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 small mortgage company specializing in Home Purchase loans. Readycap Commercial has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Charlotte, Atlanta, Los Angeles, and Chicago among others. We have data for 65 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 an above 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
151Origination Dollar Volume (All Markets)
$2,696,505,000Top 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) | 18 | $306,770,000 | $17,042,778 | $0 | 4.59% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $244,065,000 | $48,813,000 | $0 | 4.72% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $196,170,000 | $24,521,250 | $0 | 4.77% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $185,245,000 | $37,049,000 | $0 | 5.82% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $122,580,000 | $20,430,000 | $0 | 4.09% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $119,610,000 | $14,951,250 | $0 | 5.23% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $114,840,000 | $19,140,000 | $0 | 3.91% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $95,880,000 | $47,940,000 | $0 | 4.34% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $81,860,000 | $20,465,000 | $0 | 4.72% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $79,720,000 | $39,860,000 | $0 | 3.67% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $78,015,000 | $26,005,000 | $0 | 5.33% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $71,160,000 | $35,580,000 | $0 | 4.40% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $68,795,000 | $68,795,000 | $0 | 4.42% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $55,350,000 | $13,837,500 | $0 | 4.76% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $54,650,000 | $27,325,000 | $0 | 5.23% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $42,980,000 | $21,490,000 | $0 | 4.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $42,570,000 | $21,285,000 | $0 | 7.21% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $42,295,000 | $8,459,000 | $0 | 4.48% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $41,740,000 | $20,870,000 | $0 | 5.20% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $30,990,000 | $15,495,000 | $0 | 4.80% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $30,755,000 | $30,755,000 | $0 | 3.62% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $29,470,000 | $14,735,000 | $0 | 3.62% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $29,440,000 | $14,720,000 | $0 | 3.80% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $28,180,000 | $14,090,000 | $0 | 5.48% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $24,605,000 | $24,605,000 | $0 | 4.14% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $21,665,000 | $7,221,667 | $0 | 6.04% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $21,635,000 | $21,635,000 | $0 | 4.34% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $21,545,000 | $21,545,000 | $0 | 3.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $21,375,000 | $21,375,000 | $0 | 5.65% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $20,755,000 | $20,755,000 | $0 | 6.17% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $20,375,000 | $20,375,000 | $0 | 3.99% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $19,995,000 | $19,995,000 | $0 | 3.69% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $16,555,000 | $16,555,000 | $0 | 3.75% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $16,295,000 | $16,295,000 | $0 | 3.68% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $16,105,000 | $16,105,000 | $0 | 8.85% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $15,855,000 | $15,855,000 | $0 | 4.07% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $14,210,000 | $7,105,000 | $0 | 7.91% |
| DOTHAN, AL (FHA|USDA|VA) | 3 | $14,005,000 | $4,668,333 | $0 | 4.83% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $13,695,000 | $13,695,000 | $0 | 4.62% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $13,590,000 | $6,795,000 | $0 | 7.64% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $13,485,000 | $13,485,000 | $0 | 5.68% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $13,035,000 | $13,035,000 | $0 | 3.90% |
| FLINT, MI (FHA|USDA|VA) | 2 | $13,010,000 | $6,505,000 | $0 | 4.37% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $12,575,000 | $12,575,000 | $0 | 4.34% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $11,755,000 | $11,755,000 | $0 | 4.59% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $11,755,000 | $11,755,000 | $0 | 3.65% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $11,295,000 | $11,295,000 | $0 | 3.80% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $11,185,000 | $3,728,333 | $0 | 5.29% |
| TULSA, OK (FHA|USDA|VA) | 1 | $10,525,000 | $10,525,000 | $0 | 6.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $10,135,000 | $10,135,000 | $0 | 3.64% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $9,950,000 | $4,975,000 | $0 | 4.10% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $8,780,000 | $4,390,000 | $0 | 4.51% |
| SALEM, OR (FHA|USDA|VA) | 1 | $8,205,000 | $8,205,000 | $0 | 4.49% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $8,010,000 | $4,005,000 | $0 | 4.27% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $7,890,000 | $3,945,000 | $0 | 4.49% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $7,505,000 | $7,505,000 | $0 | 4.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $6,930,000 | $3,465,000 | $0 | 4.47% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $6,905,000 | $6,905,000 | $0 | 5.49% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $6,105,000 | $6,105,000 | $0 | 4.14% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $5,705,000 | $5,705,000 | $0 | 4.64% |
| Shelby, NC (FHA|USDA|VA) | 1 | $5,615,000 | $5,615,000 | $0 | 5.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $4,705,000 | $4,705,000 | $0 | 4.34% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $2,515,000 | $2,515,000 | $0 | 4.48% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $1,935,000 | $1,935,000 | $0 | 4.72% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $0 | 7.41% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $2,696,505,000 | $17,857,649 | $0 | 4.80% |
For 2022, Readycap Commercial's most frequently originated type of loan was Conventional, with 151 originations.
Loan Reason
For 2022, Readycap Commercial's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was NA, with 10 originations.
Loan Duration/Length
For 2022, Readycap Commercial's most frequently cited loan duration was 3 Year, with 85 originations. The 2nd most popular length was Other, with 56 originations.
Interest Rates
During 2022, Readycap Commercial's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 65 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 151 | $2,696,505,000 | $17,857,649 | $0 | 4.80% |
2022 saw Readycap Commercial place emphasis on $1MM+ loans with 151 originations, totaling $2,696,505,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 151 | $2,696,505,000 | $17,857,649 | $0 | 4.80% |
Approval Rates
Total approvals of all applications100.00%
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 origination98.01%
Readycap Commercial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 151 | $2,696,505,000 | $17,857,649 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 151 | $2,696,505,000 | $17,857,649 |