Velocity Commercial Capital Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300TA4MQM8WN2XG31

Tax ID: 20-1193192

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include New York, Los Angeles, Miami, San Francisco, and Philadelphia among others. Velocity Commercial 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.


Originations

2,576

Origination Dollar Volume (All Markets)

$1,040,480,000

Relative Rate

Velocity Commercial Capital 's average 30 year fixed rate mortgage of loans were 6.99%.

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

This yields a difference of 3.84%.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 428 $238,970,000 $558,341 $0 7.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 116 $105,270,000 $907,500 $0 6.43%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 210 $94,560,000 $450,286 $0 7.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 41 $43,095,000 $1,051,098 $0 6.26%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 162 $29,710,000 $183,395 $0 7.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 84 $25,430,000 $302,738 $0 7.26%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 57 $24,625,000 $432,018 $0 6.58%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 73 $22,715,000 $311,164 $0 7.16%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 37 $21,375,000 $577,703 $0 6.42%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 45 $16,305,000 $362,333 $0 7.06%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 43 $15,435,000 $358,953 $0 6.93%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 41 $14,835,000 $361,829 $0 5.65%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 41 $14,365,000 $350,366 $0 6.76%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $12,670,000 $1,267,000 $0 6.72%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 18 $12,350,000 $686,111 $0 6.59%
URBAN HONOLULU, HI (FHA|USDA|VA) 14 $11,120,000 $794,286 $0 6.29%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 36 $11,010,000 $305,833 $0 7.02%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 22 $10,330,000 $469,545 $0 7.47%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 19 $10,065,000 $529,737 $0 7.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 39 $9,855,000 $252,692 $0 7.52%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 16 $8,100,000 $506,250 $0 6.65%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 12 $7,200,000 $600,000 $0 6.63%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 27 $7,185,000 $266,111 $0 7.53%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 24 $6,520,000 $271,667 $0 7.63%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $5,650,000 $2,825,000 $0 6.62%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $5,600,000 $1,400,000 $0 5.99%
STOCKTON, CA (FHA|USDA|VA) 10 $5,540,000 $554,000 $0 6.34%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 18 $5,430,000 $301,667 $0 7.70%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 28 $5,070,000 $181,071 $0 7.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $5,030,000 $503,000 $0 7.02%
SALEM, OR (FHA|USDA|VA) 11 $5,005,000 $455,000 $0 6.18%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 18 $4,900,000 $272,222 $0 7.64%
VALLEJO, CA (FHA|USDA|VA) 8 $4,880,000 $610,000 $0 6.49%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 15 $4,805,000 $320,333 $0 6.91%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 30 $4,720,000 $157,333 $0 7.17%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 19 $4,705,000 $247,632 $0 7.39%
ST. LOUIS, MO-IL (FHA|USDA|VA) 19 $4,705,000 $247,632 $0 7.50%
JACKSONVILLE, FL (FHA|USDA|VA) 17 $4,245,000 $249,706 $0 6.48%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 20 $4,220,000 $211,000 $0 7.29%
MODESTO, CA (FHA|USDA|VA) 10 $4,200,000 $420,000 $0 6.95%
RICHMOND, VA (FHA|USDA|VA) 15 $4,055,000 $270,333 $0 7.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 17 $4,045,000 $237,941 $0 6.77%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $4,015,000 $573,571 $0 5.81%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 15 $3,935,000 $262,333 $0 7.25%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 26 $3,900,000 $150,000 $0 6.63%
RENO, NV (FHA|USDA|VA) 3 $3,755,000 $1,251,667 $0 6.24%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $3,720,000 $620,000 $0 6.24%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $3,550,000 $887,500 $0 5.49%
SALINAS, CA (FHA|USDA|VA) 4 $3,510,000 $877,500 $0 6.80%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 16 $3,340,000 $208,750 $0 7.62%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $3,315,000 $473,571 $0 7.45%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $3,315,000 $663,000 $0 6.14%
SPRINGFIELD, MA (FHA|USDA|VA) 15 $3,185,000 $212,333 $0 7.56%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 8 $3,100,000 $387,500 $0 6.87%
Key West, FL (FHA|USDA|VA) 7 $3,045,000 $435,000 $0 6.56%
Outside of Metro Areas 12 $3,020,000 $251,667 $0 7.06%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $3,015,000 $603,000 $0 7.59%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $2,845,000 $569,000 $0 6.39%
PITTSBURGH, PA (FHA|USDA|VA) 20 $2,820,000 $141,000 $0 7.13%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 16 $2,770,000 $173,125 $0 7.03%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 13 $2,735,000 $210,385 $0 6.99%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $2,655,000 $885,000 $0 5.87%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 14 $2,620,000 $187,143 $0 7.17%
COLUMBUS, OH (FHA|USDA|VA) 13 $2,505,000 $192,692 $0 7.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 15 $2,495,000 $166,333 $0 7.36%
BAKERSFIELD, CA (FHA|USDA|VA) 10 $2,450,000 $245,000 $0 6.99%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 7 $2,445,000 $349,286 $0 6.99%
VISALIA, CA (FHA|USDA|VA) 8 $2,400,000 $300,000 $0 9.65%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 9 $2,385,000 $265,000 $0 6.53%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $2,320,000 $1,160,000 $0 5.49%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $2,225,000 $741,667 $0 6.91%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 4 $2,220,000 $555,000 $0 7.30%
ALBANY-LEBANON, OR (FHA|USDA|VA) 4 $2,120,000 $530,000 $0 6.24%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 12 $2,010,000 $167,500 $0 7.52%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $2,005,000 $668,333 $0 6.32%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 4 $1,970,000 $492,500 $0 6.49%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 9 $1,915,000 $212,778 $0 8.34%
PUNTA GORDA, FL (FHA|USDA|VA) 7 $1,855,000 $265,000 $0 7.10%
PORT ST. LUCIE, FL (FHA|USDA|VA) 9 $1,825,000 $202,778 $0 7.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 10 $1,770,000 $177,000 $0 7.62%
GRANTS PASS, OR (FHA|USDA|VA) 4 $1,740,000 $435,000 $0 6.99%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 10 $1,720,000 $172,000 $0 7.59%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $1,580,000 $263,333 $0 7.68%
Hailey, ID (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $0 7.49%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 9 $1,485,000 $165,000 $0 7.89%
TOLEDO, OH (FHA|USDA|VA) 9 $1,455,000 $161,667 $0 7.16%
OKLAHOMA CITY, OK (FHA|USDA|VA) 7 $1,445,000 $206,429 $0 5.81%
EAST STROUDSBURG, PA (FHA|USDA|VA) 8 $1,390,000 $173,750 $0 6.87%
LYNCHBURG, VA (FHA|USDA|VA) 3 $1,385,000 $461,667 $0 5.49%
AKRON, OH (FHA|USDA|VA) 8 $1,370,000 $171,250 $0 7.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $0 5.24%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,275,000 $182,143 $0 7.22%
YUBA CITY, CA (FHA|USDA|VA) 1 $1,225,000 $1,225,000 $0 5.49%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 6 $1,220,000 $203,333 $0 7.37%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 9 $1,205,000 $133,889 $0 7.96%
EL PASO, TX (FHA|USDA|VA) 3 $1,155,000 $385,000 $0 6.24%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $1,115,000 $159,286 $0 7.35%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,100,000 $550,000 $0 4.68%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,090,000 $272,500 $0 6.80%
PANAMA CITY, FL (FHA|USDA|VA) 5 $1,035,000 $207,000 $0 6.59%
OCEAN CITY, NJ (FHA|USDA|VA) 4 $1,010,000 $252,500 $0 7.74%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $990,000 $495,000 $0 6.62%
MOBILE, AL (FHA|USDA|VA) 2 $960,000 $480,000 $0 8.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $930,000 $465,000 $0 7.05%
ALBUQUERQUE, NM (FHA|USDA|VA) 4 $930,000 $232,500 $0 7.43%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 6 $920,000 $153,333 $0 7.41%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $920,000 $153,333 $0 7.82%
OCALA, FL (FHA|USDA|VA) 4 $890,000 $222,500 $0 7.05%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $880,000 $146,667 $0 7.55%
MEDFORD, OR (FHA|USDA|VA) 2 $870,000 $435,000 $0 7.62%
SANTA FE, NM (FHA|USDA|VA) 1 $855,000 $855,000 $0 7.99%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $830,000 $415,000 $0 7.24%
READING, PA (FHA|USDA|VA) 6 $820,000 $136,667 $0 6.97%
MONTGOMERY, AL (FHA|USDA|VA) 6 $780,000 $130,000 $0 6.51%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $760,000 $190,000 $0 6.30%
Kapaa, HI (FHA|USDA|VA) 1 $715,000 $715,000 $0 5.24%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $700,000 $116,667 $0 6.53%
MUSKEGON, MI (FHA|USDA|VA) 1 $695,000 $695,000 $0 6.74%
WICHITA, KS (FHA|USDA|VA) 3 $655,000 $218,333 $0 6.41%
MADERA, CA (FHA|USDA|VA) 3 $645,000 $215,000 $0 7.91%
SAVANNAH, GA (FHA|USDA|VA) 3 $645,000 $215,000 $0 7.41%
BOISE CITY, ID (FHA|USDA|VA) 1 $635,000 $635,000 $0 6.74%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $625,000 $208,333 $0 7.24%
NAPA, CA (FHA|USDA|VA) 1 $615,000 $615,000 $0 8.74%
TULSA, OK (FHA|USDA|VA) 3 $605,000 $201,667 $0 6.66%
ABILENE, TX (FHA|USDA|VA) 1 $595,000 $595,000 $0 6.99%
RACINE, WI (FHA|USDA|VA) 1 $595,000 $595,000 $0 8.99%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 5 $575,000 $115,000 $0 5.99%
ELMIRA, NY (FHA|USDA|VA) 3 $565,000 $188,333 $0 6.99%
FRESNO, CA (FHA|USDA|VA) 2 $550,000 $275,000 $0 5.12%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $525,000 $175,000 $0 8.16%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $505,000 $505,000 $0 7.49%
LAFAYETTE, LA (FHA|USDA|VA) 2 $500,000 $250,000 $0 5.49%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $485,000 $485,000 $0 7.49%
CORVALLIS, OR (FHA|USDA|VA) 1 $485,000 $485,000 $0 6.24%
EVANSVILLE, IN-KY (FHA|USDA|VA) 4 $480,000 $120,000 $0 6.99%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $475,000 $475,000 $0 5.99%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $470,000 $235,000 $0 7.62%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $465,000 $155,000 $0 8.16%
MADISON, WI (FHA|USDA|VA) 1 $465,000 $465,000 $0 6.49%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $465,000 $465,000 $0 6.49%
ERIE, PA (FHA|USDA|VA) 4 $460,000 $115,000 $0 6.87%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $455,000 $455,000 $0 6.24%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $445,000 $148,333 $0 7.91%
ROCHESTER, NY (FHA|USDA|VA) 4 $420,000 $105,000 $0 7.05%
Klamath Falls, OR (FHA|USDA|VA) 1 $415,000 $415,000 $0 6.24%
TUCSON, AZ (FHA|USDA|VA) 2 $410,000 $205,000 $0 7.49%
LAREDO, TX (FHA|USDA|VA) 2 $390,000 $195,000 $0 6.80%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $385,000 $128,333 $0 7.91%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $380,000 $190,000 $0 8.12%
SYRACUSE, NY (FHA|USDA|VA) 2 $380,000 $190,000 $0 8.37%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $375,000 $375,000 $0 6.37%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $375,000 $375,000 $0 7.99%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $365,000 $365,000 $0 5.99%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $360,000 $180,000 $0 7.62%
HAMMOND, LA (FHA|USDA|VA) 2 $350,000 $175,000 $0 7.37%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.49%
BELLINGHAM, WA (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.49%
Hilo, HI (FHA|USDA|VA) 1 $335,000 $335,000 $0 7.24%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $320,000 $160,000 $0 6.87%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.49%
Albertville, AL (FHA|USDA|VA) 2 $300,000 $150,000 $0 8.87%
Kalispell, MT (FHA|USDA|VA) 1 $295,000 $295,000 $0 7.49%
MERCED, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 6.24%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $285,000 $285,000 $0 6.99%
BEND, OR (FHA|USDA|VA) 1 $285,000 $285,000 $0 8.74%
PROVO-OREM, UT (FHA|USDA|VA) 1 $285,000 $285,000 $0 6.49%
COLUMBIA, SC (FHA|USDA|VA) 2 $280,000 $140,000 $0 5.80%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.24%
Glenwood Springs, CO (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.99%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.99%
Oxford, MS (FHA|USDA|VA) 2 $260,000 $130,000 $0 7.74%
LUBBOCK, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.49%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.74%
KINGSTON, NY (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.99%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.99%
Concord, NH (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.49%
BINGHAMTON, NY (FHA|USDA|VA) 2 $240,000 $120,000 $0 7.12%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $240,000 $120,000 $0 7.12%
SUMTER, SC (FHA|USDA|VA) 2 $230,000 $115,000 $0 7.49%
FORT COLLINS, CO (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.74%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.49%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.74%
BATON ROUGE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.99%
ITHACA, NY (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.24%
SAGINAW, MI (FHA|USDA|VA) 3 $215,000 $71,667 $0 6.74%
WACO, TX (FHA|USDA|VA) 2 $210,000 $105,000 $0 7.99%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $200,000 $100,000 $0 7.74%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $200,000 $100,000 $0 7.24%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.99%
FLINT, MI (FHA|USDA|VA) 3 $195,000 $65,000 $0 7.99%
Oneonta, NY (FHA|USDA|VA) 2 $190,000 $95,000 $0 6.62%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.99%
ROME, GA (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.99%
Plymouth, IN (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.99%
Torrington, CT (FHA|USDA|VA) 1 $165,000 $165,000 $0 9.99%
Pahrump, NV (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.74%
GLENS FALLS, NY (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.99%
BURLINGTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.74%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.74%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.49%
AMARILLO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.24%
NEW BERN, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.99%
AMES, IA (FHA|USDA|VA) 1 $145,000 $145,000 $0 8.99%
Cambridge, MD (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.62%
MONROE, LA (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.49%
POCATELLO, ID (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.49%
ROANOKE, VA (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.74%
ASHEVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.99%
Ashtabula, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.99%
Kinston, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.24%
DULUTH, MN-WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.99%
Berlin, NH (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.99%
JONESBORO, AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.74%
SPARTANBURG, SC (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.99%
Corsicana, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.49%
Huntsville, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 9.99%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.24%
Amsterdam, NY (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.74%
Lake City, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.74%
ANN ARBOR, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.49%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.99%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.49%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.49%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.49%
ROCKFORD, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.24%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.49%
Roswell, NM (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.49%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.24%
Adrian, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.24%
Greenville, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.99%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.99%
JACKSON, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.74%
JACKSON, MS (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.99%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.99%
GAINESVILLE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.24%

Velocity Commercial Capital 's top markets include New York, Los Angeles, Miami, San Francisco, and Philadelphia among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,576 $1,040,480,000 $403,913 $0 7.05%

For the 2021 period, Velocity Commercial Capital 's most frequently originated loan type of loans were Conventional, with 2,576 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 1,223 $460,335,000 $376,398 $0 7.24%
Home Purchase 1,077 $466,415,000 $433,069 $0 6.75%
Refi 276 $113,730,000 $412,065 $0 7.34%

For the 2021, Velocity Commercial Capital 's most frequently cited loan purpose of loans were Cash Out Refi, with 1,223 originations. The 2nd most popular reason of loans were Home Purchase, with 1,077 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,423 $971,225,000 $400,836 $0 6.99%
1 Year 94 $37,480,000 $398,723 $0 7.60%
Other 53 $29,795,000 $562,170 $0 8.70%
15 Year 6 $1,980,000 $330,000 $0 6.16%

For the 2021, Velocity Commercial Capital 's most frequently cited loan length of loans were 30 Year, with 2,423 originations. The 2nd most popular length of loans were 1 Year, with 94 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
7-8% 853 $275,895,000 $323,441
6-7% 773 $302,625,000 $391,494
5-6% 398 $227,540,000 $571,709
Over 8% 386 $116,750,000 $302,461
4-5% 122 $88,340,000 $724,098
3-4% 44 $29,330,000 $666,591

During 2021, Velocity Commercial Capital 's average interest rate of loans were 6.99%, while their most frequently originated rate bucket of loans were 7-8%, with 853 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 793 $228,325,000 $287,926 $0 7.03%
$100k-200k 764 $112,300,000 $146,990 $0 7.34%
$400k-600k 350 $169,330,000 $483,800 $0 6.92%
$600k-1MM 269 $200,795,000 $746,450 $0 6.80%
$100,000 or less 226 $19,400,000 $85,841 $0 7.26%
$1MM+ 174 $310,330,000 $1,783,506 $0 6.24%

2021 saw Velocity Commercial Capital place emphasis on $200k-400k loans with 793 originations, totaling $228,325,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not provided 1,646 $654,420,000 $397,582 $0 7.12%
White 447 $191,955,000 $429,430 $0 6.90%
Asian 206 $106,560,000 $517,282 $0 6.46%
Black 246 $70,220,000 $285,447 $0 7.45%
American Indian 13 $4,415,000 $339,615 $0 6.81%
Asian Indian 4 $4,220,000 $1,055,000 $0 6.24%
Chinese 4 $4,040,000 $1,010,000 $0 5.15%
Filipino 3 $1,935,000 $645,000 $0 4.99%
Native Hawaiian 3 $1,365,000 $455,000 $0 6.41%
Vietnamese 1 $805,000 $805,000 $0 6.99%
Other Asian 3 $545,000 $181,667 $0 7.32%

Approval Rates

Total approvals of all applications
94.41%

Velocity Commercial Capital has an average approval rate.

Pick Rate

Approvals leading to origination
28.42%

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 2,576 $1,040,480,000 $403,913

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,576 $1,040,480,000 $403,913

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 35 $15,485,000 $442,429 $0 6.44%
40-60% 224 $84,180,000 $375,804 $0 6.90%
60-80% 2,043 $835,315,000 $408,867 $0 7.05%
80-100% 57 $30,415,000 $533,596 $0 7.10%
Over 100% 210 $71,160,000 $338,857 $0 7.26%
Under 20% 7 $3,925,000 $560,714 $0 6.49%