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, Los Angeles, San Francisco, Phoenix, and Minneapolis among others. We have data for 132 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.58% | 12/16/24 |
| 30 Year Conventional Refi | 6.55% | 12/16/24 |
| 30 Year Cash-out Refi | 6.50% | 12/16/24 |
| 15 Year Conventional Purchase | 6.29% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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
557Origination Dollar Volume (All Markets)
$463,935,000Top 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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 49 | $46,765,000 | $954,388 | $7,142 | 4.56% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 36 | $35,420,000 | $983,889 | $8,686 | 4.71% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 27 | $28,175,000 | $1,043,519 | $6,834 | 4.79% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 29 | $20,525,000 | $707,759 | $7,316 | 4.74% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 22 | $19,990,000 | $908,636 | $5,129 | 4.30% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 26 | $18,210,000 | $700,385 | $9,325 | 4.56% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 20 | $16,360,000 | $818,000 | $10,181 | 4.44% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 13 | $14,305,000 | $1,100,385 | $10,779 | 4.70% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 14 | $13,850,000 | $989,286 | $8,267 | 4.66% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 18 | $12,750,000 | $708,333 | $6,083 | 4.40% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 14 | $9,590,000 | $685,000 | $8,050 | 4.54% |
| Outside of Metro Areas | 11 | $8,505,000 | $773,182 | $9,080 | 4.52% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $7,660,000 | $766,000 | $5,805 | 4.69% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $7,080,000 | $885,000 | $7,742 | 4.52% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $6,865,000 | $980,714 | $7,352 | 4.45% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $6,710,000 | $671,000 | $5,883 | 4.79% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 7 | $6,515,000 | $930,714 | $4,909 | 4.79% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 10 | $6,470,000 | $647,000 | $6,781 | 4.86% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $5,780,000 | $722,500 | $11,175 | 5.05% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $5,415,000 | $773,571 | $9,808 | 4.61% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $5,045,000 | $720,714 | $7,452 | 4.59% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $4,470,000 | $745,000 | $5,638 | 4.52% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $4,425,000 | $885,000 | $3,853 | 4.58% |
| BEND, OR (FHA|USDA|VA) | 6 | $4,200,000 | $700,000 | $9,098 | 4.23% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $4,050,000 | $1,012,500 | $10,751 | 4.59% |
| BOISE CITY, ID (FHA|USDA|VA) | 6 | $3,830,000 | $638,333 | $6,748 | 4.42% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $3,755,000 | $751,000 | $2,221 | 4.60% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $3,710,000 | $927,500 | $5,564 | 4.44% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $3,510,000 | $877,500 | $6,224 | 4.47% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $3,495,000 | $1,165,000 | $11,511 | 4.83% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $3,355,000 | $1,118,333 | $4,949 | 4.63% |
| MADISON, WI (FHA|USDA|VA) | 5 | $3,335,000 | $667,000 | $3,299 | 4.28% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $3,315,000 | $1,105,000 | $10,321 | 4.83% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $3,270,000 | $817,500 | $6,129 | 4.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $2,980,000 | $745,000 | $7,978 | 5.16% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $2,905,000 | $968,333 | $7,762 | 4.50% |
| NAPA, CA (FHA|USDA|VA) | 3 | $2,855,000 | $951,667 | $3,343 | 4.75% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $2,785,000 | $928,333 | $8,161 | 4.92% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $2,665,000 | $888,333 | $12,811 | 4.63% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 3 | $2,575,000 | $858,333 | $5,417 | 4.25% |
| Heber, UT (FHA|USDA|VA) | 2 | $2,380,000 | $1,190,000 | $6,318 | 4.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $2,375,000 | $791,667 | $4,461 | 4.58% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $2,345,000 | $781,667 | $14,103 | 5.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $2,335,000 | $778,333 | $5,165 | 4.38% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $2,260,000 | $1,130,000 | $8,102 | 5.13% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $2,105,000 | $701,667 | $7,428 | 4.54% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $2,005,000 | $668,333 | $7,194 | 4.21% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,985,000 | $661,667 | $5,309 | 4.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $1,850,000 | $925,000 | $8,229 | 4.38% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $1,840,000 | $920,000 | $5,769 | 4.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $1,820,000 | $910,000 | $12,989 | 4.31% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $1,720,000 | $860,000 | $6,451 | 5.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $1,680,000 | $840,000 | $10,867 | 5.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 3 | $1,655,000 | $551,667 | $2,593 | 4.08% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $1,620,000 | $810,000 | $7,422 | 4.56% |
| Edwards, CO (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $8,936 | 3.88% |
| Hilo, HI (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $7,722 | 4.94% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $31,330 | 4.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $1,485,000 | $1,485,000 | $7,748 | 4.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $1,480,000 | $740,000 | $12,238 | 5.25% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $5,980 | 4.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $7,088 | 5.25% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $3,754 | 3.50% |
| Outside of Metro Areas | 2 | $1,420,000 | $710,000 | $8,945 | 4.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $7,386 | 4.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $1,315,000 | $1,315,000 | $149 | 4.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $12,638 | 3.75% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $13,491 | 5.06% |
| MADERA, CA (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $9,950 | 4.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $5,297 | 4.94% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $11,795 | 4.75% |
| MERCED, CA (FHA|USDA|VA) | 2 | $1,180,000 | $590,000 | $10,184 | 4.56% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $9,215 | 4.56% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $7,639 | 5.13% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $8,259 | 4.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $5,340 | 4.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $10,114 | 4.50% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $3,666 | 4.63% |
| Durango, CO (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $4,576 | 5.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $5,296 | 4.44% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $14,112 | 4.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $8,582 | 4.63% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $5,981 | 4.38% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $6,074 | 5.38% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $2,469 | 4.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $3,602 | 5.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $27,437 | 6.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $7,445 | 4.63% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $5,034 | 3.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $4,185 | 4.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $8,067 | 4.00% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $9,023 | 5.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $6,179 | 3.88% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $9,144 | 5.63% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $1,747 | 4.38% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $6,267 | 5.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $5,328 | 3.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $16,807 | 5.38% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $4,997 | 4.75% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $4,419 | 4.38% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $5,767 | 5.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $5,213 | 4.63% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $10,023 | 4.88% |
| Prineville, OR (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $4,279 | 4.38% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $3,474 | 4.63% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,215 | 4.13% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $6,189 | 5.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $3,165 | 3.88% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,673 | 4.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $6,343 | 4.75% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $3,881 | 5.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $7,574 | 5.88% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $9,213 | 3.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,647 | 4.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $13,453 | 5.38% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $12,483 | 3.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $12,351 | 4.13% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $6,467 | 4.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $7,634 | 4.88% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,946 | 4.63% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $6,168 | 5.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $14,120 | 5.75% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $7,122 | 5.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,532 | 4.75% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,362 | 5.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $10,493 | 5.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,853 | 5.50% |
| Brenham, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,906 | 4.38% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,381 | 4.25% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,959 | 4.63% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $535 | 6.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,451 | 7.00% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 557 | $463,935,000 | $832,917 | $7,556 | 4.63% |
For 2019, Redwood Residential Acquisition Corporation's most frequently originated type of loan was Conventional, with 557 originations.
Loan Reason
For 2019, Redwood Residential Acquisition Corporation's most frequently cited loan purpose was Home Purchase, with 357 originations. The 2nd most popular reason was Refi, with 102 originations.
Loan Duration/Length
For 2019, Redwood Residential Acquisition Corporation's most frequently cited loan duration was 30 Year, with 533 originations. The 2nd most popular length was 15 Year, with 22 originations.
Origination Fees/Closing Costs
Redwood Residential Acquisition Corporation's average total fees were $7,636, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 190 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 316 | $261,720,000 | $828,228 |
| 5-6% | 124 | $99,970,000 | $806,210 |
| 3-4% | 112 | $98,830,000 | $882,411 |
| 6-7% | 5 | $3,415,000 | $683,000 |
During 2019, Redwood Residential Acquisition Corporation's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 316 originations.
Loan Sizing
2019 saw Redwood Residential Acquisition Corporation place emphasis on $600k-1MM loans with 311 originations, totaling $239,925,000 in origination value.
Applicant Income
Redwood Residential Acquisition Corporation lent most frequently to those with incomes in the $250k+ range, with 308 originations. The second most popular income band? $150k-250k, with 208 originations.
Applicant Debt to Income Ratio
Redwood Residential Acquisition Corporation lent most frequently to those with DTI ratios of 30-36%, with 133 originations. The next most common DTI ratio? 20-30%, with 106 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.70%
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 origination53.14%
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 | 557 | $463,935,000 | $832,917 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 557 | $463,935,000 | $832,917 |