Rf Mortgage & Investment Corp Rates, Fees & InfoSan Juan,
Tax ID: 66-0356747
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewRf Mortgage & Investment Corp is a smaller mortgage company specializing in Home Purchase loans. Rf Mortgage & Investment Corp has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: San Juan, Aguadilla, San GermÁn, Arecibo, and MayagÜez among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)
Rf Mortgage & Investment Corp 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. Rf Mortgage & Investment Corp 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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.58%||9/25/23|
|30 Year Conventional Refi||6.44%||9/25/23|
|30 Year Cash-out Refi||7.10%||9/25/23|
|30 Year FHA Purchase||7.51%||9/25/23|
|30 Year FHA Refi||7.30%||9/25/23|
|30 Year VA Purchase||6.68%||9/25/23|
|30 Year VA Refi||6.31%||9/25/23|
|30 Year USDA Purchase||7.04%||9/25/23|
|15 Year Conventional Purchase||6.70%||9/25/23|
|15 Year Conventional Refi||6.76%||9/25/23|
|15 Year Cash-out Refi||6.76%||9/25/23|
|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.|
Rf Mortgage & Investment Corp Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Rf Mortgage & Investment Corp. 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.
Origination Dollar Volume (All Markets)$60,295,000
Rf Mortgage & Investment Corp's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.88%.
Relative Fees (Closing Costs)
Rf Mortgage & Investment Corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,860.
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.
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|
|SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA)||336||$55,070,000||$163,899||$10,022||5.65%|
|AGUADILLA-ISABELA, PR (FHA|USDA|VA)||9||$1,605,000||$178,333||$10,328||5.54%|
|Outside of Metro Areas||1||$1,105,000||$1,105,000||$22,236||4.50%|
|SAN GERMÁN, PR (FHA|USDA|VA)||4||$1,080,000||$270,000||$13,996||5.16%|
|Arecibo, PR (FHA|USDA|VA)||6||$600,000||$100,000||$8,335||5.38%|
|MAYAGÜEZ, PR (FHA|USDA|VA)||2||$360,000||$180,000||$9,540||5.19%|
|Coamo, PR (FHA|USDA|VA)||2||$160,000||$80,000||$5,181||4.69%|
|PONCE, PR (FHA|USDA|VA)||1||$125,000||$125,000||$5,590||4.00%|
|Coco, PR (FHA|USDA|VA)||1||$95,000||$95,000||$7,134||3.50%|
|GUAYAMA, PR (FHA|USDA|VA)||1||$95,000||$95,000||$9,034||6.75%|
We use machine learning to identify the top lenders compared against Rf Mortgage & Investment Corp based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 18
Similarity Rank: 24
Similarity Rank: 75
Similarity Rank: 90
Similarity Rank: 108
Similarity Rank: 140
Similarity Rank: 144
Similarity Rank: 150
Similarity Rank: 264
Similarity Rank: 286
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Rf Mortgage & Investment Corp's most frequently originated type of loan was Conventional, with 153 originations. Their 2nd most popular type was FHA, with 138 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||18||$5,940,000||$330,000||$14,168||5.14%|
For 2022, Rf Mortgage & Investment Corp's most frequently cited loan purpose was Home Purchase, with 339 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Rf Mortgage & Investment Corp's most frequently cited loan duration was 30 Year, with 352 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Rf Mortgage & Investment Corp's average total fees were $9,860, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 160 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Rf Mortgage & Investment Corp's average interest rate for loans was 5.64%, while their most frequently originated rate bucket for loans was 5-6%, with 109 originations.
2022 saw Rf Mortgage & Investment Corp place emphasis on $100k-200k loans with 179 originations, totaling $24,215,000 in origination value.
Rf Mortgage & Investment Corp lent most frequently to those with incomes in the $50k or less range, with 182 originations. The second most popular income band? $50k-75k, with 70 originations.
Applicant Debt to Income Ratio
Rf Mortgage & Investment Corp lent most frequently to those with DTI ratios of 30-36%, with 78 originations. The next most common DTI ratio? 20-30%, with 58 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Rf Mortgage & Investment Corp has an average approval rate.
Pick RateApprovals leading to origination
Rf Mortgage & Investment Corp has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|