Ranlife Mortgage Rates, Fees & Info
SANDY, UTLEI: 549300W1HU6IVVIEJ389
Tax ID: 87-0682600
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Mortgage Data
Review & Overview
Ranlife is a smaller mortgage company specializing in Home Purchase loans. Ranlife has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Salt Lake City, Ogden, Provo, Logan, and Heber among others. We have data for 91 markets. (Some data included below & more in-depth data is available with an active subscription.)Ranlife 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. Ranlife 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 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 | 6.91% | 12/16/24 |
| 30 Year Conventional Refi | 6.63% | 12/16/24 |
| 30 Year Cash-out Refi | 6.83% | 12/16/24 |
| 30 Year FHA Purchase | 7.47% | 12/16/24 |
| 30 Year FHA Refi | 7.18% | 12/16/24 |
| 30 Year VA Purchase | 6.29% | 12/16/24 |
| 30 Year VA Refi | 5.99% | 12/16/24 |
| 30 Year USDA Purchase | 6.98% | 12/16/24 |
| 30 Year USDA Refi | 6.94% | 12/16/24 |
| 15 Year Conventional Purchase | 6.83% | 12/16/24 |
| 15 Year Conventional Refi | 6.31% | 12/16/24 |
| 15 Year Cash-out Refi | 6.31% | 12/16/24 |
| 15 Year VA Purchase | 6.01% | 12/16/24 |
| 15 Year VA Refi | 5.68% | 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. | ||
Ranlife Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Ranlife. 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
590Origination Dollar Volume (All Markets)
$215,460,000Relative Rate
Ranlife's average 30 year fixed mortgage rate was
6.72%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.24%.
Relative Fees (Closing Costs)
Ranlife's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,745.
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 $9,089.
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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 197 | $79,175,000 | $401,904 | $11,908 | 6.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 128 | $45,510,000 | $355,547 | $12,039 | 6.70% |
| PROVO-OREM, UT (FHA|USDA|VA) | 62 | $26,570,000 | $428,548 | $11,396 | 6.73% |
| Outside of Metro Areas | 31 | $6,325,000 | $204,032 | $9,639 | 6.89% |
| LOGAN, UT-ID (FHA|USDA|VA) | 8 | $6,010,000 | $751,250 | $13,869 | 6.98% |
| Heber, UT (FHA|USDA|VA) | 5 | $3,865,000 | $773,000 | $20,122 | 8.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $2,705,000 | $541,000 | $17,582 | 7.70% |
| ST. GEORGE, UT (FHA|USDA|VA) | 6 | $2,690,000 | $448,333 | $13,812 | 6.73% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 6 | $2,620,000 | $436,667 | $11,389 | 6.54% |
| SALEM, OR (FHA|USDA|VA) | 5 | $1,885,000 | $377,000 | $12,584 | 6.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $11,456 | 6.55% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $24,855 | 6.38% |
| Sevierville, TN (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $13,649 | 7.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $11,686 | 7.75% |
| Portales, NM (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $8,221 | 6.57% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $8,142 | 7.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $14,124 | 7.65% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $9,698 | 5.71% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $15,695 | 6.16% |
| Klamath Falls, OR (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $10,141 | 7.25% |
| Pampa, TX (FHA|USDA|VA) | 9 | $1,075,000 | $119,444 | $5,788 | 7.05% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $18,737 | 7.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $5,761 | 7.12% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $28,500 | 6.99% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $26,872 | 5.49% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $13,760 | 6.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $28,472 | 6.13% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $20,356 | 6.75% |
| GRANTS PASS, OR (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $9,547 | 6.94% |
| Price, UT (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $7,636 | 6.79% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $10,109 | 8.12% |
| Lake City, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $10,476 | 6.25% |
| Cedar City, UT (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $16,544 | 7.31% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $18,414 | 6.88% |
| Vernal, UT (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $7,523 | 5.88% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $17,122 | 6.25% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $11,189 | 5.81% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $20,372 | 5.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $17,726 | 6.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,697 | 6.50% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,285 | 7.50% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $20,259 | 6.50% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $15,468 | 5.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,323 | 6.49% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $14,767 | 6.38% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $20,226 | 6.99% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,694 | 6.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,468 | 7.44% |
| Astoria, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $22,224 | 6.25% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $18,787 | 5.88% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,464 | 3.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $16,095 | 5.74% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,800 | 5.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,458 | 7.49% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,586 | 7.38% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,608 | 6.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,173 | 7.25% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,554 | 5.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,302 | 6.25% |
| Los Alamos, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $16,771 | 5.63% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,926 | 6.50% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $16,211 | 6.00% |
| Brenham, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $15,092 | 7.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,205 | 6.25% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,130 | 7.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,979 | 6.13% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,097 | 7.49% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,400 | 6.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,698 | 8.13% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,948 | 7.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,573 | 5.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.99% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,201 | 5.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,468 | 6.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,470 | 5.99% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,766 | 7.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,146 | 7.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,298 | 7.63% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,678 | 6.38% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,358 | 7.63% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.25% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,474 | 7.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,113 | 5.75% |
| Palatka, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,312 | 5.99% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,101 | 7.38% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,938 | 10.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,693 | 8.38% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $2,754 | 7.81% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,294 | 7.75% |
| Levelland, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,047 | 7.13% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $7,363 | 6.63% |
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Product Mix
For 2023, Ranlife's most frequently originated type of loan was Conventional, with 314 originations. Their 2nd most popular type was FHA, with 237 originations.
Loan Reason
For 2023, Ranlife's most frequently cited loan purpose was Home Purchase, with 458 originations. The 2nd most popular reason was Cash Out Refi, with 105 originations.
Loan Duration/Length
For 2023, Ranlife's most frequently cited loan duration was 30 Year, with 564 originations. The 2nd most popular length was Other, with 12 originations.
Origination Fees/Closing Costs
Ranlife's average total fees were $11,745, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 322 originations.
Interest Rates
During 2023, Ranlife's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 245 originations.
Loan Sizing
2023 saw Ranlife place emphasis on $200k-400k loans with 250 originations, totaling $78,870,000 in origination value.
Applicant Income
Ranlife lent most frequently to those with incomes in the $100k-150k range, with 202 originations. The second most popular income band? $75k-100k, with 132 originations.
Applicant Debt to Income Ratio
Ranlife lent most frequently to those with DTI ratios of 50-60%, with 129 originations. The next most common DTI ratio? 30-36%, with 86 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.43%
Ranlife has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination35.25%
Ranlife 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 |
|---|---|---|---|
| 1250.0 | 2 | $400,000 | $200,000 |
| 13448.0 | 1 | $225,000 | $225,000 |
| 18584.0 | 1 | $235,000 | $235,000 |
| 18986.35 | 1 | $195,000 | $195,000 |
| 28414.03 | 1 | $355,000 | $355,000 |
| 530.0 | 1 | $115,000 | $115,000 |
| NA | 583 | $213,935,000 | $366,955 |