Access Capital Funding Mortgage Rates, Fees & Info
Chesterfield, MOLEI: 549300MY7KEVWMI4DF64
Tax ID: 43-1779519
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Mortgage Data
Review & Overview
Access Capital Funding is a smaller mortgage company specializing in Refi loans. Access Capital Funding has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: St. Louis, Chicago, Kansas City, Carbondale, and Farmington among others. We have data for 15 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. They have an above average pick rate when compared to similar lenders. Access Capital Funding is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.59% | 12/16/24 |
| 30 Year Conventional Refi | 6.44% | 12/16/24 |
| 30 Year Cash-out Refi | 6.58% | 12/16/24 |
| 30 Year FHA Purchase | 7.11% | 12/16/24 |
| 30 Year FHA Refi | 7.14% | 12/16/24 |
| 30 Year VA Purchase | 6.45% | 12/16/24 |
| 30 Year USDA Purchase | 6.95% | 12/16/24 |
| 15 Year Conventional Purchase | 5.77% | 12/16/24 |
| 15 Year Conventional Refi | 5.90% | 12/16/24 |
| 15 Year Cash-out Refi | 5.90% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
913Origination Dollar Volume (All Markets)
$240,225,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 868 | $229,400,000 | $264,286 | $17,631 | 298.00% |
| Outside of Metro Areas | 12 | $3,110,000 | $259,167 | $4,372 | 3.23% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $2,685,000 | $244,091 | $7,038 | 3.23% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $2,010,000 | $251,250 | $5,952 | 3.06% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,827 | 3.44% |
| Farmington, MO (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,696 | 3.25% |
| Branson, MO (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,808 | 3.13% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $8,167 | 2.75% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,714 | 3.25% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,586 | 2.50% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,381 | 2.38% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,970 | 2.50% |
| Maryville, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,948 | 2.63% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,436 | 3.00% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,488 | 2.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 853 | $226,495,000 | $265,528 | $17,746 | 303.19% |
| FHA | 35 | $7,185,000 | $205,286 | $6,838 | 3.17% |
| VA | 25 | $6,545,000 | $261,800 | $6,654 | 3.01% |
For 2020, Access Capital Funding's most frequently originated type of loan was Conventional, with 853 originations. Their 2nd most popular type was FHA, with 35 originations.
Loan Reason
For 2020, Access Capital Funding's most frequently cited loan purpose was Refi, with 796 originations. The 2nd most popular reason was Home Purchase, with 114 originations.
Loan Duration/Length
For 2020, Access Capital Funding's most frequently cited loan duration was 30 Year, with 526 originations. The 2nd most popular length was 15 Year, with 241 originations.
Origination Fees/Closing Costs
Access Capital Funding's average total fees were $14,726, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 329 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 419 | $108,245,000 | $258,341 |
| 3-4% | 355 | $93,205,000 | $262,549 |
| <2.5% | 120 | $33,020,000 | $275,167 |
| 4-5% | 14 | $4,340,000 | $310,000 |
| Over 8% | 4 | $1,160,000 | $290,000 |
During 2020, Access Capital Funding's average interest rate for loans was 119.34%, while their most frequently originated rate bucket for loans was 2.5-3%, with 419 originations.
Loan Sizing
2020 saw Access Capital Funding place emphasis on $200k-400k loans with 492 originations, totaling $135,830,000 in origination value.
Applicant Income
Access Capital Funding lent most frequently to those with incomes in the $100k-150k range, with 296 originations. The second most popular income band? $150k-250k, with 186 originations.
Applicant Debt to Income Ratio
Access Capital Funding lent most frequently to those with DTI ratios of 20-30%, with 307 originations. The next most common DTI ratio? <20%, with 186 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination92.00%
Access Capital Funding has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1232.53 | 1 | $155,000 | $155,000 |
| 2501.76 | 1 | $395,000 | $395,000 |
| NA | 911 | $239,675,000 | $263,090 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 913 | $240,225,000 | $263,116 |