Ranlife Mortgage Rates, Fees & Info

SANDY, UT

LEI: 549300W1HU6IVVIEJ389

Tax ID: 87-0682600

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

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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, St. George, and Heber among others. We have data for 167 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 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 6.91% 3/24/24
30 Year Conventional Refi 6.63% 3/24/24
30 Year Cash-out Refi 6.83% 3/24/24
30 Year FHA Purchase 7.47% 3/24/24
30 Year FHA Refi 7.18% 3/24/24
30 Year VA Purchase 6.29% 3/24/24
30 Year VA Refi 5.99% 3/24/24
30 Year USDA Purchase 6.98% 3/24/24
30 Year USDA Refi 6.94% 3/24/24
15 Year Conventional Purchase 6.83% 3/24/24
15 Year Conventional Refi 6.31% 3/24/24
15 Year Cash-out Refi 6.31% 3/24/24
15 Year VA Purchase 6.01% 3/24/24
15 Year VA Refi 5.68% 3/24/24
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

1,510

Origination Dollar Volume (All Markets)

$322,520,000

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) 523 $120,525,000 $230,449 $6,574 5.25%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 266 $55,330,000 $208,008 $6,052 5.35%
PROVO-OREM, UT (FHA|USDA|VA) 153 $34,635,000 $226,373 $6,535 5.40%
Outside of Metro Areas 89 $13,135,000 $147,584 $5,492 5.38%
ST. GEORGE, UT (FHA|USDA|VA) 28 $5,910,000 $211,071 $5,772 4.96%
Heber, UT (FHA|USDA|VA) 13 $4,985,000 $383,462 $7,499 4.94%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 19 $3,895,000 $205,000 $7,850 5.37%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 17 $3,695,000 $217,353 $5,856 4.97%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 14 $3,620,000 $258,571 $8,108 5.09%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $3,255,000 $361,667 $8,540 5.01%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 12 $2,620,000 $218,333 $5,683 4.84%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $2,360,000 $168,571 $7,040 5.18%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 13 $2,325,000 $178,846 $6,470 5.24%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $2,315,000 $330,714 $13,023 4.70%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $2,055,000 $293,571 $7,680 4.61%
RICHMOND, VA (FHA|USDA|VA) 8 $1,900,000 $237,500 $6,897 5.20%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 9 $1,775,000 $197,222 $8,707 5.12%
Cedar City, UT (FHA|USDA|VA) 9 $1,615,000 $179,444 $5,064 5.58%
LOGAN, UT-ID (FHA|USDA|VA) 9 $1,545,000 $171,667 $5,204 5.17%
BOISE CITY, ID (FHA|USDA|VA) 5 $1,335,000 $267,000 $7,012 4.94%
Vernal, UT (FHA|USDA|VA) 10 $1,320,000 $132,000 $4,979 5.84%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $1,310,000 $163,750 $7,162 4.95%
SALEM, OR (FHA|USDA|VA) 5 $1,285,000 $257,000 $8,529 5.07%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,260,000 $315,000 $8,213 4.80%
Price, UT (FHA|USDA|VA) 9 $1,175,000 $130,556 $5,034 5.47%
TWIN FALLS, ID (FHA|USDA|VA) 4 $1,150,000 $287,500 $8,659 4.84%
MEDFORD, OR (FHA|USDA|VA) 5 $1,145,000 $229,000 $7,017 5.25%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,060,000 $530,000 $8,830 5.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,000,000 $250,000 $7,721 4.78%
MODESTO, CA (FHA|USDA|VA) 4 $960,000 $240,000 $7,531 5.38%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $950,000 $475,000 $8,561 4.75%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 4 $950,000 $237,500 $9,589 5.06%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $950,000 $475,000 $10,236 4.87%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $895,000 $298,333 $10,165 4.96%
Aberdeen, WA (FHA|USDA|VA) 6 $870,000 $145,000 $5,271 4.85%
Burley, ID (FHA|USDA|VA) 4 $850,000 $212,500 $5,433 5.03%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $825,000 $165,000 $7,057 5.15%
KNOXVILLE, TN (FHA|USDA|VA) 5 $815,000 $163,000 $5,564 5.33%
Shelton, WA (FHA|USDA|VA) 4 $810,000 $202,500 $7,036 5.15%
IDAHO FALLS, ID (FHA|USDA|VA) 5 $795,000 $159,000 $5,045 4.85%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $770,000 $385,000 $7,844 4.81%
STOCKTON, CA (FHA|USDA|VA) 2 $760,000 $380,000 $11,824 5.38%
Lake City, FL (FHA|USDA|VA) 5 $755,000 $151,000 $6,907 5.18%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $750,000 $187,500 $7,271 5.41%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $740,000 $185,000 $6,369 5.34%
YAKIMA, WA (FHA|USDA|VA) 3 $725,000 $241,667 $8,163 4.66%
BEND, OR (FHA|USDA|VA) 4 $690,000 $172,500 $4,705 4.66%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $675,000 $225,000 $6,895 4.79%
Newport, OR (FHA|USDA|VA) 3 $615,000 $205,000 $6,290 4.92%
Sonora, CA (FHA|USDA|VA) 2 $610,000 $305,000 $11,277 4.75%
Klamath Falls, OR (FHA|USDA|VA) 4 $560,000 $140,000 $4,170 5.34%
Prineville, OR (FHA|USDA|VA) 3 $555,000 $185,000 $6,083 5.49%
LONGVIEW, WA (FHA|USDA|VA) 3 $555,000 $185,000 $4,786 4.83%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $550,000 $275,000 $4,688 5.13%
GREELEY, CO (FHA|USDA|VA) 2 $500,000 $250,000 $8,861 5.06%
CHICO, CA (FHA|USDA|VA) 3 $495,000 $165,000 $7,528 5.04%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $455,000 $455,000 $9,442 4.38%
WACO, TX (FHA|USDA|VA) 3 $455,000 $151,667 $5,328 5.58%
Nogales, AZ (FHA|USDA|VA) 1 $435,000 $435,000 $2,528 5.13%
Port Angeles, WA (FHA|USDA|VA) 2 $420,000 $210,000 $5,154 5.69%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $420,000 $210,000 $12,357 4.94%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $410,000 $205,000 $6,764 4.94%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $400,000 $200,000 $6,591 5.25%
Outside of Metro Areas 2 $400,000 $200,000 $5,798 4.81%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,133 4.88%
Hilo, HI (FHA|USDA|VA) 2 $390,000 $195,000 $10,801 5.12%
ROANOKE, VA (FHA|USDA|VA) 2 $380,000 $190,000 $6,488 4.43%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $380,000 $190,000 $6,495 4.56%
REDDING, CA (FHA|USDA|VA) 1 $375,000 $375,000 $6,074 4.88%
GRANTS PASS, OR (FHA|USDA|VA) 2 $370,000 $185,000 $6,847 4.88%
SALINAS, CA (FHA|USDA|VA) 1 $365,000 $365,000 $20,389 5.63%
Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $360,000 $180,000 $5,863 5.56%
MADERA, CA (FHA|USDA|VA) 2 $340,000 $170,000 $3,381 5.06%
Mountain Home, ID (FHA|USDA|VA) 2 $330,000 $165,000 $6,540 4.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $325,000 $108,333 $5,977 5.83%
MIDLAND, TX (FHA|USDA|VA) 2 $320,000 $160,000 $5,117 4.69%
CLEVELAND, TN (FHA|USDA|VA) 1 $315,000 $315,000 $12,052 5.00%
Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $310,000 $155,000 $7,744 5.19%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,139 5.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $295,000 $295,000 $15,747 5.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $295,000 $295,000 $9,775 5.63%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $295,000 $295,000 $9,091 4.25%
Clearlake, CA (FHA|USDA|VA) 2 $280,000 $140,000 $4,167 5.44%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $8,905 5.75%
Athens, TN (FHA|USDA|VA) 2 $270,000 $135,000 $5,982 5.13%
STAUNTON, VA (FHA|USDA|VA) 2 $270,000 $135,000 $6,013 4.19%
LONGVIEW, TX (FHA|USDA|VA) 3 $265,000 $88,333 $4,236 5.83%
FORT COLLINS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $8,004 4.38%
NAPA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $5,903 4.63%
The Dalles, OR (FHA|USDA|VA) 1 $255,000 $255,000 $3,219 5.00%
BELLINGHAM, WA (FHA|USDA|VA) 1 $255,000 $255,000 $4,320 5.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $255,000 $255,000 $6,324 4.63%
JACKSON, TN (FHA|USDA|VA) 2 $250,000 $125,000 $5,843 5.00%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $235,000 $78,333 $4,250 5.75%
PUEBLO, CO (FHA|USDA|VA) 1 $235,000 $235,000 $8,150 4.75%
FRESNO, CA (FHA|USDA|VA) 2 $230,000 $115,000 $3,682 5.31%
ABILENE, TX (FHA|USDA|VA) 2 $230,000 $115,000 $4,387 4.94%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $225,000 $225,000 $9,266 4.25%
MERCED, CA (FHA|USDA|VA) 1 $225,000 $225,000 $2,483 5.75%
Roseburg, OR (FHA|USDA|VA) 1 $205,000 $205,000 $13,169 5.75%
Brookings, OR (FHA|USDA|VA) 1 $205,000 $205,000 $6,608 6.25%
Centralia, WA (FHA|USDA|VA) 1 $205,000 $205,000 $8,888 5.50%
Los Alamos, NM (FHA|USDA|VA) 1 $195,000 $195,000 $6,930 5.13%
CORVALLIS, OR (FHA|USDA|VA) 1 $195,000 $195,000 $4,704 4.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,571 5.50%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $190,000 $95,000 $4,878 6.06%
Brenham, TX (FHA|USDA|VA) 1 $185,000 $185,000 $9,516 5.25%
WENATCHEE, WA (FHA|USDA|VA) 1 $185,000 $185,000 $4,450 4.50%
VISALIA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $4,918 4.63%
Kerrville, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,354 5.75%
Bonham, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,984 5.63%
Lewisburg, TN (FHA|USDA|VA) 1 $175,000 $175,000 $5,924 4.63%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $175,000 $175,000 $6,889 4.38%
THE VILLAGES, FL (FHA|USDA|VA) 1 $175,000 $175,000 $8,484 4.99%
Palatka, FL (FHA|USDA|VA) 1 $165,000 $165,000 $8,249 4.63%
TUCSON, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $3,629 4.63%
LYNCHBURG, VA (FHA|USDA|VA) 1 $165,000 $165,000 $5,381 5.63%
Evanston, WY (FHA|USDA|VA) 1 $165,000 $165,000 $10,231 5.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,558 4.99%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,388 5.75%
HARRISONBURG, VA (FHA|USDA|VA) 1 $155,000 $155,000 $6,795 5.50%
Coos Bay, OR (FHA|USDA|VA) 1 $155,000 $155,000 $5,345 5.25%
Snyder, TX (FHA|USDA|VA) 1 $155,000 $155,000 $8,638 5.63%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $155,000 $155,000 $7,234 5.00%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $150,000 $75,000 $4,718 5.69%
TYLER, TX (FHA|USDA|VA) 1 $145,000 $145,000 $5,847 5.75%
Moscow, ID (FHA|USDA|VA) 1 $145,000 $145,000 $2,466 5.25%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $145,000 $145,000 $5,295 5.63%
Auburn, IN (FHA|USDA|VA) 1 $145,000 $145,000 $5,313 5.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,246 4.50%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $145,000 $145,000 $4,457 5.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,807 6.23%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,120 5.75%
ODESSA, TX (FHA|USDA|VA) 1 $135,000 $135,000 $7,541 6.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,415 4.75%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $135,000 $135,000 $5,895 6.25%
Jacksonville, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,043 5.25%
ROCKFORD, IL (FHA|USDA|VA) 1 $135,000 $135,000 $9,572 4.50%
CHEYENNE, WY (FHA|USDA|VA) 1 $125,000 $125,000 $2,732 5.00%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $125,000 $125,000 $4,432 5.63%
Hailey, ID (FHA|USDA|VA) 1 $125,000 $125,000 $6,072 5.13%
Astoria, OR (FHA|USDA|VA) 1 $125,000 $125,000 $7,523 5.50%
Hereford, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,420 6.50%
OCALA, FL (FHA|USDA|VA) 1 $115,000 $115,000 $5,302 4.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,118 4.50%
Union City, TN (FHA|USDA|VA) 1 $105,000 $105,000 $4,719 5.00%
Danville, VA (FHA|USDA|VA) 1 $105,000 $105,000 $6,414 4.75%
Crescent City, CA (FHA|USDA|VA) 1 $105,000 $105,000 $4,109 5.38%
McMinnville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $3,410 5.75%
Big Stone Gap, VA (FHA|USDA|VA) 1 $105,000 $105,000 $5,213 6.25%
EspaƱola, NM (FHA|USDA|VA) 1 $95,000 $95,000 $5,079 5.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $95,000 $95,000 $3,236 5.13%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $95,000 $95,000 $6,325 4.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $95,000 $95,000 $4,524 4.75%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $95,000 $95,000 $4,322 5.13%
Gallup, NM (FHA|USDA|VA) 1 $95,000 $95,000 $3,308 6.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $85,000 $85,000 $4,664 5.12%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,329 5.74%
Blackfoot, ID (FHA|USDA|VA) 1 $85,000 $85,000 $5,383 4.99%
Deming, NM (FHA|USDA|VA) 1 $85,000 $85,000 $3,843 5.00%
Roswell, NM (FHA|USDA|VA) 1 $85,000 $85,000 $3,065 5.13%
Hobbs, NM (FHA|USDA|VA) 1 $85,000 $85,000 $6,533 4.75%
Alice, TX (FHA|USDA|VA) 1 $85,000 $85,000 $5,257 6.25%
Clovis, NM (FHA|USDA|VA) 1 $75,000 $75,000 $6,255 5.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,522 6.25%
MORRISTOWN, TN (FHA|USDA|VA) 1 $65,000 $65,000 $4,215 6.74%
Cookeville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $3,881 5.75%
Ranlife's top markets include Salt Lake City, Ogden, Provo, St. George, and Heber among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 840 $173,800,000 $206,905 $4,802 5.46%
    FHA 530 $117,030,000 $220,811 $8,767 5.03%
    VA 89 $22,535,000 $253,202 $8,151 4.87%
    USDA 51 $9,155,000 $179,510 $6,326 4.88%

    For 2018, Ranlife's most frequently originated type of loan was Conventional, with 840 originations. Their 2nd most popular type was FHA, with 530 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 906 $214,470,000 $236,722 $7,259 5.09%
    Cash Out Refi 278 $62,980,000 $226,547 $6,697 5.07%
    Refi 177 $42,775,000 $241,667 $6,867 4.62%
    Other 148 $1,840,000 $12,432 $408 7.39%
    Home Improvement 1 $455,000 $455,000 $0 6.67%

    For 2018, Ranlife's most frequently cited loan purpose was Home Purchase, with 906 originations. The 2nd most popular reason was Cash Out Refi, with 278 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,452 $311,280,000 $214,380 $6,520 5.27%
    15 Year 26 $4,670,000 $179,615 $4,390 4.31%
    20 Year 24 $4,630,000 $192,917 $4,652 5.13%
    Other 6 $1,730,000 $288,333 $5,381 6.01%
    10 Year 2 $210,000 $105,000 $3,682 4.63%

    For 2018, Ranlife's most frequently cited loan duration was 30 Year, with 1,452 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 546 $123,200,000 $225,641
    $2k-3k 243 $49,535,000 $203,848
    $5k+ 205 $62,175,000 $303,293
    $3k-4k 183 $40,675,000 $222,268
    $<1k 167 $6,865,000 $41,108
    $4k-5k 165 $40,065,000 $242,818

    Ranlife's average total fees were $6,520, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 546 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 641 $159,175,000 $248,323
    5-6% 594 $132,710,000 $223,418
    7-8% 125 $1,555,000 $12,440
    6-7% 76 $9,960,000 $131,053
    3-4% 71 $18,185,000 $256,127
    2.5-3% 3 $935,000 $311,667

    During 2018, Ranlife's average interest rate for loans was 5.27%, while their most frequently originated rate bucket for loans was 4-5%, with 641 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 778 $211,370,000 $271,684 $7,976 4.97%
    $100k-200k 437 $67,835,000 $155,229 $5,616 5.07%
    $100,000 or less 218 $7,410,000 $33,991 $1,666 6.77%
    $400k-600k 71 $32,165,000 $453,028 $9,058 4.90%
    $600k-1MM 6 $3,740,000 $623,333 $10,077 4.81%

    2018 saw Ranlife place emphasis on $200k-400k loans with 778 originations, totaling $211,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 579 $113,105,000 $195,345 $6,355 5.41%
    $50k or less 392 $59,010,000 $150,536 $5,405 5.22%
    $75k-100k 294 $71,520,000 $243,265 $7,091 5.24%
    $100k-150k 166 $51,980,000 $313,133 $7,683 4.96%
    $150k-250k 59 $20,235,000 $342,966 $7,626 4.94%
    $250k+ 18 $6,100,000 $338,889 $6,115 4.98%

    Ranlife lent most frequently to those with incomes in the $50k-75k range, with 579 originations. The second most popular income band? $50k or less, with 392 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 263 $56,545,000 $215,000 $8,189 5.12%
    30-36% 196 $41,350,000 $210,969 $5,746 5.22%
    20-30% 124 $24,340,000 $196,290 $5,871 5.07%
    49% 97 $22,715,000 $234,175 $6,796 5.32%
    44% 79 $17,355,000 $219,684 $6,100 5.51%
    45% 78 $16,250,000 $208,333 $6,447 5.35%
    48% 72 $15,990,000 $222,083 $6,101 5.28%
    47% 69 $16,655,000 $241,377 $6,338 5.13%
    41% 64 $13,040,000 $203,750 $5,322 5.60%
    46% 64 $13,600,000 $212,500 $5,878 5.38%
    42% 63 $13,285,000 $210,873 $5,707 5.39%
    43% 59 $12,835,000 $217,542 $6,932 5.40%
    38% 54 $11,170,000 $206,852 $6,316 5.33%
    36% 51 $10,645,000 $208,725 $5,805 5.29%
    39% 49 $9,225,000 $188,265 $5,775 5.37%
    37% 44 $9,170,000 $208,409 $5,961 5.21%
    40% 43 $9,705,000 $225,698 $6,748 5.23%
    <20% 35 $7,135,000 $203,857 $5,932 4.81%
    >60% 6 $1,510,000 $251,667 $6,430 4.96%

    Ranlife lent most frequently to those with DTI ratios of 50-60%, with 263 originations. The next most common DTI ratio? 30-36%, with 196 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,052 $223,610,000 $212,557 $6,393 5.23%
    Not provided 372 $80,290,000 $215,833 $6,265 5.31%
    Black 39 $8,325,000 $213,462 $8,073 5.33%
    Asian 15 $4,115,000 $274,333 $8,461 5.31%
    Native Hawaiian or Islander 17 $3,775,000 $222,059 $7,904 5.38%
    American Indian 15 $2,405,000 $160,333 $6,786 5.39%

    Approval Rates

    Total approvals of all applications
    93.28%

    Ranlife has an average approval rate.

    Pick Rate

    Approvals leading to origination
    43.64%

    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 1,510 $322,520,000 $213,589

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 73 $11,145,000 $152,671
    Single Family (1-4 Units):Site-Built 1,437 $311,375,000 $216,684

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,685,000 $153,182 $3,540 4.63%
    40-60% 47 $10,255,000 $218,191 $5,197 4.92%
    60-80% 269 $62,185,000 $231,171 $5,675 5.05%
    80-100% 1,015 $240,795,000 $237,236 $7,504 5.03%
    Over 100% 20 $5,760,000 $288,000 $11,740 4.80%
    Under 20% 148 $1,840,000 $12,432 $408 7.39%