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, San Antonio, and Mcallen among others. We have data for 4 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% | 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. | ||
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
144Origination Dollar Volume (All Markets)
$19,420,000Awards
CAPITAL PLUS FINANCIAL - 2020
CAPITAL PLUS FINANCIAL is a 2020 , due to their low .
For 2020, 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) | 79 | $10,595,000 | $134,114 | $157 | 9.46% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 40 | $5,380,000 | $134,500 | $306 | 9.47% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 23 | $3,075,000 | $133,696 | $212 | 9.45% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $118 | 9.45% |
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 | 144 | $19,420,000 | $134,861 | $206 | 9.46% |
For 2020, Capital Plus Financial's most frequently originated type of loan was Conventional, with 144 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 143 | $19,335,000 | $135,210 | $182 | 9.46% |
| Refi | 1 | $85,000 | $85,000 | $3,750 | 9.34% |
For 2020, Capital Plus Financial's most frequently cited loan purpose was Home Purchase, with 143 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 | 144 | $19,420,000 | $134,861 | $206 | 9.46% |
For 2020, Capital Plus Financial's most frequently cited loan duration was 30 Year, with 144 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 140 | $18,960,000 | $135,429 |
| $2k-3k | 3 | $375,000 | $125,000 |
| $1k-2k | 1 | $85,000 | $85,000 |
Capital Plus Financial's average total fees were $206, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 140 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 144 | $19,420,000 | $134,861 |
During 2020, Capital Plus Financial's average interest rate for loans was 9.46%, while their most frequently originated rate bucket for loans was Over 8%, with 144 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 141 | $19,185,000 | $136,064 | $183 | 9.46% |
| $100,000 or less | 3 | $235,000 | $78,333 | $1,321 | 9.50% |
2020 saw Capital Plus Financial place emphasis on $100k-200k loans with 141 originations, totaling $19,185,000 in origination value.
Applicant Income
Capital Plus Financial lent most frequently to those with incomes in the $50k-75k range, with 72 originations. The second most popular income band? $75k-100k, with 24 originations.
Applicant Debt to Income Ratio
Capital Plus Financial lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 33 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 142 | $19,170,000 | $135,000 | $208 | 9.46% |
| American Indian | 2 | $250,000 | $125,000 | $118 | 9.70% |
Approval Rates
Total approvals of all applications90.45%
Capital Plus Financial has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
Capital Plus Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 144 | $19,420,000 | $134,861 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 144 | $19,420,000 | $134,861 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 20.0% |
| CAPITAL ONE FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 40.0% |
| CAPITAL ONE FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 2 | 40.0% |