Ruhl Mortgage Rates, Fees & Info
DAVENPORT, IALEI: 549300HSB39FXRFMW540
Tax ID: 80-0801750
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Mortgage Data
Review & Overview
Ruhl Mortgage is a smaller mortgage company specializing in Refi and 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, Iowa City, Dubuque, Chicago, and Muscatine among others. We have data for 26 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 10/29/24 |
| 30 Year Conventional Refi | 6.30% | 10/29/24 |
| 30 Year Cash-out Refi | 6.40% | 10/29/24 |
| 30 Year FHA Purchase | 7.03% | 10/29/24 |
| 30 Year FHA Refi | 6.54% | 10/29/24 |
| 30 Year VA Purchase | 6.03% | 10/29/24 |
| 30 Year VA Refi | 5.80% | 10/29/24 |
| 30 Year USDA Purchase | 6.51% | 10/29/24 |
| 15 Year Conventional Purchase | 5.82% | 10/29/24 |
| 15 Year Conventional Refi | 5.67% | 10/29/24 |
| 15 Year Cash-out Refi | 5.67% | 10/29/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,398Origination Dollar Volume (All Markets)
$289,820,000Awards
RUHL MORTGAGE - 2020
RUHL MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 961 | $200,025,000 | $208,143 | $1,981 | 2.78% |
| IOWA CITY, IA (FHA|USDA|VA) | 113 | $27,265,000 | $241,283 | $1,677 | 2.69% |
| DUBUQUE, IA (FHA|USDA|VA) | 65 | $13,035,000 | $200,538 | $2,059 | 2.90% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 34 | $9,320,000 | $274,118 | $2,125 | 2.41% |
| Muscatine, IA (FHA|USDA|VA) | 53 | $8,275,000 | $156,132 | $2,805 | 2.96% |
| Outside of Metro Areas | 43 | $7,835,000 | $182,209 | $2,101 | 2.86% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 35 | $6,285,000 | $179,571 | $1,753 | 2.92% |
| Clinton, IA (FHA|USDA|VA) | 34 | $6,200,000 | $182,353 | $2,360 | 3.04% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 11 | $2,825,000 | $256,818 | $3,809 | 2.68% |
| PEORIA, IL (FHA|USDA|VA) | 13 | $2,445,000 | $188,077 | $1,914 | 2.47% |
| Galesburg, IL (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $2,501 | 2.66% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $1,663 | 2.67% |
| Burlington, IA-IL (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $2,057 | 2.83% |
| Platteville, WI (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $1,405 | 3.34% |
| Sterling, IL (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $2,333 | 3.15% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,442 | 2.50% |
| AMES, IA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,904 | 2.75% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $1,829 | 2.56% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,371 | 2.69% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,181 | 2.50% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,017 | 3.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,174 | 3.13% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,744 | 3.25% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,760 | 2.50% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,101 | 2.38% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,347 | 2.88% |
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.
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Product Mix
For 2020, Ruhl Mortgage's most frequently originated type of loan was Conventional, with 1,192 originations. Their 2nd most popular type was FHA, with 112 originations.
Loan Reason
For 2020, Ruhl Mortgage's most frequently cited loan purpose was Refi, with 709 originations. The 2nd most popular reason was Home Purchase, with 687 originations.
Loan Duration/Length
For 2020, Ruhl Mortgage's most frequently cited loan duration was 30 Year, with 1,017 originations. The 2nd most popular length was 15 Year, with 276 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,336 | $281,150,000 | $210,442 |
| $1k-2k | 43 | $5,635,000 | $131,047 |
| $2k-3k | 13 | $2,055,000 | $158,077 |
| $3k-4k | 6 | $980,000 | $163,333 |
Ruhl Mortgage's average total fees were $2,161, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,336 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 547 | $126,145,000 | $230,612 |
| 2.5-3% | 490 | $100,830,000 | $205,776 |
| 3-4% | 347 | $61,265,000 | $176,556 |
| 4-5% | 13 | $1,505,000 | $115,769 |
| 5-6% | 1 | $75,000 | $75,000 |
During 2020, Ruhl Mortgage's average interest rate for loans was 2.91%, while their most frequently originated rate bucket for loans was <2.5%, with 547 originations.
Loan Sizing
2020 saw Ruhl Mortgage place emphasis on $100k-200k loans with 590 originations, totaling $87,190,000 in origination value.
Applicant Income
Ruhl Mortgage lent most frequently to those with incomes in the $100k-150k range, with 322 originations. The second most popular income band? $50k-75k, with 300 originations.
Applicant Debt to Income Ratio
Ruhl Mortgage lent most frequently to those with DTI ratios of 20-30%, with 433 originations. The next most common DTI ratio? 30-36%, with 241 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.90%
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 origination86.62%
Ruhl Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,398 | $289,820,000 | $207,310 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $355,000 | $118,333 |
| Single Family (1-4 Units):Site-Built | 1,395 | $289,465,000 | $207,502 |