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 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, Los Angeles, Miami, San Francisco, and Washington among others. We have data for 161 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Velocity Commercial Capital Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,877Origination Dollar Volume (All Markets)
$556,595,000Top 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) | 462 | $184,510,000 | $399,372 | $0 | 9.08% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 128 | $62,070,000 | $484,922 | $0 | 8.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 129 | $32,955,000 | $255,465 | $0 | 8.78% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 39 | $20,885,000 | $535,513 | $0 | 8.11% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 58 | $18,630,000 | $321,207 | $0 | 8.78% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 40 | $18,260,000 | $456,500 | $0 | 8.72% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 94 | $15,020,000 | $159,787 | $0 | 9.56% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 56 | $9,030,000 | $161,250 | $0 | 8.87% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 36 | $8,500,000 | $236,111 | $0 | 8.75% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 29 | $8,195,000 | $282,586 | $0 | 8.96% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 14 | $7,980,000 | $570,000 | $0 | 8.28% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 29 | $7,175,000 | $247,414 | $0 | 8.22% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $6,280,000 | $448,571 | $0 | 8.60% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 34 | $6,220,000 | $182,941 | $0 | 8.91% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 25 | $5,185,000 | $207,400 | $0 | 9.23% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 4 | $4,560,000 | $1,140,000 | $0 | 8.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 18 | $4,440,000 | $246,667 | $0 | 8.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $4,360,000 | $545,000 | $0 | 9.37% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 26 | $4,340,000 | $166,923 | $0 | 8.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 25 | $4,275,000 | $171,000 | $0 | 8.96% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 30 | $4,240,000 | $141,333 | $0 | 10.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 24 | $4,140,000 | $172,500 | $0 | 9.02% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 25 | $3,795,000 | $151,800 | $0 | 8.74% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 15 | $3,515,000 | $234,333 | $0 | 8.19% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 7 | $3,415,000 | $487,857 | $0 | 8.19% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 19 | $3,145,000 | $165,526 | $0 | 8.68% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $3,000,000 | $500,000 | $0 | 9.04% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $3,000,000 | $750,000 | $0 | 7.55% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 14 | $2,990,000 | $213,571 | $0 | 8.96% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 16 | $2,890,000 | $180,625 | $0 | 9.61% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 14 | $2,880,000 | $205,714 | $0 | 8.04% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 16 | $2,680,000 | $167,500 | $0 | 8.87% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 13 | $2,675,000 | $205,769 | $0 | 8.82% |
| FRESNO, CA (FHA|USDA|VA) | 11 | $2,595,000 | $235,909 | $0 | 8.70% |
| RICHMOND, VA (FHA|USDA|VA) | 15 | $2,535,000 | $169,000 | $0 | 8.72% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 11 | $2,535,000 | $230,455 | $0 | 8.80% |
| Key West, FL (FHA|USDA|VA) | 2 | $2,500,000 | $1,250,000 | $0 | 10.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 15 | $2,465,000 | $164,333 | $0 | 9.40% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 8 | $2,310,000 | $288,750 | $0 | 8.10% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 12 | $2,280,000 | $190,000 | $0 | 8.70% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 11 | $2,005,000 | $182,273 | $0 | 9.52% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $2,000,000 | $200,000 | $0 | 9.10% |
| PITTSBURGH, PA (FHA|USDA|VA) | 10 | $1,940,000 | $194,000 | $0 | 10.02% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $0 | 6.82% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 11 | $1,645,000 | $149,545 | $0 | 8.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $1,635,000 | $545,000 | $0 | 8.74% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 11 | $1,615,000 | $146,818 | $0 | 10.05% |
| Oak Harbor, WA (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $0 | 8.68% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $1,420,000 | $177,500 | $0 | 9.11% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $0 | 8.27% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $0 | 9.73% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $0 | 9.41% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $0 | 9.32% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $0 | 9.08% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $1,255,000 | $139,444 | $0 | 9.18% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $1,215,000 | $173,571 | $0 | 8.85% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $0 | 8.32% |
| SANTA FE, NM (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $0 | 10.10% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $0 | 9.54% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $0 | 8.56% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $0 | 9.07% |
| ANCHORAGE, AK (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $0 | 9.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 9.56% |
| SALEM, OR (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 9.49% |
| OCALA, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 7.99% |
| Outside of Metro Areas | 5 | $905,000 | $181,000 | $0 | 9.39% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $0 | 9.46% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 8 | $830,000 | $103,750 | $0 | 10.37% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $0 | 8.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 10 | $810,000 | $81,000 | $0 | 9.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $0 | 8.96% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $715,000 | $143,000 | $0 | 8.32% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $0 | 9.62% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 7.57% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 7.95% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 7.16% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 8.49% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 7.91% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 7.66% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $0 | 8.93% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 8.66% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 7.74% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 8.49% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 7.99% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 8.41% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 7.91% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 9.18% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 10.08% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 8.18% |
| Hilo, HI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 8.74% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 8.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $0 | 10.00% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 9.24% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 9.49% |
| RACINE, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 8.74% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 7.99% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 10.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 11.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 10.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 10.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 9.49% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 8.37% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 9.50% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 9.49% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 9.24% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 8.49% |
| VICTORIA, TX (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 7.74% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 10.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.74% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 10.41% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 9.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 8.99% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 10.62% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 7.99% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 9.25% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.75% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 9.13% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 8.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 6.99% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.49% |
| AKRON, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 9.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 11.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.49% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 12.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.25% |
| READING, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.99% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.74% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 10.12% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.99% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 9.75% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.49% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 9.49% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.75% |
| Sonora, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.99% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.24% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.49% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.99% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.49% |
| TULSA, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.25% |
| Marion, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.62% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.99% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.49% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.50% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.75% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.87% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.99% |
| Adrian, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.24% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.25% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.24% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.74% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.49% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.49% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,877 | $556,595,000 | $296,534 | $0 | 8.93% |
For 2018, Velocity Commercial Capital's most frequently originated type of loan was Conventional, with 1,877 originations.
Loan Reason
For 2018, Velocity Commercial Capital's most frequently cited loan purpose was Cash Out Refi, with 1,099 originations. The 2nd most popular reason was Home Purchase, with 577 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,296 | $417,280,000 | $321,975 | $0 | 8.45% |
| 1 Year | 581 | $139,315,000 | $239,785 | $0 | 10.01% |
For 2018, Velocity Commercial Capital's most frequently cited loan duration was 30 Year, with 1,296 originations. The 2nd most popular length was 1 Year, with 581 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 1,428 | $375,180,000 | $262,731 |
| 7-8% | 382 | $154,010,000 | $403,168 |
| 6-7% | 62 | $24,000,000 | $387,097 |
| 5-6% | 5 | $3,405,000 | $681,000 |
During 2018, Velocity Commercial Capital's average interest rate for loans was 8.45%, while their most frequently originated rate bucket for loans was Over 8%, with 1,428 originations.
Loan Sizing
2018 saw Velocity Commercial Capital place emphasis on $100k-200k loans with 706 originations, totaling $100,330,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.04%
Velocity Commercial Capital has an average approval rate.
Pick Rate
Approvals leading to origination22.59%
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 | 1,877 | $556,595,000 | $296,534 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 194 | $88,280,000 | $455,052 |
| Single Family (1-4 Units):Site-Built | 1,683 | $468,315,000 | $278,262 |