Velocity Commercial Capital Mortgage Rates, Fees & Info
Sacramento, CALEI: 549300TA4MQM8WN2XG31
Tax ID: 20-1193192
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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 Boston among others. We have data for 215 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.68% | 4/21/24 |
| 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
2,630Origination Dollar Volume (All Markets)
$832,130,000Top 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) | 510 | $219,260,000 | $429,922 | $0 | 9.35% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 157 | $94,365,000 | $601,051 | $0 | 8.58% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 146 | $42,960,000 | $294,247 | $0 | 9.52% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 37 | $36,725,000 | $992,568 | $0 | 8.58% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 62 | $28,880,000 | $465,806 | $0 | 9.03% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 91 | $27,665,000 | $304,011 | $0 | 9.07% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 157 | $27,215,000 | $173,344 | $0 | 9.86% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 109 | $23,445,000 | $215,092 | $0 | 9.03% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 48 | $17,580,000 | $366,250 | $0 | 8.74% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 72 | $16,390,000 | $227,639 | $0 | 8.82% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 26 | $15,010,000 | $577,308 | $0 | 8.37% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 57 | $11,565,000 | $202,895 | $0 | 9.78% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 42 | $8,760,000 | $208,571 | $0 | 9.48% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 21 | $8,745,000 | $416,429 | $0 | 8.29% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 41 | $8,455,000 | $206,220 | $0 | 8.89% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 32 | $8,280,000 | $258,750 | $0 | 9.18% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 5 | $8,135,000 | $1,627,000 | $0 | 8.37% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 31 | $7,195,000 | $232,097 | $0 | 9.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 50 | $6,810,000 | $136,200 | $0 | 10.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 14 | $6,700,000 | $478,571 | $0 | 8.92% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 21 | $6,085,000 | $289,762 | $0 | 8.16% |
| Outside of Metro Areas | 11 | $6,075,000 | $552,273 | $0 | 9.04% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 9 | $5,855,000 | $650,556 | $0 | 8.19% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 9 | $5,455,000 | $606,111 | $0 | 7.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 24 | $5,330,000 | $222,083 | $0 | 8.69% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 13 | $5,195,000 | $399,615 | $0 | 8.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 17 | $5,125,000 | $301,471 | $0 | 8.71% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 22 | $4,950,000 | $225,000 | $0 | 9.49% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 20 | $4,750,000 | $237,500 | $0 | 8.93% |
| RICHMOND, VA (FHA|USDA|VA) | 27 | $4,715,000 | $174,630 | $0 | 8.85% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $4,600,000 | $460,000 | $0 | 8.90% |
| COLUMBUS, OH (FHA|USDA|VA) | 22 | $4,470,000 | $203,182 | $0 | 9.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 13 | $3,905,000 | $300,385 | $0 | 9.34% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 14 | $3,610,000 | $257,857 | $0 | 9.06% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $3,390,000 | $339,000 | $0 | 8.87% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 11 | $3,325,000 | $302,273 | $0 | 9.22% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 10 | $3,290,000 | $329,000 | $0 | 8.44% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $3,165,000 | $633,000 | $0 | 9.09% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 14 | $3,090,000 | $220,714 | $0 | 9.72% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 19 | $3,025,000 | $159,211 | $0 | 10.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 19 | $2,945,000 | $155,000 | $0 | 9.57% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 15 | $2,835,000 | $189,000 | $0 | 9.36% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 19 | $2,605,000 | $137,105 | $0 | 9.68% |
| VALLEJO, CA (FHA|USDA|VA) | 8 | $2,470,000 | $308,750 | $0 | 9.15% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 12 | $2,390,000 | $199,167 | $0 | 9.74% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 14 | $2,350,000 | $167,857 | $0 | 8.80% |
| MODESTO, CA (FHA|USDA|VA) | 7 | $2,315,000 | $330,714 | $0 | 7.96% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $2,280,000 | $380,000 | $0 | 9.66% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 14 | $2,260,000 | $161,429 | $0 | 9.51% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 18 | $2,250,000 | $125,000 | $0 | 9.95% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 10 | $2,160,000 | $216,000 | $0 | 9.79% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 10 | $2,110,000 | $211,000 | $0 | 10.12% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 16 | $2,070,000 | $129,375 | $0 | 9.17% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 13 | $1,945,000 | $149,615 | $0 | 9.17% |
| PITTSBURGH, PA (FHA|USDA|VA) | 14 | $1,940,000 | $138,571 | $0 | 9.87% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 3 | $1,895,000 | $631,667 | $0 | 7.49% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 10 | $1,880,000 | $188,000 | $0 | 9.40% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $1,840,000 | $184,000 | $0 | 9.45% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $0 | 10.50% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $0 | 9.49% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $0 | 9.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 11 | $1,505,000 | $136,818 | $0 | 10.11% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $1,440,000 | $180,000 | $0 | 9.03% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 11 | $1,435,000 | $130,455 | $0 | 8.83% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 10 | $1,400,000 | $140,000 | $0 | 7.62% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 10 | $1,380,000 | $138,000 | $0 | 9.37% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $0 | 8.56% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $1,370,000 | $228,333 | $0 | 10.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 12 | $1,370,000 | $114,167 | $0 | 9.37% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $0 | 8.69% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 7 | $1,355,000 | $193,571 | $0 | 8.35% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $0 | 8.39% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 8 | $1,250,000 | $156,250 | $0 | 10.09% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $0 | 9.28% |
| SYRACUSE, NY (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $0 | 9.42% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 6 | $1,180,000 | $196,667 | $0 | 9.29% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $0 | 9.65% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $0 | 9.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $0 | 9.20% |
| LOUISVILLE, KY (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $0 | 9.08% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $0 | 10.70% |
| OCALA, FL (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $0 | 8.64% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 8.99% |
| Heber, UT (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 6.99% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $0 | 9.55% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $0 | 9.31% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 10.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $0 | 10.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $0 | 8.37% |
| LAWTON, OK (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 7.74% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $0 | 8.68% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 10.18% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $780,000 | $130,000 | $0 | 8.68% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $0 | 10.05% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $0 | 10.70% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 10.38% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 8.87% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 8.37% |
| MERCED, CA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 9.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 8 | $680,000 | $85,000 | $0 | 8.74% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 10.25% |
| Sevierville, TN (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $0 | 7.99% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 10.37% |
| Torrington, CT (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 9.41% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 9.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 7.99% |
| Hilo, HI (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 9.37% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 7.87% |
| AKRON, OH (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 10.75% |
| TOLEDO, OH (FHA|USDA|VA) | 6 | $610,000 | $101,667 | $0 | 7.95% |
| JACKSON, MS (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 9.67% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 7.49% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 9.43% |
| RENO, NV (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 9.25% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 8.87% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 7.99% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 11.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 9.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 10.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 8.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 9.33% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 7.99% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 9.75% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 10.24% |
| Key West, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 9.24% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 8.58% |
| READING, PA (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 9.99% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 9.12% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 9.41% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 8.75% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 8.50% |
| Hudson, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 7.99% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 11.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 8.74% |
| ALBANY, GA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 9.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 10.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 11.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 7.87% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 9.49% |
| TULSA, OK (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $0 | 10.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 11.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 6.99% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 9.75% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 9.49% |
| Adrian, MI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 9.49% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 10.62% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 9.37% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 10.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.49% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 7.74% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 8.87% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.99% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 7.99% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 7.99% |
| Outside of Metro Areas | 1 | $275,000 | $275,000 | $0 | 8.99% |
| RACINE, WI (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 9.41% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 11.50% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 9.75% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.49% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 10.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.99% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.75% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 9.74% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 11.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 8.49% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.99% |
| NILES, MI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 9.37% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.99% |
| SALEM, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.75% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 9.88% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.99% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 11.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 12.00% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.00% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.49% |
| CHICO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.00% |
| Payson, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 9.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.24% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 11.50% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.49% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.50% |
| Ozark, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.49% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.50% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.49% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.99% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| Susanville, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.99% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.50% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.99% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.50% |
| DOVER, DE (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.50% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.49% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.99% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.25% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.50% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| ERIE, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.99% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.75% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,630 | $832,130,000 | $316,399 | $0 | 9.22% |
For 2019, Velocity Commercial Capital's most frequently originated type of loan was Conventional, with 2,630 originations.
Loan Reason
For 2019, Velocity Commercial Capital's most frequently cited loan purpose was Cash Out Refi, with 1,622 originations. The 2nd most popular reason was Home Purchase, with 542 originations.
Loan Duration/Length
For 2019, Velocity Commercial Capital's most frequently cited loan duration was 30 Year, with 1,481 originations. The 2nd most popular length was 1 Year, with 804 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 2,116 | $619,970,000 | $292,991 |
| 7-8% | 380 | $153,020,000 | $402,684 |
| 6-7% | 120 | $51,690,000 | $430,750 |
| 5-6% | 14 | $7,450,000 | $532,143 |
During 2019, Velocity Commercial Capital's average interest rate for loans was 8.48%, while their most frequently originated rate bucket for loans was Over 8%, with 2,116 originations.
Loan Sizing
2019 saw Velocity Commercial Capital place emphasis on $100k-200k loans with 920 originations, totaling $132,480,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.76%
Velocity Commercial Capital has an average approval rate.
Pick Rate
Approvals leading to origination27.98%
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 | 2,630 | $832,130,000 | $316,399 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 192 | $96,860,000 | $504,479 |
| Single Family (1-4 Units):Site-Built | 2,438 | $735,270,000 | $301,587 |