William Raveis Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 5493009OLY1HC3F0SB77
Tax ID: 06-1297784
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Mortgage Data
Review & Overview
William Raveis Mortgage is a smaller mortgage company specializing in Home Purchase loans. William Raveis Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Hartford, Bridgeport, Boston, New Haven, and New York among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)William Raveis Mortgage 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. William Raveis Mortgage is typically an average 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 relatively high 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 |
---|---|---|
Home Equity Line of Credit (HELOC) | 3.77% | 10/7/24 |
30 Year Conventional Purchase | 6.43% | 10/7/24 |
30 Year Conventional Refi | 6.48% | 10/7/24 |
30 Year Cash-out Refi | 6.71% | 10/7/24 |
30 Year FHA Purchase | 7.04% | 10/7/24 |
30 Year USDA Purchase | 6.90% | 10/7/24 |
15 Year Conventional Purchase | 5.78% | 10/7/24 |
15 Year Conventional Refi | 6.13% | 10/7/24 |
15 Year Cash-out Refi | 6.13% | 10/7/24 |
15 Year FHA Purchase | 7.62% | 10/7/24 |
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. |
William Raveis Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from William Raveis Mortgage. 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
674Origination Dollar Volume (All Markets)
$210,730,000WILLIAM RAVEIS MORTGAGE - 2023
WILLIAM RAVEIS MORTGAGE is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
William Raveis Mortgage's average 30 year fixed mortgage rate was
6.26%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.22%.
Relative Fees (Closing Costs)
William Raveis Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,975.
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 $9,089.
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 |
---|---|---|---|---|---|
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 191 | $49,105,000 | $257,094 | $5,823 | 5.60% |
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 128 | $42,820,000 | $334,531 | $6,146 | 5.52% |
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 78 | $36,130,000 | $463,205 | $5,359 | 6.67% |
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 132 | $30,750,000 | $232,955 | $5,868 | 5.31% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 31 | $15,955,000 | $514,677 | $6,846 | 6.83% |
BARNSTABLE TOWN, MA (FHA|USDA|VA) | 18 | $6,720,000 | $373,333 | $6,013 | 6.87% |
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 12 | $5,570,000 | $464,167 | $9,715 | 6.60% |
NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 19 | $4,605,000 | $242,368 | $5,308 | 6.46% |
SPRINGFIELD, MA (FHA|USDA|VA) | 13 | $4,325,000 | $332,692 | $5,324 | 6.83% |
Torrington, CT (FHA|USDA|VA) | 22 | $4,100,000 | $186,364 | $5,430 | 4.44% |
WORCESTER, MA-CT (FHA|USDA|VA) | 5 | $2,135,000 | $427,000 | $5,988 | 6.58% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $2,015,000 | $403,000 | $6,129 | 7.23% |
Lebanon, NH-VT (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $11,925 | 7.30% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $7,507 | 7.16% |
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $10,337 | 7.56% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $5,067 | 7.00% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $8,706 | 6.50% |
Outside of Metro Areas | 3 | $585,000 | $195,000 | $5,591 | 7.17% |
Concord, NH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,842 | 5.38% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,996 | 6.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against WILLIAM RAVEIS MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 15
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 621 | $193,425,000 | $311,473 | $5,489 | 5.79% |
FHA | 53 | $17,305,000 | $326,509 | $11,166 | 6.29% |
For 2023, William Raveis Mortgage's most frequently originated type of loan was Conventional, with 621 originations. Their 2nd most popular type was FHA, with 53 originations.
Loan Reason
For 2023, William Raveis Mortgage's most frequently cited loan purpose was Home Purchase, with 655 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
For 2023, William Raveis Mortgage's most frequently cited loan duration was 30 Year, with 617 originations. The 2nd most popular length was 10 Year, with 45 originations.
Origination Fees/Closing Costs
William Raveis Mortgage's average total fees were $5,975, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 386 originations.
Interest Rates
During 2023, William Raveis Mortgage's average interest rate for loans was 6.26%, while their most frequently originated rate bucket for loans was 6-7%, with 350 originations.
Loan Sizing
2023 saw William Raveis Mortgage place emphasis on $200k-400k loans with 296 originations, totaling $86,220,000 in origination value.
Applicant Income
William Raveis Mortgage lent most frequently to those with incomes in the $100k-150k range, with 167 originations. The second most popular income band? $150k-250k, with 153 originations.
Applicant Debt to Income Ratio
William Raveis Mortgage lent most frequently to those with DTI ratios of 30-36%, with 133 originations. The next most common DTI ratio? 20-30%, with 94 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.82%
William Raveis Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination70.18%
William Raveis Mortgage has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 674 | $210,730,000 | $312,656 |