | $1,115,000 | $0 | 4.67% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $6,435,000 | $6,435,000 | $0 | 5.14% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $5,905,000 | $5,905,000 | $0 | 5.86% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $5,615,000 | $5,615,000 | $0 | 4.52% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $5,395,000 | $1,798,333 | $0 | 4.91% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $5,295,000 | $1,765,000 | $0 | 4.77% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $5,225,000 | $5,225,000 | $0 | 4.65% |
| Outside of Metro Areas | 1 | $5,135,000 | $5,135,000 | $0 | 5.28% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $4,835,000 | $4,835,000 | $0 | 4.80% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $4,675,000 | $4,675,000 | $0 | 4.53% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $4,310,000 | $2,155,000 | $0 | 4.71% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $4,290,000 | $2,145,000 | $0 | 5.49% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $4,265,000 | $4,265,000 | $0 | 6.40% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $4,060,000 | $2,030,000 | $0 | 5.08% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $3,930,000 | $1,965,000 | $0 | 4.40% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $3,770,000 | $1,885,000 | $0 | 4.97% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $3,755,000 | $3,755,000 | $0 | 5.15% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $3,575,000 | $3,575,000 | $0 | 5.08% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $3,505,000 | $3,505,000 | $0 | 4.90% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $3,465,000 | $1,155,000 | $0 | 4.72% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $3,290,000 | $1,645,000 | $0 | 5.16% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $3,050,000 | $1,525,000 | $0 | 6.29% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $2,820,000 | $1,410,000 | $0 | 5.13% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 4.92% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 4.92% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $2,425,000 | $2,425,000 | $0 | 4.66% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $2,405,000 | $2,405,000 | $0 | 5.17% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $2,380,000 | $1,190,000 | $0 | 4.21% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $2,305,000 | $2,305,000 | $0 | 4.73% |
| RENO, NV (FHA|USDA|VA) | 1 | $1,855,000 | $1,855,000 | $0 | 4.28% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $0 | 5.95% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $1,675,000 | $1,675,000 | $0 | 4.96% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 5.02% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 4.94% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 4.73% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 5.16% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 205 | $544,035,000 | $2,653,829 | $0 | 4.78% |
For 2018, Readycap Commercial's most frequently originated type of loan was Conventional, with 205 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 126 | $336,320,000 | $2,669,206 | $0 | 4.63% |
| NA | 66 | $172,470,000 | $2,613,182 | $0 | 5.07% |
| Refi | 13 | $35,245,000 | $2,711,154 | $0 | 4.73% |
For 2018, Readycap Commercial's most frequently cited loan purpose was Cash Out Refi, with 126 originations. The 2nd most popular reason was NA, with 66 originations.
Loan Duration/Length
For 2018, Readycap Commercial's most frequently cited loan duration was 10 Year, with 83 originations. The 2nd most popular length was 20 Year, with 75 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 132 | $334,980,000 | $2,537,727 |
| 5-6% | 45 | $115,735,000 | $2,571,889 |
| 3-4% | 14 | $51,350,000 | $3,667,857 |
| 6-7% | 13 | $38,965,000 | $2,997,308 |
During 2018, Readycap Commercial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 132 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 194 | $534,310,000 | $2,754,175 | $0 | 4.76% |
| $600k-1MM | 11 | $9,725,000 | $884,091 | $0 | 5.02% |
2018 saw Readycap Commercial place emphasis on $1MM+ loans with 194 originations, totaling $534,310,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 192 | $499,060,000 | $2,599,271 | $0 | 4.78% |
| Not provided | 13 | $44,975,000 | $3,459,615 | $0 | 4.77% |
Approval Rates
Total approvals of all applications90.65%
Readycap Commercial has an average approval rate.
Pick Rate
Approvals leading to origination8.29%
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 | 205 | $544,035,000 | $2,653,829 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 202 | $538,500,000 | $2,665,842 |
| Single Family (1-4 Units):Site-Built | 3 | $5,535,000 | $1,845,000 |