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 and Cash Out Refi 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 19 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 an average 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.76% | 4/22/24 |
| 30 Year Conventional Purchase | 6.88% | 4/22/24 |
| 30 Year Conventional Refi | 6.63% | 4/22/24 |
| 30 Year FHA Purchase | 7.16% | 4/22/24 |
| 30 Year FHA Refi | 8.33% | 4/22/24 |
| 30 Year VA Purchase | 6.19% | 4/22/24 |
| 15 Year Conventional Purchase | 5.95% | 4/22/24 |
| 15 Year Conventional Refi | 5.83% | 4/22/24 |
| 15 Year Cash-out Refi | 5.83% | 4/22/24 |
| 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
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This is not an official calculator from Bridgelock Capital. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
423Origination Dollar Volume (All Markets)
$148,755,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 185 | $78,645,000 | $425,108 | $7,529 | 4.82% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 118 | $30,260,000 | $256,441 | $4,214 | 5.19% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 43 | $13,995,000 | $325,465 | $6,470 | 4.70% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 14 | $7,480,000 | $534,286 | $7,894 | 4.94% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 34 | $6,490,000 | $190,882 | $3,953 | 5.21% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $3,775,000 | $539,286 | $7,297 | 4.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $2,095,000 | $419,000 | $4,200 | 4.45% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $8,108 | 3.96% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $21,070 | 4.75% |
| NAPA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $11,821 | 4.75% |
| Outside of Metro Areas | 1 | $455,000 | $455,000 | $20,155 | 3.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,624 | 5.33% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,818 | 4.75% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,749 | 4.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,352 | 4.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,941 | 4.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,764 | 4.63% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,739 | 4.75% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,102 | 4.63% |
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 | 359 | $122,385,000 | $340,905 | $5,205 | 5.01% |
| FHA | 43 | $17,795,000 | $413,837 | $11,834 | 4.56% |
| VA | 21 | $8,575,000 | $408,333 | $12,078 | 4.36% |
For 2018, Bridgelock Capital's most frequently originated type of loan was Conventional, with 359 originations. Their 2nd most popular type was FHA, with 43 originations.
Loan Reason
For 2018, Bridgelock Capital's most frequently cited loan purpose was Home Purchase, with 267 originations. The 2nd most popular reason was Cash Out Refi, with 112 originations.
Loan Duration/Length
For 2018, Bridgelock Capital's most frequently cited loan duration was 30 Year, with 402 originations. The 2nd most popular length was 15 Year, with 15 originations.
Origination Fees/Closing Costs
Bridgelock Capital's average total fees were $6,213, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 290 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 223 | $84,645,000 | $379,574 |
| 5-6% | 165 | $50,685,000 | $307,182 |
| 3-4% | 29 | $11,285,000 | $389,138 |
| 6-7% | 5 | $1,715,000 | $343,000 |
| 7-8% | 1 | $425,000 | $425,000 |
During 2018, Bridgelock Capital's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 4-5%, with 223 originations.
Loan Sizing
2018 saw Bridgelock Capital place emphasis on $200k-400k loans with 187 originations, totaling $55,095,000 in origination value.
Applicant Income
Bridgelock Capital lent most frequently to those with incomes in the $100k-150k range, with 109 originations. The second most popular income band? $50k-75k, with 91 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 1 | $315,000 | $315,000 | $11,141 | 3.38% |
Bridgelock Capital lent most frequently to those with DTI ratios of 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.14%
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 origination65.01%
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 | 423 | $148,755,000 | $351,667 |