Residential Wholesale Mortgage Rates, Fees & Info
SAN DIEGO, CALEI: 549300MUXFVZKH4XLG17
Tax ID: 33-0594693
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Mortgage Data
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. Their top markets by origination volume include: San Diego, Los Angeles, Riverside, Dallas, and Seattle among others. We have data for 78 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.25% | 4/22/24 |
| 30 Year Conventional Refi | 6.53% | 4/22/24 |
| 30 Year Cash-out Refi | 6.77% | 4/22/24 |
| 30 Year FHA Purchase | 7.21% | 4/22/24 |
| 30 Year FHA Refi | 7.19% | 4/22/24 |
| 30 Year VA Purchase | 6.09% | 4/22/24 |
| 30 Year VA Refi | 6.15% | 4/22/24 |
| 30 Year USDA Purchase | 6.42% | 4/22/24 |
| 15 Year Conventional Purchase | 5.88% | 4/22/24 |
| 15 Year Conventional Refi | 6.29% | 4/22/24 |
| 15 Year Cash-out Refi | 6.29% | 4/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,475Origination Dollar Volume (All Markets)
$1,373,615,000Awards
RESIDENTIAL WHOLESALE MORTGAGE - 2020
RESIDENTIAL WHOLESALE MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,993 | $877,335,000 | $440,208 | $4,796 | 3.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 284 | $129,600,000 | $456,338 | $4,554 | 3.04% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 310 | $101,470,000 | $327,323 | $6,261 | 2.96% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 162 | $40,420,000 | $249,506 | $5,297 | 3.20% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 55 | $24,255,000 | $441,000 | $4,160 | 2.92% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 86 | $23,820,000 | $276,977 | $5,447 | 3.09% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 82 | $21,600,000 | $263,415 | $4,977 | 3.07% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 33 | $15,345,000 | $465,000 | $4,474 | 2.88% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 23 | $12,015,000 | $522,391 | $5,590 | 2.94% |
| FRESNO, CA (FHA|USDA|VA) | 45 | $11,915,000 | $264,778 | $5,754 | 3.28% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 47 | $11,765,000 | $250,319 | $4,079 | 2.95% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 33 | $11,745,000 | $355,909 | $8,117 | 2.70% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 30 | $10,870,000 | $362,333 | $3,686 | 3.20% |
| YUMA, AZ (FHA|USDA|VA) | 56 | $9,660,000 | $172,500 | $4,051 | 2.84% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 16 | $8,640,000 | $540,000 | $5,233 | 2.84% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 15 | $5,975,000 | $398,333 | $4,435 | 2.93% |
| BEND, OR (FHA|USDA|VA) | 13 | $4,175,000 | $321,154 | $3,791 | 2.95% |
| STOCKTON, CA (FHA|USDA|VA) | 12 | $3,900,000 | $325,000 | $4,639 | 3.06% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 7 | $2,705,000 | $386,429 | $5,484 | 2.93% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $2,545,000 | $363,571 | $3,871 | 3.00% |
| TUCSON, AZ (FHA|USDA|VA) | 9 | $2,425,000 | $269,444 | $5,031 | 2.83% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 9 | $2,375,000 | $263,889 | $6,229 | 2.89% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $2,290,000 | $286,250 | $7,330 | 3.27% |
| EL CENTRO, CA (FHA|USDA|VA) | 13 | $2,165,000 | $166,538 | $7,439 | 2.61% |
| Outside of Metro Areas | 7 | $2,095,000 | $299,286 | $4,208 | 2.89% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $6,508 | 3.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $3,484 | 3.05% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 7 | $1,535,000 | $219,286 | $3,604 | 3.07% |
| Kalispell, MT (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $3,317 | 2.58% |
| RENO, NV (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $3,549 | 2.44% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $2,790 | 3.17% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $3,903 | 2.84% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $5,974 | 3.19% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $4,199 | 3.06% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,968 | 2.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $5,620 | 3.29% |
| MADERA, CA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $7,978 | 3.17% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $4,930 | 3.19% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $4,907 | 3.40% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $3,327 | 2.63% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $3,139 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $8,701 | 3.42% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $5,577 | 2.83% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $5,435 | 2.46% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,900 | 3.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,803 | 2.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $6,223 | 3.31% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 3.22% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,197 | 2.75% |
| Centralia, WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,383 | 2.88% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $6,010 | 2.75% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,353 | 2.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,200 | 3.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,443 | 2.63% |
| MERCED, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,911 | 3.31% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,092 | 3.25% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,853 | 2.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $7,909 | 3.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,982 | 2.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,904 | 3.63% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,937 | 2.81% |
| SALEM, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,089 | 3.63% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 3.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,312 | 3.25% |
| Payson, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,684 | 2.99% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,059 | 2.88% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,124 | 3.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,655 | 3.25% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,406 | 2.88% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,410 | 2.75% |
| Crossville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,301 | 4.13% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.25% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,726 | 2.88% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,759 | 2.88% |
| CHICO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,523 | 2.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.63% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,242 | 3.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.00% |
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.
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Product Mix
For 2020, Residential Wholesale Mortgage's most frequently originated type of loan was Conventional, with 2,978 originations. Their 2nd most popular type was VA, with 312 originations.
Loan Reason
For 2020, Residential Wholesale Mortgage's most frequently cited loan purpose was Refi, with 2,207 originations. The 2nd most popular reason was Home Purchase, with 869 originations.
Loan Duration/Length
For 2020, Residential Wholesale Mortgage's most frequently cited loan duration was 30 Year, with 3,071 originations. The 2nd most popular length was 15 Year, with 235 originations.
Origination Fees/Closing Costs
Residential Wholesale Mortgage's average total fees were $5,142, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,260 originations.
Interest Rates
During 2020, Residential Wholesale Mortgage's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,686 originations.
Loan Sizing
2020 saw Residential Wholesale Mortgage place emphasis on $200k-400k loans with 1,528 originations, totaling $468,030,000 in origination value.
Applicant Income
Residential Wholesale Mortgage lent most frequently to those with incomes in the $100k-150k range, with 885 originations. The second most popular income band? $150k-250k, with 769 originations.
Applicant Debt to Income Ratio
Residential Wholesale Mortgage lent most frequently to those with DTI ratios of 20-30%, with 792 originations. The next most common DTI ratio? 30-36%, with 595 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.83%
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 origination79.08%
Residential Wholesale Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 903.23 | 1 | $15,000 | $15,000 |
| NA | 3,474 | $1,373,600,000 | $395,394 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 20 | $5,930,000 | $296,500 |
| Single Family (1-4 Units):Site-Built | 3,455 | $1,367,685,000 | $395,857 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Residential Mortgage Solutions, Inc. | Conventional home mortgage | Incorrect information on your report | 1 | 100.0% |