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 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.

    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

    2,872

    Origination Dollar Volume (All Markets)

    $943,400,000
    Show all (15) 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) 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%
    William Raveis Mortgage's top markets include Boston, Bridgeport, Hartford, New Haven, and New York among others.

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

    The First National Bank of Long Island
    Similarity Rank: 134
    Northfield Savings Bank
    Similarity Rank: 160
    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
    Similarity Rank: 169
    Florence Bank
    Similarity Rank: 174
    North Jersey Federal Credit Union
    Similarity Rank: 247
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 259
    Stafford Savings Bank
    Similarity Rank: 266

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,716 $554,520,000 $323,147 $4,928 3.02%
    Refi 930 $314,990,000 $338,699 $3,419 3.00%
    Cash Out Refi 211 $68,655,000 $325,379 $3,731 3.26%
    Other 11 $3,615,000 $328,636 $4,731 3.50%
    Home Improvement 4 $1,620,000 $405,000 $5,704 3.16%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,463 $819,925,000 $332,897 $4,485 3.07%
    15 Year 268 $79,370,000 $296,157 $3,586 2.64%
    20 Year 100 $32,750,000 $327,500 $3,453 3.01%
    Other 30 $9,380,000 $312,667 $3,179 3.09%
    10 Year 11 $1,975,000 $179,545 $3,320 2.81%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,581 $856,985,000 $332,036
    $2k-3k 125 $37,105,000 $296,840
    $3k-4k 73 $21,495,000 $294,452
    $5k+ 35 $15,875,000 $453,571
    $<1k 29 $775,000 $26,724
    $4k-5k 29 $11,165,000 $385,000

    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

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,487 $492,725,000 $331,355
    3-4% 1,082 $359,850,000 $332,579
    <2.5% 251 $78,215,000 $311,614
    4-5% 44 $10,980,000 $249,545
    5-6% 8 $1,630,000 $203,750

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,544 $456,360,000 $295,570 $4,261 3.01%
    $400k-600k 706 $334,640,000 $473,994 $4,574 3.02%
    $100k-200k 438 $69,770,000 $159,292 $3,974 3.10%
    $600k-1MM 116 $79,060,000 $681,552 $5,859 3.12%
    $100,000 or less 68 $3,570,000 $52,500 $3,423 3.14%

    2020 saw William Raveis Mortgage place emphasis on $200k-400k loans with 1,544 originations, totaling $456,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 783 $259,495,000 $331,411 $4,268 3.04%
    $150k-250k 748 $299,940,000 $400,989 $4,235 3.02%
    $75k-100k 492 $137,080,000 $278,618 $4,273 3.06%
    $50k-75k 460 $101,950,000 $221,630 $4,608 3.01%
    $250k+ 267 $123,785,000 $463,614 $4,499 3.01%
    $50k or less 110 $17,450,000 $158,636 $4,628 2.99%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 730 $248,150,000 $339,932 $4,057 3.01%
    30-36% 555 $178,515,000 $321,649 $4,136 3.02%
    <20% 294 $99,800,000 $339,456 $3,806 2.97%
    38% 120 $40,510,000 $337,583 $4,489 3.08%
    39% 109 $35,365,000 $324,450 $4,815 3.05%
    42% 107 $31,605,000 $295,374 $4,322 3.07%
    37% 103 $32,455,000 $315,097 $4,396 3.03%
    36% 103 $33,175,000 $322,087 $4,370 3.04%
    41% 93 $29,305,000 $315,108 $4,371 3.04%
    43% 92 $29,000,000 $315,217 $4,540 3.06%
    44% 90 $29,910,000 $332,333 $4,980 3.07%
    40% 86 $28,670,000 $333,372 $4,770 3.20%
    47% 80 $24,990,000 $312,375 $4,880 3.01%
    46% 75 $24,895,000 $331,933 $4,978 3.04%
    49% 69 $21,575,000 $312,681 $4,592 3.11%
    45% 64 $22,260,000 $347,813 $4,043 3.06%
    48% 55 $20,195,000 $367,182 $4,575 3.03%
    50-60% 46 $12,720,000 $276,522 $8,623 2.99%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,301 $757,385,000 $329,155 $4,317 3.03%
    Not provided 331 $106,855,000 $322,825 $4,143 3.01%
    Asian 139 $48,465,000 $348,669 $4,446 3.02%
    Black 81 $23,255,000 $287,099 $5,647 3.02%
    Asian Indian 5 $2,255,000 $451,000 $4,280 3.13%
    American Indian 6 $1,830,000 $305,000 $5,003 3.13%
    Native Hawaiian or Islander 4 $1,000,000 $250,000 $3,340 2.81%
    Other Asian 2 $930,000 $465,000 $12,438 3.31%
    Chinese 1 $485,000 $485,000 $4,842 3.25%
    Korean 1 $475,000 $475,000 $4,180 2.75%
    Other Pacific Islander 1 $465,000 $465,000 $6,301 2.50%

    Approval Rates

    Total approvals of all applications
    95.89%

    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 origination
    79.18%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 117 $31,895,000 $272,607 $3,876 2.86%
    40-60% 377 $121,185,000 $321,446 $3,562 2.91%
    60-80% 1,110 $387,970,000 $349,523 $3,892 3.08%
    80-100% 1,234 $400,680,000 $324,700 $5,049 3.04%
    Under 20% 34 $1,670,000 $49,118 $3,147 2.79%