Redwood Residential Acquisition Corporation Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300F6Y1YO2YXN6135

Tax ID: 27-1438405

1 stars - out of 5 stars, based on 30 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Seattle, San Francisco, Los Angeles, Dallas, and Austin among others. Redwood Residential Acquisition Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Redwood Residential Acquisition Corporation is typically a high fee lendor.


Originations

888

Origination Dollar Volume (All Markets)

$852,300,000

Awards

REDWOOD RESIDENTIAL ACQUISITION CORPORATION 30 Year Conventional Loans bronze REDWOOD RESIDENTIAL ACQUISITION CORPORATION 30 Year Conventional Loans silver REDWOOD RESIDENTIAL ACQUISITION CORPORATION 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

Redwood Residential Acquisition Corporation's average 30 year fixed rate mortgage of loans were 3.05%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.1%.

Relative Fees

Redwood Residential Acquisition Corporation's average total fees for a 30 year fixed rate mortgage are $9,947.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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%

Redwood Residential Acquisition Corporation's top markets include Seattle, San Francisco, Los Angeles, Dallas, and Austin among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 888 $852,300,000 $959,797 $9,931 3.05%

For the 2021 period, Redwood Residential Acquisition Corporation's most frequently originated loan type of loans were Conventional, with 888 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 463 $448,655,000 $969,017 $10,145 3.09%
Refi 277 $270,035,000 $974,856 $9,858 2.97%
Cash Out Refi 148 $133,610,000 $902,770 $9,402 3.10%

For the 2021, Redwood Residential Acquisition Corporation's most frequently cited loan purpose of loans were Home Purchase, with 463 originations. The 2nd most popular reason of loans were Refi, with 277 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 875 $838,635,000 $958,440 $9,947 3.05%
20 Year 12 $11,880,000 $990,000 $8,912 2.95%
Other 1 $1,785,000 $1,785,000 $8,454 2.88%

For the 2021, Redwood Residential Acquisition Corporation's most frequently cited loan length of loans were 30 Year, with 875 originations. The 2nd most popular length of loans were 20 Year, with 12 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 339 $337,355,000 $995,147
$1k-2k 294 $286,020,000 $972,857
$3k-4k 128 $115,960,000 $905,938
$<1k 64 $58,510,000 $914,219
$2k-3k 58 $49,740,000 $857,586

$9,947 of loans were Redwood Residential Acquisition Corporation's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.05%, while their most frequently originated rate bucket of loans were 2.5-3%, with 440 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$600k-1MM 543 $431,835,000 $795,276 $8,818 3.06%
$1MM+ 305 $397,625,000 $1,303,689 $12,238 3.03%
$400k-600k 39 $22,515,000 $577,308 $7,330 3.11%
$200k-400k 1 $325,000 $325,000 $10,054 3.38%

2021 saw Redwood Residential Acquisition Corporation place emphasis on $600k-1MM loans with 543 originations, totaling $431,835,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 516 $547,730,000 $1,061,492 $11,014 3.06%
$150k-250k 315 $265,765,000 $843,698 $8,410 3.05%
$100k-150k 55 $37,405,000 $680,091 $8,580 3.06%
$50k-75k 1 $705,000 $705,000 $13,895 3.25%
$75k-100k 1 $695,000 $695,000 $3,297 3.00%

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

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 257 $241,825,000 $940,953 $10,252 3.04%
30-36% 210 $199,930,000 $952,048 $10,154 3.06%
<20% 64 $66,560,000 $1,040,000 $9,766 3.00%
42% 53 $49,475,000 $933,491 $10,638 3.00%
36% 52 $48,930,000 $940,962 $8,723 3.08%
41% 48 $45,890,000 $956,042 $9,155 3.06%
37% 46 $45,670,000 $992,826 $8,808 3.04%
38% 45 $44,625,000 $991,667 $8,255 3.00%
39% 42 $39,200,000 $933,333 $9,043 3.12%
40% 39 $39,085,000 $1,002,179 $10,266 3.04%
44% 12 $11,300,000 $941,667 $17,074 3.02%
46% 6 $4,220,000 $703,333 $13,463 3.23%
49% 4 $3,880,000 $970,000 $7,623 3.63%
43% 3 $4,695,000 $1,565,000 $16,971 2.92%
45% 3 $2,685,000 $895,000 $7,102 3.33%
47% 2 $1,830,000 $915,000 $8,712 3.88%
48% 2 $2,500,000 $1,250,000 $3,800 3.31%

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

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 644 $611,140,000 $948,975 $9,882 3.06%
Not provided 157 $156,075,000 $994,108 $10,802 3.04%
Asian 60 $62,070,000 $1,034,500 $8,987 3.04%
Black 11 $9,085,000 $825,909 $7,822 3.02%
Asian Indian 10 $8,570,000 $857,000 $7,683 3.05%
American Indian 5 $4,515,000 $903,000 $10,687 2.90%
Samoan 1 $845,000 $845,000 $4,377 2.88%

Approval Rates

Total approvals of all applications
98.34%

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 origination
58.58%

Redwood Residential Acquisition Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 888 $852,300,000 $959,797

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
888 $852,300,000 $959,797

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 30 $27,910,000 $930,333 $8,444 2.98%
40-60% 166 $168,150,000 $1,012,952 $10,125 3.02%
60-80% 486 $463,130,000 $952,942 $9,682 3.04%
80-100% 205 $192,155,000 $937,341 $10,603 3.11%
Under 20% 1 $955,000 $955,000 $5,562 3.13%

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%