Results Mortgage Rates, Fees & Info

DOVER, DE

LEI: 549300KEL5474M0Z1H81

Tax ID: 81-1250682

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Results Mortgage is a smaller mortgage company specializing in Home Purchase loans. Results Mortgage 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: Minneapolis, Duluth, Rochester, St. Cloud, and Red Wing among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Results Mortgage 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. Results Mortgage 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 6.08% 4/21/24
    30 Year Conventional Refi 6.73% 4/21/24
    30 Year Cash-out Refi 6.98% 4/21/24
    30 Year FHA Purchase 7.44% 4/21/24
    30 Year FHA Refi 6.84% 4/21/24
    30 Year VA Purchase 6.26% 4/21/24
    30 Year USDA Purchase 6.68% 4/21/24
    15 Year Conventional Purchase 6.25% 4/21/24
    15 Year Conventional Refi 5.98% 4/21/24
    15 Year Cash-out Refi 5.98% 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.

    Results Mortgage Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Results Mortgage. 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

    819

    Origination Dollar Volume (All Markets)

    $137,195,000

    Awards

    RESULTS MORTGAGE FHA Loans bronze
    Show all (1) 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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 518 $90,210,000 $174,151 $3,933 4.32%
    DULUTH, MN-WI (FHA|USDA|VA) 117 $18,155,000 $155,171 $5,027 4.31%
    ROCHESTER, MN (FHA|USDA|VA) 82 $15,150,000 $184,756 $4,251 4.12%
    Outside of Metro Areas 46 $6,240,000 $135,652 $4,148 4.55%
    ST. CLOUD, MN (FHA|USDA|VA) 17 $2,145,000 $126,176 $3,066 4.51%
    Red Wing, MN (FHA|USDA|VA) 11 $1,285,000 $116,818 $3,579 4.11%
    Winona, MN (FHA|USDA|VA) 7 $1,045,000 $149,286 $3,321 4.15%
    Hutchinson, MN (FHA|USDA|VA) 6 $880,000 $146,667 $4,037 4.44%
    Faribault-Northfield, MN (FHA|USDA|VA) 4 $610,000 $152,500 $3,127 4.63%
    Whitewater, WI (FHA|USDA|VA) 1 $295,000 $295,000 $3,320 3.75%
    Brainerd, MN (FHA|USDA|VA) 1 $275,000 $275,000 $3,355 4.88%
    Bemidji, MN (FHA|USDA|VA) 1 $215,000 $215,000 $8,729 4.75%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $195,000 $195,000 $1,383 4.50%
    Marshall, MN (FHA|USDA|VA) 1 $155,000 $155,000 $3,094 4.99%
    MANKATO, MN (FHA|USDA|VA) 2 $140,000 $70,000 $3,484 4.38%
    Alexandria, MN (FHA|USDA|VA) 2 $130,000 $65,000 $2,770 4.25%
    Austin, MN (FHA|USDA|VA) 2 $70,000 $35,000 $2,073 3.63%
    Results Mortgage's top markets include Minneapolis, Duluth, Rochester, St. Cloud, and Red Wing among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

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

    Western National Bank
    Similarity Rank: 156
    The Miners National Bank of Eveleth
    Similarity Rank: 335
    SUPERIOR CHOICE
    Similarity Rank: 606
    North Shore Bank of Commerce
    Similarity Rank: 670
    MAYO EMPLOYEES FEDERAL CREDIT UNION
    Similarity Rank: 800
    South Metro Federal Credit Union
    Similarity Rank: 1088
    First National Bank of Elk River
    Similarity Rank: 1110
    ST. CLOUD FINANCIAL
    Similarity Rank: 1182
    WESTconsin Credit Union
    Similarity Rank: 1216
    IDEAL
    Similarity Rank: 1221

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 580 $88,010,000 $151,741 $2,916 4.40%
    FHA 181 $36,565,000 $202,017 $7,401 4.16%
    VA 38 $9,330,000 $245,526 $5,426 4.01%
    USDA 20 $3,290,000 $164,500 $5,264 4.18%

    For 2019, Results Mortgage's most frequently originated type of loan was Conventional, with 580 originations. Their 2nd most popular type was FHA, with 181 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 735 $118,235,000 $160,864 $4,054 4.33%
    Refi 41 $10,165,000 $247,927 $3,918 4.07%
    Cash Out Refi 39 $7,995,000 $205,000 $5,171 4.36%
    Home Improvement 4 $800,000 $200,000 $4,643 4.46%

    For 2019, Results Mortgage's most frequently cited loan purpose was Home Purchase, with 735 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 725 $130,495,000 $179,993 $4,454 4.31%
    10 Year 64 $640,000 $10,000 $225 4.59%
    20 Year 15 $3,515,000 $234,333 $4,194 3.92%
    15 Year 14 $2,450,000 $175,000 $3,263 3.73%
    Other 1 $95,000 $95,000 $4,528 4.38%

    For 2019, Results Mortgage's most frequently cited loan duration was 30 Year, with 725 originations. The 2nd most popular length was 10 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 401 $84,185,000 $209,938
    $<1k 175 $5,135,000 $29,343
    $2k-3k 146 $24,560,000 $168,219
    $3k-4k 63 $14,165,000 $224,841
    $4k-5k 16 $4,570,000 $285,625
    $5k+ 8 $3,050,000 $381,250

    Results Mortgage's average total fees were $4,454, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 401 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 351 $63,455,000 $180,783
    3-4% 299 $62,035,000 $207,475
    5-6% 72 $9,890,000 $137,361
    2.5-3% 3 $1,095,000 $365,000
    6-7% 1 $145,000 $145,000

    During 2019, Results Mortgage's average interest rate for loans was 4.31%, while their most frequently originated rate bucket for loans was 4-5%, with 351 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 306 $79,370,000 $259,379 $5,462 4.17%
    $100k-200k 304 $47,480,000 $156,184 $4,716 4.36%
    $100,000 or less 196 $4,460,000 $22,755 $860 4.64%
    $400k-600k 13 $5,885,000 $452,692 $6,462 4.12%

    2019 saw Results Mortgage place emphasis on $200k-400k loans with 306 originations, totaling $79,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 298 $47,890,000 $160,705 $4,137 4.35%
    $50k or less 215 $22,555,000 $104,907 $3,402 4.34%
    $75k-100k 161 $30,075,000 $186,801 $4,338 4.36%
    $100k-150k 104 $24,700,000 $237,500 $4,859 4.18%
    $150k-250k 34 $9,570,000 $281,471 $4,759 4.15%
    $250k+ 7 $2,405,000 $343,571 $3,776 4.29%

    Results Mortgage lent most frequently to those with incomes in the $50k-75k range, with 298 originations. The second most popular income band? $50k or less, with 215 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 153 $27,315,000 $178,529 $4,172 4.32%
    20-30% 143 $22,945,000 $160,455 $3,243 4.24%
    <20% 72 $3,040,000 $42,222 $764 4.47%
    44% 44 $7,430,000 $168,864 $4,354 4.44%
    41% 35 $6,185,000 $176,714 $4,060 4.16%
    37% 34 $6,360,000 $187,059 $4,363 4.60%
    39% 34 $6,930,000 $203,824 $5,190 4.20%
    36% 34 $4,910,000 $144,412 $3,819 4.37%
    43% 33 $6,455,000 $195,606 $4,853 4.29%
    38% 33 $6,105,000 $185,000 $4,297 4.31%
    40% 31 $4,985,000 $160,806 $3,971 4.48%
    42% 27 $4,665,000 $172,778 $5,029 4.36%
    49% 27 $5,625,000 $208,333 $6,190 4.22%
    50-60% 27 $5,955,000 $220,556 $6,364 4.07%
    48% 23 $4,815,000 $209,348 $5,672 4.11%
    45% 23 $5,135,000 $223,261 $6,528 4.30%
    47% 22 $4,620,000 $210,000 $5,661 4.47%
    46% 19 $3,685,000 $193,947 $5,915 4.40%
    >60% 3 $25,000 $8,333 $150 4.25%

    Results Mortgage lent most frequently to those with DTI ratios of 30-36%, with 153 originations. The next most common DTI ratio? 20-30%, with 143 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 699 $118,365,000 $169,335 $4,098 4.32%
    Not provided 56 $8,700,000 $155,357 $3,629 4.42%
    Black 32 $4,500,000 $140,625 $4,340 4.27%
    Asian 24 $4,470,000 $186,250 $4,758 4.10%
    Native Hawaiian or Islander 3 $705,000 $235,000 $7,057 4.38%
    American Indian 3 $435,000 $145,000 $4,136 4.29%
    Other Pacific Islander 1 $15,000 $15,000 $0 0.00%
    Korean 1 $5,000 $5,000 $150 0.00%

    Approval Rates

    Total approvals of all applications
    89.38%

    Results Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.99%

    Results Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 819 $137,195,000 $167,515

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $1,480,000 $123,333
    Single Family (1-4 Units):Site-Built 807 $135,715,000 $168,172

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $975,000 $108,333 $3,349 4.07%
    40-60% 22 $3,250,000 $147,727 $3,742 4.18%
    60-80% 132 $28,240,000 $213,939 $4,322 4.25%
    80-100% 495 $102,655,000 $207,384 $5,293 4.31%
    Over 100% 4 $860,000 $215,000 $8,049 4.13%
    Under 20% 157 $1,215,000 $7,739 $131 4.59%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Rock Holdings Inc. Conventional home mortgage Closing on a mortgage 1 100.0%