Velocity Commercial Capital Mortgage Rates, Fees & Info
Sacramento, CALEI: 549300TA4MQM8WN2XG31
Tax ID: 20-1193192
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 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
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
2,576Origination Dollar Volume (All Markets)
$1,040,480,000Top 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) | 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, KY (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% |
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
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
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
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
2021 saw Velocity Commercial Capital place emphasis on $200k-400k loans with 793 originations, totaling $228,325,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.65%
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 origination38.20%
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 |