Rf Mortgage & Investment Corp Rates, Fees & Info

San Juan,

LEI: 549300EEBMJ68MB8P551

Tax ID: 66-0356747

1.2 stars - Updated: 4/5/25 - out of 5 stars, based on 16 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Rf 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, Arecibo, Aguadilla, Ponce, and San GermÁn among others. We have data for 8 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 about average 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
30 Year Conventional Purchase 7.73% 4/5/25
30 Year Conventional Refi 7.74% 4/5/25
30 Year Cash-out Refi 6.91% 4/5/25
30 Year FHA Purchase 7.67% 4/5/25
30 Year FHA Refi 6.72% 4/5/25
30 Year VA Purchase 7.02% 4/5/25
30 Year USDA Purchase 7.54% 4/5/25
15 Year Conventional Purchase 6.27% 4/5/25
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 Estimates

Estimated 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.


Originations

261

Origination Dollar Volume (All Markets)

$48,765,000

Relative Rate

Rf Mortgage & Investment Corp's average 30 year fixed mortgage rate was 6.83%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.28%.

Relative Fees (Closing Costs)

Rf Mortgage & Investment Corp's average total fees/closing costs for a 30 year fixed rate mortgage were $11,295.

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 $8,356.

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
SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 235 $43,915,000 $186,872 $11,383 6.84%
Outside of Metro Areas 9 $2,095,000 $232,778 $11,268 7.25%
Arecibo, PR (FHA|USDA|VA) 4 $760,000 $190,000 $15,181 6.31%
AGUADILLA-ISABELA, PR (FHA|USDA|VA) 5 $665,000 $133,000 $7,487 7.12%
PONCE, PR (FHA|USDA|VA) 2 $510,000 $255,000 $19,633 6.88%
SAN GERMÁN, PR (FHA|USDA|VA) 2 $310,000 $155,000 $9,454 6.38%
GUAYAMA, PR (FHA|USDA|VA) 3 $295,000 $98,333 $8,501 6.42%
Santa Isabel, PR (FHA|USDA|VA) 1 $215,000 $215,000 $13,246 5.75%
Rf Mortgage & Investment Corp's top markets include San Juan, Arecibo, Aguadilla, Ponce, and San GermÁn among others.

Their top states include:
  • Puerto Rico (FHA|USDA|VA)
  • Similar Lenders

    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.

    CARIBE FEDERAL CREDIT UNION
    Similarity Rank: 161
    E.M.I. EQUITY MORTGAGE, INC.
    Similarity Rank: 243

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $27,045,000 $216,360 $10,859 7.19%
    FHA 101 $16,615,000 $164,505 $12,582 6.49%
    USDA 29 $3,665,000 $126,379 $9,672 6.51%
    VA 6 $1,440,000 $240,000 $10,464 6.75%

    For 2024, Rf Mortgage & Investment Corp's most frequently originated type of loan was Conventional, with 125 originations. Their 2nd most popular type was FHA, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 240 $42,030,000 $175,125 $11,150 6.85%
    Cash Out Refi 20 $6,490,000 $324,500 $14,059 6.61%
    Refi 1 $245,000 $245,000 $14,344 7.38%

    For 2024, Rf Mortgage & Investment Corp's most frequently cited loan purpose was Home Purchase, with 240 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 255 $46,845,000 $183,706 $11,295 6.83%
    15 Year 4 $1,570,000 $392,500 $17,420 7.03%
    20 Year 2 $350,000 $175,000 $10,832 6.94%

    For 2024, Rf Mortgage & Investment Corp's most frequently cited loan duration was 30 Year, with 255 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 181 $38,685,000 $213,729
    $4k-5k 41 $4,735,000 $115,488
    $3k-4k 22 $2,180,000 $99,091
    $2k-3k 9 $575,000 $63,889
    $1k-2k 5 $625,000 $125,000
    $<1k 3 $1,965,000 $655,000

    Rf Mortgage & Investment Corp's average total fees were $11,295, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 181 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 141 $25,795,000 $182,943
    7-8% 71 $10,915,000 $153,732
    5-6% 41 $11,015,000 $268,659
    Over 8% 8 $1,040,000 $130,000

    During 2024, Rf Mortgage & Investment Corp's average interest rate for loans was 6.83%, while their most frequently originated rate bucket for loans was 6-7%, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 141 $20,315,000 $144,078 $9,783 6.89%
    $100,000 or less 60 $4,430,000 $73,833 $7,244 6.98%
    $200k-400k 43 $11,645,000 $270,814 $16,076 6.56%
    $400k-600k 9 $4,525,000 $502,778 $25,103 6.61%
    $600k-1MM 5 $3,975,000 $795,000 $27,282 6.53%
    $1MM+ 3 $3,875,000 $1,291,667 $34,641 6.29%

    2024 saw Rf Mortgage & Investment Corp place emphasis on $100k-200k loans with 141 originations, totaling $20,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 97 $9,645,000 $99,433 $8,575 6.76%
    $50k-75k 59 $9,615,000 $162,966 $10,892 6.78%
    $75k-100k 34 $5,830,000 $171,471 $11,280 6.82%
    $100k-150k 29 $6,225,000 $214,655 $13,101 7.05%
    $150k-250k 24 $6,870,000 $286,250 $13,413 7.26%
    $250k+ 17 $10,425,000 $613,235 $23,751 6.49%

    Rf Mortgage & Investment Corp lent most frequently to those with incomes in the $50k or less range, with 97 originations. The second most popular income band? $50k-75k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 52 $9,860,000 $189,615 $10,614 6.78%
    30-36% 44 $6,450,000 $146,591 $10,398 6.76%
    43% 19 $3,435,000 $180,789 $11,288 6.89%
    40% 16 $2,910,000 $181,875 $12,010 6.66%
    39% 15 $2,645,000 $176,333 $10,708 7.10%
    36% 15 $2,925,000 $195,000 $11,077 6.68%
    44% 14 $3,620,000 $258,571 $13,735 7.10%
    37% 12 $1,840,000 $153,333 $11,387 6.79%
    41% 11 $2,155,000 $195,909 $10,428 6.89%
    49% 11 $1,995,000 $181,364 $11,833 7.13%
    38% 10 $1,420,000 $142,000 $9,418 6.95%
    <20% 10 $3,470,000 $347,000 $17,011 6.54%
    42% 6 $910,000 $151,667 $9,278 7.06%
    47% 6 $890,000 $148,333 $9,899 6.81%
    48% 6 $1,520,000 $253,333 $15,892 6.94%
    50-60% 5 $975,000 $195,000 $14,951 6.25%
    46% 5 $1,145,000 $229,000 $13,168 7.08%
    45% 4 $600,000 $150,000 $9,889 7.03%

    Rf Mortgage & Investment Corp lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 256 $48,140,000 $188,047 $11,446 6.82%
    Black 3 $365,000 $121,667 $8,585 7.33%
    American Indian 1 $165,000 $165,000 $7,421 8.25%
    Not provided 1 $95,000 $95,000 $8,080 6.75%

    Approval Rates

    Total approvals of all applications
    90.03%

    Rf Mortgage & Investment Corp has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.27%

    Rf Mortgage & Investment Corp has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 261 $48,765,000 $186,839

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    261 $48,765,000 $186,839

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $2,125,000 $708,333 $16,515 6.50%
    40-60% 21 $2,215,000 $105,476 $7,242 6.85%
    60-80% 122 $19,130,000 $156,803 $10,132 6.99%
    80-100% 107 $23,795,000 $222,383 $12,979 6.72%
    Over 100% 8 $1,500,000 $187,500 $18,119 6.13%