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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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. Their top markets include San Diego, Riverside, Los Angeles, Las Vegas, and Seattle among others. Residential Wholesale Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Residential Wholesale Mortgage is typically an average fee lendor.


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 rate mortgage of loans were 3.01%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.14%.

Relative Fees

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

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

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 139 $47,775,000 $343,705 $11,211 2.99%
USDA 29 $5,495,000 $189,483 $5,674 2.89%

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

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Residential Wholesale Mortgage 's most frequently cited loan purpose of loans were Refi, with 1,291 originations. The 2nd most popular reason of loans were 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 the 2021, Residential Wholesale Mortgage 's most frequently cited loan length of loans were 30 Year, with 2,561 originations. The 2nd most popular length of loans were 15 Year, with 168 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,563 $640,975,000 $410,093
$5k+ 293 $161,865,000 $552,440
$3k-4k 282 $120,770,000 $428,262
$2k-3k 257 $97,955,000 $381,148
$<1k 79 $18,735,000 $237,152

$5,954 of loans were Residential Wholesale Mortgage 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.01%, while their most frequently originated rate bucket of loans were 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 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
96.91%

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
74.52%

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%