William Raveis Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 5493009OLY1HC3F0SB77

Tax ID: 06-1297784

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Bridgeport, Hartford, New Haven, and Barnstable Town among others. We have data for 27 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
    Home Equity Line of Credit (HELOC) 3.77% 12/16/24
    30 Year Conventional Purchase 6.43% 12/16/24
    30 Year Conventional Refi 6.48% 12/16/24
    30 Year Cash-out Refi 6.71% 12/16/24
    30 Year FHA Purchase 7.04% 12/16/24
    30 Year USDA Purchase 6.90% 12/16/24
    15 Year Conventional Purchase 5.78% 12/16/24
    15 Year Conventional Refi 6.13% 12/16/24
    15 Year Cash-out Refi 6.13% 12/16/24
    15 Year FHA Purchase 7.62% 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.

    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

    1,659

    Origination Dollar Volume (All Markets)

    $467,655,000
    Show all (11) awards

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 267 $109,615,000 $410,543 $4,185 3.88%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 346 $108,380,000 $313,237 $5,304 3.91%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 425 $91,255,000 $214,718 $4,411 3.81%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 281 $63,725,000 $226,779 $4,499 3.84%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 83 $25,305,000 $304,880 $4,278 3.87%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 53 $21,545,000 $406,509 $4,951 3.84%
    Torrington, CT (FHA|USDA|VA) 69 $12,925,000 $187,319 $4,573 3.84%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 37 $7,675,000 $207,432 $4,419 4.02%
    WORCESTER, MA-CT (FHA|USDA|VA) 19 $5,175,000 $272,368 $4,038 3.84%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 16 $4,940,000 $308,750 $4,033 3.89%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $4,470,000 $372,500 $5,445 3.77%
    Lebanon, NH-VT (FHA|USDA|VA) 13 $3,165,000 $243,462 $4,011 3.97%
    SPRINGFIELD, MA (FHA|USDA|VA) 11 $2,675,000 $243,182 $3,809 4.02%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 5 $1,425,000 $285,000 $4,045 3.78%
    KINGSTON, NY (FHA|USDA|VA) 2 $820,000 $410,000 $4,394 3.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $800,000 $200,000 $4,326 3.94%
    Outside of Metro Areas 3 $755,000 $251,667 $4,015 4.04%
    PITTSFIELD, MA (FHA|USDA|VA) 2 $460,000 $230,000 $3,216 3.81%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,459 4.25%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $390,000 $195,000 $3,143 4.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,710 3.75%
    Hudson, NY (FHA|USDA|VA) 1 $375,000 $375,000 $4,146 3.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,269 3.63%
    Barre, VT (FHA|USDA|VA) 1 $265,000 $265,000 $3,630 3.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,338 3.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,374 3.75%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,851 3.88%
    William Raveis Mortgage's top markets include Boston, Bridgeport, Hartford, New Haven, and Barnstable Town 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.

    SOMERSET
    Similarity Rank: 26
    N C P D Federal Credit Union
    Similarity Rank: 56
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    Florence Bank
    Similarity Rank: 96
    Schuyler Savings Bank
    Similarity Rank: 104
    MID-HUDSON VALLEY
    Similarity Rank: 114
    Northfield Savings Bank
    Similarity Rank: 115
    The Torrington Savings Bank
    Similarity Rank: 115
    Rhode Island Credit Union
    Similarity Rank: 116
    Piscataqua Savings Bank
    Similarity Rank: 118

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,467 $418,715,000 $285,423 $4,038 3.88%
    FHA 188 $48,010,000 $255,372 $8,744 3.69%
    USDA 4 $930,000 $232,500 $7,019 3.78%

    For 2019, William Raveis Mortgage's most frequently originated type of loan was Conventional, with 1,467 originations. Their 2nd most popular type was FHA, with 188 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,369 $370,285,000 $270,478 $4,748 3.89%
    Refi 197 $69,345,000 $352,005 $3,770 3.67%
    Cash Out Refi 80 $24,880,000 $311,000 $3,835 3.86%
    Other 8 $1,780,000 $222,500 $3,517 4.03%
    Home Improvement 5 $1,365,000 $273,000 $3,552 3.83%

    For 2019, William Raveis Mortgage's most frequently cited loan purpose was Home Purchase, with 1,369 originations. The 2nd most popular reason was Refi, with 197 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,524 $428,470,000 $281,148 $4,654 3.90%
    15 Year 92 $26,510,000 $288,152 $3,767 3.34%
    20 Year 31 $9,055,000 $292,097 $3,687 3.54%
    Other 8 $2,880,000 $360,000 $3,545 3.69%
    10 Year 4 $740,000 $185,000 $3,263 3.09%

    For 2019, William Raveis Mortgage's most frequently cited loan duration was 30 Year, with 1,524 originations. The 2nd most popular length was 15 Year, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,355 $409,555,000 $302,255
    $2k-3k 137 $27,585,000 $201,350
    $<1k 73 $3,915,000 $53,630
    $3k-4k 62 $15,450,000 $249,194
    $4k-5k 21 $7,285,000 $346,905
    $5k+ 11 $3,865,000 $351,364

    William Raveis Mortgage's average total fees were $4,654, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,355 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,153 $332,175,000 $288,096
    4-5% 438 $121,880,000 $278,265
    2.5-3% 41 $8,325,000 $203,049
    5-6% 25 $5,175,000 $207,000
    <2.5% 1 $5,000 $5,000
    6-7% 1 $95,000 $95,000

    During 2019, William Raveis Mortgage's average interest rate for loans was 3.90%, while their most frequently originated rate bucket for loans was 3-4%, with 1,153 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 852 $247,280,000 $290,235 $4,868 3.85%
    $100k-200k 390 $61,210,000 $156,949 $4,306 3.93%
    $400k-600k 289 $134,655,000 $465,934 $4,858 3.83%
    $100,000 or less 97 $4,055,000 $41,804 $1,794 3.75%
    $600k-1MM 31 $20,455,000 $659,839 $6,154 4.02%

    2019 saw William Raveis Mortgage place emphasis on $200k-400k loans with 852 originations, totaling $247,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 405 $128,395,000 $317,025 $4,726 3.92%
    $50k-75k 355 $67,405,000 $189,873 $4,670 3.79%
    $150k-250k 342 $128,480,000 $375,673 $4,510 3.86%
    $75k-100k 314 $80,040,000 $254,904 $4,669 3.86%
    $50k or less 120 $16,490,000 $137,417 $4,031 3.83%
    $250k+ 116 $45,270,000 $390,259 $4,293 3.92%

    William Raveis Mortgage lent most frequently to those with incomes in the $100k-150k range, with 405 originations. The second most popular income band? $50k-75k, with 355 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 353 $105,545,000 $298,994 $4,166 3.83%
    30-36% 296 $83,800,000 $283,108 $4,343 3.84%
    <20% 99 $29,145,000 $294,394 $4,053 3.80%
    42% 80 $19,900,000 $248,750 $4,701 3.94%
    41% 75 $20,015,000 $266,867 $4,426 3.83%
    38% 71 $17,625,000 $248,239 $5,010 3.74%
    44% 69 $18,605,000 $269,638 $4,208 4.01%
    39% 65 $18,985,000 $292,077 $4,931 3.94%
    43% 65 $20,175,000 $310,385 $4,710 3.96%
    40% 61 $15,365,000 $251,885 $4,776 3.87%
    45% 60 $16,720,000 $278,667 $4,582 3.95%
    47% 59 $16,885,000 $286,186 $5,126 3.93%
    37% 58 $14,500,000 $250,000 $4,629 3.82%
    36% 56 $16,490,000 $294,464 $4,741 3.79%
    49% 51 $15,565,000 $305,196 $4,509 3.84%
    46% 48 $13,430,000 $279,792 $4,944 4.04%
    48% 48 $13,350,000 $278,125 $4,811 3.90%
    50-60% 44 $11,550,000 $262,500 $8,108 3.68%
    >60% 1 $5,000 $5,000 $200 3.25%

    William Raveis Mortgage lent most frequently to those with DTI ratios of 20-30%, with 353 originations. The next most common DTI ratio? 30-36%, with 296 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,306 $364,910,000 $279,410 $4,555 3.87%
    Not provided 213 $62,735,000 $294,531 $4,502 3.82%
    Asian 71 $23,525,000 $331,338 $4,243 3.87%
    Black 60 $13,790,000 $229,833 $5,611 3.83%
    American Indian 3 $675,000 $225,000 $5,854 3.38%
    Chinese 1 $475,000 $475,000 $4,326 3.38%
    Korean 1 $435,000 $435,000 $4,047 3.75%
    Asian Indian 1 $355,000 $355,000 $5,240 3.00%
    Filipino 1 $335,000 $335,000 $3,904 4.13%
    Other Asian 1 $285,000 $285,000 $9,566 3.63%
    Native Hawaiian or Islander 1 $135,000 $135,000 $5,938 4.13%

    Approval Rates

    Total approvals of all applications
    95.32%

    William Raveis Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    75.83%

    William Raveis Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,659 $467,655,000 $281,890

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,659 $467,655,000 $281,890

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $12,195,000 $221,727 $3,522 3.67%
    40-60% 141 $38,465,000 $272,801 $3,664 3.76%
    60-80% 465 $143,365,000 $308,312 $4,039 3.93%
    80-100% 942 $272,750,000 $289,544 $5,290 3.88%
    Under 20% 56 $880,000 $15,714 $434 3.49%