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: Boston, Bridgeport, Hartford, New York, and New Haven among others. We have data for 38 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 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% | 4/21/24 |
| 30 Year Conventional Purchase | 6.43% | 4/21/24 |
| 30 Year Conventional Refi | 6.48% | 4/21/24 |
| 30 Year Cash-out Refi | 6.71% | 4/21/24 |
| 30 Year FHA Purchase | 7.04% | 4/21/24 |
| 30 Year USDA Purchase | 6.90% | 4/21/24 |
| 15 Year Conventional Purchase | 5.78% | 4/21/24 |
| 15 Year Conventional Refi | 6.13% | 4/21/24 |
| 15 Year Cash-out Refi | 6.13% | 4/21/24 |
| 15 Year FHA Purchase | 7.62% | 4/21/24 |
| 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
2,056Origination Dollar Volume (All Markets)
$725,860,000Awards
WILLIAM RAVEIS MORTGAGE - 2021
WILLIAM RAVEIS MORTGAGE is a 2021 , due to their low .
For 2021, 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) | 420 | $187,370,000 | $446,119 | $4,088 | 2.98% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 361 | $134,355,000 | $372,175 | $5,049 | 2.94% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 445 | $123,175,000 | $276,798 | $4,504 | 2.93% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 165 | $86,805,000 | $526,091 | $5,839 | 2.95% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 294 | $80,120,000 | $272,517 | $4,794 | 2.97% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 83 | $28,745,000 | $346,325 | $4,278 | 2.90% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 62 | $16,610,000 | $267,903 | $4,571 | 2.94% |
| Torrington, CT (FHA|USDA|VA) | 65 | $15,255,000 | $234,692 | $4,893 | 2.84% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 34 | $10,740,000 | $315,882 | $4,329 | 3.07% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 30 | $10,070,000 | $335,667 | $4,087 | 2.96% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 16 | $6,220,000 | $388,750 | $6,181 | 2.98% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 18 | $4,730,000 | $262,778 | $4,920 | 2.97% |
| Outside of Metro Areas | 8 | $4,110,000 | $513,750 | $7,562 | 3.09% |
| Lebanon, NH-VT (FHA|USDA|VA) | 9 | $2,895,000 | $321,667 | $4,964 | 3.26% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,550,000 | $318,750 | $4,612 | 3.03% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 7 | $2,205,000 | $315,000 | $4,586 | 2.96% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,705,000 | $568,333 | $6,409 | 2.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,227 | 2.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,905 | 2.83% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $13,171 | 2.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $8,559 | 2.75% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,604 | 3.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,819 | 2.94% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,209 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,821 | 3.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,076 | 2.75% |
| Laconia, NH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,758 | 3.38% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,365 | 2.50% |
| Hudson, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,457 | 2.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,153 | 2.88% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,950 | 3.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,496 | 3.25% |
| Concord, NH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,515 | 2.63% |
| Barre, VT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,163 | 2.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,018 | 3.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,301 | 2.25% |
| Bennington, VT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,041 | 3.50% |
| Berlin, NH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,311 | 3.00% |
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 | 1,920 | $686,140,000 | $357,365 | $4,343 | 2.97% |
| FHA | 136 | $39,720,000 | $292,059 | $9,431 | 2.68% |
For 2021, William Raveis Mortgage's most frequently originated type of loan was Conventional, with 1,920 originations. Their 2nd most popular type was FHA, with 136 originations.
Loan Reason
For 2021, William Raveis Mortgage's most frequently cited loan purpose was Home Purchase, with 1,443 originations. The 2nd most popular reason was Refi, with 399 originations.
Loan Duration/Length
For 2021, William Raveis Mortgage's most frequently cited loan duration was 30 Year, with 1,827 originations. The 2nd most popular length was 15 Year, with 146 originations.
Origination Fees/Closing Costs
William Raveis Mortgage's average total fees were $4,833, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,753 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,104 | $407,850,000 | $369,429 |
| 3-4% | 694 | $240,830,000 | $347,017 |
| <2.5% | 241 | $73,035,000 | $303,050 |
| 4-5% | 17 | $4,145,000 | $243,824 |
During 2021, William Raveis Mortgage's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,104 originations.
Loan Sizing
2021 saw William Raveis Mortgage place emphasis on $200k-400k loans with 1,022 originations, totaling $298,210,000 in origination value.
Applicant Income
William Raveis Mortgage lent most frequently to those with incomes in the $100k-150k range, with 520 originations. The second most popular income band? $150k-250k, with 480 originations.
Applicant Debt to Income Ratio
William Raveis Mortgage lent most frequently to those with DTI ratios of 20-30%, with 494 originations. The next most common DTI ratio? 30-36%, with 366 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.87%
William Raveis Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination78.70%
William Raveis Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,056 | $725,860,000 | $353,045 |