Ranlife Mortgage Rates, Fees & Info

SANDY, UT

LEI: 549300W1HU6IVVIEJ389

Tax ID: 87-0682600

Latest/2023 | 2022 Data | 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% 12/30/24
30 Year Conventional Refi 6.63% 12/30/24
30 Year Cash-out Refi 6.83% 12/30/24
30 Year FHA Purchase 7.47% 12/30/24
30 Year FHA Refi 7.18% 12/30/24
30 Year VA Purchase 6.29% 12/30/24
30 Year VA Refi 5.99% 12/30/24
30 Year USDA Purchase 6.98% 12/30/24
30 Year USDA Refi 6.94% 12/30/24
15 Year Conventional Purchase 6.83% 12/30/24
15 Year Conventional Refi 6.31% 12/30/24
15 Year Cash-out Refi 6.31% 12/30/24
15 Year VA Purchase 6.01% 12/30/24
15 Year VA Refi 5.68% 12/30/24
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

1,094

Origination Dollar Volume (All Markets)

$378,270,000

Awards

RANLIFE VA Loans bronze RANLIFE FHA Loans bronze RANLIFE USDA Loans silver
Show all (3) awards

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%
Ranlife's top markets include Salt Lake City, Ogden, Provo, St. George, and Portland among others.

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

    SAFEAMERICA CREDIT UNION
    Similarity Rank: 54
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 77
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 96
    Cedar Point Federal Credit Union
    Similarity Rank: 370
    Jordan Federal Credit Union
    Similarity Rank: 388
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 429
    State Bank of Southern Utah
    Similarity Rank: 450
    First Credit Union
    Similarity Rank: 450
    Sterling Bank and Trust, FSB
    Similarity Rank: 535

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 723 $256,525,000 $354,806 $7,387 4.86%
    FHA 273 $87,585,000 $320,824 $13,191 4.66%
    VA 70 $28,260,000 $403,714 $12,049 4.48%
    USDA 28 $5,900,000 $210,714 $8,577 4.26%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 666 $241,380,000 $362,432 $9,590 5.01%
    Cash Out Refi 311 $101,745,000 $327,154 $9,101 4.47%
    Refi 108 $34,000,000 $314,815 $7,289 4.07%
    Other 9 $1,145,000 $127,222 $0 6.11%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,017 $361,615,000 $355,570 $9,448 4.81%
    15 Year 47 $12,095,000 $257,340 $5,734 3.81%
    Other 15 $2,445,000 $163,000 $6,479 5.88%
    20 Year 12 $2,100,000 $175,000 $5,699 4.65%
    10 Year 2 $10,000 $5,000 $590 2.50%
    3 Year 1 $5,000 $5,000 $0 0.00%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 403 $164,905,000 $409,194
    $1k-2k 221 $82,495,000 $373,281
    $2k-3k 145 $39,705,000 $273,828
    $3k-4k 138 $40,630,000 $294,420
    $4k-5k 108 $34,590,000 $320,278
    $<1k 49 $5,545,000 $113,163

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 323 $107,045,000 $331,409
    4-5% 273 $98,315,000 $360,128
    5-6% 270 $100,660,000 $372,815
    6-7% 120 $41,710,000 $347,583
    2.5-3% 47 $15,175,000 $322,872
    7-8% 41 $13,095,000 $319,390
    Over 8% 10 $790,000 $79,000
    <2.5% 10 $1,480,000 $148,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 514 $154,370,000 $300,331 $9,104 4.60%
    $400k-600k 297 $142,865,000 $481,027 $11,432 4.91%
    $100k-200k 149 $22,935,000 $153,926 $6,450 4.62%
    $600k-1MM 64 $43,350,000 $677,344 $12,189 4.76%
    $100,000 or less 63 $2,835,000 $45,000 $2,434 5.77%
    $1MM+ 7 $11,915,000 $1,702,143 $13,796 5.61%

    2022 saw Ranlife place emphasis on $200k-400k loans with 514 originations, totaling $154,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 280 $108,420,000 $387,214 $10,203 4.90%
    $50k-75k 272 $72,240,000 $265,588 $8,366 4.47%
    $75k-100k 254 $84,140,000 $331,260 $9,523 4.82%
    $50k or less 130 $32,080,000 $246,769 $6,805 4.78%
    $150k-250k 119 $58,795,000 $494,076 $9,621 5.00%
    $250k+ 34 $20,830,000 $612,647 $11,377 5.00%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 141 $41,315,000 $293,014 $7,928 4.43%
    30-36% 138 $48,470,000 $351,232 $8,520 4.61%
    50-60% 122 $41,160,000 $337,377 $12,968 4.83%
    44% 83 $32,345,000 $389,699 $8,873 4.90%
    41% 65 $23,695,000 $364,538 $8,109 5.03%
    40% 52 $20,300,000 $390,385 $10,180 4.90%
    <20% 51 $18,735,000 $367,353 $6,870 5.22%
    46% 46 $15,840,000 $344,348 $8,541 4.74%
    39% 46 $16,700,000 $363,043 $8,374 4.56%
    43% 46 $16,870,000 $366,739 $8,756 4.96%
    49% 45 $14,785,000 $328,556 $11,020 4.94%
    47% 39 $13,185,000 $338,077 $10,103 4.85%
    45% 39 $13,605,000 $348,846 $10,384 4.97%
    48% 37 $12,935,000 $349,595 $10,826 4.89%
    42% 36 $12,900,000 $358,333 $7,479 4.64%
    38% 34 $10,520,000 $309,412 $7,276 4.63%
    36% 33 $9,335,000 $282,879 $6,910 4.42%
    37% 32 $12,050,000 $376,563 $10,005 4.71%
    >60% 9 $3,525,000 $391,667 $10,519 5.69%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 752 $255,580,000 $339,867 $8,951 4.78%
    Not provided 286 $101,010,000 $353,182 $9,604 4.77%
    Black 29 $9,715,000 $335,000 $11,806 4.73%
    Asian 20 $9,110,000 $455,500 $10,852 4.67%
    Native Hawaiian or Islander 4 $1,710,000 $427,500 $12,213 5.59%
    American Indian 3 $1,145,000 $381,667 $5,487 3.96%

    Approval Rates

    Total approvals of all applications
    94.65%

    Ranlife has an average approval rate.

    Pick Rate

    Approvals leading to origination
    24.59%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,094 $378,270,000 $345,768

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $9,675,000 $225,000 $6,765 4.63%
    40-60% 127 $31,965,000 $251,693 $6,866 4.33%
    60-80% 339 $129,045,000 $380,664 $9,161 4.67%
    80-100% 529 $199,125,000 $376,418 $10,175 4.85%
    Over 100% 15 $6,935,000 $462,333 $21,791 4.72%
    Under 20% 41 $1,525,000 $37,195 $993 6.12%