Residential Bancorp Mortgage Rates, Fees & Info

CANTON, OH

LEI: 549300XCVBRR56D08F03

Tax ID: 34-1633105

1 stars - Updated: 5/27/24 - out of 5 stars, based on 44 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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.

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% 5/27/24
30 Year Conventional Purchase 6.49% 5/27/24
30 Year Conventional Refi 6.54% 5/27/24
30 Year Cash-out Refi 6.70% 5/27/24
30 Year FHA Purchase 7.47% 5/27/24
30 Year FHA Refi 7.06% 5/27/24
30 Year VA Purchase 6.48% 5/27/24
30 Year VA Refi 5.68% 5/27/24
30 Year USDA Purchase 6.97% 5/27/24
15 Year Conventional Purchase 6.23% 5/27/24
15 Year Conventional Refi 5.85% 5/27/24
15 Year Cash-out Refi 5.85% 5/27/24
15 Year FHA Refi 6.90% 5/27/24
15 Year VA Refi 5.68% 5/27/24
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

1,946

Origination Dollar Volume (All Markets)

$638,400,000

Awards

RESIDENTIAL BANCORP FHA Loans silver RESIDENTIAL BANCORP 30 Year Conventional Loans bronze
Show all (2) awards

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%
Residential Bancorp's top markets include Los Angeles, Riverside, Bakersfield, Las Vegas, and Salinas among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Similar Lenders

    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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    SYNERGY HOME MORTGAGE, LLC
    Similarity Rank: 92
    MISSION
    Similarity Rank: 93
    PIMA Federal Credit Union
    Similarity Rank: 110
    Educational Employees Credit Union
    Similarity Rank: 154
    VeraBank
    Similarity Rank: 155
    Austin Bank, Texas
    Similarity Rank: 160
    Noble Federal Credit Union
    Similarity Rank: 176
    LBS FINANCIAL
    Similarity Rank: 258

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 973 $305,075,000 $313,541 $11,394 6.15%
    FHA 717 $268,455,000 $374,414 $17,356 6.52%
    VA 146 $54,220,000 $371,370 $13,784 6.48%
    HELOC 105 $9,705,000 $92,429 n/a 10.74%
    USDA 5 $945,000 $189,000 $10,207 6.73%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,407 $496,415,000 $352,818 $14,920 6.06%
    Cash Out Refi 363 $114,945,000 $316,653 $12,733 6.89%
    Other 114 $10,460,000 $91,754 $5,076 10.83%
    Refi 62 $16,580,000 $267,419 $11,125 8.15%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,889 $631,465,000 $334,285 $14,391 6.55%
    10 Year 22 $320,000 $14,545 $4,946 7.73%
    15 Year 14 $1,900,000 $135,714 $7,879 6.55%
    20 Year 7 $1,085,000 $155,000 $7,236 7.39%
    3 Year 6 $70,000 $11,667 $0 0.00%
    30+ year 4 $2,040,000 $510,000 $0 8.53%
    Other 4 $1,520,000 $380,000 $18,256 6.81%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,024 $424,720,000 $414,766
    $<1k 153 $25,015,000 $163,497
    $1k-2k 148 $61,190,000 $413,446
    $4k-5k 137 $35,145,000 $256,533
    $3k-4k 131 $31,625,000 $241,412
    $2k-3k 81 $25,055,000 $309,321

    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

    Loan Rate Originations Total Value Average Loan
    6-7% 767 $288,865,000 $376,617
    7-8% 433 $161,235,000 $372,367
    5-6% 306 $116,050,000 $379,248
    Over 8% 264 $63,900,000 $242,045
    <2.5% 169 $6,555,000 $38,787
    4-5% 4 $1,520,000 $380,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 791 $237,255,000 $299,943 $12,403 6.83%
    $400k-600k 380 $183,430,000 $482,711 $17,364 6.69%
    $100,000 or less 289 $11,875,000 $41,090 $5,789 5.04%
    $100k-200k 269 $41,695,000 $155,000 $7,697 6.92%
    $600k-1MM 197 $139,185,000 $706,523 $22,399 6.85%
    $1MM+ 20 $24,960,000 $1,248,000 $30,747 7.66%

    2023 saw Residential Bancorp place emphasis on $200k-400k loans with 791 originations, totaling $237,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 602 $203,390,000 $337,857 $15,162 6.29%
    $75k-100k 398 $105,410,000 $264,849 $13,771 6.15%
    $50k-75k 337 $68,305,000 $202,685 $10,446 6.40%
    $150k-250k 319 $151,785,000 $475,815 $18,198 6.96%
    $50k or less 127 $21,895,000 $172,402 $8,103 7.02%
    $250k+ 109 $65,145,000 $597,661 $16,542 7.77%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 295 $119,705,000 $405,780 $18,346 6.45%
    30-36% 164 $44,930,000 $273,963 $11,796 6.53%
    49% 164 $63,740,000 $388,659 $14,103 6.91%
    44% 145 $38,955,000 $268,655 $13,203 7.09%
    20-30% 108 $31,670,000 $293,241 $10,313 7.05%
    42% 102 $27,990,000 $274,412 $13,842 5.44%
    48% 100 $36,130,000 $361,300 $13,917 6.73%
    43% 98 $29,820,000 $304,286 $14,934 5.88%
    46% 95 $31,815,000 $334,895 $14,903 6.17%
    47% 92 $30,660,000 $333,261 $13,829 6.11%
    45% 87 $30,165,000 $346,724 $14,493 6.72%
    41% 82 $21,050,000 $256,707 $13,872 5.58%
    39% 78 $21,690,000 $278,077 $14,257 6.33%
    40% 76 $23,880,000 $314,211 $13,096 6.61%
    38% 54 $14,370,000 $266,111 $11,926 7.12%
    <20% 50 $18,570,000 $371,400 $13,501 8.22%
    37% 49 $14,795,000 $301,939 $12,657 6.35%
    36% 42 $12,390,000 $295,000 $12,311 6.61%
    >60% 11 $3,605,000 $327,727 $12,713 6.99%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,193 $383,105,000 $321,127 $13,974 6.67%
    Not provided 396 $138,970,000 $350,934 $15,930 6.31%
    Black 191 $57,705,000 $302,120 $13,336 6.52%
    Asian 126 $44,410,000 $352,460 $13,752 6.40%
    American Indian 29 $9,995,000 $344,655 $13,289 6.88%
    Native Hawaiian or Islander 5 $2,165,000 $433,000 $27,613 7.25%
    Other Asian 3 $1,135,000 $378,333 $19,678 4.63%
    Filipino 3 $915,000 $305,000 $14,557 4.54%

    Approval Rates

    Total approvals of all applications
    95.87%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,946 $638,400,000 $328,058

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 124 $18,420,000 $148,548 $7,619 6.96%
    40-60% 123 $38,125,000 $309,959 $10,637 7.02%
    60-80% 349 $136,345,000 $390,673 $12,894 7.22%
    80-100% 1,065 $422,875,000 $397,066 $15,493 6.66%
    Over 100% 24 $10,240,000 $426,667 $20,493 6.50%
    Under 20% 261 $12,395,000 $47,490 $5,180 4.85%