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California Capital Mortgage Company

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LAST UPDATED: June 8th, 2022

California Capital Mortgage Company provides financial mortgage service for both home buyers as well as new home builders. The company was founded in 2008 and is family owned and operated. All mortgage processing and funding is done in house so closings are efficient and on schedule over 98 percent of the time. 

There are many mortgage lenders to choose from, but California Capital Mortgage company believes in having direct communication with clients. A representative is available to clients even “after hours” over the phone or through email. 

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The Good

  • Up-front Online Loan Approval
  • Government-Insured Loans Available
  • Broad Service Area

Up-front Online Approval

The approval process can be daunting and drawn out depending on what mortgage lender a potential home buyer decides to go with. One of the most beneficial services California Capital Mortgage Company offers is its up-front and online approval system. All from a computer, potential clients can input required information to determine what they qualify for. They can also access these results and start receiving help through California Capital Mortgage Company immediately. Not all lenders make the approval process this simple and straight forward. 

Government-Insured Loans Available

Many prospective home buyers are interested in utilizing government-backed or -insured mortgage loans. The requirements for these types of loans vary depending on the loan type and several personal financial circumstances. To accommodate more home buyers, California Capital Mortgage Company is trained to handle the following government-insured loans:

  • FHA
  • USDA
  • VA

While California Capital Mortgage Company also provides the conventional loan, having these government-insured loans expands the company’s reach and allows it to service more people interested in purchasing a home. 

Broad Service Area

Typically, small mortgage lending operations offer very local or state specific services. It is rare for a mortgage lender the size of California Capital Mortgage Company to service more than one state. However, California Capital Mortgage Company has found ways to expand and currently is licensed to service the following states:

  • California
  • North Dakota
  • Colorado
  • Washington
  • Texas
  • Montana
  • Utah
  • Idaho
  • Oregon
  • Wyoming

In comparison to other lenders of the same size, California Capital Mortgage Company has a larger service area and can help more home buyers and new home builders than other competitors can. 

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The Bad

  • Closing Time Varies
  • Credit Score Information
  • Generic Loan Information

Closing Time Varies

Some mortgage lenders provide clients with estimated or average closing times to help them know what to expect in terms of timelines for a purchase to become official. Despite boasting of closing “on time” in 98 percent of instances, California Capital Mortgage Company provides no specifics on what on time means or how fast the company’s process is. It could be that the company takes a great deal of time to close which is why they meet 98 percent of scheduled closings. This information is not public, so there is no way to know what an average closing time is when doing business with California Capital Mortgage Company. 

Credit Score Information

Many lenders require a minimum credit score to begin the mortgage process. This is a helpful baseline for potential home buyers as they can gauge what they qualify for. California Capital Mortgage Company provides a lot of information on how to improve credit scores, but do not offer minimum credit score requirements. 

Generic Loan Information

Most mortgage lending companies provide specifics regarding what their operation offers to those in need of lending. That is not the strategy that California Capital Mortgage Company has taken. Instead, the company’s website is full of mortgage educational resources. This is beneficial for a first-time buyer looking to brush up on their knowledge of the process, but it does not tell potential clients specifically what California Capital Mortgage Company has to offer and what makes them different. 

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The Bottom Line

California Capital Mortgage Company provides mortgage lending and funding solutions to clients across the United States. All prospective home buyers and builders can receive up-front approval and through the online portal California Capital Mortgage Company offers. Those interested in government-insured loans can access USDA, FHA, and VA loans through the company. The service area is one of the more impressive offerings of California Capital Mortgage Company because it is a relatively small operation that spans 10 states.

While there are a number of reasons home buyers would consider California Capital Mortgage Company for lending help, consumers may want to consider the drawbacks. While California Capital Mortgage Company claims to close on time 98 percent of the time, the company does not provide specifics on what “on time” actually means. There is no way to determine how fast the company works to close either.

Additionally, California Capital Mortgage Company does not provide credit score recommendations or minimal requirements making it difficult for clients to know whether or not they qualify for the company’s services. Lastly, California Capital Mortgage Company only makes generic loan information public and does not get into the specifics of what its service actually brings to the table. 

Considering all contributing factors, California Capital Mortgage Company could work well for new home builders, but traditional home buyers may want to look at other lending companies prior to making a decision. 

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