Plus Relocation Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300EHWBP6UP4Y8J37

Tax ID: 37-1847422

4.1 stars - Updated: 4/5/25 - out of 5 stars, based on 13 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Plus Relocation Mortgage is a smaller mortgage company specializing in Home Purchase loans. Plus Relocation 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.) Their top markets by origination volume include: Minneapolis, Grand Rapids, Dallas, San Francisco, and Boise City among others. We have data for 69 markets. (Some data included below & more in-depth data is available with an active subscription.)

Plus Relocation 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. Plus Relocation 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.

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
30 Year Conventional Purchase 7.13% 4/5/25
30 Year Conventional Refi 6.72% 4/5/25
30 Year Cash-out Refi 8.68% 4/5/25
30 Year FHA Purchase 7.70% 4/5/25
30 Year VA Purchase 6.80% 4/5/25
30 Year VA Refi 6.41% 4/5/25
15 Year Conventional Purchase 5.64% 4/5/25
15 Year Conventional Refi 5.88% 4/5/25
15 Year Cash-out Refi 5.88% 4/5/25
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.

Plus Relocation Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Plus Relocation 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

159

Origination Dollar Volume (All Markets)

$70,955,000

Relative Rate

Plus Relocation Mortgage's average 30 year fixed mortgage rate was 6.89%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.34%.

Relative Fees (Closing Costs)

Plus Relocation Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $8,209.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 21 $9,935,000 $473,095 $5,475 6.79%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 15 $5,405,000 $360,333 $5,827 7.05%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $3,900,000 $487,500 $11,247 6.98%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $3,460,000 $1,730,000 $43,709 6.38%
BOISE CITY, ID (FHA|USDA|VA) 6 $2,990,000 $498,333 $6,327 7.14%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $2,900,000 $725,000 $8,421 7.09%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $2,870,000 $478,333 $10,850 6.60%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $2,805,000 $561,000 $9,062 6.62%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $2,770,000 $692,500 $14,662 6.53%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $2,545,000 $363,571 $6,294 6.65%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,845,000 $369,000 $8,412 6.42%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $1,845,000 $615,000 $9,278 7.04%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,505,000 $501,667 $9,230 6.49%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,160,000 $290,000 $3,821 6.19%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,040,000 $520,000 $5,949 6.75%
RICHMOND, VA (FHA|USDA|VA) 3 $1,005,000 $335,000 $8,645 7.04%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $995,000 $995,000 $6,270 7.50%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $990,000 $495,000 $11,729 6.06%
COLUMBUS, OH (FHA|USDA|VA) 2 $910,000 $455,000 $11,289 7.18%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $860,000 $430,000 $7,039 7.12%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $850,000 $425,000 $6,117 7.31%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $715,000 $715,000 $11,309 5.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $630,000 $315,000 $8,783 6.88%
Tahlequah, OK (FHA|USDA|VA) 2 $630,000 $315,000 $11,881 5.94%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $620,000 $310,000 $9,653 6.12%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $595,000 $595,000 $12,773 7.13%
Outside of Metro Areas 1 $585,000 $585,000 $5,248 7.99%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $545,000 $545,000 $14,720 6.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $525,000 $525,000 $7,966 6.99%
PITTSBURGH, PA (FHA|USDA|VA) 1 $515,000 $515,000 $11,764 6.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $515,000 $515,000 $9,878 6.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $515,000 $515,000 $5,816 7.63%
LOUISVILLE, KY (FHA|USDA|VA) 2 $500,000 $250,000 $3,931 7.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $475,000 $475,000 $9,805 6.13%
Red Wing, MN (FHA|USDA|VA) 1 $435,000 $435,000 $4,340 6.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $415,000 $415,000 $3,753 6.99%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $385,000 $385,000 $5,351 7.38%
FORT COLLINS, CO (FHA|USDA|VA) 1 $385,000 $385,000 $3,651 6.99%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $385,000 $385,000 $3,670 7.50%
TWIN FALLS, ID (FHA|USDA|VA) 1 $385,000 $385,000 $6,163 6.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $20,751 5.75%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $375,000 $375,000 $4,658 6.99%
Escanaba, MI (FHA|USDA|VA) 1 $375,000 $375,000 $7,259 7.13%
Van Wert, OH (FHA|USDA|VA) 1 $365,000 $365,000 $7,556 6.63%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $355,000 $355,000 $6,451 7.38%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $355,000 $355,000 $4,824 7.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $345,000 $345,000 $4,393 6.50%
SAVANNAH, GA (FHA|USDA|VA) 1 $345,000 $345,000 $8,013 6.99%
MUSKEGON, MI (FHA|USDA|VA) 1 $345,000 $345,000 $12,736 6.75%
PITTSFIELD, MA (FHA|USDA|VA) 1 $335,000 $335,000 $7,068 7.99%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $325,000 $325,000 $11,931 7.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $325,000 $325,000 $2,831 7.75%
SALEM, OR (FHA|USDA|VA) 1 $315,000 $315,000 $4,687 6.99%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $0 8.25%
GRANTS PASS, OR (FHA|USDA|VA) 1 $315,000 $315,000 $4,736 6.63%
RACINE, WI (FHA|USDA|VA) 1 $305,000 $305,000 $5,693 6.99%
YAKIMA, WA (FHA|USDA|VA) 1 $305,000 $305,000 $5,612 5.99%
CORVALLIS, OR (FHA|USDA|VA) 1 $295,000 $295,000 $4,605 7.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $295,000 $295,000 $4,872 6.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $285,000 $285,000 $7,488 6.13%
PUEBLO, CO (FHA|USDA|VA) 1 $285,000 $285,000 $9,574 6.75%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $275,000 $275,000 $6,110 6.88%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $245,000 $245,000 $9,483 7.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $225,000 $225,000 $6,351 6.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $225,000 $225,000 $10,442 6.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,424 6.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,240 6.99%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,818 5.99%
JACKSON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $3,363 6.63%
Plus Relocation Mortgage's top markets include Minneapolis, Grand Rapids, Dallas, San Francisco, and Boise City among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against PLUS RELOCATION MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 36
    MICHIGAN SCHOOLS AND GOVERNMENT
    Similarity Rank: 64
    Liberty Bank for Savings
    Similarity Rank: 79
    PFCU
    Similarity Rank: 120
    MY Credit Union
    Similarity Rank: 130
    GSB MORTGAGE, INC.
    Similarity Rank: 133
    AAC Credit Union
    Similarity Rank: 138
    SAN ANTONIO CITIZENS
    Similarity Rank: 156
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 168

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 139 $62,105,000 $446,799 $7,371 6.87%
    VA 14 $6,810,000 $486,429 $12,452 6.38%
    FHA 6 $2,040,000 $340,000 $13,292 7.00%

    For 2024, Plus Relocation Mortgage's most frequently originated type of loan was Conventional, with 139 originations. Their 2nd most popular type was VA, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 156 $69,840,000 $447,692 $8,115 6.84%
    Refi 2 $870,000 $435,000 $6,095 5.50%
    Cash Out Refi 1 $245,000 $245,000 $2,739 7.99%

    For 2024, Plus Relocation Mortgage's most frequently cited loan purpose was Home Purchase, with 156 originations. The 2nd most popular reason was Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 147 $66,825,000 $454,592 $8,209 6.89%
    15 Year 7 $2,945,000 $420,714 $7,876 5.78%
    20 Year 5 $1,185,000 $237,000 $3,861 6.37%

    For 2024, Plus Relocation Mortgage's most frequently cited loan duration was 30 Year, with 147 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 57 $26,635,000 $467,281
    $5k+ 41 $25,145,000 $613,293
    $3k-4k 20 $6,510,000 $325,500
    $4k-5k 15 $5,285,000 $352,333
    $2k-3k 12 $3,760,000 $313,333
    $1k-2k 11 $2,915,000 $265,000

    Plus Relocation Mortgage's average total fees were $8,209, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 89 $39,285,000 $441,404
    7-8% 46 $21,570,000 $468,913
    5-6% 20 $9,140,000 $457,000
    Over 8% 3 $805,000 $268,333
    4-5% 1 $155,000 $155,000

    During 2024, Plus Relocation Mortgage's average interest rate for loans was 6.89%, while their most frequently originated rate bucket for loans was 6-7%, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 86 $27,460,000 $319,302 $6,184 6.84%
    $400k-600k 38 $19,220,000 $505,789 $8,896 6.81%
    $600k-1MM 22 $16,100,000 $731,818 $10,548 6.93%
    $100k-200k 8 $1,300,000 $162,500 $3,675 6.62%
    $1MM+ 5 $6,875,000 $1,375,000 $28,261 6.53%

    2024 saw Plus Relocation Mortgage place emphasis on $200k-400k loans with 86 originations, totaling $27,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 68 $30,130,000 $443,088 $7,995 6.94%
    $100k-150k 43 $14,565,000 $338,721 $6,682 6.68%
    $250k+ 28 $20,940,000 $747,857 $11,783 6.69%
    $75k-100k 13 $3,995,000 $307,308 $6,436 7.05%
    $50k-75k 6 $1,220,000 $203,333 $5,216 6.79%
    $50k or less 1 $105,000 $105,000 $3,363 6.63%

    Plus Relocation Mortgage lent most frequently to those with incomes in the $150k-250k range, with 68 originations. The second most popular income band? $100k-150k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 40 $17,690,000 $442,250 $7,298 6.69%
    30-36% 22 $11,650,000 $529,545 $8,551 6.80%
    38% 10 $4,390,000 $439,000 $5,837 7.39%
    43% 9 $3,105,000 $345,000 $5,308 6.73%
    44% 9 $3,875,000 $430,556 $9,044 6.96%
    50-60% 9 $3,315,000 $368,333 $14,429 6.58%
    46% 9 $4,135,000 $459,444 $8,824 6.76%
    45% 7 $2,675,000 $382,143 $7,840 6.80%
    37% 7 $3,555,000 $507,857 $7,749 6.91%
    47% 7 $4,095,000 $585,000 $8,225 7.12%
    39% 5 $2,445,000 $489,000 $5,982 6.95%
    36% 5 $2,105,000 $421,000 $9,138 7.15%
    42% 4 $1,960,000 $490,000 $8,881 7.15%
    <20% 4 $1,140,000 $285,000 $4,892 6.43%
    41% 3 $1,195,000 $398,333 $8,083 6.38%
    48% 3 $975,000 $325,000 $5,610 7.12%
    49% 3 $1,175,000 $391,667 $9,374 6.54%
    40% 3 $1,475,000 $491,667 $10,523 6.79%

    Plus Relocation Mortgage lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? 30-36%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 133 $58,115,000 $436,955 $7,804 6.84%
    Asian 10 $5,600,000 $560,000 $11,171 6.73%
    Black 11 $4,605,000 $418,636 $7,973 6.95%
    Not provided 5 $2,635,000 $527,000 $8,563 6.50%

    Approval Rates

    Total approvals of all applications
    98.96%

    Plus Relocation 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
    81.13%

    Plus Relocation Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 159 $70,955,000 $446,258

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    159 $70,955,000 $446,258

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $2,940,000 $490,000 $10,241 6.33%
    40-60% 17 $7,755,000 $456,176 $6,951 6.55%
    60-80% 60 $27,070,000 $451,167 $7,576 6.88%
    80-100% 74 $32,530,000 $439,595 $8,216 6.92%
    Over 100% 2 $660,000 $330,000 $18,559 5.75%