Residential Bancorp Mortgage Rates, Fees & Info
CANTON, OHLEI: 549300XCVBRR56D08F03
Tax ID: 34-1633105
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Mortgage Data
Review & Overview
Residential Bancorp is a smaller mortgage company specializing in Home Purchase loans. Residential Bancorp 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: Los Angeles, Riverside, Bakersfield, Las Vegas, and Salinas among others. We have data for 206 markets. (Some data included below & more in-depth data is available with an active subscription.)Residential Bancorp 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. 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.49% | 12/16/24 |
| 30 Year Conventional Refi | 6.54% | 12/16/24 |
| 30 Year Cash-out Refi | 6.70% | 12/16/24 |
| 30 Year FHA Purchase | 7.47% | 12/16/24 |
| 30 Year FHA Refi | 7.06% | 12/16/24 |
| 30 Year VA Purchase | 6.48% | 12/16/24 |
| 30 Year VA Refi | 5.68% | 12/16/24 |
| 30 Year USDA Purchase | 6.97% | 12/16/24 |
| 15 Year Conventional Purchase | 6.23% | 12/16/24 |
| 15 Year Conventional Refi | 5.85% | 12/16/24 |
| 15 Year Cash-out Refi | 5.85% | 12/16/24 |
| 15 Year FHA Refi | 6.90% | 12/16/24 |
| 15 Year VA Refi | 5.68% | 12/16/24 |
| 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
1,946Origination Dollar Volume (All Markets)
$638,400,000Awards
RESIDENTIAL BANCORP - 2023
RESIDENTIAL BANCORP is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Residential Bancorp's average 30 year fixed mortgage rate was
6.55%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.07%.
Relative Fees (Closing Costs)
Residential Bancorp's average total fees/closing costs for a 30 year fixed rate
mortgage were $14,391.
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 $9,089.
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) | 221 | $117,685,000 | $532,511 | $20,327 | 6.55% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 175 | $64,965,000 | $371,229 | $16,718 | 6.13% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 177 | $41,565,000 | $234,831 | $14,543 | 5.31% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 95 | $29,845,000 | $314,158 | $13,864 | 6.40% |
| SALINAS, CA (FHA|USDA|VA) | 41 | $21,125,000 | $515,244 | $20,775 | 5.87% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 68 | $20,460,000 | $300,882 | $11,830 | 6.41% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 40 | $18,150,000 | $453,750 | $16,915 | 5.34% |
| MODESTO, CA (FHA|USDA|VA) | 58 | $17,740,000 | $305,862 | $14,942 | 6.01% |
| Outside of Metro Areas | 61 | $15,035,000 | $246,475 | $12,293 | 7.15% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 57 | $13,025,000 | $228,509 | $10,229 | 6.84% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 44 | $12,620,000 | $286,818 | $11,373 | 7.71% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 34 | $12,100,000 | $355,882 | $13,000 | 7.04% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 36 | $11,750,000 | $326,389 | $13,523 | 6.03% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 30 | $11,410,000 | $380,333 | $14,881 | 6.31% |
| MERCED, CA (FHA|USDA|VA) | 37 | $11,245,000 | $303,919 | $13,989 | 5.77% |
| STOCKTON, CA (FHA|USDA|VA) | 31 | $10,695,000 | $345,000 | $16,797 | 5.79% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 30 | $9,090,000 | $303,000 | $11,125 | 7.80% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 26 | $8,980,000 | $345,385 | $14,808 | 6.77% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 21 | $8,595,000 | $409,286 | $14,082 | 7.09% |
| ANCHORAGE, AK (FHA|USDA|VA) | 24 | $8,580,000 | $357,500 | $10,691 | 7.16% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 19 | $7,915,000 | $416,579 | $16,463 | 6.31% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 14 | $6,530,000 | $466,429 | $19,752 | 5.70% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 19 | $6,025,000 | $317,105 | $9,194 | 6.69% |
| TUCSON, AZ (FHA|USDA|VA) | 17 | $5,325,000 | $313,235 | $13,499 | 6.90% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 21 | $5,295,000 | $252,143 | $17,985 | 8.52% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 24 | $5,050,000 | $210,417 | $11,132 | 6.55% |
| MADERA, CA (FHA|USDA|VA) | 15 | $4,955,000 | $330,333 | $17,057 | 6.12% |
| FRESNO, CA (FHA|USDA|VA) | 20 | $4,930,000 | $246,500 | $13,085 | 6.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 14 | $4,690,000 | $335,000 | $11,311 | 6.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 9 | $4,255,000 | $472,778 | $15,134 | 7.39% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $3,790,000 | $315,833 | $14,082 | 7.45% |
| VALLEJO, CA (FHA|USDA|VA) | 9 | $3,495,000 | $388,333 | $15,769 | 7.04% |
| VISALIA, CA (FHA|USDA|VA) | 15 | $3,495,000 | $233,000 | $12,821 | 5.90% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 9 | $3,275,000 | $363,889 | $18,425 | 8.28% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 15 | $2,895,000 | $193,000 | $13,093 | 4.43% |
| NAPA, CA (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $51,697 | 8.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 8 | $2,300,000 | $287,500 | $11,062 | 6.58% |
| Pahrump, NV (FHA|USDA|VA) | 8 | $2,270,000 | $283,750 | $12,819 | 6.45% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $7,694 | 7.84% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $2,110,000 | $211,000 | $8,872 | 6.68% |
| APPLETON, WI (FHA|USDA|VA) | 11 | $1,865,000 | $169,545 | $7,297 | 6.58% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $1,810,000 | $452,500 | $15,443 | 8.66% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $11,607 | 8.56% |
| YUMA, AZ (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $10,485 | 7.60% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $11,855 | 6.81% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $13,377 | 6.72% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $7,622 | 6.34% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $12,872 | 7.98% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 6 | $1,490,000 | $248,333 | $13,463 | 7.73% |
| Ketchikan, AK (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $10,111 | 7.08% |
| GREEN BAY, WI (FHA|USDA|VA) | 8 | $1,480,000 | $185,000 | $5,540 | 7.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $10,851 | 9.53% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $20,300 | 6.47% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $13,506 | 6.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $14,225 | 5.96% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $14,324 | 6.25% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $14,360 | 7.42% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $12,971 | 6.67% |
| Ukiah, CA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $13,872 | 6.28% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $9,939 | 4.48% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $16,988 | 8.55% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $14,453 | 7.37% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $10,913 | 7.84% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $15,199 | 6.62% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $11,978 | 7.38% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $16,435 | 6.69% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $7,156 | 6.36% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $9,362 | 6.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $11,094 | 6.87% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $20,374 | 6.88% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $19,041 | 6.71% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $9,757 | 7.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $8,667 | 8.84% |
| RICHMOND, VA (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $11,408 | 7.07% |
| Durant, OK (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $12,055 | 6.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $14,257 | 7.43% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $4,748 | 6.81% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $5,398 | 6.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $8,495 | 6.58% |
| FOND DU LAC, WI (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $10,500 | 6.45% |
| Ardmore, OK (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $10,588 | 6.72% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $15,902 | 6.00% |
| OCALA, FL (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $12,892 | 7.69% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $21,525 | 7.13% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $10,219 | 7.06% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $11,491 | 8.97% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $18,678 | 7.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $24,284 | 7.63% |
| Quincy, IL-MO (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $8,753 | 7.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $19,036 | 6.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $11,580 | 8.09% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $8,407 | 8.04% |
| Fallon, NV (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,555 | 7.31% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $11,449 | 7.71% |
| Outside of Metro Areas | 1 | $595,000 | $595,000 | $13,186 | 7.63% |
| Duncan, OK (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,694 | 6.94% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,016 | 6.50% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $11,040 | 3.96% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $16,879 | 5.63% |
| CHICO, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $16,101 | 3.50% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $2,759 | 7.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 8.08% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $9,182 | 7.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 9.81% |
| Durango, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $12,350 | 7.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $10,805 | 7.67% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $21,743 | 6.25% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $16,319 | 6.75% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $10,189 | 6.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $11,874 | 6.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $9,132 | 7.93% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $12,522 | 9.44% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $12,500 | 8.75% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $9,141 | 8.58% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,008 | 6.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $10,775 | 9.46% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $19,429 | 9.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $10,665 | 6.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,356 | 7.37% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $17,422 | 5.63% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $12,252 | 5.75% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 7.69% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 8.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $13,625 | 9.31% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $14,648 | 5.50% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $20,263 | 6.75% |
| Nogales, AZ (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,386 | 6.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $9,881 | 7.33% |
| Opelousas, LA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,907 | 7.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $9,607 | 6.50% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,934 | 8.88% |
| Montrose, CO (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 3.75% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,622 | 7.13% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $13,107 | 7.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 10.06% |
| DeRidder, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $19,955 | 6.75% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,893 | 6.25% |
| Helena, MT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 12.75% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $8,542 | 6.25% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,236 | 6.99% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,930 | 9.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,764 | 7.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,539 | 9.38% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $15,932 | 6.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,582 | 6.38% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,807 | 6.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,034 | 7.49% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,881 | 9.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,615 | 7.19% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,058 | 7.13% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,842 | 6.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $12,616 | 9.25% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,316 | 6.63% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,651 | 6.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,459 | 5.75% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,316 | 5.50% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,491 | 7.13% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,921 | 6.25% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $8,378 | 8.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,759 | 8.38% |
| AKRON, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,815 | 7.25% |
| Kingsville, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $9,386 | 3.69% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,382 | 6.49% |
| Albertville, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,882 | 5.75% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,127 | 8.18% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,167 | 5.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,401 | 6.99% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,674 | 6.25% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,035 | 7.50% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,130 | 7.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,981 | 7.25% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,448 | 5.50% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,195 | 6.99% |
| Austin, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $12,900 | 5.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 10.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,511 | 6.63% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.75% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 3.63% |
| RENO, NV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 12.63% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,347 | 6.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,808 | 7.50% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 10.25% |
| SALEM, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 11.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,167 | 7.99% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,598 | 7.99% |
| ERIE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,339 | 7.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,692 | 6.75% |
| Adrian, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.90% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.75% |
| Shelton, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.25% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.50% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.63% |
| Price, UT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.63% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,590 | 7.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.38% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.13% |
| READING, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 11.75% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 12.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 11.75% |
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We use machine learning to identify the top lenders compared against RESIDENTIAL BANCORP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Residential Bancorp's most frequently originated type of loan was Conventional, with 973 originations. Their 2nd most popular type was FHA, with 717 originations.
Loan Reason
For 2023, Residential Bancorp's most frequently cited loan purpose was Home Purchase, with 1,407 originations. The 2nd most popular reason was Cash Out Refi, with 363 originations.
Loan Duration/Length
For 2023, Residential Bancorp's most frequently cited loan duration was 30 Year, with 1,889 originations. The 2nd most popular length was 10 Year, with 22 originations.
Origination Fees/Closing Costs
Residential Bancorp's average total fees were $14,391, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,024 originations.
Interest Rates
During 2023, Residential Bancorp's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 6-7%, with 767 originations.
Loan Sizing
2023 saw Residential Bancorp place emphasis on $200k-400k loans with 791 originations, totaling $237,255,000 in origination value.
Applicant Income
Residential Bancorp lent most frequently to those with incomes in the $100k-150k range, with 602 originations. The second most popular income band? $75k-100k, with 398 originations.
Applicant Debt to Income Ratio
Residential Bancorp lent most frequently to those with DTI ratios of 50-60%, with 295 originations. The next most common DTI ratio? 30-36%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.87%
Residential Bancorp has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-27.49%
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 |
|---|---|---|---|
| 164.95 | 1 | $395,000 | $395,000 |
| 18220.0 | 1 | $155,000 | $155,000 |
| NA | 1,944 | $637,850,000 | $328,112 |