Rms & Associates Mortgage Rates, Fees & Info

LAS VEGAS, NV

LEI: 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 an average proportion of FHA loans. Their top markets by origination volume include: Las Vegas, Pahrump, Ogden, Riverside, and Bakersfield among others. We have data for 6 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. They have an above average pick rate when compared to similar lenders. Rms & Associates is typically an average 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.

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 6.96% 3/28/24
30 Year Conventional Refi 6.74% 3/28/24
30 Year Cash-out Refi 6.78% 3/28/24
30 Year FHA Purchase 7.57% 3/28/24
30 Year VA Purchase 6.49% 3/28/24
30 Year VA Refi 7.33% 3/28/24
15 Year Conventional Refi 6.18% 3/28/24
15 Year Cash-out Refi 6.18% 3/28/24
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.

Rms & Associates Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Rms & Associates. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

662

Origination Dollar Volume (All Markets)

$149,350,000

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) 652 $147,240,000 $225,828 $7,429 5.15%
Pahrump, NV (FHA|USDA|VA) 4 $840,000 $210,000 $7,076 5.19%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $590,000 $295,000 $4,937 4.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $380,000 $190,000 $6,551 5.13%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $155,000 $155,000 $6,290 4.88%
MERCED, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.63%
Rms & Associates's top markets include Las Vegas, Pahrump, Ogden, Riverside, and Bakersfield among others.

Their top states include:
  • Nevada (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • 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.

    Nevada Mortgage Inc.
    Similarity Rank: 363
    ONE NEVADA CREDIT UNION
    Similarity Rank: 700
    LOGIX FEDERAL CREDIT UNION
    Similarity Rank: 828
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    Similarity Rank: 1372
    PINNACLE LENDING GROUP, INC.
    Similarity Rank: 1425
    East West Bank
    Similarity Rank: 1584
    Cathay Bank
    Similarity Rank: 1798
    JFK Financial Inc.
    Similarity Rank: 2639

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 494 $111,300,000 $225,304 $6,400 5.18%
    FHA 147 $31,985,000 $217,585 $10,007 5.07%
    VA 21 $6,065,000 $288,810 $12,119 4.92%

    For 2018, Rms & Associates's most frequently originated type of loan was Conventional, with 494 originations. Their 2nd most popular type was FHA, with 147 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 552 $126,660,000 $229,457 $7,661 5.15%
    Cash Out Refi 79 $15,355,000 $194,367 $6,370 5.25%
    Refi 31 $7,335,000 $236,613 $5,659 4.75%

    For 2018, Rms & Associates's most frequently cited loan purpose was Home Purchase, with 552 originations. The 2nd most popular reason was Cash Out Refi, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 640 $145,440,000 $227,250 $7,463 5.16%
    15 Year 16 $2,490,000 $155,625 $5,947 4.58%
    20 Year 5 $1,315,000 $263,000 $7,168 4.85%
    10 Year 1 $105,000 $105,000 $4,897 5.25%

    For 2018, Rms & Associates's most frequently cited loan duration was 30 Year, with 640 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 258 $49,340,000 $191,240
    $3k-4k 202 $41,750,000 $206,683
    $4k-5k 124 $32,990,000 $266,048
    $5k+ 41 $15,445,000 $376,707
    $1k-2k 28 $7,420,000 $265,000
    $<1k 6 $1,790,000 $298,333

    Rms & Associates's average total fees were $7,463, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 258 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 351 $82,615,000 $235,370
    5-6% 280 $60,320,000 $215,429
    6-7% 28 $5,940,000 $212,143
    3-4% 3 $475,000 $158,333

    During 2018, Rms & Associates's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 4-5%, with 351 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 396 $102,110,000 $257,854 $8,036 5.13%
    $100k-200k 236 $38,340,000 $162,458 $6,411 5.19%
    $400k-600k 16 $7,130,000 $445,625 $8,772 4.95%
    $100,000 or less 13 $1,065,000 $81,923 $5,229 5.06%
    $600k-1MM 1 $705,000 $705,000 $0 4.63%

    2018 saw Rms & Associates place emphasis on $200k-400k loans with 396 originations, totaling $102,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 244 $54,340,000 $222,705 $7,473 5.18%
    $50k or less 201 $35,715,000 $177,687 $6,740 5.14%
    $75k-100k 120 $30,140,000 $251,167 $7,882 5.17%
    $100k-150k 72 $20,920,000 $290,556 $8,006 5.05%
    $150k-250k 23 $7,495,000 $325,870 $8,083 5.04%
    $250k+ 2 $740,000 $370,000 $8,579 5.06%

    Rms & Associates lent most frequently to those with incomes in the $50k-75k range, with 244 originations. The second most popular income band? $50k or less, with 201 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 90 $20,440,000 $227,111 $7,510 5.10%
    49% 62 $14,170,000 $228,548 $6,983 5.21%
    20-30% 58 $13,480,000 $232,414 $6,861 5.06%
    44% 57 $12,345,000 $216,579 $7,371 5.17%
    50-60% 40 $9,570,000 $239,250 $10,353 5.09%
    43% 39 $8,445,000 $216,538 $6,909 5.17%
    42% 32 $7,100,000 $221,875 $7,314 5.19%
    48% 32 $7,210,000 $225,313 $6,241 5.16%
    45% 32 $6,560,000 $205,000 $6,590 5.27%
    46% 31 $6,875,000 $221,774 $7,148 5.31%
    38% 31 $7,385,000 $238,226 $7,457 5.15%
    41% 31 $7,115,000 $229,516 $7,496 4.98%
    40% 27 $6,555,000 $242,778 $7,301 5.20%
    47% 26 $5,640,000 $216,923 $7,242 5.13%
    36% 23 $5,075,000 $220,652 $7,805 5.20%
    37% 20 $4,890,000 $244,500 $7,833 5.11%
    39% 19 $4,055,000 $213,421 $7,686 5.12%
    <20% 7 $1,215,000 $173,571 $6,157 4.77%
    >60% 5 $1,225,000 $245,000 $11,682 5.45%

    Rms & Associates lent most frequently to those with DTI ratios of 30-36%, with 90 originations. The next most common DTI ratio? 49%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 578 $127,890,000 $221,263 $7,394 5.14%
    Asian 51 $13,285,000 $260,490 $7,222 5.00%
    Black 26 $6,310,000 $242,692 $8,134 5.42%
    Native Hawaiian or Islander 3 $775,000 $258,333 $9,392 5.25%
    American Indian 2 $430,000 $215,000 $6,026 5.50%
    Other Pacific Islander 1 $415,000 $415,000 $9,200 5.88%
    Not provided 1 $245,000 $245,000 $11,106 5.50%

    Approval Rates

    Total approvals of all applications
    99.56%

    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 origination
    98.19%

    Rms & Associates has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 662 $149,350,000 $225,604

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 662 $149,350,000 $225,604

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $910,000 $113,750 $5,075 4.89%
    40-60% 23 $4,535,000 $197,174 $5,716 4.91%
    60-80% 147 $32,825,000 $223,299 $6,526 5.11%
    80-100% 479 $109,555,000 $228,716 $7,706 5.18%
    Over 100% 5 $1,525,000 $305,000 $15,413 4.98%