Results Mortgage Rates, Fees & Info

DOVER, DE

LEI: 549300KEL5474M0Z1H81

Tax ID: 81-1250682

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 Brainerd among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Results Mortgage 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. 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.


    Originations

    1,351

    Origination Dollar Volume (All Markets)

    $306,905,000

    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) 852 $212,830,000 $249,800 $4,777 2.84%
    DULUTH, MN-WI (FHA|USDA|VA) 186 $35,020,000 $188,280 $5,237 2.88%
    ROCHESTER, MN (FHA|USDA|VA) 150 $31,060,000 $207,067 $4,874 2.73%
    Outside of Metro Areas 48 $8,370,000 $174,375 $4,529 2.97%
    ST. CLOUD, MN (FHA|USDA|VA) 45 $6,955,000 $154,556 $4,672 2.53%
    Brainerd, MN (FHA|USDA|VA) 12 $2,340,000 $195,000 $4,577 2.98%
    Red Wing, MN (FHA|USDA|VA) 13 $1,875,000 $144,231 $4,671 2.21%
    Hutchinson, MN (FHA|USDA|VA) 7 $1,725,000 $246,429 $4,765 3.00%
    Winona, MN (FHA|USDA|VA) 7 $1,455,000 $207,857 $3,876 2.48%
    Austin, MN (FHA|USDA|VA) 12 $1,430,000 $119,167 $5,501 2.29%
    Owatonna, MN (FHA|USDA|VA) 4 $730,000 $182,500 $4,151 2.97%
    Faribault-Northfield, MN (FHA|USDA|VA) 2 $580,000 $290,000 $3,052 2.75%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 3 $565,000 $188,333 $3,409 2.63%
    Fergus Falls, MN (FHA|USDA|VA) 1 $485,000 $485,000 $1,974 2.25%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $390,000 $195,000 $4,767 3.19%
    Albert Lea, MN (FHA|USDA|VA) 1 $245,000 $245,000 $6,518 2.88%
    MANKATO, MN (FHA|USDA|VA) 2 $230,000 $115,000 $6,792 3.50%
    Alexandria, MN (FHA|USDA|VA) 1 $205,000 $205,000 $3,458 2.63%
    Marshall, MN (FHA|USDA|VA) 1 $165,000 $165,000 $3,214 3.50%
    Grand Rapids, MN (FHA|USDA|VA) 1 $165,000 $165,000 $5,079 2.99%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $85,000 $85,000 $3,508 3.13%
    Results Mortgage's top markets include Minneapolis, Duluth, Rochester, St. Cloud, and Brainerd 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.

    NORTHWOODS
    Similarity Rank: 303
    Western National Bank
    Similarity Rank: 368
    SUPERIOR CHOICE
    Similarity Rank: 464
    Farmers & Merchants Savings Bank
    Similarity Rank: 720
    Anoka Hennepin Credit Union
    Similarity Rank: 826
    Manufacturers Bank & Trust Company
    Similarity Rank: 882
    WNB Financial, N.A.
    Similarity Rank: 900
    National Bank of Commerce
    Similarity Rank: 935
    MY Credit Union
    Similarity Rank: 1200
    Bank Midwest
    Similarity Rank: 1740

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,067 $236,975,000 $222,095 $3,990 2.78%
    FHA 198 $46,750,000 $236,111 $8,076 3.08%
    VA 65 $18,455,000 $283,923 $5,920 2.64%
    USDA 21 $4,725,000 $225,000 $5,956 2.82%

    For 2021, Results Mortgage's most frequently originated type of loan was Conventional, with 1,067 originations. Their 2nd most popular type was FHA, with 198 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,038 $225,820,000 $217,553 $5,147 2.76%
    Refi 208 $53,510,000 $257,260 $3,769 2.95%
    Cash Out Refi 105 $27,575,000 $262,619 $4,257 3.15%

    For 2021, Results Mortgage's most frequently cited loan purpose was Home Purchase, with 1,038 originations. The 2nd most popular reason was Refi, with 208 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,171 $275,905,000 $235,615 $4,959 2.81%
    15 Year 94 $22,590,000 $240,319 $3,831 2.57%
    10 Year 54 $1,020,000 $18,889 $2,584 3.37%
    20 Year 28 $5,980,000 $213,571 $3,680 2.99%
    Other 4 $1,410,000 $352,500 $2,880 2.93%

    For 2021, Results Mortgage's most frequently cited loan duration was 30 Year, with 1,171 originations. The 2nd most popular length was 15 Year, with 94 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 730 $190,670,000 $261,192
    $<1k 212 $18,120,000 $85,472
    $2k-3k 204 $43,510,000 $213,284
    $3k-4k 109 $26,285,000 $241,147
    $4k-5k 36 $11,450,000 $318,056
    $5k+ 26 $9,870,000 $379,615

    Results Mortgage's average total fees were $4,959, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 730 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 610 $133,480,000 $218,820
    2.5-3% 508 $136,010,000 $267,736
    <2.5% 221 $35,175,000 $159,163
    4-5% 12 $2,240,000 $186,667

    During 2021, Results Mortgage's average interest rate for loans was 2.81%, while their most frequently originated rate bucket for loans was 3-4%, with 610 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 708 $194,160,000 $274,237 $5,076 3.03%
    $100k-200k 342 $54,500,000 $159,357 $4,253 3.10%
    $100,000 or less 196 $5,280,000 $26,939 $3,736 1.51%
    $400k-600k 95 $43,835,000 $461,421 $5,148 2.93%
    $600k-1MM 7 $5,035,000 $719,286 $5,577 2.89%
    $1MM+ 3 $4,095,000 $1,365,000 $10,825 2.58%

    2021 saw Results Mortgage place emphasis on $200k-400k loans with 708 originations, totaling $194,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 485 $92,955,000 $191,660 $4,850 2.72%
    $75k-100k 253 $60,035,000 $237,292 $4,746 3.05%
    $50k or less 247 $34,855,000 $141,113 $4,815 2.57%
    $100k-150k 233 $68,945,000 $295,901 $4,863 2.98%
    $150k-250k 82 $29,150,000 $355,488 $4,615 2.95%
    $250k+ 48 $20,090,000 $418,542 $5,463 2.93%

    Results Mortgage lent most frequently to those with incomes in the $50k-75k range, with 485 originations. The second most popular income band? $75k-100k, with 253 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 264 $61,240,000 $231,970 $4,454 2.86%
    20-30% 254 $62,700,000 $246,850 $4,222 2.84%
    <20% 86 $14,620,000 $170,000 $4,061 2.21%
    42% 81 $17,015,000 $210,062 $5,219 2.91%
    44% 77 $15,325,000 $199,026 $5,443 2.76%
    39% 57 $13,955,000 $244,825 $4,514 2.98%
    41% 56 $11,530,000 $205,893 $4,874 2.92%
    43% 52 $10,880,000 $209,231 $5,389 2.84%
    40% 50 $12,550,000 $251,000 $5,709 2.90%
    36% 50 $11,560,000 $231,200 $4,540 3.06%
    37% 48 $11,100,000 $231,250 $4,828 2.79%
    38% 48 $11,430,000 $238,125 $4,549 2.86%
    49% 44 $9,850,000 $223,864 $5,376 2.62%
    45% 39 $8,455,000 $216,795 $4,680 2.84%
    50-60% 35 $8,725,000 $249,286 $7,314 2.94%
    48% 31 $7,225,000 $233,065 $4,545 2.97%
    47% 29 $6,245,000 $215,345 $5,816 2.78%
    46% 29 $6,495,000 $223,966 $5,363 2.91%
    >60% 4 $2,030,000 $507,500 $13,235 2.63%

    Results Mortgage lent most frequently to those with DTI ratios of 30-36%, with 264 originations. The next most common DTI ratio? 20-30%, with 254 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,046 $235,060,000 $224,723 $4,655 2.83%
    Not provided 141 $33,895,000 $240,390 $5,107 2.92%
    Asian 78 $19,320,000 $247,692 $5,726 2.70%
    Black 70 $14,790,000 $211,286 $5,994 2.70%
    American Indian 6 $1,070,000 $178,333 $6,522 2.48%
    Asian Indian 3 $1,015,000 $338,333 $4,694 2.66%
    Other Asian 3 $715,000 $238,333 $4,331 1.75%
    Vietnamese 2 $450,000 $225,000 $3,398 3.13%
    Native Hawaiian or Islander 1 $355,000 $355,000 $4,159 2.50%
    Chinese 1 $235,000 $235,000 $3,553 2.50%

    Approval Rates

    Total approvals of all applications
    91.03%

    Results Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.82%

    Results Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,351 $306,905,000 $227,169

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,351 $306,905,000 $227,169

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,940,000 $122,500 $3,395 2.93%
    40-60% 91 $21,405,000 $235,220 $3,405 2.89%
    60-80% 297 $82,055,000 $276,279 $4,171 3.06%
    80-100% 767 $194,975,000 $254,205 $5,208 3.06%
    Over 100% 12 $3,210,000 $267,500 $9,219 2.67%
    Under 20% 160 $2,320,000 $14,500 $2,413 1.14%