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 large 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 186 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 a low 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% 12/16/24
    30 Year Conventional Refi 6.65% 12/16/24
    30 Year Cash-out Refi 6.74% 12/16/24
    30 Year FHA Purchase 7.53% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    30 Year USDA Purchase 7.02% 12/16/24
    15 Year Conventional Purchase 5.30% 12/16/24
    15 Year Conventional Refi 6.27% 12/16/24
    15 Year Cash-out Refi 6.27% 12/16/24
    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

    30,176

    Origination Dollar Volume (All Markets)

    $8,469,050,000
    Show all (72) 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) 5,959 $2,213,265,000 $371,416 $4,164 3.09%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3,471 $974,025,000 $280,618 $4,153 3.09%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2,082 $586,670,000 $281,782 $4,226 3.12%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1,900 $534,530,000 $281,332 $4,097 3.12%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1,661 $463,265,000 $278,907 $4,902 3.07%
    WORCESTER, MA-CT (FHA|USDA|VA) 1,251 $332,725,000 $265,967 $4,114 3.12%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 559 $244,505,000 $437,397 $4,479 2.91%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 755 $236,665,000 $313,464 $4,683 3.00%
    LANCASTER, PA (FHA|USDA|VA) 931 $215,925,000 $231,928 $5,426 3.12%
    Outside of Metro Areas 835 $171,635,000 $205,551 $4,282 3.10%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 503 $166,875,000 $331,759 $3,758 3.09%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 608 $165,730,000 $272,582 $3,981 3.05%
    Concord, NH (FHA|USDA|VA) 460 $121,810,000 $264,804 $4,457 3.17%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 259 $114,055,000 $440,367 $5,451 3.05%
    YORK-HANOVER, PA (FHA|USDA|VA) 514 $109,190,000 $212,432 $6,062 3.14%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 629 $108,295,000 $172,170 $4,990 3.17%
    SALISBURY, MD-DE (FHA|USDA|VA) 344 $104,490,000 $303,750 $4,723 3.10%
    JACKSONVILLE, NC (FHA|USDA|VA) 509 $100,595,000 $197,633 $4,451 2.97%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 458 $97,240,000 $212,314 $5,019 3.11%
    SPRINGFIELD, MA (FHA|USDA|VA) 350 $78,310,000 $223,743 $4,063 2.99%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 342 $75,760,000 $221,520 $4,181 3.12%
    READING, PA (FHA|USDA|VA) 343 $72,475,000 $211,297 $4,985 3.13%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 362 $70,370,000 $194,392 $4,509 3.21%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 365 $69,335,000 $189,959 $4,139 3.20%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 274 $68,260,000 $249,124 $4,426 3.01%
    PITTSBURGH, PA (FHA|USDA|VA) 299 $66,695,000 $223,060 $4,780 3.02%
    Augusta-Waterville, ME (FHA|USDA|VA) 319 $65,085,000 $204,028 $4,513 3.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 216 $57,410,000 $265,787 $4,445 3.05%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 238 $50,250,000 $211,134 $3,613 3.01%
    DOVER, DE (FHA|USDA|VA) 193 $49,915,000 $258,627 $5,939 3.08%
    ROCHESTER, NY (FHA|USDA|VA) 276 $44,050,000 $159,601 $4,360 3.24%
    BANGOR, ME (FHA|USDA|VA) 218 $41,950,000 $192,431 $4,588 3.01%
    Laconia, NH (FHA|USDA|VA) 166 $39,890,000 $240,301 $4,493 3.17%
    Lebanon, NH-VT (FHA|USDA|VA) 175 $39,835,000 $227,629 $4,259 3.01%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 162 $31,480,000 $194,321 $5,656 3.11%
    LEBANON, PA (FHA|USDA|VA) 147 $30,655,000 $208,537 $5,425 3.16%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 107 $27,765,000 $259,486 $3,905 3.19%
    WINSTON-SALEM, NC (FHA|USDA|VA) 129 $26,615,000 $206,318 $3,614 2.87%
    WINCHESTER, VA-WV (FHA|USDA|VA) 85 $20,065,000 $236,059 $4,476 3.17%
    Sayre, PA (FHA|USDA|VA) 132 $19,440,000 $147,273 $5,413 3.18%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 65 $18,565,000 $285,615 $3,524 2.98%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 73 $18,025,000 $246,918 $4,825 3.04%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 63 $17,255,000 $273,889 $5,632 2.92%
    FLORENCE, SC (FHA|USDA|VA) 97 $16,195,000 $166,959 $5,313 3.10%
    GETTYSBURG, PA (FHA|USDA|VA) 73 $14,895,000 $204,041 $5,646 3.23%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 66 $14,810,000 $224,394 $5,402 3.16%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 60 $11,820,000 $197,000 $4,660 3.10%
    Keene, NH (FHA|USDA|VA) 55 $11,795,000 $214,455 $4,517 3.22%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 41 $10,965,000 $267,439 $4,009 3.11%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 28 $10,400,000 $371,429 $4,983 3.13%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 37 $9,795,000 $264,730 $4,826 3.02%
    OCEAN CITY, NJ (FHA|USDA|VA) 20 $8,430,000 $421,500 $4,429 3.19%
    WILMINGTON, NC (FHA|USDA|VA) 29 $7,885,000 $271,897 $4,578 2.97%
    ROANOKE, VA (FHA|USDA|VA) 33 $7,875,000 $238,636 $3,999 3.17%
    AKRON, OH (FHA|USDA|VA) 38 $7,560,000 $198,947 $4,261 3.01%
    FAYETTEVILLE, NC (FHA|USDA|VA) 37 $7,535,000 $203,649 $5,064 2.80%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 44 $7,190,000 $163,409 $4,298 2.99%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 23 $7,165,000 $311,522 $5,220 3.05%
    Georgetown, SC (FHA|USDA|VA) 30 $6,810,000 $227,000 $4,057 3.02%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 21 $6,665,000 $317,381 $4,919 2.86%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 15 $5,505,000 $367,000 $5,541 3.13%
    RICHMOND, VA (FHA|USDA|VA) 15 $4,445,000 $296,333 $3,916 3.01%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $4,140,000 $230,000 $4,161 3.20%
    Pottsville, PA (FHA|USDA|VA) 27 $3,995,000 $147,963 $4,712 3.25%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 21 $3,765,000 $179,286 $6,100 3.26%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 15 $3,585,000 $239,000 $3,597 2.76%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 12 $3,400,000 $283,333 $5,266 2.86%
    Morehead City, NC (FHA|USDA|VA) 10 $3,400,000 $340,000 $5,218 3.03%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $3,340,000 $334,000 $4,557 3.05%
    Berlin, NH (FHA|USDA|VA) 18 $3,240,000 $180,000 $4,039 3.35%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 10 $3,010,000 $301,000 $5,931 2.80%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $2,985,000 $331,667 $4,420 3.46%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $2,975,000 $270,455 $4,395 3.03%
    BURLINGTON, NC (FHA|USDA|VA) 14 $2,900,000 $207,143 $3,600 2.91%
    COLUMBIA, SC (FHA|USDA|VA) 12 $2,750,000 $229,167 $5,641 3.09%
    WILLIAMSPORT, PA (FHA|USDA|VA) 15 $2,685,000 $179,000 $4,942 3.37%
    NEW BERN, NC (FHA|USDA|VA) 12 $2,630,000 $219,167 $5,106 2.95%
    Vineyard Haven, MA (FHA|USDA|VA) 4 $2,560,000 $640,000 $5,012 2.97%
    STATE COLLEGE, PA (FHA|USDA|VA) 11 $2,525,000 $229,545 $4,291 3.22%
    Bluefield, WV-VA (FHA|USDA|VA) 15 $2,505,000 $167,000 $5,182 3.27%
    JACKSONVILLE, FL (FHA|USDA|VA) 10 $2,460,000 $246,000 $4,841 3.10%
    COLUMBUS, OH (FHA|USDA|VA) 9 $2,325,000 $258,333 $4,774 2.86%
    Lock Haven, PA (FHA|USDA|VA) 14 $2,270,000 $162,143 $4,799 3.21%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 14 $2,100,000 $150,000 $3,425 3.28%
    SYRACUSE, NY (FHA|USDA|VA) 9 $2,045,000 $227,222 $4,156 2.96%
    BINGHAMTON, NY (FHA|USDA|VA) 15 $2,005,000 $133,667 $4,536 3.40%
    PITTSFIELD, MA (FHA|USDA|VA) 9 $1,995,000 $221,667 $3,276 2.86%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 7 $1,915,000 $273,571 $4,171 2.95%
    LYNCHBURG, VA (FHA|USDA|VA) 3 $1,875,000 $625,000 $5,870 2.92%
    Torrington, CT (FHA|USDA|VA) 9 $1,865,000 $207,222 $4,047 2.99%
    Sandusky, OH (FHA|USDA|VA) 9 $1,715,000 $190,556 $4,106 3.17%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $1,700,000 $170,000 $3,570 3.18%
    GOLDSBORO, NC (FHA|USDA|VA) 12 $1,700,000 $141,667 $4,876 3.10%
    Easton, MD (FHA|USDA|VA) 6 $1,670,000 $278,333 $4,027 2.94%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 7 $1,535,000 $219,286 $2,633 3.05%
    ASHEVILLE, NC (FHA|USDA|VA) 6 $1,520,000 $253,333 $4,492 2.75%
    Warren, PA (FHA|USDA|VA) 14 $1,470,000 $105,000 $3,893 3.65%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 5 $1,465,000 $293,000 $4,689 3.20%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,440,000 $240,000 $3,793 3.15%
    Wooster, OH (FHA|USDA|VA) 8 $1,320,000 $165,000 $5,144 2.98%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,290,000 $215,000 $3,848 2.94%
    Sanford, NC (FHA|USDA|VA) 7 $1,285,000 $183,571 $4,610 2.84%
    Kill Devil Hills, NC (FHA|USDA|VA) 4 $1,210,000 $302,500 $3,236 3.22%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 7 $1,185,000 $169,286 $5,364 2.89%
    Sunbury, PA (FHA|USDA|VA) 6 $1,140,000 $190,000 $8,427 3.23%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 6 $1,000,000 $166,667 $3,706 3.15%
    SAVANNAH, GA (FHA|USDA|VA) 2 $970,000 $485,000 $4,226 2.69%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $890,000 $445,000 $4,616 2.75%
    Shelby, NC (FHA|USDA|VA) 5 $865,000 $173,000 $3,250 3.00%
    TOLEDO, OH (FHA|USDA|VA) 3 $865,000 $288,333 $4,712 2.79%
    Hudson, NY (FHA|USDA|VA) 2 $850,000 $425,000 $4,291 2.75%
    Boone, NC (FHA|USDA|VA) 4 $840,000 $210,000 $3,271 2.88%
    ROCKY MOUNT, NC (FHA|USDA|VA) 4 $820,000 $205,000 $4,465 3.38%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $800,000 $400,000 $3,791 2.81%
    STAUNTON, VA (FHA|USDA|VA) 5 $745,000 $149,000 $2,810 3.15%
    Albemarle, NC (FHA|USDA|VA) 3 $715,000 $238,333 $5,622 2.88%
    Forest City, NC (FHA|USDA|VA) 3 $675,000 $225,000 $6,755 2.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 4 $670,000 $167,500 $3,827 3.19%
    Seneca Falls, NY (FHA|USDA|VA) 6 $640,000 $106,667 $3,978 3.23%
    Batavia, NY (FHA|USDA|VA) 4 $610,000 $152,500 $3,634 2.88%
    Seneca, SC (FHA|USDA|VA) 2 $610,000 $305,000 $3,259 3.13%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $595,000 $198,333 $5,717 3.25%
    MORGANTOWN, WV (FHA|USDA|VA) 2 $580,000 $290,000 $3,692 3.00%
    OCALA, FL (FHA|USDA|VA) 3 $575,000 $191,667 $3,408 2.83%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $575,000 $191,667 $3,484 3.17%
    Lewistown, PA (FHA|USDA|VA) 2 $560,000 $280,000 $7,347 3.25%
    Wilson, NC (FHA|USDA|VA) 5 $545,000 $109,000 $3,100 2.13%
    GREENVILLE, NC (FHA|USDA|VA) 3 $535,000 $178,333 $4,614 3.33%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $515,000 $515,000 $3,068 3.00%
    Lumberton, NC (FHA|USDA|VA) 4 $480,000 $120,000 $4,210 3.56%
    JOHNSTOWN, PA (FHA|USDA|VA) 2 $470,000 $235,000 $4,381 3.13%
    SUMTER, SC (FHA|USDA|VA) 3 $445,000 $148,333 $6,845 3.08%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $435,000 $435,000 $4,346 2.88%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 5 $435,000 $87,000 $3,096 3.85%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $430,000 $215,000 $3,539 3.19%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $430,000 $215,000 $3,781 3.00%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $415,000 $415,000 $17,160 2.75%
    ERIE, PA (FHA|USDA|VA) 3 $405,000 $135,000 $3,653 2.79%
    ELMIRA, NY (FHA|USDA|VA) 3 $405,000 $135,000 $5,850 2.92%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $380,000 $190,000 $3,665 3.25%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $370,000 $185,000 $4,512 2.88%
    New Castle, PA (FHA|USDA|VA) 4 $360,000 $90,000 $4,186 2.91%
    Corning, NY (FHA|USDA|VA) 3 $355,000 $118,333 $3,539 3.00%
    Auburn, NY (FHA|USDA|VA) 3 $355,000 $118,333 $5,057 3.13%
    KINGSTON, NY (FHA|USDA|VA) 1 $325,000 $325,000 $3,582 2.88%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $315,000 $315,000 $3,246 3.00%
    ALTOONA, PA (FHA|USDA|VA) 2 $310,000 $155,000 $5,778 3.25%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $305,000 $305,000 $7,244 2.38%
    Rutland, VT (FHA|USDA|VA) 2 $300,000 $150,000 $3,609 3.63%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $300,000 $150,000 $4,714 3.69%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $3,400 3.00%
    Bennington, VT (FHA|USDA|VA) 2 $280,000 $140,000 $2,626 3.38%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $265,000 $265,000 $4,039 3.25%
    Rockingham, NC (FHA|USDA|VA) 3 $255,000 $85,000 $3,416 3.33%
    HINESVILLE, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,375 3.13%
    VALDOSTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $995 2.75%
    BECKLEY, WV (FHA|USDA|VA) 2 $240,000 $120,000 $4,296 2.75%
    Ashtabula, OH (FHA|USDA|VA) 1 $235,000 $235,000 $3,679 3.00%
    FLINT, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,816 3.63%
    Huntingdon, PA (FHA|USDA|VA) 2 $230,000 $115,000 $5,505 3.88%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $220,000 $110,000 $3,206 3.19%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $205,000 $205,000 $1,970 3.13%
    Bennettsville, SC (FHA|USDA|VA) 1 $205,000 $205,000 $8,927 2.63%
    NILES, MI (FHA|USDA|VA) 2 $200,000 $100,000 $4,535 3.75%
    Plymouth, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,468 3.38%
    Lewisburg, PA (FHA|USDA|VA) 1 $185,000 $185,000 $6,828 2.88%
    Clarksburg, WV (FHA|USDA|VA) 1 $185,000 $185,000 $5,162 3.50%
    Orangeburg, SC (FHA|USDA|VA) 1 $175,000 $175,000 $5,249 3.50%
    Cullowhee, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,800 2.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.50%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,058 3.38%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.38%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.88%
    Mount Airy, NC (FHA|USDA|VA) 1 $145,000 $145,000 $4,228 2.50%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $145,000 $145,000 $3,159 4.00%
    Danville, VA (FHA|USDA|VA) 1 $145,000 $145,000 $6,253 3.75%
    Henderson, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,090 4.00%
    Cambridge, OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,384 3.50%
    Salem, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,593 2.88%
    Bradford, PA (FHA|USDA|VA) 1 $115,000 $115,000 $6,612 3.63%
    Kinston, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,214 3.38%
    Warsaw, IN (FHA|USDA|VA) 1 $105,000 $105,000 $3,128 3.13%
    Ashland, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,783 3.49%
    Laurinburg, NC (FHA|USDA|VA) 1 $95,000 $95,000 $3,993 3.63%
    Martinsville, VA (FHA|USDA|VA) 1 $95,000 $95,000 $2,128 3.00%
    DuBois, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,679 2.88%
    Residential Mortgage Services's top markets include Boston, Providence, Portland, Manchester, and Philadelphia among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23,577 $6,777,905,000 $287,480 $3,631 3.10%
    FHA 4,014 $1,017,970,000 $253,605 $8,238 3.12%
    VA 1,766 $516,590,000 $292,520 $5,887 2.90%
    USDA 819 $156,585,000 $191,190 $5,604 3.02%

    For 2020, Residential Mortgage Services's most frequently originated type of loan was Conventional, with 23,577 originations. Their 2nd most popular type was FHA, with 4,014 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18,052 $4,946,510,000 $274,015 $5,088 3.04%
    Refi 9,176 $2,675,100,000 $291,532 $3,345 3.12%
    Cash Out Refi 2,765 $805,665,000 $291,380 $3,801 3.29%
    Other 118 $28,520,000 $241,695 $3,588 3.24%
    Home Improvement 65 $13,255,000 $203,923 $3,963 3.62%

    For 2020, Residential Mortgage Services's most frequently cited loan purpose was Home Purchase, with 18,052 originations. The 2nd most popular reason was Refi, with 9,176 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 25,629 $7,330,725,000 $286,032 $4,646 3.13%
    15 Year 2,418 $517,280,000 $213,929 $2,795 2.71%
    20 Year 1,269 $355,045,000 $279,783 $3,140 3.08%
    Other 525 $170,605,000 $324,962 $3,192 3.13%
    30+ year 206 $73,530,000 $356,942 $9,040 2.97%
    10 Year 126 $21,850,000 $173,413 $2,815 2.69%
    5 Year 3 $15,000 $5,000 $0 0.00%

    For 2020, Residential Mortgage Services's most frequently cited loan duration was 30 Year, with 25,629 originations. The 2nd most popular length was 15 Year, with 2,418 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 24,091 $6,859,445,000 $284,731
    $<1k 2,174 $485,250,000 $223,206
    $2k-3k 1,372 $383,310,000 $279,380
    $3k-4k 665 $196,045,000 $294,805
    $5k+ 366 $145,080,000 $396,393
    $4k-5k 288 $86,240,000 $299,444

    Residential Mortgage Services's average total fees were $4,646, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 24,091 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 13,589 $3,913,375,000 $287,981
    3-4% 12,750 $3,549,290,000 $278,376
    <2.5% 2,837 $774,725,000 $273,079
    4-5% 923 $216,005,000 $234,025
    5-6% 75 $15,355,000 $204,733
    6-7% 2 $300,000 $150,000

    During 2020, Residential Mortgage Services's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 2.5-3%, with 13,589 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 16,441 $4,710,865,000 $286,532 $4,563 3.10%
    $100k-200k 7,398 $1,165,860,000 $157,591 $3,996 3.15%
    $400k-600k 4,509 $2,118,495,000 $469,837 $4,916 3.02%
    $100,000 or less 1,267 $77,465,000 $61,140 $2,447 2.92%
    $600k-1MM 537 $367,065,000 $683,547 $6,181 3.15%
    $1MM+ 24 $29,300,000 $1,220,833 $9,952 3.36%

    2020 saw Residential Mortgage Services place emphasis on $200k-400k loans with 16,441 originations, totaling $4,710,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7,145 $1,572,815,000 $220,128 $4,653 3.09%
    $100k-150k 7,015 $2,224,545,000 $317,113 $4,357 3.10%
    $75k-100k 5,923 $1,596,085,000 $269,472 $4,609 3.11%
    $150k-250k 4,749 $1,773,265,000 $373,398 $4,127 3.10%
    $50k or less 3,414 $536,390,000 $157,115 $4,409 3.07%
    $250k+ 1,432 $615,120,000 $429,553 $4,109 3.10%

    Residential Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 7,145 originations. The second most popular income band? $100k-150k, with 7,015 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 6,670 $1,933,040,000 $289,811 $3,874 3.06%
    30-36% 5,726 $1,613,170,000 $281,727 $4,180 3.10%
    <20% 2,066 $587,500,000 $284,366 $3,504 2.99%
    50-60% 1,406 $381,490,000 $271,330 $8,024 3.04%
    44% 1,242 $340,800,000 $274,396 $4,547 3.15%
    43% 1,238 $324,000,000 $261,712 $4,456 3.13%
    42% 1,157 $321,505,000 $277,878 $4,548 3.11%
    40% 1,145 $320,785,000 $280,162 $4,459 3.11%
    39% 1,143 $306,845,000 $268,456 $4,411 3.11%
    41% 1,131 $306,645,000 $271,127 $4,493 3.15%
    38% 1,111 $308,035,000 $277,259 $4,392 3.12%
    37% 1,094 $302,470,000 $276,481 $4,169 3.13%
    36% 1,048 $297,210,000 $283,597 $4,242 3.12%
    45% 831 $233,735,000 $281,270 $4,906 3.17%
    49% 738 $205,790,000 $278,848 $5,139 3.16%
    46% 675 $186,375,000 $276,111 $5,138 3.13%
    48% 666 $188,640,000 $283,243 $5,228 3.14%
    47% 659 $180,285,000 $273,574 $5,084 3.13%
    >60% 24 $6,590,000 $274,583 $8,254 2.93%

    Residential Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 6,670 originations. The next most common DTI ratio? 30-36%, with 5,726 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22,729 $6,279,485,000 $276,276 $4,381 3.10%
    Not provided 4,992 $1,402,930,000 $281,036 $4,420 3.09%
    Black 1,196 $334,420,000 $279,615 $5,574 3.06%
    Asian 694 $240,970,000 $347,219 $4,279 3.01%
    Asian Indian 384 $160,180,000 $417,135 $4,173 2.84%
    American Indian 72 $17,500,000 $243,056 $4,652 3.13%
    Other Asian 32 $9,490,000 $296,563 $3,546 2.90%
    Native Hawaiian or Islander 25 $6,915,000 $276,600 $4,782 3.02%
    Chinese 17 $6,145,000 $361,471 $3,760 2.86%
    Filipino 15 $4,985,000 $332,333 $5,057 2.98%
    Other Pacific Islander 9 $2,665,000 $296,111 $7,828 3.06%
    Vietnamese 5 $1,445,000 $289,000 $4,614 3.05%
    Japanese 4 $1,310,000 $327,500 $5,802 3.34%
    Native Hawaiian 1 $345,000 $345,000 $1,980 2.88%
    Korean 1 $265,000 $265,000 $2,170 3.38%

    Approval Rates

    Total approvals of all applications
    95.16%

    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
    86.26%

    Residential Mortgage Services has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 30,176 $8,469,050,000 $280,655

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 58 $7,860,000 $135,517
    Single Family (1-4 Units):Site-Built 30,118 $8,461,190,000 $280,935

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 677 $131,425,000 $194,129 $2,989 2.93%
    40-60% 3,034 $830,990,000 $273,893 $3,155 3.00%
    60-80% 9,767 $2,929,105,000 $299,898 $3,517 3.18%
    80-100% 15,397 $4,292,955,000 $278,818 $5,211 3.10%
    Over 100% 522 $152,990,000 $293,084 $9,827 2.98%
    Under 20% 379 $8,845,000 $23,338 $409 1.95%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Residential Mortgage Services Holdings, Inc. Conventional home mortgage Trouble during payment process 1 50.0%
    Residential Mortgage Services Holdings, Inc. FHA mortgage Trouble during payment process 1 50.0%