Access Capital Funding Mortgage Rates, Fees & Info

Chesterfield, MO

LEI: 549300MY7KEVWMI4DF64

Tax ID: 43-1779519

5 stars - Updated: 10/29/24 - out of 5 stars, based on 10 reviews

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

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Mortgage Data

Review & Overview

Access Capital Funding is a smaller mortgage company specializing in Home Purchase loans. Access Capital Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: St. Louis, Chicago, Farmington, Jefferson City, and Kansas City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Access Capital Funding has an above average approval rate when compared to the average across all lenders. Access Capital Funding is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.59% 10/29/24
30 Year Conventional Refi 6.44% 10/29/24
30 Year Cash-out Refi 6.58% 10/29/24
30 Year FHA Purchase 7.11% 10/29/24
30 Year FHA Refi 7.14% 10/29/24
30 Year VA Purchase 6.45% 10/29/24
30 Year USDA Purchase 6.95% 10/29/24
15 Year Conventional Purchase 5.77% 10/29/24
15 Year Conventional Refi 5.90% 10/29/24
15 Year Cash-out Refi 5.90% 10/29/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Access Capital Funding Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Access Capital Funding. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

108

Origination Dollar Volume (All Markets)

$28,860,000

Awards

ACCESS CAPITAL FUNDING FHA Loans silver
Show all (1) awards

Relative Rate

Access Capital Funding's average 30 year fixed mortgage rate was 6.78%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.3%.

Relative Fees (Closing Costs)

Access Capital Funding's average total fees/closing costs for a 30 year fixed rate mortgage were $4,534.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 95 $26,175,000 $275,526 $4,387 6.75%
Outside of Metro Areas 6 $1,200,000 $200,000 $3,867 6.52%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $805,000 $268,333 $5,418 6.50%
Farmington, MO (FHA|USDA|VA) 2 $390,000 $195,000 $5,794 6.19%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $155,000 $155,000 $4,018 6.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $135,000 $135,000 $4,119 7.00%
Access Capital Funding's top markets include St. Louis, Chicago, Farmington, Jefferson City, and Kansas City among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against ACCESS CAPITAL FUNDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    1ST MIDAMERICA
    Similarity Rank: 286
    CNB Bank And Trust, N.A.
    Similarity Rank: 323
    FIRST COMMUNITY
    Similarity Rank: 336
    First National Bank of Waterloo
    Similarity Rank: 340
    United Bank of Union
    Similarity Rank: 360
    VANTAGE Credit Union
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    Bank of Hillsboro
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    ALLIANCE CREDIT UNION
    Similarity Rank: 520
    ALLTRU Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 87 $23,815,000 $273,736 $3,593 6.73%
    FHA 20 $4,840,000 $242,000 $7,809 6.71%
    VA 1 $205,000 $205,000 $7,171 5.75%

    For 2023, Access Capital Funding's most frequently originated type of loan was Conventional, with 87 originations. Their 2nd most popular type was FHA, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 97 $26,655,000 $274,794 $4,542 6.71%
    Refi 7 $1,665,000 $237,857 $3,431 6.54%
    Cash Out Refi 4 $540,000 $135,000 $2,850 7.22%

    For 2023, Access Capital Funding's most frequently cited loan purpose was Home Purchase, with 97 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 94 $24,850,000 $264,362 $4,534 6.78%
    15 Year 12 $3,200,000 $266,667 $3,737 6.18%
    20 Year 2 $810,000 $405,000 $2,471 6.88%

    For 2023, Access Capital Funding's most frequently cited loan duration was 30 Year, with 94 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 45 $13,345,000 $296,556
    $1k-2k 28 $6,890,000 $246,071
    $2k-3k 17 $3,535,000 $207,941
    $3k-4k 14 $3,650,000 $260,714
    $4k-5k 2 $530,000 $265,000
    $5k+ 2 $910,000 $455,000

    Access Capital Funding's average total fees were $4,534, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 62 $15,790,000 $254,677
    7-8% 30 $6,980,000 $232,667
    5-6% 15 $5,875,000 $391,667
    Over 8% 1 $215,000 $215,000

    During 2023, Access Capital Funding's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 6-7%, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 56 $16,080,000 $287,143 $4,798 6.68%
    $100k-200k 34 $5,310,000 $156,176 $3,822 6.87%
    $400k-600k 14 $6,600,000 $471,429 $4,783 6.46%
    $100,000 or less 3 $225,000 $75,000 $2,584 7.13%
    $600k-1MM 1 $645,000 $645,000 $2,600 5.99%

    2023 saw Access Capital Funding place emphasis on $200k-400k loans with 56 originations, totaling $16,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $10,675,000 $273,718 $4,296 6.75%
    $150k-250k 24 $8,160,000 $340,000 $3,879 6.72%
    $50k-75k 17 $3,705,000 $217,941 $5,132 6.54%
    $75k-100k 17 $3,985,000 $234,412 $4,924 6.80%
    $50k or less 7 $795,000 $113,571 $2,960 6.84%
    $250k+ 4 $1,540,000 $385,000 $5,921 6.53%

    Access Capital Funding lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $150k-250k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $8,235,000 $265,645 $4,177 6.65%
    30-36% 19 $5,845,000 $307,632 $4,058 6.64%
    46% 8 $1,910,000 $238,750 $3,489 6.61%
    48% 7 $1,975,000 $282,143 $5,219 6.75%
    <20% 7 $1,435,000 $205,000 $3,494 7.11%
    49% 6 $1,750,000 $291,667 $5,787 7.02%
    50-60% 5 $1,155,000 $231,000 $6,566 6.50%
    37% 5 $1,225,000 $245,000 $5,045 6.45%
    42% 4 $910,000 $227,500 $5,406 7.25%
    44% 3 $525,000 $175,000 $6,190 7.33%
    47% 3 $895,000 $298,333 $2,409 6.67%
    39% 3 $955,000 $318,333 $4,579 6.33%
    38% 2 $450,000 $225,000 $3,841 6.81%
    36% 1 $415,000 $415,000 $2,957 6.13%
    43% 1 $245,000 $245,000 $6,339 6.38%
    45% 1 $365,000 $365,000 $1,767 6.38%
    40% 1 $275,000 $275,000 $5,097 7.13%
    41% 1 $295,000 $295,000 $2,703 6.75%

    Access Capital Funding lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $19,485,000 $246,646 $4,478 6.73%
    Asian Indian 11 $3,915,000 $355,909 $3,835 6.49%
    Asian 12 $3,820,000 $318,333 $3,571 6.72%
    Other Asian 2 $700,000 $350,000 $8,159 7.18%
    American Indian 2 $560,000 $280,000 $5,405 6.13%
    Black 1 $195,000 $195,000 $5,500 7.49%
    Not provided 1 $185,000 $185,000 $4,529 7.25%

    Approval Rates

    Total approvals of all applications
    100.00%

    Access Capital Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 108 $28,860,000 $267,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $28,860,000 $267,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $690,000 $172,500 $3,411 6.31%
    40-60% 8 $1,570,000 $196,250 $3,270 6.80%
    60-80% 37 $9,095,000 $245,811 $3,786 7.01%
    80-100% 59 $17,505,000 $296,695 $5,019 6.55%