Velocity Commercial Capital Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300TA4MQM8WN2XG31

Tax ID: 20-1193192

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

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Mortgage Data

  • SimulatedRates™
  • 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, San Francisco, and Philadelphia among others. We have data for 236 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.

    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% 1/29/23
    30 Year Conventional Refi 6.27% 1/29/23
    30 Year Cash-out Refi 6.27% 1/29/23
    15 Year Conventional Purchase 5.68% 1/29/23
    15 Year Conventional Refi 5.68% 1/29/23
    15 Year Cash-out Refi 5.68% 1/29/23
    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.


    Originations

    2,576

    Origination Dollar Volume (All Markets)

    $1,040,480,000

    Relative Rate

    Velocity Commercial Capital's average 30 year fixed mortgage rate was 6.99%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 3.84%.

    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) 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.

    Their top states include:
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (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 2,576 $1,040,480,000 $403,913 $0 7.05%

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Velocity Commercial Capital's most frequently cited loan purpose was Cash Out Refi, with 1,223 originations. The 2nd most popular reason was 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 2021, Velocity Commercial Capital's most frequently cited loan duration was 30 Year, with 2,423 originations. The 2nd most popular length was 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 for loans was 6.99%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    98.65%

    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
    38.20%

    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%