Regent Financial Group Mortgage Rates, Fees & Info
Elkhorn, NELEI: 254900LW5BPW0G1LMW49
Tax ID: 47-0834560
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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 Fremont among others. We have data for 27 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 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 | 6.92% | 11/30/23 |
| 30 Year Conventional Refi | 6.72% | 11/30/23 |
| 30 Year FHA Purchase | 7.44% | 11/30/23 |
| 30 Year FHA Refi | 6.84% | 11/30/23 |
| 30 Year VA Purchase | 6.51% | 11/30/23 |
| 30 Year VA Refi | 6.44% | 11/30/23 |
| 30 Year USDA Purchase | 6.46% | 11/30/23 |
| 30 Year USDA Refi | 7.47% | 11/30/23 |
| 15 Year Conventional Purchase | 6.46% | 11/30/23 |
| 15 Year Conventional Refi | 6.64% | 11/30/23 |
| 15 Year Cash-out Refi | 6.64% | 11/30/23 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
886Origination Dollar Volume (All Markets)
$193,050,000Awards
Regent Financial Group - 2022
Regent Financial Group is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Regent Financial Group's average 30 year fixed mortgage rate was
5.11%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
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 $5,921.
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 $4,750.
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) | 463 | $110,085,000 | $237,765 | $5,429 | 4.63% |
| WICHITA, KS (FHA|USDA|VA) | 122 | $23,260,000 | $190,656 | $5,359 | 5.08% |
| DULUTH, MN-WI (FHA|USDA|VA) | 74 | $15,390,000 | $207,973 | $6,480 | 5.68% |
| TULSA, OK (FHA|USDA|VA) | 52 | $12,460,000 | $239,615 | $6,780 | 5.17% |
| Outside of Metro Areas | 53 | $8,335,000 | $157,264 | $4,839 | 4.82% |
| Fremont, NE (FHA|USDA|VA) | 45 | $7,625,000 | $169,444 | $4,382 | 4.36% |
| LINCOLN, NE (FHA|USDA|VA) | 35 | $7,475,000 | $213,571 | $5,470 | 4.46% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $4,898 | 4.54% |
| Columbus, NE (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $12,242 | 4.33% |
| Winfield, KS (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $5,961 | 4.79% |
| Norfolk, NE (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,669 | 4.67% |
| Hutchinson, KS (FHA|USDA|VA) | 7 | $655,000 | $93,571 | $3,972 | 4.89% |
| Bartlesville, OK (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $5,002 | 4.88% |
| Beatrice, NE (FHA|USDA|VA) | 5 | $445,000 | $89,000 | $3,648 | 5.20% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,569 | 5.38% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,396 | 4.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,742 | 6.50% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,773 | 5.63% |
| Salina, KS (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $1,917 | 5.96% |
| Spencer, IA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,773 | 5.99% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,820 | 5.13% |
| Scottsbluff, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $12,216 | 3.75% |
| North Platte, NE (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,001 | 5.13% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,795 | 5.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,115 | 6.50% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,259 | 3.50% |
| Lexington, NE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,813 | 3.13% |
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.
Similarity Rank: 96
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Product Mix
For 2022, Regent Financial Group's most frequently originated type of loan was Conventional, with 596 originations. Their 2nd most popular type was FHA, with 206 originations.
Loan Reason
For 2022, Regent Financial Group's most frequently cited loan purpose was Home Purchase, with 791 originations. The 2nd most popular reason was Home Improvement, with 59 originations.
Loan Duration/Length
For 2022, Regent Financial Group's most frequently cited loan duration was 30 Year, with 798 originations. The 2nd most popular length was 10 Year, with 56 originations.
Origination Fees/Closing Costs
Regent Financial Group's average total fees were $5,921, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 271 originations.
Interest Rates
During 2022, Regent Financial Group's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 5-6%, with 322 originations.
Loan Sizing
2022 saw Regent Financial Group place emphasis on $200k-400k loans with 402 originations, totaling $109,210,000 in origination value.
Applicant Income
Regent Financial Group lent most frequently to those with incomes in the $50k-75k range, with 279 originations. The second most popular income band? $100k-150k, with 187 originations.
Applicant Debt to Income Ratio
Regent Financial Group lent most frequently to those with DTI ratios of 30-36%, with 168 originations. The next most common DTI ratio? 20-30%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.49%
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 origination81.94%
Regent Financial Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 886 | $193,050,000 | $217,889 |