Ranlife Mortgage Rates, Fees & Info

SANDY, UT

LEI: 549300W1HU6IVVIEJ389

Tax ID: 87-0682600

2.9 stars - out of 5 stars, based on 52 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Ranlife is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Ranlife has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Salt Lake City, Ogden, Provo, St. George, and Portland among others. We have data for 171 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 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.

    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
    Home Equity Line of Credit (HELOC) 6.58% 12/4/22
    30 Year Conventional Purchase 7.13% 12/4/22
    30 Year Conventional Refi 6.83% 12/4/22
    30 Year Cash-out Refi 7.03% 12/4/22
    30 Year FHA Purchase 7.71% 12/4/22
    30 Year FHA Refi 7.52% 12/4/22
    30 Year VA Purchase 6.60% 12/4/22
    30 Year VA Refi 6.33% 12/4/22
    30 Year USDA Purchase 7.13% 12/4/22
    30 Year USDA Refi 6.96% 12/4/22
    15 Year Conventional Purchase 6.06% 12/4/22
    15 Year Conventional Refi 6.01% 12/4/22
    15 Year Cash-out Refi 6.01% 12/4/22
    15 Year FHA Purchase 7.79% 12/4/22
    15 Year FHA Refi 5.76% 12/4/22
    15 Year VA Purchase 7.59% 12/4/22
    15 Year VA Refi 6.29% 12/4/22
    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.


    Originations

    2,718

    Origination Dollar Volume (All Markets)

    $820,050,000

    Relative Rate

    Ranlife's average 30 year fixed mortgage rate was 3.13%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.02%.

    Relative Fees (Closing Costs)

    Ranlife's average total fees/closing costs for a 30 year fixed rate mortgage were $6,908.

    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
    SALT LAKE CITY, UT (FHA|USDA|VA) 972 $309,650,000 $318,570 $6,713 3.08%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 451 $139,165,000 $308,570 $6,394 3.04%
    PROVO-OREM, UT (FHA|USDA|VA) 326 $110,830,000 $339,969 $6,200 3.09%
    Outside of Metro Areas 126 $26,380,000 $209,365 $6,424 3.16%
    ST. GEORGE, UT (FHA|USDA|VA) 52 $19,490,000 $374,808 $5,877 3.10%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 38 $13,160,000 $346,316 $8,329 3.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 31 $12,155,000 $392,097 $8,793 3.09%
    Heber, UT (FHA|USDA|VA) 20 $8,530,000 $426,500 $8,448 2.83%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 33 $8,265,000 $250,455 $7,746 3.04%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 28 $8,090,000 $288,929 $5,543 3.03%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 15 $5,445,000 $363,000 $5,964 3.02%
    BOISE CITY, ID (FHA|USDA|VA) 18 $5,400,000 $300,000 $8,119 3.12%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 24 $5,300,000 $220,833 $7,450 3.19%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $4,420,000 $442,000 $11,331 3.11%
    SALEM, OR (FHA|USDA|VA) 14 $4,290,000 $306,429 $9,126 3.19%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 16 $4,250,000 $265,625 $7,049 3.12%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 9 $4,185,000 $465,000 $6,308 2.69%
    Lake City, FL (FHA|USDA|VA) 20 $4,170,000 $208,500 $6,406 3.12%
    LOGAN, UT-ID (FHA|USDA|VA) 18 $4,130,000 $229,444 $4,746 3.25%
    Cedar City, UT (FHA|USDA|VA) 16 $3,900,000 $243,750 $5,388 3.27%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 12 $3,780,000 $315,000 $9,997 3.02%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 12 $3,530,000 $294,167 $9,092 3.18%
    MODESTO, CA (FHA|USDA|VA) 11 $3,495,000 $317,727 $6,365 3.07%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $3,330,000 $416,250 $8,510 2.64%
    Vernal, UT (FHA|USDA|VA) 18 $3,270,000 $181,667 $5,595 3.20%
    ALBUQUERQUE, NM (FHA|USDA|VA) 8 $3,060,000 $382,500 $6,558 3.05%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 13 $2,955,000 $227,308 $7,364 2.97%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $2,940,000 $490,000 $11,784 3.06%
    FRESNO, CA (FHA|USDA|VA) 8 $2,870,000 $358,750 $4,267 3.06%
    RICHMOND, VA (FHA|USDA|VA) 11 $2,825,000 $256,818 $6,388 3.14%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 13 $2,755,000 $211,923 $5,869 3.17%
    BEND, OR (FHA|USDA|VA) 10 $2,750,000 $275,000 $7,653 2.93%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 8 $2,420,000 $302,500 $12,481 3.08%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $2,180,000 $545,000 $10,210 3.03%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $2,005,000 $286,429 $7,535 3.21%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $1,965,000 $393,000 $5,950 2.70%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,740,000 $435,000 $5,487 2.72%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 7 $1,715,000 $245,000 $6,269 3.11%
    Port Angeles, WA (FHA|USDA|VA) 8 $1,690,000 $211,250 $5,364 3.23%
    Clearlake, CA (FHA|USDA|VA) 6 $1,670,000 $278,333 $5,316 3.56%
    BELLINGHAM, WA (FHA|USDA|VA) 5 $1,625,000 $325,000 $6,718 2.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 6 $1,610,000 $268,333 $8,569 3.04%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,585,000 $528,333 $9,947 3.29%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 8 $1,450,000 $181,250 $7,181 2.98%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $1,445,000 $206,429 $7,032 3.18%
    IDAHO FALLS, ID (FHA|USDA|VA) 7 $1,435,000 $205,000 $6,472 2.95%
    Sonora, CA (FHA|USDA|VA) 5 $1,405,000 $281,000 $9,694 2.85%
    Price, UT (FHA|USDA|VA) 10 $1,330,000 $133,000 $4,687 3.25%
    Centralia, WA (FHA|USDA|VA) 6 $1,330,000 $221,667 $6,120 2.92%
    Moses Lake, WA (FHA|USDA|VA) 6 $1,230,000 $205,000 $5,559 2.85%
    KNOXVILLE, TN (FHA|USDA|VA) 7 $1,175,000 $167,857 $4,115 3.34%
    Aberdeen, WA (FHA|USDA|VA) 7 $1,155,000 $165,000 $5,401 2.88%
    Klamath Falls, OR (FHA|USDA|VA) 5 $1,095,000 $219,000 $6,382 3.35%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,060,000 $265,000 $9,338 3.09%
    POCATELLO, ID (FHA|USDA|VA) 3 $945,000 $315,000 $6,212 3.38%
    TUCSON, AZ (FHA|USDA|VA) 4 $940,000 $235,000 $5,176 3.00%
    Roseburg, OR (FHA|USDA|VA) 4 $920,000 $230,000 $8,372 3.25%
    VISALIA, CA (FHA|USDA|VA) 4 $920,000 $230,000 $7,352 3.28%
    TWIN FALLS, ID (FHA|USDA|VA) 4 $920,000 $230,000 $6,054 2.94%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $890,000 $445,000 $5,612 3.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $885,000 $295,000 $9,412 3.29%
    Pampa, TX (FHA|USDA|VA) 6 $880,000 $146,667 $6,660 3.19%
    MEDFORD, OR (FHA|USDA|VA) 3 $865,000 $288,333 $7,258 3.08%
    GRANTS PASS, OR (FHA|USDA|VA) 3 $855,000 $285,000 $9,235 2.92%
    Crescent City, CA (FHA|USDA|VA) 3 $805,000 $268,333 $9,424 2.88%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $790,000 $395,000 $7,737 3.13%
    STOCKTON, CA (FHA|USDA|VA) 3 $775,000 $258,333 $4,689 3.08%
    Prineville, OR (FHA|USDA|VA) 3 $775,000 $258,333 $5,596 3.08%
    Rexburg, ID (FHA|USDA|VA) 4 $750,000 $187,500 $5,638 3.31%
    Coos Bay, OR (FHA|USDA|VA) 4 $740,000 $185,000 $7,595 3.22%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $725,000 $725,000 $5,300 3.63%
    LONGVIEW, TX (FHA|USDA|VA) 3 $725,000 $241,667 $8,892 2.79%
    Eureka-Arcata, CA (FHA|USDA|VA) 2 $680,000 $340,000 $8,676 2.69%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $670,000 $335,000 $6,259 2.99%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $655,000 $218,333 $6,454 3.13%
    WENATCHEE, WA (FHA|USDA|VA) 2 $650,000 $325,000 $8,289 3.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $635,000 $211,667 $6,097 3.21%
    YUBA CITY, CA (FHA|USDA|VA) 2 $630,000 $315,000 $9,926 3.06%
    WINCHESTER, VA-WV (FHA|USDA|VA) 2 $620,000 $310,000 $3,953 2.87%
    Red Bluff, CA (FHA|USDA|VA) 3 $615,000 $205,000 $5,346 3.20%
    SANTA FE, NM (FHA|USDA|VA) 2 $610,000 $305,000 $5,859 2.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $605,000 $201,667 $6,027 3.08%
    Deming, NM (FHA|USDA|VA) 6 $600,000 $100,000 $3,587 3.56%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $590,000 $295,000 $6,374 2.88%
    YAKIMA, WA (FHA|USDA|VA) 2 $590,000 $295,000 $7,634 3.06%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 4 $590,000 $147,500 $7,907 3.03%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 3 $575,000 $191,667 $7,545 3.29%
    Shelton, WA (FHA|USDA|VA) 2 $560,000 $280,000 $7,822 3.50%
    Burley, ID (FHA|USDA|VA) 3 $535,000 $178,333 $6,228 2.91%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $525,000 $525,000 $3,090 3.38%
    BOULDER, CO (FHA|USDA|VA) 1 $505,000 $505,000 $4,350 3.38%
    Blackfoot, ID (FHA|USDA|VA) 2 $500,000 $250,000 $5,889 2.94%
    Taos, NM (FHA|USDA|VA) 2 $490,000 $245,000 $3,764 3.38%
    Outside of Metro Areas 2 $490,000 $245,000 $4,800 3.00%
    Show Low, AZ (FHA|USDA|VA) 1 $485,000 $485,000 $7,997 3.25%
    Martinsville, VA (FHA|USDA|VA) 4 $470,000 $117,500 $4,577 3.28%
    Ontario, OR-ID (FHA|USDA|VA) 1 $455,000 $455,000 $3,398 2.75%
    REDDING, CA (FHA|USDA|VA) 2 $440,000 $220,000 $3,347 2.43%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $440,000 $220,000 $5,366 3.19%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $435,000 $435,000 $6,104 2.88%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $435,000 $435,000 $5,833 3.38%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $425,000 $141,667 $5,914 3.08%
    Newport, OR (FHA|USDA|VA) 2 $420,000 $210,000 $7,380 3.06%
    Mountain Home, ID (FHA|USDA|VA) 3 $415,000 $138,333 $5,914 3.04%
    MUNCIE, IN (FHA|USDA|VA) 2 $410,000 $205,000 $3,977 2.88%
    LONGVIEW, WA (FHA|USDA|VA) 2 $370,000 $185,000 $3,462 2.87%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $370,000 $185,000 $6,945 3.13%
    ABILENE, TX (FHA|USDA|VA) 2 $360,000 $180,000 $4,506 3.06%
    The Dalles, OR (FHA|USDA|VA) 2 $360,000 $180,000 $8,740 2.94%
    Newport, TN (FHA|USDA|VA) 2 $360,000 $180,000 $7,294 3.00%
    Las Vegas, NM (FHA|USDA|VA) 1 $355,000 $355,000 $2,463 4.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $340,000 $170,000 $4,216 3.56%
    Moscow, ID (FHA|USDA|VA) 1 $335,000 $335,000 $7,284 2.75%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $330,000 $165,000 $8,015 2.56%
    ROANOKE, VA (FHA|USDA|VA) 2 $330,000 $165,000 $7,952 2.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $320,000 $160,000 $5,377 3.69%
    Paris, TX (FHA|USDA|VA) 1 $315,000 $315,000 $10,384 3.75%
    CHICO, CA (FHA|USDA|VA) 1 $315,000 $315,000 $4,721 3.75%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $305,000 $305,000 $3,750 2.38%
    WACO, TX (FHA|USDA|VA) 3 $285,000 $95,000 $4,058 3.45%
    Borger, TX (FHA|USDA|VA) 3 $285,000 $95,000 $5,831 3.50%
    GREELEY, CO (FHA|USDA|VA) 2 $280,000 $140,000 $3,050 2.69%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $275,000 $275,000 $8,601 2.88%
    Hobbs, NM (FHA|USDA|VA) 1 $275,000 $275,000 $9,735 2.50%
    Sevierville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $9,480 3.63%
    Fredericksburg, TX (FHA|USDA|VA) 1 $255,000 $255,000 $7,342 3.63%
    MERCED, CA (FHA|USDA|VA) 1 $235,000 $235,000 $5,119 3.25%
    LEWISTON, ID-WA (FHA|USDA|VA) 1 $235,000 $235,000 $8,064 2.25%
    LUBBOCK, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,485 2.99%
    Crossville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $7,531 2.99%
    PUEBLO, CO (FHA|USDA|VA) 1 $225,000 $225,000 $4,126 2.88%
    EL CENTRO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $11,279 2.75%
    Jackson, WY-ID (FHA|USDA|VA) 1 $215,000 $215,000 $3,376 2.88%
    Granbury, TX (FHA|USDA|VA) 1 $215,000 $215,000 $6,526 4.75%
    Brookings, OR (FHA|USDA|VA) 1 $215,000 $215,000 $3,993 2.88%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $205,000 $205,000 $9,444 2.50%
    Sandpoint, ID (FHA|USDA|VA) 1 $205,000 $205,000 $4,821 2.88%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $205,000 $205,000 $3,028 2.25%
    CLEVELAND, TN (FHA|USDA|VA) 1 $205,000 $205,000 $5,629 3.38%
    TYLER, TX (FHA|USDA|VA) 2 $190,000 $95,000 $6,351 3.69%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $8,384 2.75%
    Oak Harbor, WA (FHA|USDA|VA) 1 $185,000 $185,000 $7,179 3.00%
    Dayton, TN (FHA|USDA|VA) 1 $175,000 $175,000 $6,206 2.38%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $175,000 $175,000 $9,070 2.75%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $2,877 2.50%
    VALLEJO, CA (FHA|USDA|VA) 1 $175,000 $175,000 $1,481 2.75%
    CORVALLIS, OR (FHA|USDA|VA) 1 $175,000 $175,000 $4,136 3.00%
    Martin, TN (FHA|USDA|VA) 1 $165,000 $165,000 $4,625 2.88%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $165,000 $165,000 $9,530 2.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,347 3.63%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $155,000 $155,000 $4,123 2.25%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $155,000 $155,000 $5,935 2.75%
    AMARILLO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,923 3.75%
    Susanville, CA (FHA|USDA|VA) 1 $145,000 $145,000 $3,476 4.38%
    McMinnville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $5,081 3.75%
    YUMA, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $5,985 2.75%
    Jacksonville, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,252 2.75%
    EL PASO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $7,892 3.63%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $135,000 $135,000 $5,068 3.25%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $135,000 $135,000 $4,529 3.38%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,491 3.63%
    Kerrville, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,695 2.88%
    Dumas, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,946 3.13%
    FARMINGTON, NM (FHA|USDA|VA) 1 $115,000 $115,000 $3,332 3.25%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $6,683 3.75%
    Mineral Wells, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,651 2.88%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $4,664 2.63%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,693 3.99%
    COLUMBUS, IN (FHA|USDA|VA) 1 $95,000 $95,000 $4,074 3.63%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $4,499 2.88%
    Palestine, TX (FHA|USDA|VA) 1 $85,000 $85,000 $6,059 4.50%
    Ranlife's top markets include Salt Lake City, Ogden, Provo, St. George, and Portland among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against RANLIFE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HORIZON UTAH Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,912 $575,630,000 $301,062 $5,346 3.15%
    FHA 558 $161,490,000 $289,409 $10,171 2.98%
    VA 180 $66,060,000 $367,000 $9,190 2.72%
    USDA 68 $16,870,000 $248,088 $7,201 2.91%

    For 2021, Ranlife's most frequently originated type of loan was Conventional, with 1,912 originations. Their 2nd most popular type was FHA, with 558 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,048 $350,850,000 $334,781 $7,441 3.18%
    Refi 918 $249,040,000 $271,285 $5,157 2.91%
    Cash Out Refi 737 $219,905,000 $298,379 $7,471 3.11%
    Other 15 $255,000 $17,000 $415 4.90%

    For 2021, Ranlife's most frequently cited loan purpose was Home Purchase, with 1,048 originations. The 2nd most popular reason was Refi, with 918 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,420 $749,960,000 $309,901 $6,908 3.13%
    15 Year 155 $33,935,000 $218,935 $4,387 2.46%
    20 Year 96 $24,540,000 $255,625 $4,702 2.91%
    Other 35 $9,305,000 $265,857 $4,222 2.96%
    10 Year 12 $2,310,000 $192,500 $3,668 2.64%

    For 2021, Ranlife's most frequently cited loan duration was 30 Year, with 2,420 originations. The 2nd most popular length was 15 Year, with 155 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,198 $363,740,000 $303,623
    $2k-3k 466 $123,820,000 $265,708
    $5k+ 397 $153,045,000 $385,504
    $3k-4k 286 $79,660,000 $278,531
    $4k-5k 218 $67,030,000 $307,477
    $<1k 153 $32,755,000 $214,085

    Ranlife's average total fees were $6,908, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,198 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,221 $379,585,000 $310,880
    3-4% 1,076 $337,600,000 $313,755
    <2.5% 301 $85,925,000 $285,465
    4-5% 85 $16,235,000 $191,000
    5-6% 35 $705,000 $20,143

    During 2021, Ranlife's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,221 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,538 $451,570,000 $293,609 $6,863 3.00%
    $100k-200k 494 $78,410,000 $158,725 $4,993 3.05%
    $400k-600k 493 $231,935,000 $470,456 $7,970 3.05%
    $100,000 or less 125 $5,825,000 $46,600 $2,115 4.29%
    $600k-1MM 62 $43,450,000 $700,806 $12,141 3.11%
    $1MM+ 6 $8,860,000 $1,476,667 $13,800 3.39%

    2021 saw Ranlife place emphasis on $200k-400k loans with 1,538 originations, totaling $451,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 865 $229,425,000 $265,231 $6,309 3.12%
    $75k-100k 564 $179,950,000 $319,060 $6,929 3.08%
    $50k or less 514 $106,240,000 $206,693 $5,669 3.03%
    $100k-150k 507 $184,115,000 $363,146 $7,695 3.05%
    $150k-250k 189 $80,195,000 $424,312 $7,062 3.08%
    $250k+ 79 $40,125,000 $507,911 $6,686 3.17%

    Ranlife lent most frequently to those with incomes in the $50k-75k range, with 865 originations. The second most popular income band? $75k-100k, with 564 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 497 $145,335,000 $292,425 $6,059 3.08%
    20-30% 451 $128,345,000 $284,579 $5,462 3.00%
    <20% 232 $67,430,000 $290,647 $5,283 2.90%
    50-60% 185 $57,055,000 $308,405 $10,442 3.01%
    44% 154 $51,040,000 $331,429 $6,628 3.12%
    42% 130 $40,310,000 $310,077 $5,744 3.11%
    40% 113 $34,215,000 $302,788 $6,577 3.18%
    43% 110 $33,230,000 $302,091 $6,378 3.06%
    41% 109 $35,245,000 $323,349 $6,535 3.14%
    39% 107 $33,395,000 $312,103 $6,621 3.21%
    37% 106 $32,970,000 $311,038 $10,903 3.06%
    36% 97 $29,625,000 $305,412 $5,126 3.27%
    38% 95 $28,675,000 $301,842 $6,165 3.11%
    45% 88 $29,340,000 $333,409 $7,596 3.18%
    49% 82 $25,090,000 $305,976 $7,192 3.16%
    46% 61 $19,055,000 $312,377 $8,186 3.26%
    47% 52 $15,270,000 $293,654 $7,870 3.20%
    48% 46 $12,930,000 $281,087 $7,664 3.10%
    >60% 3 $1,495,000 $498,333 $6,013 2.58%

    Ranlife lent most frequently to those with DTI ratios of 30-36%, with 497 originations. The next most common DTI ratio? 20-30%, with 451 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,445 $442,695,000 $306,363 $6,743 3.08%
    Not provided 1,170 $345,900,000 $295,641 $6,466 3.08%
    Black 46 $12,890,000 $280,217 $7,667 3.14%
    Asian 32 $11,290,000 $352,813 $6,883 3.09%
    Native Hawaiian or Islander 19 $5,695,000 $299,737 $7,042 3.28%
    American Indian 4 $1,210,000 $302,500 $4,952 3.03%
    Korean 1 $205,000 $205,000 $2,771 2.63%
    Samoan 1 $165,000 $165,000 $5,629 3.38%

    Approval Rates

    Total approvals of all applications
    96.94%

    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 origination
    61.04%

    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
    NA 2,718 $820,050,000 $301,711

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,718 $820,050,000 $301,711

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 101 $17,285,000 $171,139 $9,197 2.81%
    40-60% 389 $97,975,000 $251,864 $4,720 2.91%
    60-80% 998 $317,900,000 $318,537 $5,865 3.09%
    80-100% 1,123 $372,245,000 $331,474 $7,937 3.04%
    Over 100% 29 $11,915,000 $410,862 $15,254 2.81%
    Under 20% 78 $2,730,000 $35,000 $886 4.82%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    RANLife, Inc. Conventional home mortgage Trouble during payment process 2 50.0%
    RANLife, Inc. FHA mortgage Incorrect information on your report 1 25.0%
    RANLife, Inc. FHA mortgage Trouble during payment process 1 25.0%