Bridgelock Capital Mortgage Rates, Fees & Info

WOODLAND HILLS, CA

LEI: 549300YIOSILVWW8FH16

Tax ID: 20-5041532

3.7 stars - out of 5 stars, based on 21 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bridgelock Capital is a smaller mortgage company specializing in Refi and Home Purchase loans. Bridgelock Capital has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Los Angeles, Las Vegas, Riverside, Atlanta, and Oxnard among others. Bridgelock Capital 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. Bridgelock Capital is typically an average fee lendor.


Originations

427

Origination Dollar Volume (All Markets)

$164,595,000

Relative Rate

Bridgelock Capital's average 30 year fixed rate mortgage of loans were 3.21%.

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

This yields a difference of 0.06%.

Relative Fees

Bridgelock Capital's average total fees for a 30 year fixed rate mortgage are $5,842.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 134 $69,090,000 $515,597 $6,978 3.11%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 175 $52,675,000 $301,000 $4,612 3.26%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 64 $22,720,000 $355,000 $5,611 2.96%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 28 $6,560,000 $234,286 $4,716 3.20%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 10 $5,230,000 $523,000 $6,232 2.80%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $3,015,000 $1,005,000 $12,577 2.96%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $1,180,000 $590,000 $4,641 2.38%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,150,000 $575,000 $4,929 2.75%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,110,000 $555,000 $10,914 2.94%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $750,000 $375,000 $7,000 3.19%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $4,301 3.25%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $255,000 $255,000 $9,028 3.99%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $215,000 $215,000 $3,127 2.25%
VISALIA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $7,254 4.13%
Pahrump, NV (FHA|USDA|VA) 1 $165,000 $165,000 $0 2.99%

Bridgelock Capital's top markets include Los Angeles, Las Vegas, Riverside, Atlanta, and Oxnard among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 390 $148,420,000 $380,564 $5,248 3.18%
FHA 22 $9,260,000 $420,909 $12,750 2.83%
VA 15 $6,915,000 $461,000 $5,539 2.57%

For the 2021 period, Bridgelock Capital's most frequently originated loan type of loans were Conventional, with 390 originations. Their 2nd most popular type is FHA, with 22 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 240 $86,070,000 $358,625 $5,030 3.05%
Home Purchase 185 $77,765,000 $420,351 $6,426 3.26%
Cash Out Refi 2 $760,000 $380,000 $7,757 3.81%

For the 2021, Bridgelock Capital's most frequently cited loan purpose of loans were Refi, with 240 originations. The 2nd most popular reason of loans were Home Purchase, with 185 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 388 $153,010,000 $394,356 $5,842 3.21%
15 Year 26 $8,120,000 $312,308 $3,776 2.39%
20 Year 8 $2,160,000 $270,000 $3,718 3.05%
10 Year 3 $395,000 $131,667 $2,977 2.21%
Other 2 $910,000 $455,000 $3,706 2.81%

For the 2021, Bridgelock Capital's most frequently cited loan length of loans were 30 Year, with 388 originations. The 2nd most popular length of loans were 15 Year, with 26 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 300 $113,120,000 $377,067
$5k+ 55 $31,655,000 $575,545
$3k-4k 37 $11,615,000 $313,919
$2k-3k 33 $7,855,000 $238,030
$<1k 2 $350,000 $175,000

$5,842 of loans were Bridgelock Capital's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 300 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 200 $70,840,000 $354,200
2.5-3% 174 $71,670,000 $411,897
<2.5% 36 $13,230,000 $367,500
4-5% 17 $8,855,000 $520,882

During 2021, Bridgelock Capital's average interest rate of loans were 3.21%, while their most frequently originated rate bucket of loans were 3-4%, with 200 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 167 $49,705,000 $297,635 $4,919 3.13%
$400k-600k 127 $61,535,000 $484,528 $5,938 3.08%
$100k-200k 75 $11,425,000 $152,333 $3,767 3.22%
$600k-1MM 47 $34,705,000 $738,404 $9,411 3.21%
$100,000 or less 6 $450,000 $75,000 $3,493 3.08%
$1MM+ 5 $6,775,000 $1,355,000 $18,593 3.75%

2021 saw Bridgelock Capital place emphasis on $200k-400k loans with 167 originations, totaling $49,705,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 103 $42,835,000 $415,874 $5,888 3.16%
$150k-250k 84 $38,120,000 $453,810 $6,618 3.24%
$50k-75k 80 $22,660,000 $283,250 $4,800 3.10%
$75k-100k 73 $26,375,000 $361,301 $4,884 3.06%
$250k+ 45 $23,245,000 $516,556 $6,961 3.21%
$50k or less 41 $10,905,000 $265,976 $4,678 3.07%

Bridgelock Capital lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $150k-250k, with 84 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
<20% 141 $42,575,000 $301,950 $5,210 3.32%
20-30% 130 $54,010,000 $415,462 $5,962 3.06%
30-36% 76 $35,950,000 $473,026 $5,879 3.12%
36% 11 $3,945,000 $358,636 $6,879 3.11%
37% 10 $4,490,000 $449,000 $4,272 3.13%
38% 9 $2,795,000 $310,556 $4,523 2.92%
39% 8 $3,770,000 $471,250 $9,632 3.17%
42% 7 $2,985,000 $426,429 $4,241 3.03%
41% 6 $1,800,000 $300,000 $4,605 3.00%
49% 5 $1,715,000 $343,000 $4,440 2.78%
43% 5 $2,115,000 $423,000 $8,534 2.78%
40% 4 $2,400,000 $600,000 $5,569 3.03%
45% 4 $1,740,000 $435,000 $6,190 2.94%
46% 3 $1,105,000 $368,333 $6,717 2.79%
44% 3 $1,255,000 $418,333 $4,823 3.25%
48% 2 $600,000 $300,000 $2,337 2.37%
47% 1 $285,000 $285,000 $3,381 3.25%

Bridgelock Capital lent most frequently to those with DTI ratios of <20%, with 141 originations. The next most common DTI ratio? 20-30%, with 130 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 369 $142,935,000 $387,358 $5,570 3.16%
Black 24 $9,790,000 $407,917 $6,077 3.00%
Asian 22 $7,570,000 $344,091 $6,332 3.08%
Not provided 9 $2,915,000 $323,889 $4,303 3.07%
Native Hawaiian 2 $1,000,000 $500,000 $10,683 2.88%
Not applicable 1 $385,000 $385,000 $10,033 2.88%

Approval Rates

Total approvals of all applications
97.51%

Bridgelock 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 origination
65.51%

Bridgelock 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 427 $164,595,000 $385,468

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
427 $164,595,000 $385,468

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 24 $9,290,000 $387,083 $4,766 2.80%
40-60% 85 $29,785,000 $350,412 $4,827 3.01%
60-80% 191 $70,885,000 $371,126 $5,660 3.27%
80-100% 120 $52,910,000 $440,917 $6,335 3.14%
Over 100% 2 $790,000 $395,000 $13,561 2.75%
Under 20% 5 $935,000 $187,000 $3,658 2.45%