Access Capital Funding Mortgage Rates, Fees & Info

Chesterfield, MO

LEI: 549300MY7KEVWMI4DF64

Tax ID: 43-1779519

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Access Capital Funding is a smaller mortgage company specializing in Home Purchase and Refi loans. Access Capital Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Kansas City, Chicago, Farmington, and Springfield among others. We have data for 9 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 a below average pick rate when compared to similar 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 about average 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% 4/28/24
    30 Year Conventional Refi 6.44% 4/28/24
    30 Year Cash-out Refi 6.58% 4/28/24
    30 Year FHA Purchase 7.11% 4/28/24
    30 Year FHA Refi 7.14% 4/28/24
    30 Year VA Purchase 6.45% 4/28/24
    30 Year USDA Purchase 6.95% 4/28/24
    15 Year Conventional Purchase 5.77% 4/28/24
    15 Year Conventional Refi 5.90% 4/28/24
    15 Year Cash-out Refi 5.90% 4/28/24
    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

    181

    Origination Dollar Volume (All Markets)

    $49,345,000
    Show all (6) awards

    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) 166 $44,960,000 $270,843 $2,545 4.27%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,430,000 $357,500 $3,599 5.34%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $930,000 $465,000 $3,912 3.50%
    Outside of Metro Areas 3 $845,000 $281,667 $1,132 4.21%
    Farmington, MO (FHA|USDA|VA) 2 $380,000 $190,000 $5,230 4.75%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $335,000 $335,000 $825 3.88%
    COLUMBIA, MO (FHA|USDA|VA) 1 $175,000 $175,000 $3,455 3.13%
    Sedalia, MO (FHA|USDA|VA) 1 $165,000 $165,000 $3,383 5.25%
    Branson, MO (FHA|USDA|VA) 1 $125,000 $125,000 $2,256 2.50%
    Access Capital Funding's top markets include St. Louis, Kansas City, Chicago, Farmington, and Springfield among others.

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

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Bank of Washington
    Similarity Rank: 728
    ALLTRU Federal Credit Union
    Similarity Rank: 764
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 151 $42,565,000 $281,887 $1,917 4.19%
    FHA 25 $5,745,000 $229,800 $5,976 4.63%
    VA 3 $755,000 $251,667 $7,355 5.54%
    USDA 2 $280,000 $140,000 $3,822 4.50%

    For 2022, Access Capital Funding's most frequently originated type of loan was Conventional, with 151 originations. Their 2nd most popular type was FHA, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 99 $27,945,000 $282,273 $3,553 4.85%
    Refi 47 $13,205,000 $280,957 $1,227 3.36%
    Cash Out Refi 35 $8,195,000 $234,143 $1,688 3.88%

    For 2022, Access Capital Funding's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 145 $40,885,000 $281,966 $2,851 4.58%
    15 Year 30 $7,200,000 $240,000 $1,481 2.93%
    10 Year 3 $595,000 $198,333 $2,351 3.63%
    20 Year 3 $665,000 $221,667 $1,222 3.50%

    For 2022, Access Capital Funding's most frequently cited loan duration was 30 Year, with 145 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 126 $36,830,000 $292,302
    $1k-2k 43 $10,115,000 $235,233
    $2k-3k 8 $900,000 $112,500
    $3k-4k 2 $460,000 $230,000
    $5k+ 2 $1,040,000 $520,000

    Access Capital Funding's average total fees were $2,851, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 126 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 56 $14,550,000 $259,821
    5-6% 45 $12,795,000 $284,333
    4-5% 33 $9,565,000 $289,848
    2.5-3% 23 $7,025,000 $305,435
    <2.5% 11 $2,735,000 $248,636
    6-7% 10 $2,170,000 $217,000
    7-8% 3 $505,000 $168,333

    During 2022, Access Capital Funding's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 3-4%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 85 $25,085,000 $295,118 $2,830 4.43%
    $100k-200k 58 $8,740,000 $150,690 $2,481 4.19%
    $400k-600k 22 $10,760,000 $489,091 $1,814 3.72%
    $100,000 or less 10 $750,000 $75,000 $2,456 4.61%
    $600k-1MM 6 $4,010,000 $668,333 $3,276 4.48%

    2022 saw Access Capital Funding place emphasis on $200k-400k loans with 85 originations, totaling $25,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $8,355,000 $203,780 $3,213 4.15%
    $75k-100k 40 $10,510,000 $262,750 $2,755 4.74%
    $100k-150k 37 $10,545,000 $285,000 $1,946 4.09%
    $150k-250k 28 $10,500,000 $375,000 $2,665 4.32%
    $50k or less 20 $2,460,000 $123,000 $2,286 4.32%
    $250k+ 14 $6,610,000 $472,143 $2,246 3.58%

    Access Capital Funding lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $75k-100k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 44 $12,840,000 $291,818 $2,371 4.20%
    20-30% 34 $9,680,000 $284,706 $2,095 3.93%
    <20% 16 $3,680,000 $230,000 $2,174 4.16%
    48% 8 $2,340,000 $292,500 $4,652 4.47%
    39% 8 $2,370,000 $296,250 $1,582 4.67%
    45% 7 $2,055,000 $293,571 $3,142 4.21%
    36% 7 $1,455,000 $207,857 $1,593 4.36%
    38% 7 $1,655,000 $236,429 $2,535 4.09%
    50-60% 6 $1,180,000 $196,667 $6,022 4.75%
    37% 6 $1,430,000 $238,333 $1,837 4.77%
    41% 6 $1,990,000 $331,667 $2,205 3.90%
    46% 6 $1,750,000 $291,667 $4,966 5.69%
    49% 6 $1,530,000 $255,000 $1,994 4.73%
    47% 5 $1,155,000 $231,000 $2,829 4.45%
    43% 5 $1,545,000 $309,000 $3,031 4.25%
    44% 4 $1,280,000 $320,000 $2,904 3.91%
    40% 3 $555,000 $185,000 $3,567 4.04%
    42% 2 $490,000 $245,000 $426 3.88%

    Access Capital Funding lent most frequently to those with DTI ratios of 30-36%, with 44 originations. The next most common DTI ratio? 20-30%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 146 $37,220,000 $254,932 $2,685 4.32%
    Asian 21 $7,445,000 $354,524 $1,534 3.71%
    Black 8 $2,210,000 $276,250 $4,120 4.89%
    Asian Indian 4 $1,440,000 $360,000 $1,651 3.75%
    Vietnamese 1 $785,000 $785,000 $2,580 5.75%
    Not provided 1 $245,000 $245,000 $2,252 5.99%

    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
    87.29%

    Access Capital Funding has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 181 $49,345,000 $272,624

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    181 $49,345,000 $272,624

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,445,000 $160,556 $1,731 3.90%
    40-60% 28 $7,140,000 $255,000 $1,149 3.70%
    60-80% 64 $16,640,000 $260,000 $1,968 4.04%
    80-100% 78 $23,530,000 $301,667 $3,516 4.69%
    Over 100% 2 $590,000 $295,000 $10,293 5.50%