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. Their top markets by origination volume include: Columbia, Raleigh, Jacksonville, Greenville, and Huntsville among others. We have data for 64 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
1,714Origination Dollar Volume (All Markets)
$383,370,000Awards
RESOURCE FINANCIAL SERVICES - 2019
RESOURCE FINANCIAL SERVICES is a 2019 , due to their low .
For 2019, 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) | 413 | $91,045,000 | $220,448 | $4,343 | 4.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 244 | $69,830,000 | $286,189 | $3,330 | 3.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 245 | $46,605,000 | $190,224 | $4,883 | 4.33% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 85 | $22,105,000 | $260,059 | $4,323 | 4.06% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 71 | $21,985,000 | $309,648 | $4,635 | 3.96% |
| SUMTER, SC (FHA|USDA|VA) | 153 | $18,405,000 | $120,294 | $5,088 | 3.91% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 63 | $17,485,000 | $277,540 | $3,517 | 3.95% |
| WILMINGTON, NC (FHA|USDA|VA) | 43 | $11,105,000 | $258,256 | $5,944 | 4.22% |
| Outside of Metro Areas | 50 | $11,070,000 | $221,400 | $4,624 | 3.83% |
| SPARTANBURG, SC (FHA|USDA|VA) | 50 | $9,230,000 | $184,600 | $4,654 | 4.23% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 30 | $9,220,000 | $307,333 | $3,963 | 3.90% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 26 | $6,530,000 | $251,154 | $4,770 | 3.98% |
| MOBILE, AL (FHA|USDA|VA) | 31 | $5,115,000 | $165,000 | $4,367 | 3.99% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 19 | $4,915,000 | $258,684 | $4,282 | 4.16% |
| FLORENCE, SC (FHA|USDA|VA) | 34 | $4,450,000 | $130,882 | $5,149 | 3.67% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 12 | $2,440,000 | $203,333 | $4,456 | 4.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 9 | $2,395,000 | $266,111 | $6,426 | 4.43% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 9 | $2,195,000 | $243,889 | $3,968 | 4.06% |
| Orangeburg, SC (FHA|USDA|VA) | 13 | $2,145,000 | $165,000 | $5,442 | 4.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $1,980,000 | $330,000 | $7,521 | 3.79% |
| NEW BERN, NC (FHA|USDA|VA) | 10 | $1,700,000 | $170,000 | $3,611 | 4.71% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $4,975 | 4.30% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $3,447 | 4.06% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $2,899 | 3.91% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $3,598 | 4.50% |
| Newberry, SC (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $3,609 | 3.58% |
| Gaffney, SC (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $5,478 | 4.15% |
| Bennettsville, SC (FHA|USDA|VA) | 8 | $790,000 | $98,750 | $3,845 | 3.67% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $4,379 | 3.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $2,680 | 4.88% |
| Marion, NC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,370 | 3.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $2,425 | 4.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $11,010 | 4.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,031 | 4.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $2,918 | 2.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,205 | 4.46% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,769 | 3.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,349 | 3.50% |
| Brevard, NC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,913 | 3.94% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $10,959 | 5.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $6,611 | 3.96% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $5,207 | 4.00% |
| OCALA, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,342 | 4.46% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,422 | 3.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $4,300 | 4.17% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,291 | 3.00% |
| Palatka, FL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $4,482 | 4.42% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,155 | 4.25% |
| Boone, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,246 | 3.13% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,013 | 3.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,644 | 3.81% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,639 | 3.63% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,744 | 4.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,269 | 4.50% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,964 | 4.38% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,172 | 4.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $8,100 | 5.50% |
| Lake City, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,086 | 3.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,404 | 4.75% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,968 | 3.75% |
| Forest City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,235 | 4.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,559 | 3.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,987 | 3.75% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,189 | 5.00% |
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: 114
Similarity Rank: 265
Similarity Rank: 402
Similarity Rank: 519
Similarity Rank: 630
Similarity Rank: 874
Similarity Rank: 1008
Similarity Rank: 1078
Similarity Rank: 1159
Similarity Rank: 1176
Product Mix
For 2019, Resource Financial Services's most frequently originated type of loan was Conventional, with 1,126 originations. Their 2nd most popular type was FHA, with 307 originations.
Loan Reason
For 2019, Resource Financial Services's most frequently cited loan purpose was Home Purchase, with 1,394 originations. The 2nd most popular reason was Refi, with 216 originations.
Loan Duration/Length
For 2019, Resource Financial Services's most frequently cited loan duration was 30 Year, with 1,516 originations. The 2nd most popular length was 15 Year, with 112 originations.
Origination Fees/Closing Costs
Resource Financial Services's average total fees were $4,515, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,089 originations.
Interest Rates
During 2019, Resource Financial Services's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 3-4%, with 807 originations.
Loan Sizing
2019 saw Resource Financial Services place emphasis on $200k-400k loans with 802 originations, totaling $223,660,000 in origination value.
Applicant Income
Resource Financial Services lent most frequently to those with incomes in the $50k-75k range, with 414 originations. The second most popular income band? $50k or less, with 390 originations.
Applicant Debt to Income Ratio
Resource Financial Services lent most frequently to those with DTI ratios of 20-30%, with 328 originations. The next most common DTI ratio? 30-36%, with 296 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.03%
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 origination75.90%
Resource Financial Services has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,714 | $383,370,000 | $223,670 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 23 | $2,805,000 | $121,957 |
| Single Family (1-4 Units):Site-Built | 1,691 | $380,565,000 | $225,053 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Resurgent Capital Services L.P. | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| Resurgent Capital Services L.P. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |