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 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 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, Riverside, Las Vegas, Los Angeles, and Visalia among others. We have data for 86 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 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% | 4/28/24 |
| 30 Year Conventional Refi | 6.53% | 4/28/24 |
| 30 Year Cash-out Refi | 6.77% | 4/28/24 |
| 30 Year FHA Purchase | 7.21% | 4/28/24 |
| 30 Year FHA Refi | 7.19% | 4/28/24 |
| 30 Year VA Purchase | 6.09% | 4/28/24 |
| 30 Year VA Refi | 6.15% | 4/28/24 |
| 30 Year USDA Purchase | 6.42% | 4/28/24 |
| 15 Year Conventional Purchase | 5.88% | 4/28/24 |
| 15 Year Conventional Refi | 6.29% | 4/28/24 |
| 15 Year Cash-out Refi | 6.29% | 4/28/24 |
| 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
992Origination Dollar Volume (All Markets)
$439,460,000Awards
RESIDENTIAL WHOLESALE MORTGAGE - 2022
RESIDENTIAL WHOLESALE MORTGAGE is a 2022 , due to their low .
For 2022, 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) | 312 | $184,170,000 | $590,288 | $10,833 | 4.51% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 129 | $54,795,000 | $424,767 | $12,007 | 4.81% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 99 | $37,065,000 | $374,394 | $9,126 | 4.58% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 45 | $30,685,000 | $681,889 | $9,171 | 4.54% |
| VISALIA, CA (FHA|USDA|VA) | 78 | $18,610,000 | $238,590 | $8,569 | 4.66% |
| FRESNO, CA (FHA|USDA|VA) | 59 | $18,125,000 | $307,203 | $9,098 | 5.04% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 23 | $7,785,000 | $338,478 | $6,388 | 4.95% |
| YUMA, AZ (FHA|USDA|VA) | 32 | $7,150,000 | $223,438 | $7,275 | 5.08% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 20 | $7,030,000 | $351,500 | $10,650 | 4.83% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $6,045,000 | $549,545 | $6,505 | 4.70% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $4,470,000 | $745,000 | $7,710 | 4.15% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 10 | $4,160,000 | $416,000 | $7,208 | 5.05% |
| BELLINGHAM, WA (FHA|USDA|VA) | 9 | $3,895,000 | $432,778 | $8,658 | 6.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 12 | $3,870,000 | $322,500 | $7,478 | 4.93% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 5 | $2,365,000 | $473,000 | $7,686 | 5.27% |
| Pahrump, NV (FHA|USDA|VA) | 7 | $2,315,000 | $330,714 | $8,295 | 5.02% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $2,075,000 | $415,000 | $6,790 | 4.28% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $6,242 | 3.83% |
| MADERA, CA (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $10,616 | 5.20% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $1,720,000 | $430,000 | $7,147 | 3.91% |
| Kalispell, MT (FHA|USDA|VA) | 4 | $1,640,000 | $410,000 | $7,697 | 4.78% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $10,093 | 5.10% |
| Oak Harbor, WA (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $7,424 | 5.37% |
| Outside of Metro Areas | 6 | $1,530,000 | $255,000 | $7,291 | 5.48% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $5,007 | 4.83% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $3,832 | 5.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $8,551 | 4.78% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $3,507 | 3.94% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $7,934 | 6.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $14,589 | 4.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $4,359 | 3.55% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $13,873 | 5.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $5,307 | 5.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $4,130 | 3.38% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $4,914 | 5.18% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $9,111 | 4.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 7 | $825,000 | $117,857 | $5,995 | 3.12% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 5.94% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,182 | 5.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $6,026 | 2.94% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $13,264 | 5.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,073 | 5.38% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $11,783 | 3.69% |
| RENO, NV (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,322 | 4.75% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 5.49% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $6,780 | 5.63% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,278 | 5.44% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,433 | 4.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $5,178 | 4.99% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $14,881 | 4.13% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $5,043 | 3.13% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $9,670 | 7.63% |
| Centralia, WA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,997 | 6.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,551 | 4.06% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $8,967 | 3.50% |
| WACO, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,325 | 5.81% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $25,129 | 5.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,651 | 3.99% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $15,492 | 4.99% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,114 | 6.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,745 | 7.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,039 | 6.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $10,844 | 4.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,580 | 2.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $12,586 | 5.88% |
| Granbury, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,528 | 5.99% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,541 | 5.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,174 | 3.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,527 | 3.75% |
| Fernley, NV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,847 | 3.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,200 | 5.06% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,146 | 5.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,764 | 4.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,985 | 3.88% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.88% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,060 | 4.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,287 | 3.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.13% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,776 | 4.88% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,491 | 5.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,565 | 3.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,984 | 6.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,591 | 3.63% |
| Ozark, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,687 | 6.00% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,909 | 4.63% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,357 | 6.99% |
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 2022, Residential Wholesale Mortgage's most frequently originated type of loan was Conventional, with 741 originations. Their 2nd most popular type was FHA, with 132 originations.
Loan Reason
For 2022, Residential Wholesale Mortgage's most frequently cited loan purpose was Home Purchase, with 725 originations. The 2nd most popular reason was Refi, with 131 originations.
Loan Duration/Length
For 2022, Residential Wholesale Mortgage's most frequently cited loan duration was 30 Year, with 943 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
Residential Wholesale Mortgage's average total fees were $9,728, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 318 originations.
Interest Rates
During 2022, Residential Wholesale Mortgage's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 5-6%, with 305 originations.
Loan Sizing
2022 saw Residential Wholesale Mortgage place emphasis on $200k-400k loans with 365 originations, totaling $109,975,000 in origination value.
Applicant Income
Residential Wholesale Mortgage lent most frequently to those with incomes in the $100k-150k range, with 250 originations. The second most popular income band? $150k-250k, with 226 originations.
Applicant Debt to Income Ratio
Residential Wholesale Mortgage lent most frequently to those with DTI ratios of 30-36%, with 161 originations. The next most common DTI ratio? 20-30%, with 107 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.58%
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 origination59.88%
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 | 992 | $439,460,000 | $443,004 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Rocket Mortgage, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 30.8% |
| Rocket Mortgage, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 7.7% |
| Rocket Mortgage, LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.7% |
| Rocket Mortgage, LLC | Conventional home mortgage | Trouble during payment process | 3 | 23.1% |
| Rocket Mortgage, LLC | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 15.4% |
| Rocket Mortgage, LLC | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 7.7% |
| Rocket Mortgage, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.7% |