Guidance Residential Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300RD5IG88VPO6P22
Tax ID: 52-2323186
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Mortgage Data
Review & Overview
Guidance Residential is a smaller mortgage company specializing in Home Purchase loans. Guidance Residential has a high proportion of conventional loans. Their top markets by origination volume include: New York, Chicago, Dallas, Seattle, and Washington among others. We have data for 164 markets. (Some data included below & more in-depth data is available with an active subscription.)Guidance Residential 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. Guidance Residential 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.33% | 4/5/25 |
| 30 Year Conventional Refi | 7.06% | 4/5/25 |
| 30 Year Cash-out Refi | 7.46% | 4/5/25 |
| 15 Year Conventional Purchase | 6.68% | 4/5/25 |
| 15 Year Conventional Refi | 6.56% | 4/5/25 |
| 15 Year Cash-out Refi | 6.56% | 4/5/25 |
| 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. | ||
Guidance Residential Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Guidance Residential. 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
1,964Origination Dollar Volume (All Markets)
$758,210,000Awards
GUIDANCE RESIDENTIAL - 2024
GUIDANCE RESIDENTIAL is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Guidance Residential's average 30 year fixed mortgage rate was
7.13%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.58%.
Relative Fees (Closing Costs)
Guidance Residential's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,433.
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 $8,356.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 174 | $85,910,000 | $493,736 | $10,193 | 7.01% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 233 | $76,305,000 | $327,489 | $7,154 | 7.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 133 | $52,935,000 | $398,008 | $7,465 | 7.16% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 66 | $39,420,000 | $597,273 | $9,398 | 7.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 69 | $32,365,000 | $469,058 | $7,533 | 6.96% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 87 | $29,735,000 | $341,782 | $7,588 | 7.05% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 82 | $22,190,000 | $270,610 | $5,250 | 7.05% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 26 | $19,790,000 | $761,154 | $10,032 | 6.90% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 25 | $17,055,000 | $682,200 | $12,051 | 7.04% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 35 | $16,965,000 | $484,714 | $7,693 | 7.09% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 47 | $16,815,000 | $357,766 | $6,220 | 7.09% |
| Outside of Metro Areas | 53 | $16,005,000 | $301,981 | $7,551 | 7.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 37 | $14,895,000 | $402,568 | $7,873 | 7.18% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 18 | $14,800,000 | $822,222 | $6,399 | 6.76% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 39 | $14,635,000 | $375,256 | $6,264 | 7.20% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 49 | $14,345,000 | $292,755 | $7,516 | 6.91% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 27 | $12,295,000 | $455,370 | $7,042 | 7.10% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 34 | $12,000,000 | $352,941 | $6,933 | 7.18% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 22 | $10,500,000 | $477,273 | $8,336 | 6.93% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 27 | $9,085,000 | $336,481 | $3,994 | 7.16% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 24 | $8,500,000 | $354,167 | $6,127 | 7.07% |
| COLUMBUS, OH (FHA|USDA|VA) | 28 | $8,410,000 | $300,357 | $5,135 | 7.19% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 24 | $7,860,000 | $327,500 | $6,805 | 7.17% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 35 | $7,325,000 | $209,286 | $6,716 | 6.83% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 17 | $6,865,000 | $403,824 | $9,140 | 6.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $6,845,000 | $622,273 | $9,258 | 7.10% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 17 | $6,785,000 | $399,118 | $8,028 | 7.01% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 16 | $6,450,000 | $403,125 | $6,919 | 7.05% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 18 | $6,250,000 | $347,222 | $6,407 | 6.90% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 17 | $6,205,000 | $365,000 | $7,905 | 6.89% |
| STOCKTON, CA (FHA|USDA|VA) | 11 | $5,905,000 | $536,818 | $6,566 | 7.23% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 18 | $5,840,000 | $324,444 | $4,517 | 7.19% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 15 | $5,625,000 | $375,000 | $6,725 | 7.18% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 16 | $5,490,000 | $343,125 | $6,375 | 7.17% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $5,195,000 | $399,615 | $7,254 | 7.19% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 17 | $5,105,000 | $300,294 | $5,411 | 7.08% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 13 | $4,925,000 | $378,846 | $5,033 | 6.91% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 14 | $4,740,000 | $338,571 | $6,265 | 7.17% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 14 | $4,560,000 | $325,714 | $7,974 | 7.05% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 12 | $4,250,000 | $354,167 | $7,221 | 7.56% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $3,860,000 | $643,333 | $9,128 | 7.31% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 10 | $3,320,000 | $332,000 | $7,814 | 7.30% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $3,090,000 | $515,000 | $12,527 | 7.21% |
| PITTSBURGH, PA (FHA|USDA|VA) | 10 | $3,000,000 | $300,000 | $7,781 | 7.01% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 9 | $2,805,000 | $311,667 | $6,498 | 7.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $2,700,000 | $337,500 | $7,534 | 6.95% |
| LOUISVILLE, KY (FHA|USDA|VA) | 10 | $2,680,000 | $268,000 | $5,722 | 6.96% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 7 | $2,375,000 | $339,286 | $5,430 | 6.93% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $2,320,000 | $580,000 | $5,436 | 6.81% |
| ROCHESTER, NY (FHA|USDA|VA) | 7 | $2,235,000 | $319,286 | $8,485 | 6.89% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $2,140,000 | $535,000 | $8,563 | 7.38% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $2,135,000 | $305,000 | $5,814 | 6.91% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $2,030,000 | $507,500 | $6,969 | 7.09% |
| PEORIA, IL (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $4,388 | 6.98% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $1,940,000 | $485,000 | $6,926 | 6.78% |
| BINGHAMTON, NY (FHA|USDA|VA) | 9 | $1,915,000 | $212,778 | $6,625 | 7.44% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 4 | $1,760,000 | $440,000 | $5,364 | 6.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $6,984 | 7.00% |
| TOLEDO, OH (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $6,126 | 6.64% |
| ANN ARBOR, MI (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $4,993 | 6.85% |
| ROCHESTER, MN (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $5,830 | 6.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $5,606 | 6.45% |
| SALEM, OR (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $14,921 | 6.97% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $4,429 | 7.03% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $5,418 | 7.22% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $7,009 | 7.22% |
| MADISON, WI (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $7,583 | 7.29% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $7,309 | 7.13% |
| AKRON, OH (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $6,520 | 6.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $5,126 | 6.83% |
| JACKSON, MS (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $5,112 | 7.29% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $8,669 | 7.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $5,416 | 7.23% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $7,864 | 7.06% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $6,629 | 7.10% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $5,144 | 7.19% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $5,121 | 6.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $5,178 | 7.04% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $8,088 | 6.13% |
| ST. CLOUD, MN (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $7,701 | 6.84% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $14,213 | 7.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $11,836 | 8.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,795 | 6.75% |
| FLINT, MI (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $3,577 | 7.46% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $5,660 | 7.30% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $9,441 | 7.38% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $3,231 | 7.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $8,121 | 7.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $5,188 | 7.21% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $13,007 | 6.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,564 | 7.03% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $7,176 | 6.38% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $19,699 | 7.13% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,464 | 6.88% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,407 | 7.13% |
| FORT WAYNE, IN (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $3,538 | 7.16% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $7,822 | 7.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,744 | 6.81% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $7,633 | 7.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,326 | 6.56% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $2,639 | 6.38% |
| WACO, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $10,205 | 7.13% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $9,295 | 7.21% |
| Oxford, MS (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,579 | 7.13% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,242 | 7.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $7,252 | 7.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $6,434 | 7.50% |
| Tifton, GA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,730 | 7.13% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $20,961 | 6.63% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $10,586 | 6.50% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $8,938 | 7.50% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,020 | 7.38% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,980 | 7.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,279 | 6.38% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,250 | 6.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $8,673 | 7.00% |
| UTICA-ROME, NY (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $6,119 | 7.21% |
| Coldwater, MI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,242 | 6.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,034 | 7.38% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $9,366 | 7.38% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,426 | 7.13% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,884 | 7.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,771 | 7.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,879 | 6.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,328 | 6.13% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,371 | 7.13% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,121 | 6.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,471 | 7.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,432 | 7.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,974 | 7.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,799 | 7.13% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,216 | 7.13% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,126 | 7.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,988 | 7.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,442 | 7.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,979 | 6.13% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,233 | 7.13% |
| Hudson, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,636 | 7.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,122 | 8.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,085 | 8.13% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,225 | 7.13% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,362 | 6.88% |
| Marquette, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,537 | 6.63% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,902 | 7.50% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,352 | 7.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,142 | 6.88% |
| Willmar, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,289 | 6.63% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,355 | 7.63% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,644 | 7.13% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,556 | 8.13% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,703 | 7.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,355 | 7.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,517 | 8.13% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,713 | 6.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,583 | 7.63% |
| Shelby, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,526 | 7.63% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,366 | 6.88% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,240 | 5.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,005 | 6.50% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,050 | 6.63% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,410 | 7.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,194 | 6.88% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,452 | 7.63% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,418 | 7.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against GUIDANCE RESIDENTIAL 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,964 | $758,210,000 | $386,054 | $7,368 | 7.06% |
For 2024, Guidance Residential's most frequently originated type of loan was Conventional, with 1,964 originations.
Loan Reason
For 2024, Guidance Residential's most frequently cited loan purpose was Home Purchase, with 1,774 originations. The 2nd most popular reason was Refi, with 98 originations.
Loan Duration/Length
For 2024, Guidance Residential's most frequently cited loan duration was 30 Year, with 1,706 originations. The 2nd most popular length was 15 Year, with 212 originations.
Origination Fees/Closing Costs
Guidance Residential's average total fees were $7,433, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 588 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 1,015 | $402,765,000 | $396,813 |
| 6-7% | 785 | $294,585,000 | $375,268 |
| 5-6% | 82 | $31,990,000 | $390,122 |
| Over 8% | 78 | $27,410,000 | $351,410 |
| 4-5% | 4 | $1,460,000 | $365,000 |
During 2024, Guidance Residential's average interest rate for loans was 7.13%, while their most frequently originated rate bucket for loans was 7-8%, with 1,015 originations.
Loan Sizing
2024 saw Guidance Residential place emphasis on $200k-400k loans with 873 originations, totaling $258,985,000 in origination value.
Applicant Income
Guidance Residential lent most frequently to those with incomes in the $100k-150k range, with 591 originations. The second most popular income band? $150k-250k, with 484 originations.
Applicant Debt to Income Ratio
Guidance Residential lent most frequently to those with DTI ratios of 20-30%, with 306 originations. The next most common DTI ratio? 30-36%, with 286 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.86%
Guidance Residential has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination69.20%
Guidance Residential 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 | 1,964 | $758,210,000 | $386,054 |