Regent Financial Group Mortgage Rates, Fees & Info

Elkhorn, NE

LEI: 254900LW5BPW0G1LMW49

Tax ID: 47-0834560

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

Jump to:

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.

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% 3/28/24
30 Year Conventional Refi 6.72% 3/28/24
30 Year FHA Purchase 7.44% 3/28/24
30 Year FHA Refi 6.84% 3/28/24
30 Year VA Purchase 6.51% 3/28/24
30 Year VA Refi 6.44% 3/28/24
30 Year USDA Purchase 6.46% 3/28/24
30 Year USDA Refi 7.47% 3/28/24
15 Year Conventional Purchase 6.46% 3/28/24
15 Year Conventional Refi 6.64% 3/28/24
15 Year Cash-out Refi 6.64% 3/28/24
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

1,038

Origination Dollar Volume (All Markets)

$194,040,000

Awards

Regent Financial Group 30 Year Conventional Loans silver Regent Financial Group FHA Loans gold
Show all (2) awards

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

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

    RED CROWN
    Similarity Rank: 45
    Tulsa Federal Credit Union
    Similarity Rank: 84
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 90
    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 110
    MID AMERICAN
    Similarity Rank: 128
    Cornerstone State Bank
    Similarity Rank: 140
    Central Bank of Oklahoma
    Similarity Rank: 140
    SKYWARD
    Similarity Rank: 148
    Western National Bank
    Similarity Rank: 156
    PANHANDLE FEDERAL CREDIT UNION
    Similarity Rank: 212

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 576 $110,010,000 $190,990 $3,096 4.05%
    FHA 295 $49,245,000 $166,932 $5,909 4.28%
    VA 153 $32,755,000 $214,085 $5,391 3.97%
    USDA 14 $2,030,000 $145,000 $4,838 4.02%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 787 $146,085,000 $185,623 $4,442 4.14%
    Refi 142 $29,220,000 $205,775 $3,186 3.82%
    Home Improvement 109 $18,735,000 $171,881 $4,305 4.20%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 931 $178,235,000 $191,445 $4,435 4.18%
    15 Year 56 $10,010,000 $178,750 $2,673 3.86%
    20 Year 21 $3,825,000 $182,143 $3,582 4.02%
    10 Year 20 $290,000 $14,500 $255 1.12%
    Other 9 $1,585,000 $176,111 $6,121 4.29%
    30+ year 1 $95,000 $95,000 $3,430 4.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 584 $108,100,000 $185,103
    $1k-2k 338 $59,850,000 $177,071
    $2k-3k 62 $12,070,000 $194,677
    $3k-4k 30 $6,720,000 $224,000
    $4k-5k 14 $3,830,000 $273,571
    $5k+ 10 $3,470,000 $347,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 539 $81,485,000 $151,178 $4,005 4.19%
    $200k-400k 380 $97,890,000 $257,605 $4,937 4.07%
    $100,000 or less 102 $6,620,000 $64,902 $2,745 3.80%
    $400k-600k 16 $7,410,000 $463,125 $5,741 4.07%
    $600k-1MM 1 $635,000 $635,000 $10,627 3.75%

    2019 saw Regent Financial Group place emphasis on $100k-200k loans with 539 originations, totaling $81,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 322 $55,010,000 $170,839 $4,361 4.09%
    $50k or less 249 $30,955,000 $124,317 $3,852 4.05%
    $75k-100k 197 $39,675,000 $201,396 $4,646 4.16%
    $100k-150k 171 $42,265,000 $247,164 $4,481 4.09%
    $150k-250k 75 $21,795,000 $290,600 $4,175 4.11%
    $250k+ 24 $4,340,000 $180,833 $2,486 4.44%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 187 $34,055,000 $182,112 $3,920 4.00%
    20-30% 180 $33,910,000 $188,389 $3,596 3.95%
    50-60% 116 $21,790,000 $187,845 $5,865 4.23%
    <20% 47 $8,595,000 $182,872 $3,097 3.87%
    40% 47 $8,645,000 $183,936 $4,614 4.18%
    39% 45 $8,505,000 $189,000 $4,380 4.25%
    44% 38 $7,440,000 $195,789 $3,378 4.35%
    >60% 37 $6,945,000 $187,703 $4,183 3.89%
    38% 37 $6,645,000 $179,595 $4,036 4.24%
    43% 36 $6,950,000 $193,056 $4,264 4.29%
    49% 35 $7,085,000 $202,429 $4,766 4.09%
    42% 34 $6,460,000 $190,000 $3,855 4.19%
    36% 34 $6,770,000 $199,118 $4,212 4.15%
    41% 32 $5,690,000 $177,813 $4,571 4.17%
    45% 32 $5,860,000 $183,125 $4,970 4.07%
    37% 30 $5,330,000 $177,667 $4,790 4.20%
    46% 27 $4,335,000 $160,556 $3,687 4.17%
    48% 26 $5,460,000 $210,000 $5,537 4.32%
    47% 18 $3,570,000 $198,333 $4,275 4.43%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 965 $180,425,000 $186,969 $4,214 4.09%
    Black 32 $6,280,000 $196,250 $5,768 4.43%
    Asian 21 $3,995,000 $190,238 $3,987 4.24%
    Not applicable 11 $1,535,000 $139,545 $4,027 3.55%
    Native Hawaiian or Islander 3 $635,000 $211,667 $3,888 4.29%
    Not provided 3 $615,000 $205,000 $6,338 4.25%
    American Indian 3 $555,000 $185,000 $2,599 4.21%

    Approval Rates

    Total approvals of all applications
    98.72%

    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 origination
    74.86%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $700,000 $87,500 $3,046 4.44%
    40-60% 19 $3,125,000 $164,474 $2,837 3.83%
    60-80% 181 $34,005,000 $187,873 $3,047 4.11%
    80-100% 782 $149,400,000 $191,049 $4,530 4.19%
    Over 100% 29 $6,685,000 $230,517 $8,361 3.98%
    Under 20% 19 $125,000 $6,579 $141 0.95%