Plus Relocation Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300EHWBP6UP4Y8J37
Tax ID: 37-1847422
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Mortgage Data
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 include Minneapolis, Washington, Dallas, Atlanta, and Chicago among others. Plus Relocation Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Plus Relocation Mortgage is typically an average fee lendor.Originations
332Origination Dollar Volume (All Markets)
$143,880,000Relative Rate
Plus Relocation Mortgage 's average 30 year fixed rate mortgage of loans were
3.11%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.04%.
Relative Fees
Plus Relocation Mortgage 's average total fees for a 30 year fixed rate
mortgage are $4,995.
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 $4,750.
Top Markets
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Plus Relocation Mortgage 's most frequently originated loan type of loans were Conventional, with 302 originations. Their 2nd most popular type is FHA, with 21 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Plus Relocation Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 249 originations. The 2nd most popular reason of loans were 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 the 2021, Plus Relocation Mortgage 's most frequently cited loan length of loans were 30 Year, with 291 originations. The 2nd most popular length of loans were 15 Year, with 30 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 272 | $113,530,000 | $417,390 |
| $5k+ | 20 | $14,130,000 | $706,500 |
| $3k-4k | 16 | $7,430,000 | $464,375 |
| $1k-2k | 13 | $3,715,000 | $285,769 |
| $2k-3k | 11 | $5,075,000 | $461,364 |
$4,995 of loans were Plus Relocation Mortgage 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.11%, while their most frequently originated rate bucket of loans were 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 applications98.07%
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 origination78.23%
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% |
