Regent Financial Group Mortgage Rates, Fees & Info
Elkhorn, NELEI: 254900LW5BPW0G1LMW49
Tax ID: 47-0834560
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,667Origination Dollar Volume (All Markets)
$345,165,000Awards
Regent Financial Group - 2021
Regent Financial Group is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications98.92%
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 origination75.46%
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% |
