Ruhl Mortgage Rates, Fees & Info

DAVENPORT, IA

LEI: 549300HSB39FXRFMW540

Tax ID: 80-0801750

5 stars - out of 5 stars, based on 33 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Ruhl Mortgage is a smaller mortgage company specializing in Home Purchase and Refi 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 include Davenport, Iowa City, Muscatine, Dubuque, and Chicago among others. Ruhl Mortgage 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. Ruhl Mortgage is typically a low fee lendor.


Originations

1,093

Origination Dollar Volume (All Markets)

$215,815,000
Show all (21) awards

Relative Rate

Ruhl Mortgage 's average 30 year fixed rate mortgage of loans were 2.75%.

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

This yields a difference of -0.4%.

Relative Fees

Ruhl Mortgage 's average total fees for a 30 year fixed rate mortgage are $2,361.

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
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 813 $163,365,000 $200,941 $2,258 2.65%
IOWA CITY, IA (FHA|USDA|VA) 40 $9,230,000 $230,750 $2,153 2.67%
Muscatine, IA (FHA|USDA|VA) 56 $8,880,000 $158,571 $2,030 2.81%
DUBUQUE, IA (FHA|USDA|VA) 29 $6,565,000 $226,379 $2,539 2.57%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 18 $4,980,000 $276,667 $2,328 2.33%
Outside of Metro Areas 31 $4,775,000 $154,032 $2,433 2.70%
Clinton, IA (FHA|USDA|VA) 28 $4,520,000 $161,429 $1,930 2.70%
CEDAR RAPIDS, IA (FHA|USDA|VA) 28 $4,360,000 $155,714 $2,541 2.54%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 13 $3,385,000 $260,385 $1,630 2.21%
PEORIA, IL (FHA|USDA|VA) 10 $2,130,000 $213,000 $2,012 2.81%
Sterling, IL (FHA|USDA|VA) 7 $1,055,000 $150,714 $2,968 2.93%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 3 $555,000 $185,000 $2,603 2.79%
Burlington, IA-IL (FHA|USDA|VA) 7 $475,000 $67,857 $2,025 2.91%
Platteville, WI (FHA|USDA|VA) 3 $435,000 $145,000 $1,775 2.42%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $315,000 $315,000 $1,947 2.63%
Galesburg, IL (FHA|USDA|VA) 2 $270,000 $135,000 $2,825 2.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,163 2.88%
Macomb, IL (FHA|USDA|VA) 1 $135,000 $135,000 $3,291 2.75%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,161 3.25%
Fairfield, IA (FHA|USDA|VA) 1 $55,000 $55,000 $878 2.88%

Ruhl Mortgage 's top markets include Davenport, Iowa City, Muscatine, Dubuque, and Chicago among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 882 $176,850,000 $200,510 $1,831 2.66%
FHA 112 $16,900,000 $150,893 $4,006 2.70%
VA 85 $20,085,000 $236,294 $4,119 2.48%
USDA 14 $1,980,000 $141,429 $3,117 2.73%

For the 2021 period, Ruhl Mortgage 's most frequently originated loan type of loans were Conventional, with 882 originations. Their 2nd most popular type is FHA, with 112 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 718 $136,620,000 $190,279 $2,415 2.73%
Refi 294 $61,880,000 $210,476 $1,879 2.45%
Cash Out Refi 79 $16,755,000 $212,089 $2,127 2.65%
Home Improvement 1 $295,000 $295,000 $1,443 2.88%
Other 1 $265,000 $265,000 $1,495 3.00%

For the 2021, Ruhl Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 718 originations. The 2nd most popular reason of loans were Refi, with 294 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 880 $174,340,000 $198,114 $2,361 2.75%
15 Year 167 $33,485,000 $200,509 $1,771 2.14%
20 Year 30 $5,140,000 $171,333 $1,871 2.59%
Other 12 $2,060,000 $171,667 $1,620 2.61%
10 Year 4 $790,000 $197,500 $2,086 2.03%

For the 2021, Ruhl Mortgage 's most frequently cited loan length of loans were 30 Year, with 880 originations. The 2nd most popular length of loans were 15 Year, with 167 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,021 $201,605,000 $197,458
$1k-2k 51 $9,105,000 $178,529
$2k-3k 11 $2,455,000 $223,182
$3k-4k 9 $2,285,000 $253,889
$5k+ 1 $365,000 $365,000

$2,361 of loans were Ruhl Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,021 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 578 $109,830,000 $190,017
<2.5% 421 $91,415,000 $217,138
3-4% 91 $14,115,000 $155,110
4-5% 3 $455,000 $151,667

During 2021, Ruhl Mortgage 's average interest rate of loans were 2.75%, while their most frequently originated rate bucket of loans were 2.5-3%, with 578 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 508 $74,340,000 $146,339 $2,233 2.67%
$200k-400k 373 $100,125,000 $268,432 $2,450 2.59%
$100,000 or less 150 $11,360,000 $75,733 $1,889 2.80%
$400k-600k 61 $29,185,000 $478,443 $2,032 2.51%
$600k-1MM 1 $805,000 $805,000 $1,793 2.75%

2021 saw Ruhl Mortgage place emphasis on $100k-200k loans with 508 originations, totaling $74,340,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 260 $43,260,000 $166,385 $2,402 2.66%
$100k-150k 243 $56,255,000 $231,502 $2,222 2.61%
$50k or less 234 $28,420,000 $121,453 $2,217 2.75%
$75k-100k 186 $35,850,000 $192,742 $2,278 2.65%
$150k-250k 118 $34,460,000 $292,034 $1,937 2.58%
$250k+ 51 $17,315,000 $339,510 $2,359 2.49%

Ruhl Mortgage lent most frequently to those with incomes in the $50k-75k range, with 260 originations. The second most popular income band? $100k-150k, with 243 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 322 $64,160,000 $199,255 $2,091 2.62%
30-36% 209 $41,665,000 $199,354 $2,244 2.68%
<20% 168 $34,060,000 $202,738 $1,868 2.55%
39% 48 $9,090,000 $189,375 $2,409 2.67%
37% 44 $9,120,000 $207,273 $2,275 2.73%
40% 36 $6,390,000 $177,500 $3,033 2.64%
44% 32 $6,420,000 $200,625 $2,486 2.73%
43% 32 $5,360,000 $167,500 $2,445 2.73%
36% 28 $4,390,000 $156,786 $2,567 2.81%
41% 28 $5,490,000 $196,071 $2,088 2.78%
42% 27 $5,845,000 $216,481 $2,108 2.77%
38% 27 $5,185,000 $192,037 $2,674 2.72%
50-60% 22 $4,560,000 $207,273 $3,525 2.65%
47% 19 $3,995,000 $210,263 $2,220 2.71%
46% 15 $3,145,000 $209,667 $2,468 2.65%
45% 14 $3,120,000 $222,857 $3,422 2.74%
48% 11 $1,725,000 $156,818 $1,834 2.65%
49% 10 $1,930,000 $193,000 $3,223 2.49%
>60% 1 $165,000 $165,000 $2,093 2.38%

Ruhl Mortgage lent most frequently to those with DTI ratios of 20-30%, with 322 originations. The next most common DTI ratio? 30-36%, with 209 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 871 $168,475,000 $193,427 $2,218 2.67%
Not provided 169 $33,735,000 $199,615 $2,301 2.62%
Asian 30 $8,300,000 $276,667 $2,188 2.44%
Black 16 $3,320,000 $207,500 $3,818 2.63%
Asian Indian 4 $1,430,000 $357,500 $1,228 2.38%
American Indian 3 $555,000 $185,000 $1,787 2.75%

Approval Rates

Total approvals of all applications
97.40%

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
82.88%

Ruhl Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,093 $215,815,000 $197,452

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,093 $215,815,000 $197,452

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 27 $3,695,000 $136,852 $1,643 2.24%
40-60% 86 $16,380,000 $190,465 $1,726 2.46%
60-80% 375 $77,615,000 $206,973 $1,888 2.63%
80-100% 593 $115,105,000 $194,106 $2,454 2.71%
Over 100% 11 $2,945,000 $267,727 $9,111 2.59%
Under 20% 1 $75,000 $75,000 $1,428 1.88%