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. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Charleston, Seattle, Washington, and Greeley among others. We have data for 28 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 4/22/24 |
| 30 Year Conventional Refi | 6.26% | 4/22/24 |
| 30 Year Cash-out Refi | 6.71% | 4/22/24 |
| 30 Year FHA Purchase | 7.54% | 4/22/24 |
| 30 Year VA Purchase | 6.39% | 4/22/24 |
| 15 Year Conventional Purchase | 6.05% | 4/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
53Origination Dollar Volume (All Markets)
$16,735,000Top 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) | 9 | $2,315,000 | $257,222 | $3,637 | 5.39% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 8 | $2,300,000 | $287,500 | $4,439 | 4.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,800,000 | $450,000 | $3,832 | 4.81% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $7,906 | 4.88% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $14,685 | 5.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $4,674 | 4.61% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $7,164 | 4.94% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $6,288 | 4.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,958 | 4.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,643 | 4.63% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,094 | 4.75% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,148 | 5.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,330 | 5.38% |
| Outside of Metro Areas | 1 | $295,000 | $295,000 | $8,329 | 5.25% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,292 | 4.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,032 | 5.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,396 | 4.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,734 | 5.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,486 | 4.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,217 | 5.75% |
| Worthington, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,897 | 4.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,767 | 4.88% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,968 | 5.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,905 | 5.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,174 | 5.75% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,132 | 5.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,886 | 4.75% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,278 | 5.38% |
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
For 2018, Plus Relocation Mortgage's most frequently originated type of loan was Conventional, with 43 originations. Their 2nd most popular type was FHA, with 6 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 51 | $16,255,000 | $318,725 | $4,808 | 4.92% |
| Other | 1 | $85,000 | $85,000 | $705 | 8.25% |
| Refi | 1 | $395,000 | $395,000 | $5,212 | 4.88% |
For 2018, Plus Relocation Mortgage's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Other, with 1 originations.
Loan Duration/Length
For 2018, Plus Relocation Mortgage's most frequently cited loan duration was 30 Year, with 49 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Plus Relocation Mortgage's average total fees were $4,820, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 37 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 39 | $12,445,000 | $319,103 |
| 5-6% | 13 | $4,205,000 | $323,462 |
| Over 8% | 1 | $85,000 | $85,000 |
During 2018, Plus Relocation Mortgage's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 4-5%, with 39 originations.
Loan Sizing
2018 saw Plus Relocation Mortgage place emphasis on $200k-400k loans with 34 originations, totaling $9,760,000 in origination value.
Applicant Income
Plus Relocation Mortgage lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
Plus Relocation Mortgage lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.14%
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 origination71.70%
Plus Relocation Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 53 | $16,735,000 | $315,755 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 53 | $16,735,000 | $315,755 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pilgrim Mortgage LLC | FHA mortgage | Closing on a mortgage | 1 | 100.0% |