Plus Relocation Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300EHWBP6UP4Y8J37

Tax ID: 37-1847422

4.9 stars - out of 5 stars, based on 18 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Plus Relocation Mortgage is a smaller mortgage company specializing in 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, Washington, Dallas, Atlanta, and Chicago among others. We have data for 92 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 6.86% 11/26/22
    30 Year Conventional Refi 6.76% 11/26/22
    30 Year Cash-out Refi 7.16% 11/26/22
    30 Year FHA Purchase 7.96% 11/26/22
    30 Year FHA Refi 8.10% 11/26/22
    30 Year VA Purchase 6.77% 11/26/22
    30 Year VA Refi 6.89% 11/26/22
    15 Year Conventional Purchase 6.14% 11/26/22
    15 Year Conventional Refi 6.12% 11/26/22
    15 Year Cash-out Refi 6.12% 11/26/22
    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.


    Originations

    332

    Origination Dollar Volume (All Markets)

    $143,880,000

    Relative Rate

    Plus Relocation Mortgage's average 30 year fixed mortgage rate was 3.11%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.04%.

    Relative Fees (Closing Costs)

    Plus Relocation Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $4,995.

    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 $4,750.

    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) 53 $17,575,000 $331,604 $3,520 3.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 25 $16,295,000 $651,800 $4,828 3.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 26 $9,680,000 $372,308 $6,077 3.13%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $5,620,000 $562,000 $4,756 3.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 10 $5,480,000 $548,000 $6,664 2.95%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $5,200,000 $866,667 $7,408 3.13%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $4,845,000 $969,000 $5,161 2.98%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $4,500,000 $1,125,000 $4,547 2.88%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $4,125,000 $589,286 $4,434 2.89%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $3,690,000 $461,250 $5,744 3.13%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $3,525,000 $705,000 $3,736 2.90%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $3,525,000 $391,667 $4,434 3.01%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 10 $3,480,000 $348,000 $3,783 2.97%
    RICHMOND, VA (FHA|USDA|VA) 8 $3,460,000 $432,500 $3,582 3.07%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $3,170,000 $396,250 $7,696 2.78%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $2,925,000 $417,857 $2,912 3.14%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $2,505,000 $357,857 $7,467 2.89%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 8 $2,290,000 $286,250 $2,752 3.08%
    Outside of Metro Areas 6 $2,190,000 $365,000 $4,262 3.19%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $1,985,000 $397,000 $5,441 3.32%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,680,000 $420,000 $3,628 2.97%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,675,000 $558,333 $5,444 3.04%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,435,000 $478,333 $9,628 2.79%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,425,000 $475,000 $9,010 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,215,000 $405,000 $6,751 3.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,200,000 $600,000 $5,138 2.50%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $990,000 $495,000 $4,258 2.87%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $985,000 $985,000 $5,320 2.88%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $955,000 $955,000 $10,671 3.13%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $870,000 $435,000 $6,325 2.63%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $860,000 $430,000 $4,244 3.06%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $820,000 $410,000 $4,157 3.19%
    VALLEJO, CA (FHA|USDA|VA) 1 $805,000 $805,000 $5,901 3.38%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $790,000 $395,000 $6,399 2.81%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $770,000 $385,000 $5,459 3.44%
    Brevard, NC (FHA|USDA|VA) 2 $710,000 $355,000 $3,782 3.31%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $690,000 $345,000 $4,307 3.06%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $680,000 $340,000 $6,018 3.43%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $675,000 $675,000 $40,857 2.50%
    ST. CLOUD, MN (FHA|USDA|VA) 2 $650,000 $325,000 $6,585 3.19%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $610,000 $305,000 $2,847 3.13%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $610,000 $305,000 $3,827 3.06%
    Faribault-Northfield, MN (FHA|USDA|VA) 2 $590,000 $295,000 $2,828 2.94%
    BOULDER, CO (FHA|USDA|VA) 1 $585,000 $585,000 $3,438 3.13%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $580,000 $290,000 $3,206 4.12%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $550,000 $275,000 $5,803 3.06%
    STOCKTON, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,674 2.99%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $545,000 $545,000 $5,727 2.99%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $520,000 $260,000 $3,159 3.31%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $500,000 $250,000 $2,869 3.06%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $500,000 $250,000 $6,246 3.19%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $495,000 $495,000 $4,783 2.99%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $485,000 $485,000 $4,544 2.88%
    SAVANNAH, GA (FHA|USDA|VA) 2 $450,000 $225,000 $7,636 2.69%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $445,000 $445,000 $4,150 2.88%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $425,000 $425,000 $4,258 3.25%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $405,000 $405,000 $3,109 3.13%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $400,000 $200,000 $2,073 3.13%
    GREELEY, CO (FHA|USDA|VA) 1 $395,000 $395,000 $3,643 3.50%
    Morehead City, NC (FHA|USDA|VA) 1 $385,000 $385,000 $8,049 2.99%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $385,000 $385,000 $3,281 3.25%
    Sanford, NC (FHA|USDA|VA) 1 $385,000 $385,000 $3,665 2.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $5,277 2.75%
    ROCKY MOUNT, NC (FHA|USDA|VA) 2 $370,000 $185,000 $2,027 3.13%
    LUBBOCK, TX (FHA|USDA|VA) 1 $365,000 $365,000 $4,649 2.99%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $355,000 $355,000 $5,479 3.13%
    TYLER, TX (FHA|USDA|VA) 1 $335,000 $335,000 $3,591 2.63%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $315,000 $315,000 $5,709 3.25%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $285,000 $285,000 $3,839 3.13%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,290 3.38%
    PUEBLO, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,286 2.75%
    Richmond, IN (FHA|USDA|VA) 1 $265,000 $265,000 $1,770 2.63%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $265,000 $265,000 $3,067 3.13%
    Aberdeen, WA (FHA|USDA|VA) 1 $265,000 $265,000 $4,084 3.25%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $255,000 $255,000 $3,454 3.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,842 3.63%
    Brainerd, MN (FHA|USDA|VA) 1 $235,000 $235,000 $2,922 2.88%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $235,000 $235,000 $2,026 3.50%
    Traverse City, MI (FHA|USDA|VA) 1 $215,000 $215,000 $2,846 3.13%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,117 2.88%
    Salem, OH (FHA|USDA|VA) 1 $195,000 $195,000 $2,553 2.88%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,019 3.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $185,000 $185,000 $5,365 3.75%
    Marinette, WI-MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,258 3.38%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $185,000 $185,000 $6,339 4.25%
    Lumberton, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,067 3.38%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $175,000 $175,000 $7,519 3.25%
    Alexandria, MN (FHA|USDA|VA) 1 $175,000 $175,000 $2,904 3.25%
    Cullowhee, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,714 3.38%
    EL PASO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,026 2.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,420 3.25%
    AKRON, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,296 3.38%
    Plus Relocation Mortgage's top markets include Minneapolis, Washington, Dallas, Atlanta, and Chicago among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (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: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    Community West Credit Union
    Similarity Rank: 306
    KENT COUNTY CREDIT UNION
    Similarity Rank: 316
    HENRICO Federal Credit Union
    Similarity Rank: 420
    PREFERRED CREDIT UNION
    Similarity Rank: 532
    AAXY L.L.C.
    Similarity Rank: 540
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    Barley Mortgage, LLC
    Similarity Rank: 552
    MEMBERS FIRST Credit Union
    Similarity Rank: 561

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 302 $133,870,000 $443,278 $4,363 3.03%
    FHA 21 $6,115,000 $291,190 $9,115 3.31%
    VA 9 $3,895,000 $432,778 $11,140 3.00%

    For 2021, Plus Relocation Mortgage's most frequently originated type of loan was Conventional, with 302 originations. Their 2nd most popular type was FHA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 249 $113,225,000 $454,719 $5,560 3.08%
    Refi 64 $25,450,000 $397,656 $2,687 2.84%
    Cash Out Refi 19 $5,205,000 $273,947 $2,782 3.33%

    For 2021, Plus Relocation Mortgage's most frequently cited loan purpose was Home Purchase, with 249 originations. The 2nd most popular reason was Refi, with 64 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 291 $129,925,000 $446,478 $4,995 3.11%
    15 Year 30 $10,490,000 $349,667 $3,546 2.51%
    20 Year 6 $2,080,000 $346,667 $4,634 2.83%
    10 Year 4 $1,060,000 $265,000 $4,567 2.75%
    Other 1 $325,000 $325,000 $3,179 2.99%

    For 2021, Plus Relocation Mortgage's most frequently cited loan duration was 30 Year, with 291 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 272 $113,530,000 $417,390
    $5k+ 20 $14,130,000 $706,500
    $1k-2k 13 $3,715,000 $285,769
    $2k-3k 11 $5,075,000 $461,364
    $4k-5k 10 $5,640,000 $564,000
    $3k-4k 6 $1,790,000 $298,333

    Plus Relocation Mortgage's average total fees were $4,995, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 272 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 152 $61,100,000 $401,974
    2.5-3% 150 $71,010,000 $473,400
    <2.5% 25 $10,405,000 $416,200
    4-5% 5 $1,365,000 $273,000

    During 2021, Plus Relocation Mortgage's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 152 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 148 $43,870,000 $296,419 $4,157 3.04%
    $400k-600k 97 $46,365,000 $477,990 $4,933 2.99%
    $600k-1MM 38 $28,880,000 $760,000 $7,457 3.03%
    $100k-200k 34 $5,490,000 $161,471 $3,478 3.22%
    $1MM+ 14 $19,190,000 $1,370,714 $7,924 2.93%
    $100,000 or less 1 $85,000 $85,000 $2,941 4.50%

    2021 saw Plus Relocation Mortgage place emphasis on $200k-400k loans with 148 originations, totaling $43,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 110 $39,700,000 $360,909 $4,232 3.04%
    $150k-250k 103 $50,935,000 $494,515 $5,265 3.02%
    $250k+ 39 $32,345,000 $829,359 $6,725 2.84%
    $75k-100k 37 $10,335,000 $279,324 $4,729 3.24%
    $50k-75k 33 $8,235,000 $249,545 $3,786 3.10%
    $50k or less 7 $1,415,000 $202,143 $3,519 3.36%

    Plus Relocation Mortgage lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $150k-250k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 108 $46,020,000 $426,111 $4,512 2.98%
    30-36% 59 $28,285,000 $479,407 $4,655 3.16%
    <20% 39 $13,695,000 $351,154 $3,903 2.92%
    41% 15 $9,485,000 $632,333 $7,185 3.04%
    43% 13 $5,175,000 $398,077 $4,293 3.24%
    39% 11 $5,115,000 $465,000 $6,034 2.91%
    37% 10 $4,090,000 $409,000 $4,391 2.83%
    38% 10 $5,690,000 $569,000 $5,921 3.04%
    42% 9 $5,555,000 $617,222 $5,502 3.11%
    40% 9 $3,455,000 $383,889 $5,155 3.35%
    45% 8 $2,620,000 $327,500 $4,638 3.17%
    36% 8 $3,030,000 $378,750 $4,377 3.12%
    50-60% 7 $2,035,000 $290,714 $9,218 3.14%
    49% 7 $3,215,000 $459,286 $6,831 3.05%
    48% 6 $1,440,000 $240,000 $3,635 3.25%
    44% 5 $1,535,000 $307,000 $4,480 3.05%
    46% 5 $2,335,000 $467,000 $5,172 3.07%
    47% 2 $930,000 $465,000 $4,303 2.94%

    Plus Relocation Mortgage lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 260 $106,320,000 $408,923 $4,747 3.04%
    Not provided 26 $13,440,000 $516,923 $4,602 2.97%
    Asian 26 $12,350,000 $475,000 $4,894 3.09%
    Black 19 $11,315,000 $595,526 $6,575 3.13%
    American Indian 1 $455,000 $455,000 $3,207 2.38%

    Approval Rates

    Total approvals of all applications
    98.08%

    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
    77.41%

    Plus Relocation Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 332 $143,880,000 $433,373

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    332 $143,880,000 $433,373

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $3,530,000 $353,000 $4,089 2.76%
    40-60% 32 $11,050,000 $345,313 $3,338 2.80%
    60-80% 115 $52,485,000 $456,391 $4,234 3.03%
    80-100% 172 $75,740,000 $440,349 $5,369 3.12%
    Over 100% 2 $920,000 $460,000 $24,554 2.88%
    Under 20% 1 $155,000 $155,000 $1,953 2.88%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Pilgrim Mortgage LLC Conventional home mortgage Closing on a mortgage 1 100.0%