Residential Mortgage Services Rates, Fees & Info

AUGUSTA, ME

LEI: 549300IGSWBIHAL67063

Tax ID: 01-0464609

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

2021 Data | 2020 Data | 2019 Data | 2018 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

22,746

Origination Dollar Volume (All Markets)

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

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 applications
93.84%

Residential Mortgage Services has an average approval rate.

Pick Rate

Approvals leading to origination
84.65%

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%