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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Minneapolis, Washington, Dallas, Atlanta, and Chicago among others. We have data for 92 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 9/1/24 |
| 30 Year Conventional Refi | 6.26% | 9/1/24 |
| 30 Year Cash-out Refi | 6.71% | 9/1/24 |
| 30 Year FHA Purchase | 7.54% | 9/1/24 |
| 30 Year VA Purchase | 6.39% | 9/1/24 |
| 15 Year Conventional Purchase | 6.05% | 9/1/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
332Origination Dollar Volume (All Markets)
$143,880,000Top 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) | 53 | $17,575,000 | $331,604 | $3,520 | 3.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 25 | $16,295,000 | $651,800 | $4,828 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 26 | $9,680,000 | $372,308 | $6,077 | 3.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $5,620,000 | $562,000 | $4,756 | 3.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $5,480,000 | $548,000 | $6,664 | 2.95% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $5,200,000 | $866,667 | $7,408 | 3.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $4,845,000 | $969,000 | $5,161 | 2.98% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $4,500,000 | $1,125,000 | $4,547 | 2.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $4,125,000 | $589,286 | $4,434 | 2.89% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 8 | $3,690,000 | $461,250 | $5,744 | 3.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $3,525,000 | $705,000 | $3,736 | 2.90% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $3,525,000 | $391,667 | $4,434 | 3.01% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 10 | $3,480,000 | $348,000 | $3,783 | 2.97% |
| RICHMOND, VA (FHA|USDA|VA) | 8 | $3,460,000 | $432,500 | $3,582 | 3.07% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $3,170,000 | $396,250 | $7,696 | 2.78% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $2,925,000 | $417,857 | $2,912 | 3.14% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $2,505,000 | $357,857 | $7,467 | 2.89% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 8 | $2,290,000 | $286,250 | $2,752 | 3.08% |
| Outside of Metro Areas | 6 | $2,190,000 | $365,000 | $4,262 | 3.19% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 5 | $1,985,000 | $397,000 | $5,441 | 3.32% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $1,680,000 | $420,000 | $3,628 | 2.97% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $5,444 | 3.04% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $9,628 | 2.79% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $9,010 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $6,751 | 3.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $5,138 | 2.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $4,258 | 2.87% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $5,320 | 2.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $10,671 | 3.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $6,325 | 2.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $4,244 | 3.06% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,157 | 3.19% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $5,901 | 3.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $6,399 | 2.81% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $5,459 | 3.44% |
| Brevard, NC (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,782 | 3.31% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,307 | 3.06% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $6,018 | 3.43% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $40,857 | 2.50% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $6,585 | 3.19% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,847 | 3.13% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,827 | 3.06% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $2,828 | 2.94% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,438 | 3.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,206 | 4.12% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,803 | 3.06% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,674 | 2.99% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,727 | 2.99% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,159 | 3.31% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,869 | 3.06% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,246 | 3.19% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,783 | 2.99% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,544 | 2.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $7,636 | 2.69% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,150 | 2.88% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,258 | 3.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,109 | 3.13% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,073 | 3.13% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,643 | 3.50% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,049 | 2.99% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,281 | 3.25% |
| Sanford, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,665 | 2.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,277 | 2.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,027 | 3.13% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,649 | 2.99% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,479 | 3.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,591 | 2.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,709 | 3.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,839 | 3.13% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,290 | 3.38% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,286 | 2.75% |
| Richmond, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,770 | 2.63% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,067 | 3.13% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,084 | 3.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,454 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,842 | 3.63% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,922 | 2.88% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,026 | 3.50% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,846 | 3.13% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,117 | 2.88% |
| Salem, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,553 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,019 | 3.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,365 | 3.75% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,258 | 3.38% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,339 | 4.25% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,067 | 3.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,519 | 3.25% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,904 | 3.25% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,714 | 3.38% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,026 | 2.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,420 | 3.25% |
| AKRON, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,296 | 3.38% |
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 302 | $133,870,000 | $443,278 | $4,363 | 3.03% |
| FHA | 21 | $6,115,000 | $291,190 | $9,115 | 3.31% |
| VA | 9 | $3,895,000 | $432,778 | $11,140 | 3.00% |
For 2021, Plus Relocation Mortgage's most frequently originated type of loan was Conventional, with 302 originations. Their 2nd most popular type was FHA, with 21 originations.
Loan Reason
For 2021, Plus Relocation Mortgage's most frequently cited loan purpose was Home Purchase, with 249 originations. The 2nd most popular reason was Refi, with 64 originations.
Loan Duration/Length
For 2021, Plus Relocation Mortgage's most frequently cited loan duration was 30 Year, with 291 originations. The 2nd most popular length was 15 Year, with 30 originations.
Origination Fees/Closing Costs
Plus Relocation Mortgage's average total fees were $4,995, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 272 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 152 | $61,100,000 | $401,974 |
| 2.5-3% | 150 | $71,010,000 | $473,400 |
| <2.5% | 25 | $10,405,000 | $416,200 |
| 4-5% | 5 | $1,365,000 | $273,000 |
During 2021, Plus Relocation Mortgage's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 152 originations.
Loan Sizing
2021 saw Plus Relocation Mortgage place emphasis on $200k-400k loans with 148 originations, totaling $43,870,000 in origination value.
Applicant Income
Plus Relocation Mortgage lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $150k-250k, with 103 originations.
Applicant Debt to Income Ratio
Plus Relocation Mortgage lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.08%
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 origination77.41%
Plus Relocation Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 332 | $143,880,000 | $433,373 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Pilgrim Mortgage LLC | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |