Plus Relocation Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300EHWBP6UP4Y8J37

Tax ID: 37-1847422

4.4 stars - Updated: 4/14/24 - out of 5 stars, based on 11 reviews

Latest/2023 | 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 an average proportion of FHA loans. Their top markets by origination volume include: Dallas, Washington, Minneapolis, Grand Rapids, and Los Angeles among others. We have data for 60 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 a high 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 relatively high 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 6.61% 4/14/24
30 Year Conventional Refi 6.26% 4/14/24
30 Year Cash-out Refi 6.71% 4/14/24
30 Year FHA Purchase 7.54% 4/14/24
30 Year VA Purchase 6.39% 4/14/24
15 Year Conventional Purchase 6.05% 4/14/24
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.

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

131

Origination Dollar Volume (All Markets)

$57,595,000

Relative Rate

Plus Relocation Mortgage's average 30 year fixed mortgage rate was 6.86%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.38%.

Relative Fees (Closing Costs)

Plus Relocation Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $8,541.

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 $9,089.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $6,285,000 $419,000 $8,686 6.76%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $5,395,000 $770,714 $10,410 6.48%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 10 $4,330,000 $433,000 $7,254 6.71%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 7 $2,845,000 $406,429 $7,265 6.89%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $2,390,000 $1,195,000 $31,610 7.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $2,230,000 $557,500 $12,239 5.84%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $2,155,000 $718,333 $7,701 6.54%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $2,025,000 $675,000 $8,291 7.04%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,995,000 $399,000 $4,739 7.42%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $1,835,000 $611,667 $7,186 6.66%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $1,670,000 $417,500 $12,667 6.53%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,585,000 $317,000 $5,604 6.95%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,580,000 $790,000 $24,625 6.75%
RICHMOND, VA (FHA|USDA|VA) 4 $1,470,000 $367,500 $6,551 6.28%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,405,000 $468,333 $8,429 6.96%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $940,000 $470,000 $8,144 6.56%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $925,000 $308,333 $8,821 6.79%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $830,000 $415,000 $4,818 7.25%
ROANOKE, VA (FHA|USDA|VA) 2 $680,000 $340,000 $4,542 6.43%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $600,000 $300,000 $4,869 7.06%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $595,000 $595,000 $19,294 6.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $585,000 $585,000 $12,343 6.38%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $585,000 $585,000 $10,059 6.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $555,000 $555,000 $9,117 6.50%
Calhoun, GA (FHA|USDA|VA) 2 $550,000 $275,000 $6,326 6.56%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $535,000 $535,000 $2,413 7.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $525,000 $525,000 $4,614 7.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $520,000 $260,000 $6,980 5.99%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $9,858 6.13%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $495,000 $495,000 $7,496 6.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $460,000 $230,000 $4,445 7.00%
GREELEY, CO (FHA|USDA|VA) 1 $455,000 $455,000 $9,452 6.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $445,000 $445,000 $12,858 7.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $425,000 $425,000 $12,525 7.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $415,000 $415,000 $6,351 6.99%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $405,000 $405,000 $3,009 6.13%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $385,000 $385,000 $5,918 7.50%
READING, PA (FHA|USDA|VA) 1 $385,000 $385,000 $8,151 7.63%
Outside of Metro Areas 1 $365,000 $365,000 $3,656 7.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $355,000 $355,000 $11,835 6.25%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $355,000 $355,000 $15,909 6.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $355,000 $355,000 $4,472 7.88%
ERIE, PA (FHA|USDA|VA) 1 $285,000 $285,000 $5,193 6.99%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $285,000 $285,000 $9,976 6.75%
TYLER, TX (FHA|USDA|VA) 1 $285,000 $285,000 $12,641 6.63%
ABILENE, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,198 7.50%
COLUMBUS, OH (FHA|USDA|VA) 1 $275,000 $275,000 $9,973 5.99%
TOLEDO, OH (FHA|USDA|VA) 1 $275,000 $275,000 $7,182 6.50%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $265,000 $265,000 $2,438 7.99%
PITTSBURGH, PA (FHA|USDA|VA) 1 $255,000 $255,000 $4,893 6.99%
FORT WAYNE, IN (FHA|USDA|VA) 1 $245,000 $245,000 $1,855 6.38%
Corsicana, TX (FHA|USDA|VA) 1 $235,000 $235,000 $5,115 7.99%
Scottsburg, IN (FHA|USDA|VA) 1 $225,000 $225,000 $5,177 6.63%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.63%
Meadville, PA (FHA|USDA|VA) 1 $215,000 $215,000 $4,291 7.99%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.13%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $4,748 7.99%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $155,000 $155,000 $9,010 7.75%
Marinette, WI-MI (FHA|USDA|VA) 1 $145,000 $145,000 $5,740 7.50%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $135,000 $135,000 $3,103 7.13%
Plus Relocation Mortgage's top markets include Dallas, Washington, Minneapolis, Grand Rapids, and Los Angeles among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • North Carolina (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: 46
    South Metro Federal Credit Union
    Similarity Rank: 55
    United Bank of Michigan
    Similarity Rank: 98
    Adventure Credit Union
    Similarity Rank: 130
    Macatawa Bank
    Similarity Rank: 168
    MY Credit Union
    Similarity Rank: 225
    MICHIGAN SCHOOLS AND GOVERNMENT
    Similarity Rank: 253
    Liberty Bank for Savings
    Similarity Rank: 279
    ARBOR FINANCIAL CREDIT UNION
    Similarity Rank: 315
    Chesapeake Bank
    Similarity Rank: 396

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $52,090,000 $449,052 $8,005 6.82%
    FHA 11 $3,725,000 $338,636 $12,457 6.89%
    VA 4 $1,780,000 $445,000 $9,077 6.59%

    For 2023, Plus Relocation Mortgage's most frequently originated type of loan was Conventional, with 116 originations. Their 2nd most popular type was FHA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 131 $57,595,000 $439,656 $8,418 6.82%

    For 2023, Plus Relocation Mortgage's most frequently cited loan purpose was Home Purchase, with 131 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 126 $56,560,000 $448,889 $8,541 6.86%
    15 Year 5 $1,035,000 $207,000 $5,382 5.87%

    For 2023, Plus Relocation Mortgage's most frequently cited loan duration was 30 Year, with 126 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 46 $19,140,000 $416,087
    $5k+ 33 $20,755,000 $628,939
    $3k-4k 22 $6,550,000 $297,727
    $4k-5k 16 $5,800,000 $362,500
    $2k-3k 9 $4,235,000 $470,556
    $1k-2k 3 $685,000 $228,333

    Plus Relocation Mortgage's average total fees were $8,541, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 46 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 70 $30,580,000 $436,857
    7-8% 41 $17,705,000 $431,829
    5-6% 18 $8,500,000 $472,222
    4-5% 1 $605,000 $605,000
    Over 8% 1 $205,000 $205,000

    During 2023, Plus Relocation Mortgage's average interest rate for loans was 6.86%, while their most frequently originated rate bucket for loans was 6-7%, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 65 $19,455,000 $299,308 $6,559 6.91%
    $400k-600k 35 $17,485,000 $499,571 $8,522 6.85%
    $600k-1MM 17 $11,615,000 $683,235 $9,485 6.38%
    $100k-200k 8 $1,270,000 $158,750 $5,150 6.89%
    $1MM+ 6 $7,770,000 $1,295,000 $28,665 6.77%

    2023 saw Plus Relocation Mortgage place emphasis on $200k-400k loans with 65 originations, totaling $19,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 43 $19,295,000 $448,721 $7,293 6.87%
    $100k-150k 34 $11,470,000 $337,353 $6,738 6.83%
    $250k+ 33 $21,005,000 $636,515 $12,445 6.78%
    $75k-100k 18 $5,110,000 $283,889 $7,846 6.89%
    $50k-75k 3 $715,000 $238,333 $5,412 5.91%

    Plus Relocation Mortgage lent most frequently to those with incomes in the $150k-250k range, with 43 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $11,745,000 $405,000 $6,612 6.72%
    30-36% 26 $12,150,000 $467,308 $8,322 6.89%
    <20% 10 $3,740,000 $374,000 $8,341 6.56%
    41% 8 $3,020,000 $377,500 $7,843 6.71%
    43% 7 $2,655,000 $379,286 $7,549 7.16%
    50-60% 6 $2,260,000 $376,667 $9,868 7.10%
    39% 6 $2,900,000 $483,333 $14,405 6.83%
    46% 6 $2,840,000 $473,333 $8,813 6.58%
    47% 5 $1,885,000 $377,000 $6,352 6.60%
    48% 5 $2,905,000 $581,000 $9,676 7.12%
    36% 4 $1,060,000 $265,000 $4,642 7.56%
    42% 4 $2,580,000 $645,000 $14,003 7.28%
    37% 4 $1,880,000 $470,000 $8,356 6.81%
    38% 3 $1,575,000 $525,000 $8,688 6.46%
    44% 3 $1,645,000 $548,333 $8,391 6.96%
    45% 3 $1,765,000 $588,333 $14,013 6.25%
    49% 1 $365,000 $365,000 $9,257 6.13%
    40% 1 $625,000 $625,000 $4,583 6.38%

    Plus Relocation Mortgage lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $47,170,000 $436,759 $8,323 6.85%
    Asian 12 $6,400,000 $533,333 $10,594 6.64%
    Black 4 $1,520,000 $380,000 $5,540 6.84%
    Not provided 3 $975,000 $325,000 $7,778 6.33%
    Asian Indian 2 $940,000 $470,000 $6,022 6.81%
    American Indian 1 $315,000 $315,000 $11,835 6.25%
    Native Hawaiian or Islander 1 $275,000 $275,000 $7,198 7.50%

    Approval Rates

    Total approvals of all applications
    99.50%

    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
    74.81%

    Plus Relocation Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 131 $57,595,000 $439,656

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    131 $57,595,000 $439,656

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $770,000 $192,500 $4,337 6.37%
    40-60% 13 $5,975,000 $459,615 $9,673 6.55%
    60-80% 49 $22,585,000 $460,918 $8,211 6.90%
    80-100% 64 $28,010,000 $437,656 $8,549 6.84%
    Under 20% 1 $255,000 $255,000 $5,930 6.99%