Ranlife Mortgage Rates, Fees & Info
SANDY, UTLEI: 549300W1HU6IVVIEJ389
Tax ID: 87-0682600
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Ranlife is a smaller mortgage company specializing in Home Purchase 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 144 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.91% | 11/30/23 |
| 30 Year Conventional Refi | 6.63% | 11/30/23 |
| 30 Year Cash-out Refi | 6.83% | 11/30/23 |
| 30 Year FHA Purchase | 7.47% | 11/30/23 |
| 30 Year FHA Refi | 7.18% | 11/30/23 |
| 30 Year VA Purchase | 6.29% | 11/30/23 |
| 30 Year VA Refi | 5.99% | 11/30/23 |
| 30 Year USDA Purchase | 6.98% | 11/30/23 |
| 30 Year USDA Refi | 6.94% | 11/30/23 |
| 15 Year Conventional Purchase | 6.83% | 11/30/23 |
| 15 Year Conventional Refi | 6.31% | 11/30/23 |
| 15 Year Cash-out Refi | 6.31% | 11/30/23 |
| 15 Year VA Purchase | 6.01% | 11/30/23 |
| 15 Year VA Refi | 5.68% | 11/30/23 |
| 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
1,094Origination Dollar Volume (All Markets)
$378,270,000Relative Rate
Ranlife's average 30 year fixed mortgage rate was
4.81%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.05%.
Relative Fees (Closing Costs)
Ranlife's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,448.
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) | 343 | $135,455,000 | $394,913 | $9,226 | 4.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 167 | $60,485,000 | $362,186 | $9,424 | 4.72% |
| PROVO-OREM, UT (FHA|USDA|VA) | 127 | $51,785,000 | $407,756 | $9,443 | 4.91% |
| Outside of Metro Areas | 74 | $16,040,000 | $216,757 | $8,036 | 4.83% |
| ST. GEORGE, UT (FHA|USDA|VA) | 22 | $9,280,000 | $421,818 | $6,996 | 5.02% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 20 | $7,700,000 | $385,000 | $10,197 | 4.96% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $4,745,000 | $431,364 | $17,023 | 4.45% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $4,515,000 | $301,000 | $10,729 | 5.22% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $4,385,000 | $398,636 | $9,071 | 5.26% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $4,065,000 | $369,545 | $14,374 | 4.86% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $2,640,000 | $440,000 | $11,534 | 4.50% |
| Sevierville, TN (FHA|USDA|VA) | 7 | $2,575,000 | $367,857 | $10,051 | 5.64% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,525,000 | $360,714 | $7,951 | 4.02% |
| Heber, UT (FHA|USDA|VA) | 5 | $2,215,000 | $443,000 | $16,350 | 4.60% |
| SALEM, OR (FHA|USDA|VA) | 7 | $2,015,000 | $287,857 | $10,839 | 4.79% |
| Lake City, FL (FHA|USDA|VA) | 11 | $1,855,000 | $168,636 | $6,794 | 4.33% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $7,516 | 3.85% |
| Roseburg, OR (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $7,762 | 3.98% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,580,000 | $790,000 | $13,600 | 3.94% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $1,515,000 | $216,429 | $9,053 | 4.35% |
| POCATELLO, ID (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $8,146 | 4.66% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,445,000 | $481,667 | $9,817 | 4.83% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $8,328 | 4.45% |
| BOISE CITY, ID (FHA|USDA|VA) | 9 | $1,355,000 | $150,556 | $6,461 | 4.68% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $8,898 | 4.33% |
| Pampa, TX (FHA|USDA|VA) | 7 | $1,245,000 | $177,857 | $7,175 | 5.57% |
| Vernal, UT (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $9,811 | 5.12% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $11,142 | 4.44% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $12,018 | 5.04% |
| RICHMOND, VA (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $11,645 | 4.42% |
| LOGAN, UT-ID (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $8,906 | 4.92% |
| AMARILLO, TX (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $12,319 | 3.72% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $8,365 | 5.40% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $9,726 | 4.75% |
| OCALA, FL (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $10,544 | 6.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $0 | 6.75% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $7,597 | 5.93% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $6,260 | 3.88% |
| TWIN FALLS, ID (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $9,361 | 3.58% |
| Cedar City, UT (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $15,030 | 5.31% |
| Sandpoint, ID (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $14,993 | 5.17% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $7,506 | 4.79% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 4.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $9,261 | 4.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $7,609 | 4.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $9,796 | 4.25% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $11,383 | 4.25% |
| Aberdeen, WA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $9,737 | 4.13% |
| MEDFORD, OR (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $7,567 | 4.29% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $11,472 | 5.94% |
| Moses Lake, WA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $4,074 | 4.50% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $7,909 | 7.13% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $16,856 | 5.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $13,351 | 4.38% |
| Price, UT (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $6,875 | 3.71% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $15,390 | 4.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,570 | 4.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $13,213 | 5.63% |
| REDDING, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $7,922 | 5.56% |
| Shelton, WA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $9,484 | 3.81% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,121 | 3.88% |
| Hailey, ID (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $16,085 | 2.75% |
| FARMINGTON, NM (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,996 | 5.25% |
| BEND, OR (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,377 | 5.81% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $11,100 | 4.19% |
| Centralia, WA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $12,060 | 3.37% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,285 | 3.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $6,454 | 7.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,590 | 3.88% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $20,298 | 5.25% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $18,843 | 4.50% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $3,513 | 5.59% |
| Newport, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $15,829 | 5.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,289 | 3.50% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,948 | 3.94% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $15,917 | 4.88% |
| MADERA, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,536 | 4.31% |
| Ontario, OR-ID (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,446 | 3.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,940 | 3.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,673 | 4.69% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $10,511 | 6.00% |
| Sonora, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,823 | 7.00% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,023 | 3.38% |
| Outside of Metro Areas | 1 | $315,000 | $315,000 | $4,555 | 3.75% |
| WACO, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,681 | 4.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,521 | 3.81% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,996 | 5.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $15,566 | 3.63% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,474 | 5.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 5.13% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,936 | 3.38% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,498 | 5.75% |
| Granbury, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $8,604 | 4.88% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,951 | 5.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,198 | 3.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,471 | 3.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,740 | 6.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,549 | 3.88% |
| Roswell, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,323 | 4.88% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,807 | 3.13% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,518 | 4.50% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,104 | 5.13% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,078 | 5.50% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,787 | 3.13% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,914 | 5.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,388 | 2.99% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,378 | 5.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,644 | 5.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,205 | 5.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,022 | 3.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,734 | 3.75% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,104 | 5.88% |
| Martin, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,052 | 3.50% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,321 | 4.25% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,804 | 5.25% |
| Portales, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,127 | 4.25% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $13,568 | 3.99% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,721 | 3.63% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,134 | 4.25% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,568 | 6.75% |
| Pullman, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,275 | 5.00% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,347 | 5.38% |
| Athens, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,116 | 4.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,746 | 4.75% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,461 | 6.25% |
| Palatka, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,224 | 6.50% |
| Othello, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,575 | 4.38% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,639 | 3.88% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,833 | 6.13% |
| Borger, TX (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $5,312 | 5.13% |
| Danville, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,528 | 5.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,175 | 3.63% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $4,622 | 4.63% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,587 | 2.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,596 | 3.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,601 | 4.75% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,564 | 4.88% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,400 | 5.99% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,774 | 3.63% |
| Durango, CO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.00% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,371 | 7.13% |
| Gallup, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,413 | 4.00% |
| Deming, NM (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,233 | 5.13% |
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.
Similarity Rank: 172
Similarity Rank: 210
Similarity Rank: 350
Similarity Rank: 360
Similarity Rank: 384
Similarity Rank: 440
Similarity Rank: 486
Similarity Rank: 546
Similarity Rank: 546
Similarity Rank: 567
Product Mix
For 2022, Ranlife's most frequently originated type of loan was Conventional, with 723 originations. Their 2nd most popular type was FHA, with 273 originations.
Loan Reason
For 2022, Ranlife's most frequently cited loan purpose was Home Purchase, with 666 originations. The 2nd most popular reason was Cash Out Refi, with 311 originations.
Loan Duration/Length
For 2022, Ranlife's most frequently cited loan duration was 30 Year, with 1,017 originations. The 2nd most popular length was 15 Year, with 47 originations.
Origination Fees/Closing Costs
Ranlife's average total fees were $9,448, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 403 originations.
Interest Rates
During 2022, Ranlife's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 3-4%, with 323 originations.
Loan Sizing
2022 saw Ranlife place emphasis on $200k-400k loans with 514 originations, totaling $154,370,000 in origination value.
Applicant Income
Ranlife lent most frequently to those with incomes in the $100k-150k range, with 280 originations. The second most popular income band? $50k-75k, with 272 originations.
Applicant Debt to Income Ratio
Ranlife lent most frequently to those with DTI ratios of 20-30%, with 141 originations. The next most common DTI ratio? 30-36%, with 138 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.65%
Ranlife has an average approval rate.
Pick Rate
Approvals leading to origination24.59%
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 |
|---|---|---|---|
| 10685.42 | 1 | $205,000 | $205,000 |
| 13381.0 | 1 | $115,000 | $115,000 |
| 19746.25 | 1 | $285,000 | $285,000 |
| 26114.0 | 1 | $295,000 | $295,000 |
| 45285.25 | 1 | $635,000 | $635,000 |
| 9337.0 | 1 | $145,000 | $145,000 |
| 9393.0 | 1 | $135,000 | $135,000 |
| NA | 1,087 | $376,455,000 | $346,325 |