Rehab Financial Group Lp Mortgage Rates, Fees & Info

Rosemont, PA

LEI: 2549007OKYM2CKAH3W45

Tax ID: 27-1269222

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Rehab Financial Group Lp is a smaller mortgage company specializing in Home Purchase loans. Rehab Financial Group Lp has a high proportion of conventional loans.

    Rehab Financial Group Lp 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.

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    Originations

    48

    Origination Dollar Volume (All Markets)

    $8,640,000

    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
    Outside of Metro Areas 48 $8,640,000 $180,000 $0 11.66%
    Rehab Financial Group Lp's top markets include

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $8,640,000 $180,000 $0 11.66%

    For 2019, Rehab Financial Group Lp's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 48 $8,640,000 $180,000 $0 11.66%

    For 2019, Rehab Financial Group Lp's most frequently cited loan purpose was Home Purchase, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 35 $6,245,000 $178,429 $0 11.29%
    1 Year 13 $2,395,000 $184,231 $0 12.57%

    For 2019, Rehab Financial Group Lp's most frequently cited loan duration was Other, with 35 originations. The 2nd most popular length was 1 Year, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 45 $8,625,000 $191,667

    During 2019, Rehab Financial Group Lp's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 17 $2,365,000 $139,118 $0 11.49%
    $100,000 or less 15 $1,035,000 $69,000 $0 12.16%
    $200k-400k 11 $2,815,000 $255,909 $0 11.49%
    $400k-600k 5 $2,425,000 $485,000 $0 11.39%

    2019 saw Rehab Financial Group Lp place emphasis on $100k-200k loans with 17 originations, totaling $2,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $1,785,000 $162,273 $0 11.72%
    $75k-100k 11 $2,165,000 $196,818 $0 11.54%
    $150k-250k 10 $2,610,000 $261,000 $0 11.39%
    $50k-75k 10 $1,580,000 $158,000 $0 12.04%
    $250k+ 3 $485,000 $161,667 $0 11.49%

    Rehab Financial Group Lp lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $75k-100k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 14 $3,120,000 $222,857 $0 11.56%
    30-36% 7 $1,525,000 $217,857 $0 11.28%
    20-30% 6 $780,000 $130,000 $0 11.99%
    50-60% 5 $515,000 $103,000 $0 12.79%
    >60% 4 $1,330,000 $332,500 $0 11.62%
    45% 3 $445,000 $148,333 $0 10.99%
    41% 1 $115,000 $115,000 $0 11.49%

    Rehab Financial Group Lp lent most frequently to those with DTI ratios of <20%, with 14 originations. The next most common DTI ratio? 30-36%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Black 19 $4,025,000 $211,842 $0 11.86%
    White 21 $3,755,000 $178,810 $0 11.47%
    Asian 4 $750,000 $187,500 $0 11.74%
    Not provided 4 $110,000 $27,500 $0 11.49%

    Approval Rates

    Total approvals of all applications
    100.00%

    Rehab Financial Group Lp 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
    -212.50%

    Rehab Financial Group Lp 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
    NA 48 $8,640,000 $180,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 48 $8,640,000 $180,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    60-80% 4 $1,020,000 $255,000 $0 11.12%
    80-100% 5 $785,000 $157,000 $0 11.99%
    Over 100% 36 $6,820,000 $189,444 $0 11.67%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    RP FUNDING INCORPORATED Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    RP FUNDING INCORPORATED Conventional home mortgage Trouble during payment process 1 16.7%
    RP FUNDING INCORPORATED FHA mortgage Struggling to pay mortgage 1 16.7%
    RP FUNDING INCORPORATED FHA mortgage Trouble during payment process 2 33.3%
    RP FUNDING INCORPORATED VA mortgage Trouble during payment process 1 16.7%