5th Street Capital Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 549300NLJI4QKZ3D0G94

Tax ID: 47-5424223

1 stars - Updated: 4/14/24 - out of 5 stars, based on 11 reviews

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

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Mortgage Data

Review & Overview

5th Street Capital is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. 5th Street Capital has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, San Francisco, San Jose, and Riverside among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)

5th Street Capital 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. 5th Street Capital 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.

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 8.76% 4/14/24
30 Year Conventional Refi 8.07% 4/14/24
30 Year Cash-out Refi 8.70% 4/14/24
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.

5th Street Capital Mortgage Calculator






Your Estimates

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

This is not an official calculator from 5th Street Capital. 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

121

Origination Dollar Volume (All Markets)

$114,475,000

Relative Rate

5th Street Capital's average 30 year fixed mortgage rate was 8.55%.

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

This yields a difference of 2.07%.

Relative Fees (Closing Costs)

5th Street Capital's average total fees/closing costs for a 30 year fixed rate mortgage were $19,209.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 27 $28,865,000 $1,069,074 $17,536 8.55%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 14 $20,320,000 $1,451,429 $31,471 8.48%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 12 $14,350,000 $1,195,833 $32,313 8.31%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $8,110,000 $2,027,500 $40,248 8.12%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $7,690,000 $769,000 $18,704 8.44%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $3,275,000 $1,091,667 $26,833 8.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $3,265,000 $653,000 $24,364 8.17%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $3,245,000 $1,081,667 $25,727 9.16%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $2,710,000 $1,355,000 $12,824 7.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $2,625,000 $525,000 $15,248 8.53%
YUBA CITY, CA (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $58,607 8.99%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,985,000 $661,667 $17,077 8.46%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,635,000 $545,000 $13,839 8.95%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,420,000 $355,000 $9,458 9.06%
STOCKTON, CA (FHA|USDA|VA) 2 $1,210,000 $605,000 $15,086 8.44%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $33,522 8.88%
MODESTO, CA (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $21,533 8.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $860,000 $430,000 $12,884 8.25%
SALINAS, CA (FHA|USDA|VA) 1 $755,000 $755,000 $12,553 8.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $750,000 $375,000 $14,063 9.88%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $705,000 $705,000 $14,552 7.99%
Outside of Metro Areas 2 $660,000 $330,000 $11,601 8.62%
VALLEJO, CA (FHA|USDA|VA) 1 $555,000 $555,000 $21,548 7.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $525,000 $525,000 $15,783 9.99%
RENO, NV (FHA|USDA|VA) 1 $505,000 $505,000 $16,029 7.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $495,000 $495,000 $18,091 8.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $465,000 $465,000 $11,703 9.38%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $465,000 $465,000 $14,710 8.38%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $405,000 $405,000 $11,816 8.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $395,000 $395,000 $0 9.25%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $355,000 $355,000 $12,166 8.99%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $335,000 $335,000 $9,029 9.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $325,000 $325,000 $11,708 8.99%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $245,000 $245,000 $9,878 9.13%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $245,000 $245,000 $9,364 8.63%
5th Street Capital's top markets include Los Angeles, San Diego, San Francisco, San Jose, and Riverside among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against 5TH STREET CAPITAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    VENTURA COUNTY
    Similarity Rank: 96
    Valley First Credit Union
    Similarity Rank: 110
    AMOCO
    Similarity Rank: 258
    LBS FINANCIAL
    Similarity Rank: 258
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 312
    CLARK COUNTY CREDIT UNION
    Similarity Rank: 330
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 121 $114,475,000 $946,074 $21,447 8.55%

    For 2023, 5th Street Capital's most frequently originated type of loan was Conventional, with 121 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $73,000,000 $890,244 $23,002 8.52%
    Cash Out Refi 33 $37,045,000 $1,122,576 $18,552 8.64%
    Refi 6 $4,430,000 $738,333 $16,690 8.42%

    For 2023, 5th Street Capital's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Cash Out Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 96 $73,120,000 $761,667 $19,209 8.55%
    30+ year 25 $41,355,000 $1,654,200 $29,595 8.57%

    For 2023, 5th Street Capital's most frequently cited loan duration was 30 Year, with 96 originations. The 2nd most popular length was 30+ year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 104 $101,890,000 $979,712
    $1k-2k 15 $12,035,000 $802,333
    $4k-5k 2 $550,000 $275,000

    5th Street Capital's average total fees were $19,209, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 104 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 83 $71,645,000 $863,193
    7-8% 37 $42,015,000 $1,135,541
    6-7% 1 $815,000 $815,000

    During 2023, 5th Street Capital's average interest rate for loans was 8.55%, while their most frequently originated rate bucket for loans was Over 8%, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 46 $77,850,000 $1,692,391 $33,867 8.50%
    $200k-400k 28 $8,740,000 $312,143 $11,193 8.83%
    $400k-600k 24 $11,580,000 $482,500 $14,001 8.54%
    $600k-1MM 21 $15,925,000 $758,333 $15,095 8.30%
    $100k-200k 2 $380,000 $190,000 $0 8.56%

    2023 saw 5th Street Capital place emphasis on $1MM+ loans with 46 originations, totaling $77,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 75 $91,965,000 $1,226,200 $25,826 8.51%
    $150k-250k 20 $9,500,000 $475,000 $14,623 8.36%
    $100k-150k 13 $4,995,000 $384,231 $11,930 8.40%
    $50k or less 7 $4,065,000 $580,714 $20,246 9.59%
    $75k-100k 3 $875,000 $291,667 $11,633 8.16%
    $50k-75k 2 $540,000 $270,000 $10,341 9.50%

    5th Street Capital lent most frequently to those with incomes in the $250k+ range, with 75 originations. The second most popular income band? $150k-250k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 24 $24,170,000 $1,007,083 $21,157 8.37%
    <20% 17 $19,325,000 $1,136,765 $24,471 8.51%
    20-30% 17 $9,265,000 $545,000 $14,011 8.91%
    49% 8 $4,650,000 $581,250 $15,938 8.14%
    41% 7 $8,995,000 $1,285,000 $30,208 8.41%
    48% 5 $5,025,000 $1,005,000 $21,388 8.50%
    46% 5 $5,405,000 $1,081,000 $29,476 8.32%
    39% 5 $5,765,000 $1,153,000 $23,076 8.25%
    36% 5 $5,215,000 $1,043,000 $32,033 8.57%
    37% 4 $4,760,000 $1,190,000 $26,205 8.72%
    38% 4 $5,560,000 $1,390,000 $17,332 8.46%
    47% 4 $2,620,000 $655,000 $16,591 8.31%
    42% 3 $3,325,000 $1,108,333 $21,614 7.92%
    40% 2 $2,210,000 $1,105,000 $29,564 8.88%
    45% 1 $1,015,000 $1,015,000 $23,251 7.50%
    43% 1 $325,000 $325,000 $11,708 8.99%
    44% 1 $245,000 $245,000 $9,878 9.13%

    5th Street Capital lent most frequently to those with DTI ratios of 30-36%, with 24 originations. The next most common DTI ratio? <20%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $74,875,000 $902,108 $19,936 8.58%
    Not provided 19 $18,185,000 $957,105 $19,416 8.47%
    Asian 12 $12,450,000 $1,037,500 $29,236 8.37%
    American Indian 1 $2,905,000 $2,905,000 $40,113 8.99%
    Other Pacific Islander 1 $2,105,000 $2,105,000 $49,439 7.99%
    Black 3 $2,075,000 $691,667 $22,323 9.12%
    Asian Indian 1 $1,485,000 $1,485,000 $36,160 7.50%
    Chinese 1 $395,000 $395,000 $0 9.25%

    Approval Rates

    Total approvals of all applications
    94.07%

    5th Street Capital has an average approval rate.

    Pick Rate

    Approvals leading to origination
    16.53%

    5th Street Capital 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 121 $114,475,000 $946,074

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    121 $114,475,000 $946,074

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $2,995,000 $998,333 $22,489 7.79%
    40-60% 23 $23,195,000 $1,008,478 $20,136 8.49%
    60-80% 68 $66,160,000 $972,941 $22,040 8.50%
    80-100% 26 $21,720,000 $835,385 $21,291 8.84%
    Under 20% 1 $405,000 $405,000 $15,685 7.99%