Ruhl Mortgage Rates, Fees & Info
DAVENPORT, IALEI: 549300HSB39FXRFMW540
Tax ID: 80-0801750
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,093Origination Dollar Volume (All Markets)
$215,815,000Awards
RUHL MORTGAGE - 2021
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For 2021, less than of lenders were eligible for this award.
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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 applications97.40%
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 origination82.88%
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% |
