Residential Mortgage Services Rates, Fees & Info

AUGUSTA, ME

LEI: 549300IGSWBIHAL67063

Tax ID: 01-0464609

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

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    • Review & Overview

    Residential Mortgage Services is a mid-sized mortgage company specializing in Home Purchase 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 178 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Residential Mortgage Services has an 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 6.76% 4/21/24
    30 Year Conventional Refi 6.65% 4/21/24
    30 Year Cash-out Refi 6.74% 4/21/24
    30 Year FHA Purchase 7.53% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    30 Year USDA Purchase 7.02% 4/21/24
    15 Year Conventional Purchase 5.30% 4/21/24
    15 Year Conventional Refi 6.27% 4/21/24
    15 Year Cash-out Refi 6.27% 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.

    Residential Mortgage Services Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Residential Mortgage Services. 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

    15,655

    Origination Dollar Volume (All Markets)

    $3,780,515,000
    Show all (39) 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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2,593 $869,225,000 $335,220 $5,257 4.64%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1,572 $375,960,000 $239,160 $4,836 4.61%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1,301 $325,825,000 $250,442 $4,649 4.74%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1,009 $246,675,000 $244,475 $4,811 4.84%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 799 $201,625,000 $252,347 $5,276 4.72%
    WORCESTER, MA-CT (FHA|USDA|VA) 726 $161,870,000 $222,961 $4,665 4.52%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 520 $149,840,000 $288,154 $5,368 4.63%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 396 $149,450,000 $377,399 $5,917 4.61%
    LANCASTER, PA (FHA|USDA|VA) 587 $119,385,000 $203,382 $5,450 4.68%
    Outside of Metro Areas 507 $84,995,000 $167,643 $4,255 4.75%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 226 $70,010,000 $309,779 $4,597 4.60%
    Concord, NH (FHA|USDA|VA) 313 $68,685,000 $219,441 $4,738 4.86%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 372 $54,400,000 $146,237 $4,890 4.83%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 316 $51,950,000 $164,399 $4,464 4.83%
    YORK-HANOVER, PA (FHA|USDA|VA) 274 $50,580,000 $184,599 $5,739 4.79%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 276 $50,570,000 $183,225 $5,106 4.80%
    READING, PA (FHA|USDA|VA) 259 $47,095,000 $181,834 $5,116 4.70%
    JACKSONVILLE, NC (FHA|USDA|VA) 246 $41,790,000 $169,878 $3,557 4.71%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 195 $40,415,000 $207,256 $4,854 4.52%
    SPRINGFIELD, MA (FHA|USDA|VA) 196 $37,680,000 $192,245 $3,953 4.45%
    BANGOR, ME (FHA|USDA|VA) 210 $33,970,000 $161,762 $4,402 4.73%
    ROCHESTER, NY (FHA|USDA|VA) 223 $33,035,000 $148,139 $3,693 4.75%
    Augusta-Waterville, ME (FHA|USDA|VA) 209 $32,585,000 $155,909 $4,490 4.77%
    DOVER, DE (FHA|USDA|VA) 153 $31,685,000 $207,092 $5,777 4.85%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 98 $31,460,000 $321,020 $5,397 4.49%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 158 $28,720,000 $181,772 $4,552 4.78%
    SALISBURY, MD-DE (FHA|USDA|VA) 118 $27,360,000 $231,864 $5,042 4.70%
    PITTSBURGH, PA (FHA|USDA|VA) 149 $26,595,000 $178,490 $4,805 4.64%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 123 $20,575,000 $167,276 $5,787 4.71%
    Lebanon, NH-VT (FHA|USDA|VA) 113 $20,405,000 $180,575 $4,501 4.89%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 66 $18,220,000 $276,061 $4,084 4.78%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 73 $14,575,000 $199,658 $4,978 4.63%
    LEBANON, PA (FHA|USDA|VA) 80 $13,980,000 $174,750 $5,267 4.77%
    Laconia, NH (FHA|USDA|VA) 67 $13,075,000 $195,149 $4,536 4.91%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 47 $12,985,000 $276,277 $4,614 4.43%
    RICHMOND, VA (FHA|USDA|VA) 52 $12,790,000 $245,962 $5,393 4.82%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 33 $12,675,000 $384,091 $6,193 4.86%
    Sayre, PA (FHA|USDA|VA) 84 $10,800,000 $128,571 $5,004 4.90%
    RALEIGH-CARY, NC (FHA|USDA|VA) 45 $9,905,000 $220,111 $4,922 4.96%
    WINCHESTER, VA-WV (FHA|USDA|VA) 43 $9,545,000 $221,977 $5,030 4.58%
    ROANOKE, VA (FHA|USDA|VA) 55 $9,105,000 $165,545 $4,240 4.72%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 31 $8,235,000 $265,645 $5,214 4.68%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 34 $7,540,000 $221,765 $4,259 4.63%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 25 $7,525,000 $301,000 $5,618 4.48%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 33 $6,795,000 $205,909 $4,022 4.81%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 38 $6,690,000 $176,053 $4,525 4.80%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 36 $5,920,000 $164,444 $4,771 4.69%
    Keene, NH (FHA|USDA|VA) 31 $5,895,000 $190,161 $5,125 4.82%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 21 $5,655,000 $269,286 $4,444 4.02%
    GETTYSBURG, PA (FHA|USDA|VA) 29 $5,325,000 $183,621 $5,516 4.69%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 19 $4,985,000 $262,368 $5,706 4.42%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $4,785,000 $251,842 $5,925 4.37%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 37 $4,785,000 $129,324 $4,188 4.82%
    Pottsville, PA (FHA|USDA|VA) 22 $3,160,000 $143,636 $4,897 4.78%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 12 $2,930,000 $244,167 $3,770 4.63%
    Torrington, CT (FHA|USDA|VA) 12 $2,790,000 $232,500 $5,114 4.56%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 8 $2,660,000 $332,500 $3,788 4.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $2,585,000 $235,000 $4,492 4.70%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 13 $2,535,000 $195,000 $6,836 4.65%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 11 $2,495,000 $226,818 $3,490 4.42%
    AKRON, OH (FHA|USDA|VA) 14 $2,360,000 $168,571 $4,307 4.72%
    Easton, MD (FHA|USDA|VA) 5 $2,315,000 $463,000 $3,929 4.55%
    Lock Haven, PA (FHA|USDA|VA) 13 $2,095,000 $161,154 $5,159 4.83%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $1,990,000 $331,667 $4,759 4.33%
    WILMINGTON, NC (FHA|USDA|VA) 10 $1,920,000 $192,000 $4,749 4.85%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $1,885,000 $269,286 $3,858 4.14%
    Berlin, NH (FHA|USDA|VA) 12 $1,810,000 $150,833 $3,628 4.86%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,730,000 $432,500 $5,363 4.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 9 $1,685,000 $187,222 $4,421 4.40%
    WILLIAMSPORT, PA (FHA|USDA|VA) 13 $1,665,000 $128,077 $4,739 4.78%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $1,490,000 $745,000 $5,545 4.31%
    COLUMBUS, OH (FHA|USDA|VA) 6 $1,380,000 $230,000 $4,062 4.48%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $1,345,000 $269,000 $4,977 4.55%
    Key West, FL (FHA|USDA|VA) 3 $1,245,000 $415,000 $8,382 4.12%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,190,000 $198,333 $4,662 4.69%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,180,000 $295,000 $4,578 4.44%
    STATE COLLEGE, PA (FHA|USDA|VA) 5 $1,145,000 $229,000 $3,814 4.55%
    Bluefield, WV-VA (FHA|USDA|VA) 7 $1,105,000 $157,857 $3,582 4.86%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $1,100,000 $183,333 $3,397 4.29%
    Morehead City, NC (FHA|USDA|VA) 5 $1,065,000 $213,000 $6,054 4.65%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $965,000 $193,000 $3,937 4.63%
    ASHEVILLE, NC (FHA|USDA|VA) 4 $960,000 $240,000 $5,304 4.81%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $940,000 $235,000 $6,507 3.84%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 6 $940,000 $156,667 $4,454 4.77%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $800,000 $200,000 $4,730 4.28%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $755,000 $251,667 $4,398 4.79%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $725,000 $241,667 $4,800 5.04%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 7 $715,000 $102,143 $4,316 5.20%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $710,000 $355,000 $438 4.38%
    GOLDSBORO, NC (FHA|USDA|VA) 5 $645,000 $129,000 $4,051 5.03%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $645,000 $215,000 $5,140 4.42%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $645,000 $215,000 $2,885 5.25%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $625,000 $208,333 $4,045 4.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $615,000 $205,000 $4,639 5.08%
    GAINESVILLE, FL (FHA|USDA|VA) 3 $595,000 $198,333 $3,413 4.13%
    Warren, PA (FHA|USDA|VA) 7 $595,000 $85,000 $4,044 4.93%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $590,000 $295,000 $3,484 4.38%
    FAYETTEVILLE, NC (FHA|USDA|VA) 4 $590,000 $147,500 $2,831 4.47%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $570,000 $285,000 $6,373 5.06%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $560,000 $280,000 $8,325 4.44%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $540,000 $270,000 $7,725 4.94%
    LYNCHBURG, VA (FHA|USDA|VA) 3 $515,000 $171,667 $3,025 4.42%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $490,000 $245,000 $3,264 4.44%
    Shelby, NC (FHA|USDA|VA) 2 $470,000 $235,000 $6,177 4.69%
    Batavia, NY (FHA|USDA|VA) 4 $460,000 $115,000 $3,700 4.81%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $450,000 $225,000 $3,090 4.50%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $450,000 $225,000 $5,400 4.44%
    Tiffin, OH (FHA|USDA|VA) 2 $450,000 $225,000 $6,738 4.44%
    STAUNTON, VA (FHA|USDA|VA) 3 $425,000 $141,667 $3,845 4.67%
    COLUMBIA, SC (FHA|USDA|VA) 2 $420,000 $210,000 $2,854 4.31%
    NILES, MI (FHA|USDA|VA) 3 $415,000 $138,333 $4,324 4.83%
    SAVANNAH, GA (FHA|USDA|VA) 2 $400,000 $200,000 $4,917 4.31%
    NEW BERN, NC (FHA|USDA|VA) 3 $385,000 $128,333 $2,536 4.54%
    TOLEDO, OH (FHA|USDA|VA) 2 $370,000 $185,000 $2,863 3.50%
    ELMIRA, NY (FHA|USDA|VA) 2 $370,000 $185,000 $2,980 4.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $370,000 $185,000 $5,659 4.25%
    ALTOONA, PA (FHA|USDA|VA) 3 $365,000 $121,667 $4,209 4.67%
    Huntingdon, PA (FHA|USDA|VA) 2 $350,000 $175,000 $5,776 4.81%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $345,000 $345,000 $4,508 4.00%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $330,000 $165,000 $5,495 4.19%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,379 4.50%
    Rockingham, NC (FHA|USDA|VA) 2 $300,000 $150,000 $2,951 4.56%
    SYRACUSE, NY (FHA|USDA|VA) 1 $295,000 $295,000 $3,358 4.75%
    Henderson, NC (FHA|USDA|VA) 1 $285,000 $285,000 $3,403 4.75%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 3 $265,000 $88,333 $4,213 4.63%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $255,000 $255,000 $8,352 4.63%
    BINGHAMTON, NY (FHA|USDA|VA) 2 $250,000 $125,000 $3,578 4.94%
    CHARLESTON, WV (FHA|USDA|VA) 1 $245,000 $245,000 $6,912 4.63%
    Sunbury, PA (FHA|USDA|VA) 2 $240,000 $120,000 $4,097 4.81%
    Wooster, OH (FHA|USDA|VA) 2 $240,000 $120,000 $4,231 4.31%
    Traverse City, MI (FHA|USDA|VA) 1 $235,000 $235,000 $575 4.25%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $235,000 $235,000 $1,697 4.50%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $235,000 $235,000 $2,341 3.50%
    Somerset, PA (FHA|USDA|VA) 2 $230,000 $115,000 $3,356 4.75%
    BECKLEY, WV (FHA|USDA|VA) 2 $230,000 $115,000 $4,581 4.75%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $230,000 $115,000 $4,424 4.63%
    Gloversville, NY (FHA|USDA|VA) 1 $225,000 $225,000 $3,648 4.75%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $225,000 $225,000 $6,280 4.13%
    Ashtabula, OH (FHA|USDA|VA) 1 $225,000 $225,000 $1,301 4.38%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $225,000 $225,000 $6,322 4.63%
    OCALA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,901 4.75%
    Bedford, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,455 4.13%
    Cambridge, MD (FHA|USDA|VA) 1 $215,000 $215,000 $3,070 5.13%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,773 3.63%
    Alma, MI (FHA|USDA|VA) 1 $205,000 $205,000 $5,282 5.13%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $205,000 $205,000 $3,611 3.88%
    KINGSTON, NY (FHA|USDA|VA) 1 $205,000 $205,000 $3,076 5.13%
    Washington, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,607 4.38%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $195,000 $195,000 $5,013 4.38%
    Holland, MI (FHA|USDA|VA) 1 $195,000 $195,000 $7,791 4.13%
    New Castle, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,783 4.50%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,443 3.75%
    FLORENCE, SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,240 4.63%
    Greenwood, SC (FHA|USDA|VA) 1 $185,000 $185,000 $2,585 3.88%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $175,000 $175,000 $5,571 4.38%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $7,776 4.25%
    Martinsville, VA (FHA|USDA|VA) 2 $170,000 $85,000 $3,792 4.69%
    HINESVILLE, GA (FHA|USDA|VA) 1 $165,000 $165,000 $5,917 4.63%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,598 4.88%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $155,000 $155,000 $2,665 5.25%
    Houghton, MI (FHA|USDA|VA) 1 $155,000 $155,000 $1,673 4.50%
    Douglas, GA (FHA|USDA|VA) 1 $155,000 $155,000 $5,217 5.00%
    SAGINAW, MI (FHA|USDA|VA) 1 $145,000 $145,000 $5,096 5.38%
    DuBois, PA (FHA|USDA|VA) 1 $145,000 $145,000 $6,052 4.75%
    Marion, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,128 4.75%
    Brevard, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.38%
    Kinston, NC (FHA|USDA|VA) 1 $135,000 $135,000 $1,402 5.00%
    Coshocton, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,372 4.75%
    Sandusky, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,993 4.13%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $125,000 $125,000 $3,006 4.88%
    BURLINGTON, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,180 5.00%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,593 5.75%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.38%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.25%
    Mount Vernon, OH (FHA|USDA|VA) 1 $85,000 $85,000 $4,238 4.38%
    Forest City, NC (FHA|USDA|VA) 1 $75,000 $75,000 $2,883 5.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
    MANSFIELD, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,703 4.63%
    Residential Mortgage Services's top markets include Boston, Providence, Portland, Manchester, and Philadelphia among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9,797 $2,480,525,000 $253,192 $3,754 4.69%
    FHA 4,007 $890,305,000 $222,187 $7,507 4.74%
    VA 1,169 $292,705,000 $250,389 $5,056 4.58%
    USDA 682 $116,980,000 $171,525 $5,064 4.54%

    For 2018, Residential Mortgage Services's most frequently originated type of loan was Conventional, with 9,797 originations. Their 2nd most popular type was FHA, with 4,007 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14,048 $3,375,550,000 $240,287 $4,985 4.69%
    Cash Out Refi 831 $212,935,000 $256,239 $4,365 4.73%
    Refi 680 $175,090,000 $257,485 $4,272 4.66%
    Other 50 $9,010,000 $180,200 $3,044 4.72%
    Home Improvement 46 $7,930,000 $172,391 $3,305 5.02%

    For 2018, Residential Mortgage Services's most frequently cited loan purpose was Home Purchase, with 14,048 originations. The 2nd most popular reason was Cash Out Refi, with 831 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 14,736 $3,634,250,000 $246,624 $5,057 4.76%
    15 Year 665 $91,575,000 $137,707 $2,258 3.34%
    20 Year 192 $44,020,000 $229,271 $3,416 4.48%
    Other 31 $6,295,000 $203,065 $3,292 4.53%
    10 Year 30 $3,930,000 $131,000 $2,991 4.10%
    30+ year 1 $445,000 $445,000 $7,564 4.38%

    For 2018, Residential Mortgage Services's most frequently cited loan duration was 30 Year, with 14,736 originations. The 2nd most popular length was 15 Year, with 665 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 10,324 $2,486,420,000 $240,839
    $<1k 3,254 $754,740,000 $231,942
    $2k-3k 763 $193,575,000 $253,702
    $3k-4k 366 $104,540,000 $285,628
    $5k+ 192 $76,360,000 $397,708
    $4k-5k 149 $48,065,000 $322,584

    Residential Mortgage Services's average total fees were $5,057, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 10,324 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 11,302 $2,814,660,000 $249,041
    5-6% 3,038 $677,180,000 $222,903
    3-4% 1,044 $272,700,000 $261,207
    <2.5% 193 $1,135,000 $5,881
    6-7% 72 $13,570,000 $188,472
    2.5-3% 5 $1,095,000 $219,000
    7-8% 1 $175,000 $175,000

    During 2018, Residential Mortgage Services's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 11,302 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 7,530 $2,086,320,000 $277,068 $5,359 4.72%
    $100k-200k 5,417 $836,965,000 $154,507 $4,322 4.76%
    $400k-600k 1,339 $622,955,000 $465,239 $6,152 4.66%
    $100,000 or less 1,153 $73,075,000 $63,378 $2,711 4.24%
    $600k-1MM 198 $138,290,000 $698,434 $6,835 4.51%
    $1MM+ 18 $22,910,000 $1,272,778 $7,965 4.45%

    2018 saw Residential Mortgage Services place emphasis on $200k-400k loans with 7,530 originations, totaling $2,086,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 4,644 $923,440,000 $198,846 $4,901 4.66%
    $75k-100k 3,177 $793,575,000 $249,788 $5,296 4.71%
    $100k-150k 3,036 $887,650,000 $292,375 $5,175 4.74%
    $50k or less 2,642 $366,980,000 $138,902 $4,244 4.65%
    $150k-250k 1,616 $579,530,000 $358,620 $4,829 4.72%
    $250k+ 494 $217,800,000 $440,891 $5,014 4.69%

    Residential Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 4,644 originations. The second most popular income band? $75k-100k, with 3,177 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 2,602 $616,550,000 $236,952 $4,560 4.69%
    20-30% 2,186 $541,120,000 $247,539 $4,324 4.67%
    50-60% 1,563 $384,745,000 $246,158 $7,295 4.69%
    49% 738 $178,490,000 $241,856 $4,902 4.66%
    44% 698 $167,920,000 $240,573 $4,792 4.72%
    42% 696 $175,770,000 $252,543 $4,889 4.70%
    43% 640 $151,500,000 $236,719 $4,741 4.76%
    45% 638 $147,290,000 $230,862 $4,992 4.67%
    41% 637 $154,505,000 $242,551 $4,611 4.75%
    40% 628 $152,760,000 $243,248 $4,675 4.73%
    46% 628 $145,530,000 $231,736 $4,900 4.66%
    47% 605 $139,865,000 $231,182 $5,006 4.73%
    39% 597 $144,105,000 $241,382 $4,587 4.69%
    38% 595 $148,585,000 $249,723 $4,622 4.72%
    48% 585 $142,085,000 $242,880 $5,067 4.72%
    36% 538 $131,240,000 $243,941 $4,554 4.66%
    <20% 527 $122,745,000 $232,913 $3,794 4.57%
    37% 507 $122,515,000 $241,647 $4,561 4.71%
    >60% 38 $11,280,000 $296,842 $5,576 4.58%

    Residential Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 2,602 originations. The next most common DTI ratio? 20-30%, with 2,186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11,523 $2,700,705,000 $234,375 $4,858 4.70%
    Not provided 2,835 $725,605,000 $255,945 $4,892 4.69%
    Black 683 $166,665,000 $244,019 $5,892 4.68%
    Asian 474 $150,140,000 $316,751 $4,947 4.57%
    Asian Indian 37 $12,735,000 $344,189 $4,462 4.75%
    American Indian 51 $11,175,000 $219,118 $5,743 4.53%
    Native Hawaiian or Islander 37 $8,135,000 $219,865 $5,726 4.54%
    Other Asian 5 $1,465,000 $293,000 $5,553 4.83%
    Chinese 2 $1,440,000 $720,000 $4,516 5.06%
    Other Pacific Islander 4 $1,330,000 $332,500 $4,255 4.81%
    Vietnamese 2 $870,000 $435,000 $3,619 4.69%
    Filipino 2 $250,000 $125,000 $6,259 4.94%

    Approval Rates

    Total approvals of all applications
    89.66%

    Residential Mortgage Services has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.99%

    Residential Mortgage Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    11.95 1 $5,000 $5,000
    NA 15,654 $3,780,510,000 $241,504

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 46 $5,300,000 $115,217
    Single Family (1-4 Units):Site-Built 15,609 $3,775,215,000 $241,861

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 226 $32,800,000 $145,133 $3,122 4.56%
    40-60% 727 $160,635,000 $220,956 $3,397 4.57%
    60-80% 3,327 $884,885,000 $265,971 $3,755 4.79%
    80-100% 10,738 $2,600,010,000 $242,132 $5,356 4.74%
    Over 100% 370 $97,410,000 $263,270 $8,073 4.69%
    Under 20% 261 $3,365,000 $12,893 $263 1.98%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Residential Mortgage Services Holdings, Inc. FHA mortgage Closing on a mortgage 2 66.7%
    Residential Mortgage Services Holdings, Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%