Guidance Residential Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300RD5IG88VPO6P22

Tax ID: 52-2323186

2.7 stars - Updated: 2/19/24 - out of 5 stars, based on 46 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Houston, and Washington among others. We have data for 178 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.78% 2/19/24
30 Year Conventional Refi 6.57% 2/19/24
30 Year Cash-out Refi 6.81% 2/19/24
15 Year Conventional Purchase 6.14% 2/19/24
15 Year Conventional Refi 6.13% 2/19/24
15 Year Cash-out Refi 6.13% 2/19/24
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.

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

2,154

Origination Dollar Volume (All Markets)

$781,090,000

Awards

GUIDANCE RESIDENTIAL 30 Year Conventional Loans bronze GUIDANCE RESIDENTIAL 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Guidance Residential's average 30 year fixed mortgage rate was 5.33%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.57%.

Relative Fees (Closing Costs)

Guidance Residential's average total fees/closing costs for a 30 year fixed rate mortgage were $7,072.

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 $4,750.

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) 229 $107,645,000 $470,066 $10,044 5.11%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 196 $56,880,000 $290,204 $6,281 5.24%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 109 $42,265,000 $387,752 $7,176 5.10%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 121 $41,325,000 $341,529 $6,558 4.95%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 91 $41,215,000 $452,912 $7,240 5.16%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 66 $33,380,000 $505,758 $8,918 5.03%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 46 $24,310,000 $528,478 $6,941 5.21%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 70 $24,170,000 $345,286 $5,545 4.66%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 71 $21,875,000 $308,099 $7,336 5.16%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 58 $20,340,000 $350,690 $5,962 5.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 29 $18,005,000 $620,862 $9,764 4.89%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 63 $16,815,000 $266,905 $4,444 5.16%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 41 $15,765,000 $384,512 $6,794 4.87%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 44 $15,300,000 $347,727 $5,759 5.16%
RALEIGH-CARY, NC (FHA|USDA|VA) 40 $13,430,000 $335,750 $4,872 5.19%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 19 $10,935,000 $575,526 $11,372 5.07%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 15 $10,825,000 $721,667 $6,946 4.72%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 25 $10,795,000 $431,800 $8,357 4.68%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 32 $10,230,000 $319,688 $6,659 4.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 30 $9,240,000 $308,000 $5,878 5.07%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 24 $9,050,000 $377,083 $6,677 5.07%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 20 $8,980,000 $449,000 $7,058 4.95%
Outside of Metro Areas 23 $8,685,000 $377,609 $7,582 4.98%
COLUMBUS, OH (FHA|USDA|VA) 33 $8,065,000 $244,394 $5,238 5.15%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 44 $7,700,000 $175,000 $6,246 5.67%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 17 $7,665,000 $450,882 $8,751 4.81%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 26 $7,650,000 $294,231 $6,476 5.47%
ST. LOUIS, MO-IL (FHA|USDA|VA) 26 $7,100,000 $273,077 $5,173 5.26%
RICHMOND, VA (FHA|USDA|VA) 19 $7,035,000 $370,263 $6,509 4.74%
STOCKTON, CA (FHA|USDA|VA) 14 $6,820,000 $487,143 $5,706 4.75%
WORCESTER, MA-CT (FHA|USDA|VA) 16 $6,670,000 $416,875 $5,472 5.38%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 21 $5,805,000 $276,429 $5,952 5.74%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 13 $5,455,000 $419,615 $5,593 5.32%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 8 $5,220,000 $652,500 $9,657 5.03%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $4,690,000 $390,833 $7,643 5.26%
KANSAS CITY, MO-KS (FHA|USDA|VA) 14 $4,100,000 $292,857 $4,404 5.24%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 11 $4,085,000 $371,364 $4,893 4.49%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 12 $4,050,000 $337,500 $5,899 5.42%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 13 $3,945,000 $303,462 $6,165 5.16%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 13 $3,905,000 $300,385 $5,586 4.99%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 12 $3,720,000 $310,000 $7,973 4.68%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 14 $3,530,000 $252,143 $5,836 5.20%
PITTSBURGH, PA (FHA|USDA|VA) 14 $3,500,000 $250,000 $7,198 5.37%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $3,040,000 $506,667 $5,204 5.13%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 8 $2,990,000 $373,750 $6,677 4.42%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 8 $2,850,000 $356,250 $6,209 6.03%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 7 $2,575,000 $367,857 $3,932 4.52%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $2,445,000 $349,286 $6,274 4.91%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $2,375,000 $339,286 $6,647 6.05%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 6 $2,210,000 $368,333 $4,962 5.33%
ANN ARBOR, MI (FHA|USDA|VA) 7 $2,165,000 $309,286 $5,630 5.82%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $2,120,000 $353,333 $9,343 5.54%
JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,035,000 $290,714 $5,310 5.25%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 7 $2,025,000 $289,286 $3,341 5.09%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $2,015,000 $403,000 $3,410 5.23%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $1,985,000 $283,571 $3,721 5.52%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,665,000 $333,000 $7,339 4.83%
KNOXVILLE, TN (FHA|USDA|VA) 5 $1,555,000 $311,000 $5,857 5.85%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,505,000 $301,000 $5,147 5.45%
FRESNO, CA (FHA|USDA|VA) 4 $1,480,000 $370,000 $6,230 4.69%
LOUISVILLE, KY (FHA|USDA|VA) 6 $1,480,000 $246,667 $3,503 5.15%
TOLEDO, OH (FHA|USDA|VA) 6 $1,460,000 $243,333 $6,080 5.10%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $1,395,000 $199,286 $6,992 4.84%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $1,375,000 $458,333 $4,705 5.33%
GAINESVILLE, FL (FHA|USDA|VA) 5 $1,365,000 $273,000 $5,281 4.75%
SPRINGFIELD, MA (FHA|USDA|VA) 4 $1,350,000 $337,500 $6,835 5.44%
ROCHESTER, MN (FHA|USDA|VA) 4 $1,320,000 $330,000 $4,764 5.59%
COLUMBIA, MO (FHA|USDA|VA) 3 $1,315,000 $438,333 $2,988 5.83%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $1,200,000 $300,000 $5,494 5.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $1,190,000 $297,500 $5,086 5.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 4 $1,160,000 $290,000 $6,918 4.84%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 4 $1,160,000 $290,000 $4,382 4.41%
ST. CLOUD, MN (FHA|USDA|VA) 4 $1,140,000 $285,000 $5,093 6.03%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,100,000 $275,000 $8,114 5.84%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $1,010,000 $505,000 $6,327 4.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $995,000 $331,667 $4,916 6.08%
SALEM, OR (FHA|USDA|VA) 2 $980,000 $490,000 $19,795 5.94%
MODESTO, CA (FHA|USDA|VA) 2 $970,000 $485,000 $8,816 6.69%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $950,000 $475,000 $4,309 5.94%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $930,000 $465,000 $6,076 6.00%
MADISON, WI (FHA|USDA|VA) 3 $915,000 $305,000 $3,617 4.67%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $900,000 $450,000 $9,465 4.25%
ROCHESTER, NY (FHA|USDA|VA) 5 $865,000 $173,000 $3,831 5.43%
SYRACUSE, NY (FHA|USDA|VA) 2 $840,000 $420,000 $4,901 4.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $830,000 $207,500 $0 4.75%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $800,000 $400,000 $5,991 5.13%
TYLER, TX (FHA|USDA|VA) 2 $800,000 $400,000 $7,686 6.38%
COLUMBIA, SC (FHA|USDA|VA) 5 $755,000 $151,000 $6,353 5.33%
MOBILE, AL (FHA|USDA|VA) 2 $750,000 $375,000 $4,986 3.38%
GAINESVILLE, GA (FHA|USDA|VA) 2 $730,000 $365,000 $4,337 4.69%
WICHITA, KS (FHA|USDA|VA) 3 $725,000 $241,667 $4,495 5.71%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $715,000 $238,333 $7,107 4.04%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $685,000 $228,333 $5,124 6.13%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $670,000 $335,000 $3,687 3.81%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $660,000 $330,000 $11,282 5.56%
PANAMA CITY, FL (FHA|USDA|VA) 2 $650,000 $325,000 $4,582 3.31%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $645,000 $645,000 $19,205 2.75%
HARRISONBURG, VA (FHA|USDA|VA) 3 $605,000 $201,667 $4,523 5.58%
BLOOMINGTON, IL (FHA|USDA|VA) 3 $585,000 $195,000 $3,469 5.63%
CHICO, CA (FHA|USDA|VA) 2 $560,000 $280,000 $8,543 5.31%
VALLEJO, CA (FHA|USDA|VA) 1 $555,000 $555,000 $7,098 3.50%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $555,000 $555,000 $6,377 2.50%
BINGHAMTON, NY (FHA|USDA|VA) 3 $555,000 $185,000 $4,983 4.92%
ROCKFORD, IL (FHA|USDA|VA) 4 $550,000 $137,500 $4,130 5.28%
MONTGOMERY, AL (FHA|USDA|VA) 2 $550,000 $275,000 $3,921 5.00%
MORGANTOWN, WV (FHA|USDA|VA) 2 $540,000 $270,000 $4,576 5.50%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $505,000 $505,000 $27,583 3.75%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $505,000 $505,000 $16,709 4.88%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $505,000 $168,333 $6,991 5.29%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $500,000 $250,000 $4,037 5.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $490,000 $245,000 $4,394 4.31%
PEORIA, IL (FHA|USDA|VA) 3 $485,000 $161,667 $4,090 5.92%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $460,000 $230,000 $0 5.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $430,000 $215,000 $5,543 4.69%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $425,000 $425,000 $4,020 3.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $415,000 $415,000 $4,512 5.38%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $410,000 $102,500 $3,341 5.56%
MIDLAND, TX (FHA|USDA|VA) 1 $405,000 $405,000 $10,963 3.88%
TOPEKA, KS (FHA|USDA|VA) 1 $405,000 $405,000 $2,950 5.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $395,000 $395,000 $8,929 5.63%
Sevierville, TN (FHA|USDA|VA) 1 $385,000 $385,000 $6,190 3.38%
LYNCHBURG, VA (FHA|USDA|VA) 1 $385,000 $385,000 $3,322 4.88%
EL PASO, TX (FHA|USDA|VA) 2 $380,000 $190,000 $4,448 3.63%
JACKSON, MS (FHA|USDA|VA) 2 $380,000 $190,000 $5,415 4.81%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $375,000 $375,000 $3,019 4.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $370,000 $185,000 $5,077 4.50%
Corning, NY (FHA|USDA|VA) 1 $365,000 $365,000 $8,489 2.50%
Bonham, TX (FHA|USDA|VA) 1 $365,000 $365,000 $0 7.00%
FLINT, MI (FHA|USDA|VA) 1 $345,000 $345,000 $3,616 3.75%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $325,000 $325,000 $14,438 6.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $8,976 6.13%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $310,000 $155,000 $5,081 6.13%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.94%
Red Wing, MN (FHA|USDA|VA) 1 $305,000 $305,000 $3,640 3.88%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $305,000 $101,667 $4,372 3.17%
Ozark, AL (FHA|USDA|VA) 2 $300,000 $150,000 $4,801 6.31%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $295,000 $295,000 $7,553 5.88%
AKRON, OH (FHA|USDA|VA) 1 $285,000 $285,000 $7,398 6.50%
RACINE, WI (FHA|USDA|VA) 1 $275,000 $275,000 $4,609 5.75%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $265,000 $265,000 $3,230 3.63%
MERCED, CA (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.25%
Richmond-Berea, KY (FHA|USDA|VA) 1 $265,000 $265,000 $4,824 7.50%
MUSKEGON, MI (FHA|USDA|VA) 1 $265,000 $265,000 $4,636 6.00%
TUCSON, AZ (FHA|USDA|VA) 2 $260,000 $130,000 $3,263 4.50%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $255,000 $255,000 $4,001 4.88%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $255,000 $255,000 $4,466 4.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $255,000 $255,000 $5,395 4.00%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $255,000 $255,000 $5,145 5.25%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,964 5.50%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $245,000 $245,000 $3,474 4.13%
UTICA-ROME, NY (FHA|USDA|VA) 1 $235,000 $235,000 $5,069 2.88%
VALDOSTA, GA (FHA|USDA|VA) 1 $225,000 $225,000 $4,820 7.25%
SPARTANBURG, SC (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.63%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.88%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $215,000 $215,000 $4,089 4.88%
Torrington, CT (FHA|USDA|VA) 1 $205,000 $205,000 $6,257 5.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $205,000 $205,000 $7,536 3.25%
Paris, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,514 6.50%
DOTHAN, AL (FHA|USDA|VA) 1 $195,000 $195,000 $3,950 3.50%
ALBANY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,767 3.50%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.00%
West Plains, MO (FHA|USDA|VA) 1 $185,000 $185,000 $3,055 6.88%
GLENS FALLS, NY (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.50%
OCALA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,968 6.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,569 2.88%
Plattsburgh, NY (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.88%
AMARILLO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,079 5.50%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $135,000 $135,000 $3,314 5.50%
Palatka, FL (FHA|USDA|VA) 1 $135,000 $135,000 $5,280 5.25%
ERIE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,579 2.75%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,348 5.50%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,050 7.38%
FORT WAYNE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,730 5.88%
Manitowoc, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
LEBANON, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,380 5.50%
ROANOKE, VA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.25%
Greeneville, TN (FHA|USDA|VA) 1 $75,000 $75,000 $4,083 4.00%
Henderson, NC (FHA|USDA|VA) 1 $65,000 $65,000 $5,019 3.00%
Guidance Residential's top markets include New York, Chicago, Dallas, Houston, and Washington among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,154 $781,090,000 $362,623 $6,858 5.11%

    For 2022, Guidance Residential's most frequently originated type of loan was Conventional, with 2,154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,832 $684,070,000 $373,401 $6,982 5.27%
    Refi 161 $46,345,000 $287,857 $5,472 3.66%
    Cash Out Refi 161 $50,675,000 $314,752 $6,887 4.83%

    For 2022, Guidance Residential's most frequently cited loan purpose was Home Purchase, with 1,832 originations. The 2nd most popular reason was Refi, with 161 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,742 $649,450,000 $372,819 $7,072 5.33%
    15 Year 364 $114,250,000 $313,874 $5,973 4.11%
    20 Year 48 $17,390,000 $362,292 $6,056 4.98%

    For 2022, Guidance Residential's most frequently cited loan duration was 30 Year, with 1,742 originations. The 2nd most popular length was 15 Year, with 364 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 686 $242,880,000 $354,052
    $2k-3k 439 $147,705,000 $336,458
    $5k+ 361 $170,725,000 $472,922
    $3k-4k 244 $90,260,000 $369,918
    $4k-5k 143 $54,935,000 $384,161
    $<1k 4 $1,610,000 $402,500

    Guidance Residential's average total fees were $7,072, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 686 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 726 $275,260,000 $379,146
    4-5% 491 $177,495,000 $361,497
    3-4% 398 $143,030,000 $359,372
    6-7% 328 $119,490,000 $364,299
    7-8% 120 $40,020,000 $333,500
    2.5-3% 79 $21,755,000 $275,380
    <2.5% 12 $4,040,000 $336,667

    During 2022, Guidance Residential's average interest rate for loans was 5.33%, while their most frequently originated rate bucket for loans was 5-6%, with 726 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 944 $282,010,000 $298,739 $6,043 5.10%
    $400k-600k 593 $288,935,000 $487,243 $7,939 5.15%
    $100k-200k 338 $52,280,000 $154,675 $4,954 4.99%
    $600k-1MM 220 $153,180,000 $696,273 $9,867 5.23%
    $100,000 or less 59 $4,685,000 $79,407 $4,242 5.30%

    2022 saw Guidance Residential place emphasis on $200k-400k loans with 944 originations, totaling $282,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 667 $256,105,000 $383,966 $7,142 5.05%
    $150k-250k 445 $203,685,000 $457,719 $7,856 5.20%
    $75k-100k 371 $119,595,000 $322,358 $6,489 5.12%
    $50k-75k 294 $73,290,000 $249,286 $5,724 5.07%
    $250k+ 233 $104,605,000 $448,948 $7,766 5.31%
    $50k or less 141 $22,335,000 $158,404 $5,191 4.91%

    Guidance Residential lent most frequently to those with incomes in the $100k-150k range, with 667 originations. The second most popular income band? $150k-250k, with 445 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 380 $140,420,000 $369,526 $6,843 5.11%
    20-30% 346 $118,940,000 $343,757 $6,204 4.81%
    <20% 146 $43,600,000 $298,630 $5,906 4.86%
    49% 142 $49,660,000 $349,718 $7,745 5.46%
    43% 111 $43,975,000 $396,171 $7,471 5.27%
    44% 105 $38,725,000 $368,810 $7,092 5.15%
    41% 98 $36,930,000 $376,837 $6,874 5.26%
    48% 98 $37,720,000 $384,898 $7,611 5.36%
    45% 91 $33,875,000 $372,253 $6,707 5.36%
    40% 81 $27,895,000 $344,383 $6,701 5.14%
    42% 80 $32,390,000 $404,875 $7,080 5.15%
    39% 77 $28,285,000 $367,338 $7,205 5.21%
    38% 76 $30,240,000 $397,895 $7,084 5.12%
    36% 75 $27,685,000 $369,133 $6,390 4.98%
    46% 75 $29,435,000 $392,467 $7,491 5.35%
    37% 74 $28,450,000 $384,459 $6,962 5.31%
    47% 74 $25,770,000 $348,243 $6,985 5.11%
    50-60% 17 $4,525,000 $266,176 $6,275 4.18%
    >60% 8 $2,570,000 $321,250 $5,352 4.47%

    Guidance Residential lent most frequently to those with DTI ratios of 30-36%, with 380 originations. The next most common DTI ratio? 20-30%, with 346 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 1,013 $374,595,000 $369,788 $7,024 5.12%
    White 490 $173,640,000 $354,367 $6,643 4.97%
    Not provided 408 $152,000,000 $372,549 $6,983 5.20%
    Black 242 $80,750,000 $333,678 $6,448 5.24%
    Native Hawaiian or Islander 1 $105,000 $105,000 $4,918 3.63%

    Approval Rates

    Total approvals of all applications
    96.02%

    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 origination
    65.74%

    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 2,154 $781,090,000 $362,623

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,154 $781,090,000 $362,623

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 78 $17,300,000 $221,795 $5,546 4.44%
    40-60% 195 $64,245,000 $329,462 $6,592 4.53%
    60-80% 810 $285,830,000 $352,877 $7,094 5.11%
    80-100% 1,059 $412,085,000 $389,127 $6,850 5.28%
    Under 20% 12 $1,630,000 $135,833 $6,793 4.89%