Plus Relocation Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300EHWBP6UP4Y8J37
Tax ID: 37-1847422
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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% | 4/23/24 |
| 30 Year Conventional Refi | 6.26% | 4/23/24 |
| 30 Year Cash-out Refi | 6.71% | 4/23/24 |
| 30 Year FHA Purchase | 7.54% | 4/23/24 |
| 30 Year VA Purchase | 6.39% | 4/23/24 |
| 15 Year Conventional Purchase | 6.05% | 4/23/24 |
| 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
131Origination Dollar Volume (All Markets)
$57,595,000Relative 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% |
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.
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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
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
2023 saw Plus Relocation Mortgage place emphasis on $200k-400k loans with 65 originations, totaling $19,455,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.50%
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 origination74.81%
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 |