Regent Financial Group Mortgage Rates, Fees & Info

Elkhorn, NE

LEI: 254900LW5BPW0G1LMW49

Tax ID: 47-0834560

5 stars - out of 5 stars, based on 41 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Regent Financial Group is a smaller mortgage company specializing in Home Purchase loans. Regent Financial Group has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Omaha, Wichita, Tulsa, Duluth, and Lincoln among others. Regent Financial Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Regent Financial Group is typically an average fee lendor.


Originations

1,667

Origination Dollar Volume (All Markets)

$345,165,000

Awards

Regent Financial Group  VA Loans bronze Regent Financial Group  FHA Loans gold
Show all (2) awards

Relative Rate

Regent Financial Group 's average 30 year fixed rate mortgage of loans were 3.1%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.05%.

Relative Fees

Regent Financial Group 's average total fees for a 30 year fixed rate mortgage are $4,156.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 885 $193,795,000 $218,977 $3,775 3.02%
WICHITA, KS (FHA|USDA|VA) 312 $61,650,000 $197,596 $3,959 3.04%
TULSA, OK (FHA|USDA|VA) 103 $24,035,000 $233,350 $6,080 3.12%
DULUTH, MN-WI (FHA|USDA|VA) 99 $21,905,000 $221,263 $4,760 3.16%
LINCOLN, NE (FHA|USDA|VA) 84 $17,020,000 $202,619 $3,649 2.95%
Outside of Metro Areas 87 $10,285,000 $118,218 $2,627 2.56%
Fremont, NE (FHA|USDA|VA) 41 $6,225,000 $151,829 $3,287 2.86%
Hutchinson, KS (FHA|USDA|VA) 10 $1,620,000 $162,000 $4,114 3.16%
Bartlesville, OK (FHA|USDA|VA) 4 $900,000 $225,000 $3,912 2.63%
Beatrice, NE (FHA|USDA|VA) 5 $825,000 $165,000 $3,623 3.15%
Winfield, KS (FHA|USDA|VA) 3 $795,000 $265,000 $5,555 3.04%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $775,000 $155,000 $2,464 3.02%
Kearney, NE (FHA|USDA|VA) 4 $730,000 $182,500 $3,415 2.92%
Norfolk, NE (FHA|USDA|VA) 3 $675,000 $225,000 $5,799 3.13%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $610,000 $152,500 $2,934 2.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $540,000 $270,000 $2,524 2.75%
LAWRENCE, KS (FHA|USDA|VA) 1 $475,000 $475,000 $2,705 2.75%
MANHATTAN, KS (FHA|USDA|VA) 2 $370,000 $185,000 $4,096 3.51%
Salina, KS (FHA|USDA|VA) 2 $370,000 $185,000 $2,161 3.25%
North Platte, NE (FHA|USDA|VA) 2 $320,000 $160,000 $5,594 3.11%
Columbus, NE (FHA|USDA|VA) 2 $300,000 $150,000 $4,512 3.13%
Lexington, NE (FHA|USDA|VA) 2 $250,000 $125,000 $4,165 3.20%
McPherson, KS (FHA|USDA|VA) 1 $195,000 $195,000 $908 2.88%
Dodge City, KS (FHA|USDA|VA) 1 $185,000 $185,000 $1,346 3.20%
Coffeyville, KS (FHA|USDA|VA) 1 $135,000 $135,000 $2,327 2.50%
Hastings, NE (FHA|USDA|VA) 1 $115,000 $115,000 $6,056 2.75%
Stillwater, OK (FHA|USDA|VA) 1 $65,000 $65,000 $2,781 2.75%

Regent Financial Group 's top markets include Omaha, Wichita, Tulsa, Duluth, and Lincoln among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,153 $238,025,000 $206,440 $2,947 3.04%
FHA 343 $66,665,000 $194,359 $6,531 3.01%
VA 161 $38,455,000 $238,851 $5,348 2.75%
USDA 10 $2,020,000 $202,000 $5,243 3.15%

For the 2021 period, Regent Financial Group 's most frequently originated loan type of loans were Conventional, with 1,153 originations. Their 2nd most popular type is FHA, with 343 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,153 $244,465,000 $212,025 $4,284 3.06%
Refi 329 $65,475,000 $199,012 $2,645 2.75%
Home Improvement 185 $35,225,000 $190,405 $4,010 3.14%

For the 2021, Regent Financial Group 's most frequently cited loan purpose of loans were Home Purchase, with 1,153 originations. The 2nd most popular reason of loans were Refi, with 329 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,449 $314,355,000 $216,946 $4,156 3.10%
15 Year 108 $18,930,000 $175,278 $3,165 2.58%
10 Year 56 $1,690,000 $30,179 $504 1.31%
20 Year 43 $8,425,000 $195,930 $3,100 2.90%
Other 11 $1,765,000 $160,455 $2,426 3.01%

For the 2021, Regent Financial Group 's most frequently cited loan length of loans were 30 Year, with 1,449 originations. The 2nd most popular length of loans were 15 Year, with 108 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,090 $224,450,000 $205,917
$1k-2k 378 $70,610,000 $186,799
$2k-3k 124 $28,750,000 $231,855
$3k-4k 61 $16,765,000 $274,836
$5k+ 12 $4,330,000 $360,833

$4,156 of loans were Regent Financial Group 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,090 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 812 $174,680,000 $215,123
2.5-3% 621 $132,165,000 $212,826
<2.5% 208 $35,000,000 $168,269
4-5% 18 $2,790,000 $155,000

During 2021, Regent Financial Group 's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 3-4%, with 812 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 760 $117,580,000 $154,711 $3,706 3.04%
$200k-400k 682 $181,510,000 $266,144 $4,502 3.05%
$100,000 or less 154 $9,000,000 $58,442 $2,031 2.61%
$400k-600k 60 $28,370,000 $472,833 $4,935 3.05%
$600k-1MM 11 $8,705,000 $791,364 $5,112 3.30%

2021 saw Regent Financial Group place emphasis on $100k-200k loans with 760 originations, totaling $117,580,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 494 $88,130,000 $178,401 $3,827 3.00%
$50k or less 425 $62,385,000 $146,788 $3,473 2.88%
$100k-150k 303 $77,715,000 $256,485 $4,076 3.07%
$75k-100k 281 $60,515,000 $215,356 $4,604 3.09%
$150k-250k 123 $40,185,000 $326,707 $4,101 3.09%
$250k+ 41 $16,235,000 $395,976 $3,702 3.15%

Regent Financial Group lent most frequently to those with incomes in the $50k-75k range, with 494 originations. The second most popular income band? $50k or less, with 425 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 354 $71,630,000 $202,345 $3,211 2.89%
30-36% 332 $70,250,000 $211,596 $3,674 3.03%
50-60% 106 $22,070,000 $208,208 $6,665 2.98%
<20% 91 $17,425,000 $191,484 $2,817 2.91%
42% 74 $15,330,000 $207,162 $4,324 3.12%
39% 68 $13,520,000 $198,824 $3,737 3.16%
40% 66 $13,100,000 $198,485 $4,206 3.05%
43% 64 $13,570,000 $212,031 $4,038 3.12%
37% 59 $12,225,000 $207,203 $5,028 2.99%
44% 56 $12,200,000 $217,857 $4,527 3.16%
38% 51 $11,825,000 $231,863 $3,940 3.18%
36% 49 $9,855,000 $201,122 $3,812 3.18%
41% 47 $9,575,000 $203,723 $3,670 3.05%
47% 43 $7,955,000 $185,000 $4,445 3.13%
49% 40 $8,610,000 $215,250 $4,588 3.12%
46% 39 $8,365,000 $214,487 $4,660 3.06%
45% 35 $7,405,000 $211,571 $4,414 3.09%
48% 33 $7,895,000 $239,242 $5,003 3.12%
>60% 29 $6,345,000 $218,793 $2,513 2.38%

Regent Financial Group lent most frequently to those with DTI ratios of 20-30%, with 354 originations. The next most common DTI ratio? 30-36%, with 332 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,543 $318,815,000 $206,620 $3,893 3.01%
Black 60 $12,190,000 $203,167 $4,858 2.99%
Asian 26 $6,370,000 $245,000 $3,641 3.11%
Not provided 24 $4,780,000 $199,167 $3,810 3.05%
Native Hawaiian 10 $2,110,000 $211,000 $4,570 2.70%
American Indian 4 $900,000 $225,000 $5,329 2.91%

Approval Rates

Total approvals of all applications
98.92%

Regent Financial Group 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
75.46%

Regent Financial Group has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,667 $345,165,000 $207,058

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,667 $345,165,000 $207,058

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 22 $2,770,000 $125,909 $2,581 2.74%
40-60% 98 $15,950,000 $162,755 $2,441 2.85%
60-80% 458 $96,070,000 $209,760 $3,182 3.04%
80-100% 1,020 $223,180,000 $218,804 $4,438 3.09%
Over 100% 23 $6,735,000 $292,826 $11,394 2.91%
Under 20% 46 $460,000 $10,000 $206 1.06%