Seckel Capital Mortgage Review – Wholesale Rates and Speedy Closing

June 3, 2013 No Comments »
Seckel Capital Mortgage Review – Wholesale Rates and Speedy Closing

If you’re like us you have probably only recently heard of the wholesale mortgage company Seckel Capital. They just popped up on our radar this week due to the fact their 30 year mortgage rates were momentarily offering APRs significantly under the national average.

As of today, however, Seckel Capital’s 30 year fixed rate mortgage sits at a respectable 4.091% for those with decent credit scores. Other aspects of Seckel Capital’s organization caught our eye as well – most notably how quick the organization is growing and the guarantees they make to prospective borrowers.

Below is a complete review of this organization. If you have experience in the loan process with them either a refinance or new home purchase, please share in the comment section!


Brief History of Seckel Capital

They were founded by John M. Seckel is 2008 in Newton, Pennsylvania but today have offices in both Pennsylvania and Texas. Despite a track record of just 6 years (2008-2013) their founder John M. Seckel has been in the business for almost 16 years.

Seckel Capital is a relatively new wholesale mortgage lending firm whose been growing quite quickly over the last few years thanks to a revived housing market and a promise to close loans quickly and with honorable rates.

From 2009 to 2010 (Seckel Capital’s 2nd and 3rd year in business) they grew nearly 350% while the housing market in general was beginning to get it’s footing again in many markets throughout the country.


Wholesale Mortgage Rates from Seckel Capital

Wholesale mortgage rate options continue to remain popular especially with a rising interest rate landscape that we are beginning to see. And the popularity of these products are what propelled Seckel Capital’s success over the last few years. The biggest advantage these products have over retail rates are the zero closing costs imposed. Lending firms such as Seckel Capital can make up for this lost revenue in sheer volume of loans.

Below are Seckel Capital’s wholesale mortgage rates and APRs. These rates are accurate as of June 3, 2013. Visit for updated rates and APRs.

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Seckel Capital’s Competitive Advantage

If you’re in the market for a home loan or are looking to refinance the mortgage you have, then you may be interested in the key points separating Seckel Capital from other lenders. Below are the 3 key aspects we’ve found to be Seckel Capital’s advantages. Again, if you have experience with them and can disprove any of these, please share in the comment section below.

1. Close loans between 15 and 25 days. Anyone who has ever gone through the process of purchasing a new home can attest to how stressful closing dates can be when trying to obtain a loan. Loan officers that move quickly and who are highly responsive are tough to find and Seckel Capital’s closing period of between 15 and 25 days is quite impressive.

2. A promise to close your purchase on-time. Again, timing can be so critical when making your home purchase. This is why Seckel Capital promises to close your purchase on-time or they will give you $500 cash!

3. Zero closing costs plus free appraisals. While wholesale lenders often offer zero closing cost products not many throw in free appraisals as well. Both of these combined can save you several thousand dollars when all is said and done.


Additional Statistics Regarding Seckel Capital

BBB (Better Business Bureau) Rating: A -

Employees: 50 – 100

Phone: (888) 256-9870

Address: Seckel Capital, LLC 642 Newtown Yardley Road, Suite 220 Newtown,PA 18940

License Number: 139832 (NMLS)


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