Residential Wholesale Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 549300MUXFVZKH4XLG17

Tax ID: 33-0594693

4 stars - Updated: 4/14/24 - out of 5 stars, based on 26 reviews

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

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Mortgage Data

Review & Overview

Residential Wholesale Mortgage is a smaller mortgage company specializing in Home Purchase loans. Residential Wholesale Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. 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, Visalia, Colorado Springs, and Fresno among others. We have data for 76 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 a high 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 relatively high 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 6.25% 4/14/24
30 Year Conventional Refi 6.53% 4/14/24
30 Year Cash-out Refi 6.77% 4/14/24
30 Year FHA Purchase 7.21% 4/14/24
30 Year FHA Refi 7.19% 4/14/24
30 Year VA Purchase 6.09% 4/14/24
30 Year VA Refi 6.15% 4/14/24
30 Year USDA Purchase 6.42% 4/14/24
15 Year Conventional Purchase 5.88% 4/14/24
15 Year Conventional Refi 6.29% 4/14/24
15 Year Cash-out Refi 6.29% 4/14/24
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 Wholesale Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Residential Wholesale 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

671

Origination Dollar Volume (All Markets)

$274,765,000

Awards

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

Relative Rate

Residential Wholesale Mortgage's average 30 year fixed mortgage rate was 6.43%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.05%.

Relative Fees (Closing Costs)

Residential Wholesale Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $10,204.

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 $9,089.

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) 160 $95,410,000 $596,313 $10,643 6.51%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 77 $31,285,000 $406,299 $12,827 6.12%
VISALIA, CA (FHA|USDA|VA) 87 $20,655,000 $237,414 $11,830 5.91%
COLORADO SPRINGS, CO (FHA|USDA|VA) 42 $17,920,000 $426,667 $12,462 6.12%
FRESNO, CA (FHA|USDA|VA) 52 $14,130,000 $271,731 $9,898 6.78%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 20 $12,210,000 $610,500 $13,675 6.36%
BELLINGHAM, WA (FHA|USDA|VA) 26 $10,010,000 $385,000 $5,462 6.74%
YUMA, AZ (FHA|USDA|VA) 28 $6,220,000 $222,143 $7,891 6.69%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 16 $5,990,000 $374,375 $9,967 6.31%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 18 $5,980,000 $332,222 $7,857 6.51%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 15 $5,385,000 $359,000 $7,759 6.77%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $5,265,000 $478,636 $7,428 7.19%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 13 $4,275,000 $328,846 $6,495 6.65%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $2,075,000 $415,000 $4,926 6.75%
BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,865,000 $266,429 $11,301 6.87%
WACO, TX (FHA|USDA|VA) 5 $1,825,000 $365,000 $9,335 6.65%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 4 $1,770,000 $442,500 $4,731 7.12%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,620,000 $405,000 $7,639 6.69%
MADERA, CA (FHA|USDA|VA) 5 $1,585,000 $317,000 $14,302 6.55%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,335,000 $445,000 $17,316 6.63%
Oak Harbor, WA (FHA|USDA|VA) 3 $1,135,000 $378,333 $8,462 6.37%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 3 $1,055,000 $351,667 $10,662 6.29%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,030,000 $515,000 $11,824 7.50%
Outside of Metro Areas 2 $970,000 $485,000 $8,558 7.25%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $920,000 $460,000 $6,123 6.56%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $920,000 $460,000 $8,820 6.06%
Outside of Metro Areas 2 $910,000 $455,000 $7,713 7.13%
MODESTO, CA (FHA|USDA|VA) 2 $870,000 $435,000 $8,711 7.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $835,000 $835,000 $22,910 6.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $810,000 $405,000 $6,230 5.75%
Port Angeles, WA (FHA|USDA|VA) 1 $785,000 $785,000 $17,092 6.00%
COLUMBUS, OH (FHA|USDA|VA) 2 $780,000 $390,000 $4,995 7.29%
PUEBLO, CO (FHA|USDA|VA) 2 $770,000 $385,000 $10,431 5.94%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $755,000 $755,000 $12,546 6.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $725,000 $725,000 $8,006 6.13%
Glenwood Springs, CO (FHA|USDA|VA) 1 $715,000 $715,000 $3,977 6.88%
REDDING, CA (FHA|USDA|VA) 1 $625,000 $625,000 $17,384 5.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $595,000 $595,000 $0 7.13%
GREELEY, CO (FHA|USDA|VA) 1 $595,000 $595,000 $2,998 5.99%
McMinnville, TN (FHA|USDA|VA) 2 $590,000 $295,000 $7,639 6.62%
Key West, FL (FHA|USDA|VA) 1 $585,000 $585,000 $0 6.99%
WENATCHEE, WA (FHA|USDA|VA) 1 $575,000 $575,000 $6,366 7.38%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $565,000 $188,333 $0 4.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $555,000 $555,000 $13,711 5.63%
Shelby, NC (FHA|USDA|VA) 2 $550,000 $275,000 $5,560 6.87%
Bozeman, MT (FHA|USDA|VA) 1 $535,000 $535,000 $4,005 6.38%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $6,483 6.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $465,000 $465,000 $4,818 6.62%
BEND, OR (FHA|USDA|VA) 1 $465,000 $465,000 $5,051 5.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $465,000 $465,000 $4,526 7.25%
VALLEJO, CA (FHA|USDA|VA) 1 $445,000 $445,000 $15,259 7.50%
CHICO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $12,043 6.63%
Crescent City, CA (FHA|USDA|VA) 1 $385,000 $385,000 $8,696 6.88%
TUCSON, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $4,664 6.63%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $365,000 $365,000 $8,027 7.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $14,285 5.38%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $305,000 $305,000 $7,017 6.38%
Pahrump, NV (FHA|USDA|VA) 1 $295,000 $295,000 $5,892 7.13%
Ukiah, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,365 6.63%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $295,000 $295,000 $11,331 5.50%
EL CENTRO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $7,209 7.99%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $275,000 $275,000 $4,285 6.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $11,836 6.38%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $225,000 $225,000 $11,291 6.99%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,497 6.62%
RENO, NV (FHA|USDA|VA) 1 $205,000 $205,000 $3,683 6.75%
Shelton, WA (FHA|USDA|VA) 1 $185,000 $185,000 $6,073 6.62%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.48%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $6,066 4.75%
FORT COLLINS, CO (FHA|USDA|VA) 1 $155,000 $155,000 $3,758 6.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.13%
OCALA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.75%
Cañon City, CO (FHA|USDA|VA) 1 $105,000 $105,000 $6,303 6.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $65,000 $65,000 $4,438 6.63%
Residential Wholesale Mortgage's top markets include San Diego, Riverside, Visalia, Colorado Springs, and Fresno among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    VENTURA COUNTY
    Similarity Rank: 96
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    First Farmers and Merchants Bank
    Similarity Rank: 130
    Noble Federal Credit Union
    Similarity Rank: 176
    KD CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 242
    LBS FINANCIAL
    Similarity Rank: 258

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 471 $192,395,000 $408,482 $8,101 6.38%
    FHA 109 $40,985,000 $376,009 $15,312 6.65%
    VA 72 $37,830,000 $525,417 $13,984 6.34%
    USDA 11 $2,595,000 $235,909 $8,466 6.19%
    FHA 8 $960,000 $120,000 $0 6.86%

    For 2023, Residential Wholesale Mortgage's most frequently originated type of loan was Conventional, with 471 originations. Their 2nd most popular type was FHA, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 615 $259,555,000 $422,041 $10,428 6.39%
    Refi 37 $9,865,000 $266,622 $6,139 6.80%
    Cash Out Refi 10 $3,260,000 $326,000 $7,309 6.64%
    Home Improvement 5 $575,000 $115,000 $0 6.96%
    Other 4 $1,510,000 $377,500 $6,131 7.00%

    For 2023, Residential Wholesale Mortgage's most frequently cited loan purpose was Home Purchase, with 615 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 648 $271,580,000 $419,105 $10,204 6.43%
    15 Year 13 $2,045,000 $157,308 $5,439 6.40%
    Other 8 $960,000 $120,000 $0 6.86%
    20 Year 1 $145,000 $145,000 $8,196 5.88%
    5 Year 1 $35,000 $35,000 $0 0.00%

    For 2023, Residential Wholesale Mortgage's most frequently cited loan duration was 30 Year, with 648 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 236 $108,440,000 $459,492
    $1k-2k 184 $88,560,000 $481,304
    $3k-4k 56 $21,010,000 $375,179
    $4k-5k 49 $19,585,000 $399,694
    $2k-3k 42 $14,820,000 $352,857
    $<1k 41 $2,325,000 $56,707

    Residential Wholesale Mortgage's average total fees were $10,204, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 236 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 328 $138,590,000 $422,530
    7-8% 182 $75,710,000 $415,989
    5-6% 112 $50,900,000 $454,464
    <2.5% 30 $1,200,000 $40,000
    Over 8% 14 $6,330,000 $452,143
    4-5% 5 $2,035,000 $407,000

    During 2023, Residential Wholesale Mortgage's average interest rate for loans was 6.43%, while their most frequently originated rate bucket for loans was 6-7%, with 328 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 264 $79,250,000 $300,189 $8,910 6.75%
    $400k-600k 184 $89,510,000 $486,467 $11,510 6.61%
    $600k-1MM 101 $76,805,000 $760,446 $11,865 6.68%
    $100k-200k 69 $10,965,000 $158,913 $6,041 6.27%
    $100,000 or less 40 $1,020,000 $25,500 $3,117 2.92%
    $1MM+ 13 $17,215,000 $1,324,231 $17,557 6.67%

    2023 saw Residential Wholesale Mortgage place emphasis on $200k-400k loans with 264 originations, totaling $79,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 161 $64,905,000 $403,137 $10,244 6.47%
    $150k-250k 150 $76,510,000 $510,067 $11,393 6.65%
    $75k-100k 137 $40,005,000 $292,007 $10,322 6.05%
    $50k-75k 100 $23,370,000 $233,700 $8,648 6.14%
    $250k+ 91 $65,025,000 $714,560 $10,445 6.85%
    $50k or less 31 $4,775,000 $154,032 $5,950 6.43%

    Residential Wholesale Mortgage lent most frequently to those with incomes in the $100k-150k range, with 161 originations. The second most popular income band? $150k-250k, with 150 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 83 $35,005,000 $421,747 $8,668 6.72%
    50-60% 67 $28,205,000 $420,970 $14,238 6.53%
    20-30% 63 $26,315,000 $417,698 $8,169 6.44%
    <20% 56 $10,580,000 $188,929 $6,519 4.03%
    49% 50 $23,410,000 $468,200 $12,004 6.65%
    48% 40 $14,750,000 $368,750 $10,071 6.76%
    45% 37 $15,195,000 $410,676 $9,799 6.70%
    44% 35 $13,775,000 $393,571 $8,961 6.60%
    42% 33 $17,225,000 $521,970 $10,240 6.62%
    43% 32 $15,250,000 $476,563 $10,097 6.87%
    47% 30 $13,210,000 $440,333 $10,370 6.58%
    46% 27 $11,345,000 $420,185 $12,386 6.77%
    40% 20 $9,650,000 $482,500 $12,336 6.48%
    36% 19 $7,985,000 $420,263 $7,448 6.59%
    39% 19 $7,515,000 $395,526 $7,708 6.37%
    41% 17 $8,355,000 $491,471 $8,042 6.65%
    37% 16 $9,090,000 $568,125 $10,943 6.90%
    38% 16 $5,530,000 $345,625 $7,654 7.02%
    >60% 3 $1,445,000 $481,667 $9,600 6.75%

    Residential Wholesale Mortgage lent most frequently to those with DTI ratios of 30-36%, with 83 originations. The next most common DTI ratio? 50-60%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 441 $186,255,000 $422,347 $10,128 6.44%
    Not provided 148 $53,800,000 $363,514 $10,277 6.39%
    Asian 58 $25,180,000 $434,138 $8,794 6.38%
    Black 14 $5,260,000 $375,714 $14,255 6.22%
    American Indian 8 $3,350,000 $418,750 $13,399 6.65%
    Native Hawaiian or Islander 2 $920,000 $460,000 $6,112 6.31%

    Approval Rates

    Total approvals of all applications
    97.04%

    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
    66.02%

    Residential Wholesale Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 671 $274,765,000 $409,486

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    671 $274,765,000 $409,486

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $12,625,000 $268,617 $6,062 6.15%
    40-60% 63 $24,985,000 $396,587 $7,803 6.55%
    60-80% 155 $77,475,000 $499,839 $9,256 6.84%
    80-100% 344 $149,160,000 $433,605 $11,122 6.68%
    Over 100% 15 $6,825,000 $455,000 $18,367 6.26%
    Under 20% 47 $3,695,000 $78,617 $5,681 3.30%