Velocity Commercial Capital Mortgage Rates, Fees & Info
Sacramento, CALEI: 549300TA4MQM8WN2XG31
Tax ID: 20-1193192
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Velocity Commercial Capital is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Velocity Commercial Capital has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Los Angeles, Atlanta, and Philadelphia among others. We have data for 270 markets. (Some data included below & more in-depth data is available with an active subscription.)Velocity Commercial Capital has an above average approval rate when compared to the average across all lenders. 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 | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 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. | ||
Velocity Commercial Capital Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Velocity Commercial 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
2,544Origination Dollar Volume (All Markets)
$870,590,000Relative Rate
Velocity Commercial Capital's average 30 year fixed mortgage rate was
10.84%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 4.36%.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 255 | $132,815,000 | $520,843 | $0 | 10.96% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 130 | $67,080,000 | $516,000 | $0 | 10.61% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 77 | $61,535,000 | $799,156 | $0 | 10.78% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 105 | $34,185,000 | $325,571 | $0 | 11.09% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 161 | $29,945,000 | $185,994 | $0 | 11.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 28 | $22,670,000 | $809,643 | $0 | 11.24% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 68 | $20,910,000 | $307,500 | $0 | 10.84% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 41 | $19,705,000 | $480,610 | $0 | 10.72% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 32 | $19,120,000 | $597,500 | $0 | 10.74% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 44 | $17,940,000 | $407,727 | $0 | 10.77% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 24 | $13,450,000 | $560,417 | $0 | 10.90% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 76 | $13,410,000 | $176,447 | $0 | 11.41% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 61 | $10,415,000 | $170,738 | $0 | 11.17% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 18 | $10,310,000 | $572,778 | $0 | 10.95% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $10,145,000 | $1,449,286 | $0 | 10.97% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 31 | $9,915,000 | $319,839 | $0 | 10.74% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 24 | $9,790,000 | $407,917 | $0 | 10.48% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 18 | $9,750,000 | $541,667 | $0 | 10.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 9 | $9,635,000 | $1,070,556 | $0 | 11.09% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 53 | $9,625,000 | $181,604 | $0 | 11.27% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 24 | $9,590,000 | $399,583 | $0 | 11.11% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 20 | $9,480,000 | $474,000 | $0 | 10.73% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 32 | $9,290,000 | $290,313 | $0 | 10.70% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 35 | $8,915,000 | $254,714 | $0 | 11.18% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 19 | $7,965,000 | $419,211 | $0 | 10.83% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 21 | $7,325,000 | $348,810 | $0 | 11.39% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 20 | $7,270,000 | $363,500 | $0 | 10.46% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 46 | $7,110,000 | $154,565 | $0 | 11.08% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 25 | $6,815,000 | $272,600 | $0 | 10.42% |
| PITTSBURGH, PA (FHA|USDA|VA) | 45 | $6,105,000 | $135,667 | $0 | 11.14% |
| Hilo, HI (FHA|USDA|VA) | 3 | $6,015,000 | $2,005,000 | $0 | 11.24% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 32 | $5,770,000 | $180,313 | $0 | 11.36% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $5,760,000 | $1,440,000 | $0 | 10.33% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 18 | $5,570,000 | $309,444 | $0 | 11.59% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 5 | $5,495,000 | $1,099,000 | $0 | 9.92% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 19 | $5,385,000 | $283,421 | $0 | 10.97% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $5,055,000 | $722,143 | $0 | 10.70% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 34 | $5,020,000 | $147,647 | $0 | 11.19% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 11 | $5,005,000 | $455,000 | $0 | 10.54% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 10 | $4,700,000 | $470,000 | $0 | 11.05% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 7 | $4,565,000 | $652,143 | $0 | 10.53% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 17 | $4,355,000 | $256,176 | $0 | 11.17% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 13 | $4,085,000 | $314,231 | $0 | 11.22% |
| COLUMBUS, OH (FHA|USDA|VA) | 16 | $3,890,000 | $243,125 | $0 | 11.27% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $3,740,000 | $467,500 | $0 | 10.44% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 14 | $3,730,000 | $266,429 | $0 | 11.52% |
| SANTA FE, NM (FHA|USDA|VA) | 5 | $3,665,000 | $733,000 | $0 | 11.69% |
| RICHMOND, VA (FHA|USDA|VA) | 15 | $3,455,000 | $230,333 | $0 | 11.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 18 | $3,280,000 | $182,222 | $0 | 10.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $3,250,000 | $812,500 | $0 | 9.87% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 22 | $3,180,000 | $144,545 | $0 | 11.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 12 | $3,150,000 | $262,500 | $0 | 11.60% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $3,140,000 | $785,000 | $0 | 10.71% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 10 | $3,080,000 | $308,000 | $0 | 11.52% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 23 | $2,935,000 | $127,609 | $0 | 11.09% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 8 | $2,850,000 | $356,250 | $0 | 10.46% |
| Outside of Metro Areas | 13 | $2,845,000 | $218,846 | $0 | 11.15% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 10 | $2,800,000 | $280,000 | $0 | 11.59% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 22 | $2,770,000 | $125,909 | $0 | 10.63% |
| WICHITA, KS (FHA|USDA|VA) | 8 | $2,700,000 | $337,500 | $0 | 10.40% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $2,520,000 | $315,000 | $0 | 10.77% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 18 | $2,500,000 | $138,889 | $0 | 11.09% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 7 | $2,465,000 | $352,143 | $0 | 10.60% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 8 | $2,390,000 | $298,750 | $0 | 10.59% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 11 | $2,375,000 | $215,909 | $0 | 11.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 7 | $2,325,000 | $332,143 | $0 | 10.95% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 9 | $2,325,000 | $258,333 | $0 | 10.82% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $2,310,000 | $577,500 | $0 | 10.83% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $2,255,000 | $751,667 | $0 | 10.32% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $2,250,000 | $1,125,000 | $0 | 11.68% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 12 | $2,250,000 | $187,500 | $0 | 11.23% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $2,100,000 | $210,000 | $0 | 10.94% |
| COLUMBIA, SC (FHA|USDA|VA) | 11 | $2,015,000 | $183,182 | $0 | 10.19% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $1,995,000 | $1,995,000 | $0 | 10.74% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 7 | $1,935,000 | $276,429 | $0 | 11.58% |
| Heber, UT (FHA|USDA|VA) | 2 | $1,900,000 | $950,000 | $0 | 10.99% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 11 | $1,825,000 | $165,909 | $0 | 10.68% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 6 | $1,800,000 | $300,000 | $0 | 11.09% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $1,645,000 | $329,000 | $0 | 11.09% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,640,000 | $820,000 | $0 | 9.43% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $1,605,000 | $229,286 | $0 | 10.83% |
| MONTGOMERY, AL (FHA|USDA|VA) | 12 | $1,590,000 | $132,500 | $0 | 11.01% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $0 | 10.52% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $0 | 11.24% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $0 | 11.40% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $0 | 11.87% |
| LOUISVILLE, KY (FHA|USDA|VA) | 8 | $1,330,000 | $166,250 | $0 | 10.99% |
| SAN ANGELO, TX (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $0 | 11.49% |
| Torrington, CT (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $0 | 11.12% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 10.37% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 10.74% |
| GREENVILLE, NC (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $0 | 10.99% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $0 | 9.93% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 9 | $1,205,000 | $133,889 | $0 | 11.07% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 10 | $1,200,000 | $120,000 | $0 | 10.34% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $0 | 11.24% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $0 | 10.87% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 6 | $1,180,000 | $196,667 | $0 | 10.55% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $0 | 11.49% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 11 | $1,155,000 | $105,000 | $0 | 10.29% |
| SAVANNAH, GA (FHA|USDA|VA) | 7 | $1,145,000 | $163,571 | $0 | 10.58% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $0 | 11.62% |
| TOLEDO, OH (FHA|USDA|VA) | 7 | $1,065,000 | $152,143 | $0 | 11.20% |
| READING, PA (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $0 | 10.99% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $0 | 10.24% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 8 | $1,040,000 | $130,000 | $0 | 11.07% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $0 | 10.69% |
| BATON ROUGE, LA (FHA|USDA|VA) | 7 | $1,025,000 | $146,429 | $0 | 10.85% |
| Wilson, NC (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $0 | 10.89% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $0 | 11.47% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 11.24% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $0 | 10.46% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 11.07% |
| ROCHESTER, NY (FHA|USDA|VA) | 9 | $925,000 | $102,778 | $0 | 10.56% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 10.74% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 11.66% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $0 | 11.71% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 12.49% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 11.18% |
| RACINE, WI (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $0 | 11.19% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 11.99% |
| SYRACUSE, NY (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $0 | 10.77% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 12.24% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 12.99% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 9.87% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 10.55% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 10.87% |
| AKRON, OH (FHA|USDA|VA) | 7 | $745,000 | $106,429 | $0 | 10.45% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $0 | 10.52% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 10.99% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 10.99% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $0 | 10.96% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 11.12% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 10.78% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 11.24% |
| RENO, NV (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 10.43% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 10.24% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 10.49% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 12.24% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $0 | 11.24% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 6 | $650,000 | $108,333 | $0 | 11.45% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 10.74% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 10.62% |
| UTICA-ROME, NY (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 11.59% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 10.49% |
| SALEM, OR (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 10.68% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $0 | 11.19% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 11.99% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 11.74% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 10.24% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 10.74% |
| OCALA, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 9.91% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 10.99% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 11.18% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 10.99% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 11.93% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 10.62% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 11.37% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 9.74% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 10.74% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 11.03% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 10.87% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 9.87% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 11.49% |
| Sanford, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 10.99% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $0 | 10.90% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 11.07% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 9.74% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 10.87% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 11.05% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 11.05% |
| Beeville, TX (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 11.28% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 10.49% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 10.49% |
| Freeport, IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 10.49% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 10.74% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 10.49% |
| ERIE, PA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 10.07% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 11.37% |
| SAGINAW, MI (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 11.12% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 10.49% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 10.87% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 10.93% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 10.99% |
| PEORIA, IL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 10.49% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 11.62% |
| Winnemucca, NV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 11.62% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.74% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 11.24% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 10.18% |
| Rockport, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 9.49% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 10.74% |
| DOVER, DE (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 11.37% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 10.49% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 10.49% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 11.74% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 12.41% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 12.24% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 11.74% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 11.62% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 9.49% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 11.37% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 11.87% |
| LIMA, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 11.24% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 11.74% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.74% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 11.43% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.37% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 9.99% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 11.12% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 10.74% |
| Forest City, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 9.74% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 10.49% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 10.87% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 9.24% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.37% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 9.87% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 12.74% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 12.74% |
| Columbus, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 10.37% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 10.49% |
| Marion, IN (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 10.74% |
| Bay City, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.87% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.99% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.87% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.49% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 11.24% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.49% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 11.49% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 9.99% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.99% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.99% |
| McComb, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.74% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.74% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 11.99% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 13.24% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.99% |
| Auburn, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 11.49% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 12.37% |
| Arkadelphia, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 11.37% |
| Laurel, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.99% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 12.24% |
| Sayre, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.74% |
| Wabash, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.24% |
| TULSA, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.99% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.74% |
| Palestine, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.74% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.74% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.49% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.87% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.49% |
| WACO, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.99% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 12.24% |
| NILES, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.24% |
| Meridian, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.24% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.24% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.62% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.24% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.74% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.74% |
| Richmond, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.24% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 13.24% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.49% |
| MERCED, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.24% |
| FLINT, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.99% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 12.12% |
| Marion, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.74% |
| Ozark, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.62% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.24% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,544 | $870,590,000 | $342,213 | $0 | 10.98% |
For 2023, Velocity Commercial Capital's most frequently originated type of loan was Conventional, with 2,544 originations.
Loan Reason
For 2023, Velocity Commercial Capital's most frequently cited loan purpose was Cash Out Refi, with 1,406 originations. The 2nd most popular reason was Home Purchase, with 910 originations.
Loan Duration/Length
For 2023, Velocity Commercial Capital's most frequently cited loan duration was 30 Year, with 2,160 originations. The 2nd most popular length was 1 Year, with 277 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 2,544 | $870,590,000 | $342,213 |
During 2023, Velocity Commercial Capital's average interest rate for loans was 10.84%, while their most frequently originated rate bucket for loans was Over 8%, with 2,544 originations.
Loan Sizing
2023 saw Velocity Commercial Capital place emphasis on $200k-400k loans with 763 originations, totaling $216,785,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Velocity Commercial 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,544 | $870,590,000 | $342,213 |