Residential Home Funding Corp. Mortgage Rates, Fees & Info
WHITE PLAINS, NYLEI: 5493005XCKCOIX4JMI33
Tax ID: 11-3578006
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Mortgage Data
Review & Overview
Residential Home Funding Corp. is a smaller mortgage company specializing in Home Purchase loans. Residential Home Funding Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Miami, Baltimore, Bridgeport, and Philadelphia among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Residential Home Funding Corp. 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. Residential Home Funding Corp. is typically a high 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 | 7.10% | 9/25/23 |
| 30 Year Conventional Refi | 6.52% | 9/25/23 |
| 30 Year Cash-out Refi | 7.17% | 9/25/23 |
| 30 Year FHA Purchase | 7.56% | 9/25/23 |
| 30 Year FHA Refi | 6.11% | 9/25/23 |
| 30 Year VA Purchase | 6.29% | 9/25/23 |
| 30 Year USDA Purchase | 6.78% | 9/25/23 |
| 15 Year Conventional Purchase | 6.24% | 9/25/23 |
| 15 Year Conventional Refi | 6.17% | 9/25/23 |
| 15 Year Cash-out Refi | 6.17% | 9/25/23 |
| 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. | ||
Residential Home Funding Corp. Mortgage Calculator
Your Estimates
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This is not an official calculator from Residential Home Funding Corp.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
721Origination Dollar Volume (All Markets)
$251,875,000Relative Rate
Residential Home Funding Corp.'s average 30 year fixed mortgage rate was
4.95%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.19%.
Relative Fees (Closing Costs)
Residential Home Funding Corp.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $10,929.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 329 | $137,225,000 | $417,097 | $11,027 | 4.71% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 62 | $22,880,000 | $369,032 | $12,695 | 5.07% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 35 | $9,705,000 | $277,286 | $10,266 | 4.96% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 21 | $9,065,000 | $431,667 | $13,608 | 5.12% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 30 | $7,770,000 | $259,000 | $9,405 | 4.82% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $4,985,000 | $453,182 | $13,362 | 4.99% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 21 | $4,955,000 | $235,952 | $8,649 | 5.20% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 16 | $4,790,000 | $299,375 | $10,936 | 4.84% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 16 | $4,280,000 | $267,500 | $8,142 | 5.27% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 13 | $3,395,000 | $261,154 | $11,396 | 5.03% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $8,884 | 4.39% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,350,000 | $1,175,000 | $27,274 | 3.56% |
| Outside of Metro Areas | 12 | $2,340,000 | $195,000 | $6,782 | 5.23% |
| PITTSBURGH, PA (FHA|USDA|VA) | 13 | $1,985,000 | $152,692 | $8,134 | 6.27% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 8 | $1,880,000 | $235,000 | $8,283 | 3.81% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 7 | $1,865,000 | $266,429 | $7,333 | 4.77% |
| SAVANNAH, GA (FHA|USDA|VA) | 7 | $1,825,000 | $260,714 | $8,254 | 5.80% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $10,811 | 5.28% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $10,376 | 6.61% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $12,765 | 4.41% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,410,000 | $705,000 | $22,298 | 4.44% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $10,200 | 3.93% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $12,363 | 4.04% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $9,671 | 4.70% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $15,648 | 4.92% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $14,012 | 5.04% |
| OCALA, FL (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $6,848 | 4.69% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $8,733 | 4.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $15,239 | 5.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $18,868 | 4.88% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $7,243 | 4.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $11,980 | 4.44% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $11,561 | 3.91% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,933 | 4.04% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $6,932 | 4.21% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $15,284 | 4.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $9,589 | 3.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $9,121 | 6.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 5.50% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $9,841 | 4.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,668 | 4.75% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $20,871 | 5.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,215 | 3.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,887 | 7.56% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $16,780 | 5.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $4,872 | 5.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $8,479 | 7.44% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,069 | 5.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,137 | 4.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,970 | 5.38% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,717 | 3.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $22,287 | 4.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $17,011 | 4.63% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,145 | 3.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,730 | 2.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,239 | 5.63% |
| Tifton, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,932 | 3.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,013 | 6.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,917 | 3.75% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,822 | 5.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,088 | 5.25% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,844 | 4.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,720 | 5.88% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,648 | 4.13% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,340 | 5.75% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,464 | 3.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,856 | 3.25% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,286 | 5.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,590 | 4.63% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,899 | 4.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,468 | 4.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,194 | 5.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,626 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against RESIDENTIAL HOME FUNDING CORP. 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 2022, Residential Home Funding Corp.'s most frequently originated type of loan was Conventional, with 490 originations. Their 2nd most popular type was FHA, with 199 originations.
Loan Reason
For 2022, Residential Home Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 538 originations. The 2nd most popular reason was Cash Out Refi, with 154 originations.
Loan Duration/Length
For 2022, Residential Home Funding Corp.'s most frequently cited loan duration was 30 Year, with 677 originations. The 2nd most popular length was 15 Year, with 26 originations.
Origination Fees/Closing Costs
Residential Home Funding Corp.'s average total fees were $10,929, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 289 originations.
Interest Rates
During 2022, Residential Home Funding Corp.'s average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 198 originations.
Loan Sizing
2022 saw Residential Home Funding Corp. place emphasis on $200k-400k loans with 346 originations, totaling $102,250,000 in origination value.
Applicant Income
Residential Home Funding Corp. lent most frequently to those with incomes in the $100k-150k range, with 188 originations. The second most popular income band? $75k-100k, with 140 originations.
Applicant Debt to Income Ratio
Residential Home Funding Corp. lent most frequently to those with DTI ratios of 50-60%, with 85 originations. The next most common DTI ratio? 30-36%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.49%
Residential Home Funding Corp. has an average approval rate.
Pick Rate
Approvals leading to origination-0.97%
Residential Home Funding Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 721 | $251,875,000 | $349,341 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Rocket Mortgage, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 30.8% |
| Rocket Mortgage, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 7.7% |
| Rocket Mortgage, LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.7% |
| Rocket Mortgage, LLC | Conventional home mortgage | Trouble during payment process | 3 | 23.1% |
| Rocket Mortgage, LLC | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 15.4% |
| Rocket Mortgage, LLC | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 7.7% |
| Rocket Mortgage, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.7% |