Residential Mortgage Services Rates, Fees & Info

AUGUSTA, ME

LEI: 549300IGSWBIHAL67063

Tax ID: 01-0464609

5 stars - out of 5 stars, based on 151 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & 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 by origination volume include: Boston, Providence, Portland, Manchester, and Philadelphia among others. We have data for 180 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Residential Mortgage Services 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. Residential Mortgage Services is typically an average 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 6.57% 10/3/22
    30 Year Conventional Refi 6.54% 10/3/22
    30 Year Cash-out Refi 6.76% 10/3/22
    30 Year FHA Purchase 7.42% 10/3/22
    30 Year FHA Refi 7.19% 10/3/22
    30 Year VA Purchase 6.31% 10/3/22
    30 Year VA Refi 5.98% 10/3/22
    30 Year USDA Purchase 6.76% 10/3/22
    30 Year USDA Refi 6.68% 10/3/22
    15 Year Conventional Purchase 5.97% 10/3/22
    15 Year Conventional Refi 6.33% 10/3/22
    15 Year Cash-out Refi 6.33% 10/3/22
    15 Year FHA Purchase 7.61% 10/3/22
    15 Year VA Purchase 6.60% 10/3/22
    15 Year VA Refi 6.40% 10/3/22
    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.


    Originations

    22,746

    Origination Dollar Volume (All Markets)

    $6,793,800,000
    Show all (41) awards

    Relative Rate

    Residential Mortgage Services 's average 30 year fixed mortgage rate was 3.06%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.09%.

    Relative Fees (Closing Costs)

    Residential Mortgage Services 's average total fees/closing costs for a 30 year fixed rate mortgage were $4,940.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    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.

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    CNB Bank
    Similarity Rank: 243
    Foote Capital Mortgage Company
    Similarity Rank: 266
    Freedom Credit Union
    Similarity Rank: 266
    Northern Bank & Trust Company
    Similarity Rank: 288
    Bridgewater Savings Bank
    Similarity Rank: 329

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Residential Mortgage Services 's most frequently originated type of loan was Conventional, with 17,882 originations. Their 2nd most popular type was FHA, with 2,974 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Residential Mortgage Services 's most frequently cited loan purpose was Home Purchase, with 14,578 originations. The 2nd most popular reason was 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 2021, Residential Mortgage Services 's most frequently cited loan duration was 30 Year, with 19,741 originations. The 2nd most popular length was 15 Year, with 1,680 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 640 $218,940,000 $342,094
    $5k+ 429 $179,655,000 $418,776
    $4k-5k 283 $97,245,000 $343,622

    Residential Mortgage Services 's average total fees were $4,940, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.06%, while their most frequently originated rate bucket for loans was 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 or Islander 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 Hawaiian 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 applications
    95.81%

    Residential Mortgage Services 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
    86.15%

    Residential Mortgage Services has an 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%