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 166 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 6.76% 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

    18,952

    Origination Dollar Volume (All Markets)

    $4,909,440,000
    Show all (26) 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) 3,493 $1,275,145,000 $365,057 $5,151 4.05%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2,251 $581,475,000 $258,319 $4,785 3.98%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1,336 $360,260,000 $269,656 $4,625 4.14%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1,132 $296,980,000 $262,350 $4,633 4.22%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 979 $262,845,000 $268,483 $5,404 4.04%
    WORCESTER, MA-CT (FHA|USDA|VA) 914 $225,150,000 $246,335 $4,764 4.08%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 521 $158,195,000 $303,637 $5,119 4.00%
    LANCASTER, PA (FHA|USDA|VA) 705 $147,505,000 $209,227 $5,324 4.16%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 310 $129,070,000 $416,355 $4,843 3.98%
    Outside of Metro Areas 542 $98,630,000 $181,974 $4,343 4.23%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 286 $90,480,000 $316,364 $4,469 4.10%
    Concord, NH (FHA|USDA|VA) 348 $80,300,000 $230,747 $4,684 4.15%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 446 $70,920,000 $159,013 $5,058 4.27%
    JACKSONVILLE, NC (FHA|USDA|VA) 374 $64,570,000 $172,647 $4,141 4.16%
    YORK-HANOVER, PA (FHA|USDA|VA) 338 $64,140,000 $189,763 $5,734 4.29%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 331 $60,965,000 $184,184 $5,009 4.23%
    READING, PA (FHA|USDA|VA) 310 $59,600,000 $192,258 $5,354 4.23%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 334 $57,990,000 $173,623 $4,664 4.30%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 127 $54,695,000 $430,669 $6,073 4.20%
    SALISBURY, MD-DE (FHA|USDA|VA) 187 $54,405,000 $290,936 $5,258 4.05%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 228 $52,840,000 $231,754 $4,427 4.08%
    ROCHESTER, NY (FHA|USDA|VA) 319 $50,605,000 $158,636 $3,971 4.29%
    SPRINGFIELD, MA (FHA|USDA|VA) 221 $44,965,000 $203,462 $4,358 3.91%
    Augusta-Waterville, ME (FHA|USDA|VA) 248 $44,220,000 $178,306 $4,513 4.19%
    PITTSBURGH, PA (FHA|USDA|VA) 193 $39,145,000 $202,824 $4,805 4.09%
    DOVER, DE (FHA|USDA|VA) 152 $36,340,000 $239,079 $5,969 4.15%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 165 $32,305,000 $195,788 $4,409 4.15%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 157 $26,805,000 $170,732 $5,624 4.30%
    BANGOR, ME (FHA|USDA|VA) 157 $26,765,000 $170,478 $4,514 4.25%
    Lebanon, NH-VT (FHA|USDA|VA) 105 $20,885,000 $198,905 $4,252 4.22%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 112 $20,550,000 $183,482 $3,692 4.07%
    LEBANON, PA (FHA|USDA|VA) 101 $20,135,000 $199,356 $5,325 4.13%
    Laconia, NH (FHA|USDA|VA) 87 $19,715,000 $226,609 $4,741 4.18%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 101 $19,365,000 $191,733 $4,418 4.06%
    RALEIGH-CARY, NC (FHA|USDA|VA) 67 $15,025,000 $224,254 $4,179 3.94%
    Sayre, PA (FHA|USDA|VA) 109 $14,855,000 $136,284 $5,104 4.35%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 55 $14,465,000 $263,000 $3,736 3.95%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 65 $13,915,000 $214,077 $4,475 4.27%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 74 $13,490,000 $182,297 $4,536 4.05%
    WINCHESTER, VA-WV (FHA|USDA|VA) 44 $11,010,000 $250,227 $4,966 4.19%
    RICHMOND, VA (FHA|USDA|VA) 40 $10,410,000 $260,250 $6,073 4.14%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 48 $9,310,000 $193,958 $4,613 4.25%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 30 $8,630,000 $287,667 $6,401 3.83%
    Keene, NH (FHA|USDA|VA) 44 $8,290,000 $188,409 $4,331 4.18%
    WINSTON-SALEM, NC (FHA|USDA|VA) 42 $8,280,000 $197,143 $4,370 4.01%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 19 $8,205,000 $431,842 $5,838 4.25%
    GETTYSBURG, PA (FHA|USDA|VA) 40 $7,610,000 $190,250 $5,364 4.35%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 48 $7,170,000 $149,375 $4,131 4.36%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 27 $5,565,000 $206,111 $5,029 4.11%
    Pottsville, PA (FHA|USDA|VA) 37 $5,545,000 $149,865 $4,503 4.13%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 28 $4,740,000 $169,286 $4,506 4.30%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 22 $4,300,000 $195,455 $5,141 3.96%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 22 $3,850,000 $175,000 $4,779 4.03%
    FAYETTEVILLE, NC (FHA|USDA|VA) 26 $3,560,000 $136,923 $3,503 3.91%
    Lock Haven, PA (FHA|USDA|VA) 21 $3,105,000 $147,857 $5,085 4.29%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $3,090,000 $257,500 $4,631 4.40%
    AKRON, OH (FHA|USDA|VA) 19 $2,985,000 $157,105 $3,784 4.45%
    WILMINGTON, NC (FHA|USDA|VA) 13 $2,805,000 $215,769 $3,939 4.03%
    ROANOKE, VA (FHA|USDA|VA) 12 $2,770,000 $230,833 $4,148 4.54%
    STATE COLLEGE, PA (FHA|USDA|VA) 12 $2,530,000 $210,833 $4,855 4.08%
    OCEAN CITY, NJ (FHA|USDA|VA) 9 $2,525,000 $280,556 $4,067 4.56%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,080,000 $260,000 $4,098 4.07%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $1,955,000 $279,286 $5,124 4.29%
    Warren, PA (FHA|USDA|VA) 20 $1,910,000 $95,500 $3,905 4.47%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $1,865,000 $373,000 $4,196 4.18%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 8 $1,860,000 $232,500 $5,207 3.91%
    Torrington, CT (FHA|USDA|VA) 8 $1,750,000 $218,750 $4,853 3.89%
    BURLINGTON, NC (FHA|USDA|VA) 9 $1,655,000 $183,889 $5,412 4.18%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,605,000 $321,000 $3,993 4.52%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 9 $1,575,000 $175,000 $5,706 4.79%
    Morehead City, NC (FHA|USDA|VA) 6 $1,500,000 $250,000 $3,373 3.83%
    Batavia, NY (FHA|USDA|VA) 11 $1,445,000 $131,364 $4,159 4.39%
    Bluefield, WV-VA (FHA|USDA|VA) 10 $1,390,000 $139,000 $4,878 4.39%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 11 $1,325,000 $120,455 $4,763 4.61%
    WILLIAMSPORT, PA (FHA|USDA|VA) 10 $1,320,000 $132,000 $4,882 4.13%
    GOLDSBORO, NC (FHA|USDA|VA) 15 $1,305,000 $87,000 $3,503 3.68%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,280,000 $213,333 $5,787 3.96%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 5 $1,265,000 $253,000 $4,556 4.97%
    PUNTA GORDA, FL (FHA|USDA|VA) 7 $1,205,000 $172,143 $5,225 3.84%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 9 $1,175,000 $130,556 $4,213 4.38%
    Sunbury, PA (FHA|USDA|VA) 6 $1,110,000 $185,000 $6,329 3.96%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,100,000 $183,333 $4,363 4.31%
    Lumberton, NC (FHA|USDA|VA) 8 $1,090,000 $136,250 $4,434 3.16%
    ASHEVILLE, NC (FHA|USDA|VA) 5 $1,065,000 $213,000 $3,249 4.23%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 8 $1,060,000 $132,500 $4,134 4.55%
    Berlin, NH (FHA|USDA|VA) 7 $1,035,000 $147,857 $3,330 4.18%
    New Castle, PA (FHA|USDA|VA) 5 $945,000 $189,000 $6,325 4.23%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $940,000 $235,000 $3,976 5.06%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $895,000 $298,333 $4,773 3.88%
    NEW BERN, NC (FHA|USDA|VA) 5 $895,000 $179,000 $4,216 3.77%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $825,000 $275,000 $5,386 4.21%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $825,000 $275,000 $4,730 3.96%
    Rockingham, NC (FHA|USDA|VA) 6 $820,000 $136,667 $4,744 4.04%
    SYRACUSE, NY (FHA|USDA|VA) 4 $820,000 $205,000 $3,352 4.44%
    Huntingdon, PA (FHA|USDA|VA) 4 $750,000 $187,500 $6,551 4.00%
    PITTSFIELD, MA (FHA|USDA|VA) 3 $745,000 $248,333 $1,970 4.13%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $740,000 $370,000 $5,593 4.13%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $685,000 $228,333 $3,941 4.08%
    DuBois, PA (FHA|USDA|VA) 5 $665,000 $133,000 $4,707 3.70%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $650,000 $325,000 $5,891 3.81%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $650,000 $325,000 $3,187 5.06%
    Easton, MD (FHA|USDA|VA) 2 $650,000 $325,000 $3,406 4.19%
    BINGHAMTON, NY (FHA|USDA|VA) 6 $600,000 $100,000 $4,227 4.31%
    Sanford, NC (FHA|USDA|VA) 3 $575,000 $191,667 $4,264 4.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $570,000 $285,000 $4,106 4.25%
    Georgetown, SC (FHA|USDA|VA) 2 $500,000 $250,000 $4,225 4.94%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $495,000 $495,000 $12,146 4.50%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $475,000 $475,000 $5,085 5.38%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $465,000 $465,000 $4,230 3.88%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $450,000 $225,000 $5,295 4.25%
    COLUMBIA, SC (FHA|USDA|VA) 2 $400,000 $200,000 $5,916 4.12%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $390,000 $195,000 $5,620 5.06%
    LYNCHBURG, VA (FHA|USDA|VA) 2 $380,000 $190,000 $6,558 4.69%
    STAUNTON, VA (FHA|USDA|VA) 2 $370,000 $185,000 $4,581 4.31%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $365,000 $365,000 $14,270 3.75%
    ELMIRA, NY (FHA|USDA|VA) 2 $340,000 $170,000 $4,577 4.87%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $330,000 $165,000 $5,768 4.00%
    ITHACA, NY (FHA|USDA|VA) 2 $320,000 $160,000 $5,529 4.68%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,370 3.88%
    Wooster, OH (FHA|USDA|VA) 3 $295,000 $98,333 $4,518 3.96%
    Sevierville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $4,462 3.63%
    OCALA, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,478 3.38%
    ERIE, PA (FHA|USDA|VA) 1 $265,000 $265,000 $4,416 4.63%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $255,000 $255,000 $7,205 3.50%
    Albemarle, NC (FHA|USDA|VA) 2 $250,000 $125,000 $0 5.06%
    Laurinburg, NC (FHA|USDA|VA) 2 $250,000 $125,000 $2,824 3.88%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $235,000 $235,000 $3,695 3.75%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $225,000 $225,000 $3,657 4.50%
    JOHNSTOWN, PA (FHA|USDA|VA) 2 $220,000 $110,000 $5,806 4.12%
    BECKLEY, WV (FHA|USDA|VA) 2 $220,000 $110,000 $5,036 4.31%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $210,000 $105,000 $0 5.69%
    Lewistown, PA (FHA|USDA|VA) 1 $205,000 $205,000 $7,447 3.50%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,404 4.88%
    Barre, VT (FHA|USDA|VA) 1 $205,000 $205,000 $3,802 3.75%
    Clarksburg, WV (FHA|USDA|VA) 1 $205,000 $205,000 $4,718 4.00%
    Kinston, NC (FHA|USDA|VA) 2 $200,000 $100,000 $4,758 4.50%
    COLUMBUS, OH (FHA|USDA|VA) 1 $195,000 $195,000 $3,456 4.88%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $7,445 3.50%
    Sandusky, OH (FHA|USDA|VA) 1 $195,000 $195,000 $3,711 5.13%
    Bennington, VT (FHA|USDA|VA) 1 $185,000 $185,000 $3,631 4.38%
    Shelby, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,307 3.63%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $160,000 $80,000 $3,727 4.38%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.75%
    Meadville, PA (FHA|USDA|VA) 1 $155,000 $155,000 $4,583 4.38%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $145,000 $145,000 $4,701 3.75%
    Boone, NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,683 4.50%
    Ashland, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,358 4.50%
    ALTOONA, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,428 4.50%
    Washington, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,814 3.50%
    MANSFIELD, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,937 4.50%
    Auburn, NY (FHA|USDA|VA) 1 $125,000 $125,000 $4,574 4.25%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 3 $115,000 $38,333 $0 5.38%
    Mount Airy, NC (FHA|USDA|VA) 1 $115,000 $115,000 $6,813 3.63%
    Plattsburgh, NY (FHA|USDA|VA) 1 $105,000 $105,000 $2,859 3.13%
    Gaffney, SC (FHA|USDA|VA) 1 $105,000 $105,000 $3,254 3.88%
    Norwalk, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,912 4.50%
    PEORIA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,468 4.50%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $1,436 3.75%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,748 3.88%
    Martinsville, VA (FHA|USDA|VA) 1 $85,000 $85,000 $3,137 3.25%
    Corning, NY (FHA|USDA|VA) 1 $75,000 $75,000 $3,849 4.75%
    Wilson, NC (FHA|USDA|VA) 1 $75,000 $75,000 $3,685 4.50%
    Elizabeth City, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.25%
    FLORENCE, SC (FHA|USDA|VA) 1 $65,000 $65,000 $2,607 4.38%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.88%
    Newberry, SC (FHA|USDA|VA) 1 $55,000 $55,000 $3,815 5.00%
    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)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against RESIDENTIAL MORTGAGE SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    POINT BREEZE
    Similarity Rank: 27
    POLISH NATIONAL
    Similarity Rank: 48
    Northern Bank & Trust Company
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    ABNB Federal Credit Union
    Similarity Rank: 75
    SOUTHBRIDGE CREDIT UNION
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    Florence Bank
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    Bristol County Savings Bank
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    EXCITE Credit Union
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    ESSA Bank & Trust
    Similarity Rank: 120
    CNB Bank
    Similarity Rank: 128

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 12,668 $3,424,510,000 $270,328 $3,738 4.11%
    FHA 4,266 $1,011,910,000 $237,203 $7,839 4.19%
    VA 1,342 $354,130,000 $263,882 $5,381 3.99%
    USDA 676 $118,890,000 $175,873 $5,273 3.96%

    For 2019, Residential Mortgage Services's most frequently originated type of loan was Conventional, with 12,668 originations. Their 2nd most popular type was FHA, with 4,266 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14,614 $3,622,660,000 $247,890 $5,111 4.14%
    Refi 2,978 $920,550,000 $309,117 $3,881 3.94%
    Cash Out Refi 1,221 $338,525,000 $277,252 $4,556 4.18%
    Other 89 $18,815,000 $211,404 $3,363 4.14%
    Home Improvement 50 $8,890,000 $177,800 $3,591 4.55%

    For 2019, Residential Mortgage Services's most frequently cited loan purpose was Home Purchase, with 14,614 originations. The 2nd most popular reason was Refi, with 2,978 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 17,506 $4,609,090,000 $263,286 $5,046 4.17%
    15 Year 951 $169,165,000 $177,881 $2,514 3.25%
    20 Year 308 $81,800,000 $265,584 $3,460 3.89%
    Other 134 $43,310,000 $323,209 $3,523 3.85%
    10 Year 37 $5,645,000 $152,568 $3,040 3.86%
    5 Year 15 $75,000 $5,000 $0 0.00%
    30+ year 1 $355,000 $355,000 $8,378 3.75%

    For 2019, Residential Mortgage Services's most frequently cited loan duration was 30 Year, with 17,506 originations. The 2nd most popular length was 15 Year, with 951 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 14,572 $3,906,880,000 $268,109
    $<1k 2,075 $396,255,000 $190,966
    $2k-3k 856 $229,490,000 $268,096
    $3k-4k 406 $119,850,000 $295,197
    $5k+ 170 $67,650,000 $397,941
    $4k-5k 143 $43,155,000 $301,783

    Residential Mortgage Services's average total fees were $5,046, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 14,572 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 9,553 $2,720,975,000 $284,829
    4-5% 7,956 $1,924,760,000 $241,926
    5-6% 1,096 $232,620,000 $212,245
    <2.5% 251 $1,615,000 $6,434
    2.5-3% 66 $24,550,000 $371,970
    6-7% 30 $4,920,000 $164,000

    During 2019, Residential Mortgage Services's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 3-4%, with 9,553 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 9,401 $2,649,355,000 $281,816 $5,229 4.12%
    $100k-200k 5,732 $889,710,000 $155,218 $4,318 4.25%
    $400k-600k 2,206 $1,030,190,000 $466,995 $5,733 3.99%
    $100,000 or less 1,250 $73,460,000 $58,768 $2,475 3.72%
    $600k-1MM 334 $232,770,000 $696,916 $6,327 4.03%
    $1MM+ 29 $33,955,000 $1,170,862 $7,291 3.92%

    2019 saw Residential Mortgage Services place emphasis on $200k-400k loans with 9,401 originations, totaling $2,649,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 5,223 $1,058,485,000 $202,658 $4,879 4.10%
    $100k-150k 4,021 $1,238,105,000 $307,910 $5,037 4.14%
    $75k-100k 3,730 $965,370,000 $258,812 $5,238 4.14%
    $50k or less 2,719 $387,115,000 $142,374 $4,339 4.13%
    $150k-250k 2,300 $857,180,000 $372,687 $4,700 4.10%
    $250k+ 704 $322,570,000 $458,196 $4,505 4.09%

    Residential Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 5,223 originations. The second most popular income band? $100k-150k, with 4,021 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 3,446 $901,090,000 $261,489 $4,500 4.11%
    20-30% 3,093 $832,085,000 $269,022 $4,126 4.07%
    50-60% 1,495 $378,725,000 $253,328 $7,516 4.09%
    44% 869 $215,765,000 $248,291 $4,648 4.12%
    43% 813 $198,795,000 $244,520 $4,774 4.14%
    42% 811 $209,835,000 $258,736 $4,653 4.13%
    39% 804 $204,930,000 $254,888 $4,566 4.09%
    41% 795 $202,955,000 $255,289 $4,713 4.17%
    40% 785 $200,575,000 $255,510 $4,708 4.13%
    37% 715 $188,625,000 $263,811 $4,566 4.12%
    38% 696 $176,210,000 $253,175 $4,679 4.15%
    <20% 692 $176,060,000 $254,422 $3,836 4.03%
    49% 680 $172,730,000 $254,015 $5,597 4.20%
    36% 666 $169,910,000 $255,120 $4,573 4.12%
    45% 652 $163,910,000 $251,396 $5,170 4.20%
    46% 592 $154,390,000 $260,794 $5,234 4.15%
    48% 552 $141,720,000 $256,739 $5,411 4.18%
    47% 528 $133,850,000 $253,504 $5,376 4.22%
    >60% 20 $6,900,000 $345,000 $6,874 3.97%

    Residential Mortgage Services lent most frequently to those with DTI ratios of 30-36%, with 3,446 originations. The next most common DTI ratio? 20-30%, with 3,093 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 14,352 $3,636,580,000 $253,385 $4,807 4.12%
    Not provided 3,001 $807,255,000 $268,995 $4,891 4.11%
    Black 879 $227,275,000 $258,561 $6,139 4.08%
    Asian 511 $176,875,000 $346,135 $4,596 3.98%
    Asian Indian 100 $35,390,000 $353,900 $4,128 4.08%
    American Indian 42 $9,130,000 $217,381 $5,523 3.93%
    Other Asian 21 $5,875,000 $279,762 $4,179 4.19%
    Native Hawaiian or Islander 14 $3,360,000 $240,000 $4,857 4.28%
    Other Pacific Islander 8 $1,780,000 $222,500 $5,697 4.28%
    Vietnamese 7 $1,735,000 $247,857 $4,544 4.41%
    Japanese 6 $1,490,000 $248,333 $4,217 4.08%
    Chinese 5 $1,315,000 $263,000 $4,714 4.55%
    Filipino 5 $1,195,000 $239,000 $5,452 4.20%
    Guamanian 1 $185,000 $185,000 $5,627 4.38%

    Approval Rates

    Total approvals of all applications
    93.39%

    Residential Mortgage Services has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.12%

    Residential Mortgage Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 18,952 $4,909,440,000 $259,046

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 59 $7,885,000 $133,644
    Single Family (1-4 Units):Site-Built 18,893 $4,901,555,000 $259,438

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 300 $52,660,000 $175,533 $3,107 3.97%
    40-60% 1,005 $245,125,000 $243,905 $3,343 3.96%
    60-80% 4,551 $1,302,705,000 $286,246 $3,719 4.19%
    80-100% 12,137 $3,131,145,000 $257,983 $5,434 4.18%
    Over 100% 406 $107,880,000 $265,714 $8,311 4.08%
    Under 20% 346 $3,860,000 $11,156 $180 1.80%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Residential Home Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%