Bridgelock Capital Mortgage Rates, Fees & Info

WOODLAND HILLS, CA

LEI: 549300YIOSILVWW8FH16

Tax ID: 20-5041532

1 stars - Updated: 5/26/24 - out of 5 stars, based on 11 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.76% 5/26/24
30 Year Conventional Purchase 6.88% 5/26/24
30 Year Conventional Refi 6.63% 5/26/24
30 Year FHA Purchase 7.16% 5/26/24
30 Year FHA Refi 8.33% 5/26/24
30 Year VA Purchase 6.19% 5/26/24
15 Year Conventional Purchase 5.95% 5/26/24
15 Year Conventional Refi 5.83% 5/26/24
15 Year Cash-out Refi 5.83% 5/26/24
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

122

Origination Dollar Volume (All Markets)

$65,610,000

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

Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • 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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    VENTURA COUNTY
    Similarity Rank: 96
    LBS FINANCIAL
    Similarity Rank: 258
    CLARK COUNTY CREDIT UNION
    Similarity Rank: 330
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477
    Provident Credit Union
    Similarity Rank: 540

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 118 $64,690,000 $548,220 $12,532 7.14%
    15 Year 3 $705,000 $235,000 $9,125 6.91%
    10 Year 1 $215,000 $215,000 $10,090 7.25%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 74 $43,790,000 $591,757
    $1k-2k 33 $16,185,000 $490,455
    $2k-3k 5 $1,145,000 $229,000
    $3k-4k 5 $2,295,000 $459,000
    $4k-5k 5 $2,195,000 $439,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 45 $22,195,000 $493,222 $11,202 7.20%
    $200k-400k 33 $10,215,000 $309,545 $9,573 6.99%
    $600k-1MM 29 $21,115,000 $728,103 $16,214 7.18%
    $1MM+ 9 $11,175,000 $1,241,667 $21,063 7.26%
    $100k-200k 6 $910,000 $151,667 $6,084 7.02%

    2023 saw Bridgelock Capital place emphasis on $400k-600k loans with 45 originations, totaling $22,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $16,340,000 $430,000 $11,642 7.06%
    $150k-250k 35 $20,465,000 $584,714 $11,698 7.19%
    $250k+ 26 $21,560,000 $829,231 $17,202 7.36%
    $75k-100k 15 $5,155,000 $343,667 $10,351 6.87%
    $50k-75k 5 $1,385,000 $277,000 $6,880 6.65%
    $50k or less 3 $705,000 $235,000 $9,185 7.70%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 27 $15,695,000 $581,296 $10,302 7.19%
    30-36% 25 $14,995,000 $599,800 $13,828 7.16%
    <20% 18 $7,800,000 $433,333 $13,680 7.34%
    39% 7 $3,545,000 $506,429 $9,830 7.20%
    42% 6 $3,470,000 $578,333 $14,974 6.65%
    38% 6 $2,700,000 $450,000 $13,104 6.56%
    43% 6 $3,950,000 $658,333 $20,092 7.08%
    47% 5 $2,735,000 $547,000 $8,653 6.55%
    37% 4 $2,210,000 $552,500 $15,332 7.12%
    45% 4 $2,640,000 $660,000 $12,055 7.40%
    40% 4 $2,010,000 $502,500 $9,195 7.56%
    44% 3 $1,275,000 $425,000 $12,590 6.83%
    50-60% 2 $590,000 $295,000 $6,070 7.31%
    46% 1 $355,000 $355,000 $10,307 7.63%
    48% 1 $325,000 $325,000 $8,746 7.25%
    36% 1 $335,000 $335,000 $11,464 7.13%
    41% 1 $475,000 $475,000 $7,417 7.13%
    49% 1 $505,000 $505,000 $10,933 7.99%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 101 $55,425,000 $548,762 $12,536 7.17%
    Asian 12 $5,810,000 $484,167 $10,822 6.76%
    Not provided 5 $3,125,000 $625,000 $16,707 7.27%
    Black 4 $1,250,000 $312,500 $9,203 7.16%

    Approval Rates

    Total approvals of all applications
    95.19%

    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 origination
    54.92%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    122 $65,610,000 $537,787

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $2,770,000 $346,250 $9,433 7.34%
    40-60% 13 $4,905,000 $377,308 $9,374 6.70%
    60-80% 40 $25,810,000 $645,250 $14,105 7.23%
    80-100% 59 $31,605,000 $535,678 $12,521 7.15%
    Over 100% 1 $415,000 $415,000 $12,337 6.99%
    Under 20% 1 $105,000 $105,000 $3,723 6.38%