Plus Relocation Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Washington, San Francisco, Seattle, and Charleston among others. We have data for 75 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 6.61% 12/3/24
30 Year Conventional Refi 6.26% 12/3/24
30 Year Cash-out Refi 6.71% 12/3/24
30 Year FHA Purchase 7.54% 12/3/24
30 Year VA Purchase 6.39% 12/3/24
15 Year Conventional Purchase 6.05% 12/3/24
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

313

Origination Dollar Volume (All Markets)

$129,065,000

Awards

PLUS RELOCATION MORTGAGE 30 Year Conventional Loans silver PLUS RELOCATION MORTGAGE 30 Year Conventional Loans bronze PLUS RELOCATION MORTGAGE 30 Year Conventional Loans gold
Show all (3) awards

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) 49 $17,275,000 $352,551 $4,926 4.07%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 17 $14,185,000 $834,412 $4,944 3.97%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 11 $11,775,000 $1,070,455 $19,518 3.87%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 13 $6,205,000 $477,308 $4,470 3.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 19 $5,915,000 $311,316 $4,033 3.86%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 16 $5,230,000 $326,875 $5,135 4.12%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $4,640,000 $331,429 $6,621 3.86%
RICHMOND, VA (FHA|USDA|VA) 11 $4,615,000 $419,545 $4,404 4.02%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $4,440,000 $370,000 $5,438 3.92%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $3,525,000 $705,000 $5,951 3.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $3,500,000 $875,000 $7,565 4.38%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $3,265,000 $362,778 $4,007 3.99%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,710,000 $338,750 $6,532 3.87%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $2,550,000 $637,500 $11,022 3.88%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $2,295,000 $327,857 $5,849 4.03%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $2,290,000 $286,250 $3,106 3.99%
BOULDER, CO (FHA|USDA|VA) 4 $1,880,000 $470,000 $3,010 4.25%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $1,865,000 $373,000 $2,112 4.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,485,000 $495,000 $5,260 3.91%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,445,000 $481,667 $5,054 4.04%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $1,390,000 $231,667 $3,225 4.01%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,380,000 $345,000 $3,995 3.69%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,320,000 $660,000 $3,428 3.44%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $1,320,000 $330,000 $4,774 3.97%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,315,000 $438,333 $4,225 4.08%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $995,000 $331,667 $4,359 4.21%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $975,000 $325,000 $5,817 5.02%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $945,000 $315,000 $5,498 3.83%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $910,000 $455,000 $3,232 3.88%
EVANSVILLE, IN-KY (FHA|USDA|VA) 4 $780,000 $195,000 $5,028 4.46%
MADERA, CA (FHA|USDA|VA) 2 $740,000 $370,000 $5,538 4.56%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $740,000 $370,000 $4,322 3.88%
AKRON, OH (FHA|USDA|VA) 3 $705,000 $235,000 $5,241 4.25%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $675,000 $675,000 $5,188 4.50%
PITTSBURGH, PA (FHA|USDA|VA) 2 $600,000 $300,000 $4,017 4.00%
TOLEDO, OH (FHA|USDA|VA) 2 $590,000 $295,000 $5,054 3.93%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $575,000 $575,000 $18,494 4.25%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $540,000 $270,000 $9,408 4.37%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $490,000 $245,000 $1,753 4.06%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $485,000 $485,000 $3,909 3.88%
MADISON, WI (FHA|USDA|VA) 1 $455,000 $455,000 $2,812 4.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $445,000 $445,000 $15,742 3.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $435,000 $435,000 $11,764 4.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $420,000 $210,000 $5,818 4.29%
SHEBOYGAN, WI (FHA|USDA|VA) 2 $410,000 $205,000 $2,942 4.16%
COLUMBUS, OH (FHA|USDA|VA) 1 $405,000 $405,000 $17,376 3.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $405,000 $405,000 $4,154 4.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,036 3.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $395,000 $395,000 $7,428 4.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,401 3.92%
VALLEJO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $3,733 3.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $385,000 $385,000 $8,353 4.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $380,000 $190,000 $5,035 5.00%
FRESNO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $3,070 3.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $355,000 $355,000 $10,183 3.99%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $325,000 $325,000 $2,320 3.75%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,497 3.88%
ERIE, PA (FHA|USDA|VA) 1 $315,000 $315,000 $14,162 3.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $2,705 3.88%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $305,000 $305,000 $9,449 3.50%
Craig, CO (FHA|USDA|VA) 1 $295,000 $295,000 $9,999 4.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,426 3.75%
MUNCIE, IN (FHA|USDA|VA) 1 $235,000 $235,000 $3,636 4.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,595 3.75%
SAVANNAH, GA (FHA|USDA|VA) 1 $215,000 $215,000 $2,960 4.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,976 3.25%
Outside of Metro Areas 1 $215,000 $215,000 $3,061 4.25%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,519 4.00%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,429 4.63%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,366 3.88%
DULUTH, MN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $6,998 4.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $145,000 $145,000 $5,135 4.25%
Galesburg, IL (FHA|USDA|VA) 1 $145,000 $145,000 $1,825 4.00%
WACO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $2,933 4.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,144 3.63%
Plus Relocation Mortgage's top markets include Minneapolis, Washington, San Francisco, Seattle, and Charleston among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Texas (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.

    Barley Mortgage, LLC
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    Liberty Bank for Savings
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 272 $116,260,000 $427,426 $5,045 3.99%
    FHA 21 $6,005,000 $285,952 $8,694 4.36%
    VA 19 $6,655,000 $350,263 $9,473 4.04%
    USDA 1 $145,000 $145,000 $5,697 4.38%

    For 2019, Plus Relocation Mortgage's most frequently originated type of loan was Conventional, with 272 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 258 $107,340,000 $416,047 $6,048 4.06%
    Refi 47 $19,105,000 $406,489 $3,412 3.76%
    Cash Out Refi 7 $2,585,000 $369,286 $2,739 3.82%
    Other 1 $35,000 $35,000 $545 6.85%

    For 2019, Plus Relocation Mortgage's most frequently cited loan purpose was Home Purchase, with 258 originations. The 2nd most popular reason was Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 284 $119,670,000 $421,373 $5,727 4.09%
    15 Year 25 $7,705,000 $308,200 $3,956 3.36%
    20 Year 4 $1,690,000 $422,500 $3,753 3.63%

    For 2019, Plus Relocation Mortgage's most frequently cited loan duration was 30 Year, with 284 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 223 $90,345,000 $405,135
    $5k+ 23 $15,945,000 $693,261
    $1k-2k 21 $7,295,000 $347,381
    $2k-3k 18 $5,010,000 $278,333
    $4k-5k 15 $6,065,000 $404,333
    $3k-4k 13 $4,405,000 $338,846

    Plus Relocation Mortgage's average total fees were $5,727, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 223 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 181 $78,445,000 $433,398
    4-5% 117 $44,775,000 $382,692
    5-6% 8 $2,970,000 $371,250
    2.5-3% 5 $2,555,000 $511,000
    6-7% 1 $35,000 $35,000
    7-8% 1 $285,000 $285,000

    During 2019, Plus Relocation Mortgage's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 3-4%, with 181 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 148 $43,340,000 $292,838 $4,803 4.07%
    $400k-600k 91 $42,915,000 $471,593 $5,571 3.92%
    $100k-200k 29 $4,535,000 $156,379 $3,601 4.18%
    $600k-1MM 27 $19,135,000 $708,704 $6,814 3.87%
    $1MM+ 14 $18,850,000 $1,346,429 $16,187 3.97%
    $100,000 or less 4 $290,000 $72,500 $1,881 4.56%

    2019 saw Plus Relocation Mortgage place emphasis on $200k-400k loans with 148 originations, totaling $43,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 105 $47,685,000 $454,143 $5,381 3.99%
    $100k-150k 102 $34,850,000 $341,667 $5,113 4.02%
    $75k-100k 39 $9,235,000 $236,795 $4,024 4.23%
    $250k+ 38 $30,870,000 $812,368 $9,833 3.84%
    $50k-75k 21 $4,715,000 $224,524 $4,632 4.12%
    $50k or less 5 $645,000 $129,000 $3,234 4.39%

    Plus Relocation Mortgage lent most frequently to those with incomes in the $150k-250k range, with 105 originations. The second most popular income band? $100k-150k, with 102 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 93 $35,885,000 $385,860 $4,716 3.97%
    30-36% 62 $27,780,000 $448,065 $4,361 4.00%
    <20% 30 $10,000,000 $333,333 $4,473 3.89%
    42% 11 $5,415,000 $492,273 $7,478 3.99%
    37% 11 $4,845,000 $440,455 $9,733 4.24%
    38% 11 $5,495,000 $499,545 $4,765 3.77%
    49% 11 $4,125,000 $375,000 $9,094 4.13%
    39% 10 $4,680,000 $468,000 $7,429 4.00%
    41% 9 $3,785,000 $420,556 $4,478 4.14%
    36% 9 $4,705,000 $522,778 $5,855 4.13%
    45% 9 $2,695,000 $299,444 $5,709 4.25%
    48% 8 $2,670,000 $333,750 $4,310 4.05%
    50-60% 8 $2,740,000 $342,500 $10,355 4.09%
    40% 8 $3,420,000 $427,500 $5,085 4.18%
    44% 7 $4,175,000 $596,429 $12,123 4.28%
    47% 6 $2,430,000 $405,000 $4,770 4.55%
    46% 6 $2,640,000 $440,000 $7,824 3.94%
    43% 4 $1,580,000 $395,000 $4,589 3.91%

    Plus Relocation Mortgage lent most frequently to those with DTI ratios of 20-30%, with 93 originations. The next most common DTI ratio? 30-36%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 253 $101,585,000 $401,522 $5,293 4.03%
    Black 19 $9,985,000 $525,526 $9,350 4.11%
    Asian 21 $8,515,000 $405,476 $4,490 4.02%
    Not provided 17 $8,195,000 $482,059 $7,122 3.80%
    American Indian 3 $785,000 $261,667 $2,761 4.04%

    Approval Rates

    Total approvals of all applications
    97.96%

    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
    77.64%

    Plus Relocation Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 313 $129,065,000 $412,348

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 313 $129,065,000 $412,348

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $555,000 $185,000 $4,568 3.88%
    40-60% 19 $7,845,000 $412,895 $4,389 3.65%
    60-80% 126 $62,740,000 $497,937 $5,306 3.93%
    80-100% 158 $55,230,000 $349,557 $5,922 4.12%
    Over 100% 3 $1,045,000 $348,333 $9,082 4.13%
    Under 20% 1 $35,000 $35,000 $545 6.85%