Columbus Capital Lending Mortgage Rates, Fees & Info
MIAMI, FLLEI: 549300U2SQMRT681J356
Tax ID: 46-1342618
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Mortgage Data
Review & 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 by origination volume include: Miami, Orlando, Key West, Cape Coral, and Lakeland among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Columbus Capital Lending 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. Columbus Capital Lending is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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 | 7.09% | 4/18/24 |
| 30 Year Conventional Refi | 6.59% | 4/18/24 |
| 30 Year Cash-out Refi | 7.22% | 4/18/24 |
| 30 Year FHA Purchase | 7.59% | 4/18/24 |
| 30 Year FHA Refi | 7.58% | 4/18/24 |
| 30 Year VA Purchase | 6.45% | 4/18/24 |
| 15 Year Conventional Purchase | 6.60% | 4/18/24 |
| 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. | ||
Columbus Capital Lending Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,153Origination Dollar Volume (All Markets)
$345,345,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Similar Lenders
We use machine learning to identify the top lenders compared against COLUMBUS CAPITAL LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2021, Columbus Capital Lending's most frequently originated type of loan was Conventional, with 779 originations. Their 2nd most popular type was FHA, with 353 originations.
Loan Reason
For 2021, Columbus Capital Lending's most frequently cited loan purpose was Home Purchase, with 795 originations. The 2nd most popular reason was Refi, with 224 originations.
Loan Duration/Length
For 2021, Columbus Capital Lending's most frequently cited loan duration was 30 Year, with 1,113 originations. The 2nd most popular length was 15 Year, with 24 originations.
Origination Fees/Closing Costs
Columbus Capital Lending's average total fees were $9,998, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 732 originations.
Loan Sizing
2021 saw Columbus Capital Lending place emphasis on $200k-400k loans with 731 originations, totaling $220,495,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.55%
Columbus Capital Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.92%
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 |
LTV Distribution
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% |