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 Refi and Home Purchase loans. Bridgelock Capital has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) 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% | 4/18/24 |
| 30 Year Conventional Purchase | 6.88% | 4/18/24 |
| 30 Year Conventional Refi | 6.63% | 4/18/24 |
| 30 Year FHA Purchase | 7.16% | 4/18/24 |
| 30 Year FHA Refi | 8.33% | 4/18/24 |
| 30 Year VA Purchase | 6.19% | 4/18/24 |
| 15 Year Conventional Purchase | 5.95% | 4/18/24 |
| 15 Year Conventional Refi | 5.83% | 4/18/24 |
| 15 Year Cash-out Refi | 5.83% | 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. | ||
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
490Origination Dollar Volume (All Markets)
$182,280,000Top 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) | 196 | $88,480,000 | $451,429 | $6,715 | 3.32% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 131 | $37,335,000 | $285,000 | $5,138 | 3.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 57 | $19,555,000 | $343,070 | $6,829 | 3.18% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 26 | $11,640,000 | $447,692 | $4,706 | 3.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 42 | $8,630,000 | $205,476 | $4,388 | 3.69% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 12 | $7,420,000 | $618,333 | $11,146 | 3.19% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $3,385,000 | $483,571 | $7,309 | 2.87% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,795,000 | $598,333 | $11,793 | 3.04% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $7,238 | 2.87% |
| Pahrump, NV (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $4,574 | 4.04% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,769 | 2.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,191 | 3.99% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,457 | 3.13% |
| Outside of Metro Areas | 1 | $245,000 | $245,000 | $4,967 | 3.13% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,193 | 4.25% |
| MADERA, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,280 | 3.63% |
| MERCED, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,061 | 4.75% |
| RENO, NV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,311 | 3.75% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,687 | 4.88% |
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 | 444 | $163,020,000 | $367,162 | $5,531 | 3.40% |
| VA | 26 | $11,560,000 | $444,615 | $11,495 | 3.03% |
| FHA | 20 | $7,700,000 | $385,000 | $11,880 | 3.41% |
For 2020, Bridgelock Capital's most frequently originated type of loan was Conventional, with 444 originations. Their 2nd most popular type was VA, with 26 originations.
Loan Reason
For 2020, Bridgelock Capital's most frequently cited loan purpose was Refi, with 271 originations. The 2nd most popular reason was Home Purchase, with 213 originations.
Loan Duration/Length
For 2020, Bridgelock Capital's most frequently cited loan duration was 30 Year, with 455 originations. The 2nd most popular length was 15 Year, with 27 originations.
Origination Fees/Closing Costs
Bridgelock Capital's average total fees were $6,258, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 267 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 233 | $89,265,000 | $383,112 |
| 2.5-3% | 179 | $68,365,000 | $381,927 |
| 4-5% | 43 | $11,495,000 | $267,326 |
| <2.5% | 23 | $9,855,000 | $428,478 |
| 5-6% | 12 | $3,300,000 | $275,000 |
During 2020, Bridgelock Capital's average interest rate for loans was 3.41%, while their most frequently originated rate bucket for loans was 3-4%, with 233 originations.
Loan Sizing
2020 saw Bridgelock Capital place emphasis on $200k-400k loans with 205 originations, totaling $61,965,000 in origination value.
Applicant Income
Bridgelock Capital lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $150k-250k, with 109 originations.
Applicant Debt to Income Ratio
Bridgelock Capital lent most frequently to those with DTI ratios of <20%, with 187 originations. The next most common DTI ratio? 20-30%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.76%
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 origination61.02%
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 | 490 | $182,280,000 | $372,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $265,000 | $265,000 |
| Single Family (1-4 Units):Site-Built | 489 | $182,015,000 | $372,219 |