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, Seattle, Chicago, Dallas, and Washington among others. We have data for 128 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 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 | 6.78% | 12/16/24 |
30 Year Conventional Refi | 6.57% | 12/16/24 |
30 Year Cash-out Refi | 6.81% | 12/16/24 |
15 Year Conventional Purchase | 6.14% | 12/16/24 |
15 Year Conventional Refi | 6.13% | 12/16/24 |
15 Year Cash-out Refi | 6.13% | 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. |
Guidance Residential Mortgage Calculator
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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
1,924Origination Dollar Volume (All Markets)
$526,690,000GUIDANCE RESIDENTIAL - 2018
GUIDANCE RESIDENTIAL is a 2018 , due to their low .
For 2018, 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 |
---|---|---|---|---|---|
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 244 | $92,820,000 | $380,410 | $7,346 | 4.93% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 125 | $50,675,000 | $405,400 | $5,513 | 4.90% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 147 | $35,915,000 | $244,320 | $5,420 | 4.95% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 111 | $30,795,000 | $277,432 | $5,323 | 4.81% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 80 | $25,890,000 | $323,625 | $4,803 | 4.95% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 114 | $25,410,000 | $222,895 | $4,069 | 5.00% |
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 60 | $19,910,000 | $331,833 | $4,205 | 5.04% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 83 | $19,725,000 | $237,651 | $4,483 | 5.10% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 73 | $14,295,000 | $195,822 | $4,846 | 4.86% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 49 | $12,185,000 | $248,673 | $3,614 | 5.00% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 49 | $11,075,000 | $226,020 | $4,541 | 4.97% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 46 | $10,620,000 | $230,870 | $4,477 | 4.87% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 42 | $9,710,000 | $231,190 | $4,852 | 4.90% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 22 | $9,130,000 | $415,000 | $5,701 | 4.87% |
COLUMBUS, OH (FHA|USDA|VA) | 51 | $8,675,000 | $170,098 | $3,756 | 4.85% |
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 45 | $8,425,000 | $187,222 | $4,145 | 5.15% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 22 | $7,490,000 | $340,455 | $4,545 | 4.93% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 16 | $7,160,000 | $447,500 | $4,673 | 4.96% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 12 | $6,780,000 | $565,000 | $4,295 | 4.74% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 26 | $6,490,000 | $249,615 | $4,272 | 4.91% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 25 | $6,475,000 | $259,000 | $5,038 | 4.79% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 17 | $5,735,000 | $337,353 | $4,926 | 5.07% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 21 | $4,555,000 | $216,905 | $4,035 | 5.02% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 18 | $4,130,000 | $229,444 | $5,523 | 4.98% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 17 | $4,065,000 | $239,118 | $5,498 | 4.93% |
KANSAS CITY, MO-KS (FHA|USDA|VA) | 13 | $3,975,000 | $305,769 | $2,965 | 4.70% |
LOUISVILLE, KY (FHA|USDA|VA) | 23 | $3,905,000 | $169,783 | $3,250 | 4.96% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 17 | $3,535,000 | $207,941 | $3,886 | 5.04% |
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 13 | $3,285,000 | $252,692 | $4,655 | 4.73% |
WORCESTER, MA-CT (FHA|USDA|VA) | 11 | $3,255,000 | $295,909 | $4,072 | 4.94% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $3,120,000 | $520,000 | $6,644 | 4.96% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $3,050,000 | $305,000 | $5,005 | 4.95% |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 15 | $2,945,000 | $196,333 | $4,516 | 4.86% |
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 15 | $2,675,000 | $178,333 | $5,282 | 4.82% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 13 | $2,625,000 | $201,923 | $4,318 | 4.77% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 11 | $2,535,000 | $230,455 | $3,480 | 4.81% |
PITTSBURGH, PA (FHA|USDA|VA) | 9 | $2,205,000 | $245,000 | $5,052 | 4.64% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 9 | $2,195,000 | $243,889 | $4,813 | 4.76% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $2,075,000 | $230,556 | $4,128 | 4.64% |
RICHMOND, VA (FHA|USDA|VA) | 8 | $2,060,000 | $257,500 | $4,113 | 4.86% |
ROCHESTER, MN (FHA|USDA|VA) | 8 | $1,960,000 | $245,000 | $4,515 | 5.08% |
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 7 | $1,925,000 | $275,000 | $5,534 | 4.77% |
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 9 | $1,925,000 | $213,889 | $6,187 | 4.47% |
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $4,233 | 4.98% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,905,000 | $381,000 | $5,782 | 5.18% |
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 15 | $1,875,000 | $125,000 | $3,865 | 5.08% |
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $4,718 | 5.00% |
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $3,758 | 4.69% |
ST. CLOUD, MN (FHA|USDA|VA) | 8 | $1,190,000 | $148,750 | $3,689 | 5.17% |
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $3,403 | 4.55% |
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $3,871 | 5.00% |
FLINT, MI (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $3,236 | 4.83% |
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $4,273 | 5.29% |
WICHITA, KS (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $4,212 | 4.95% |
DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $5,573 | 4.47% |
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,783 | 5.04% |
MADISON, WI (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $6,428 | 4.58% |
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $3,949 | 5.06% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $4,000 | 5.13% |
COLUMBIA, SC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,722 | 5.13% |
DOTHAN, AL (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $3,490 | 4.69% |
SYRACUSE, NY (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $5,289 | 4.58% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,892 | 4.58% |
ROCKFORD, IL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,847 | 4.75% |
TOLEDO, OH (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,646 | 4.31% |
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,344 | 4.94% |
JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $3,633 | 4.75% |
SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,405 | 4.83% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,758 | 5.44% |
CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,967 | 4.79% |
VALLEJO, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,213 | 4.81% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,595 | 4.83% |
HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,840 | 5.29% |
KNOXVILLE, TN (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,512 | 5.06% |
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,501 | 4.88% |
COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,090 | 4.75% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,404 | 4.44% |
LIMA, OH (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,187 | 4.25% |
VISALIA, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,521 | 4.13% |
MERCED, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,229 | 5.38% |
PANAMA CITY, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,266 | 4.25% |
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,781 | 5.06% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,723 | 4.88% |
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,473 | 4.44% |
EL PASO, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,344 | 5.00% |
Torrington, CT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,938 | 5.00% |
HARRISONBURG, VA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,083 | 5.19% |
BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,765 | 4.38% |
ROCHESTER, NY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,639 | 5.25% |
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,240 | 5.25% |
Outside of Metro Areas | 2 | $280,000 | $140,000 | $4,273 | 4.94% |
AKRON, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,386 | 5.25% |
AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,669 | 5.00% |
BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,569 | 4.88% |
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,655 | 5.75% |
ANN ARBOR, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,767 | 5.25% |
SAGINAW, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,820 | 5.25% |
WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,444 | 5.13% |
Sunbury, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,476 | 4.75% |
SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,462 | 4.38% |
KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,461 | 5.00% |
LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,562 | 4.50% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,430 | 4.50% |
GREENVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,181 | 5.00% |
YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,540 | 6.00% |
YUMA, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,913 | 5.13% |
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,662 | 5.38% |
UTICA-ROME, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,251 | 3.75% |
NEW BERN, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,753 | 4.25% |
FARGO, ND-MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,294 | 5.63% |
PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,235 | 4.88% |
SAN ANGELO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,614 | 4.50% |
Traverse City, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,662 | 4.75% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,657 | 4.88% |
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,573 | 6.25% |
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,276 | 4.38% |
LANCASTER, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,687 | 4.38% |
ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,385 | 5.00% |
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,336 | 5.50% |
KINGSTON, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,320 | 4.75% |
GAINESVILLE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,386 | 5.13% |
BELLINGHAM, WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,305 | 5.00% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,551 | 4.88% |
SPARTANBURG, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,524 | 4.75% |
Hudson, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,788 | 5.38% |
Klamath Falls, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,388 | 4.88% |
Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,986 | 4.75% |
MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,682 | 5.13% |
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 1,924 | $526,690,000 | $273,747 | $4,982 | 4.93% |
For 2018, Guidance Residential's most frequently originated type of loan was Conventional, with 1,924 originations.
Loan Reason
For 2018, Guidance Residential's most frequently cited loan purpose was Home Purchase, with 1,677 originations. The 2nd most popular reason was Refi, with 146 originations.
Loan Duration/Length
For 2018, Guidance Residential's most frequently cited loan duration was 30 Year, with 1,462 originations. The 2nd most popular length was 15 Year, with 322 originations.
Origination Fees/Closing Costs
Guidance Residential's average total fees were $5,058, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 893 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 1,104 | $301,150,000 | $272,781 |
5-6% | 709 | $197,355,000 | $278,357 |
3-4% | 73 | $18,535,000 | $253,904 |
6-7% | 38 | $9,650,000 | $253,947 |
During 2018, Guidance Residential's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 4-5%, with 1,104 originations.
Loan Sizing
2018 saw Guidance Residential place emphasis on $200k-400k loans with 876 originations, totaling $252,950,000 in origination value.
Applicant Income
Guidance Residential lent most frequently to those with incomes in the $100k-150k range, with 498 originations. The second most popular income band? $50k-75k, with 394 originations.
Applicant Debt to Income Ratio
Guidance Residential lent most frequently to those with DTI ratios of 20-30%, with 327 originations. The next most common DTI ratio? 30-36%, with 283 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.71%
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 origination88.93%
Guidance Residential has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,924 | $526,690,000 | $273,747 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Site-Built | 1,924 | $526,690,000 | $273,747 |