Redwood Residential Acquisition Corporation Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300F6Y1YO2YXN6135
Tax ID: 27-1438405
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Redwood Residential Acquisition Corporation is a smaller mortgage company specializing in Home Purchase and Refi loans. Redwood Residential Acquisition Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, San Francisco, Los Angeles, Dallas, and Austin among others. We have data for 138 markets. (Some data included below & more in-depth data is available with an active subscription.)Redwood Residential Acquisition Corporation 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. Redwood Residential Acquisition Corporation 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 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 | 6.45% | 3/19/23 |
| 30 Year Conventional Refi | 6.39% | 3/19/23 |
| 30 Year Cash-out Refi | 6.52% | 3/19/23 |
| 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. | ||
Originations
888Origination Dollar Volume (All Markets)
$852,300,000Awards
REDWOOD RESIDENTIAL ACQUISITION CORPORATION - 2021
REDWOOD RESIDENTIAL ACQUISITION CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Redwood Residential Acquisition Corporation's average 30 year fixed mortgage rate was
3.05%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.1%.
Relative Fees (Closing Costs)
Redwood Residential Acquisition Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,947.
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 $4,750.
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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 73 | $85,175,000 | $1,166,781 | $11,686 | 3.07% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 63 | $72,385,000 | $1,148,968 | $10,416 | 3.05% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 65 | $68,455,000 | $1,053,154 | $10,543 | 3.03% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 56 | $53,880,000 | $962,143 | $13,024 | 3.05% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 46 | $41,560,000 | $903,478 | $12,975 | 2.97% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 44 | $37,410,000 | $850,227 | $6,367 | 3.02% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 33 | $29,945,000 | $907,424 | $11,173 | 3.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 26 | $29,360,000 | $1,129,231 | $8,305 | 3.02% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 23 | $25,525,000 | $1,109,783 | $11,504 | 3.11% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 26 | $21,540,000 | $828,462 | $7,385 | 3.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 25 | $20,015,000 | $800,600 | $9,193 | 3.24% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 17 | $17,115,000 | $1,006,765 | $7,789 | 2.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 19 | $15,945,000 | $839,211 | $7,778 | 3.11% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $15,360,000 | $853,333 | $11,455 | 2.94% |
| Outside of Metro Areas | 18 | $14,790,000 | $821,667 | $7,725 | 3.07% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 13 | $13,095,000 | $1,007,308 | $9,947 | 3.03% |
| BEND, OR (FHA|USDA|VA) | 12 | $12,090,000 | $1,007,500 | $9,403 | 3.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $11,920,000 | $993,333 | $18,262 | 2.89% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 12 | $11,380,000 | $948,333 | $6,507 | 3.19% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 7 | $8,175,000 | $1,167,857 | $9,383 | 3.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $7,885,000 | $716,818 | $9,549 | 3.19% |
| BELLINGHAM, WA (FHA|USDA|VA) | 8 | $7,600,000 | $950,000 | $9,596 | 2.98% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $7,095,000 | $788,333 | $8,280 | 3.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 7 | $6,805,000 | $972,143 | $12,890 | 3.02% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 7 | $6,795,000 | $970,714 | $7,658 | 3.11% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 8 | $6,740,000 | $842,500 | $8,428 | 3.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 7 | $6,465,000 | $923,571 | $7,922 | 2.82% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $5,670,000 | $945,000 | $5,301 | 3.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $5,535,000 | $790,714 | $13,004 | 3.11% |
| Bozeman, MT (FHA|USDA|VA) | 7 | $5,445,000 | $777,857 | $9,550 | 3.11% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $5,070,000 | $2,535,000 | $12,138 | 2.94% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $5,005,000 | $1,001,000 | $6,869 | 3.30% |
| Breckenridge, CO (FHA|USDA|VA) | 3 | $4,835,000 | $1,611,667 | $5,774 | 3.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $4,470,000 | $1,117,500 | $13,589 | 3.34% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 6 | $4,140,000 | $690,000 | $5,633 | 3.06% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $4,115,000 | $823,000 | $5,195 | 3.10% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $3,950,000 | $987,500 | $11,938 | 3.09% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $3,845,000 | $769,000 | $8,067 | 2.85% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $3,760,000 | $940,000 | $10,631 | 2.78% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $3,655,000 | $731,000 | $11,255 | 2.93% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 5 | $3,535,000 | $707,000 | $5,820 | 2.95% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $3,240,000 | $810,000 | $12,499 | 3.13% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $3,235,000 | $1,078,333 | $10,433 | 2.63% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $3,095,000 | $1,031,667 | $13,976 | 3.08% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $3,060,000 | $765,000 | $9,325 | 3.22% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 3 | $3,055,000 | $1,018,333 | $14,947 | 2.96% |
| Heber, UT (FHA|USDA|VA) | 2 | $2,980,000 | $1,490,000 | $4,827 | 2.63% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $2,800,000 | $1,400,000 | $8,777 | 3.19% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $2,675,000 | $891,667 | $8,143 | 3.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $2,675,000 | $891,667 | $8,287 | 3.42% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $2,665,000 | $888,333 | $5,142 | 3.17% |
| BOULDER, CO (FHA|USDA|VA) | 3 | $2,625,000 | $875,000 | $5,698 | 3.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $2,445,000 | $815,000 | $9,763 | 3.21% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $2,405,000 | $801,667 | $8,067 | 3.04% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $2,405,000 | $2,405,000 | $17,958 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $2,365,000 | $788,333 | $7,007 | 3.25% |
| TULSA, OK (FHA|USDA|VA) | 3 | $2,255,000 | $751,667 | $8,476 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $2,245,000 | $748,333 | $10,296 | 2.83% |
| Durango, CO (FHA|USDA|VA) | 3 | $2,245,000 | $748,333 | $4,816 | 3.17% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $2,155,000 | $718,333 | $5,405 | 3.04% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $2,145,000 | $715,000 | $7,322 | 2.88% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $2,040,000 | $1,020,000 | $6,910 | 3.19% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $2,025,000 | $675,000 | $11,408 | 2.79% |
| SALEM, OR (FHA|USDA|VA) | 2 | $2,000,000 | $1,000,000 | $23,191 | 3.00% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,990,000 | $995,000 | $13,055 | 3.06% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $1,840,000 | $920,000 | $6,142 | 2.69% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $1,810,000 | $905,000 | $5,239 | 3.06% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $1,740,000 | $870,000 | $21,675 | 3.06% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $1,680,000 | $840,000 | $2,682 | 3.25% |
| Kalispell, MT (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $16,217 | 3.06% |
| Outside of Metro Areas | 2 | $1,570,000 | $785,000 | $10,713 | 3.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $1,530,000 | $765,000 | $4,612 | 3.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $1,520,000 | $760,000 | $9,198 | 3.19% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $21,169 | 3.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $1,490,000 | $745,000 | $6,095 | 2.88% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $1,470,000 | $735,000 | $9,927 | 2.81% |
| Torrington, CT (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $9,138 | 2.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $5,500 | 2.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $9,630 | 3.13% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $1,355,000 | $1,355,000 | $4,287 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $6,213 | 3.25% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $5,833 | 3.56% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $6,221 | 3.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $5,764 | 3.31% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $1,315,000 | $1,315,000 | $3,076 | 3.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $4,184 | 3.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $5,372 | 2.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $19,048 | 2.63% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $3,591 | 2.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $7,024 | 2.88% |
| NAPA, CA (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $7,748 | 3.25% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $22,817 | 3.00% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $6,424 | 3.25% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $11,427 | 2.88% |
| Montrose, CO (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $3,955 | 3.38% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $9,185 | 3.13% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $7,495 | 3.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $11,663 | 2.38% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $8,609 | 3.25% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $19,900 | 2.38% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $17,140 | 2.75% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $6,024 | 3.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $5,760 | 3.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $15,880 | 3.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $5,239 | 2.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $3,495 | 2.50% |
| Sonora, CA (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $10,586 | 3.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $6,485 | 3.13% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $15,361 | 2.88% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $6,710 | 3.50% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $4,769 | 2.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $6,663 | 3.25% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $6,142 | 3.13% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $8,872 | 3.50% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $18,084 | 3.13% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $9,567 | 3.25% |
| Hudson, NY (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $8,284 | 2.63% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $3,637 | 3.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $10,239 | 3.50% |
| WACO, TX (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $6,871 | 3.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $10,952 | 3.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $3,459 | 3.00% |
| Helena, MT (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $14,281 | 3.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $10,230 | 3.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 3.25% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $9,122 | 3.38% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $17,696 | 3.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,450 | 3.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,465 | 3.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $6,777 | 2.63% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $4,345 | 2.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $2,452 | 2.88% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $7,094 | 3.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $8,716 | 2.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,137 | 3.50% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,777 | 3.38% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $8,619 | 3.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,389 | 3.13% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 888 | $852,300,000 | $959,797 | $9,931 | 3.05% |
For 2021, Redwood Residential Acquisition Corporation's most frequently originated type of loan was Conventional, with 888 originations.
Loan Reason
For 2021, Redwood Residential Acquisition Corporation's most frequently cited loan purpose was Home Purchase, with 463 originations. The 2nd most popular reason was Refi, with 277 originations.
Loan Duration/Length
For 2021, Redwood Residential Acquisition Corporation's most frequently cited loan duration was 30 Year, with 875 originations. The 2nd most popular length was 20 Year, with 12 originations.
Origination Fees/Closing Costs
Redwood Residential Acquisition Corporation's average total fees were $9,947, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 339 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 440 | $434,910,000 | $988,432 |
| 3-4% | 408 | $377,290,000 | $924,730 |
| <2.5% | 35 | $34,585,000 | $988,143 |
| 4-5% | 5 | $5,515,000 | $1,103,000 |
During 2021, Redwood Residential Acquisition Corporation's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 440 originations.
Loan Sizing
2021 saw Redwood Residential Acquisition Corporation place emphasis on $600k-1MM loans with 543 originations, totaling $431,835,000 in origination value.
Applicant Income
Redwood Residential Acquisition Corporation lent most frequently to those with incomes in the $250k+ range, with 516 originations. The second most popular income band? $150k-250k, with 315 originations.
Applicant Debt to Income Ratio
Redwood Residential Acquisition Corporation lent most frequently to those with DTI ratios of 20-30%, with 257 originations. The next most common DTI ratio? 30-36%, with 210 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.10%
Redwood Residential Acquisition Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination75.11%
Redwood Residential Acquisition Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 888 | $852,300,000 | $959,797 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Red Tree Mortgage LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |