Velocity Commercial Capital Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300TA4MQM8WN2XG31

Tax ID: 20-1193192

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

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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% 4/18/24
30 Year Conventional Refi 6.27% 4/18/24
30 Year Cash-out Refi 6.27% 4/18/24
15 Year Conventional Purchase 5.68% 4/18/24
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

2,544

Origination Dollar Volume (All Markets)

$870,590,000

Relative 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%
Velocity Commercial Capital's top markets include New York, Miami, Los Angeles, Atlanta, and Philadelphia among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,406 $453,350,000 $322,440 $0 11.10%
    Home Purchase 910 $315,920,000 $347,165 $0 10.72%
    Refi 228 $101,320,000 $444,386 $0 11.24%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,160 $744,570,000 $344,708 $0 10.84%
    1 Year 277 $79,775,000 $287,996 $0 11.65%
    Other 103 $45,935,000 $445,971 $0 12.07%
    15 Year 3 $235,000 $78,333 $0 11.66%
    20 Year 1 $75,000 $75,000 $0 10.99%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 763 $216,785,000 $284,122 $0 10.92%
    $100k-200k 753 $109,265,000 $145,106 $0 11.10%
    $100,000 or less 366 $29,740,000 $81,257 $0 10.96%
    $400k-600k 314 $152,210,000 $484,745 $0 10.98%
    $600k-1MM 221 $166,265,000 $752,330 $0 10.86%
    $1MM+ 127 $196,325,000 $1,545,866 $0 10.82%

    2023 saw Velocity Commercial Capital place emphasis on $200k-400k loans with 763 originations, totaling $216,785,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 1,530 $522,740,000 $341,660 $0 10.96%
    White 455 $181,025,000 $397,857 $0 10.96%
    Black 420 $109,870,000 $261,595 $0 11.10%
    Asian 100 $44,780,000 $447,800 $0 10.77%
    Not applicable 17 $4,555,000 $267,941 $0 11.13%
    American Indian 9 $4,245,000 $471,667 $0 10.95%
    Native Hawaiian or Islander 6 $1,070,000 $178,333 $0 10.59%
    Other Asian 2 $670,000 $335,000 $0 12.24%
    Chinese 1 $635,000 $635,000 $0 9.24%
    Native Hawaiian 1 $415,000 $415,000 $0 11.24%
    Other Pacific Islander 1 $255,000 $255,000 $0 10.99%
    Vietnamese 1 $225,000 $225,000 $0 10.37%
    Filipino 1 $105,000 $105,000 $0 13.24%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,544 $870,590,000 $342,213

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,544 $870,590,000 $342,213

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $13,895,000 $308,778 $0 10.65%
    40-60% 296 $104,840,000 $354,189 $0 10.77%
    60-80% 1,749 $635,215,000 $363,188 $0 10.95%
    80-100% 106 $32,600,000 $307,547 $0 11.44%
    Over 100% 342 $82,360,000 $240,819 $0 11.20%
    Under 20% 6 $1,680,000 $280,000 $0 11.43%