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 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, Philadelphia, and Atlanta among others. We have data for 261 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 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% | 11/21/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,505Origination Dollar Volume (All Markets)
$1,425,545,000Top 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) | 538 | $314,730,000 | $585,000 | $0 | 7.90% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 149 | $139,115,000 | $933,658 | $0 | 7.46% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 186 | $96,700,000 | $519,892 | $0 | 8.09% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 274 | $56,430,000 | $205,949 | $0 | 8.42% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 159 | $48,245,000 | $303,428 | $0 | 8.98% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 51 | $41,105,000 | $805,980 | $0 | 7.67% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 32 | $24,930,000 | $779,063 | $0 | 7.37% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 43 | $24,665,000 | $573,605 | $0 | 8.51% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 49 | $24,215,000 | $494,184 | $0 | 8.02% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 91 | $24,055,000 | $264,341 | $0 | 8.37% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 54 | $23,030,000 | $426,481 | $0 | 8.26% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 39 | $22,595,000 | $579,359 | $0 | 7.28% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 62 | $21,760,000 | $350,968 | $0 | 8.21% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 63 | $21,305,000 | $338,175 | $0 | 8.52% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 40 | $20,630,000 | $515,750 | $0 | 7.20% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 52 | $19,150,000 | $368,269 | $0 | 7.84% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 62 | $17,940,000 | $289,355 | $0 | 8.80% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 22 | $14,700,000 | $668,182 | $0 | 7.73% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 29 | $13,635,000 | $470,172 | $0 | 7.93% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 48 | $13,330,000 | $277,708 | $0 | 8.45% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $12,215,000 | $1,357,222 | $0 | 8.45% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 52 | $12,000,000 | $230,769 | $0 | 8.70% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 6 | $10,980,000 | $1,830,000 | $0 | 4.62% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 25 | $10,605,000 | $424,200 | $0 | 8.04% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 35 | $9,625,000 | $275,000 | $0 | 8.87% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 38 | $8,850,000 | $232,895 | $0 | 8.57% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 39 | $8,585,000 | $220,128 | $0 | 8.81% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $8,535,000 | $1,219,286 | $0 | 8.56% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 25 | $8,205,000 | $328,200 | $0 | 8.89% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 16 | $7,520,000 | $470,000 | $0 | 8.27% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 12 | $7,280,000 | $606,667 | $0 | 7.78% |
| Kapaa, HI (FHA|USDA|VA) | 6 | $6,650,000 | $1,108,333 | $0 | 6.41% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 10 | $6,640,000 | $664,000 | $0 | 8.45% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 22 | $6,520,000 | $296,364 | $0 | 9.10% |
| PITTSBURGH, PA (FHA|USDA|VA) | 33 | $6,425,000 | $194,697 | $0 | 8.27% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 17 | $6,105,000 | $359,118 | $0 | 8.34% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 26 | $6,030,000 | $231,923 | $0 | 9.05% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 24 | $5,900,000 | $245,833 | $0 | 9.11% |
| COLUMBUS, OH (FHA|USDA|VA) | 26 | $5,900,000 | $226,923 | $0 | 8.51% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 17 | $5,885,000 | $346,176 | $0 | 8.22% |
| Wilson, NC (FHA|USDA|VA) | 17 | $5,795,000 | $340,882 | $0 | 10.04% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 25 | $5,265,000 | $210,600 | $0 | 8.67% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 16 | $5,120,000 | $320,000 | $0 | 7.45% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 27 | $5,065,000 | $187,593 | $0 | 8.82% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 6 | $5,020,000 | $836,667 | $0 | 7.20% |
| SALINAS, CA (FHA|USDA|VA) | 4 | $4,980,000 | $1,245,000 | $0 | 7.46% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 10 | $4,970,000 | $497,000 | $0 | 7.88% |
| Key West, FL (FHA|USDA|VA) | 7 | $4,935,000 | $705,000 | $0 | 7.60% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $4,575,000 | $915,000 | $0 | 8.32% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 25 | $4,415,000 | $176,600 | $0 | 9.19% |
| PROVO-OREM, UT (FHA|USDA|VA) | 12 | $4,260,000 | $355,000 | $0 | 9.16% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 16 | $4,220,000 | $263,750 | $0 | 8.37% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $4,115,000 | $1,371,667 | $0 | 7.78% |
| MONTGOMERY, AL (FHA|USDA|VA) | 10 | $3,960,000 | $396,000 | $0 | 9.07% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 23 | $3,945,000 | $171,522 | $0 | 7.39% |
| Outside of Metro Areas | 7 | $3,935,000 | $562,143 | $0 | 8.74% |
| RICHMOND, VA (FHA|USDA|VA) | 19 | $3,905,000 | $205,526 | $0 | 7.96% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 22 | $3,740,000 | $170,000 | $0 | 9.23% |
| Heber, UT (FHA|USDA|VA) | 2 | $3,670,000 | $1,835,000 | $0 | 7.93% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 19 | $3,665,000 | $192,895 | $0 | 8.54% |
| FRESNO, CA (FHA|USDA|VA) | 9 | $3,635,000 | $403,889 | $0 | 8.89% |
| Sevierville, TN (FHA|USDA|VA) | 4 | $3,610,000 | $902,500 | $0 | 8.15% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 15 | $3,605,000 | $240,333 | $0 | 7.73% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 15 | $3,605,000 | $240,333 | $0 | 8.72% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 17 | $3,575,000 | $210,294 | $0 | 8.17% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 5 | $3,555,000 | $711,000 | $0 | 6.54% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $3,475,000 | $1,158,333 | $0 | 7.03% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 16 | $3,430,000 | $214,375 | $0 | 8.52% |
| READING, PA (FHA|USDA|VA) | 23 | $3,325,000 | $144,565 | $0 | 8.04% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 9 | $3,255,000 | $361,667 | $0 | 7.96% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 5 | $3,085,000 | $617,000 | $0 | 8.57% |
| STOCKTON, CA (FHA|USDA|VA) | 6 | $2,990,000 | $498,333 | $0 | 8.55% |
| Hilo, HI (FHA|USDA|VA) | 7 | $2,985,000 | $426,429 | $0 | 8.01% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $2,905,000 | $968,333 | $0 | 10.82% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $2,850,000 | $1,425,000 | $0 | 8.12% |
| SALEM, OR (FHA|USDA|VA) | 5 | $2,775,000 | $555,000 | $0 | 6.62% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 13 | $2,755,000 | $211,923 | $0 | 9.01% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 12 | $2,730,000 | $227,500 | $0 | 7.30% |
| VALLEJO, CA (FHA|USDA|VA) | 6 | $2,730,000 | $455,000 | $0 | 7.12% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 15 | $2,715,000 | $181,000 | $0 | 8.00% |
| WICHITA, KS (FHA|USDA|VA) | 4 | $2,500,000 | $625,000 | $0 | 8.49% |
| VISALIA, CA (FHA|USDA|VA) | 7 | $2,495,000 | $356,429 | $0 | 9.60% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 8 | $2,480,000 | $310,000 | $0 | 8.37% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 16 | $2,330,000 | $145,625 | $0 | 8.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 5 | $2,305,000 | $461,000 | $0 | 5.94% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 11 | $2,195,000 | $199,545 | $0 | 8.94% |
| SAVANNAH, GA (FHA|USDA|VA) | 9 | $2,185,000 | $242,778 | $0 | 7.78% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $0 | 7.42% |
| BATON ROUGE, LA (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $0 | 8.32% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $2,070,000 | $1,035,000 | $0 | 5.80% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 12 | $2,020,000 | $168,333 | $0 | 8.44% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $1,935,000 | $645,000 | $0 | 8.32% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 7 | $1,925,000 | $275,000 | $0 | 8.85% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $0 | 8.64% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 8 | $1,820,000 | $227,500 | $0 | 7.43% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $1,790,000 | $447,500 | $0 | 8.40% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $1,755,000 | $585,000 | $0 | 8.70% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $1,745,000 | $193,889 | $0 | 8.31% |
| PUEBLO, CO (FHA|USDA|VA) | 12 | $1,740,000 | $145,000 | $0 | 6.95% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 5 | $1,725,000 | $345,000 | $0 | 8.64% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $0 | 7.74% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 14 | $1,600,000 | $114,286 | $0 | 8.36% |
| ANCHORAGE, AK (FHA|USDA|VA) | 11 | $1,595,000 | $145,000 | $0 | 6.17% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $0 | 8.39% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 10 | $1,540,000 | $154,000 | $0 | 7.15% |
| GRANTS PASS, OR (FHA|USDA|VA) | 3 | $1,515,000 | $505,000 | $0 | 7.74% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 8 | $1,410,000 | $176,250 | $0 | 9.71% |
| MADERA, CA (FHA|USDA|VA) | 2 | $1,410,000 | $705,000 | $0 | 6.12% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $0 | 10.12% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $0 | 8.57% |
| AKRON, OH (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $0 | 8.12% |
| RENO, NV (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $0 | 6.74% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $0 | 9.55% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $0 | 7.12% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $0 | 9.94% |
| TULSA, OK (FHA|USDA|VA) | 9 | $1,145,000 | $127,222 | $0 | 8.84% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $0 | 7.97% |
| Torrington, CT (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $0 | 8.41% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 7.24% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,100,000 | $183,333 | $0 | 9.01% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $0 | 7.70% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $0 | 8.27% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 7.68% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 8 | $1,060,000 | $132,500 | $0 | 8.57% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $0 | 6.08% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $0 | 8.07% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $0 | 6.49% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 11 | $1,025,000 | $93,182 | $0 | 4.99% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $0 | 7.99% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $0 | 7.74% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 7.99% |
| TOLEDO, OH (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $0 | 8.34% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $0 | 9.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $0 | 9.30% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 7.37% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 9.99% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $0 | 6.41% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 10.49% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 6.16% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $0 | 7.12% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $0 | 7.24% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $0 | 6.87% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 9.24% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $0 | 7.87% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 9.30% |
| Hudson, NY (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $0 | 10.62% |
| OCALA, FL (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $0 | 8.18% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 8.24% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 6.99% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 6.80% |
| MERCED, CA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 6.37% |
| HINESVILLE, GA (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $0 | 10.68% |
| WACO, TX (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $0 | 6.37% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 3.99% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 6.49% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 7.80% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 8.12% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 7.87% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 7.87% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 9.30% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 5.99% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 8.37% |
| BINGHAMTON, NY (FHA|USDA|VA) | 6 | $600,000 | $100,000 | $0 | 9.43% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 8.87% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 8.49% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 7.24% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 10.16% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 8.24% |
| JACKSON, MS (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $0 | 8.40% |
| MORRISTOWN, TN (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 8.66% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 9.18% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 7.87% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 7.74% |
| Shelton, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 6.24% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 9.24% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 10.12% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $0 | 7.80% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 8.99% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 9.68% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 8.62% |
| SYRACUSE, NY (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $0 | 8.27% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 7.99% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $0 | 8.58% |
| Laconia, NH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 7.74% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 9.05% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 9.74% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 7.37% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 7.87% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 11.99% |
| RACINE, WI (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 9.82% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 7.99% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 8.49% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 5.99% |
| Winnemucca, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 10.99% |
| Albertville, AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 9.74% |
| Amsterdam, NY (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 6.82% |
| Brenham, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 10.49% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 6.12% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 8.93% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 9.62% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 8.49% |
| DOVER, DE (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 8.74% |
| TYLER, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 4.49% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 8.16% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 8.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 7.99% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 8.12% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 7.99% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 8.99% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.99% |
| Montrose, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.99% |
| Stephenville, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 5.49% |
| Fallon, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.87% |
| Auburn, NY (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 8.37% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 11.12% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 6.74% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.62% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 7.24% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 10.74% |
| Safford, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 12.74% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 10.74% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 6.62% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.74% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.99% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 11.74% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.99% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.74% |
| Richmond, IN (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 9.37% |
| Emporia, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.99% |
| Shelby, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.99% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.62% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.49% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 11.62% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.49% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.49% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.99% |
| Newport, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.24% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.99% |
| FLINT, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.99% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.99% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.99% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.99% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.24% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.99% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.87% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.49% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.12% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.99% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.24% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.74% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.74% |
| Adrian, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.49% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.24% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.24% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.99% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.74% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.74% |
| Marion, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.49% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.99% |
| West Point, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.74% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.49% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 3,505 | $1,425,545,000 | $406,718 | $0 | 8.21% |
For 2022, Velocity Commercial Capital's most frequently originated type of loan was Conventional, with 3,505 originations.
Loan Reason
For 2022, Velocity Commercial Capital's most frequently cited loan purpose was Cash Out Refi, with 1,819 originations. The 2nd most popular reason was Home Purchase, with 1,408 originations.
Loan Duration/Length
For 2022, Velocity Commercial Capital's most frequently cited loan duration was 30 Year, with 3,182 originations. The 2nd most popular length was 1 Year, with 228 originations.
Interest Rates
During 2022, Velocity Commercial Capital's average interest rate for loans was 8.13%, while their most frequently originated rate bucket for loans was Over 8%, with 1,793 originations.
Loan Sizing
2022 saw Velocity Commercial Capital place emphasis on $200k-400k loans with 1,096 originations, totaling $313,830,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,505 | $1,425,545,000 | $406,718 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,505 | $1,425,545,000 | $406,718 |