William Raveis Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493009OLY1HC3F0SB77

Tax ID: 06-1297784

5 stars - Updated: 4/5/25 - out of 5 stars, based on 31 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Boston, New York, Barnstable Town, Naples, and Springfield among others. We have data for 23 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 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 6.72% 4/5/25
    30 Year Conventional Refi 6.71% 4/5/25
    30 Year Cash-out Refi 6.93% 4/5/25
    30 Year FHA Purchase 7.26% 4/5/25
    30 Year FHA Refi 7.42% 4/5/25
    30 Year VA Purchase 6.55% 4/5/25
    15 Year Conventional Purchase 4.93% 4/5/25
    15 Year Conventional Refi 6.69% 4/5/25
    15 Year Cash-out Refi 6.69% 4/5/25
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from William Raveis Mortgage. 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

    944

    Origination Dollar Volume (All Markets)

    $317,640,000

    Awards

    WILLIAM RAVEIS MORTGAGE 30 Year Conventional Loans silver WILLIAM RAVEIS MORTGAGE 30 Year Conventional Loans bronze
    Show all (2) awards

    Relative Rate

    William Raveis Mortgage's average 30 year fixed mortgage rate was 6.55%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0%.

    Relative Fees (Closing Costs)

    William Raveis Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $6,200.

    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 $8,356.

    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
    Outside of Metro Areas 645 $181,785,000 $281,837 $6,037 5.57%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 129 $65,225,000 $505,620 $6,029 6.76%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 47 $22,115,000 $470,532 $6,721 6.61%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 31 $14,485,000 $467,258 $6,023 6.92%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 19 $8,655,000 $455,526 $7,409 6.77%
    SPRINGFIELD, MA (FHA|USDA|VA) 28 $6,870,000 $245,357 $6,725 5.78%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $3,310,000 $413,750 $6,628 7.02%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $3,165,000 $452,143 $7,391 6.98%
    Lebanon, NH-VT (FHA|USDA|VA) 5 $1,885,000 $377,000 $8,962 7.48%
    WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,700,000 $425,000 $4,967 6.81%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,650,000 $825,000 $9,602 7.06%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,640,000 $273,333 $5,710 6.68%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,435,000 $478,333 $9,013 7.08%
    KINGSTON, NY (FHA|USDA|VA) 1 $715,000 $715,000 $9,379 6.50%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $505,000 $505,000 $4,561 6.63%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $465,000 $465,000 $17,321 6.25%
    Laconia, NH (FHA|USDA|VA) 1 $455,000 $455,000 $4,887 6.63%
    Bennington, VT (FHA|USDA|VA) 1 $435,000 $435,000 $8,553 7.63%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $385,000 $385,000 $4,843 8.13%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $325,000 $325,000 $0 7.13%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,714 7.13%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,430 6.00%
    Amsterdam, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.88%
    William Raveis Mortgage's top markets include Boston, New York, Barnstable Town, Naples, and Springfield among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)

    • 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.

    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 35
    Northfield Savings Bank
    Similarity Rank: 40
    Florence Bank
    Similarity Rank: 48
    OCEAN STATE CREDIT UNION
    Similarity Rank: 63
    Columbia Bank
    Similarity Rank: 64
    SOMERSET
    Similarity Rank: 72
    POLISH NATIONAL
    Similarity Rank: 77
    Greenfield Savings Bank
    Similarity Rank: 80
    Rhinebeck Bank
    Similarity Rank: 96
    LUSO
    Similarity Rank: 96

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 880 $291,650,000 $331,420 $5,619 5.88%
    FHA 62 $24,780,000 $399,677 $13,045 6.49%
    VA 2 $1,210,000 $605,000 $19,933 6.44%

    For 2024, William Raveis Mortgage's most frequently originated type of loan was Conventional, with 880 originations. Their 2nd most popular type was FHA, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 902 $302,070,000 $334,889 $6,202 5.88%
    Cash Out Refi 15 $5,445,000 $363,000 $6,341 7.07%
    Refi 14 $6,000,000 $428,571 $5,856 6.71%
    Other 8 $2,280,000 $285,000 $4,814 7.11%
    Home Improvement 5 $1,845,000 $369,000 $5,254 7.18%

    For 2024, William Raveis Mortgage's most frequently cited loan purpose was Home Purchase, with 902 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 833 $306,525,000 $367,977 $6,200 6.55%
    10 Year 87 $3,655,000 $42,011 $11,796 0.07%
    15 Year 17 $5,665,000 $333,235 $5,315 5.18%
    20 Year 7 $1,795,000 $256,429 $5,168 6.09%

    For 2024, William Raveis Mortgage's most frequently cited loan duration was 30 Year, with 833 originations. The 2nd most popular length was 10 Year, with 87 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 600 $234,960,000 $391,600
    $5k+ 58 $27,640,000 $476,552
    $2k-3k 57 $18,205,000 $319,386
    $<1k 50 $740,000 $14,800
    $3k-4k 32 $11,220,000 $350,625
    $4k-5k 22 $7,680,000 $349,091

    William Raveis Mortgage's average total fees were $6,200, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 600 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 577 $215,335,000 $373,198
    7-8% 150 $69,130,000 $460,867
    <2.5% 103 $3,345,000 $32,476
    5-6% 67 $24,825,000 $370,522
    4-5% 42 $2,530,000 $60,238
    Over 8% 5 $2,475,000 $495,000

    During 2024, William Raveis Mortgage's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 6-7%, with 577 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 373 $111,255,000 $298,271 $6,063 6.68%
    $400k-600k 225 $109,145,000 $485,089 $7,276 6.76%
    $100,000 or less 146 $4,390,000 $30,068 $922 1.68%
    $600k-1MM 110 $76,630,000 $696,636 $7,752 6.75%
    $100k-200k 88 $13,970,000 $158,750 $5,173 6.57%
    $1MM+ 2 $2,250,000 $1,125,000 $14,537 6.87%

    2024 saw William Raveis Mortgage place emphasis on $200k-400k loans with 373 originations, totaling $111,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 224 $76,420,000 $341,161 $6,312 6.31%
    $75k-100k 221 $43,825,000 $198,303 $5,062 4.88%
    $150k-250k 219 $102,555,000 $468,288 $7,067 6.85%
    $250k+ 131 $72,565,000 $553,931 $7,084 6.85%
    $50k-75k 120 $19,400,000 $161,667 $5,045 4.82%
    $50k or less 29 $2,875,000 $99,138 $4,898 4.39%

    William Raveis Mortgage lent most frequently to those with incomes in the $100k-150k range, with 224 originations. The second most popular income band? $75k-100k, with 221 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 158 $54,610,000 $345,633 $5,771 5.96%
    20-30% 126 $48,610,000 $385,794 $6,352 6.64%
    49% 64 $20,540,000 $320,938 $5,870 5.32%
    44% 62 $15,830,000 $255,323 $6,194 5.22%
    40% 51 $15,785,000 $309,510 $5,264 5.76%
    48% 48 $14,930,000 $311,042 $6,155 5.74%
    36% 45 $14,285,000 $317,444 $5,536 6.03%
    39% 44 $13,380,000 $304,091 $5,494 5.58%
    42% 43 $12,805,000 $297,791 $6,059 5.86%
    <20% 42 $14,990,000 $356,905 $6,101 6.64%
    43% 42 $12,230,000 $291,190 $5,913 5.54%
    46% 38 $12,080,000 $317,895 $5,979 5.59%
    45% 37 $12,265,000 $331,486 $6,046 5.67%
    47% 37 $12,345,000 $333,649 $6,542 5.61%
    41% 35 $13,585,000 $388,143 $6,435 5.90%
    38% 32 $13,120,000 $410,000 $5,420 6.36%
    50-60% 23 $10,025,000 $435,870 $14,147 6.60%
    37% 17 $6,225,000 $366,176 $6,357 6.32%

    William Raveis Mortgage lent most frequently to those with DTI ratios of 30-36%, with 158 originations. The next most common DTI ratio? 20-30%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 683 $227,935,000 $333,726 $6,033 5.99%
    Not provided 162 $58,720,000 $362,469 $6,677 5.90%
    Asian 46 $18,810,000 $408,913 $6,464 6.22%
    Black 46 $10,450,000 $227,174 $6,339 4.76%
    American Indian 7 $1,725,000 $246,429 $7,016 5.39%

    Approval Rates

    Total approvals of all applications
    90.49%

    William Raveis Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.65%

    William Raveis Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 944 $317,640,000 $336,483

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    944 $317,640,000 $336,483

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 56 $13,440,000 $240,000 $5,237 5.89%
    40-60% 105 $34,205,000 $325,762 $5,704 6.52%
    60-80% 251 $107,325,000 $427,590 $6,196 6.81%
    80-100% 389 $157,415,000 $404,666 $7,172 6.69%
    Over 100% 1 $435,000 $435,000 $19,495 6.75%
    Under 20% 142 $4,820,000 $33,944 $1,197 1.82%