Ruoff Mortgage Company Rates, Fees & Info

Indianapolis, IN

LEI: 549300GSCUJKJINRJ980

Tax ID: 35-1616238

2020 Data | 2019 Data | 2018 Data


Overview

Ruoff Mortgage Company is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Ruoff Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Indianapolis, Fort Wayne, Cincinnati, Columbus, and Bloomington among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Ruoff Mortgage Company is typically a low fee lendor.


Originations

30,181

Origination Dollar Volume (All Markets)

$5,547,725,000

Relative Rate

Ruoff Mortgage Company 's average 30 year fixed rate mortgage was 3.37%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of 0.01%.

Relative Fees

Ruoff Mortgage Company 's average total fees for a 30 year fixed rate mortgage are $2,640.

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 $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 22,596 $4,305,970,000 $190,563 $2,258 3.21%
FHA 4,695 $738,345,000 $157,262 $4,003 3.53%
USDA 1,550 $209,280,000 $135,019 $2,225 3.49%
VA 1,340 $294,130,000 $219,500 $4,664 3.31%

For the 2020 period, Ruoff Mortgage Company 's most frequently originated loan type was Conventional, with 22,596 originations. Their 2nd most popular type is FHA, with 4,695 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 16,563 $2,959,315,000 $178,670 $2,567 3.37%
Refi 9,861 $1,937,095,000 $196,440 $2,474 3.12%
Cash Out Refi 3,756 $651,080,000 $173,344 $3,008 3.29%
Home Improvement 1 $235,000 $235,000 $6,114 4.13%

For the 2020, Ruoff Mortgage Company 's most frequently cited loan purpose was Home Purchase, with 16,563 originations. The 2nd most popular reason was Refi, with 9,861 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 24,911 $4,595,895,000 $184,493 $2,640 3.35%
15 Year 3,394 $590,270,000 $173,916 $2,384 2.85%
20 Year 1,054 $204,120,000 $193,662 $2,389 3.17%
Other 595 $124,375,000 $209,034 $2,379 3.20%
10 Year 227 $33,065,000 $145,661 $2,231 2.72%

For the 2020, Ruoff Mortgage Company 's most frequently cited loan length was 30 Year, with 24,911 originations. The 2nd most popular length was 15 Year, with 3,394 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 16,293 $3,153,905,000 $193,574
$<1k 11,500 $1,948,560,000 $169,440
$2k-3k 1,055 $214,045,000 $202,886
$3k-4k 458 $111,550,000 $243,559
$5k+ 80 $29,750,000 $371,875

$2,640 was Ruoff Mortgage Company 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 16,293 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
INDIANAPOLIS-CARMEL-ANDERSON, IN 5,924 $1,258,980,000 $212,522 $2,612 3.25%
Outside of Metro Areas 5,227 $800,665,000 $153,179 $2,402 3.37%
FORT WAYNE, IN 3,396 $578,730,000 $170,415 $2,443 3.28%
CINCINNATI, OH-KY-IN 1,393 $298,985,000 $214,634 $2,912 3.22%
COLUMBUS, OH 1,202 $260,490,000 $216,714 $3,444 3.23%
BLOOMINGTON, IN 1,113 $244,455,000 $219,636 $2,502 3.14%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 996 $197,310,000 $198,102 $2,707 3.17%
SOUTH BEND-MISHAWAKA, IN-MI 1,031 $166,595,000 $161,586 $2,511 3.39%
LAFAYETTE-WEST LAFAYETTE, IN 919 $161,895,000 $176,164 $2,398 3.34%
WARREN-TROY-FARMINGTON HILLS, MI 589 $121,985,000 $207,105 $2,829 3.25%
TERRE HAUTE, IN 918 $118,350,000 $128,922 $2,166 3.47%
GARY, IN 552 $109,850,000 $199,004 $2,320 3.23%
ELKHART-GOSHEN, IN 612 $103,460,000 $169,052 $2,584 3.35%
COLUMBUS, IN 456 $95,910,000 $210,329 $2,294 3.29%
AKRON, OH 569 $93,095,000 $163,612 $2,810 3.27%
GRAND RAPIDS-KENTWOOD, MI 304 $67,430,000 $221,809 $2,488 3.22%
CLEVELAND-ELYRIA, OH 355 $65,485,000 $184,465 $3,106 3.27%
MUNCIE, IN 445 $58,545,000 $131,562 $2,144 3.41%
EVANSVILLE, IN-KY 320 $51,110,000 $159,719 $2,219 3.28%
KOKOMO, IN 375 $50,555,000 $134,813 $2,065 3.34%
DETROIT-DEARBORN-LIVONIA, MI 241 $43,835,000 $181,888 $2,675 3.27%
NILES, MI 215 $35,955,000 $167,233 $2,625 3.26%
ANN ARBOR, MI 148 $35,010,000 $236,554 $2,588 3.10%
JACKSON, MI 229 $34,725,000 $151,638 $2,508 3.29%
OWENSBORO, KY 189 $30,665,000 $162,249 $2,834 3.33%
TOLEDO, OH 171 $27,585,000 $161,316 $2,723 3.31%
DAYTON-KETTERING, OH 142 $25,630,000 $180,493 $3,141 3.29%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 113 $21,135,000 $187,035 $2,972 2.95%
CANTON-MASSILLON, OH 122 $20,430,000 $167,459 $2,641 3.22%
BOWLING GREEN, KY 91 $19,065,000 $209,505 $2,691 3.17%
NORTH PORT-SARASOTA-BRADENTON, FL 74 $16,720,000 $225,946 $3,508 3.20%
KALAMAZOO-PORTAGE, MI 88 $15,740,000 $178,864 $2,242 3.31%
DENVER-AURORA-LAKEWOOD, CO 47 $15,345,000 $326,489 $2,840 3.15%
MICHIGAN CITY-LA PORTE, IN 91 $13,115,000 $144,121 $2,332 3.39%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 44 $12,940,000 $294,091 $2,343 3.19%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 39 $11,975,000 $307,051 $2,898 2.94%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 66 $10,660,000 $161,515 $2,439 3.11%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 50 $9,460,000 $189,200 $3,480 3.05%
CHICAGO-NAPERVILLE-EVANSTON, IL 39 $9,225,000 $236,538 $2,506 3.30%
COLUMBUS, GA-AL 48 $9,120,000 $190,000 $2,871 3.27%
FLINT, MI 42 $8,060,000 $191,905 $2,950 3.22%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 38 $7,570,000 $199,211 $2,846 2.98%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 30 $7,120,000 $237,333 $3,903 2.91%
KANSAS CITY, MO-KS 34 $6,320,000 $185,882 $3,233 3.02%
MONROE, MI 31 $5,955,000 $192,097 $3,137 3.13%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 20 $5,440,000 $272,000 $2,128 3.07%
CAPE CORAL-FORT MYERS, FL 23 $5,415,000 $235,435 $3,068 3.13%
LANSING-EAST LANSING, MI 35 $5,005,000 $143,000 $2,563 3.33%
NAPLES-MARCO ISLAND, FL 15 $4,765,000 $317,667 $3,501 3.18%
ORLANDO-KISSIMMEE-SANFORD, FL 23 $4,545,000 $197,609 $3,565 3.36%
LEXINGTON-FAYETTE, KY 23 $4,485,000 $195,000 $2,736 3.10%
KNOXVILLE, TN 24 $4,150,000 $172,917 $2,879 2.95%
RALEIGH-CARY, NC 23 $3,985,000 $173,261 $2,259 3.05%
RICHMOND, VA 20 $3,630,000 $181,500 $3,219 3.09%
BATTLE CREEK, MI 23 $3,555,000 $154,565 $2,736 3.26%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 14 $3,160,000 $225,714 $4,842 3.19%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 20 $3,150,000 $157,500 $3,025 3.14%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 19 $3,125,000 $164,474 $2,912 2.95%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 11 $3,095,000 $281,364 $3,410 3.23%
JACKSONVILLE, FL 18 $3,090,000 $171,667 $4,148 3.06%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 18 $2,930,000 $162,778 $3,310 3.33%
SPRINGFIELD, OH 14 $2,770,000 $197,857 $4,495 3.32%
PHOENIX-MESA-CHANDLER, AZ 12 $2,710,000 $225,833 $2,904 2.78%
PORTLAND-SOUTH PORTLAND, ME 14 $2,650,000 $189,286 $3,355 2.98%
PUNTA GORDA, FL 11 $2,615,000 $237,727 $3,400 3.33%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 12 $2,610,000 $217,500 $2,567 2.82%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 14 $2,600,000 $185,714 $3,474 2.97%
ST. LOUIS, MO-IL 17 $2,545,000 $149,706 $2,369 2.79%
PALM BAY-MELBOURNE-TITUSVILLE, FL 15 $2,475,000 $165,000 $3,104 2.87%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 12 $2,380,000 $198,333 $3,837 2.97%
CHARLESTON-NORTH CHARLESTON, SC 15 $2,345,000 $156,333 $3,272 2.95%
THE VILLAGES, FL 10 $1,970,000 $197,000 $3,027 2.91%
BRIDGEPORT-STAMFORD-NORWALK, CT 6 $1,950,000 $325,000 $3,344 3.02%
AUGUSTA-RICHMOND COUNTY, GA-SC 11 $1,935,000 $175,909 $4,981 2.98%
OKLAHOMA CITY, OK 15 $1,865,000 $124,333 $3,867 3.07%
GREENVILLE-ANDERSON, SC 14 $1,790,000 $127,857 $3,525 3.02%
LAKELAND-WINTER HAVEN, FL 10 $1,770,000 $177,000 $3,734 3.16%
DURHAM-CHAPEL HILL, NC 9 $1,765,000 $196,111 $2,454 2.89%
BIRMINGHAM-HOOVER, AL 12 $1,700,000 $141,667 $3,131 3.34%
DALLAS-PLANO-IRVING, TX 8 $1,680,000 $210,000 $2,532 3.05%
PORT ST. LUCIE, FL 10 $1,630,000 $163,000 $2,842 3.01%
COLUMBIA, SC 11 $1,615,000 $146,818 $3,140 3.14%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 5 $1,545,000 $309,000 $3,827 3.05%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 6 $1,540,000 $256,667 $3,319 3.02%
PROVIDENCE-WARWICK, RI-MA 10 $1,520,000 $152,000 $2,937 2.93%
OCALA, FL 11 $1,505,000 $136,818 $3,075 3.27%
AUBURN-OPELIKA, AL 7 $1,475,000 $210,714 $4,442 3.14%
ELIZABETHTOWN-FORT KNOX, KY 9 $1,475,000 $163,889 $3,181 3.10%
MIAMI-MIAMI BEACH-KENDALL, FL 5 $1,465,000 $293,000 $3,729 3.00%
SAVANNAH, GA 10 $1,460,000 $146,000 $3,258 2.96%
CHATTANOOGA, TN-GA 13 $1,455,000 $111,923 $3,293 2.99%
WILMINGTON, DE-MD-NJ 10 $1,420,000 $142,000 $2,841 2.89%
MUSKEGON, MI 10 $1,410,000 $141,000 $2,206 3.36%
MEMPHIS, TN-MS-AR 8 $1,390,000 $173,750 $3,248 3.00%
HILTON HEAD ISLAND-BLUFFTON, SC 6 $1,360,000 $226,667 $3,324 3.00%
GREENSBORO-HIGH POINT, NC 11 $1,335,000 $121,364 $1,966 3.22%
CLARKSVILLE, TN-KY 7 $1,275,000 $182,143 $2,026 3.11%
WINSTON-SALEM, NC 10 $1,240,000 $124,000 $1,521 3.28%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 6 $1,220,000 $203,333 $4,207 3.08%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 8 $1,160,000 $145,000 $2,758 2.89%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 6 $1,160,000 $193,333 $3,468 3.58%
MACON-BIBB COUNTY, GA 7 $1,105,000 $157,857 $2,844 2.93%
FAYETTEVILLE, NC 9 $1,105,000 $122,778 $2,830 3.01%
DOVER, DE 7 $1,095,000 $156,429 $3,091 2.84%
BOSTON, MA 3 $1,015,000 $338,333 $2,429 3.25%
KINGSPORT-BRISTOL, TN-VA 8 $1,010,000 $126,250 $2,652 2.78%
COLORADO SPRINGS, CO 5 $985,000 $197,000 $3,003 3.03%
MANSFIELD, OH 6 $920,000 $153,333 $2,953 3.29%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 2 $920,000 $460,000 $6,733 3.19%
DES MOINES-WEST DES MOINES, IA 4 $880,000 $220,000 $2,168 3.38%
HICKORY-LENOIR-MORGANTON, NC 6 $870,000 $145,000 $3,137 3.04%
FORT SMITH, AR-OK 4 $850,000 $212,500 $3,033 3.06%
PHILADELPHIA, PA 5 $835,000 $167,000 $4,125 3.28%
ROANOKE, VA 4 $830,000 $207,500 $2,457 2.81%
TULSA, OK 6 $820,000 $136,667 $5,266 3.00%
PITTSBURGH, PA 7 $815,000 $116,429 $3,843 3.39%
SALISBURY, MD-DE 7 $805,000 $115,000 $3,475 3.02%
SPRINGFIELD, MO 8 $780,000 $97,500 $2,940 3.14%
PENSACOLA-FERRY PASS-BRENT, FL 5 $765,000 $153,000 $2,656 2.85%
MIDLAND, MI 3 $725,000 $241,667 $3,002 3.08%
MANCHESTER-NASHUA, NH 2 $700,000 $350,000 $2,465 2.81%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 2 $690,000 $345,000 $1,960 2.75%
ASHEVILLE, NC 5 $675,000 $135,000 $2,594 3.00%
WORCESTER, MA-CT 1 $675,000 $675,000 $115 4.13%
PUEBLO, CO 5 $675,000 $135,000 $3,259 3.23%
GREELEY, CO 3 $665,000 $221,667 $2,702 3.13%
PANAMA CITY, FL 4 $660,000 $165,000 $2,901 2.97%
ERIE, PA 4 $650,000 $162,500 $4,069 3.06%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 2 $640,000 $320,000 $2,962 3.38%
ST. CLOUD, MN 4 $610,000 $152,500 $2,959 3.19%
GAINESVILLE, GA 4 $570,000 $142,500 $1,904 2.63%
JONESBORO, AR 3 $565,000 $188,333 $4,286 3.21%
FORT COLLINS, CO 2 $560,000 $280,000 $2,744 3.00%
BALTIMORE-COLUMBIA-TOWSON, MD 2 $550,000 $275,000 $2,200 2.81%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 1 $545,000 $545,000 $0 3.00%
OMAHA-COUNCIL BLUFFS, NE-IA 3 $535,000 $178,333 $3,910 3.04%
SEBRING-AVON PARK, FL 4 $530,000 $132,500 $2,665 2.94%
HOMOSASSA SPRINGS, FL 4 $510,000 $127,500 $2,977 3.16%
LYNCHBURG, VA 4 $510,000 $127,500 $2,587 2.84%
SAGINAW, MI 4 $510,000 $127,500 $2,562 2.81%
NEW BERN, NC 4 $500,000 $125,000 $1,990 2.88%
WACO, TX 2 $490,000 $245,000 $2,532 3.63%
FLORENCE, SC 3 $475,000 $158,333 $3,678 3.13%
WEIRTON-STEUBENVILLE, WV-OH 4 $470,000 $117,500 $4,894 3.44%
BURLINGTON, NC 3 $465,000 $155,000 $2,737 3.33%
HARRISONBURG, VA 2 $460,000 $230,000 $5,135 2.94%
SUMTER, SC 2 $450,000 $225,000 $3,590 3.06%
SPARTANBURG, SC 3 $445,000 $148,333 $1,456 2.92%
HOT SPRINGS, AR 3 $445,000 $148,333 $2,798 3.00%
BURLINGTON-SOUTH BURLINGTON, VT 2 $440,000 $220,000 $3,004 3.25%
MADISON, WI 1 $435,000 $435,000 $1,660 2.88%
TUSCALOOSA, AL 4 $430,000 $107,500 $2,742 2.97%
AMES, IA 2 $430,000 $215,000 $2,964 3.75%
JACKSON, MS 3 $405,000 $135,000 $3,177 2.79%
VALDOSTA, GA 2 $400,000 $200,000 $3,320 2.88%
GULFPORT-BILOXI, MS 3 $395,000 $131,667 $2,490 2.79%
CHARLOTTESVILLE, VA 2 $390,000 $195,000 $4,808 2.63%
GAINESVILLE, FL 1 $385,000 $385,000 $3,640 3.63%
DAPHNE-FAIRHOPE-FOLEY, AL 1 $385,000 $385,000 $3,271 2.88%
HATTIESBURG, MS 3 $385,000 $128,333 $2,221 2.96%
CORPUS CHRISTI, TX 1 $375,000 $375,000 $0 4.38%
ROCHESTER, MN 2 $370,000 $185,000 $1,203 2.75%
WICHITA, KS 3 $365,000 $121,667 $2,358 2.67%
TUCSON, AZ 1 $365,000 $365,000 $1,995 2.50%
VISALIA, CA 1 $365,000 $365,000 $2,514 2.63%
WILMINGTON, NC 2 $360,000 $180,000 $1,592 2.81%
BOULDER, CO 2 $350,000 $175,000 $2,058 2.50%
ALBUQUERQUE, NM 1 $345,000 $345,000 $4,165 3.38%
BEAUMONT-PORT ARTHUR, TX 1 $345,000 $345,000 $4,583 3.25%
DULUTH, MN-WI 4 $340,000 $85,000 $2,899 2.91%
SEBASTIAN-VERO BEACH, FL 2 $340,000 $170,000 $3,821 3.38%
GETTYSBURG, PA 1 $335,000 $335,000 $9,901 3.50%
LAWTON, OK 3 $335,000 $111,667 $4,556 3.38%
ST. JOSEPH, MO-KS 1 $335,000 $335,000 $8,569 3.88%
WINCHESTER, VA-WV 1 $325,000 $325,000 $4,923 2.75%
NEWARK, NJ-PA 1 $325,000 $325,000 $5,642 2.88%
HUNTSVILLE, AL 2 $320,000 $160,000 $3,727 2.75%
LAWRENCE, KS 3 $315,000 $105,000 $2,052 2.67%
MILWAUKEE-WAUKESHA, WI 2 $310,000 $155,000 $2,241 2.69%
SANTA FE, NM 1 $305,000 $305,000 $2,795 2.88%
TOPEKA, KS 2 $300,000 $150,000 $3,386 2.88%
NEW HAVEN-MILFORD, CT 1 $295,000 $295,000 $2,786 2.88%
SCRANTON--WILKES-BARRE, PA 1 $285,000 $285,000 $6,929 3.00%
ROME, GA 3 $275,000 $91,667 $3,231 2.96%
HAGERSTOWN-MARTINSBURG, MD-WV 1 $275,000 $275,000 $8,026 2.75%
WAUSAU-WESTON, WI 1 $275,000 $275,000 $5,624 3.00%
BANGOR, ME 2 $270,000 $135,000 $2,106 2.50%
KANKAKEE, IL 2 $260,000 $130,000 $3,961 3.19%
GOLDSBORO, NC 2 $260,000 $130,000 $2,119 2.69%
LIMA, OH 2 $260,000 $130,000 $3,596 3.69%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1 $255,000 $255,000 $0 3.38%
MOBILE, AL 2 $250,000 $125,000 $4,852 3.50%
JACKSON, TN 2 $250,000 $125,000 $3,128 3.13%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 1 $245,000 $245,000 $3,200 2.88%
TALLAHASSEE, FL 2 $240,000 $120,000 $3,002 2.69%
HARRISBURG-CARLISLE, PA 2 $240,000 $120,000 $4,525 3.44%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1 $235,000 $235,000 $4,060 2.63%
ODESSA, TX 1 $235,000 $235,000 $3,357 3.63%
APPLETON, WI 1 $235,000 $235,000 $2,969 2.88%
FARGO, ND-MN 2 $230,000 $115,000 $2,403 2.31%
OLYMPIA-LACEY-TUMWATER, WA 1 $225,000 $225,000 $2,665 3.00%
PINE BLUFF, AR 2 $220,000 $110,000 $3,497 3.25%
CHAMPAIGN-URBANA, IL 1 $205,000 $205,000 $388 3.75%
LANCASTER, PA 1 $205,000 $205,000 $3,747 2.75%
CAMDEN, NJ 1 $205,000 $205,000 $2,184 3.00%
SIOUX CITY, IA-NE-SD 1 $205,000 $205,000 $2,462 3.50%
ELGIN, IL 1 $195,000 $195,000 $0 3.75%
OXNARD-THOUSAND OAKS-VENTURA, CA 1 $195,000 $195,000 $47 3.00%
DANVILLE, IL 1 $185,000 $185,000 $2,519 3.88%
ALBANY, GA 1 $185,000 $185,000 $2,575 2.75%
LINCOLN, NE 1 $175,000 $175,000 $302 3.50%
JOHNSON CITY, TN 1 $165,000 $165,000 $2,016 2.75%
READING, PA 1 $155,000 $155,000 $4,876 3.25%
LEWISTON-AUBURN, ME 1 $155,000 $155,000 $2,670 2.63%
ROCKY MOUNT, NC 1 $155,000 $155,000 $1,645 2.88%
DOTHAN, AL 1 $155,000 $155,000 $625 2.88%
STAUNTON, VA 1 $145,000 $145,000 $2,704 2.75%
WHEELING, WV-OH 1 $145,000 $145,000 $2,677 2.88%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 1 $135,000 $135,000 $4,675 3.25%
CHARLESTON, WV 1 $125,000 $125,000 $2,875 3.13%
BLOOMSBURG-BERWICK, PA 1 $125,000 $125,000 $4,718 3.13%
FLORENCE-MUSCLE SHOALS, AL 1 $125,000 $125,000 $5,921 3.00%
HUNTINGTON-ASHLAND, WV-KY-OH 1 $125,000 $125,000 $2,628 2.63%
YORK-HANOVER, PA 1 $125,000 $125,000 $3,606 3.75%
ANNISTON-OXFORD, AL 1 $115,000 $115,000 $2,051 2.63%
MONTGOMERY, AL 1 $115,000 $115,000 $1,925 2.25%
BRUNSWICK, GA 1 $115,000 $115,000 $3,094 3.50%
DECATUR, AL 1 $115,000 $115,000 $4,591 3.88%
ATHENS-CLARKE COUNTY, GA 1 $115,000 $115,000 $2,968 4.00%
WARNER ROBINS, GA 1 $115,000 $115,000 $3,160 3.25%
GREEN BAY, WI 1 $105,000 $105,000 $2,160 3.00%
MORRISTOWN, TN 1 $95,000 $95,000 $1,372 3.25%
JACKSONVILLE, NC 1 $95,000 $95,000 $4,771 3.75%
TEXARKANA, TX-AR 1 $85,000 $85,000 $2,384 2.88%
CLEVELAND, TN 1 $85,000 $85,000 $3,263 3.00%
GREENVILLE, NC 1 $85,000 $85,000 $2,027 3.00%
JEFFERSON CITY, MO 1 $75,000 $75,000 $2,725 3.13%

Ruoff Mortgage Company 's top markets include Indianapolis, Fort Wayne, Cincinnati, Columbus, and Bloomington among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 17,999 $3,206,245,000 $178,135
2.5-3% 9,614 $1,940,460,000 $201,837
4-5% 1,667 $233,695,000 $140,189
<2.5% 836 $161,510,000 $193,194
5-6% 65 $5,815,000 $89,462

During 2020, Ruoff Mortgage Company 's average interest rate was 3.37%, while their most frequently originated rate bucket was 3-4%, with 17,999 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 15,379 $2,276,655,000 $148,037 $2,427 3.29%
$200k-400k 9,270 $2,460,990,000 $265,479 $3,068 3.19%
$100,000 or less 4,557 $355,885,000 $78,096 $1,921 3.46%
$400k-600k 952 $435,470,000 $457,426 $3,399 3.10%
$600k-1MM 20 $15,400,000 $770,000 $5,559 3.38%
$1MM+ 3 $3,325,000 $1,108,333 $5,380 4.17%

2020 saw Ruoff Mortgage Company place emphasis on $100k-200k loans with 15,379 originations, totaling $2,276,655,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 8,388 $1,391,890,000 $165,938 $2,621 3.30%
$50k or less 8,320 $1,012,930,000 $121,746 $2,198 3.35%
$75k-100k 5,006 $994,980,000 $198,757 $2,819 3.26%
$100k-150k 4,892 $1,152,760,000 $235,642 $2,826 3.22%
$150k-250k 2,318 $652,460,000 $281,475 $2,782 3.17%
$250k+ 639 $219,845,000 $344,045 $2,888 3.12%

Ruoff Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 8,388 originations. The second most popular income band? $50k or less, with 8,320 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 7,716 $1,421,540,000 $184,233 $2,409 3.23%
30-36% 5,965 $1,083,565,000 $181,654 $2,486 3.28%
<20% 3,053 $552,065,000 $180,827 $2,310 3.12%
44% 1,125 $210,425,000 $187,044 $2,669 3.33%
39% 1,075 $195,505,000 $181,865 $2,729 3.34%
40% 1,074 $196,790,000 $183,231 $2,665 3.37%
42% 1,071 $196,195,000 $183,189 $2,749 3.36%
38% 1,052 $186,640,000 $177,414 $2,570 3.35%
41% 1,037 $191,265,000 $184,441 $2,729 3.33%
37% 1,033 $185,645,000 $179,714 $2,614 3.35%
36% 1,032 $189,010,000 $183,149 $2,549 3.32%
43% 988 $185,140,000 $187,389 $2,632 3.33%
45% 640 $119,290,000 $186,391 $3,038 3.30%
49% 638 $121,580,000 $190,564 $3,230 3.32%
47% 612 $117,930,000 $192,696 $3,271 3.33%
46% 565 $105,355,000 $186,469 $2,955 3.34%
48% 563 $108,085,000 $191,980 $3,297 3.29%
50-60% 318 $57,300,000 $180,189 $4,029 3.56%
>60% 11 $2,195,000 $199,545 $4,044 3.61%

Ruoff Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 7,716 originations. The next most common DTI ratio? 30-36%, with 5,965 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 26,917 $4,917,545,000 $182,693 $2,569 3.28%
Not provided 1,456 $295,470,000 $202,933 $2,656 3.21%
Black 1,137 $203,805,000 $179,248 $3,023 3.37%
Asian 518 $103,370,000 $199,556 $2,675 3.17%
American Indian 96 $16,490,000 $171,771 $2,875 3.33%
Native Hawaiian 44 $8,520,000 $193,636 $2,977 3.42%
Other Asian 4 $1,010,000 $252,500 $3,134 3.28%
Chinese 3 $575,000 $191,667 $3,034 3.46%
Other Pacific Islander 3 $395,000 $131,667 $1,725 3.13%
Korean 1 $205,000 $205,000 $2,330 3.25%
Guamanian 1 $175,000 $175,000 $50 2.75%
Asian Indian 1 $165,000 $165,000 $2,066 3.50%

Approval Rates

Total approvals of all applications
95.21%

Ruoff Mortgage Company 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
75.98%

Ruoff Mortgage Company has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 30,181 $5,547,725,000 $183,815

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 293 $34,745,000 $118,584
Single Family (1-4 Units):Site-Built 29,888 $5,512,980,000 $184,455

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 563 $71,275,000 $126,599 $2,334 2.93%
40-60% 2,629 $440,515,000 $167,560 $2,318 2.97%
60-80% 9,383 $1,831,945,000 $195,241 $2,447 3.22%
80-100% 17,210 $3,117,310,000 $181,134 $2,645 3.37%
Over 100% 369 $84,265,000 $228,360 $7,219 3.32%
Under 20% 27 $2,415,000 $89,444 $2,256 2.92%