Velocity Commercial Capital Mortgage Rates, Fees & Info
Sacramento, CALEI: 549300TA4MQM8WN2XG31
Tax ID: 20-1193192
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Mortgage Data
Review & Overview
Velocity Commercial Capital is a small 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, Los Angeles, Miami, Philadelphia, and San Francisco among others. We have data for 290 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 have a below average pick rate when compared to similar 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 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
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This is not an official calculator from Velocity Commercial Capital. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,534Origination Dollar Volume (All Markets)
$1,202,410,000Relative Rate
Velocity Commercial Capital's average 30 year fixed mortgage rate was
10.7%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 4.15%.
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) | 368 | $200,470,000 | $544,755 | $0 | 10.83% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 131 | $98,165,000 | $749,351 | $0 | 10.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 152 | $76,100,000 | $500,658 | $0 | 10.64% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 248 | $53,860,000 | $217,177 | $0 | 10.95% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 42 | $35,810,000 | $852,619 | $0 | 10.56% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 138 | $33,070,000 | $239,638 | $0 | 10.97% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 94 | $31,800,000 | $338,298 | $0 | 10.57% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 58 | $30,920,000 | $533,103 | $0 | 10.64% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 38 | $29,810,000 | $784,474 | $0 | 10.45% |
| Outside of Metro Areas | 104 | $28,740,000 | $276,346 | $0 | 10.87% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 81 | $25,085,000 | $309,691 | $0 | 10.72% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 33 | $19,065,000 | $577,727 | $0 | 10.99% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 126 | $18,880,000 | $149,841 | $0 | 10.87% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 16 | $17,980,000 | $1,123,750 | $0 | 10.64% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 32 | $17,590,000 | $549,688 | $0 | 10.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 38 | $17,500,000 | $460,526 | $0 | 10.28% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 75 | $16,785,000 | $223,800 | $0 | 10.83% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 48 | $16,230,000 | $338,125 | $0 | 10.34% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 86 | $13,520,000 | $157,209 | $0 | 10.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 17 | $12,905,000 | $759,118 | $0 | 10.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 49 | $12,695,000 | $259,082 | $0 | 10.60% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 16 | $11,810,000 | $738,125 | $0 | 10.05% |
| PITTSBURGH, PA (FHA|USDA|VA) | 62 | $10,600,000 | $170,968 | $0 | 10.92% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 37 | $10,235,000 | $276,622 | $0 | 10.70% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $9,590,000 | $685,000 | $0 | 10.53% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 26 | $9,590,000 | $368,846 | $0 | 10.56% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 56 | $9,260,000 | $165,357 | $0 | 10.92% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 17 | $8,755,000 | $515,000 | $0 | 10.45% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 21 | $8,675,000 | $413,095 | $0 | 10.94% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 25 | $7,895,000 | $315,800 | $0 | 11.16% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 16 | $7,700,000 | $481,250 | $0 | 10.59% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 36 | $6,370,000 | $176,944 | $0 | 10.81% |
| FRESNO, CA (FHA|USDA|VA) | 22 | $6,360,000 | $289,091 | $0 | 10.69% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 49 | $6,305,000 | $128,673 | $0 | 10.91% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 26 | $6,120,000 | $235,385 | $0 | 10.89% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 10 | $6,120,000 | $612,000 | $0 | 10.67% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 34 | $6,090,000 | $179,118 | $0 | 10.97% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 13 | $5,975,000 | $459,615 | $0 | 10.68% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 17 | $5,845,000 | $343,824 | $0 | 10.51% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 25 | $5,745,000 | $229,800 | $0 | 10.45% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 26 | $5,200,000 | $200,000 | $0 | 10.73% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 10 | $4,900,000 | $490,000 | $0 | 10.59% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 30 | $4,830,000 | $161,000 | $0 | 10.97% |
| Wilson, NC (FHA|USDA|VA) | 15 | $4,645,000 | $309,667 | $0 | 10.23% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 32 | $4,460,000 | $139,375 | $0 | 10.81% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 16 | $4,180,000 | $261,250 | $0 | 10.90% |
| COLUMBUS, OH (FHA|USDA|VA) | 13 | $4,165,000 | $320,385 | $0 | 11.10% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 9 | $4,135,000 | $459,444 | $0 | 10.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 12 | $3,940,000 | $328,333 | $0 | 10.59% |
| Vineyard Haven, MA (FHA|USDA|VA) | 3 | $3,915,000 | $1,305,000 | $0 | 10.49% |
| TOLEDO, OH (FHA|USDA|VA) | 20 | $3,860,000 | $193,000 | $0 | 10.48% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 21 | $3,835,000 | $182,619 | $0 | 10.72% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 7 | $3,605,000 | $515,000 | $0 | 10.60% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 10 | $3,580,000 | $358,000 | $0 | 10.84% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $3,550,000 | $355,000 | $0 | 10.82% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 12 | $3,540,000 | $295,000 | $0 | 10.83% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 7 | $3,525,000 | $503,571 | $0 | 11.33% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 10 | $3,500,000 | $350,000 | $0 | 10.63% |
| OCALA, FL (FHA|USDA|VA) | 6 | $3,360,000 | $560,000 | $0 | 10.60% |
| BOISE CITY, ID (FHA|USDA|VA) | 7 | $3,265,000 | $466,429 | $0 | 10.04% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 10 | $3,150,000 | $315,000 | $0 | 11.15% |
| Bozeman, MT (FHA|USDA|VA) | 3 | $3,125,000 | $1,041,667 | $0 | 10.62% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $3,040,000 | $506,667 | $0 | 10.51% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $2,995,000 | $427,857 | $0 | 10.79% |
| RICHMOND, VA (FHA|USDA|VA) | 13 | $2,975,000 | $228,846 | $0 | 10.37% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 17 | $2,925,000 | $172,059 | $0 | 11.14% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 22 | $2,790,000 | $126,818 | $0 | 10.85% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 11 | $2,725,000 | $247,727 | $0 | 11.14% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 9 | $2,665,000 | $296,111 | $0 | 10.63% |
| AKRON, OH (FHA|USDA|VA) | 21 | $2,625,000 | $125,000 | $0 | 10.50% |
| Kapaa, HI (FHA|USDA|VA) | 2 | $2,610,000 | $1,305,000 | $0 | 9.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 6 | $2,560,000 | $426,667 | $0 | 11.07% |
| READING, PA (FHA|USDA|VA) | 11 | $2,435,000 | $221,364 | $0 | 11.74% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 12 | $2,430,000 | $202,500 | $0 | 10.34% |
| AMARILLO, TX (FHA|USDA|VA) | 4 | $2,280,000 | $570,000 | $0 | 10.62% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 8 | $2,030,000 | $253,750 | $0 | 11.15% |
| BEND, OR (FHA|USDA|VA) | 4 | $2,020,000 | $505,000 | $0 | 10.15% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,995,000 | $1,995,000 | $0 | 9.62% |
| Heber, UT (FHA|USDA|VA) | 1 | $1,985,000 | $1,985,000 | $0 | 10.74% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,980,000 | $990,000 | $0 | 10.37% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,975,000 | $658,333 | $0 | 10.53% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $0 | 10.72% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $1,950,000 | $243,750 | $0 | 10.29% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 9 | $1,825,000 | $202,778 | $0 | 10.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 9 | $1,745,000 | $193,889 | $0 | 10.18% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $0 | 11.04% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 9 | $1,695,000 | $188,333 | $0 | 11.30% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $1,680,000 | $280,000 | $0 | 10.62% |
| JACKSON, MS (FHA|USDA|VA) | 11 | $1,655,000 | $150,455 | $0 | 10.80% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 12 | $1,610,000 | $134,167 | $0 | 11.08% |
| Hilo, HI (FHA|USDA|VA) | 2 | $1,560,000 | $780,000 | $0 | 11.49% |
| MODESTO, CA (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $0 | 10.59% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,540,000 | $256,667 | $0 | 10.80% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,530,000 | $765,000 | $0 | 10.80% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $0 | 10.54% |
| SAN ANGELO, TX (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $0 | 11.95% |
| WICHITA, KS (FHA|USDA|VA) | 9 | $1,475,000 | $163,889 | $0 | 10.68% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $0 | 10.77% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $0 | 10.57% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $0 | 11.21% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 9 | $1,445,000 | $160,556 | $0 | 10.80% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $1,425,000 | $1,425,000 | $0 | 11.74% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 10 | $1,400,000 | $140,000 | $0 | 10.43% |
| FLINT, MI (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $0 | 10.76% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $0 | 10.74% |
| MONTGOMERY, AL (FHA|USDA|VA) | 6 | $1,290,000 | $215,000 | $0 | 11.07% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 7 | $1,275,000 | $182,143 | $0 | 10.42% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $0 | 11.47% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 10 | $1,220,000 | $122,000 | $0 | 10.09% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $0 | 10.45% |
| Forest City, NC (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $0 | 11.87% |
| MOBILE, AL (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $0 | 11.07% |
| LOUISVILLE, KY (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $0 | 10.72% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $0 | 10.74% |
| BATON ROUGE, LA (FHA|USDA|VA) | 7 | $1,075,000 | $153,571 | $0 | 10.87% |
| MERCED, CA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $0 | 10.16% |
| VISALIA, CA (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $0 | 10.97% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $0 | 11.43% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 10 | $1,020,000 | $102,000 | $0 | 10.68% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $0 | 10.70% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $0 | 11.15% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $0 | 11.05% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 8 | $930,000 | $116,250 | $0 | 10.91% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $0 | 10.77% |
| ROANOKE, VA (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $0 | 10.92% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 11.68% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 10.49% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 11.80% |
| RACINE, WI (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 11.32% |
| BAY CITY, MI (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 10.95% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 11.24% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 10.70% |
| PANAMA CITY, FL (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $0 | 10.18% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 7 | $805,000 | $115,000 | $0 | 11.47% |
| ROCHESTER, NY (FHA|USDA|VA) | 7 | $795,000 | $113,571 | $0 | 10.67% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 8 | $790,000 | $98,750 | $0 | 10.68% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 10.16% |
| LANCASTER, PA (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $0 | 9.94% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 11.24% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $745,000 | $106,429 | $0 | 10.56% |
| FORT WAYNE, IN (FHA|USDA|VA) | 6 | $740,000 | $123,333 | $0 | 10.18% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 11.50% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 10.99% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 10.24% |
| TYLER, TX (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 11.75% |
| BINGHAMTON, NY (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $0 | 11.05% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 10.80% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 11.24% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 11.99% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 10.80% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 11.99% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 10.66% |
| RENO, NV (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 11.62% |
| Helena, MT (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 11.49% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 10.62% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 7 | $545,000 | $77,857 | $0 | 9.90% |
| ERIE, PA (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 9.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 11.18% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 11.24% |
| SALEM, OR (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 12.50% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 9.87% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 10.24% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 10.82% |
| PITTSFIELD, MA (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $0 | 11.27% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 10.49% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 9.87% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 10.74% |
| EL PASO, TX (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 10.33% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 9.74% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 10.74% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 10.87% |
| CHICO, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 9.49% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 11.49% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 10.70% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 9.99% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 11.50% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 5 | $385,000 | $77,000 | $0 | 10.47% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 10.24% |
| HAMMOND, LA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 10.55% |
| DOVER, DE (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 10.74% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 10.30% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 11.46% |
| GREENVILLE, NC (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 10.91% |
| Sanford, NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 11.49% |
| Shelby, NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 10.99% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 10.62% |
| DALTON, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 11.24% |
| TULSA, OK (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 10.74% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 10.24% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 10.87% |
| Amsterdam, NY (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $0 | 10.87% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 10.93% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 9.57% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 10.74% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 10.62% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 9.74% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 10.87% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 9.68% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 10.95% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 10.49% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 10.49% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 11.62% |
| MUNCIE, IN (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 10.43% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 11.74% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 11.49% |
| Kinston, NC (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 10.32% |
| Vicksburg, MS (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 11.18% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 12.99% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 10.43% |
| LIMA, OH (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 11.49% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 10.49% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 10.55% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 11.12% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 10.74% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.99% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.24% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 9.99% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 9.37% |
| Marion, OH (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 10.66% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 10.74% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 11.74% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 10.93% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 10.55% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.49% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.24% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.62% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 11.43% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 10.62% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 10.49% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 9.87% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 10.93% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 11.12% |
| Starkville, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 10.12% |
| ROME, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 11.12% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.87% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 11.24% |
| McComb, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.87% |
| Union, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.49% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 11.37% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.62% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.49% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 11.62% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.99% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.49% |
| MONROE, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.62% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 11.74% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.37% |
| Waycross, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.74% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.99% |
| Danville, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.99% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 11.24% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 11.12% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.99% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 11.24% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.24% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.24% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 11.49% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.99% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 11.55% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.49% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.24% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.12% |
| Athens, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 12.74% |
| Paragould, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.74% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.62% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.99% |
| Emporia, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.24% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.24% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.87% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.24% |
| New Castle, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.87% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.99% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.99% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.12% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 12.99% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.62% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 12.99% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.12% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.74% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.49% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.74% |
| Susanville, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.49% |
| Richmond, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.74% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.74% |
| Ozark, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.49% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.74% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.62% |
| Paris, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.12% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 11.99% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 11.12% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 3,534 | $1,202,410,000 | $340,241 | $0 | 10.77% |
For 2024, Velocity Commercial Capital's most frequently originated type of loan was Conventional, with 3,534 originations.
Loan Reason
For 2024, Velocity Commercial Capital's most frequently cited loan purpose was Cash Out Refi, with 2,289 originations. The 2nd most popular reason was Home Purchase, with 983 originations.
Loan Duration/Length
For 2024, Velocity Commercial Capital's most frequently cited loan duration was 30 Year, with 3,058 originations. The 2nd most popular length was 1 Year, with 301 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 3,531 | $1,201,255,000 | $340,202 |
| 7-8% | 3 | $1,155,000 | $385,000 |
During 2024, Velocity Commercial Capital's average interest rate for loans was 10.70%, while their most frequently originated rate bucket for loans was Over 8%, with 3,531 originations.
Loan Sizing
2024 saw Velocity Commercial Capital place emphasis on $100k-200k loans with 1,060 originations, totaling $153,610,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.69%
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 origination24.08%
Velocity Commercial 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 | 3,534 | $1,202,410,000 | $340,241 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,534 | $1,202,410,000 | $340,241 |