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 and Refi loans. William Raveis Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Bridgeport, Hartford, New Haven, and New York among others. We have data for 29 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 3.77% | 4/18/24 |
| 30 Year Conventional Purchase | 6.43% | 4/18/24 |
| 30 Year Conventional Refi | 6.48% | 4/18/24 |
| 30 Year Cash-out Refi | 6.71% | 4/18/24 |
| 30 Year FHA Purchase | 7.04% | 4/18/24 |
| 30 Year USDA Purchase | 6.90% | 4/18/24 |
| 15 Year Conventional Purchase | 5.78% | 4/18/24 |
| 15 Year Conventional Refi | 6.13% | 4/18/24 |
| 15 Year Cash-out Refi | 6.13% | 4/18/24 |
| 15 Year FHA Purchase | 7.62% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,872Origination Dollar Volume (All Markets)
$943,400,000Awards
WILLIAM RAVEIS MORTGAGE - 2020
WILLIAM RAVEIS MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 658 | $266,360,000 | $404,802 | $3,671 | 3.06% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 565 | $202,595,000 | $358,575 | $4,909 | 3.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 620 | $159,360,000 | $257,032 | $4,368 | 3.03% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 401 | $103,645,000 | $258,466 | $4,523 | 3.05% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 182 | $79,070,000 | $434,451 | $5,154 | 2.99% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 120 | $38,180,000 | $318,167 | $3,763 | 3.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 69 | $22,795,000 | $330,362 | $3,581 | 3.07% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 55 | $15,345,000 | $279,000 | $4,169 | 2.95% |
| Torrington, CT (FHA|USDA|VA) | 65 | $13,195,000 | $203,000 | $5,135 | 3.08% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 32 | $10,150,000 | $317,188 | $3,718 | 2.93% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 21 | $6,475,000 | $308,333 | $4,401 | 2.91% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 17 | $6,135,000 | $360,882 | $4,325 | 3.05% |
| Lebanon, NH-VT (FHA|USDA|VA) | 14 | $4,330,000 | $309,286 | $4,149 | 3.02% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 14 | $4,090,000 | $292,143 | $4,694 | 3.18% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,160,000 | $360,000 | $5,223 | 2.85% |
| Outside of Metro Areas | 6 | $1,560,000 | $260,000 | $4,621 | 3.17% |
| Cortland, NY (FHA|USDA|VA) | 3 | $1,475,000 | $491,667 | $5,804 | 2.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $3,060 | 2.98% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $5,051 | 2.79% |
| PITTSFIELD, MA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,641 | 2.88% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,972 | 2.94% |
| Rutland, VT (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,352 | 2.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,920 | 2.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,377 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,646 | 2.81% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,934 | 3.38% |
| Plattsburgh, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,185 | 3.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,747 | 2.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,212 | 2.88% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,703 | $898,795,000 | $332,518 | $4,042 | 3.04% |
| FHA | 166 | $43,710,000 | $263,313 | $9,214 | 2.92% |
| USDA | 3 | $895,000 | $298,333 | $6,868 | 3.25% |
For 2020, William Raveis Mortgage's most frequently originated type of loan was Conventional, with 2,703 originations. Their 2nd most popular type was FHA, with 166 originations.
Loan Reason
For 2020, William Raveis Mortgage's most frequently cited loan purpose was Home Purchase, with 1,716 originations. The 2nd most popular reason was Refi, with 930 originations.
Loan Duration/Length
For 2020, William Raveis Mortgage's most frequently cited loan duration was 30 Year, with 2,463 originations. The 2nd most popular length was 15 Year, with 268 originations.
Origination Fees/Closing Costs
William Raveis Mortgage's average total fees were $4,485, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,581 originations.
Interest Rates
During 2020, William Raveis Mortgage's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,487 originations.
Loan Sizing
2020 saw William Raveis Mortgage place emphasis on $200k-400k loans with 1,544 originations, totaling $456,360,000 in origination value.
Applicant Income
William Raveis Mortgage lent most frequently to those with incomes in the $100k-150k range, with 783 originations. The second most popular income band? $150k-250k, with 748 originations.
Applicant Debt to Income Ratio
William Raveis Mortgage lent most frequently to those with DTI ratios of 20-30%, with 730 originations. The next most common DTI ratio? 30-36%, with 555 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.89%
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 origination79.18%
William Raveis Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,872 | $943,400,000 | $328,482 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,872 | $943,400,000 | $328,482 |