Columbus Capital Lending Mortgage Rates, Fees & Info

MIAMI, FL

LEI: 549300U2SQMRT681J356

Tax ID: 46-1342618

1 stars - out of 5 stars, based on 34 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Columbus Capital Lending is a smaller mortgage company specializing in Home Purchase loans. Columbus Capital Lending has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Miami, Orlando, Key West, Cape Coral, and Lakeland among others. Columbus Capital Lending has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Columbus Capital Lending is typically a high fee lendor.


Originations

1,153

Origination Dollar Volume (All Markets)

$345,345,000

Relative Rate

Columbus Capital Lending 's average 30 year fixed rate mortgage of loans were 3.26%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.11%.

Relative Fees

Columbus Capital Lending 's average total fees for a 30 year fixed rate mortgage are $9,998.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1,004 $303,930,000 $302,719 $9,995 3.23%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 47 $12,725,000 $270,745 $8,560 3.20%
Key West, FL (FHA|USDA|VA) 18 $7,840,000 $435,556 $11,432 3.40%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 20 $5,420,000 $271,000 $8,676 3.22%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 14 $3,160,000 $225,714 $8,459 3.29%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $2,495,000 $226,818 $6,494 3.32%
PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,970,000 $328,333 $9,702 3.35%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,765,000 $353,000 $12,438 3.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $1,215,000 $243,000 $10,255 3.30%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $1,180,000 $295,000 $12,191 3.72%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $750,000 $187,500 $8,803 3.09%
Clewiston, FL (FHA|USDA|VA) 3 $635,000 $211,667 $11,044 2.71%
OCALA, FL (FHA|USDA|VA) 3 $475,000 $158,333 $7,482 3.17%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $470,000 $235,000 $8,147 4.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $420,000 $210,000 $10,084 3.50%
GAINESVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $8,056 3.50%
Outside of Metro Areas 1 $215,000 $215,000 $5,824 3.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $155,000 $155,000 $7,279 2.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $7,179 3.38%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $85,000 $85,000 $4,298 3.00%

Columbus Capital Lending 's top markets include Miami, Orlando, Key West, Cape Coral, and Lakeland among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 779 $230,345,000 $295,693 $8,331 3.28%
FHA 353 $106,845,000 $302,677 $13,130 3.16%
VA 20 $7,870,000 $393,500 $12,365 2.92%
USDA 1 $285,000 $285,000 $18,051 2.88%

For the 2021 period, Columbus Capital Lending 's most frequently originated loan type of loans were Conventional, with 779 originations. Their 2nd most popular type is FHA, with 353 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 795 $245,485,000 $308,786 $10,213 3.25%
Refi 224 $65,120,000 $290,714 $9,246 3.08%
Cash Out Refi 134 $34,740,000 $259,254 $8,932 3.42%

For the 2021, Columbus Capital Lending 's most frequently cited loan purpose of loans were Home Purchase, with 795 originations. The 2nd most popular reason of loans were Refi, with 224 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,113 $337,585,000 $303,311 $9,998 3.26%
15 Year 24 $4,520,000 $188,333 $6,370 2.59%
20 Year 12 $2,440,000 $203,333 $6,432 2.96%
Other 3 $695,000 $231,667 $6,710 3.13%
10 Year 1 $105,000 $105,000 $6,967 2.38%

For the 2021, Columbus Capital Lending 's most frequently cited loan length of loans were 30 Year, with 1,113 originations. The 2nd most popular length of loans were 15 Year, with 24 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 353 $122,495,000 $347,011
$3k-4k 314 $85,830,000 $273,344
$1k-2k 245 $71,735,000 $292,796
$2k-3k 238 $64,070,000 $269,202
$<1k 3 $1,215,000 $405,000

$9,998 of loans were Columbus Capital Lending 's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 353 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 732 $225,490,000 $308,046
2.5-3% 321 $93,105,000 $290,047
4-5% 51 $12,885,000 $252,647
<2.5% 49 $13,865,000 $282,959

During 2021, Columbus Capital Lending 's average interest rate of loans were 3.26%, while their most frequently originated rate bucket of loans were 3-4%, with 732 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 731 $220,495,000 $301,635 $10,310 3.23%
$100k-200k 208 $32,150,000 $154,567 $6,776 3.27%
$400k-600k 176 $81,340,000 $462,159 $11,726 3.27%
$100,000 or less 26 $2,210,000 $85,000 $4,815 3.13%
$600k-1MM 11 $7,855,000 $714,091 $20,825 3.25%
$1MM+ 1 $1,295,000 $1,295,000 $21,218 3.38%

2021 saw Columbus Capital Lending place emphasis on $200k-400k loans with 731 originations, totaling $220,495,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 375 $98,005,000 $261,347 $10,072 3.18%
$75k-100k 280 $92,310,000 $329,679 $10,411 3.22%
$100k-150k 199 $69,045,000 $346,960 $9,983 3.31%
$50k or less 149 $27,005,000 $181,242 $7,990 3.18%
$150k-250k 107 $39,225,000 $366,589 $9,765 3.38%
$250k+ 43 $19,755,000 $459,419 $11,033 3.34%

Columbus Capital Lending lent most frequently to those with incomes in the $50k-75k range, with 375 originations. The second most popular income band? $75k-100k, with 280 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
50-60% 179 $56,395,000 $315,056 $13,613 3.13%
30-36% 136 $41,210,000 $303,015 $8,650 3.28%
20-30% 104 $30,290,000 $291,250 $8,374 3.27%
44% 83 $24,695,000 $297,530 $9,384 3.27%
49% 72 $21,240,000 $295,000 $10,112 3.19%
46% 61 $18,565,000 $304,344 $9,428 3.23%
42% 61 $18,995,000 $311,393 $8,682 3.32%
47% 57 $16,585,000 $290,965 $9,803 3.27%
48% 55 $16,445,000 $299,000 $10,320 3.13%
43% 54 $16,680,000 $308,889 $9,864 3.25%
41% 54 $16,550,000 $306,481 $9,363 3.34%
45% 44 $13,450,000 $305,682 $11,002 3.18%
39% 42 $11,960,000 $284,762 $8,587 3.30%
40% 37 $10,225,000 $276,351 $9,204 3.29%
38% 34 $9,990,000 $293,824 $8,363 3.32%
37% 34 $9,840,000 $289,412 $8,759 3.22%
36% 22 $5,600,000 $254,545 $7,904 3.28%
<20% 21 $5,555,000 $264,524 $7,293 3.18%
>60% 3 $1,075,000 $358,333 $11,916 3.75%

Columbus Capital Lending lent most frequently to those with DTI ratios of 50-60%, with 179 originations. The next most common DTI ratio? 30-36%, with 136 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,055 $318,695,000 $302,081 $9,958 3.23%
Black 70 $18,120,000 $258,857 $9,096 3.31%
Asian 11 $3,815,000 $346,818 $9,139 3.11%
Not provided 13 $3,505,000 $269,615 $7,569 3.49%
American Indian 3 $925,000 $308,333 $11,612 3.33%
Asian Indian 1 $285,000 $285,000 $11,426 3.50%

Approval Rates

Total approvals of all applications
94.56%

Columbus Capital Lending has an average approval rate.

Pick Rate

Approvals leading to origination
79.20%

Columbus Capital Lending has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,153 $345,345,000 $299,519

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,153 $345,345,000 $299,519

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 32 $5,470,000 $170,938 $6,580 3.02%
40-60% 91 $24,435,000 $268,516 $8,286 3.14%
60-80% 352 $99,500,000 $282,670 $8,584 3.32%
80-100% 668 $212,040,000 $317,425 $10,846 3.22%
Over 100% 9 $3,645,000 $405,000 $16,576 2.88%
Under 20% 1 $255,000 $255,000 $6,812 3.13%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COLUMBIA BANKING SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 50.0%
COLUMBIA BANKING SYSTEM, INC. Other type of mortgage Trouble during payment process 1 50.0%