Residential Bancorp. Mortgage Rates, Fees & Info
CANTON, OHLEI: 549300XCVBRR56D08F03
Tax ID: 34-1633105
2.9 stars
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Residential Bancorp. is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi 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 include Las Vegas, Los Angeles, Riverside, Bakersfield, and Phoenix among others. Residential Bancorp. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Residential Bancorp. is typically a high fee lendor.Originations
5,229Origination Dollar Volume (All Markets)
$1,449,185,000Awards
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RESIDENTIAL BANCORP. - 2021
RESIDENTIAL BANCORP. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Residential Bancorp.'s average 30 year fixed rate mortgage of loans were
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.05%.
Relative Fees
Residential Bancorp.'s average total fees for a 30 year fixed rate
mortgage are $6,971.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 773 | $204,245,000 | $264,224 | $7,593 | 2.97% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 405 | $181,135,000 | $447,247 | $8,007 | 3.05% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 450 | $146,290,000 | $325,089 | $8,440 | 3.01% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 291 | $83,305,000 | $286,271 | $8,663 | 2.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 251 | $61,925,000 | $246,713 | $5,838 | 3.18% |
| VISALIA, CA (FHA|USDA|VA) | 191 | $45,105,000 | $236,152 | $7,122 | 3.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 108 | $35,590,000 | $329,537 | $8,758 | 2.66% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 84 | $35,090,000 | $417,738 | $7,719 | 3.05% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 111 | $33,455,000 | $301,396 | $4,366 | 2.83% |
| TUCSON, AZ (FHA|USDA|VA) | 125 | $30,025,000 | $240,200 | $7,181 | 3.25% |
| FRESNO, CA (FHA|USDA|VA) | 119 | $29,155,000 | $245,000 | $7,436 | 2.83% |
| MERCED, CA (FHA|USDA|VA) | 83 | $24,105,000 | $290,422 | $8,232 | 3.27% |
| ANCHORAGE, AK (FHA|USDA|VA) | 69 | $20,705,000 | $300,072 | $7,622 | 3.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 56 | $18,080,000 | $322,857 | $4,994 | 2.96% |
| Outside of Metro Areas | 77 | $17,665,000 | $229,416 | $4,808 | 2.90% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 41 | $17,145,000 | $418,171 | $5,741 | 2.85% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 68 | $16,990,000 | $249,853 | $5,743 | 2.91% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 66 | $13,680,000 | $207,273 | $3,844 | 2.79% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 53 | $13,655,000 | $257,642 | $6,580 | 2.96% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 52 | $13,100,000 | $251,923 | $5,828 | 2.83% |
| RENO, NV (FHA|USDA|VA) | 42 | $13,010,000 | $309,762 | $9,337 | 3.10% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 51 | $12,505,000 | $245,196 | $5,105 | 2.95% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 57 | $11,495,000 | $201,667 | $3,530 | 2.86% |
| MODESTO, CA (FHA|USDA|VA) | 37 | $11,425,000 | $308,784 | $9,159 | 3.18% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 69 | $10,805,000 | $156,594 | $4,677 | 3.17% |
| YUMA, AZ (FHA|USDA|VA) | 64 | $10,680,000 | $166,875 | $8,012 | 3.25% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 51 | $10,535,000 | $206,569 | $8,969 | 2.68% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 40 | $9,540,000 | $238,500 | $6,761 | 3.01% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 21 | $9,315,000 | $443,571 | $8,642 | 3.29% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 35 | $9,235,000 | $263,857 | $4,074 | 2.92% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 37 | $8,065,000 | $217,973 | $5,170 | 2.90% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 30 | $7,790,000 | $259,667 | $4,179 | 2.85% |
| STOCKTON, CA (FHA|USDA|VA) | 26 | $7,220,000 | $277,692 | $5,681 | 2.91% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 23 | $6,975,000 | $303,261 | $5,000 | 2.91% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 16 | $6,900,000 | $431,250 | $7,382 | 2.84% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 29 | $6,715,000 | $231,552 | $4,145 | 2.91% |
| MADERA, CA (FHA|USDA|VA) | 21 | $5,765,000 | $274,524 | $7,839 | 2.74% |
| COLUMBUS, OH (FHA|USDA|VA) | 23 | $5,335,000 | $231,957 | $3,770 | 2.81% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 26 | $5,130,000 | $197,308 | $4,645 | 2.87% |
| RICHMOND, VA (FHA|USDA|VA) | 22 | $5,030,000 | $228,636 | $3,162 | 2.91% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 15 | $4,785,000 | $319,000 | $5,970 | 2.91% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 18 | $4,290,000 | $238,333 | $3,416 | 2.76% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 16 | $4,090,000 | $255,625 | $6,622 | 2.97% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 16 | $3,960,000 | $247,500 | $3,909 | 2.73% |
| VALLEJO, CA (FHA|USDA|VA) | 10 | $3,710,000 | $371,000 | $6,444 | 2.90% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 17 | $3,705,000 | $217,941 | $4,885 | 2.87% |
| Fernley, NV (FHA|USDA|VA) | 14 | $3,680,000 | $262,857 | $9,793 | 3.03% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 16 | $3,670,000 | $229,375 | $4,500 | 2.91% |
| Pahrump, NV (FHA|USDA|VA) | 17 | $3,645,000 | $214,412 | $6,765 | 2.68% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 15 | $3,645,000 | $243,000 | $5,424 | 2.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 11 | $3,595,000 | $326,818 | $4,213 | 2.95% |
| LONGVIEW, TX (FHA|USDA|VA) | 25 | $3,515,000 | $140,600 | $6,967 | 2.67% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 10 | $3,450,000 | $345,000 | $3,388 | 2.92% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 15 | $3,415,000 | $227,667 | $4,412 | 3.09% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 13 | $3,095,000 | $238,077 | $4,514 | 2.79% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $3,025,000 | $275,000 | $4,272 | 2.76% |
| AKRON, OH (FHA|USDA|VA) | 21 | $2,965,000 | $141,190 | $3,812 | 2.74% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 13 | $2,945,000 | $226,538 | $4,015 | 2.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 15 | $2,925,000 | $195,000 | $3,007 | 2.92% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 11 | $2,895,000 | $263,182 | $5,620 | 3.19% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 13 | $2,815,000 | $216,538 | $5,358 | 2.96% |
| DOVER, DE (FHA|USDA|VA) | 11 | $2,695,000 | $245,000 | $4,658 | 2.90% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 14 | $2,600,000 | $185,714 | $3,762 | 2.92% |
| GREELEY, CO (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $9,323 | 2.28% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 9 | $2,465,000 | $273,889 | $2,852 | 2.73% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 13 | $2,305,000 | $177,308 | $4,623 | 2.82% |
| OCALA, FL (FHA|USDA|VA) | 13 | $2,285,000 | $175,769 | $7,757 | 3.04% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $2,245,000 | $204,091 | $6,020 | 2.94% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 10 | $2,170,000 | $217,000 | $4,170 | 2.81% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 10 | $2,100,000 | $210,000 | $5,468 | 3.05% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 7 | $2,095,000 | $299,286 | $4,719 | 2.73% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 9 | $2,075,000 | $230,556 | $4,851 | 3.15% |
| YUBA CITY, CA (FHA|USDA|VA) | 8 | $2,070,000 | $258,750 | $6,214 | 2.94% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 12 | $2,040,000 | $170,000 | $4,932 | 3.57% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 7 | $2,025,000 | $289,286 | $4,519 | 2.89% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 8 | $1,990,000 | $248,750 | $3,464 | 2.90% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $3,726 | 2.83% |
| SALEM, OR (FHA|USDA|VA) | 7 | $1,975,000 | $282,143 | $6,912 | 2.95% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 9 | $1,955,000 | $217,222 | $4,975 | 2.99% |
| BILLINGS, MT (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $2,692 | 2.78% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 7 | $1,795,000 | $256,429 | $4,713 | 2.87% |
| Ketchikan, AK (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $9,429 | 2.97% |
| BATON ROUGE, LA (FHA|USDA|VA) | 9 | $1,745,000 | $193,889 | $4,446 | 3.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 8 | $1,690,000 | $211,250 | $3,336 | 2.89% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 7 | $1,675,000 | $239,286 | $7,139 | 2.36% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 8 | $1,620,000 | $202,500 | $5,179 | 3.12% |
| MADISON, WI (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $2,469 | 3.12% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 7 | $1,585,000 | $226,429 | $4,801 | 2.84% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $3,980 | 2.81% |
| LAS CRUCES, NM (FHA|USDA|VA) | 8 | $1,560,000 | $195,000 | $4,298 | 2.73% |
| Crescent City, CA (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $8,468 | 3.30% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $3,231 | 2.85% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $3,586 | 3.15% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $5,418 | 2.83% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 7 | $1,405,000 | $200,714 | $3,690 | 2.93% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 7 | $1,405,000 | $200,714 | $3,930 | 2.84% |
| PITTSBURGH, PA (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $4,123 | 2.96% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 8 | $1,320,000 | $165,000 | $4,003 | 3.22% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $3,237 | 3.05% |
| SALINAS, CA (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $5,982 | 2.42% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $7,231 | 3.29% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $8,393 | 2.72% |
| READING, PA (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $5,530 | 2.63% |
| Clearlake, CA (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $9,930 | 2.33% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $3,469 | 2.78% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $4,365 | 2.82% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $3,272 | 3.14% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $3,730 | 2.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $4,744 | 2.96% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $3,830 | 2.94% |
| BEND, OR (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $5,586 | 2.92% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,287 | 3.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $6,203 | 2.48% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $4,290 | 2.87% |
| WACO, TX (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $6,507 | 3.08% |
| Helena, MT (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $5,107 | 2.87% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $3,167 | 2.97% |
| GREAT FALLS, MT (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $2,942 | 2.88% |
| MONROE, MI (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $2,606 | 2.81% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $5,974 | 2.96% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $4,014 | 2.88% |
| FLINT, MI (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $4,494 | 2.75% |
| Kalispell, MT (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,308 | 2.88% |
| STAUNTON, VA (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,963 | 2.78% |
| LAFAYETTE, LA (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $8,542 | 3.19% |
| Laconia, NH (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $3,304 | 2.33% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $4,923 | 2.90% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $3,219 | 2.97% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $6,178 | 3.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $3,227 | 2.94% |
| TOLEDO, OH (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $4,945 | 2.65% |
| CHICO, CA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,452 | 3.04% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $3,856 | 2.81% |
| Outside of Metro Areas | 1 | $785,000 | $785,000 | $14,667 | 3.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $7,193 | 3.31% |
| CHEYENNE, WY (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $7,065 | 2.75% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $2,711 | 2.87% |
| FOND DU LAC, WI (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,455 | 2.83% |
| SAGINAW, MI (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,995 | 2.83% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $3,100 | 2.81% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $6,004 | 2.75% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $9,525 | 3.25% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $5,156 | 3.33% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $9,379 | 3.18% |
| HARRISONBURG, VA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,190 | 2.92% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,513 | 2.75% |
| Fallon, NV (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $8,934 | 3.44% |
| Easton, MD (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,740 | 2.62% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,449 | 3.21% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,282 | 3.41% |
| Wooster, OH (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $4,409 | 3.12% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $4,260 | 2.97% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,110 | 2.92% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,532 | 2.88% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,866 | 3.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,318 | 3.08% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $6,540 | 2.87% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $2,685 | 2.75% |
| Cookeville, TN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,825 | 3.06% |
| NAPA, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,705 | 2.75% |
| TULSA, OK (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,866 | 3.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,886 | 3.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,843 | 2.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,591 | 2.87% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,147 | 2.62% |
| REDDING, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,558 | 2.87% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,234 | 2.81% |
| JONESBORO, AR (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,746 | 2.91% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,875 | 3.19% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,916 | 2.75% |
| FARMINGTON, NM (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $5,688 | 2.75% |
| CARSON CITY, NV (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $1,949 | 3.31% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,114 | 3.33% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,844 | 3.25% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $5,057 | 2.81% |
| Key West, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,979 | 2.68% |
| Clovis, NM (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,433 | 3.31% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,956 | 2.56% |
| Payson, AZ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,610 | 2.75% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,739 | 2.75% |
| TYLER, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $7,995 | 3.06% |
| Sulphur Springs, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,593 | 2.88% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,187 | 3.50% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,573 | 3.38% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,663 | 2.13% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,411 | 3.62% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,203 | 2.99% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,499 | 2.99% |
| RACINE, WI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,626 | 3.12% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,351 | 3.00% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,248 | 2.49% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,005 | 2.63% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,800 | 2.75% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,215 | 3.25% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,589 | 2.75% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,508 | 2.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,077 | 3.06% |
| Mason City, IA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,961 | 2.94% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,573 | 2.81% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,765 | 2.75% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,008 | 2.75% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,898 | 2.56% |
| El Dorado, AR (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,649 | 3.12% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,666 | 2.75% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,980 | 3.18% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,733 | 2.94% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,071 | 2.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,414 | 3.25% |
| Marietta, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,565 | 2.75% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,585 | 2.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,585 | 3.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,332 | 2.69% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,331 | 2.99% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,017 | 2.99% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,585 | 2.13% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,405 | 3.13% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,736 | 2.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,566 | 3.63% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,473 | 2.75% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,583 | 2.63% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,297 | 2.99% |
| TOPEKA, KS (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,398 | 2.87% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,098 | 3.49% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,227 | 2.49% |
| Ruston, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,230 | 2.75% |
| Effingham, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,966 | 2.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,991 | 2.87% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,706 | 2.50% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,405 | 3.25% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,075 | 3.38% |
| Alice, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,498 | 3.38% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,549 | 2.99% |
| Adrian, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,460 | 2.75% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,455 | 2.75% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,523 | 3.38% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,572 | 2.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,505 | 2.88% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,455 | 2.63% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,658 | 1.75% |
| Shelton, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,566 | 2.88% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,030 | 2.99% |
| Craig, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,077 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,351 | 2.38% |
| New Castle, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,929 | 2.99% |
| ERIE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,278 | 3.00% |
| Athens, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,465 | 2.38% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,189 | 3.50% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,520 | 2.99% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,169 | 3.13% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,145 | 3.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,583 | 2.88% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,641 | 3.75% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,405 | 2.75% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,343 | 2.63% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,169 | 2.99% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,877 | 2.50% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,310 | 2.50% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,215 | 3.13% |
| Elko, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,533 | 4.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,453 | 2.75% |
| Crossville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,978 | 3.25% |
| Concord, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,405 | 2.75% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,937 | 2.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,440 | 2.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,708 | 3.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,844 | 3.75% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,108 | 2.38% |
| Keene, NH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,235 | 2.38% |
| Sonora, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,355 | 2.88% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,674 | 4.13% |
| NILES, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,605 | 2.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,723 | 2.99% |
| Salem, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,757 | 2.99% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,205 | 2.88% |
| Kearney, NE (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,330 | 3.38% |
| Centralia, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,339 | 2.75% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,430 | 2.75% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,808 | 2.99% |
| Danville, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,440 | 3.25% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,721 | 3.88% |
| Seneca, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,997 | 3.49% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,405 | 2.88% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,485 | 2.25% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,536 | 2.25% |
| Atchison, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,405 | 2.88% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,003 | 2.99% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,866 | 2.99% |
| Paris, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,435 | 3.25% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,263 | 2.63% |
| Salina, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,405 | 2.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,953 | 2.99% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,804 | 2.88% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,362 | 2.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,304 | 2.99% |
| Somerset, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,946 | 2.75% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,970 | 2.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,605 | 3.25% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,125 | 3.25% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,515 | 2.25% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,586 | 2.75% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,405 | 2.25% |
| Pella, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,998 | 3.13% |
| Findlay, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,020 | 2.88% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,405 | 2.99% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,930 | 2.75% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,505 | 2.25% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,640 | 2.75% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,048 | 2.99% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,713 | 4.13% |
| Sweetwater, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,146 | 2.88% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,391 | 2.75% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,983 | 3.38% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,213 | 2.99% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,330 | 3.13% |
| Montrose, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,481 | 2.38% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,242 | 2.38% |
| Ashland, OH (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $5,467 | 1.88% |
| Ludington, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,885 | 2.88% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,101 | 2.25% |
Residential Bancorp.'s top markets include Las Vegas, Los Angeles, Riverside, Bakersfield, and Phoenix among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 4,087 | $1,110,315,000 | $271,670 | $5,341 | 2.93% |
| FHA | 908 | $263,020,000 | $289,670 | $11,137 | 3.16% |
| VA | 218 | $72,520,000 | $332,661 | $10,402 | 2.86% |
| USDA | 16 | $3,330,000 | $208,125 | $8,698 | 3.19% |
For the 2021 period, Residential Bancorp.'s most frequently originated loan type of loans were Conventional, with 4,087 originations. Their 2nd most popular type is FHA, with 908 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,046 | $611,480,000 | $298,866 | $9,084 | 2.98% |
| Refi | 1,666 | $421,550,000 | $253,031 | $4,621 | 2.87% |
| Cash Out Refi | 1,517 | $416,155,000 | $274,328 | $5,862 | 3.08% |
For the 2021, Residential Bancorp.'s most frequently cited loan purpose of loans were Home Purchase, with 2,046 originations. The 2nd most popular reason of loans were Refi, with 1,666 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 4,465 | $1,303,025,000 | $291,831 | $6,971 | 3.10% |
| 15 Year | 392 | $87,930,000 | $224,311 | $4,254 | 2.43% |
| 20 Year | 192 | $44,050,000 | $229,427 | $3,980 | 2.83% |
| 3 Year | 109 | $1,135,000 | $10,413 | $0 | 0.02% |
| Other | 40 | $8,590,000 | $214,750 | $4,426 | 2.71% |
| 10 Year | 28 | $4,440,000 | $158,571 | $3,186 | 2.36% |
| 5 Year | 3 | $15,000 | $5,000 | $0 | 0.00% |
For the 2021, Residential Bancorp.'s most frequently cited loan length of loans were 30 Year, with 4,465 originations. The 2nd most popular length of loans were 15 Year, with 392 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,799 | $497,875,000 | $276,751 |
| $3k-4k | 1,165 | $317,605,000 | $272,622 |
| $5k+ | 1,011 | $369,685,000 | $365,663 |
| $2k-3k | 776 | $189,640,000 | $244,381 |
| $<1k | 299 | $64,355,000 | $215,234 |
$6,971 of loans were Residential Bancorp.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,799 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,190 | $611,610,000 | $279,274 |
| 3-4% | 2,177 | $671,175,000 | $308,303 |
| <2.5% | 695 | $119,625,000 | $172,122 |
| 4-5% | 147 | $41,515,000 | $282,415 |
| 5-6% | 9 | $2,785,000 | $309,444 |
| Over 8% | 1 | $245,000 | $245,000 |
During 2021, Residential Bancorp.'s average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,190 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 2,714 | $772,310,000 | $284,565 | $6,873 | 3.10% |
| $100k-200k | 1,350 | $217,480,000 | $161,096 | $4,497 | 3.01% |
| $400k-600k | 730 | $349,610,000 | $478,918 | $8,687 | 3.14% |
| $100,000 or less | 293 | $8,625,000 | $29,437 | $4,175 | 1.07% |
| $600k-1MM | 139 | $97,685,000 | $702,770 | $11,989 | 3.23% |
| $1MM+ | 3 | $3,475,000 | $1,158,333 | $24,941 | 3.63% |
2021 saw Residential Bancorp. place emphasis on $200k-400k loans with 2,714 originations, totaling $772,310,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 1,556 | $362,640,000 | $233,059 | $6,495 | 2.92% |
| $75k-100k | 1,099 | $317,605,000 | $288,995 | $6,871 | 2.97% |
| $100k-150k | 1,043 | $354,825,000 | $340,197 | $6,953 | 2.99% |
| $50k or less | 970 | $180,570,000 | $186,155 | $5,721 | 2.95% |
| $150k-250k | 423 | $177,905,000 | $420,579 | $7,213 | 3.08% |
| $250k+ | 109 | $47,125,000 | $432,339 | $7,214 | 3.17% |
Residential Bancorp. lent most frequently to those with incomes in the $50k-75k range, with 1,556 originations. The second most popular income band? $75k-100k, with 1,099 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 844 | $224,640,000 | $266,161 | $6,118 | 2.93% |
| 20-30% | 784 | $200,120,000 | $255,255 | $5,257 | 2.94% |
| 44% | 347 | $101,055,000 | $291,225 | $7,073 | 3.12% |
| <20% | 267 | $64,925,000 | $243,165 | $4,918 | 2.96% |
| 43% | 260 | $77,560,000 | $298,308 | $7,061 | 3.04% |
| 50-60% | 259 | $81,145,000 | $313,301 | $10,874 | 3.07% |
| 49% | 258 | $80,680,000 | $312,713 | $7,731 | 3.09% |
| 41% | 250 | $67,360,000 | $269,440 | $6,486 | 2.93% |
| 42% | 239 | $66,045,000 | $276,339 | $6,690 | 2.98% |
| 38% | 220 | $57,880,000 | $263,091 | $6,220 | 2.80% |
| 48% | 210 | $66,490,000 | $316,619 | $7,235 | 3.11% |
| 39% | 204 | $52,990,000 | $259,755 | $6,594 | 2.94% |
| 45% | 199 | $59,015,000 | $296,558 | $7,030 | 3.02% |
| 40% | 197 | $52,435,000 | $266,168 | $6,406 | 2.83% |
| 37% | 187 | $49,635,000 | $265,428 | $6,186 | 2.90% |
| 36% | 172 | $46,560,000 | $270,698 | $6,436 | 2.77% |
| 46% | 150 | $45,820,000 | $305,467 | $6,916 | 3.03% |
| 47% | 138 | $41,660,000 | $301,884 | $7,912 | 3.11% |
| >60% | 9 | $2,695,000 | $299,444 | $2,955 | 2.71% |
Residential Bancorp. lent most frequently to those with DTI ratios of 30-36%, with 844 originations. The next most common DTI ratio? 20-30%, with 784 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 4,070 | $1,117,760,000 | $274,634 | $6,492 | 2.96% |
| Asian | 368 | $119,910,000 | $325,842 | $6,925 | 3.13% |
| Black | 365 | $94,405,000 | $258,644 | $7,035 | 2.96% |
| Not provided | 341 | $92,125,000 | $270,161 | $7,022 | 2.97% |
| American Indian | 44 | $12,390,000 | $281,591 | $7,764 | 3.12% |
| Native Hawaiian | 31 | $9,745,000 | $314,355 | $6,583 | 2.95% |
| Vietnamese | 1 | $705,000 | $705,000 | $4,830 | 3.13% |
| Guamanian | 1 | $585,000 | $585,000 | $3,665 | 3.25% |
| Other Asian | 3 | $535,000 | $178,333 | $5,353 | 2.96% |
| Filipino | 2 | $530,000 | $265,000 | $4,630 | 3.25% |
| Other Pacific Islander | 3 | $495,000 | $165,000 | $4,301 | 2.33% |
Approval Rates
Total approvals of all applications93.47%
Residential Bancorp. has an average approval rate.
Pick Rate
Approvals leading to origination-8.56%
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 | 1 | $5,000 | $5,000 |
| NA | 5,228 | $1,449,180,000 | $277,196 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,229 | $1,449,185,000 | $277,144 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 283 | $57,825,000 | $204,329 | $4,122 | 2.78% |
| 40-60% | 971 | $249,475,000 | $256,926 | $4,338 | 2.88% |
| 60-80% | 1,877 | $536,705,000 | $285,938 | $5,824 | 3.11% |
| 80-100% | 1,808 | $578,550,000 | $319,994 | $8,827 | 3.23% |
| Over 100% | 46 | $18,560,000 | $403,478 | $17,534 | 3.01% |
| Under 20% | 237 | $5,855,000 | $24,705 | $4,110 | 0.51% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| RESIDENTIAL HOME FUNDING CORP. | Conventional home mortgage | Closing on a mortgage | 1 | 25.0% |
| RESIDENTIAL HOME FUNDING CORP. | Reverse mortgage | Closing on a mortgage | 1 | 25.0% |
| RESIDENTIAL HOME FUNDING CORP. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| RESIDENTIAL HOME FUNDING CORP. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
