5th Street Capital Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 549300NLJI4QKZ3D0G94

Tax ID: 47-5424223

1 stars - out of 5 stars, based on 32 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

5th Street Capital is a small mortgage company specializing in Home Purchase and Cash Out Refi loans. 5th Street Capital has a high proportion of conventional loans. Their top markets include Los Angeles, San Diego, San Francisco, Riverside, and Oxnard among others. 5th Street Capital has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. 5th Street Capital is typically a high fee lendor.


Originations

996

Origination Dollar Volume (All Markets)

$1,040,580,000

Relative Rate

5th Street Capital 's average 30 year fixed rate mortgage of loans were 5.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 1.92%.

Relative Fees

5th Street Capital 's average total fees for a 30 year fixed rate mortgage are $16,923.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 368 $536,670,000 $1,458,342 $22,191 5.03%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 93 $102,015,000 $1,096,935 $17,134 5.09%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 74 $72,190,000 $975,541 $19,819 4.73%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 72 $50,440,000 $700,556 $15,779 5.17%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 24 $27,760,000 $1,156,667 $16,444 5.21%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 16 $21,770,000 $1,360,625 $23,491 5.08%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 30 $18,040,000 $601,333 $12,436 5.19%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 24 $13,500,000 $562,500 $13,295 5.29%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 19 $12,625,000 $664,474 $12,575 5.24%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 18 $12,110,000 $672,778 $19,630 5.16%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 18 $10,570,000 $587,222 $13,587 5.48%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 22 $10,400,000 $472,727 $10,889 5.54%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 4 $7,980,000 $1,995,000 $17,188 4.71%
NAPA, CA (FHA|USDA|VA) 3 $7,715,000 $2,571,667 $12,481 5.67%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $7,610,000 $1,268,333 $19,401 5.44%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $7,205,000 $1,029,286 $22,991 5.19%
MODESTO, CA (FHA|USDA|VA) 15 $7,105,000 $473,667 $16,865 4.98%
STOCKTON, CA (FHA|USDA|VA) 11 $6,835,000 $621,364 $16,944 5.07%
SALINAS, CA (FHA|USDA|VA) 5 $5,955,000 $1,191,000 $17,227 5.04%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $5,915,000 $347,941 $14,827 4.96%
Heber, UT (FHA|USDA|VA) 5 $5,915,000 $1,183,000 $17,297 4.68%
Outside of Metro Areas 10 $5,510,000 $551,000 $14,260 5.22%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 7 $5,445,000 $777,857 $17,566 5.39%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $4,940,000 $494,000 $13,615 5.40%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $4,465,000 $1,488,333 $31,733 5.58%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $4,010,000 $668,333 $9,149 5.14%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $3,515,000 $502,143 $18,051 5.39%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $3,045,000 $3,045,000 $14,393 5.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $3,045,000 $435,000 $12,159 5.60%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $2,895,000 $965,000 $29,746 4.96%
FLAGSTAFF, AZ (FHA|USDA|VA) 3 $2,895,000 $965,000 $10,096 5.25%
GREELEY, CO (FHA|USDA|VA) 2 $2,750,000 $1,375,000 $10,148 5.12%
Cullowhee, NC (FHA|USDA|VA) 1 $2,625,000 $2,625,000 $38,554 4.75%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $2,305,000 $768,333 $14,782 5.25%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,835,000 $611,667 $10,309 5.13%
FRESNO, CA (FHA|USDA|VA) 4 $1,790,000 $447,500 $15,300 4.81%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,730,000 $432,500 $14,151 5.22%
BEND, OR (FHA|USDA|VA) 2 $1,730,000 $865,000 $15,689 4.44%
VALLEJO, CA (FHA|USDA|VA) 3 $1,715,000 $571,667 $17,191 4.96%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,670,000 $835,000 $16,953 5.81%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $1,520,000 $760,000 $22,298 4.88%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $1,460,000 $730,000 $15,331 5.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $1,425,000 $475,000 $9,213 5.54%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $1,375,000 $275,000 $15,094 5.12%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $1,360,000 $680,000 $13,495 5.12%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $31,169 5.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,275,000 $425,000 $14,573 5.71%
PROVO-OREM, UT (FHA|USDA|VA) 3 $1,275,000 $425,000 $6,850 5.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $31,363 5.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $1,145,000 $381,667 $7,145 5.25%
MERCED, CA (FHA|USDA|VA) 2 $1,130,000 $565,000 $18,038 5.62%
SANTA FE, NM (FHA|USDA|VA) 2 $1,110,000 $555,000 $17,599 5.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $970,000 $485,000 $14,484 5.06%
MADERA, CA (FHA|USDA|VA) 2 $960,000 $480,000 $12,940 4.94%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $915,000 $915,000 $5,057 4.75%
GRANTS PASS, OR (FHA|USDA|VA) 1 $895,000 $895,000 $10,628 4.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $890,000 $445,000 $15,944 5.12%
Taos, NM (FHA|USDA|VA) 1 $885,000 $885,000 $22,454 4.50%
BOULDER, CO (FHA|USDA|VA) 1 $775,000 $775,000 $12,044 4.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $765,000 $765,000 $20,739 6.13%
Breckenridge, CO (FHA|USDA|VA) 1 $755,000 $755,000 $14,082 4.25%
Centralia, WA (FHA|USDA|VA) 1 $715,000 $715,000 $6,584 5.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $605,000 $605,000 $17,354 5.99%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $585,000 $585,000 $17,836 6.75%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $565,000 $565,000 $7,561 5.88%
SALEM, OR (FHA|USDA|VA) 1 $515,000 $515,000 $12,153 5.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $495,000 $495,000 $17,145 4.99%
EL CENTRO, CA (FHA|USDA|VA) 2 $480,000 $240,000 $10,494 5.50%
YUBA CITY, CA (FHA|USDA|VA) 1 $475,000 $475,000 $3,466 5.75%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $475,000 $475,000 $13,423 5.63%
REDDING, CA (FHA|USDA|VA) 1 $455,000 $455,000 $15,940 5.99%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $455,000 $455,000 $13,617 5.88%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $355,000 $355,000 $14,331 4.63%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $345,000 $345,000 $11,291 4.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $315,000 $315,000 $12,623 4.99%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $11,800 5.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $305,000 $305,000 $14,695 5.38%
THE VILLAGES, FL (FHA|USDA|VA) 1 $265,000 $265,000 $7,964 4.63%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $6,262 4.38%
Cedar City, UT (FHA|USDA|VA) 1 $235,000 $235,000 $6,829 5.63%
Ukiah, CA (FHA|USDA|VA) 1 $225,000 $225,000 $4,703 5.75%
TUCSON, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $2,234 4.75%
Lufkin, TX (FHA|USDA|VA) 1 $205,000 $205,000 $13,386 4.50%

5th Street Capital 's top markets include Los Angeles, San Diego, San Francisco, Riverside, and Oxnard among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 996 $1,040,580,000 $1,044,759 $18,404 5.10%

For the 2021 period, 5th Street Capital 's most frequently originated loan type of loans were Conventional, with 996 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 659 $630,185,000 $956,275 $18,620 5.17%
Cash Out Refi 244 $282,230,000 $1,156,680 $17,957 4.99%
Refi 87 $122,905,000 $1,412,701 $18,110 4.90%
Other 5 $4,695,000 $939,000 $18,773 4.80%
Home Improvement 1 $565,000 $565,000 $3,904 4.99%

For the 2021, 5th Street Capital 's most frequently cited loan purpose of loans were Home Purchase, with 659 originations. The 2nd most popular reason of loans were Cash Out Refi, with 244 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 640 $519,100,000 $811,094 $16,923 5.07%
30+ year 356 $521,480,000 $1,464,831 $20,845 5.16%

For the 2021, 5th Street Capital 's most frequently cited loan length of loans were 30 Year, with 640 originations. The 2nd most popular length of loans were 30+ year, with 356 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 716 $744,480,000 $1,039,777
$1k-2k 235 $264,975,000 $1,127,553
$3k-4k 25 $11,375,000 $455,000
$2k-3k 16 $17,540,000 $1,096,250
$<1k 3 $1,465,000 $488,333

$16,923 of loans were 5th Street Capital 's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 716 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
4-5% 533 $594,685,000 $1,115,732
5-6% 396 $391,360,000 $988,283
6-7% 57 $44,425,000 $779,386
3-4% 10 $10,110,000 $1,011,000

During 2021, 5th Street Capital 's average interest rate of loans were 5.07%, while their most frequently originated rate bucket of loans were 4-5%, with 533 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 378 $709,740,000 $1,877,619 $27,011 5.04%
$600k-1MM 242 $185,380,000 $766,033 $15,184 5.18%
$200k-400k 201 $60,635,000 $301,667 $9,894 5.08%
$400k-600k 167 $83,335,000 $499,012 $12,550 5.15%
$100k-200k 8 $1,490,000 $186,250 $7,659 5.19%

2021 saw 5th Street Capital place emphasis on $1MM+ loans with 378 originations, totaling $709,740,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 526 $759,550,000 $1,444,011 $22,377 5.12%
$150k-250k 177 $125,405,000 $708,503 $14,759 5.15%
$50k or less 105 $70,905,000 $675,286 $16,571 4.99%
$100k-150k 97 $45,485,000 $468,918 $11,705 5.08%
$75k-100k 49 $17,245,000 $351,939 $10,302 5.06%
$50k-75k 35 $10,025,000 $286,429 $8,946 4.98%

5th Street Capital lent most frequently to those with incomes in the $250k+ range, with 526 originations. The second most popular income band? $150k-250k, with 177 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
<20% 191 $202,355,000 $1,059,450 $17,854 5.09%
20-30% 159 $174,535,000 $1,097,704 $20,168 5.06%
30-36% 121 $133,145,000 $1,100,372 $18,605 5.07%
41% 36 $42,140,000 $1,170,556 $19,117 5.11%
46% 35 $36,335,000 $1,038,143 $19,667 5.17%
49% 35 $39,715,000 $1,134,714 $16,508 5.11%
44% 33 $33,265,000 $1,008,030 $18,859 5.05%
47% 30 $29,420,000 $980,667 $16,596 5.18%
38% 27 $19,805,000 $733,519 $13,226 5.17%
50-60% 27 $27,265,000 $1,009,815 $18,430 5.03%
40% 26 $22,900,000 $880,769 $15,059 5.29%
48% 26 $28,360,000 $1,090,769 $15,790 5.17%
43% 25 $37,515,000 $1,500,600 $20,946 5.19%
37% 25 $27,155,000 $1,086,200 $16,564 5.23%
42% 24 $24,060,000 $1,002,500 $16,129 5.10%
45% 23 $26,595,000 $1,156,304 $23,200 5.13%
39% 23 $25,545,000 $1,110,652 $18,532 5.16%
36% 21 $18,155,000 $864,524 $15,226 5.25%
>60% 10 $10,310,000 $1,031,000 $17,554 4.95%

5th Street Capital lent most frequently to those with DTI ratios of <20%, with 191 originations. The next most common DTI ratio? 20-30%, with 159 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 592 $646,970,000 $1,092,855 $18,283 5.11%
Not provided 245 $250,055,000 $1,020,633 $18,117 5.08%
Asian 100 $80,830,000 $808,300 $18,311 5.04%
Black 46 $48,650,000 $1,057,609 $20,548 5.33%
American Indian 6 $6,890,000 $1,148,333 $26,431 4.73%
Vietnamese 1 $1,765,000 $1,765,000 $47,255 4.88%
Other Asian 1 $1,685,000 $1,685,000 $20,408 4.25%
Samoan 1 $1,355,000 $1,355,000 $31,169 5.63%
Asian Indian 2 $1,270,000 $635,000 $14,950 5.37%
Chinese 1 $625,000 $625,000 $8,023 5.25%
Native Hawaiian 1 $485,000 $485,000 $11,720 4.63%

Approval Rates

Total approvals of all applications
98.46%

5th Street Capital 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
74.06%

5th Street Capital has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 996 $1,040,580,000 $1,044,759

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
996 $1,040,580,000 $1,044,759

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 19 $14,885,000 $783,421 $17,721 4.64%
40-60% 124 $123,130,000 $992,984 $15,980 4.95%
60-80% 517 $578,935,000 $1,119,797 $19,423 4.95%
80-100% 334 $322,550,000 $965,719 $17,792 5.42%
Under 20% 2 $1,080,000 $540,000 $16,012 5.06%