Mortgage Research Center Rates, Fees & Info

Columbia, MO

LEI: 549300DD5QQUHO6PCH70

Tax ID: 43-1965151

2020 Data | 2019 Data | 2018 Data


Overview

Mortgage Research Center is a large mortgage company specializing in Home Purchase and Refi loans. Mortgage Research Center has a low ratio 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 include Washington, Virginia Beach, Clarksville, Atlanta, and San Diego among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Mortgage Research Center is typically an average fee lendor.


Originations

94,134

Origination Dollar Volume (All Markets)

$25,894,640,000

Relative Rate

Mortgage Research Center 's average 30 year fixed rate mortgage was 3.07%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.29%.

Relative Fees

Mortgage Research Center 's average total fees for a 30 year fixed rate mortgage are $5,182.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
VA 90,634 $25,174,850,000 $277,764 $5,221 3.06%
Conventional 2,248 $477,220,000 $212,286 $3,252 3.11%
FHA 1,140 $226,620,000 $198,789 $4,966 3.20%
USDA 112 $15,950,000 $142,411 $1,926 3.12%

For the 2020 period, Mortgage Research Center 's most frequently originated loan type was VA, with 90,634 originations. Their 2nd most popular type is Conventional, with 2,248 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 66,954 $18,481,010,000 $276,025 $6,057 3.08%
Refi 22,476 $6,151,840,000 $273,707 $2,069 3.01%
Cash Out Refi 4,704 $1,261,790,000 $268,238 $7,299 3.11%

For the 2020, Mortgage Research Center 's most frequently cited loan purpose was Home Purchase, with 66,954 originations. The 2nd most popular reason was Refi, with 22,476 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 92,961 $25,665,335,000 $276,087 $5,182 3.07%
15 Year 733 $133,615,000 $182,285 $4,108 2.93%
20 Year 263 $53,475,000 $203,327 $4,103 3.04%
Other 177 $42,215,000 $238,503 $3,458 2.92%

For the 2020, Mortgage Research Center 's most frequently cited loan length was 30 Year, with 92,961 originations. The 2nd most popular length was 15 Year, with 733 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 66,750 $17,289,600,000 $259,020
$2k-3k 10,305 $3,310,145,000 $321,217
$1k-2k 9,245 $2,222,265,000 $240,375
$3k-4k 5,032 $1,776,300,000 $353,001
$5k+ 2,802 $1,296,330,000 $462,645

$5,182 was Mortgage Research Center 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 66,750 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 14,105 $3,126,965,000 $221,692 $4,061 3.09%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 1,978 $869,130,000 $439,398 $7,310 3.04%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 2,701 $772,315,000 $285,937 $5,597 2.98%
CLARKSVILLE, TN-KY 2,344 $550,280,000 $234,761 $4,056 2.89%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,916 $539,840,000 $281,754 $4,807 3.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 870 $454,650,000 $522,586 $10,252 2.97%
PHOENIX-MESA-CHANDLER, AZ 1,358 $409,170,000 $301,303 $5,792 3.08%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 918 $360,200,000 $392,375 $7,206 3.09%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,239 $350,565,000 $282,942 $5,531 3.07%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,212 $344,070,000 $283,886 $6,205 3.08%
SAN ANTONIO-NEW BRAUNFELS, TX 1,202 $335,720,000 $279,301 $5,840 3.02%
LAS VEGAS-HENDERSON-PARADISE, NV 1,016 $329,710,000 $324,518 $5,846 3.07%
ST. LOUIS, MO-IL 1,365 $319,575,000 $234,121 $4,089 3.05%
BALTIMORE-COLUMBIA-TOWSON, MD 868 $302,840,000 $348,894 $5,930 3.06%
COLORADO SPRINGS, CO 896 $301,630,000 $336,641 $6,538 3.04%
TACOMA-LAKEWOOD, WA 770 $288,520,000 $374,701 $6,438 3.02%
CHICAGO-NAPERVILLE-EVANSTON, IL 1,031 $284,435,000 $275,883 $5,339 3.07%
FAYETTEVILLE, NC 1,379 $281,125,000 $203,861 $4,717 3.06%
DENVER-AURORA-LAKEWOOD, CO 642 $262,740,000 $409,252 $7,193 3.04%
DALLAS-PLANO-IRVING, TX 798 $256,620,000 $321,579 $6,313 3.08%
JACKSONVILLE, FL 910 $246,090,000 $270,429 $6,461 3.09%
LOS ANGELES-LONG BEACH-GLENDALE, CA 453 $245,515,000 $541,976 $9,466 3.02%
SEATTLE-BELLEVUE-KENT, WA 487 $234,845,000 $482,228 $7,410 2.98%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 789 $225,385,000 $285,659 $4,878 3.10%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 589 $218,595,000 $371,129 $5,574 3.01%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 669 $213,015,000 $318,408 $5,525 3.01%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 744 $211,760,000 $284,624 $4,610 3.05%
URBAN HONOLULU, HI 353 $205,185,000 $581,261 $11,451 2.77%
KANSAS CITY, MO-KS 792 $192,170,000 $242,639 $3,916 3.11%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 655 $191,955,000 $293,061 $6,013 3.09%
ORLANDO-KISSIMMEE-SANFORD, FL 611 $185,235,000 $303,167 $6,542 3.11%
OMAHA-COUNCIL BLUFFS, NE-IA 731 $173,945,000 $237,955 $4,062 3.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 492 $171,480,000 $348,537 $7,024 2.99%
KILLEEN-TEMPLE, TX 813 $170,105,000 $209,231 $4,948 3.05%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 404 $165,700,000 $410,149 $6,847 3.06%
AUGUSTA-RICHMOND COUNTY, GA-SC 683 $160,895,000 $235,571 $4,267 3.04%
OKLAHOMA CITY, OK 674 $152,420,000 $226,142 $4,190 3.07%
INDIANAPOLIS-CARMEL-ANDERSON, IN 677 $152,235,000 $224,867 $3,867 3.11%
RALEIGH-CARY, NC 482 $148,820,000 $308,755 $5,756 3.10%
SAVANNAH, GA 591 $147,015,000 $248,756 $5,092 3.02%
NEW BRUNSWICK-LAKEWOOD, NJ 444 $146,380,000 $329,685 $6,270 3.07%
CINCINNATI, OH-KY-IN 577 $134,705,000 $233,458 $4,441 3.11%
OAKLAND-BERKELEY-LIVERMORE, CA 208 $129,700,000 $623,558 $12,132 3.00%
RICHMOND, VA 441 $128,615,000 $291,644 $4,835 3.11%
CHARLESTON-NORTH CHARLESTON, SC 452 $127,000,000 $280,973 $5,081 3.02%
OLYMPIA-LACEY-TUMWATER, WA 342 $122,140,000 $357,135 $6,813 3.01%
COLUMBUS, OH 487 $118,885,000 $244,117 $4,876 3.10%
ANCHORAGE, AK 347 $114,115,000 $328,862 $5,409 3.00%
WARREN-TROY-FARMINGTON HILLS, MI 445 $110,555,000 $248,438 $4,786 3.08%
PROVIDENCE-WARWICK, RI-MA 352 $110,050,000 $312,642 $5,050 3.07%
CAMDEN, NJ 428 $109,590,000 $256,051 $4,817 3.08%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 254 $109,300,000 $430,315 $7,407 3.02%
PENSACOLA-FERRY PASS-BRENT, FL 432 $108,070,000 $250,162 $6,092 3.09%
MEMPHIS, TN-MS-AR 427 $106,035,000 $248,326 $4,675 3.13%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 239 $105,375,000 $440,900 $9,432 3.03%
JACKSONVILLE, NC 508 $105,080,000 $206,850 $4,695 3.10%
PITTSBURGH, PA 460 $100,610,000 $218,717 $4,482 3.09%
TUCSON, AZ 385 $100,475,000 $260,974 $5,727 3.07%
NEWARK, NJ-PA 280 $98,950,000 $353,393 $6,299 3.08%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 273 $98,295,000 $360,055 $7,829 3.09%
ANAHEIM-SANTA ANA-IRVINE, CA 158 $95,940,000 $607,215 $9,800 2.96%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 297 $94,415,000 $317,896 $6,281 3.05%
COLUMBIA, SC 408 $93,990,000 $230,368 $4,440 3.06%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 251 $93,635,000 $373,048 $6,220 2.99%
BOSTON, MA 205 $92,595,000 $451,683 $8,602 3.04%
ALBUQUERQUE, NM 349 $91,655,000 $262,622 $4,871 3.06%
PALM BAY-MELBOURNE-TITUSVILLE, FL 316 $89,690,000 $283,829 $6,086 3.09%
BOISE CITY, ID 278 $88,870,000 $319,676 $6,912 3.06%
ELIZABETHTOWN-FORT KNOX, KY 363 $87,805,000 $241,887 $4,123 2.99%
CLEVELAND-ELYRIA, OH 422 $87,450,000 $207,227 $4,500 3.12%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 349 $87,015,000 $249,327 $5,530 3.10%
MILWAUKEE-WAUKESHA, WI 330 $86,830,000 $263,121 $4,330 3.04%
EL PASO, TX 430 $86,600,000 $201,395 $5,271 3.04%
GREENVILLE-ANDERSON, SC 350 $85,450,000 $244,143 $4,626 3.09%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 394 $85,010,000 $215,761 $3,559 3.12%
DAYTON-KETTERING, OH 393 $82,955,000 $211,081 $4,507 3.07%
HINESVILLE, GA 427 $82,355,000 $192,869 $3,926 3.03%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 305 $81,755,000 $268,049 $4,779 3.09%
HUNTSVILLE, AL 284 $79,390,000 $279,542 $4,774 3.08%
NEW ORLEANS-METAIRIE, LA 310 $79,350,000 $255,968 $4,974 3.11%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 323 $78,215,000 $242,152 $4,443 3.07%
SPOKANE-SPOKANE VALLEY, WA 263 $76,175,000 $289,639 $4,742 3.04%
OGDEN-CLEARFIELD, UT 237 $75,315,000 $317,785 $5,757 3.10%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 159 $73,725,000 $463,679 $8,843 3.08%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 293 $73,605,000 $251,212 $4,920 3.08%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 304 $72,170,000 $237,401 $4,493 3.07%
WORCESTER, MA-CT 225 $69,335,000 $308,156 $6,122 3.09%
TULSA, OK 307 $67,845,000 $220,993 $3,995 3.13%
NORTH PORT-SARASOTA-BRADENTON, FL 240 $67,280,000 $280,333 $6,790 3.03%
KNOXVILLE, TN 268 $67,110,000 $250,410 $4,393 3.08%
BIRMINGHAM-HOOVER, AL 270 $66,470,000 $246,185 $4,203 3.08%
COLUMBIA, MO 282 $65,900,000 $233,688 $3,440 3.01%
LAWTON, OK 340 $65,140,000 $191,588 $3,612 3.08%
LAKELAND-WINTER HAVEN, FL 269 $64,795,000 $240,874 $4,942 3.12%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 245 $64,725,000 $264,184 $6,495 3.10%
COLUMBUS, GA-AL 294 $64,370,000 $218,946 $4,175 3.09%
OXNARD-THOUSAND OAKS-VENTURA, CA 109 $63,075,000 $578,670 $9,884 3.01%
VALDOSTA, GA 322 $62,730,000 $194,814 $4,137 3.04%
SALT LAKE CITY, UT 176 $62,620,000 $355,795 $5,255 3.07%
VALLEJO, CA 127 $60,315,000 $474,921 $9,083 3.13%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 183 $59,175,000 $323,361 $8,489 3.13%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 174 $58,110,000 $333,966 $5,281 3.05%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 234 $57,640,000 $246,325 $3,749 3.09%
WARNER ROBINS, GA 259 $56,535,000 $218,282 $4,206 3.11%
BRIDGEPORT-STAMFORD-NORWALK, CT 128 $56,400,000 $440,625 $8,158 3.02%
GULFPORT-BILOXI, MS 276 $56,250,000 $203,804 $4,653 3.10%
MIAMI-MIAMI BEACH-KENDALL, FL 154 $54,890,000 $356,429 $8,325 3.12%
PHILADELPHIA, PA 210 $54,210,000 $258,143 $5,177 3.14%
CAPE CORAL-FORT MYERS, FL 208 $54,070,000 $259,952 $5,674 3.04%
ELGIN, IL 197 $53,835,000 $273,274 $5,513 3.06%
NASSAU COUNTY-SUFFOLK COUNTY, NY 115 $53,665,000 $466,652 $12,443 3.06%
MANCHESTER-NASHUA, NH 166 $52,820,000 $318,193 $5,139 3.07%
PORTLAND-SOUTH PORTLAND, ME 186 $52,650,000 $283,065 $3,895 3.18%
DOVER, DE 196 $52,510,000 $267,908 $4,547 3.09%
WINSTON-SALEM, NC 229 $50,885,000 $222,205 $3,543 3.14%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 192 $50,810,000 $264,635 $6,114 3.07%
COEUR D'ALENE, ID 146 $50,730,000 $347,466 $7,013 2.99%
GREENSBORO-HIGH POINT, NC 210 $50,660,000 $241,238 $4,205 3.13%
BAKERSFIELD, CA 180 $50,240,000 $279,111 $5,027 3.04%
SALEM, OR 156 $49,930,000 $320,064 $5,353 3.12%
PORT ST. LUCIE, FL 176 $49,930,000 $283,693 $6,584 3.12%
HAGERSTOWN-MARTINSBURG, MD-WV 188 $49,790,000 $264,840 $4,233 3.01%
RENO, NV 114 $48,840,000 $428,421 $7,570 3.03%
NEW HAVEN-MILFORD, CT 177 $48,665,000 $274,944 $5,016 3.07%
CORPUS CHRISTI, TX 200 $48,340,000 $241,700 $5,681 3.09%
WICHITA, KS 234 $47,380,000 $202,479 $4,040 3.07%
GARY, IN 200 $45,910,000 $229,550 $3,975 3.12%
NORWICH-NEW LONDON, CT 167 $45,095,000 $270,030 $5,863 3.10%
ASHEVILLE, NC 152 $44,370,000 $291,908 $5,009 3.10%
WILMINGTON, DE-MD-NJ 154 $44,200,000 $287,013 $5,318 3.13%
OCALA, FL 218 $43,050,000 $197,477 $4,978 3.09%
CHATTANOOGA, TN-GA 179 $42,545,000 $237,682 $4,113 3.09%
FAIRBANKS, AK 148 $42,400,000 $286,486 $5,759 3.08%
DES MOINES-WEST DES MOINES, IA 168 $41,970,000 $249,821 $3,937 3.13%
HILTON HEAD ISLAND-BLUFFTON, SC 152 $41,450,000 $272,697 $5,253 3.06%
PANAMA CITY, FL 154 $40,740,000 $264,545 $6,706 3.07%
HARRISBURG-CARLISLE, PA 177 $40,655,000 $229,689 $5,095 3.11%
SPRINGFIELD, MO 196 $40,350,000 $205,867 $3,678 3.15%
DURHAM-CHAPEL HILL, NC 139 $40,165,000 $288,957 $5,463 3.01%
GREELEY, CO 111 $39,795,000 $358,514 $5,712 3.04%
JACKSON, MS 151 $39,265,000 $260,033 $4,014 3.13%
SPRINGFIELD, MA 156 $39,160,000 $251,026 $5,992 3.19%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 52 $38,940,000 $748,846 $14,069 2.91%
DETROIT-DEARBORN-LIVONIA, MI 196 $38,760,000 $197,755 $4,218 3.15%
MADISON, WI 138 $37,980,000 $275,217 $5,287 3.00%
MONTGOMERY, AL 161 $37,905,000 $235,435 $3,971 3.06%
YORK-HANOVER, PA 155 $37,445,000 $241,581 $4,413 3.10%
SHREVEPORT-BOSSIER CITY, LA 165 $37,395,000 $226,636 $3,905 3.09%
STOCKTON, CA 91 $37,035,000 $406,978 $7,524 3.13%
FRESNO, CA 118 $36,660,000 $310,678 $5,922 3.18%
BATON ROUGE, LA 152 $36,440,000 $239,737 $3,367 3.12%
EUGENE-SPRINGFIELD, OR 118 $35,860,000 $303,898 $4,112 3.01%
WILMINGTON, NC 118 $35,340,000 $299,492 $5,345 3.04%
SALISBURY, MD-DE 131 $35,205,000 $268,740 $4,940 3.03%
AKRON, OH 164 $35,070,000 $213,841 $4,249 3.07%
DAPHNE-FAIRHOPE-FOLEY, AL 138 $34,670,000 $251,232 $4,416 3.12%
LAKE HAVASU CITY-KINGMAN, AZ 141 $34,655,000 $245,780 $5,213 3.08%
GRAND RAPIDS-KENTWOOD, MI 145 $34,535,000 $238,172 $3,913 3.07%
PRESCOTT VALLEY-PRESCOTT, AZ 106 $34,400,000 $324,528 $5,014 3.09%
TOLEDO, OH 168 $33,920,000 $201,905 $5,096 3.12%
LEXINGTON-FAYETTE, KY 134 $32,310,000 $241,119 $4,827 3.12%
CALIFORNIA-LEXINGTON PARK, MD 95 $31,745,000 $334,158 $5,525 3.06%
PUEBLO, CO 118 $31,720,000 $268,814 $4,795 3.13%
DOTHAN, AL 146 $31,480,000 $215,616 $3,742 3.04%
FORT COLLINS, CO 78 $31,040,000 $397,949 $6,484 2.97%
BEND, OR 73 $30,875,000 $422,945 $8,222 2.98%
PUNTA GORDA, FL 131 $30,865,000 $235,611 $5,008 3.06%
MANHATTAN, KS 154 $30,220,000 $196,234 $4,094 3.08%
NEW BERN, NC 143 $29,225,000 $204,371 $4,275 3.06%
MODESTO, CA 79 $28,345,000 $358,797 $6,628 3.10%
HOMOSASSA SPRINGS, FL 139 $28,085,000 $202,050 $4,855 3.08%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 84 $27,950,000 $332,738 $8,121 3.08%
CHEYENNE, WY 94 $27,760,000 $295,319 $5,338 3.07%
LAS CRUCES, NM 109 $27,585,000 $253,073 $5,330 2.99%
SPARTANBURG, SC 124 $26,930,000 $217,177 $3,958 3.15%
MOBILE, AL 134 $26,740,000 $199,552 $4,036 3.11%
SUMTER, SC 135 $26,685,000 $197,667 $4,326 3.07%
YUMA, AZ 113 $26,105,000 $231,018 $4,926 3.06%
MEDFORD, OR 83 $26,025,000 $313,554 $5,012 3.08%
RAPID CITY, SD 101 $25,575,000 $253,218 $4,258 3.02%
JEFFERSON CITY, MO 123 $25,395,000 $206,463 $3,097 3.12%
HICKORY-LENOIR-MORGANTON, NC 94 $25,380,000 $270,000 $3,828 3.14%
GOLDSBORO, NC 126 $25,290,000 $200,714 $4,134 3.06%
ROANOKE, VA 97 $25,155,000 $259,330 $3,709 3.04%
LINCOLN, NE 114 $24,440,000 $214,386 $4,016 3.06%
SALINAS, CA 42 $24,280,000 $578,095 $11,606 2.95%
SANTA MARIA-SANTA BARBARA, CA 54 $24,270,000 $449,444 $7,698 3.11%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 113 $24,135,000 $213,584 $3,612 3.09%
BILLINGS, MT 81 $23,855,000 $294,506 $5,534 3.10%
KENNEWICK-RICHLAND, WA 75 $23,725,000 $316,333 $4,989 3.12%
LANCASTER, PA 94 $23,720,000 $252,340 $5,853 3.11%
SANTA ROSA-PETALUMA, CA 40 $23,540,000 $588,500 $10,004 3.08%
LANSING-EAST LANSING, MI 116 $23,470,000 $202,328 $3,657 3.13%
SIERRA VISTA-DOUGLAS, AZ 103 $23,155,000 $224,806 $4,588 3.02%
KINGSPORT-BRISTOL, TN-VA 105 $22,835,000 $217,476 $3,665 3.09%
SCRANTON--WILKES-BARRE, PA 115 $22,725,000 $197,609 $3,774 3.07%
CANTON-MASSILLON, OH 117 $22,605,000 $193,205 $3,932 3.06%
TALLAHASSEE, FL 94 $22,400,000 $238,298 $5,032 3.15%
PROVO-OREM, UT 62 $22,050,000 $355,645 $6,915 3.01%
TOPEKA, KS 111 $21,965,000 $197,883 $3,459 3.13%
HUNTINGTON-ASHLAND, WV-KY-OH 118 $21,590,000 $182,966 $3,427 3.16%
VISALIA, CA 69 $21,385,000 $309,928 $5,905 3.11%
WICHITA FALLS, TX 105 $21,355,000 $203,381 $5,105 3.04%
YUBA CITY, CA 69 $21,335,000 $309,203 $7,047 3.19%
BEAUMONT-PORT ARTHUR, TX 97 $21,235,000 $218,918 $5,216 3.19%
AUBURN-OPELIKA, AL 92 $20,970,000 $227,935 $3,906 3.04%
READING, PA 91 $20,715,000 $227,637 $4,786 3.15%
LYNCHBURG, VA 89 $20,365,000 $228,820 $3,828 3.13%
HANFORD-CORCORAN, CA 75 $20,285,000 $270,467 $6,444 3.20%
DULUTH, MN-WI 87 $20,085,000 $230,862 $4,681 2.99%
AMARILLO, TX 85 $19,845,000 $233,471 $4,753 3.10%
MOUNT VERNON-ANACORTES, WA 49 $19,275,000 $393,367 $8,351 2.89%
MCALLEN-EDINBURG-MISSION, TX 91 $19,115,000 $210,055 $3,738 3.07%
GAINESVILLE, FL 77 $18,985,000 $246,558 $6,016 3.15%
SIOUX FALLS, SD 77 $18,945,000 $246,039 $3,911 3.14%
GREENVILLE, NC 80 $18,940,000 $236,750 $3,681 3.13%
FORT WAYNE, IN 93 $18,805,000 $202,204 $3,635 3.03%
WINCHESTER, VA-WV 58 $18,780,000 $323,793 $6,555 3.05%
GAINESVILLE, GA 62 $18,630,000 $300,484 $5,139 3.03%
PEORIA, IL 106 $18,570,000 $175,189 $3,147 3.08%
ALBANY-SCHENECTADY-TROY, NY 77 $18,525,000 $240,584 $6,259 3.08%
SOUTH BEND-MISHAWAKA, IN-MI 91 $18,405,000 $202,253 $3,915 3.13%
CHARLOTTESVILLE, VA 57 $18,365,000 $322,193 $6,117 2.93%
JOHNSON CITY, TN 71 $18,165,000 $255,845 $4,433 3.02%
BROWNSVILLE-HARLINGEN, TX 85 $17,955,000 $211,235 $3,890 3.17%
ABILENE, TX 84 $17,910,000 $213,214 $5,592 3.05%
ALBANY-LEBANON, OR 62 $17,760,000 $286,452 $5,278 3.13%
EVANSVILLE, IN-KY 89 $17,725,000 $199,157 $2,984 3.04%
LAFAYETTE, LA 79 $17,725,000 $224,367 $3,889 3.14%
GRAND JUNCTION, CO 57 $17,595,000 $308,684 $4,158 3.08%
BELLINGHAM, WA 47 $17,515,000 $372,660 $7,037 3.12%
GREAT FALLS, MT 74 $17,310,000 $233,919 $4,161 2.98%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 107 $17,305,000 $161,729 $3,388 3.15%
ST. GEORGE, UT 48 $17,030,000 $354,792 $5,350 3.04%
EAST STROUDSBURG, PA 73 $16,935,000 $231,986 $4,837 3.18%
FARGO, ND-MN 65 $16,915,000 $260,231 $4,291 3.04%
NAPLES-MARCO ISLAND, FL 46 $16,900,000 $367,391 $8,392 3.12%
THE VILLAGES, FL 60 $16,680,000 $278,000 $6,707 3.06%
SYRACUSE, NY 83 $16,665,000 $200,783 $4,223 3.11%
HATTIESBURG, MS 79 $16,515,000 $209,051 $3,577 3.10%
FORT SMITH, AR-OK 82 $16,260,000 $198,293 $3,158 3.13%
ROCKFORD, IL 84 $16,250,000 $193,452 $3,592 3.08%
BURLINGTON-SOUTH BURLINGTON, VT 56 $16,240,000 $290,000 $5,152 2.97%
LONGVIEW, TX 68 $16,230,000 $238,676 $5,374 3.05%
TYLER, TX 56 $15,790,000 $281,964 $6,022 3.09%
WACO, TX 57 $15,515,000 $272,193 $4,871 3.07%
CHAMBERSBURG-WAYNESBORO, PA 65 $15,465,000 $237,923 $5,732 3.02%
LUBBOCK, TX 62 $15,300,000 $246,774 $5,414 3.03%
MACON-BIBB COUNTY, GA 74 $15,200,000 $205,405 $3,220 3.15%
SAN LUIS OBISPO-PASO ROBLES, CA 29 $14,965,000 $516,034 $5,450 3.05%
EAU CLAIRE, WI 63 $14,945,000 $237,222 $4,484 3.07%
CEDAR RAPIDS, IA 74 $14,940,000 $201,892 $3,526 3.00%
FLINT, MI 79 $14,905,000 $188,671 $3,364 3.09%
BUFFALO-CHEEKTOWAGA, NY 72 $14,830,000 $205,972 $4,945 3.18%
APPLETON, WI 70 $14,790,000 $211,286 $3,536 3.13%
RACINE, WI 65 $14,705,000 $226,231 $3,779 3.09%
BRUNSWICK, GA 57 $14,305,000 $250,965 $4,409 3.06%
ROCHESTER, MN 56 $14,230,000 $254,107 $4,729 3.13%
BANGOR, ME 71 $14,115,000 $198,803 $3,299 3.10%
MISSOULA, MT 36 $14,100,000 $391,667 $5,619 2.94%
TUSCALOOSA, AL 58 $14,040,000 $242,069 $3,386 3.12%
CHARLESTON, WV 76 $14,000,000 $184,211 $3,747 3.07%
GREEN BAY, WI 69 $13,905,000 $201,522 $4,067 3.07%
YAKIMA, WA 48 $13,870,000 $288,958 $4,599 3.14%
SEBASTIAN-VERO BEACH, FL 51 $13,865,000 $271,863 $5,820 3.13%
ERIE, PA 69 $13,825,000 $200,362 $3,533 3.12%
TRENTON-PRINCETON, NJ 50 $13,750,000 $275,000 $5,549 3.12%
ALBANY, GA 63 $13,705,000 $217,540 $3,353 3.18%
ATLANTIC CITY-HAMMONTON, NJ 57 $13,605,000 $238,684 $5,228 3.14%
BOWLING GREEN, KY 64 $13,540,000 $211,563 $3,405 3.14%
SAN ANGELO, TX 60 $13,440,000 $224,000 $4,750 3.03%
MIDLAND, TX 44 $13,390,000 $304,318 $6,542 3.08%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 15 $13,345,000 $889,667 $14,300 3.05%
KAHULUI-WAILUKU-LAHAINA, HI 25 $13,345,000 $533,800 $10,198 2.69%
LAFAYETTE-WEST LAFAYETTE, IN 59 $13,285,000 $225,169 $3,704 3.14%
BOULDER, CO 29 $13,275,000 $457,759 $7,386 3.04%
FLORENCE, SC 57 $13,105,000 $229,912 $3,863 3.09%
WATERTOWN-FORT DRUM, NY 62 $12,940,000 $208,710 $4,210 3.00%
SHERMAN-DENISON, TX 54 $12,750,000 $236,111 $5,019 3.06%
IDAHO FALLS, ID 49 $12,385,000 $252,755 $4,094 3.14%
ST. CLOUD, MN 55 $12,365,000 $224,818 $2,874 3.12%
BLOOMINGTON, IN 47 $12,255,000 $260,745 $4,292 3.10%
JACKSON, TN 57 $12,075,000 $211,842 $4,388 3.04%
WAUSAU-WESTON, WI 58 $11,930,000 $205,690 $3,862 3.10%
JANESVILLE-BELOIT, WI 58 $11,880,000 $204,828 $3,145 3.13%
REDDING, CA 37 $11,685,000 $315,811 $4,173 3.06%
WENATCHEE, WA 31 $11,555,000 $372,742 $6,133 3.18%
MONROE, LA 54 $11,320,000 $209,630 $2,939 3.20%
SPRINGFIELD, IL 56 $11,080,000 $197,857 $3,318 3.02%
LA CROSSE-ONALASKA, WI-MN 47 $11,075,000 $235,638 $4,286 3.14%
ANN ARBOR, MI 36 $11,050,000 $306,944 $4,552 2.91%
TERRE HAUTE, IN 64 $10,930,000 $170,781 $3,444 3.25%
HOT SPRINGS, AR 55 $10,895,000 $198,091 $3,772 3.07%
ROCHESTER, NY 62 $10,890,000 $175,645 $3,922 3.15%
FLORENCE-MUSCLE SHOALS, AL 47 $10,885,000 $231,596 $4,363 3.25%
BURLINGTON, NC 46 $10,800,000 $234,783 $4,036 3.24%
LEBANON, PA 47 $10,465,000 $222,660 $6,227 3.02%
COLLEGE STATION-BRYAN, TX 41 $10,455,000 $255,000 $5,375 3.06%
CHICO, CA 32 $10,440,000 $326,250 $5,918 3.06%
MORGANTOWN, WV 37 $10,085,000 $272,568 $5,620 3.13%
SANTA FE, NM 30 $9,990,000 $333,000 $5,950 3.01%
ALEXANDRIA, LA 45 $9,945,000 $221,000 $3,504 3.13%
GETTYSBURG, PA 38 $9,940,000 $261,579 $5,960 3.10%
MORRISTOWN, TN 44 $9,900,000 $225,000 $3,305 3.12%
OSHKOSH-NEENAH, WI 52 $9,860,000 $189,615 $3,613 3.10%
OCEAN CITY, NJ 36 $9,700,000 $269,444 $5,517 3.12%
ROCKY MOUNT, NC 47 $9,695,000 $206,277 $3,636 3.16%
MERCED, CA 32 $9,680,000 $302,500 $6,045 3.08%
BARNSTABLE TOWN, MA 27 $9,535,000 $353,148 $7,034 3.02%
ELKHART-GOSHEN, IN 44 $9,240,000 $210,000 $2,614 3.04%
MADERA, CA 30 $9,160,000 $305,333 $4,965 3.04%
GRAND FORKS, ND-MN 38 $9,020,000 $237,368 $3,620 3.07%
BATTLE CREEK, MI 43 $8,945,000 $208,023 $3,094 3.06%
JOPLIN, MO 44 $8,890,000 $202,045 $3,733 3.21%
STAUNTON, VA 35 $8,855,000 $253,000 $2,901 3.03%
LAKE CHARLES, LA 38 $8,780,000 $231,053 $4,743 3.20%
KALAMAZOO-PORTAGE, MI 42 $8,780,000 $209,048 $3,403 3.10%
SANTA CRUZ-WATSONVILLE, CA 15 $8,755,000 $583,667 $10,065 3.06%
MONROE, MI 39 $8,585,000 $220,128 $4,064 3.00%
TWIN FALLS, ID 34 $8,550,000 $251,471 $4,624 3.16%
HAMMOND, LA 37 $8,485,000 $229,324 $4,786 3.15%
COLUMBUS, IN 37 $8,465,000 $228,784 $3,888 3.09%
ATHENS-CLARKE COUNTY, GA 34 $8,400,000 $247,059 $4,061 3.22%
LONGVIEW, WA 27 $8,375,000 $310,185 $5,398 3.19%
CARBONDALE-MARION, IL 51 $8,375,000 $164,216 $3,442 3.15%
SEBRING-AVON PARK, FL 44 $8,290,000 $188,409 $4,229 3.09%
FLAGSTAFF, AZ 24 $8,170,000 $340,417 $5,798 2.93%
GRANTS PASS, OR 29 $8,135,000 $280,517 $3,705 3.04%
BISMARCK, ND 29 $8,115,000 $279,828 $5,390 2.95%
TEXARKANA, TX-AR 42 $8,100,000 $192,857 $3,293 3.16%
SAN RAFAEL, CA 11 $8,065,000 $733,182 $12,238 3.00%
SPRINGFIELD, OH 45 $8,055,000 $179,000 $4,371 3.19%
JACKSON, MI 42 $8,050,000 $191,667 $3,052 3.13%
CLEVELAND, TN 35 $7,915,000 $226,143 $3,763 3.17%
BLOOMINGTON, IL 37 $7,845,000 $212,027 $4,544 3.09%
LEWISTON-AUBURN, ME 35 $7,795,000 $222,714 $3,718 3.03%
SAGINAW, MI 45 $7,795,000 $173,222 $2,849 3.07%
HOUMA-THIBODAUX, LA 33 $7,705,000 $233,485 $4,363 3.14%
DECATUR, AL 31 $7,605,000 $245,323 $3,413 3.13%
NILES, MI 32 $7,480,000 $233,750 $4,649 3.03%
MIDLAND, MI 37 $7,385,000 $199,595 $3,978 3.11%
CAPE GIRARDEAU, MO-IL 37 $7,375,000 $199,324 $3,111 3.14%
CARSON CITY, NV 20 $7,260,000 $363,000 $8,694 3.13%
CHAMPAIGN-URBANA, IL 33 $7,175,000 $217,424 $3,982 2.87%
LEWISTON, ID-WA 28 $7,090,000 $253,214 $3,496 3.01%
ANNISTON-OXFORD, AL 37 $7,065,000 $190,946 $2,941 3.08%
MUSKEGON, MI 37 $6,925,000 $187,162 $3,332 3.05%
AMES, IA 30 $6,770,000 $225,667 $4,807 3.16%
GADSDEN, AL 32 $6,540,000 $204,375 $2,694 3.20%
ST. JOSEPH, MO-KS 34 $6,530,000 $192,059 $3,959 2.97%
ODESSA, TX 26 $6,450,000 $248,077 $5,477 3.23%
GRAND ISLAND, NE 29 $6,445,000 $222,241 $2,769 3.07%
MICHIGAN CITY-LA PORTE, IN 33 $6,405,000 $194,091 $3,734 3.15%
KOKOMO, IN 36 $6,360,000 $176,667 $2,784 3.04%
SIOUX CITY, IA-NE-SD 30 $6,320,000 $210,667 $2,664 3.01%
JONESBORO, AR 33 $6,315,000 $191,364 $4,006 3.14%
LAWRENCE, KS 25 $6,285,000 $251,400 $6,649 3.05%
STATE COLLEGE, PA 25 $6,265,000 $250,600 $5,167 3.15%
WATERLOO-CEDAR FALLS, IA 31 $6,245,000 $201,452 $4,553 3.17%
MANSFIELD, OH 32 $6,200,000 $193,750 $4,103 3.19%
SHEBOYGAN, WI 27 $6,155,000 $227,963 $3,417 3.18%
CASPER, WY 22 $6,110,000 $277,727 $5,733 3.13%
OWENSBORO, KY 31 $6,065,000 $195,645 $3,100 3.10%
KANKAKEE, IL 27 $6,055,000 $224,259 $4,723 2.95%
LOGAN, UT-ID 19 $6,015,000 $316,579 $3,642 3.10%
HARRISONBURG, VA 20 $5,950,000 $297,500 $5,003 2.95%
CORVALLIS, OR 15 $5,905,000 $393,667 $6,122 2.94%
BLOOMSBURG-BERWICK, PA 26 $5,870,000 $225,769 $5,197 3.01%
MUNCIE, IN 33 $5,745,000 $174,091 $1,997 3.21%
POCATELLO, ID 27 $5,665,000 $209,815 $3,919 3.00%
PARKERSBURG-VIENNA, WV 29 $5,595,000 $192,931 $4,405 3.11%
WALLA WALLA, WA 18 $5,570,000 $309,444 $4,549 3.16%
ALTOONA, PA 33 $5,545,000 $168,030 $2,822 3.11%
FARMINGTON, NM 26 $5,420,000 $208,462 $3,950 3.12%
WILLIAMSPORT, PA 25 $5,285,000 $211,400 $3,501 3.03%
KINGSTON, NY 17 $5,225,000 $307,353 $7,814 3.17%
BECKLEY, WV 28 $5,220,000 $186,429 $4,001 3.24%
DALTON, GA 25 $5,155,000 $206,200 $3,026 3.09%
VINELAND-BRIDGETON, NJ 24 $5,150,000 $214,583 $4,429 3.13%
PITTSFIELD, MA 20 $4,940,000 $247,000 $4,791 3.16%
WHEELING, WV-OH 25 $4,765,000 $190,600 $2,845 3.15%
BLACKSBURG-CHRISTIANSBURG, VA 21 $4,755,000 $226,429 $4,033 3.09%
VICTORIA, TX 21 $4,715,000 $224,524 $5,404 3.15%
ENID, OK 25 $4,705,000 $188,200 $3,812 3.09%
UTICA-ROME, NY 26 $4,650,000 $178,846 $3,508 3.02%
BAY CITY, MI 32 $4,530,000 $141,563 $2,415 3.07%
JOHNSTOWN, PA 31 $4,445,000 $143,387 $2,373 3.13%
IOWA CITY, IA 18 $4,340,000 $241,111 $3,023 2.90%
FOND DU LAC, WI 22 $4,320,000 $196,364 $3,941 3.15%
LIMA, OH 23 $3,895,000 $169,348 $2,890 3.23%
ROME, GA 20 $3,870,000 $193,500 $4,063 3.12%
CUMBERLAND, MD-WV 21 $3,635,000 $173,095 $3,726 2.99%
DECATUR, IL 22 $3,610,000 $164,091 $3,476 3.20%
GLENS FALLS, NY 15 $3,545,000 $236,333 $5,839 3.15%
DANVILLE, IL 22 $3,510,000 $159,545 $1,618 3.04%
DUBUQUE, IA 18 $3,480,000 $193,333 $3,162 3.12%
WEIRTON-STEUBENVILLE, WV-OH 20 $3,460,000 $173,000 $3,881 3.02%
LAREDO, TX 15 $3,445,000 $229,667 $3,876 3.04%
EL CENTRO, CA 12 $3,100,000 $258,333 $6,600 3.33%
BINGHAMTON, NY 19 $2,935,000 $154,474 $3,506 3.30%
MANKATO, MN 12 $2,410,000 $200,833 $3,027 2.97%
NAPA, CA 4 $2,330,000 $582,500 $15,509 2.97%
PINE BLUFF, AR 8 $1,400,000 $175,000 $3,528 3.09%
ELMIRA, NY 8 $1,220,000 $152,500 $3,967 3.18%
ITHACA, NY 1 $185,000 $185,000 $0 2.50%

Mortgage Research Center 's top markets include Washington, Virginia Beach, Clarksville, Atlanta, and San Diego among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 42,130 $10,941,240,000 $259,702
2.5-3% 40,043 $11,449,415,000 $285,928
<2.5% 11,222 $3,344,580,000 $298,038
4-5% 739 $159,405,000 $215,704

During 2020, Mortgage Research Center 's average interest rate was 3.07%, while their most frequently originated rate bucket was 3-4%, with 42,130 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 53,006 $14,765,780,000 $278,568 $5,131 3.05%
$100k-200k 26,150 $4,216,870,000 $161,257 $3,348 3.14%
$400k-600k 9,380 $4,439,150,000 $473,257 $8,393 2.98%
$600k-1MM 2,862 $2,066,250,000 $721,960 $13,573 2.95%
$100,000 or less 2,568 $202,390,000 $78,812 $2,059 3.21%
$1MM+ 168 $204,200,000 $1,215,476 $23,973 2.80%

2020 saw Mortgage Research Center place emphasis on $200k-400k loans with 53,006 originations, totaling $14,765,780,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 26,058 $6,006,660,000 $230,511 $5,289 3.10%
$75k-100k 16,018 $4,605,050,000 $287,492 $6,428 3.07%
$100k-150k 12,707 $4,502,945,000 $354,367 $7,615 3.05%
$50k or less 11,896 $2,009,860,000 $168,953 $3,914 3.12%
$150k-250k 4,678 $2,233,050,000 $477,351 $10,030 3.03%
$250k+ 691 $471,915,000 $682,945 $15,037 3.01%

Mortgage Research Center lent most frequently to those with incomes in the $50k-75k range, with 26,058 originations. The second most popular income band? $75k-100k, with 16,018 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
50-60% 12,808 $3,985,000,000 $311,134 $7,233 3.09%
30-36% 11,643 $3,038,205,000 $260,947 $5,752 3.06%
20-30% 9,727 $2,402,035,000 $246,945 $5,615 3.00%
42% 2,767 $756,365,000 $273,352 $5,871 3.12%
44% 2,756 $768,370,000 $278,799 $5,999 3.15%
43% 2,754 $763,790,000 $277,338 $6,082 3.13%
41% 2,725 $740,535,000 $271,756 $5,834 3.13%
40% 2,674 $725,720,000 $271,399 $5,751 3.11%
39% 2,618 $714,020,000 $272,735 $5,939 3.11%
38% 2,499 $664,415,000 $265,872 $5,777 3.11%
47% 2,444 $706,260,000 $288,977 $6,357 3.12%
46% 2,411 $678,975,000 $281,616 $6,304 3.13%
45% 2,401 $672,905,000 $280,260 $6,264 3.11%
37% 2,388 $638,850,000 $267,525 $5,632 3.09%
48% 2,359 $681,325,000 $288,819 $6,334 3.14%
49% 2,262 $654,980,000 $289,558 $6,410 3.15%
36% 2,256 $599,710,000 $265,829 $5,657 3.09%
<20% 1,892 $406,900,000 $215,063 $5,116 2.91%
>60% 664 $231,120,000 $348,072 $7,979 3.06%

Mortgage Research Center lent most frequently to those with DTI ratios of 50-60%, with 12,808 originations. The next most common DTI ratio? 30-36%, with 11,643 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 65,098 $17,538,030,000 $269,410 $5,156 3.06%
Not provided 13,316 $3,859,790,000 $289,861 $5,441 3.04%
Black 11,288 $3,089,520,000 $273,700 $4,567 3.14%
Asian 2,330 $811,080,000 $348,103 $6,868 2.96%
American Indian 1,481 $393,395,000 $265,628 $4,761 3.10%
Native Hawaiian 479 $153,155,000 $319,739 $5,742 3.05%
Filipino 61 $22,325,000 $365,984 $7,556 2.93%
Other Pacific Islander 23 $6,475,000 $281,522 $5,406 3.07%
Other Asian 17 $5,885,000 $346,176 $6,031 3.18%
Korean 10 $3,250,000 $325,000 $6,931 2.84%
Asian Indian 9 $3,035,000 $337,222 $8,645 2.61%
Japanese 5 $2,065,000 $413,000 $6,430 3.30%
Chinese 4 $1,990,000 $497,500 $9,392 2.93%
Guamanian 5 $1,615,000 $323,000 $8,614 2.87%
Vietnamese 3 $1,285,000 $428,333 $2,905 3.17%
Samoan 3 $1,245,000 $415,000 $1,813 3.04%
Native Hawiian 2 $500,000 $250,000 $5,863 2.69%

Approval Rates

Total approvals of all applications
87.97%

Mortgage Research Center has an average approval rate.

Pick Rate

Approvals leading to origination
55.81%

Mortgage Research Center has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 94,134 $25,894,640,000 $275,083

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 358 $59,370,000 $165,838
Single Family (1-4 Units):Site-Built 93,776 $25,835,270,000 $275,500

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 322 $46,610,000 $144,752 $3,743 2.92%
40-60% 988 $196,230,000 $198,613 $4,792 2.96%
60-80% 3,324 $796,070,000 $239,492 $5,328 3.03%
80-100% 54,923 $14,642,385,000 $266,598 $4,975 3.10%
Over 100% 12,445 $4,141,395,000 $332,776 $11,605 3.04%
Under 20% 23 $1,855,000 $80,652 $2,857 3.09%