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, Tulsa, Lincoln, and Duluth among others. We have data for 30 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 a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.92% | 11/17/24 |
| 30 Year Conventional Refi | 6.72% | 11/17/24 |
| 30 Year FHA Purchase | 7.44% | 11/17/24 |
| 30 Year FHA Refi | 6.84% | 11/17/24 |
| 30 Year VA Purchase | 6.51% | 11/17/24 |
| 30 Year VA Refi | 6.44% | 11/17/24 |
| 30 Year USDA Purchase | 6.46% | 11/17/24 |
| 30 Year USDA Refi | 7.47% | 11/17/24 |
| 15 Year Conventional Purchase | 6.46% | 11/17/24 |
| 15 Year Conventional Refi | 6.64% | 11/17/24 |
| 15 Year Cash-out Refi | 6.64% | 11/17/24 |
| 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
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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
1,038Origination Dollar Volume (All Markets)
$194,040,000Awards
Regent Financial Group - 2019
Regent Financial Group is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 606 | $118,190,000 | $195,033 | $4,132 | 4.07% |
| WICHITA, KS (FHA|USDA|VA) | 205 | $35,365,000 | $172,512 | $4,191 | 4.10% |
| TULSA, OK (FHA|USDA|VA) | 91 | $16,285,000 | $178,956 | $5,166 | 4.32% |
| LINCOLN, NE (FHA|USDA|VA) | 33 | $6,165,000 | $186,818 | $3,610 | 3.91% |
| DULUTH, MN-WI (FHA|USDA|VA) | 32 | $5,250,000 | $164,063 | $4,576 | 4.13% |
| Fremont, NE (FHA|USDA|VA) | 15 | $2,685,000 | $179,000 | $4,770 | 4.27% |
| Outside of Metro Areas | 17 | $2,475,000 | $145,588 | $4,275 | 4.42% |
| Bartlesville, OK (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $5,187 | 4.16% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $6,688 | 3.75% |
| North Platte, NE (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $5,744 | 4.59% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $2,846 | 4.38% |
| Lexington, NE (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,626 | 4.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,531 | 4.33% |
| Hastings, NE (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,259 | 3.75% |
| Beatrice, NE (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,202 | 4.58% |
| Kearney, NE (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,514 | 3.94% |
| Norfolk, NE (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,720 | 4.69% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $13,712 | 3.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,260 | 3.63% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,451 | 3.25% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,796 | 4.63% |
| McPherson, KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,253 | 4.50% |
| Emporia, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,456 | 4.63% |
| Columbus, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,740 | 4.00% |
| Scottsbluff, NE (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,418 | 3.63% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,402 | 4.25% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,735 | 3.13% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,754 | 4.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,136 | 3.38% |
| Winfield, KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,109 | 3.50% |
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.
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Product Mix
For 2019, Regent Financial Group's most frequently originated type of loan was Conventional, with 576 originations. Their 2nd most popular type was FHA, with 295 originations.
Loan Reason
For 2019, Regent Financial Group's most frequently cited loan purpose was Home Purchase, with 787 originations. The 2nd most popular reason was Refi, with 142 originations.
Loan Duration/Length
For 2019, Regent Financial Group's most frequently cited loan duration was 30 Year, with 931 originations. The 2nd most popular length was 15 Year, with 56 originations.
Origination Fees/Closing Costs
Regent Financial Group's average total fees were $4,435, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 584 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 484 | $98,150,000 | $202,789 |
| 4-5% | 479 | $87,335,000 | $182,328 |
| 5-6% | 49 | $7,165,000 | $146,224 |
| <2.5% | 19 | $125,000 | $6,579 |
| 2.5-3% | 7 | $1,265,000 | $180,714 |
During 2019, Regent Financial Group's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 3-4%, with 484 originations.
Loan Sizing
2019 saw Regent Financial Group place emphasis on $100k-200k loans with 539 originations, totaling $81,485,000 in origination value.
Applicant Income
Regent Financial Group lent most frequently to those with incomes in the $50k-75k range, with 322 originations. The second most popular income band? $50k or less, with 249 originations.
Applicant Debt to Income Ratio
Regent Financial Group lent most frequently to those with DTI ratios of 30-36%, with 187 originations. The next most common DTI ratio? 20-30%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.72%
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 origination74.86%
Regent Financial Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,038 | $194,040,000 | $186,936 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $55,000 | $55,000 |
| Single Family (1-4 Units):Site-Built | 1,037 | $193,985,000 | $187,064 |