Residential Bancorp Mortgage Rates, Fees & Info

CANTON, OH

LEI: 549300XCVBRR56D08F03

Tax ID: 34-1633105

1 stars - Updated: 2/19/24 - out of 5 stars, based on 68 reviews

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

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Mortgage Data

Review & Overview

Residential Bancorp is a small mortgage company specializing in Cash Out Refi and Home Purchase loans. Residential Bancorp 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: Los Angeles, Riverside, Las Vegas, Bakersfield, and Phoenix among others. We have data for 353 markets. (Some data included below & more in-depth data is available with an active subscription.)

Residential Bancorp has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Residential Bancorp 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) 6.27% 2/19/24
30 Year Conventional Purchase 6.49% 2/19/24
30 Year Conventional Refi 6.54% 2/19/24
30 Year Cash-out Refi 6.70% 2/19/24
30 Year FHA Purchase 7.47% 2/19/24
30 Year FHA Refi 7.06% 2/19/24
30 Year VA Purchase 6.48% 2/19/24
30 Year VA Refi 5.68% 2/19/24
30 Year USDA Purchase 6.97% 2/19/24
15 Year Conventional Purchase 6.23% 2/19/24
15 Year Conventional Refi 5.85% 2/19/24
15 Year Cash-out Refi 5.85% 2/19/24
15 Year FHA Refi 6.90% 2/19/24
15 Year VA Refi 5.68% 2/19/24
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.

Residential Bancorp Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Residential Bancorp. 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

4,688

Origination Dollar Volume (All Markets)

$1,488,740,000
Show all (13) awards

Relative Rate

Residential Bancorp's average 30 year fixed mortgage rate was 4.82%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.06%.

Relative Fees (Closing Costs)

Residential Bancorp's average total fees/closing costs for a 30 year fixed rate mortgage were $10,511.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 572 $280,990,000 $491,241 $14,032 4.58%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 552 $203,000,000 $367,754 $13,088 4.73%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 315 $97,585,000 $309,794 $10,244 4.85%
BAKERSFIELD, CA (FHA|USDA|VA) 195 $54,915,000 $281,615 $11,244 4.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 172 $48,230,000 $280,407 $9,293 4.89%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 83 $38,755,000 $466,928 $13,762 4.31%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 64 $31,790,000 $496,719 $11,726 4.68%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 93 $27,725,000 $298,118 $9,760 5.44%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 75 $25,465,000 $339,533 $8,771 4.32%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 91 $25,105,000 $275,879 $8,959 4.52%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 74 $24,700,000 $333,784 $7,580 4.55%
Outside of Metro Areas 92 $23,380,000 $254,130 $8,815 4.37%
MODESTO, CA (FHA|USDA|VA) 64 $21,890,000 $342,031 $11,233 4.97%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 59 $20,765,000 $351,949 $9,392 4.88%
VISALIA, CA (FHA|USDA|VA) 91 $19,985,000 $219,615 $9,844 4.20%
ANCHORAGE, AK (FHA|USDA|VA) 52 $18,290,000 $351,731 $9,821 5.52%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 64 $17,570,000 $274,531 $7,113 4.09%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 72 $16,780,000 $233,056 $8,004 5.15%
MERCED, CA (FHA|USDA|VA) 57 $16,535,000 $290,088 $10,866 4.56%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 40 $14,740,000 $368,500 $10,697 4.72%
STOCKTON, CA (FHA|USDA|VA) 43 $13,785,000 $320,581 $10,364 4.72%
SALINAS, CA (FHA|USDA|VA) 26 $12,560,000 $483,077 $15,758 5.04%
FRESNO, CA (FHA|USDA|VA) 45 $12,475,000 $277,222 $9,000 4.88%
TUCSON, AZ (FHA|USDA|VA) 47 $12,325,000 $262,234 $8,540 4.92%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 45 $12,195,000 $271,000 $8,189 4.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 47 $10,725,000 $228,191 $7,547 4.95%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 38 $10,520,000 $276,842 $11,141 5.06%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 39 $10,185,000 $261,154 $6,573 4.36%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 32 $9,910,000 $309,688 $7,252 3.93%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 19 $9,695,000 $510,263 $15,959 4.96%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 39 $8,475,000 $217,308 $5,834 4.50%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 29 $7,995,000 $275,690 $12,218 5.02%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 14 $7,760,000 $554,286 $17,001 5.36%
RENO, NV (FHA|USDA|VA) 19 $7,255,000 $381,842 $13,986 5.28%
YUMA, AZ (FHA|USDA|VA) 31 $6,275,000 $202,419 $9,097 5.10%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 21 $6,185,000 $294,524 $6,735 4.38%
VALLEJO, CA (FHA|USDA|VA) 15 $5,915,000 $394,333 $11,975 4.23%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 23 $5,745,000 $249,783 $6,930 4.94%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 12 $5,630,000 $469,167 $13,629 5.74%
Ketchikan, AK (FHA|USDA|VA) 14 $5,300,000 $378,571 $12,537 5.53%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 22 $5,150,000 $234,091 $6,582 4.34%
JACKSONVILLE, FL (FHA|USDA|VA) 20 $5,130,000 $256,500 $8,190 4.24%
RALEIGH-CARY, NC (FHA|USDA|VA) 16 $4,970,000 $310,625 $7,100 4.08%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 21 $4,695,000 $223,571 $6,085 4.52%
PORT ST. LUCIE, FL (FHA|USDA|VA) 16 $4,640,000 $290,000 $9,788 4.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 20 $4,580,000 $229,000 $7,616 5.53%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 15 $4,275,000 $285,000 $10,452 4.76%
ALBUQUERQUE, NM (FHA|USDA|VA) 17 $4,075,000 $239,706 $6,924 4.68%
CANTON-MASSILLON, OH (FHA|USDA|VA) 22 $3,920,000 $178,182 $6,508 5.16%
MADERA, CA (FHA|USDA|VA) 17 $3,865,000 $227,353 $7,609 4.70%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 19 $3,785,000 $199,211 $5,818 4.35%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 12 $3,780,000 $315,000 $8,441 3.99%
RICHMOND, VA (FHA|USDA|VA) 18 $3,770,000 $209,444 $6,832 4.67%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 17 $3,715,000 $218,529 $6,647 4.92%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 8 $3,540,000 $442,500 $15,250 5.45%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 13 $3,385,000 $260,385 $7,430 4.85%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 5 $3,365,000 $673,000 $11,108 5.60%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 8 $3,180,000 $397,500 $8,500 4.34%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 11 $3,155,000 $286,818 $5,479 3.84%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 15 $3,095,000 $206,333 $5,823 4.30%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 13 $2,965,000 $228,077 $7,860 4.23%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 14 $2,950,000 $210,714 $8,328 4.89%
COLUMBUS, OH (FHA|USDA|VA) 15 $2,885,000 $192,333 $5,952 4.44%
Pahrump, NV (FHA|USDA|VA) 11 $2,815,000 $255,909 $8,679 5.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 15 $2,775,000 $185,000 $6,762 5.82%
COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $2,685,000 $383,571 $11,067 5.52%
GREELEY, CO (FHA|USDA|VA) 8 $2,640,000 $330,000 $7,745 5.28%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 15 $2,605,000 $173,667 $8,917 4.78%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 10 $2,580,000 $258,000 $8,665 4.44%
CHICO, CA (FHA|USDA|VA) 8 $2,560,000 $320,000 $8,017 4.78%
OKLAHOMA CITY, OK (FHA|USDA|VA) 12 $2,430,000 $202,500 $5,492 4.03%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 12 $2,410,000 $200,833 $7,265 5.82%
COLUMBIA, SC (FHA|USDA|VA) 13 $2,345,000 $180,385 $7,185 4.98%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 9 $2,345,000 $260,556 $6,925 3.94%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 10 $2,310,000 $231,000 $5,386 3.68%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 10 $2,280,000 $228,000 $9,415 4.89%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 13 $2,275,000 $175,000 $6,043 3.34%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 13 $2,275,000 $175,000 $5,552 4.53%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 8 $2,250,000 $281,250 $7,559 3.90%
PITTSBURGH, PA (FHA|USDA|VA) 10 $2,210,000 $221,000 $7,375 3.36%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 10 $2,130,000 $213,000 $6,103 4.39%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $2,120,000 $353,333 $7,172 4.68%
REDDING, CA (FHA|USDA|VA) 7 $2,045,000 $292,143 $8,641 5.18%
KANSAS CITY, MO-KS (FHA|USDA|VA) 7 $2,035,000 $290,714 $9,001 5.07%
Crescent City, CA (FHA|USDA|VA) 7 $1,985,000 $283,571 $6,934 5.52%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 8 $1,950,000 $243,750 $7,413 5.09%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 9 $1,895,000 $210,556 $5,742 3.54%
YUBA CITY, CA (FHA|USDA|VA) 11 $1,865,000 $169,545 $10,077 2.62%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 9 $1,845,000 $205,000 $6,502 5.65%
BECKLEY, WV (FHA|USDA|VA) 1 $1,845,000 $1,845,000 $51,236 4.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 7 $1,785,000 $255,000 $7,906 4.18%
Truckee-Grass Valley, CA (FHA|USDA|VA) 5 $1,755,000 $351,000 $7,642 3.40%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 7 $1,745,000 $249,286 $8,313 3.77%
PANAMA CITY, FL (FHA|USDA|VA) 5 $1,725,000 $345,000 $8,948 7.70%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 5 $1,655,000 $331,000 $7,174 4.40%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 7 $1,645,000 $235,000 $8,684 5.05%
AKRON, OH (FHA|USDA|VA) 10 $1,630,000 $163,000 $5,738 5.30%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 10 $1,610,000 $161,000 $6,163 5.10%
EL CENTRO, CA (FHA|USDA|VA) 9 $1,605,000 $178,333 $11,239 2.68%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $1,575,000 $225,000 $7,412 4.05%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 7 $1,475,000 $210,714 $6,475 4.12%
KNOXVILLE, TN (FHA|USDA|VA) 6 $1,420,000 $236,667 $5,438 4.10%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 5 $1,415,000 $283,000 $7,964 3.52%
Sevierville, TN (FHA|USDA|VA) 4 $1,410,000 $352,500 $6,207 5.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $1,405,000 $281,000 $9,062 3.85%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 3 $1,385,000 $461,667 $11,396 3.83%
WINSTON-SALEM, NC (FHA|USDA|VA) 6 $1,360,000 $226,667 $6,569 4.42%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 7 $1,325,000 $189,286 $5,938 3.13%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 7 $1,325,000 $189,286 $4,322 3.39%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $1,305,000 $186,429 $4,532 4.71%
OCALA, FL (FHA|USDA|VA) 6 $1,280,000 $213,333 $9,575 4.58%
SALISBURY, MD-DE (FHA|USDA|VA) 5 $1,235,000 $247,000 $4,271 3.47%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 7 $1,185,000 $169,286 $5,940 4.57%
ASHEVILLE, NC (FHA|USDA|VA) 3 $1,105,000 $368,333 $9,838 4.96%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $1,070,000 $178,333 $6,759 4.75%
WILMINGTON, NC (FHA|USDA|VA) 4 $1,070,000 $267,500 $5,062 5.53%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 5 $1,045,000 $209,000 $6,795 3.92%
BATON ROUGE, LA (FHA|USDA|VA) 5 $1,035,000 $207,000 $6,980 3.00%
HUNTSVILLE, AL (FHA|USDA|VA) 7 $1,035,000 $147,857 $5,266 4.59%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 5 $1,025,000 $205,000 $5,291 3.74%
SPARTANBURG, SC (FHA|USDA|VA) 5 $1,005,000 $201,000 $6,625 4.72%
Fernley, NV (FHA|USDA|VA) 3 $975,000 $325,000 $8,469 5.38%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $965,000 $321,667 $5,988 4.04%
Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $955,000 $318,333 $13,894 2.62%
LAS CRUCES, NM (FHA|USDA|VA) 4 $950,000 $237,500 $9,338 4.31%
NAPA, CA (FHA|USDA|VA) 2 $950,000 $475,000 $9,982 3.06%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 4 $950,000 $237,500 $8,426 5.25%
READING, PA (FHA|USDA|VA) 5 $945,000 $189,000 $7,219 4.10%
SALEM, OR (FHA|USDA|VA) 3 $935,000 $311,667 $21,887 5.13%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $925,000 $308,333 $8,736 5.79%
FORT COLLINS, CO (FHA|USDA|VA) 3 $885,000 $295,000 $13,884 3.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $880,000 $220,000 $6,866 5.78%
Ukiah, CA (FHA|USDA|VA) 2 $860,000 $430,000 $8,656 6.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 5 $855,000 $171,000 $7,141 4.47%
CHEYENNE, WY (FHA|USDA|VA) 3 $845,000 $281,667 $4,886 2.91%
APPLETON, WI (FHA|USDA|VA) 4 $840,000 $210,000 $4,618 4.37%
FORT SMITH, AR-OK (FHA|USDA|VA) 3 $835,000 $278,333 $4,888 3.79%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 4 $830,000 $207,500 $4,516 5.38%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $825,000 $165,000 $6,231 3.95%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $810,000 $202,500 $6,862 3.00%
BISMARCK, ND (FHA|USDA|VA) 2 $810,000 $405,000 $11,608 8.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $805,000 $161,000 $4,541 5.10%
PUEBLO, CO (FHA|USDA|VA) 3 $795,000 $265,000 $10,219 5.63%
SANTA FE, NM (FHA|USDA|VA) 3 $785,000 $261,667 $8,588 3.46%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $770,000 $192,500 $8,778 4.25%
Easton, MD (FHA|USDA|VA) 1 $765,000 $765,000 $17,816 3.38%
Eureka-Arcata, CA (FHA|USDA|VA) 4 $760,000 $190,000 $7,000 5.81%
LANCASTER, PA (FHA|USDA|VA) 3 $745,000 $248,333 $7,313 3.54%
SAVANNAH, GA (FHA|USDA|VA) 3 $735,000 $245,000 $5,030 4.92%
ROANOKE, VA (FHA|USDA|VA) 4 $730,000 $182,500 $9,001 4.75%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $725,000 $241,667 $12,302 6.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $720,000 $180,000 $5,491 5.69%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $695,000 $231,667 $8,059 4.33%
Clovis, NM (FHA|USDA|VA) 3 $695,000 $231,667 $7,873 5.46%
Forest City, NC (FHA|USDA|VA) 2 $680,000 $340,000 $5,403 4.18%
Granbury, TX (FHA|USDA|VA) 2 $680,000 $340,000 $10,711 5.06%
DOVER, DE (FHA|USDA|VA) 3 $675,000 $225,000 $7,056 3.37%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $675,000 $225,000 $4,558 4.37%
MONTGOMERY, AL (FHA|USDA|VA) 4 $670,000 $167,500 $5,604 3.84%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $670,000 $167,500 $6,468 6.34%
GREEN BAY, WI (FHA|USDA|VA) 5 $665,000 $133,000 $7,622 6.37%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $640,000 $320,000 $12,281 5.50%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $640,000 $160,000 $5,961 3.53%
ANN ARBOR, MI (FHA|USDA|VA) 2 $640,000 $320,000 $8,135 7.13%
BURLINGTON, NC (FHA|USDA|VA) 3 $635,000 $211,667 $7,606 4.29%
TULSA, OK (FHA|USDA|VA) 4 $630,000 $157,500 $7,266 3.69%
LONGVIEW, TX (FHA|USDA|VA) 3 $625,000 $208,333 $5,268 3.79%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 5 $605,000 $121,000 $6,197 6.30%
Salem, OH (FHA|USDA|VA) 5 $595,000 $119,000 $6,565 4.75%
TOLEDO, OH (FHA|USDA|VA) 5 $585,000 $117,000 $7,212 4.70%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $580,000 $290,000 $4,541 3.75%
VALDOSTA, GA (FHA|USDA|VA) 2 $580,000 $290,000 $4,698 3.50%
FLINT, MI (FHA|USDA|VA) 3 $575,000 $191,667 $8,674 6.00%
BOULDER, CO (FHA|USDA|VA) 1 $565,000 $565,000 $9,740 9.88%
STAUNTON, VA (FHA|USDA|VA) 3 $565,000 $188,333 $4,237 2.58%
Roseburg, OR (FHA|USDA|VA) 2 $560,000 $280,000 $11,214 6.19%
GRAND JUNCTION, CO (FHA|USDA|VA) 3 $555,000 $185,000 $3,154 4.37%
Red Bluff, CA (FHA|USDA|VA) 2 $550,000 $275,000 $11,518 4.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $530,000 $265,000 $3,794 3.68%
Bozeman, MT (FHA|USDA|VA) 2 $520,000 $260,000 $6,369 3.12%
WACO, TX (FHA|USDA|VA) 3 $515,000 $171,667 $6,313 6.21%
RAPID CITY, SD (FHA|USDA|VA) 1 $505,000 $505,000 $14,744 5.50%
CARSON CITY, NV (FHA|USDA|VA) 2 $500,000 $250,000 $10,709 4.94%
MADISON, WI (FHA|USDA|VA) 2 $500,000 $250,000 $4,997 5.06%
TOPEKA, KS (FHA|USDA|VA) 3 $495,000 $165,000 $6,951 4.46%
LOUISVILLE, KY (FHA|USDA|VA) 4 $490,000 $122,500 $4,075 4.12%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $490,000 $245,000 $10,802 4.37%
Clewiston, FL (FHA|USDA|VA) 1 $475,000 $475,000 $8,307 4.75%
BILLINGS, MT (FHA|USDA|VA) 2 $470,000 $235,000 $3,784 3.06%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 5 $455,000 $91,000 $5,242 3.05%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $455,000 $455,000 $10,193 6.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $445,000 $445,000 $3,581 2.75%
BRUNSWICK, GA (FHA|USDA|VA) 3 $445,000 $148,333 $3,811 6.29%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $435,000 $435,000 $5,122 6.63%
YAKIMA, WA (FHA|USDA|VA) 1 $435,000 $435,000 $13,635 4.99%
Spirit Lake, IA (FHA|USDA|VA) 2 $430,000 $215,000 $3,615 4.63%
HATTIESBURG, MS (FHA|USDA|VA) 2 $430,000 $215,000 $3,480 3.93%
ALBANY, GA (FHA|USDA|VA) 3 $425,000 $141,667 $4,654 3.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $425,000 $141,667 $4,542 3.16%
Clearlake, CA (FHA|USDA|VA) 3 $425,000 $141,667 $11,858 6.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $410,000 $205,000 $5,069 3.06%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $405,000 $405,000 $11,565 4.38%
Port Angeles, WA (FHA|USDA|VA) 3 $405,000 $135,000 $3,681 3.62%
LAWRENCE, KS (FHA|USDA|VA) 1 $405,000 $405,000 $3,335 3.25%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $400,000 $200,000 $5,767 3.69%
DOTHAN, AL (FHA|USDA|VA) 2 $400,000 $200,000 $6,215 3.88%
Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $400,000 $200,000 $8,737 3.68%
Prineville, OR (FHA|USDA|VA) 1 $395,000 $395,000 $28,459 5.25%
Kalispell, MT (FHA|USDA|VA) 1 $395,000 $395,000 $2,640 3.50%
Ottawa, KS (FHA|USDA|VA) 1 $395,000 $395,000 $6,777 2.99%
Jefferson, GA (FHA|USDA|VA) 1 $395,000 $395,000 $21,616 6.25%
FARMINGTON, NM (FHA|USDA|VA) 2 $390,000 $195,000 $9,096 4.81%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $390,000 $195,000 $9,259 5.12%
Cookeville, TN (FHA|USDA|VA) 2 $380,000 $190,000 $7,507 5.88%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $360,000 $180,000 $6,240 3.63%
Traverse City, MI (FHA|USDA|VA) 1 $355,000 $355,000 $3,460 2.25%
Sonora, CA (FHA|USDA|VA) 1 $355,000 $355,000 $11,519 4.13%
Elko, NV (FHA|USDA|VA) 2 $350,000 $175,000 $3,926 3.43%
MOBILE, AL (FHA|USDA|VA) 2 $350,000 $175,000 $7,538 3.88%
GAINESVILLE, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,841 3.50%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,175 3.94%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $335,000 $335,000 $23,486 4.49%
BOISE CITY, ID (FHA|USDA|VA) 1 $335,000 $335,000 $9,676 3.88%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $325,000 $325,000 $8,325 4.75%
Bogalusa, LA (FHA|USDA|VA) 1 $325,000 $325,000 $9,323 9.00%
Lake City, FL (FHA|USDA|VA) 1 $325,000 $325,000 $10,352 4.49%
FLORENCE, SC (FHA|USDA|VA) 1 $325,000 $325,000 $9,297 4.99%
Fallon, NV (FHA|USDA|VA) 2 $320,000 $160,000 $0 5.19%
WICHITA, KS (FHA|USDA|VA) 2 $320,000 $160,000 $2,980 3.87%
Statesboro, GA (FHA|USDA|VA) 2 $320,000 $160,000 $3,310 3.00%
NILES, MI (FHA|USDA|VA) 1 $315,000 $315,000 $4,542 2.99%
Cullman, AL (FHA|USDA|VA) 1 $315,000 $315,000 $4,903 4.25%
Safford, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $3,285 3.88%
Bluefield, WV-VA (FHA|USDA|VA) 1 $305,000 $305,000 $4,451 2.88%
North Wilkesboro, NC (FHA|USDA|VA) 1 $305,000 $305,000 $3,014 4.38%
THE VILLAGES, FL (FHA|USDA|VA) 1 $305,000 $305,000 $8,844 5.25%
MISSOULA, MT (FHA|USDA|VA) 1 $295,000 $295,000 $3,385 3.38%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $295,000 $295,000 $8,410 2.99%
MEDFORD, OR (FHA|USDA|VA) 2 $290,000 $145,000 $6,879 4.13%
HARRISONBURG, VA (FHA|USDA|VA) 1 $285,000 $285,000 $5,033 4.99%
Ruidoso, NM (FHA|USDA|VA) 1 $285,000 $285,000 $3,060 2.99%
Rockport, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,675 3.25%
Pottsville, PA (FHA|USDA|VA) 2 $280,000 $140,000 $5,687 7.25%
Show Low, AZ (FHA|USDA|VA) 2 $280,000 $140,000 $5,653 4.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $280,000 $140,000 $5,762 3.49%
MONROE, LA (FHA|USDA|VA) 1 $275,000 $275,000 $2,455 3.88%
Branson, MO (FHA|USDA|VA) 1 $275,000 $275,000 $9,998 6.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $275,000 $275,000 $11,426 5.63%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $275,000 $275,000 $4,870 4.38%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $275,000 $275,000 $4,420 2.75%
Somerset, PA (FHA|USDA|VA) 1 $265,000 $265,000 $10,979 4.25%
Nogales, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $14,629 4.49%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $265,000 $265,000 $7,400 4.38%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $265,000 $265,000 $11,662 5.25%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $265,000 $265,000 $3,210 3.13%
WALLA WALLA, WA (FHA|USDA|VA) 1 $255,000 $255,000 $7,626 4.75%
SAN ANGELO, TX (FHA|USDA|VA) 1 $255,000 $255,000 $10,223 2.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $250,000 $125,000 $4,568 3.81%
LAFAYETTE, LA (FHA|USDA|VA) 2 $250,000 $125,000 $5,423 4.31%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $245,000 $245,000 $11,073 5.75%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $240,000 $120,000 $6,366 7.38%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $235,000 $235,000 $12,857 3.99%
TYLER, TX (FHA|USDA|VA) 1 $235,000 $235,000 $8,990 4.25%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $225,000 $225,000 $2,555 3.25%
Seneca, SC (FHA|USDA|VA) 1 $225,000 $225,000 $7,646 5.75%
Glenwood Springs, CO (FHA|USDA|VA) 1 $225,000 $225,000 $3,926 2.99%
Albertville, AL (FHA|USDA|VA) 1 $225,000 $225,000 $2,563 2.99%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $225,000 $225,000 $8,956 3.25%
FARGO, ND-MN (FHA|USDA|VA) 1 $225,000 $225,000 $3,895 6.50%
DeRidder, LA (FHA|USDA|VA) 1 $225,000 $225,000 $6,375 2.75%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $220,000 $110,000 $3,544 5.69%
ODESSA, TX (FHA|USDA|VA) 1 $215,000 $215,000 $7,992 2.25%
MORRISTOWN, TN (FHA|USDA|VA) 1 $215,000 $215,000 $10,288 2.38%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $215,000 $215,000 $11,515 5.13%
Marion, OH (FHA|USDA|VA) 1 $205,000 $205,000 $8,271 5.13%
Altus, OK (FHA|USDA|VA) 1 $205,000 $205,000 $5,470 5.75%
Susanville, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
GRANTS PASS, OR (FHA|USDA|VA) 1 $205,000 $205,000 $3,115 2.25%
El Campo, TX (FHA|USDA|VA) 1 $205,000 $205,000 $6,912 3.88%
LaGrange, GA-AL (FHA|USDA|VA) 1 $205,000 $205,000 $7,367 5.25%
Searcy, AR (FHA|USDA|VA) 1 $205,000 $205,000 $9,581 3.63%
Morehead City, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,509 2.38%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $195,000 $195,000 $4,582 4.50%
Milledgeville, GA (FHA|USDA|VA) 1 $195,000 $195,000 $8,086 4.13%
Lumberton, NC (FHA|USDA|VA) 1 $195,000 $195,000 $4,802 3.88%
BANGOR, ME (FHA|USDA|VA) 1 $195,000 $195,000 $4,775 2.75%
Wooster, OH (FHA|USDA|VA) 1 $195,000 $195,000 $7,220 3.75%
Albemarle, NC (FHA|USDA|VA) 1 $195,000 $195,000 $7,233 1.99%
St. Marys, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,490 5.38%
Elizabeth City, NC (FHA|USDA|VA) 1 $185,000 $185,000 $8,220 1.99%
Eagle Pass, TX (FHA|USDA|VA) 1 $185,000 $185,000 $10,583 5.50%
Del Rio, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,085 2.75%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $185,000 $185,000 $2,560 4.99%
KANKAKEE, IL (FHA|USDA|VA) 1 $185,000 $185,000 $8,094 4.63%
Uvalde, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,051 3.99%
Palatka, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,682 2.99%
DALTON, GA (FHA|USDA|VA) 1 $175,000 $175,000 $6,338 5.13%
LYNCHBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $6,889 4.75%
Klamath Falls, OR (FHA|USDA|VA) 1 $175,000 $175,000 $6,861 2.88%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.88%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $175,000 $175,000 $6,437 4.38%
Greenwood, SC (FHA|USDA|VA) 1 $165,000 $165,000 $6,140 3.75%
Kinston, NC (FHA|USDA|VA) 1 $165,000 $165,000 $4,804 2.88%
Centralia, WA (FHA|USDA|VA) 1 $165,000 $165,000 $5,965 7.25%
Harrison, AR (FHA|USDA|VA) 1 $165,000 $165,000 $8,063 5.13%
MONROE, MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Norwalk, OH (FHA|USDA|VA) 1 $165,000 $165,000 $3,190 3.49%
Jesup, GA (FHA|USDA|VA) 1 $165,000 $165,000 $7,353 4.49%
Okeechobee, FL (FHA|USDA|VA) 1 $165,000 $165,000 $5,844 4.99%
Somerset, KY (FHA|USDA|VA) 1 $155,000 $155,000 $4,318 3.88%
Russellville, AR (FHA|USDA|VA) 1 $155,000 $155,000 $4,603 2.99%
Beeville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,935 2.88%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,894 3.99%
Payson, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $6,533 7.88%
ROME, GA (FHA|USDA|VA) 1 $155,000 $155,000 $6,889 5.25%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $155,000 $155,000 $5,381 4.99%
Sturgis, MI (FHA|USDA|VA) 1 $155,000 $155,000 $3,326 2.88%
JONESBORO, AR (FHA|USDA|VA) 1 $145,000 $145,000 $3,490 2.38%
GAINESVILLE, GA (FHA|USDA|VA) 1 $145,000 $145,000 $5,165 4.50%
EL PASO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $5,201 1.99%
DUBUQUE, IA (FHA|USDA|VA) 1 $145,000 $145,000 $4,178 2.88%
Ozark, AL (FHA|USDA|VA) 1 $145,000 $145,000 $4,627 3.13%
LAWTON, OK (FHA|USDA|VA) 1 $145,000 $145,000 $5,517 2.99%
Ludington, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,405 2.75%
Sanford, NC (FHA|USDA|VA) 1 $145,000 $145,000 $4,939 5.88%
Georgetown, SC (FHA|USDA|VA) 1 $135,000 $135,000 $5,248 3.99%
DECATUR, AL (FHA|USDA|VA) 1 $135,000 $135,000 $6,800 3.88%
CASPER, WY (FHA|USDA|VA) 1 $135,000 $135,000 $6,255 8.38%
Cambridge, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,255 4.25%
LINCOLN, NE (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
CLEVELAND, TN (FHA|USDA|VA) 1 $115,000 $115,000 $7,559 4.38%
IOWA CITY, IA (FHA|USDA|VA) 1 $115,000 $115,000 $4,424 1.99%
Torrington, CT (FHA|USDA|VA) 1 $115,000 $115,000 $4,521 1.75%
Batesville, AR (FHA|USDA|VA) 1 $115,000 $115,000 $4,680 4.25%
New Castle, PA (FHA|USDA|VA) 1 $115,000 $115,000 $7,117 3.99%
London, KY (FHA|USDA|VA) 1 $105,000 $105,000 $6,396 4.25%
Montrose, CO (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.50%
ROCKFORD, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,483 3.38%
Rockingham, NC (FHA|USDA|VA) 1 $85,000 $85,000 $5,578 4.99%
Ponca City, OK (FHA|USDA|VA) 1 $85,000 $85,000 $6,137 4.49%
Portsmouth, OH (FHA|USDA|VA) 1 $85,000 $85,000 $5,439 3.75%
Jasper, AL (FHA|USDA|VA) 1 $85,000 $85,000 $4,483 3.49%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.25%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.50%
Peru, IN (FHA|USDA|VA) 1 $75,000 $75,000 $4,023 6.00%
RACINE, WI (FHA|USDA|VA) 1 $75,000 $75,000 $3,399 4.75%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,195 6.50%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $65,000 $65,000 $3,335 3.49%
Lewisburg, PA (FHA|USDA|VA) 1 $65,000 $65,000 $5,814 5.75%
Brainerd, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.50%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.25%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $55,000 $55,000 $4,024 4.38%
SUMTER, SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Residential Bancorp's top markets include Los Angeles, Riverside, Las Vegas, Bakersfield, and Phoenix among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,215 $1,000,415,000 $311,171 $8,004 4.48%
    FHA 1,065 $374,305,000 $351,460 $15,370 4.88%
    VA 263 $98,965,000 $376,293 $11,843 4.25%
    HELOC 141 $14,075,000 $99,823 n/a 7.98%
    USDA 4 $980,000 $245,000 $8,816 5.56%

    For 2022, Residential Bancorp's most frequently originated type of loan was Conventional, with 3,215 originations. Their 2nd most popular type was FHA, with 1,065 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,990 $589,090,000 $296,025 $8,504 4.36%
    Home Purchase 1,949 $724,765,000 $371,865 $13,148 4.95%
    Refi 596 $160,910,000 $269,983 $6,209 3.83%
    Other 152 $13,950,000 $91,776 $2,770 8.26%
    Home Improvement 1 $25,000 $25,000 $1,951 12.13%

    For 2022, Residential Bancorp's most frequently cited loan purpose was Cash Out Refi, with 1,990 originations. The 2nd most popular reason was Home Purchase, with 1,949 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,193 $1,370,115,000 $326,762 $10,511 4.82%
    15 Year 267 $61,945,000 $232,004 $5,479 3.11%
    20 Year 117 $28,115,000 $240,299 $5,950 3.73%
    Other 46 $11,030,000 $239,783 $6,380 2.53%
    10 Year 25 $4,395,000 $175,800 $4,376 3.50%
    3 Year 21 $255,000 $12,143 $0 0.00%
    30+ year 19 $12,885,000 $678,158 $18,523 6.75%

    For 2022, Residential Bancorp's most frequently cited loan duration was 30 Year, with 4,193 originations. The 2nd most popular length was 15 Year, with 267 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,952 $773,520,000 $396,270
    $1k-2k 789 $249,625,000 $316,381
    $3k-4k 527 $132,735,000 $251,869
    $4k-5k 429 $116,765,000 $272,179
    $2k-3k 422 $109,460,000 $259,384
    $<1k 149 $36,055,000 $241,980

    Residential Bancorp's average total fees were $10,511, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,952 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,201 $378,425,000 $315,092
    4-5% 1,002 $342,010,000 $341,327
    5-6% 915 $329,695,000 $360,322
    6-7% 441 $154,035,000 $349,286
    2.5-3% 439 $130,995,000 $298,394
    <2.5% 271 $31,905,000 $117,731
    7-8% 200 $67,040,000 $335,200
    Over 8% 189 $46,915,000 $248,228

    During 2022, Residential Bancorp's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 3-4%, with 1,201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,087 $610,455,000 $292,504 $9,326 4.74%
    $400k-600k 958 $459,710,000 $479,864 $13,508 4.78%
    $100k-200k 940 $147,750,000 $157,181 $5,694 4.52%
    $100,000 or less 370 $16,950,000 $45,811 $4,091 3.89%
    $600k-1MM 306 $214,020,000 $699,412 $17,020 4.99%
    $1MM+ 27 $39,855,000 $1,476,111 $30,965 6.24%

    2022 saw Residential Bancorp place emphasis on $200k-400k loans with 2,087 originations, totaling $610,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,112 $404,700,000 $363,939 $11,488 4.80%
    $50k-75k 1,051 $245,125,000 $233,230 $8,424 4.37%
    $75k-100k 1,050 $307,620,000 $292,971 $10,230 4.51%
    $50k or less 613 $121,965,000 $198,964 $6,488 4.51%
    $150k-250k 573 $256,515,000 $447,670 $12,298 5.01%
    $250k+ 207 $125,065,000 $604,179 $13,953 5.59%

    Residential Bancorp lent most frequently to those with incomes in the $100k-150k range, with 1,112 originations. The second most popular income band? $50k-75k, with 1,051 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 551 $164,105,000 $297,831 $8,507 4.44%
    20-30% 482 $141,440,000 $293,444 $7,690 4.50%
    50-60% 455 $176,635,000 $388,209 $15,712 4.83%
    44% 351 $110,585,000 $315,057 $10,722 4.91%
    49% 343 $127,775,000 $372,522 $11,098 4.99%
    43% 259 $80,075,000 $309,170 $9,154 4.64%
    41% 211 $55,285,000 $262,014 $9,141 4.36%
    40% 202 $50,280,000 $248,911 $8,870 4.28%
    42% 202 $55,870,000 $276,584 $8,256 4.92%
    48% 197 $67,455,000 $342,411 $10,944 4.73%
    45% 196 $64,490,000 $329,031 $10,659 4.58%
    <20% 188 $67,410,000 $358,564 $8,600 5.55%
    47% 177 $60,865,000 $343,870 $10,429 4.60%
    46% 173 $64,935,000 $375,347 $11,410 4.51%
    39% 170 $50,270,000 $295,706 $9,061 4.47%
    38% 145 $36,085,000 $248,862 $8,218 4.37%
    37% 141 $39,545,000 $280,461 $8,784 4.42%
    36% 121 $36,505,000 $301,694 $8,318 4.62%
    >60% 17 $5,835,000 $343,235 $13,768 4.11%

    Residential Bancorp lent most frequently to those with DTI ratios of 30-36%, with 551 originations. The next most common DTI ratio? 20-30%, with 482 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,365 $1,063,175,000 $315,951 $9,796 4.61%
    Not provided 551 $179,205,000 $325,236 $12,174 4.96%
    Black 405 $114,525,000 $282,778 $9,380 4.63%
    Asian 291 $106,675,000 $366,581 $9,844 4.67%
    American Indian 43 $11,605,000 $269,884 $9,575 4.65%
    Native Hawaiian or Islander 21 $7,575,000 $360,714 $12,053 5.03%
    Not applicable 3 $1,485,000 $495,000 $0 6.17%
    Other Asian 2 $1,400,000 $700,000 $19,928 9.31%
    Other Pacific Islander 4 $1,350,000 $337,500 $9,411 4.72%
    Filipino 2 $1,250,000 $625,000 $0 7.13%
    Asian Indian 1 $495,000 $495,000 $16,030 4.63%

    Approval Rates

    Total approvals of all applications
    89.40%

    Residential Bancorp has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -115.98%

    Residential Bancorp 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
    0.0 13 $1,325,000 $101,923
    15393.59 1 $205,000 $205,000
    6444.38 1 $185,000 $185,000
    9715.0 1 $115,000 $115,000
    NA 4,672 $1,486,910,000 $318,260

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,688 $1,488,740,000 $317,564

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 308 $60,680,000 $197,013 $5,790 4.82%
    40-60% 774 $214,810,000 $277,532 $6,959 4.11%
    60-80% 1,652 $550,850,000 $333,444 $9,097 4.65%
    80-100% 1,590 $626,440,000 $393,987 $13,164 5.08%
    Over 100% 31 $16,185,000 $522,097 $22,470 4.77%
    Under 20% 325 $18,225,000 $56,077 $4,222 3.83%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Rocket Mortgage, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 30.8%
    Rocket Mortgage, LLC Conventional home mortgage Closing on a mortgage 1 7.7%
    Rocket Mortgage, LLC Conventional home mortgage Struggling to pay mortgage 1 7.7%
    Rocket Mortgage, LLC Conventional home mortgage Trouble during payment process 3 23.1%
    Rocket Mortgage, LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 15.4%
    Rocket Mortgage, LLC Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 7.7%
    Rocket Mortgage, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.7%