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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.25% | 12/16/24 |
| 30 Year Conventional Refi | 6.53% | 12/16/24 |
| 30 Year Cash-out Refi | 6.77% | 12/16/24 |
| 30 Year FHA Purchase | 7.21% | 12/16/24 |
| 30 Year FHA Refi | 7.19% | 12/16/24 |
| 30 Year VA Purchase | 6.09% | 12/16/24 |
| 30 Year VA Refi | 6.15% | 12/16/24 |
| 30 Year USDA Purchase | 6.42% | 12/16/24 |
| 15 Year Conventional Purchase | 5.88% | 12/16/24 |
| 15 Year Conventional Refi | 6.29% | 12/16/24 |
| 15 Year Cash-out Refi | 6.29% | 12/16/24 |
| 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
2,851Origination Dollar Volume (All Markets)
$1,164,375,000Awards
RESIDENTIAL WHOLESALE MORTGAGE - 2021
RESIDENTIAL WHOLESALE MORTGAGE is a 2021 , due to their low .
For 2021, 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) | 1,262 | $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% |
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 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
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
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
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
2021 saw Residential Wholesale Mortgage place emphasis on $200k-400k loans with 1,162 originations, totaling $350,300,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.89%
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 origination72.82%
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
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% |