Resource Financial Services Mortgage Rates, Fees & Info
COLUMBIA, SCLEI: 549300916KMYQ118CX89
Tax ID: 57-1102490
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Resource Financial Services is a smaller mortgage company specializing in Home Purchase loans. Resource Financial Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Resource Financial Services has a low ratio of conventional loans. Their top markets by origination volume include: Columbia, Raleigh, Jacksonville, Charlotte, and Sumter among others. We have data for 60 markets. (Some data included below & more in-depth data is available with an active subscription.)Resource Financial Services 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. Resource Financial Services 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 | 6.61% | 12/16/24 |
| 30 Year Conventional Refi | 6.74% | 12/16/24 |
| 30 Year Cash-out Refi | 6.88% | 12/16/24 |
| 30 Year FHA Purchase | 7.38% | 12/16/24 |
| 30 Year FHA Refi | 7.01% | 12/16/24 |
| 30 Year VA Purchase | 6.35% | 12/16/24 |
| 30 Year VA Refi | 5.80% | 12/16/24 |
| 30 Year USDA Purchase | 6.45% | 12/16/24 |
| 15 Year Conventional Purchase | 5.97% | 12/16/24 |
| 15 Year Conventional Refi | 5.97% | 12/16/24 |
| 15 Year Cash-out Refi | 5.97% | 12/16/24 |
| 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. | ||
Resource Financial Services Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Resource Financial Services. 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
1,165Origination Dollar Volume (All Markets)
$226,525,000Awards
RESOURCE FINANCIAL SERVICES - 2018
RESOURCE FINANCIAL SERVICES is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for RESOURCE FINANCIAL SERVICES?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| COLUMBIA, SC (FHA|USDA|VA) | 268 | $52,130,000 | $194,515 | $4,297 | 4.66% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 120 | $31,460,000 | $262,167 | $3,986 | 4.67% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 147 | $27,685,000 | $188,333 | $5,278 | 4.96% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 87 | $16,435,000 | $188,908 | $4,641 | 4.79% |
| SUMTER, SC (FHA|USDA|VA) | 90 | $11,450,000 | $127,222 | $5,580 | 4.61% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 42 | $9,950,000 | $236,905 | $3,302 | 4.58% |
| WILMINGTON, NC (FHA|USDA|VA) | 39 | $8,575,000 | $219,872 | $4,264 | 4.87% |
| FLORENCE, SC (FHA|USDA|VA) | 48 | $7,610,000 | $158,542 | $5,444 | 4.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 43 | $6,915,000 | $160,814 | $4,065 | 4.55% |
| Outside of Metro Areas | 32 | $5,460,000 | $170,625 | $4,305 | 4.78% |
| NEW BERN, NC (FHA|USDA|VA) | 31 | $5,425,000 | $175,000 | $4,294 | 4.83% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 25 | $5,045,000 | $201,800 | $4,432 | 4.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 17 | $4,765,000 | $280,294 | $4,352 | 4.78% |
| SPARTANBURG, SC (FHA|USDA|VA) | 27 | $4,765,000 | $176,481 | $3,853 | 4.95% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 16 | $4,460,000 | $278,750 | $3,610 | 4.76% |
| SAVANNAH, GA (FHA|USDA|VA) | 8 | $2,060,000 | $257,500 | $4,872 | 4.98% |
| MOBILE, AL (FHA|USDA|VA) | 13 | $2,055,000 | $158,077 | $4,248 | 4.84% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $1,725,000 | $191,667 | $4,089 | 4.83% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 10 | $1,450,000 | $145,000 | $4,664 | 4.91% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $4,371 | 4.56% |
| Sanford, NC (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $4,980 | 5.02% |
| Albemarle, NC (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $5,385 | 4.70% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $4,915 | 4.97% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,458 | 5.00% |
| Morehead City, NC (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $2,725 | 4.13% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,611 | 4.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $3,688 | 4.72% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $4,439 | 4.88% |
| Gaffney, SC (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $6,494 | 4.53% |
| Washington, NC (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,114 | 5.21% |
| GOLDSBORO, NC (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $5,054 | 4.91% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,100 | 4.81% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $2,618 | 4.69% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,801 | 5.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,952 | 4.75% |
| Bennettsville, SC (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,745 | 5.13% |
| Boone, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,050 | 4.44% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,157 | 4.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,708 | 4.63% |
| Marion, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,898 | 4.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,470 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,731 | 5.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,356 | 4.94% |
| Lake City, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,515 | 5.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,181 | 3.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,375 | 4.63% |
| Orangeburg, SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,560 | 4.94% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,140 | 4.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,506 | 4.69% |
| Palatka, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,009 | 5.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,465 | 5.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,310 | 4.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,236 | 4.75% |
| Wilson, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,958 | 4.88% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,118 | 5.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,987 | 4.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,717 | 4.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,915 | 4.63% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,195 | 5.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,338 | 4.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against RESOURCE FINANCIAL SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 144
Similarity Rank: 285
Similarity Rank: 416
Similarity Rank: 480
Similarity Rank: 561
Similarity Rank: 567
Similarity Rank: 738
Similarity Rank: 755
Similarity Rank: 756
Similarity Rank: 884
Product Mix
For 2018, Resource Financial Services's most frequently originated type of loan was Conventional, with 742 originations. Their 2nd most popular type was FHA, with 258 originations.
Loan Reason
For 2018, Resource Financial Services's most frequently cited loan purpose was Home Purchase, with 1,028 originations. The 2nd most popular reason was Refi, with 115 originations.
Loan Duration/Length
For 2018, Resource Financial Services's most frequently cited loan duration was 30 Year, with 1,052 originations. The 2nd most popular length was 15 Year, with 63 originations.
Origination Fees/Closing Costs
Resource Financial Services's average total fees were $4,591, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 644 originations.
Interest Rates
During 2018, Resource Financial Services's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 807 originations.
Loan Sizing
2018 saw Resource Financial Services place emphasis on $100k-200k loans with 494 originations, totaling $72,880,000 in origination value.
Applicant Income
Resource Financial Services lent most frequently to those with incomes in the $50k or less range, with 339 originations. The second most popular income band? $50k-75k, with 325 originations.
Applicant Debt to Income Ratio
Resource Financial Services lent most frequently to those with DTI ratios of 30-36%, with 207 originations. The next most common DTI ratio? 20-30%, with 193 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.40%
Resource Financial Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.44%
Resource Financial Services 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 |
|---|---|---|---|
| 150.0 | 1 | $15,000 | $15,000 |
| Exempt | 2 | $600,000 | $300,000 |
| NA | 1,162 | $225,910,000 | $194,415 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 8 | $800,000 | $100,000 |
| Single Family (1-4 Units):Site-Built | 1,157 | $225,725,000 | $195,095 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Resource Marketing Corp. LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |