Plus Relocation Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300EHWBP6UP4Y8J37

Tax ID: 37-1847422

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 and Refi 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, Dallas, and Chicago among others. We have data for 95 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 low 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

469

Origination Dollar Volume (All Markets)

$173,375,000
Show all (7) 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) 99 $29,685,000 $299,848 $3,030 2.98%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 20 $11,830,000 $591,500 $3,590 3.05%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 12 $8,450,000 $704,167 $6,398 3.09%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 25 $8,205,000 $328,200 $5,040 3.19%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 21 $7,275,000 $346,429 $4,806 3.20%
RICHMOND, VA (FHA|USDA|VA) 17 $6,645,000 $390,882 $3,408 3.04%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 12 $6,310,000 $525,833 $2,971 3.12%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 8 $4,810,000 $601,250 $3,360 2.98%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $4,625,000 $308,333 $5,074 3.18%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 13 $4,395,000 $338,077 $3,441 3.05%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $4,235,000 $470,556 $4,617 3.15%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $3,940,000 $985,000 $6,031 2.84%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $3,700,000 $308,333 $4,582 2.99%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 12 $3,620,000 $301,667 $2,660 3.10%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $3,520,000 $440,000 $3,340 2.84%
PITTSBURGH, PA (FHA|USDA|VA) 11 $3,445,000 $313,182 $4,224 3.24%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 12 $3,360,000 $280,000 $2,987 3.08%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 5 $2,765,000 $553,000 $11,807 3.15%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $2,715,000 $905,000 $5,704 2.75%
RALEIGH-CARY, NC (FHA|USDA|VA) 7 $2,685,000 $383,571 $3,049 3.10%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $2,275,000 $325,000 $3,381 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $2,105,000 $421,000 $4,677 3.47%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,780,000 $445,000 $3,174 2.81%
BOULDER, CO (FHA|USDA|VA) 4 $1,760,000 $440,000 $2,357 2.94%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,695,000 $339,000 $5,750 2.88%
Outside of Metro Areas 6 $1,660,000 $276,667 $3,302 3.08%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,660,000 $415,000 $3,351 3.09%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,325,000 $265,000 $3,869 2.90%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,190,000 $297,500 $4,014 2.94%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,160,000 $290,000 $6,509 2.97%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $1,150,000 $575,000 $5,376 3.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $1,090,000 $272,500 $2,956 3.16%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,045,000 $348,333 $3,855 2.79%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,025,000 $1,025,000 $4,838 3.38%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $960,000 $480,000 $3,915 3.13%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $960,000 $480,000 $3,261 2.81%
VALLEJO, CA (FHA|USDA|VA) 1 $945,000 $945,000 $6,857 3.00%
COLUMBUS, OH (FHA|USDA|VA) 3 $855,000 $285,000 $4,982 3.17%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $845,000 $281,667 $4,094 3.13%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $830,000 $415,000 $3,516 2.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $780,000 $390,000 $7,281 3.06%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $760,000 $380,000 $4,454 3.25%
MADERA, CA (FHA|USDA|VA) 2 $740,000 $370,000 $2,466 3.38%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $700,000 $350,000 $3,446 2.81%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $680,000 $340,000 $7,441 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $670,000 $335,000 $4,117 3.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $665,000 $665,000 $12,744 3.63%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $665,000 $665,000 $2,214 2.88%
JACKSONVILLE, NC (FHA|USDA|VA) 4 $630,000 $157,500 $4,868 4.22%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $620,000 $310,000 $3,700 3.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $605,000 $201,667 $4,096 3.29%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $585,000 $585,000 $18,221 2.38%
Traverse City, MI (FHA|USDA|VA) 2 $570,000 $285,000 $4,093 3.50%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $550,000 $275,000 $4,049 5.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $540,000 $270,000 $4,358 3.31%
STOCKTON, CA (FHA|USDA|VA) 1 $515,000 $515,000 $2,910 2.38%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $510,000 $255,000 $2,135 3.68%
MADISON, WI (FHA|USDA|VA) 1 $505,000 $505,000 $2,009 3.13%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $455,000 $455,000 $3,924 3.50%
Iron Mountain, MI-WI (FHA|USDA|VA) 2 $430,000 $215,000 $2,427 3.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $415,000 $415,000 $2,147 2.88%
TOLEDO, OH (FHA|USDA|VA) 1 $405,000 $405,000 $3,133 3.13%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $385,000 $385,000 $4,558 3.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $385,000 $385,000 $5,000 3.63%
EL PASO, TX (FHA|USDA|VA) 2 $380,000 $190,000 $6,204 2.93%
Granbury, TX (FHA|USDA|VA) 1 $345,000 $345,000 $3,966 3.63%
MONROE, MI (FHA|USDA|VA) 1 $325,000 $325,000 $2,941 2.75%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $325,000 $325,000 $2,441 3.63%
ERIE, PA (FHA|USDA|VA) 1 $325,000 $325,000 $4,893 2.88%
WILMINGTON, NC (FHA|USDA|VA) 1 $315,000 $315,000 $2,353 2.88%
JACKSON, MI (FHA|USDA|VA) 1 $315,000 $315,000 $2,343 2.99%
Marshall, MN (FHA|USDA|VA) 1 $295,000 $295,000 $10,250 2.88%
ROCHESTER, MN (FHA|USDA|VA) 1 $285,000 $285,000 $6,217 2.63%
Brainerd, MN (FHA|USDA|VA) 1 $285,000 $285,000 $2,960 3.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $275,000 $275,000 $2,579 2.63%
Zanesville, OH (FHA|USDA|VA) 1 $265,000 $265,000 $7,243 3.75%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $255,000 $255,000 $1,533 3.38%
PUEBLO, CO (FHA|USDA|VA) 1 $245,000 $245,000 $4,195 2.13%
Sturgis, MI (FHA|USDA|VA) 1 $245,000 $245,000 $5,169 2.99%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,860 2.99%
Ludington, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,089 2.88%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $225,000 $225,000 $2,649 2.88%
MUSKEGON, MI (FHA|USDA|VA) 1 $215,000 $215,000 $2,594 2.88%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $175,000 $175,000 $2,483 3.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $175,000 $175,000 $2,931 2.88%
AKRON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,407 3.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $165,000 $165,000 $2,253 2.88%
GOLDSBORO, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,662 3.50%
Big Rapids, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,169 2.99%
Escanaba, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,081 3.50%
WACO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $2,448 2.99%
DULUTH, MN-WI (FHA|USDA|VA) 1 $125,000 $125,000 $2,223 3.25%
STAUNTON, VA (FHA|USDA|VA) 1 $125,000 $125,000 $2,471 2.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,069 3.25%
Marquette, MI (FHA|USDA|VA) 1 $75,000 $75,000 $2,467 5.50%
Plus Relocation Mortgage's top markets include Minneapolis, Washington, San Francisco, Dallas, and Chicago among others.

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

    Community West Credit Union
    Similarity Rank: 210
    KENT COUNTY CREDIT UNION
    Similarity Rank: 235
    Liberty Bank for Savings
    Similarity Rank: 312
    Glenview State Bank
    Similarity Rank: 312
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 372
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    PREFERRED CREDIT UNION
    Similarity Rank: 425
    Barley Mortgage, LLC
    Similarity Rank: 441
    Meijer Credit Union
    Similarity Rank: 490
    AAXY L.L.C.
    Similarity Rank: 522

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 438 $163,240,000 $372,694 $3,699 3.09%
    FHA 19 $5,415,000 $285,000 $8,907 3.32%
    VA 11 $4,595,000 $417,727 $6,145 2.90%
    USDA 1 $125,000 $125,000 $4,601 3.25%

    For 2020, Plus Relocation Mortgage's most frequently originated type of loan was Conventional, with 438 originations. Their 2nd most popular type was FHA, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 260 $101,450,000 $390,192 $4,980 3.13%
    Refi 184 $64,600,000 $351,087 $2,734 2.98%
    Cash Out Refi 22 $7,120,000 $323,636 $2,802 3.11%
    Other 3 $205,000 $68,333 $714 6.57%

    For 2020, Plus Relocation Mortgage's most frequently cited loan purpose was Home Purchase, with 260 originations. The 2nd most popular reason was Refi, with 184 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 404 $155,640,000 $385,248 $4,133 3.15%
    15 Year 50 $13,760,000 $275,200 $3,070 2.65%
    20 Year 12 $3,230,000 $269,167 $2,592 3.12%
    10 Year 2 $470,000 $235,000 $2,648 2.63%
    Other 1 $275,000 $275,000 $2,103 2.88%

    For 2020, Plus Relocation Mortgage's most frequently cited loan duration was 30 Year, with 404 originations. The 2nd most popular length was 15 Year, with 50 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 403 $147,675,000 $366,439
    $1k-2k 16 $5,230,000 $326,875
    $3k-4k 15 $4,885,000 $325,667
    $5k+ 15 $8,735,000 $582,333
    $4k-5k 13 $4,865,000 $374,231
    $2k-3k 7 $1,985,000 $283,571

    Plus Relocation Mortgage's average total fees were $4,133, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 403 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 214 $82,810,000 $386,963
    3-4% 202 $73,900,000 $365,842
    <2.5% 42 $13,700,000 $326,190
    4-5% 5 $2,405,000 $481,000
    5-6% 4 $440,000 $110,000
    6-7% 1 $35,000 $35,000
    7-8% 1 $85,000 $85,000

    During 2020, Plus Relocation Mortgage's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 217 $64,805,000 $298,641 $3,759 3.03%
    $400k-600k 123 $58,905,000 $478,902 $4,245 3.02%
    $100k-200k 74 $11,800,000 $159,459 $2,862 3.17%
    $600k-1MM 40 $27,920,000 $698,000 $5,571 3.15%
    $1MM+ 8 $9,410,000 $1,176,250 $9,751 2.97%
    $100,000 or less 7 $535,000 $76,429 $1,620 5.10%

    2020 saw Plus Relocation Mortgage place emphasis on $200k-400k loans with 217 originations, totaling $64,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 162 $71,630,000 $442,160 $4,100 3.09%
    $100k-150k 159 $51,075,000 $321,226 $3,655 3.11%
    $75k-100k 48 $13,110,000 $273,125 $3,618 3.08%
    $250k+ 46 $26,870,000 $584,130 $5,701 2.93%
    $50k-75k 42 $8,550,000 $203,571 $3,375 3.18%
    $50k or less 11 $1,815,000 $165,000 $3,083 3.18%

    Plus Relocation Mortgage lent most frequently to those with incomes in the $150k-250k range, with 162 originations. The second most popular income band? $100k-150k, with 159 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 154 $57,420,000 $372,857 $3,982 3.06%
    30-36% 95 $36,335,000 $382,474 $3,724 3.23%
    <20% 74 $24,130,000 $326,081 $3,475 2.92%
    39% 18 $6,990,000 $388,333 $4,342 3.08%
    41% 15 $5,615,000 $374,333 $3,884 3.06%
    46% 14 $4,930,000 $352,143 $4,146 3.06%
    38% 14 $5,160,000 $368,571 $4,913 3.66%
    36% 12 $6,510,000 $542,500 $5,392 3.15%
    40% 11 $4,715,000 $428,636 $3,929 2.94%
    44% 10 $3,600,000 $360,000 $6,159 2.96%
    42% 10 $3,780,000 $378,000 $3,962 3.31%
    37% 9 $4,355,000 $483,889 $3,781 2.99%
    43% 8 $2,770,000 $346,250 $3,569 3.22%
    45% 8 $2,470,000 $308,750 $2,905 3.01%
    48% 7 $2,215,000 $316,429 $3,620 2.91%
    49% 6 $1,500,000 $250,000 $6,410 3.19%
    47% 4 $880,000 $220,000 $3,917 3.06%

    Plus Relocation Mortgage lent most frequently to those with DTI ratios of 20-30%, with 154 originations. The next most common DTI ratio? 30-36%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 384 $138,900,000 $361,719 $3,882 3.09%
    Asian 30 $13,380,000 $446,000 $3,871 3.12%
    Not provided 27 $10,345,000 $383,148 $4,291 3.09%
    Black 23 $9,275,000 $403,261 $5,025 3.01%
    American Indian 3 $975,000 $325,000 $6,216 3.50%
    Native Hawaiian or Islander 2 $500,000 $250,000 $2,375 3.06%

    Approval Rates

    Total approvals of all applications
    98.25%

    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
    79.96%

    Plus Relocation Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 469 $173,375,000 $369,670

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 469 $173,375,000 $369,670

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $4,880,000 $271,111 $3,613 2.78%
    40-60% 46 $14,080,000 $306,087 $3,145 2.90%
    60-80% 188 $75,920,000 $403,830 $3,484 3.03%
    80-100% 207 $76,425,000 $369,203 $4,668 3.17%
    Over 100% 2 $570,000 $285,000 $7,065 2.93%
    Under 20% 6 $1,150,000 $191,667 $1,880 4.89%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Pilgrim Mortgage LLC Other type of mortgage Closing on a mortgage 1 50.0%
    Pilgrim Mortgage LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%