Ruhl Mortgage Rates, Fees & Info

DAVENPORT, IA

LEI: 549300HSB39FXRFMW540

Tax ID: 80-0801750

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Home Purchase 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, Iowa City, Dubuque, and Cedar Rapids among others. We have data for 16 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% 4/21/24
    30 Year Conventional Refi 6.30% 4/21/24
    30 Year Cash-out Refi 6.40% 4/21/24
    30 Year FHA Purchase 7.03% 4/21/24
    30 Year FHA Refi 6.54% 4/21/24
    30 Year VA Purchase 6.03% 4/21/24
    30 Year VA Refi 5.80% 4/21/24
    30 Year USDA Purchase 6.51% 4/21/24
    15 Year Conventional Purchase 5.82% 4/21/24
    15 Year Conventional Refi 5.67% 4/21/24
    15 Year Cash-out Refi 5.67% 4/21/24
    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.

    Ruhl Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Ruhl Mortgage. 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

    633

    Origination Dollar Volume (All Markets)

    $101,525,000
    Show all (9) awards

    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) 448 $72,030,000 $160,781 $2,565 4.55%
    Muscatine, IA (FHA|USDA|VA) 39 $6,015,000 $154,231 $2,149 4.64%
    IOWA CITY, IA (FHA|USDA|VA) 27 $5,605,000 $207,593 $2,714 4.50%
    DUBUQUE, IA (FHA|USDA|VA) 33 $5,125,000 $155,303 $2,940 4.60%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 25 $3,915,000 $156,600 $3,041 4.55%
    Outside of Metro Areas 24 $3,180,000 $132,500 $2,378 4.58%
    Clinton, IA (FHA|USDA|VA) 15 $1,905,000 $127,000 $2,697 4.67%
    Burlington, IA-IL (FHA|USDA|VA) 7 $905,000 $129,286 $2,401 4.43%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $600,000 $300,000 $4,979 4.19%
    Platteville, WI (FHA|USDA|VA) 4 $590,000 $147,500 $1,897 4.50%
    Galesburg, IL (FHA|USDA|VA) 2 $560,000 $280,000 $3,873 4.63%
    Sterling, IL (FHA|USDA|VA) 3 $525,000 $175,000 $4,774 4.63%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $285,000 $285,000 $2,362 4.50%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $125,000 $125,000 $3,805 4.75%
    Ottawa, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,492 4.63%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $55,000 $55,000 $1,308 4.88%
    Ruhl Mortgage's top markets include Davenport, Muscatine, Iowa City, Dubuque, and Cedar Rapids 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.

    UNITED
    Similarity Rank: 28
    Citizens State Bank
    Similarity Rank: 68
    Farmers Savings Bank & Trust
    Similarity Rank: 76
    Fidelity Bank & Trust
    Similarity Rank: 84
    Liberty Bank for Savings
    Similarity Rank: 104
    FIRST
    Similarity Rank: 117
    R.I.A. Federal Credit Union
    Similarity Rank: 120
    THE FAMILY CREDIT UNION
    Similarity Rank: 125
    Two Rivers Bank & Trust
    Similarity Rank: 135
    Hills Bank and Trust Company
    Similarity Rank: 182

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 399 $64,925,000 $162,719 $1,861 4.56%
    FHA 145 $20,465,000 $141,138 $3,768 4.60%
    VA 65 $12,965,000 $199,462 $4,346 4.42%
    USDA 24 $3,170,000 $132,083 $2,890 4.55%

    For 2018, Ruhl Mortgage's most frequently originated type of loan was Conventional, with 399 originations. Their 2nd most popular type was FHA, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 607 $96,975,000 $159,761 $2,617 4.56%
    Refi 20 $3,220,000 $161,000 $1,937 4.57%
    Cash Out Refi 5 $1,195,000 $239,000 $2,706 3.85%
    NA 1 $135,000 $135,000 $2,019 4.50%

    For 2018, Ruhl Mortgage's most frequently cited loan purpose was Home Purchase, with 607 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 569 $92,175,000 $161,995 $2,660 4.62%
    15 Year 55 $7,935,000 $144,273 $2,056 3.96%
    20 Year 7 $1,065,000 $152,143 $1,714 4.34%
    10 Year 1 $175,000 $175,000 $2,064 3.88%
    Other 1 $175,000 $175,000 $2,202 4.25%

    For 2018, Ruhl Mortgage's most frequently cited loan duration was 30 Year, with 569 originations. The 2nd most popular length was 15 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 399 $67,155,000 $168,308
    $1k-2k 75 $12,395,000 $165,267
    $2k-3k 14 $2,340,000 $167,143
    $3k-4k 3 $615,000 $205,000
    $5k+ 1 $625,000 $625,000

    Ruhl Mortgage's average total fees were $2,660, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 399 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 511 $83,355,000 $163,121
    3-4% 74 $13,080,000 $176,757
    5-6% 47 $5,055,000 $107,553
    6-7% 1 $35,000 $35,000

    During 2018, Ruhl Mortgage's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 511 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 333 $47,355,000 $142,207 $2,666 4.55%
    $200k-400k 145 $37,995,000 $262,034 $3,170 4.45%
    $100,000 or less 144 $10,670,000 $74,097 $1,866 4.70%
    $400k-600k 9 $3,975,000 $441,667 $1,895 4.29%
    $600k-1MM 2 $1,530,000 $765,000 $4,850 4.81%

    2018 saw Ruhl Mortgage place emphasis on $100k-200k loans with 333 originations, totaling $47,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 193 $27,195,000 $140,907 $2,880 4.54%
    $50k or less 158 $16,730,000 $105,886 $2,220 4.61%
    $75k-100k 119 $20,045,000 $168,445 $2,768 4.57%
    $100k-150k 103 $20,905,000 $202,961 $2,620 4.55%
    $150k-250k 45 $11,185,000 $248,556 $2,223 4.52%
    $250k+ 15 $5,465,000 $364,333 $2,476 4.29%

    Ruhl Mortgage lent most frequently to those with incomes in the $50k-75k range, with 193 originations. The second most popular income band? $50k or less, with 158 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 141 $23,095,000 $163,794 $2,276 4.55%
    30-36% 108 $17,460,000 $161,667 $2,459 4.57%
    50-60% 45 $7,035,000 $156,333 $3,494 4.54%
    <20% 43 $7,075,000 $164,535 $1,944 4.40%
    43% 33 $5,145,000 $155,909 $2,813 4.53%
    40% 27 $4,585,000 $169,815 $2,890 4.50%
    36% 26 $3,880,000 $149,231 $2,220 4.65%
    46% 23 $3,975,000 $172,826 $3,007 4.61%
    49% 23 $3,825,000 $166,304 $3,585 4.46%
    38% 22 $3,660,000 $166,364 $2,859 4.75%
    37% 19 $3,085,000 $162,368 $2,723 4.61%
    44% 19 $2,545,000 $133,947 $2,569 4.58%
    45% 19 $3,535,000 $186,053 $2,570 4.57%
    41% 19 $2,835,000 $149,211 $3,104 4.47%
    42% 18 $2,680,000 $148,889 $2,197 4.64%
    39% 17 $2,185,000 $128,529 $1,995 4.83%
    47% 15 $2,425,000 $161,667 $2,911 4.62%
    48% 14 $2,190,000 $156,429 $2,670 4.39%
    >60% 2 $310,000 $155,000 $4,003 4.50%

    Ruhl Mortgage lent most frequently to those with DTI ratios of 20-30%, with 141 originations. The next most common DTI ratio? 30-36%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 532 $85,020,000 $159,812 $2,606 4.56%
    Not provided 79 $13,275,000 $168,038 $2,548 4.58%
    Black 12 $2,200,000 $183,333 $2,811 4.46%
    Asian 8 $800,000 $100,000 $2,168 4.36%
    American Indian 2 $230,000 $115,000 $1,991 4.75%

    Approval Rates

    Total approvals of all applications
    97.58%

    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
    74.25%

    Ruhl Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 633 $101,525,000 $160,387

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $85,000 $85,000
    Single Family (1-4 Units):Site-Built 632 $101,440,000 $160,506

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,145,000 $104,091 $1,610 4.20%
    40-60% 28 $5,400,000 $192,857 $1,907 4.22%
    60-80% 125 $21,575,000 $172,600 $1,902 4.61%
    80-100% 454 $70,460,000 $155,198 $2,705 4.57%
    Over 100% 13 $2,855,000 $219,615 $7,914 4.59%
    Under 20% 2 $90,000 $45,000 $1,620 4.56%