Redwood Residential Acquisition Corporation Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300F6Y1YO2YXN6135
Tax ID: 27-1438405
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Mortgage Data
Review & Overview
Redwood Residential Acquisition Corporation is a smaller mortgage company specializing in Home Purchase loans. Redwood Residential Acquisition Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, San Francisco, Los Angeles, San Jose, and New York among others. We have data for 113 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 | 6.58% | 4/21/24 |
| 30 Year Conventional Refi | 6.55% | 4/21/24 |
| 30 Year Cash-out Refi | 6.50% | 4/21/24 |
| 15 Year Conventional Purchase | 6.29% | 4/21/24 |
| 15 Year Conventional Refi | 5.68% | 4/21/24 |
| 15 Year Cash-out Refi | 5.68% | 4/21/24 |
| 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. | ||
Redwood Residential Acquisition Corporation Mortgage Calculator
Your Estimates
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This is not an official calculator from Redwood Residential Acquisition Corporation. 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
528Origination Dollar Volume (All Markets)
$421,290,000Awards
REDWOOD RESIDENTIAL ACQUISITION CORPORATION - 2018
REDWOOD RESIDENTIAL ACQUISITION CORPORATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 44 | $36,140,000 | $821,364 | $6,897 | 4.75% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 34 | $34,080,000 | $1,002,353 | $7,630 | 5.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 35 | $32,845,000 | $938,429 | $11,406 | 4.73% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 23 | $25,145,000 | $1,093,261 | $7,184 | 4.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 21 | $22,215,000 | $1,057,857 | $17,746 | 4.95% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 25 | $16,975,000 | $679,000 | $9,602 | 4.87% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 19 | $13,135,000 | $691,316 | $7,513 | 4.76% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 16 | $11,810,000 | $738,125 | $5,643 | 4.53% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 15 | $11,335,000 | $755,667 | $11,249 | 4.86% |
| Outside of Metro Areas | 14 | $10,940,000 | $781,429 | $8,372 | 4.78% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 14 | $9,190,000 | $656,429 | $5,775 | 4.54% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 13 | $9,055,000 | $696,538 | $9,937 | 4.76% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $6,670,000 | $833,750 | $4,962 | 4.72% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $6,015,000 | $859,286 | $4,996 | 5.05% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $5,745,000 | $820,714 | $13,513 | 4.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $5,455,000 | $779,286 | $9,361 | 5.05% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 8 | $4,970,000 | $621,250 | $4,875 | 4.25% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $4,835,000 | $967,000 | $8,155 | 4.73% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $4,775,000 | $682,143 | $8,200 | 5.02% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $4,705,000 | $672,143 | $9,939 | 4.79% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $4,570,000 | $761,667 | $4,212 | 5.44% |
| BOULDER, CO (FHA|USDA|VA) | 5 | $4,305,000 | $861,000 | $7,751 | 4.73% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $4,275,000 | $855,000 | $11,265 | 4.68% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $4,125,000 | $589,286 | $9,002 | 5.00% |
| Bozeman, MT (FHA|USDA|VA) | 5 | $4,015,000 | $803,000 | $8,883 | 4.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $3,880,000 | $970,000 | $9,624 | 5.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $3,820,000 | $636,667 | $6,125 | 4.92% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $3,740,000 | $623,333 | $5,803 | 4.96% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $3,370,000 | $842,500 | $5,278 | 4.72% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $3,230,000 | $807,500 | $7,849 | 4.59% |
| BEND, OR (FHA|USDA|VA) | 4 | $3,210,000 | $802,500 | $6,530 | 5.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $3,155,000 | $631,000 | $2,891 | 4.70% |
| Heber, UT (FHA|USDA|VA) | 5 | $3,065,000 | $613,000 | $6,901 | 4.85% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $2,955,000 | $985,000 | $8,297 | 4.42% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $2,910,000 | $727,500 | $8,821 | 4.81% |
| Edwards, CO (FHA|USDA|VA) | 2 | $2,700,000 | $1,350,000 | $21,954 | 4.75% |
| Breckenridge, CO (FHA|USDA|VA) | 3 | $2,625,000 | $875,000 | $8,125 | 4.71% |
| Jackson, WY-ID (FHA|USDA|VA) | 3 | $2,605,000 | $868,333 | $3,723 | 4.67% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $2,580,000 | $645,000 | $6,375 | 4.66% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $2,365,000 | $788,333 | $3,105 | 4.75% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $2,345,000 | $781,667 | $5,639 | 4.33% |
| MADISON, WI (FHA|USDA|VA) | 4 | $2,330,000 | $582,500 | $5,608 | 4.84% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $2,215,000 | $738,333 | $20,492 | 5.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,210,000 | $1,105,000 | $8,501 | 4.38% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $2,195,000 | $731,667 | $9,265 | 4.83% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $2,175,000 | $725,000 | $7,992 | 5.08% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $2,095,000 | $698,333 | $5,112 | 4.79% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $1,950,000 | $487,500 | $3,724 | 4.66% |
| PROVO-OREM, UT (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $11,116 | 5.17% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,910,000 | $955,000 | $19,967 | 4.81% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,885,000 | $628,333 | $10,764 | 5.08% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $1,835,000 | $611,667 | $9,919 | 4.96% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $1,790,000 | $895,000 | $9,657 | 5.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,660,000 | $830,000 | $8,499 | 5.13% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,560,000 | $780,000 | $5,677 | 5.06% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $4,125 | 5.75% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $11,041 | 4.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $5,670 | 4.38% |
| Hilo, HI (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $14,622 | 5.13% |
| Easton, MD (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $18,841 | 5.50% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $1,265,000 | $1,265,000 | $14,293 | 4.63% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $6,609 | 4.44% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $3,175 | 4.63% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $8,075 | 4.06% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $12,082 | 4.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $3,003 | 4.69% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $8,850 | 4.31% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $13,105 | 4.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $5,413 | 5.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $1,075,000 | $1,075,000 | $12,616 | 4.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $7,751 | 4.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $20,063 | 5.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $4,451 | 4.19% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $5,346 | 4.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $9,526 | 5.00% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $6,465 | 6.50% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $5,516 | 5.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $9,471 | 5.13% |
| RENO, NV (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $5,715 | 4.75% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $10,448 | 5.88% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $8,019 | 4.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $4,865 | 5.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $5,544 | 5.13% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $3,084 | 4.13% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,564 | 4.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $5,928 | 5.50% |
| TYLER, TX (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $6,617 | 4.38% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $7,372 | 4.38% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $9,663 | 5.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $2,900 | 4.63% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $6,290 | 4.38% |
| Durango, CO (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,428 | 5.38% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $6,169 | 4.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,578 | 4.63% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $1,541 | 5.13% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $2,332 | 4.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,434 | 4.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $9,401 | 6.13% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $7,491 | 4.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,904 | 4.63% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $2,158 | 4.50% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,939 | 5.25% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,942 | 5.88% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $11,702 | 6.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $9,357 | 4.25% |
| Outside of Metro Areas | 1 | $525,000 | $525,000 | $4,656 | 5.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,458 | 5.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,306 | 4.50% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,115 | 4.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $1,978 | 4.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,539 | 4.25% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $7,401 | 4.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,482 | 5.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against REDWOOD RESIDENTIAL ACQUISITION CORPORATION 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 | 528 | $421,290,000 | $797,898 | $8,339 | 4.81% |
For 2018, Redwood Residential Acquisition Corporation's most frequently originated type of loan was Conventional, with 528 originations.
Loan Reason
For 2018, Redwood Residential Acquisition Corporation's most frequently cited loan purpose was Home Purchase, with 384 originations. The 2nd most popular reason was Cash Out Refi, with 78 originations.
Loan Duration/Length
For 2018, Redwood Residential Acquisition Corporation's most frequently cited loan duration was 30 Year, with 512 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
Redwood Residential Acquisition Corporation's average total fees were $8,359, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 164 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 331 | $258,355,000 | $780,529 |
| 5-6% | 157 | $130,815,000 | $833,217 |
| 3-4% | 35 | $28,475,000 | $813,571 |
| 6-7% | 5 | $3,645,000 | $729,000 |
During 2018, Redwood Residential Acquisition Corporation's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 331 originations.
Loan Sizing
2018 saw Redwood Residential Acquisition Corporation place emphasis on $600k-1MM loans with 281 originations, totaling $216,365,000 in origination value.
Applicant Income
Redwood Residential Acquisition Corporation lent most frequently to those with incomes in the $250k+ range, with 265 originations. The second most popular income band? $150k-250k, with 198 originations.
Applicant Debt to Income Ratio
Redwood Residential Acquisition Corporation lent most frequently to those with DTI ratios of 30-36%, with 118 originations. The next most common DTI ratio? 20-30%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.77%
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 origination55.49%
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 | 528 | $421,290,000 | $797,898 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 528 | $421,290,000 | $797,898 |