Residential Mortgage Services Rates, Fees & Info
AUGUSTA, MELEI: 549300IGSWBIHAL67063
Tax ID: 01-0464609
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Residential Mortgage Services is a mid-sized mortgage company specializing in Home Purchase and Refi loans. Residential Mortgage Services 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 Boston, Providence, Portland, Manchester, and Philadelphia among others. Residential Mortgage Services 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. Residential Mortgage Services is typically an average fee lendor.Originations
22,746Origination Dollar Volume (All Markets)
$6,793,800,000Awards
RESIDENTIAL MORTGAGE SERVICES - 2021
RESIDENTIAL MORTGAGE SERVICES is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Residential Mortgage Services 's average 30 year fixed rate mortgage of loans were
3.06%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.09%.
Relative Fees
Residential Mortgage Services 's average total fees for a 30 year fixed rate
mortgage are $4,940.
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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4,259 | $1,721,955,000 | $404,310 | $4,696 | 3.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2,597 | $782,055,000 | $301,138 | $4,517 | 2.97% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1,488 | $453,900,000 | $305,040 | $4,384 | 3.08% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1,334 | $398,080,000 | $298,411 | $4,156 | 3.04% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1,294 | $368,060,000 | $284,436 | $5,202 | 3.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 889 | $257,265,000 | $289,387 | $4,308 | 3.06% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 523 | $255,335,000 | $488,212 | $4,885 | 2.85% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 681 | $222,735,000 | $327,070 | $4,761 | 2.90% |
| LANCASTER, PA (FHA|USDA|VA) | 743 | $177,675,000 | $239,132 | $5,378 | 3.09% |
| Outside of Metro Areas | 719 | $154,825,000 | $215,334 | $4,578 | 3.06% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 358 | $127,010,000 | $354,777 | $4,209 | 3.04% |
| Concord, NH (FHA|USDA|VA) | 357 | $99,335,000 | $278,249 | $4,444 | 3.11% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 545 | $97,265,000 | $178,468 | $5,053 | 3.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 447 | $96,715,000 | $216,365 | $5,288 | 2.85% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 310 | $91,750,000 | $295,968 | $4,475 | 3.01% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 193 | $90,475,000 | $468,782 | $5,754 | 2.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 391 | $89,725,000 | $229,476 | $6,265 | 3.10% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 362 | $88,360,000 | $244,088 | $4,155 | 2.95% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 332 | $77,960,000 | $234,819 | $5,599 | 3.09% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 225 | $73,455,000 | $326,467 | $4,968 | 3.01% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 317 | $71,405,000 | $225,252 | $4,915 | 3.08% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 350 | $70,800,000 | $202,286 | $4,553 | 3.21% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 292 | $60,670,000 | $207,774 | $4,475 | 3.15% |
| READING, PA (FHA|USDA|VA) | 260 | $56,720,000 | $218,154 | $4,895 | 3.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 223 | $54,455,000 | $244,193 | $4,637 | 3.06% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 222 | $52,290,000 | $235,541 | $4,126 | 3.03% |
| PITTSBURGH, PA (FHA|USDA|VA) | 200 | $50,700,000 | $253,500 | $5,038 | 2.90% |
| BANGOR, ME (FHA|USDA|VA) | 217 | $47,835,000 | $220,438 | $4,745 | 2.98% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 165 | $41,965,000 | $254,333 | $4,568 | 2.87% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 194 | $39,130,000 | $201,701 | $3,800 | 2.91% |
| DOVER, DE (FHA|USDA|VA) | 142 | $36,430,000 | $256,549 | $6,180 | 2.92% |
| Laconia, NH (FHA|USDA|VA) | 97 | $28,845,000 | $297,371 | $4,499 | 3.11% |
| Lebanon, NH-VT (FHA|USDA|VA) | 120 | $28,790,000 | $239,917 | $4,544 | 3.12% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 120 | $22,610,000 | $188,417 | $5,800 | 3.11% |
| LEBANON, PA (FHA|USDA|VA) | 101 | $22,325,000 | $221,040 | $5,226 | 3.13% |
| Sayre, PA (FHA|USDA|VA) | 126 | $19,220,000 | $152,540 | $5,551 | 3.12% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 75 | $17,655,000 | $235,400 | $3,858 | 3.14% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 84 | $17,580,000 | $209,286 | $3,698 | 2.90% |
| ROCHESTER, NY (FHA|USDA|VA) | 91 | $17,015,000 | $186,978 | $4,528 | 2.98% |
| GETTYSBURG, PA (FHA|USDA|VA) | 72 | $16,590,000 | $230,417 | $5,813 | 3.03% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 51 | $15,795,000 | $309,706 | $3,899 | 2.85% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 63 | $14,565,000 | $231,190 | $3,668 | 3.01% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 54 | $14,260,000 | $264,074 | $5,071 | 3.07% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 38 | $12,200,000 | $321,053 | $7,160 | 2.84% |
| Keene, NH (FHA|USDA|VA) | 50 | $11,530,000 | $230,600 | $5,232 | 3.16% |
| FLORENCE, SC (FHA|USDA|VA) | 52 | $9,130,000 | $175,577 | $5,135 | 3.04% |
| AKRON, OH (FHA|USDA|VA) | 42 | $8,870,000 | $211,190 | $3,712 | 3.06% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 50 | $8,570,000 | $171,400 | $4,400 | 3.05% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 25 | $8,305,000 | $332,200 | $4,410 | 2.86% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 16 | $8,060,000 | $503,750 | $5,094 | 3.16% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 32 | $7,820,000 | $244,375 | $4,680 | 3.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 23 | $7,725,000 | $335,870 | $4,861 | 2.92% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 27 | $7,715,000 | $285,741 | $4,407 | 3.06% |
| WILMINGTON, NC (FHA|USDA|VA) | 21 | $6,685,000 | $318,333 | $8,088 | 2.74% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 33 | $6,345,000 | $192,273 | $5,419 | 2.89% |
| ROANOKE, VA (FHA|USDA|VA) | 25 | $6,045,000 | $241,800 | $3,806 | 3.04% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 23 | $5,405,000 | $235,000 | $4,722 | 3.13% |
| Pottsville, PA (FHA|USDA|VA) | 32 | $5,190,000 | $162,188 | $4,698 | 3.14% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 28 | $5,170,000 | $184,643 | $4,688 | 3.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 16 | $5,080,000 | $317,500 | $4,811 | 3.00% |
| RICHMOND, VA (FHA|USDA|VA) | 18 | $4,920,000 | $273,333 | $4,642 | 3.14% |
| Berlin, NH (FHA|USDA|VA) | 18 | $4,750,000 | $263,889 | $5,345 | 3.05% |
| Morehead City, NC (FHA|USDA|VA) | 16 | $4,670,000 | $291,875 | $4,443 | 2.93% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 14 | $4,540,000 | $324,286 | $4,505 | 3.15% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 10 | $4,300,000 | $430,000 | $4,760 | 2.93% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 16 | $4,300,000 | $268,750 | $4,390 | 2.95% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 16 | $4,170,000 | $260,625 | $4,398 | 3.06% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 21 | $3,935,000 | $187,381 | $5,003 | 3.02% |
| COLUMBIA, SC (FHA|USDA|VA) | 15 | $3,755,000 | $250,333 | $4,838 | 3.04% |
| NEW BERN, NC (FHA|USDA|VA) | 15 | $3,755,000 | $250,333 | $5,346 | 2.83% |
| Torrington, CT (FHA|USDA|VA) | 17 | $3,565,000 | $209,706 | $4,696 | 3.02% |
| Vineyard Haven, MA (FHA|USDA|VA) | 3 | $2,975,000 | $991,667 | $11,561 | 3.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $2,860,000 | $238,333 | $4,629 | 3.42% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $2,680,000 | $446,667 | $5,327 | 3.17% |
| Georgetown, SC (FHA|USDA|VA) | 11 | $2,615,000 | $237,727 | $3,710 | 3.10% |
| GOLDSBORO, NC (FHA|USDA|VA) | 14 | $2,330,000 | $166,429 | $4,534 | 2.79% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 11 | $2,185,000 | $198,636 | $5,213 | 3.09% |
| BURLINGTON, NC (FHA|USDA|VA) | 12 | $2,170,000 | $180,833 | $2,879 | 2.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $2,000,000 | $333,333 | $4,145 | 2.81% |
| Lock Haven, PA (FHA|USDA|VA) | 11 | $1,995,000 | $181,364 | $6,369 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 7 | $1,995,000 | $285,000 | $6,061 | 2.89% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $6,263 | 3.08% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 7 | $1,715,000 | $245,000 | $4,314 | 3.04% |
| PITTSFIELD, MA (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $5,911 | 2.82% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 11 | $1,675,000 | $152,273 | $3,192 | 3.09% |
| Easton, MD (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $3,649 | 2.69% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 8 | $1,540,000 | $192,500 | $5,886 | 3.02% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $4,665 | 2.90% |
| Sanford, NC (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $5,098 | 2.81% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $3,951 | 3.02% |
| COLUMBUS, OH (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $3,084 | 2.95% |
| Bluefield, WV-VA (FHA|USDA|VA) | 9 | $1,095,000 | $121,667 | $3,864 | 3.01% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $6,807 | 3.29% |
| BINGHAMTON, NY (FHA|USDA|VA) | 8 | $1,060,000 | $132,500 | $4,616 | 3.36% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $5,519 | 3.06% |
| New Castle, PA (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $4,510 | 2.69% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $2,844 | 3.18% |
| Sandusky, OH (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $4,158 | 3.28% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $3,424 | 3.04% |
| SUMTER, SC (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $2,768 | 3.25% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $4,092 | 2.94% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $3,683 | 3.25% |
| Wilson, NC (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $3,587 | 2.85% |
| Boone, NC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,242 | 3.29% |
| Wooster, OH (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,679 | 3.19% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,342 | 3.13% |
| Kinston, NC (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $4,909 | 3.35% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $5,004 | 2.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $5,317 | 3.08% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,950 | 2.94% |
| OCALA, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,711 | 2.79% |
| Bennettsville, SC (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $7,905 | 3.06% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $7,195 | 2.38% |
| Huntingdon, PA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,402 | 3.21% |
| Lewisburg, PA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,756 | 2.69% |
| Sunbury, PA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,558 | 2.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $2,931 | 2.34% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $1,241 | 2.56% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,652 | 3.08% |
| Key West, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,372 | 2.50% |
| Mount Airy, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,353 | 3.38% |
| Shelby, NC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $4,537 | 3.21% |
| Corning, NY (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,151 | 2.92% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,060 | 3.13% |
| Rutland, VT (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $7,216 | 2.81% |
| HARRISONBURG, VA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,319 | 3.56% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,062 | 2.69% |
| NILES, MI (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $3,397 | 3.22% |
| Lewistown, PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,594 | 3.25% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,361 | 3.75% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,090 | 3.13% |
| Indiana, PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,384 | 3.00% |
| Hudson, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,497 | 2.88% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,894 | 3.25% |
| Salem, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,985 | 3.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,397 | 2.75% |
| FLINT, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,929 | 3.13% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,988 | 3.13% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,512 | 3.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,913 | 2.94% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,680 | 3.69% |
| ERIE, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,959 | 2.50% |
| ELMIRA, NY (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $4,041 | 2.75% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,385 | 3.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,480 | 2.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,098 | 3.13% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,150 | 3.13% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,145 | 3.75% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,313 | 3.38% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,342 | 3.13% |
| Forest City, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,593 | 3.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,670 | 2.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,895 | 3.13% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,537 | 3.75% |
| Washington, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,651 | 2.75% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,060 | 2.88% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,861 | 3.25% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,638 | 2.88% |
| Ashland, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,209 | 3.13% |
| Danville, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,663 | 3.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,318 | 2.50% |
| Marion, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,646 | 4.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,379 | 2.88% |
| Barre, VT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,949 | 2.38% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,898 | 4.13% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,417 | 2.63% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,395 | 3.13% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,466 | 2.88% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,357 | 2.88% |
| Batavia, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,306 | 3.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,508 | 3.00% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,144 | 2.75% |
| Seneca, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,095 | 2.75% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,043 | 3.13% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,331 | 2.38% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,393 | 3.25% |
| Warren, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,354 | 2.75% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.38% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,880 | 2.63% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,521 | 2.75% |
Residential Mortgage Services 's top markets include Boston, Providence, Portland, Manchester, and Philadelphia among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 17,882 | $5,407,190,000 | $302,382 | $3,864 | 3.05% |
| FHA | 2,974 | $859,880,000 | $289,132 | $8,907 | 3.00% |
| VA | 1,312 | $409,010,000 | $311,745 | $6,542 | 2.72% |
| USDA | 578 | $117,720,000 | $203,668 | $5,735 | 2.85% |
For the 2021 period, Residential Mortgage Services 's most frequently originated loan type of loans were Conventional, with 17,882 originations. Their 2nd most popular type is FHA, with 2,974 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 14,578 | $4,471,020,000 | $306,696 | $5,322 | 3.02% |
| Refi | 5,202 | $1,467,070,000 | $282,020 | $3,453 | 2.92% |
| Cash Out Refi | 2,739 | $796,365,000 | $290,750 | $4,028 | 3.19% |
| Other | 167 | $45,795,000 | $274,222 | $4,019 | 3.05% |
| Home Improvement | 60 | $13,550,000 | $225,833 | $3,796 | 3.35% |
For the 2021, Residential Mortgage Services 's most frequently cited loan purpose of loans were Home Purchase, with 14,578 originations. The 2nd most popular reason of loans were Refi, with 5,202 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 19,741 | $6,045,245,000 | $306,228 | $4,940 | 3.06% |
| 15 Year | 1,680 | $372,430,000 | $221,685 | $2,893 | 2.53% |
| 20 Year | 754 | $205,780,000 | $272,918 | $3,310 | 2.92% |
| Other | 339 | $99,525,000 | $293,584 | $3,094 | 2.99% |
| 30+ year | 119 | $50,205,000 | $421,891 | $10,019 | 3.32% |
| 10 Year | 113 | $20,615,000 | $182,434 | $2,952 | 2.53% |
For the 2021, Residential Mortgage Services 's most frequently cited loan length of loans were 30 Year, with 19,741 originations. The 2nd most popular length of loans were 15 Year, with 1,680 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 17,543 | $5,272,905,000 | $300,570 |
| $<1k | 1,404 | $306,560,000 | $218,348 |
| $2k-3k | 1,189 | $369,655,000 | $310,896 |
| $3k-4k | 923 | $316,185,000 | $342,562 |
| $5k+ | 429 | $179,655,000 | $418,776 |
$4,940 of loans were Residential Mortgage Services 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 17,543 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 10,243 | $3,211,645,000 | $313,545 |
| 3-4% | 9,617 | $2,784,305,000 | $289,519 |
| <2.5% | 2,499 | $698,825,000 | $279,642 |
| 4-5% | 382 | $96,850,000 | $253,534 |
| 5-6% | 5 | $2,175,000 | $435,000 |
During 2021, Residential Mortgage Services 's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 10,243 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 11,553 | $3,324,595,000 | $287,769 | $4,807 | 3.05% |
| $100k-200k | 5,407 | $850,155,000 | $157,232 | $3,923 | 3.06% |
| $400k-600k | 3,975 | $1,901,885,000 | $478,462 | $5,681 | 2.99% |
| $100,000 or less | 918 | $53,770,000 | $58,573 | $2,168 | 2.58% |
| $600k-1MM | 834 | $589,710,000 | $707,086 | $6,389 | 2.96% |
| $1MM+ | 59 | $73,685,000 | $1,248,898 | $7,163 | 2.98% |
2021 saw Residential Mortgage Services place emphasis on $200k-400k loans with 11,553 originations, totaling $3,324,595,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 5,509 | $1,270,505,000 | $230,624 | $4,785 | 3.00% |
| $100k-150k | 5,143 | $1,749,425,000 | $340,157 | $4,800 | 3.05% |
| $75k-100k | 4,636 | $1,322,220,000 | $285,207 | $4,957 | 3.04% |
| $150k-250k | 3,319 | $1,351,665,000 | $407,251 | $4,592 | 3.04% |
| $50k or less | 2,724 | $438,970,000 | $161,149 | $4,310 | 2.98% |
| $250k+ | 1,089 | $557,825,000 | $512,236 | $4,621 | 3.01% |
Residential Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 5,509 originations. The second most popular income band? $100k-150k, with 5,143 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 4,725 | $1,407,225,000 | $297,825 | $4,109 | 3.00% |
| 30-36% | 4,388 | $1,319,450,000 | $300,695 | $4,452 | 3.04% |
| <20% | 1,404 | $422,490,000 | $300,919 | $3,777 | 2.94% |
| 50-60% | 1,093 | $336,665,000 | $308,019 | $8,793 | 2.88% |
| 44% | 998 | $286,040,000 | $286,613 | $4,786 | 3.08% |
| 42% | 938 | $275,030,000 | $293,209 | $4,743 | 3.04% |
| 43% | 938 | $274,010,000 | $292,122 | $4,687 | 3.10% |
| 41% | 885 | $263,215,000 | $297,418 | $4,612 | 3.05% |
| 40% | 876 | $258,420,000 | $295,000 | $4,620 | 3.04% |
| 39% | 860 | $257,270,000 | $299,151 | $4,485 | 3.06% |
| 37% | 848 | $253,480,000 | $298,915 | $4,632 | 3.04% |
| 38% | 819 | $245,635,000 | $299,921 | $4,753 | 3.05% |
| 36% | 761 | $226,495,000 | $297,628 | $4,631 | 3.05% |
| 45% | 663 | $204,115,000 | $307,866 | $5,077 | 3.10% |
| 49% | 593 | $179,325,000 | $302,403 | $5,410 | 3.01% |
| 46% | 583 | $174,515,000 | $299,340 | $5,260 | 3.05% |
| 48% | 550 | $163,040,000 | $296,436 | $5,472 | 3.03% |
| 47% | 533 | $157,565,000 | $295,619 | $5,363 | 3.03% |
| >60% | 14 | $4,600,000 | $328,571 | $9,752 | 3.30% |
Residential Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 4,725 originations. The next most common DTI ratio? 30-36%, with 4,388 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 16,230 | $4,692,060,000 | $289,098 | $4,636 | 3.02% |
| Not provided | 4,322 | $1,323,710,000 | $306,273 | $4,650 | 3.03% |
| Black | 1,113 | $345,065,000 | $310,031 | $6,222 | 2.99% |
| Asian | 744 | $307,680,000 | $413,548 | $4,718 | 2.91% |
| Asian Indian | 168 | $70,620,000 | $420,357 | $4,674 | 2.86% |
| American Indian | 60 | $18,260,000 | $304,333 | $6,263 | 3.01% |
| Chinese | 27 | $9,945,000 | $368,333 | $4,236 | 2.74% |
| Other Asian | 27 | $8,705,000 | $322,407 | $4,441 | 2.85% |
| Filipino | 13 | $4,595,000 | $353,462 | $4,074 | 3.24% |
| Other Pacific Islander | 13 | $3,565,000 | $274,231 | $6,229 | 2.99% |
| Native Hawaiian | 12 | $3,200,000 | $266,667 | $5,889 | 3.13% |
| Japanese | 7 | $2,485,000 | $355,000 | $4,057 | 2.77% |
| Vietnamese | 6 | $2,270,000 | $378,333 | $4,273 | 3.10% |
| Korean | 2 | $800,000 | $400,000 | $7,439 | 2.69% |
| Native Hawiian | 1 | $505,000 | $505,000 | $13,979 | 2.50% |
| Samoan | 1 | $335,000 | $335,000 | $16,442 | 2.25% |
Approval Rates
Total approvals of all applications93.84%
Residential Mortgage Services has an average approval rate.
Pick Rate
Approvals leading to origination84.65%
Residential Mortgage Services has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 22,746 | $6,793,800,000 | $298,681 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 22,746 | $6,793,800,000 | $298,681 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 633 | $126,665,000 | $200,103 | $3,198 | 2.83% |
| 40-60% | 2,628 | $708,490,000 | $269,593 | $3,314 | 2.91% |
| 60-80% | 7,364 | $2,316,310,000 | $314,545 | $3,922 | 3.13% |
| 80-100% | 11,144 | $3,431,440,000 | $307,918 | $5,571 | 3.05% |
| Over 100% | 353 | $112,515,000 | $318,739 | $10,924 | 2.81% |
| Under 20% | 342 | $9,250,000 | $27,047 | $397 | 1.60% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Residential Home Mortgage Corporation | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |
