Residential Wholesale Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 549300MUXFVZKH4XLG17

Tax ID: 33-0594693

4.2 stars - out of 5 stars, based on 53 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Residential Wholesale Mortgage is a small mortgage company specializing in Refi and Home Purchase loans. Residential Wholesale Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Diego, Riverside, Los Angeles, Las Vegas, and Seattle among others. We have data for 90 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Residential Wholesale 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. Residential Wholesale Mortgage 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 6.51% 1/29/23
    30 Year Conventional Refi 6.41% 1/29/23
    30 Year Cash-out Refi 6.57% 1/29/23
    30 Year FHA Purchase 7.37% 1/29/23
    30 Year FHA Refi 7.16% 1/29/23
    30 Year VA Purchase 6.25% 1/29/23
    30 Year VA Refi 5.98% 1/29/23
    30 Year USDA Purchase 6.70% 1/29/23
    30 Year USDA Refi 6.86% 1/29/23
    15 Year Conventional Purchase 5.98% 1/29/23
    15 Year Conventional Refi 5.98% 1/29/23
    15 Year Cash-out Refi 5.98% 1/29/23
    15 Year VA Refi 5.83% 1/29/23
    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.


    Originations

    2,851

    Origination Dollar Volume (All Markets)

    $1,164,375,000

    Awards

    RESIDENTIAL WHOLESALE MORTGAGE 30 Year Conventional Loans bronze RESIDENTIAL WHOLESALE MORTGAGE USDA Loans silver
    Show all (2) awards

    Relative Rate

    Residential Wholesale Mortgage's average 30 year fixed mortgage rate was 3.01%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.14%.

    Relative Fees (Closing Costs)

    Residential Wholesale Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $5,954.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1,262 $602,230,000 $477,203 $5,738 2.94%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 310 $110,840,000 $357,548 $6,657 2.93%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 193 $90,255,000 $467,642 $5,369 2.89%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 184 $64,120,000 $348,478 $6,135 3.12%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 94 $53,300,000 $567,021 $5,142 2.97%
    FRESNO, CA (FHA|USDA|VA) 137 $35,015,000 $255,584 $5,070 3.04%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 37 $19,615,000 $530,135 $5,741 2.93%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 43 $17,525,000 $407,558 $10,256 2.77%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 55 $16,735,000 $304,273 $4,905 3.12%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 53 $15,665,000 $295,566 $5,674 3.06%
    YUMA, AZ (FHA|USDA|VA) 73 $13,535,000 $185,411 $5,031 3.07%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 53 $12,525,000 $236,321 $4,649 3.11%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 18 $8,430,000 $468,333 $4,681 3.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 23 $8,155,000 $354,565 $4,798 3.04%
    VISALIA, CA (FHA|USDA|VA) 37 $7,725,000 $208,784 $4,716 3.10%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 10 $5,590,000 $559,000 $5,379 2.85%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 15 $5,515,000 $367,667 $3,733 3.10%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 22 $5,450,000 $247,727 $3,526 3.16%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 9 $4,025,000 $447,222 $7,105 2.97%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 8 $3,920,000 $490,000 $4,364 2.91%
    Kalispell, MT (FHA|USDA|VA) 10 $3,890,000 $389,000 $5,352 2.68%
    Outside of Metro Areas 9 $3,725,000 $413,889 $5,687 2.78%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 11 $3,605,000 $327,727 $7,498 2.98%
    STOCKTON, CA (FHA|USDA|VA) 10 $3,600,000 $360,000 $8,077 2.81%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $2,960,000 $246,667 $6,331 3.07%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $2,950,000 $368,750 $3,738 2.89%
    MADERA, CA (FHA|USDA|VA) 11 $2,615,000 $237,727 $4,901 3.01%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $2,510,000 $627,500 $5,717 2.91%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $2,250,000 $375,000 $4,289 3.06%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $2,030,000 $338,333 $5,826 3.08%
    BEND, OR (FHA|USDA|VA) 7 $1,895,000 $270,714 $3,864 3.10%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 9 $1,835,000 $203,889 $3,747 3.04%
    TUCSON, AZ (FHA|USDA|VA) 8 $1,730,000 $216,250 $2,858 3.22%
    KNOXVILLE, TN (FHA|USDA|VA) 5 $1,545,000 $309,000 $4,681 3.42%
    EL CENTRO, CA (FHA|USDA|VA) 6 $1,290,000 $215,000 $4,110 3.23%
    WACO, TX (FHA|USDA|VA) 4 $1,280,000 $320,000 $4,500 2.78%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,020,000 $510,000 $6,391 3.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,015,000 $203,000 $4,145 3.27%
    HUNTSVILLE, AL (FHA|USDA|VA) 2 $990,000 $495,000 $11,760 2.94%
    BAKERSFIELD, CA (FHA|USDA|VA) 4 $930,000 $232,500 $7,493 3.19%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $910,000 $455,000 $4,972 3.19%
    MERCED, CA (FHA|USDA|VA) 5 $905,000 $181,000 $5,054 3.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $900,000 $450,000 $5,642 3.06%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $880,000 $220,000 $4,632 3.00%
    CHICO, CA (FHA|USDA|VA) 2 $860,000 $430,000 $7,642 2.81%
    VALLEJO, CA (FHA|USDA|VA) 2 $860,000 $430,000 $4,739 2.93%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 4 $790,000 $197,500 $5,237 3.06%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $780,000 $390,000 $4,418 2.25%
    Sevierville, TN (FHA|USDA|VA) 2 $700,000 $350,000 $0 3.88%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $670,000 $335,000 $3,226 3.19%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $590,000 $295,000 $4,815 3.00%
    YAKIMA, WA (FHA|USDA|VA) 2 $550,000 $275,000 $3,989 2.94%
    BOISE CITY, ID (FHA|USDA|VA) 1 $545,000 $545,000 $5,208 2.99%
    Outside of Metro Areas 1 $515,000 $515,000 $6,388 2.99%
    SALINAS, CA (FHA|USDA|VA) 1 $505,000 $505,000 $15,192 2.75%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $500,000 $250,000 $4,778 2.94%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $480,000 $240,000 $3,947 3.06%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $450,000 $225,000 $4,449 2.99%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $445,000 $445,000 $4,386 2.88%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $435,000 $435,000 $2,554 3.37%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $390,000 $195,000 $0 3.44%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $385,000 $385,000 $3,969 3.25%
    Ellensburg, WA (FHA|USDA|VA) 1 $375,000 $375,000 $2,799 2.38%
    MODESTO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $3,989 3.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $345,000 $345,000 $7,685 2.88%
    Nogales, AZ (FHA|USDA|VA) 2 $340,000 $170,000 $3,031 2.88%
    GREELEY, CO (FHA|USDA|VA) 1 $315,000 $315,000 $4,052 3.12%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $305,000 $305,000 $2,960 2.88%
    SALEM, OR (FHA|USDA|VA) 1 $295,000 $295,000 $2,944 2.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,837 3.12%
    COLUMBIA, SC (FHA|USDA|VA) 2 $270,000 $135,000 $0 4.38%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.75%
    Aberdeen, WA (FHA|USDA|VA) 1 $255,000 $255,000 $6,826 2.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $250,000 $125,000 $0 3.25%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,894 3.25%
    RENO, NV (FHA|USDA|VA) 1 $235,000 $235,000 $2,945 2.63%
    Granbury, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,268 3.25%
    Shelbyville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $2,687 3.25%
    Key West, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $7,412 3.63%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $6,585 2.88%
    REDDING, CA (FHA|USDA|VA) 1 $185,000 $185,000 $9,466 2.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,372 3.25%
    BILLINGS, MT (FHA|USDA|VA) 1 $185,000 $185,000 $3,147 3.00%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $175,000 $175,000 $6,473 3.00%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,624 2.63%
    Oak Harbor, WA (FHA|USDA|VA) 1 $135,000 $135,000 $3,564 2.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.00%
    OCALA, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.00%
    Cookeville, TN (FHA|USDA|VA) 1 $85,000 $85,000 $2,624 2.50%
    Residential Wholesale Mortgage's top markets include San Diego, Riverside, Los Angeles, Las Vegas, and Seattle among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

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

    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    AAXY L.L.C.
    Similarity Rank: 540
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    First Vision Bank of Tennessee
    Similarity Rank: 657
    ALOHA PACIFIC
    Similarity Rank: 670
    US COMMUNITY
    Similarity Rank: 686
    MYPOINT Credit Union
    Similarity Rank: 924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,448 $997,770,000 $407,586 $5,008 3.01%
    VA 235 $113,335,000 $482,277 $9,390 2.66%
    FHA 134 $46,150,000 $344,403 $11,211 2.98%
    USDA 29 $5,495,000 $189,483 $5,674 2.89%
    FHA 5 $1,625,000 $325,000 $0 3.22%

    For 2021, Residential Wholesale Mortgage's most frequently originated type of loan was Conventional, with 2,448 originations. Their 2nd most popular type was VA, with 235 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,291 $509,215,000 $394,435 $4,590 2.90%
    Home Purchase 1,055 $460,455,000 $436,450 $7,281 3.00%
    Cash Out Refi 459 $172,465,000 $375,741 $5,363 3.13%
    Other 35 $18,335,000 $523,857 $5,764 3.02%
    Home Improvement 11 $3,905,000 $355,000 $4,676 3.04%

    For 2021, Residential Wholesale Mortgage's most frequently cited loan purpose was Refi, with 1,291 originations. The 2nd most popular reason was Home Purchase, with 1,055 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,561 $1,073,065,000 $419,002 $5,954 3.01%
    15 Year 168 $51,550,000 $306,845 $3,713 2.56%
    20 Year 77 $26,015,000 $337,857 $4,306 2.77%
    Other 32 $11,140,000 $348,125 $4,269 2.97%
    10 Year 12 $2,590,000 $215,833 $3,556 2.45%
    5 Year 1 $15,000 $15,000 $0 1.00%

    For 2021, Residential Wholesale Mortgage's most frequently cited loan duration was 30 Year, with 2,561 originations. The 2nd most popular length was 15 Year, with 168 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,563 $640,975,000 $410,093
    $5k+ 293 $161,865,000 $552,440
    $2k-3k 257 $97,955,000 $381,148
    $3k-4k 185 $80,325,000 $434,189
    $4k-5k 97 $40,445,000 $416,959
    $<1k 79 $18,735,000 $237,152

    Residential Wholesale Mortgage's average total fees were $5,954, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,563 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,395 $588,605,000 $421,939
    3-4% 1,059 $417,605,000 $394,339
    <2.5% 370 $149,570,000 $404,243
    4-5% 27 $8,595,000 $318,333

    During 2021, Residential Wholesale Mortgage's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,395 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,162 $350,300,000 $301,463 $4,992 3.00%
    $400k-600k 874 $425,620,000 $486,979 $6,127 2.96%
    $600k-1MM 404 $288,900,000 $715,099 $7,778 2.99%
    $100k-200k 330 $52,380,000 $158,727 $4,012 3.07%
    $100,000 or less 45 $2,525,000 $56,111 $2,288 2.18%
    $1MM+ 36 $44,650,000 $1,240,278 $10,749 2.81%

    2021 saw Residential Wholesale Mortgage place emphasis on $200k-400k loans with 1,162 originations, totaling $350,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 714 $311,810,000 $436,709 $5,873 3.00%
    $150k-250k 581 $295,235,000 $508,150 $5,967 2.99%
    $75k-100k 498 $170,370,000 $342,108 $5,871 2.99%
    $50k-75k 445 $126,045,000 $283,247 $5,447 2.97%
    $50k or less 296 $79,540,000 $268,716 $4,625 2.84%
    $250k+ 295 $171,505,000 $581,373 $6,720 3.03%

    Residential Wholesale Mortgage lent most frequently to those with incomes in the $100k-150k range, with 714 originations. The second most popular income band? $150k-250k, with 581 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 521 $215,345,000 $413,330 $5,430 3.00%
    20-30% 513 $209,645,000 $408,665 $4,959 2.96%
    <20% 185 $64,815,000 $350,351 $4,619 2.64%
    44% 149 $57,355,000 $384,933 $5,835 3.11%
    43% 119 $45,595,000 $383,151 $5,437 3.07%
    37% 116 $45,700,000 $393,966 $4,796 3.03%
    49% 116 $48,430,000 $417,500 $5,327 3.06%
    40% 114 $50,210,000 $440,439 $5,962 3.03%
    41% 105 $46,615,000 $443,952 $6,168 3.08%
    42% 99 $39,115,000 $395,101 $5,655 3.05%
    39% 98 $41,360,000 $422,041 $6,280 3.05%
    38% 98 $43,070,000 $439,490 $6,602 3.01%
    45% 97 $38,155,000 $393,351 $6,129 3.08%
    36% 91 $40,125,000 $440,934 $5,872 2.99%
    46% 86 $32,150,000 $373,837 $5,464 3.07%
    50-60% 85 $38,615,000 $454,294 $12,186 2.92%
    48% 79 $29,815,000 $377,405 $6,624 3.02%
    47% 78 $31,800,000 $407,692 $6,820 3.02%
    >60% 10 $5,270,000 $527,000 $8,271 2.84%

    Residential Wholesale Mortgage lent most frequently to those with DTI ratios of 30-36%, with 521 originations. The next most common DTI ratio? 20-30%, with 513 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,017 $810,075,000 $401,624 $5,683 2.97%
    Not provided 481 $194,535,000 $404,439 $5,739 2.98%
    Asian 259 $123,745,000 $477,780 $5,895 2.98%
    Black 72 $27,670,000 $384,306 $6,646 3.01%
    American Indian 15 $5,635,000 $375,667 $6,900 3.05%
    Native Hawaiian or Islander 5 $1,935,000 $387,000 $8,449 3.05%
    Chinese 1 $625,000 $625,000 $4,461 2.63%
    Not applicable 1 $155,000 $155,000 $4,268 2.75%

    Approval Rates

    Total approvals of all applications
    95.89%

    Residential Wholesale Mortgage 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
    72.82%

    Residential Wholesale Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $215,000 $215,000
    NA 2,850 $1,164,160,000 $408,477

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,851 $1,164,375,000 $408,409

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 300 $97,550,000 $325,167 $4,111 2.91%
    40-60% 694 $276,410,000 $398,285 $4,355 2.91%
    60-80% 1,002 $444,150,000 $443,263 $5,769 3.09%
    80-100% 746 $312,590,000 $419,021 $6,852 2.99%
    Over 100% 45 $20,575,000 $457,222 $16,767 2.79%
    Under 20% 62 $12,120,000 $195,484 $3,092 2.19%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Residential Home Mortgage Corporation Conventional home mortgage Trouble during payment process 1 100.0%