Rms & Associates Mortgage Rates, Fees & Info
LAS VEGAS, NVLEI: 254900FSIRD1E5MR0U30
Tax ID: 88-0354299
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Mortgage Data
Review & Overview
Rms & Associates is a smaller mortgage company specializing in Home Purchase loans. Rms & Associates has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Las Vegas, Pahrump, Los Angeles, and Riverside among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Rms & Associates has an above average approval rate when compared to the average across all lenders. Rms & Associates is typically a high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.34% | 4/5/25 |
| 30 Year Conventional Refi | 6.95% | 4/5/25 |
| 30 Year Cash-out Refi | 7.02% | 4/5/25 |
| 30 Year FHA Purchase | 7.59% | 4/5/25 |
| 30 Year FHA Refi | 7.42% | 4/5/25 |
| 30 Year VA Purchase | 6.91% | 4/5/25 |
| 15 Year Conventional Refi | 6.14% | 4/5/25 |
| 15 Year Cash-out Refi | 6.14% | 4/5/25 |
| 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. | ||
Rms & Associates Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
148Origination Dollar Volume (All Markets)
$52,330,000Relative Rate
Rms & Associates's average 30 year fixed mortgage rate was
6.85%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.3%.
Relative Fees (Closing Costs)
Rms & Associates's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,803.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 140 | $49,910,000 | $356,500 | $12,791 | 6.85% |
| Pahrump, NV (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $13,100 | 6.44% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $13,584 | 6.38% |
| Outside of Metro Areas | 1 | $395,000 | $395,000 | $9,584 | 7.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,678 | 7.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against RMS & Associates 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 | 75 | $25,285,000 | $337,133 | $9,711 | 7.00% |
| FHA | 65 | $23,245,000 | $357,615 | $15,542 | 6.71% |
| VA | 8 | $3,800,000 | $475,000 | $18,837 | 6.42% |
For 2024, Rms & Associates's most frequently originated type of loan was Conventional, with 75 originations. Their 2nd most popular type was FHA, with 65 originations.
Loan Reason
For 2024, Rms & Associates's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 146 | $51,850,000 | $355,137 | $12,803 | 6.85% |
| 15 Year | 2 | $480,000 | $240,000 | $8,630 | 6.00% |
For 2024, Rms & Associates's most frequently cited loan duration was 30 Year, with 146 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Rms & Associates's average total fees were $12,803, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 87 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 79 | $26,645,000 | $337,278 |
| 7-8% | 55 | $20,865,000 | $379,364 |
| 5-6% | 13 | $4,565,000 | $351,154 |
| Over 8% | 1 | $255,000 | $255,000 |
During 2024, Rms & Associates's average interest rate for loans was 6.85%, while their most frequently originated rate bucket for loans was 6-7%, with 79 originations.
Loan Sizing
2024 saw Rms & Associates place emphasis on $200k-400k loans with 80 originations, totaling $24,680,000 in origination value.
Applicant Income
Rms & Associates lent most frequently to those with incomes in the $75k-100k range, with 44 originations. The second most popular income band? $100k-150k, with 38 originations.
Applicant Debt to Income Ratio
Rms & Associates lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 49%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.67%
Rms & Associates has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 148 | $52,330,000 | $353,581 |