Bridgelock Capital Mortgage Rates, Fees & Info
WOODLAND HILLS, CALEI: 549300YIOSILVWW8FH16
Tax ID: 20-5041532
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Mortgage Data
Review & Overview
Bridgelock Capital is a smaller mortgage company specializing in Home Purchase loans. Bridgelock Capital has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Las Vegas, Riverside, Oxnard, and Atlanta among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Bridgelock 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. Bridgelock Capital 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.76% | 11/17/24 |
| 30 Year Conventional Purchase | 6.88% | 11/17/24 |
| 30 Year Conventional Refi | 6.63% | 11/17/24 |
| 30 Year FHA Purchase | 7.16% | 11/17/24 |
| 30 Year FHA Refi | 8.33% | 11/17/24 |
| 30 Year VA Purchase | 6.19% | 11/17/24 |
| 15 Year Conventional Purchase | 5.95% | 11/17/24 |
| 15 Year Conventional Refi | 5.83% | 11/17/24 |
| 15 Year Cash-out Refi | 5.83% | 11/17/24 |
| 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. | ||
Bridgelock Capital Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Bridgelock 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
122Origination Dollar Volume (All Markets)
$65,610,000Relative Rate
Bridgelock Capital's average 30 year fixed mortgage rate was
7.14%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.66%.
Relative Fees (Closing Costs)
Bridgelock Capital's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,532.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 35 | $22,825,000 | $652,143 | $14,090 | 6.91% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 35 | $15,805,000 | $451,571 | $9,909 | 7.32% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 15 | $5,715,000 | $381,000 | $12,032 | 7.23% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 10 | $5,710,000 | $571,000 | $12,129 | 6.92% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $2,745,000 | $549,000 | $12,321 | 6.72% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $2,345,000 | $781,667 | $18,101 | 7.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $2,245,000 | $748,333 | $20,971 | 6.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,410,000 | $705,000 | $16,154 | 7.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $13,209 | 6.94% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $20,936 | 8.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $17,804 | 8.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,645 | 7.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $13,097 | 7.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $11,697 | 7.49% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,579 | 7.99% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $15,448 | 6.25% |
| NAPA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,692 | 7.13% |
| MERCED, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,982 | 6.99% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,889 | 6.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,447 | 7.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against BRIDGELOCK CAPITAL 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $57,295,000 | $545,667 | $11,817 | 7.21% |
| FHA | 14 | $7,020,000 | $501,429 | $17,643 | 6.69% |
| VA | 3 | $1,295,000 | $431,667 | $9,512 | 6.83% |
For 2023, Bridgelock Capital's most frequently originated type of loan was Conventional, with 105 originations. Their 2nd most popular type was FHA, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 110 | $62,110,000 | $564,636 | $12,903 | 7.10% |
| Refi | 12 | $3,500,000 | $291,667 | $8,081 | 7.44% |
For 2023, Bridgelock Capital's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
For 2023, Bridgelock Capital's most frequently cited loan duration was 30 Year, with 118 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
Bridgelock Capital's average total fees were $12,532, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 74 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 52 | $25,980,000 | $499,615 |
| 6-7% | 48 | $25,900,000 | $539,583 |
| 5-6% | 12 | $6,620,000 | $551,667 |
| Over 8% | 10 | $7,110,000 | $711,000 |
During 2023, Bridgelock Capital's average interest rate for loans was 7.14%, while their most frequently originated rate bucket for loans was 7-8%, with 52 originations.
Loan Sizing
2023 saw Bridgelock Capital place emphasis on $400k-600k loans with 45 originations, totaling $22,195,000 in origination value.
Applicant Income
Bridgelock Capital lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $150k-250k, with 35 originations.
Applicant Debt to Income Ratio
Bridgelock Capital lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? 30-36%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.19%
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 origination54.92%
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 | 122 | $65,610,000 | $537,787 |