Regent Financial Group Mortgage Rates, Fees & Info

Elkhorn, NE

LEI: 254900LW5BPW0G1LMW49

Tax ID: 47-0834560

5 stars - Updated: 5/14/24 - out of 5 stars, based on 27 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & 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 by origination volume include: Omaha, Wichita, Duluth, Tulsa, and Lincoln among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

Regent Financial Group has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Regent Financial Group 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.92% 5/14/24
30 Year Conventional Refi 6.72% 5/14/24
30 Year FHA Purchase 7.44% 5/14/24
30 Year FHA Refi 6.84% 5/14/24
30 Year VA Purchase 6.51% 5/14/24
30 Year VA Refi 6.44% 5/14/24
30 Year USDA Purchase 6.46% 5/14/24
30 Year USDA Refi 7.47% 5/14/24
15 Year Conventional Purchase 6.46% 5/14/24
15 Year Conventional Refi 6.64% 5/14/24
15 Year Cash-out Refi 6.64% 5/14/24
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.

Regent Financial Group Mortgage Calculator






Your Estimates

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

This is not an official calculator from Regent Financial Group. 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

751

Origination Dollar Volume (All Markets)

$159,925,000

Awards

Regent Financial Group FHA Loans gold Regent Financial Group FHA Loans bronze Regent Financial Group FHA Loans silver
Show all (3) awards

Relative Rate

Regent Financial Group's average 30 year fixed mortgage rate was 6.83%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.35%.

Relative Fees (Closing Costs)

Regent Financial Group's average total fees/closing costs for a 30 year fixed rate mortgage were $6,516.

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 $9,089.

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
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 341 $79,345,000 $232,683 $5,666 6.04%
WICHITA, KS (FHA|USDA|VA) 126 $25,430,000 $201,825 $6,455 6.83%
DULUTH, MN-WI (FHA|USDA|VA) 94 $19,120,000 $203,404 $6,588 6.82%
TULSA, OK (FHA|USDA|VA) 43 $10,445,000 $242,907 $7,289 6.82%
Outside of Metro Areas 52 $6,810,000 $130,962 $3,984 5.33%
LINCOLN, NE (FHA|USDA|VA) 26 $6,130,000 $235,769 $6,382 6.71%
Fremont, NE (FHA|USDA|VA) 34 $5,590,000 $164,412 $4,694 5.28%
Bartlesville, OK (FHA|USDA|VA) 5 $1,375,000 $275,000 $9,538 6.95%
Beatrice, NE (FHA|USDA|VA) 6 $980,000 $163,333 $5,471 5.35%
Dodge City, KS (FHA|USDA|VA) 2 $580,000 $290,000 $5,263 7.68%
Brainerd, MN (FHA|USDA|VA) 2 $520,000 $260,000 $8,222 6.44%
Hutchinson, KS (FHA|USDA|VA) 4 $470,000 $117,500 $4,432 6.94%
Columbus, NE (FHA|USDA|VA) 3 $455,000 $151,667 $2,479 4.88%
Norfolk, NE (FHA|USDA|VA) 2 $400,000 $200,000 $5,780 7.25%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $375,000 $375,000 $6,500 6.88%
North Platte, NE (FHA|USDA|VA) 1 $355,000 $355,000 $10,366 6.50%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $325,000 $325,000 $3,085 7.63%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $295,000 $295,000 $6,934 6.99%
Lexington, NE (FHA|USDA|VA) 1 $265,000 $265,000 $3,210 6.63%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $235,000 $235,000 $6,351 6.75%
Bemidji, MN (FHA|USDA|VA) 1 $155,000 $155,000 $4,963 6.63%
Kearney, NE (FHA|USDA|VA) 2 $120,000 $60,000 $2,616 3.38%
McAlester, OK (FHA|USDA|VA) 1 $85,000 $85,000 $4,807 6.13%
Emporia, KS (FHA|USDA|VA) 1 $65,000 $65,000 $4,913 7.63%
Regent Financial Group's top markets include Omaha, Wichita, Duluth, Tulsa, and Lincoln among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Regent Financial Group based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PANHANDLE FEDERAL CREDIT UNION
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    Similarity Rank: 133
    RCB Bank
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    GOLDEN PLAINS
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    TTCU Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 519 $104,555,000 $201,455 $4,353 6.06%
    FHA 170 $37,780,000 $222,235 $8,875 6.72%
    VA 60 $17,380,000 $289,667 $10,564 6.73%
    USDA 2 $210,000 $105,000 $4,889 6.69%

    For 2023, Regent Financial Group's most frequently originated type of loan was Conventional, with 519 originations. Their 2nd most popular type was FHA, with 170 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 716 $152,820,000 $213,436 $5,880 6.24%
    Home Improvement 27 $5,325,000 $197,222 $6,117 6.91%
    Refi 8 $1,780,000 $222,500 $4,573 6.62%

    For 2023, Regent Financial Group's most frequently cited loan purpose was Home Purchase, with 716 originations. The 2nd most popular reason was Home Improvement, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 671 $157,645,000 $234,940 $6,516 6.83%
    10 Year 72 $700,000 $9,722 $71 1.00%
    15 Year 5 $1,195,000 $239,000 $5,374 6.30%
    20 Year 3 $385,000 $128,333 $2,377 6.50%

    For 2023, Regent Financial Group's most frequently cited loan duration was 30 Year, with 671 originations. The 2nd most popular length was 10 Year, with 72 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 176 $32,860,000 $186,705
    $<1k 161 $20,515,000 $127,422
    $2k-3k 151 $28,685,000 $189,967
    $3k-4k 100 $24,860,000 $248,600
    $4k-5k 84 $25,010,000 $297,738
    $5k+ 79 $27,995,000 $354,367

    Regent Financial Group's average total fees were $6,516, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 176 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 403 $92,925,000 $230,583
    7-8% 220 $53,700,000 $244,091
    <2.5% 72 $700,000 $9,722
    5-6% 50 $11,140,000 $222,800
    Over 8% 6 $1,460,000 $243,333

    During 2023, Regent Financial Group's average interest rate for loans was 6.83%, while their most frequently originated rate bucket for loans was 6-7%, with 403 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 332 $91,000,000 $274,096 $7,507 6.91%
    $100k-200k 256 $39,530,000 $154,414 $5,025 6.74%
    $100,000 or less 112 $3,640,000 $32,500 $1,408 3.06%
    $400k-600k 42 $19,600,000 $466,667 $9,548 6.74%
    $600k-1MM 9 $6,155,000 $683,889 $8,220 6.83%

    2023 saw Regent Financial Group place emphasis on $200k-400k loans with 332 originations, totaling $91,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 208 $32,430,000 $155,913 $4,889 5.91%
    $100k-150k 172 $46,160,000 $268,372 $6,809 6.42%
    $75k-100k 172 $33,880,000 $196,977 $5,922 6.06%
    $150k-250k 89 $27,945,000 $313,989 $7,147 6.89%
    $50k or less 82 $10,340,000 $126,098 $4,763 6.27%
    $250k+ 28 $9,170,000 $327,500 $6,362 7.21%

    Regent Financial Group lent most frequently to those with incomes in the $50k-75k range, with 208 originations. The second most popular income band? $100k-150k, with 172 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 143 $26,705,000 $186,748 $4,879 5.66%
    20-30% 106 $19,290,000 $181,981 $4,624 5.82%
    50-60% 66 $17,180,000 $260,303 $10,649 6.67%
    49% 48 $11,340,000 $236,250 $5,739 6.82%
    44% 38 $8,300,000 $218,421 $5,259 6.87%
    36% 36 $7,250,000 $201,389 $4,596 5.71%
    47% 34 $7,960,000 $234,118 $6,577 6.89%
    42% 32 $7,690,000 $240,313 $7,674 6.67%
    <20% 30 $4,440,000 $148,000 $4,408 6.17%
    43% 29 $7,925,000 $273,276 $6,050 6.75%
    41% 29 $6,935,000 $239,138 $5,771 6.54%
    46% 27 $6,225,000 $230,556 $6,504 6.68%
    39% 25 $5,455,000 $218,200 $5,461 6.45%
    38% 25 $5,235,000 $209,400 $4,960 5.81%
    37% 23 $4,305,000 $187,174 $4,908 6.03%
    45% 23 $4,995,000 $217,174 $6,228 6.86%
    48% 20 $5,190,000 $259,500 $6,605 7.05%
    40% 15 $2,745,000 $183,000 $6,081 5.81%
    >60% 2 $760,000 $380,000 $10,150 7.12%

    Regent Financial Group lent most frequently to those with DTI ratios of 30-36%, with 143 originations. The next most common DTI ratio? 20-30%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 689 $145,785,000 $211,589 $5,814 6.24%
    Black 30 $7,120,000 $237,333 $6,935 6.35%
    Asian 19 $4,255,000 $223,947 $5,933 6.48%
    American Indian 13 $2,765,000 $212,692 $6,514 6.92%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    84.02%

    Regent Financial Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 751 $159,925,000 $212,949

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    751 $159,925,000 $212,949

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $695,000 $99,286 $3,227 6.61%
    40-60% 29 $5,415,000 $186,724 $4,542 6.78%
    60-80% 149 $34,925,000 $234,396 $5,433 6.91%
    80-100% 472 $111,850,000 $236,970 $6,670 6.81%
    Over 100% 20 $6,190,000 $309,500 $14,279 6.78%
    Under 20% 74 $850,000 $11,486 $185 1.14%