Ruhl Mortgage Rates, Fees & Info

DAVENPORT, IA

LEI: 549300HSB39FXRFMW540

Tax ID: 80-0801750

5 stars - out of 5 stars, based on 25 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Ruhl Mortgage is a smaller mortgage company specializing in loans. Ruhl Mortgage 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 by origination volume include: Davenport, Muscatine, Des Moines, Burlington, and Iowa City among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ruhl Mortgage 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. Ruhl Mortgage is typically a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.41% 3/23/23
    30 Year Conventional Refi 6.30% 3/23/23
    30 Year Cash-out Refi 6.40% 3/23/23
    30 Year FHA Purchase 7.03% 3/23/23
    30 Year FHA Refi 6.54% 3/23/23
    30 Year VA Purchase 6.03% 3/23/23
    30 Year VA Refi 5.80% 3/23/23
    30 Year USDA Purchase 6.51% 3/23/23
    15 Year Conventional Purchase 5.82% 3/23/23
    15 Year Conventional Refi 5.67% 3/23/23
    15 Year Cash-out Refi 5.67% 3/23/23
    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

    633

    Origination Dollar Volume (All Markets)

    $123,265,000
    Show all (21) awards

    Relative Rate

    Ruhl Mortgage's average 30 year fixed mortgage rate was 4.91%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.15%.

    Relative Fees (Closing Costs)

    Ruhl Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $3,060.

    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
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 454 $91,290,000 $201,079 $3,005 4.72%
    Muscatine, IA (FHA|USDA|VA) 70 $12,680,000 $181,143 $3,300 5.13%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 10 $2,880,000 $288,000 $3,836 5.51%
    Burlington, IA-IL (FHA|USDA|VA) 20 $2,650,000 $132,500 $2,353 5.00%
    Outside of Metro Areas 18 $2,340,000 $130,000 $2,550 5.06%
    IOWA CITY, IA (FHA|USDA|VA) 11 $2,295,000 $208,636 $3,036 4.97%
    Clinton, IA (FHA|USDA|VA) 13 $1,975,000 $151,923 $3,609 5.16%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 8 $1,820,000 $227,500 $3,106 4.80%
    Galesburg, IL (FHA|USDA|VA) 8 $1,100,000 $137,500 $3,398 5.28%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 7 $895,000 $127,857 $2,660 5.23%
    DUBUQUE, IA (FHA|USDA|VA) 2 $720,000 $360,000 $2,634 5.75%
    PEORIA, IL (FHA|USDA|VA) 2 $660,000 $330,000 $2,628 4.06%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $475,000 $475,000 $6,463 5.99%
    Sterling, IL (FHA|USDA|VA) 2 $340,000 $170,000 $2,841 5.31%
    AMES, IA (FHA|USDA|VA) 1 $255,000 $255,000 $81 5.63%
    Pella, IA (FHA|USDA|VA) 2 $220,000 $110,000 $2,441 5.44%
    Fairfield, IA (FHA|USDA|VA) 1 $215,000 $215,000 $1,561 3.00%
    Rochelle, IL (FHA|USDA|VA) 1 $165,000 $165,000 $2,747 5.13%
    ROCKFORD, IL (FHA|USDA|VA) 1 $145,000 $145,000 $3,614 5.38%
    Platteville, WI (FHA|USDA|VA) 1 $145,000 $145,000 $2,508 2.63%
    Ruhl Mortgage's top markets include Davenport, Muscatine, Des Moines, Burlington, and Iowa City among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against RUHL MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 30
    BankIowa of Cedar Rapids
    Similarity Rank: 75
    Farmers & Merchants Savings Bank
    Similarity Rank: 128
    Liberty Bank for Savings
    Similarity Rank: 153
    Community Savings Bank
    Similarity Rank: 310
    R.I.A. Federal Credit Union
    Similarity Rank: 319
    GAS AND ELECTRIC CREDIT UNION
    Similarity Rank: 336
    FIRST
    Similarity Rank: 336
    SENB Bank
    Similarity Rank: 345
    Hills Bank and Trust Company
    Similarity Rank: 418

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 433 $84,935,000 $196,155 $2,241 4.89%
    FHA 134 $21,370,000 $159,478 $4,218 4.79%
    VA 57 $15,865,000 $278,333 $6,146 4.57%
    USDA 9 $1,095,000 $121,667 $3,300 4.03%

    For 2022, Ruhl Mortgage's most frequently originated type of loan was Conventional, with 433 originations. Their 2nd most popular type was FHA, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 589 $113,935,000 $193,438 $3,033 4.90%
    Refi 28 $6,490,000 $231,786 $2,709 3.98%
    Cash Out Refi 10 $1,750,000 $175,000 $2,049 3.80%
    Other 4 $600,000 $150,000 $5,707 4.09%
    Home Improvement 2 $490,000 $245,000 $4,997 4.19%

    For 2022, Ruhl Mortgage's most frequently cited loan purpose was Home Purchase, with 589 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 590 $114,690,000 $194,390 $3,060 4.91%
    15 Year 35 $7,155,000 $204,429 $2,676 3.76%
    20 Year 5 $1,025,000 $205,000 $1,898 3.48%
    10 Year 3 $395,000 $131,667 $2,253 3.96%

    For 2022, Ruhl Mortgage's most frequently cited loan duration was 30 Year, with 590 originations. The 2nd most popular length was 15 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 478 $88,190,000 $184,498
    $1k-2k 98 $19,730,000 $201,327
    $2k-3k 27 $5,655,000 $209,444
    $5k+ 12 $5,320,000 $443,333
    $3k-4k 11 $1,955,000 $177,727
    $4k-5k 7 $2,415,000 $345,000

    Ruhl Mortgage's average total fees were $3,060, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 478 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 215 $39,315,000 $182,860
    4-5% 158 $33,580,000 $212,532
    3-4% 121 $22,745,000 $187,975
    6-7% 79 $14,055,000 $177,911
    2.5-3% 44 $10,270,000 $233,409
    <2.5% 8 $1,750,000 $218,750
    7-8% 8 $1,550,000 $193,750

    During 2022, Ruhl Mortgage's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 5-6%, with 215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 306 $44,600,000 $145,752 $2,718 4.82%
    $200k-400k 184 $49,380,000 $268,370 $3,433 4.85%
    $100,000 or less 100 $7,810,000 $78,100 $2,187 5.00%
    $400k-600k 39 $18,055,000 $462,949 $5,406 4.52%
    $600k-1MM 3 $1,995,000 $665,000 $2,239 3.46%
    $1MM+ 1 $1,425,000 $1,425,000 $15,925 4.63%

    2022 saw Ruhl Mortgage place emphasis on $100k-200k loans with 306 originations, totaling $44,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 171 $27,095,000 $158,450 $2,937 4.91%
    $50k or less 143 $16,605,000 $116,119 $2,503 4.84%
    $75k-100k 119 $22,665,000 $190,462 $2,807 4.85%
    $100k-150k 111 $27,825,000 $250,676 $2,989 4.80%
    $150k-250k 58 $19,770,000 $340,862 $4,621 4.82%
    $250k+ 26 $8,470,000 $325,769 $4,302 4.36%

    Ruhl Mortgage lent most frequently to those with incomes in the $50k-75k range, with 171 originations. The second most popular income band? $50k or less, with 143 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 148 $26,750,000 $180,743 $2,518 4.77%
    30-36% 120 $23,490,000 $195,750 $3,230 4.85%
    <20% 48 $9,240,000 $192,500 $2,345 4.37%
    36% 34 $6,600,000 $194,118 $2,816 4.65%
    50-60% 28 $5,390,000 $192,500 $5,569 5.16%
    41% 28 $3,990,000 $142,500 $2,555 4.97%
    45% 27 $6,145,000 $227,593 $4,381 4.50%
    42% 26 $6,680,000 $256,923 $3,465 5.00%
    39% 25 $4,875,000 $195,000 $2,741 4.98%
    38% 23 $4,615,000 $200,652 $2,565 5.15%
    44% 19 $3,445,000 $181,316 $2,366 4.99%
    37% 19 $4,765,000 $250,789 $3,401 4.70%
    43% 17 $2,405,000 $141,471 $2,971 4.88%
    40% 15 $3,135,000 $209,000 $2,646 4.72%
    49% 15 $3,225,000 $215,000 $3,914 5.09%
    46% 14 $2,300,000 $164,286 $2,957 4.79%
    48% 14 $3,530,000 $252,143 $2,420 5.46%
    47% 13 $2,685,000 $206,538 $3,834 5.08%

    Ruhl Mortgage lent most frequently to those with DTI ratios of 20-30%, with 148 originations. The next most common DTI ratio? 30-36%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 530 $103,410,000 $195,113 $3,006 4.86%
    Not provided 74 $15,150,000 $204,730 $3,009 4.62%
    Black 18 $2,600,000 $144,444 $2,933 5.11%
    Asian 8 $1,750,000 $218,750 $4,526 3.92%
    American Indian 1 $145,000 $145,000 $2,514 4.75%
    Native Hawaiian or Islander 1 $135,000 $135,000 $5,877 5.75%
    Other Asian 1 $75,000 $75,000 $2,144 5.13%

    Approval Rates

    Total approvals of all applications
    98.31%

    Ruhl Mortgage 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
    82.62%

    Ruhl Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 633 $123,265,000 $194,731

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    633 $123,265,000 $194,731

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,460,000 $121,667 $1,908 4.15%
    40-60% 36 $6,670,000 $185,278 $2,410 4.41%
    60-80% 156 $33,600,000 $215,385 $2,675 4.91%
    80-100% 417 $77,545,000 $185,959 $2,949 4.86%
    Over 100% 11 $3,915,000 $355,909 $14,246 4.77%
    Under 20% 1 $75,000 $75,000 $1,981 4.50%