Capital Plus Financial Mortgage Rates, Fees & Info
BEDFORD, TXLEI: 549300ZY6PRWY54O6995
Tax ID: 47-1997371
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Mortgage Data
Review & Overview
Capital Plus Financial is a smaller mortgage company specializing in Home Purchase loans. Capital Plus Financial has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, and San Antonio among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Capital Plus Financial 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. Capital Plus Financial is typically a low 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 |
|---|---|---|
| 30 Year Conventional Purchase | 11.94% | 5/4/24 |
| 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. | ||
Capital Plus Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
169Origination Dollar Volume (All Markets)
$21,135,000Awards
CAPITAL PLUS FINANCIAL - 2019
CAPITAL PLUS FINANCIAL is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 87 | $10,835,000 | $124,540 | $107 | 10.29% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 52 | $6,700,000 | $128,846 | $114 | 10.29% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 30 | $3,600,000 | $120,000 | $254 | 10.10% |
Similar Lenders
We use machine learning to identify the top lenders compared against CAPITAL PLUS FINANCIAL 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 | 169 | $21,135,000 | $125,059 | $135 | 10.26% |
For 2019, Capital Plus Financial's most frequently originated type of loan was Conventional, with 169 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 168 | $21,020,000 | $125,119 | $111 | 10.26% |
| Refi | 1 | $115,000 | $115,000 | $4,235 | 9.84% |
For 2019, Capital Plus Financial's most frequently cited loan purpose was Home Purchase, with 168 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 169 | $21,135,000 | $125,059 | $135 | 10.26% |
For 2019, Capital Plus Financial's most frequently cited loan duration was 30 Year, with 169 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 164 | $20,560,000 | $125,366 |
| $2k-3k | 5 | $575,000 | $115,000 |
Capital Plus Financial's average total fees were $135, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 164 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 169 | $21,135,000 | $125,059 |
During 2019, Capital Plus Financial's average interest rate for loans was 10.26%, while their most frequently originated rate bucket for loans was Over 8%, with 169 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 164 | $20,670,000 | $126,037 | $132 | 10.26% |
| $100,000 or less | 5 | $465,000 | $93,000 | $236 | 10.07% |
2019 saw Capital Plus Financial place emphasis on $100k-200k loans with 164 originations, totaling $20,670,000 in origination value.
Applicant Income
Capital Plus Financial lent most frequently to those with incomes in the $50k-75k range, with 69 originations. The second most popular income band? $50k or less, with 36 originations.
Applicant Debt to Income Ratio
Capital Plus Financial lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 36 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 167 | $20,855,000 | $124,880 | $136 | 10.26% |
| American Indian | 2 | $280,000 | $140,000 | $105 | 10.30% |
Approval Rates
Total approvals of all applications95.52%
Capital Plus Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.39%
Capital Plus Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 169 | $21,135,000 | $125,059 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 169 | $21,135,000 | $125,059 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 7 | $765,000 | $109,286 | $698 | 10.25% |
| 80-100% | 162 | $20,370,000 | $125,741 | $111 | 10.26% |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Trouble during payment process | 1 | 3.8% |
| CAPITAL ONE FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 7.7% |
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.8% |
| CAPITAL ONE FINANCIAL CORPORATION | Other type of mortgage | Struggling to pay mortgage | 1 | 3.8% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 7.7% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Closing on a mortgage | 3 | 11.5% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 3.8% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 3 | 11.5% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 10 | 38.5% |
| CAPITAL ONE FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 7.7% |