Rf Mortgage & Investment Corp Rates, Fees & Info

San Juan,

LEI: 549300EEBMJ68MB8P551

Tax ID: 66-0356747

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Rf Mortgage & Investment Corp is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Rf Mortgage & Investment Corp has a high proportion of conventional loans. Their top markets by origination volume include: San Juan, Arecibo, Yauco, Aguadilla, and San GermÁn among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rf Mortgage & Investment Corp has an 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 an average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.58% 11/21/24
    30 Year Conventional Refi 6.44% 11/21/24
    30 Year Cash-out Refi 7.10% 11/21/24
    30 Year FHA Purchase 7.51% 11/21/24
    30 Year FHA Refi 7.30% 11/21/24
    30 Year VA Purchase 6.68% 11/21/24
    30 Year VA Refi 6.31% 11/21/24
    30 Year USDA Purchase 7.04% 11/21/24
    15 Year Conventional Purchase 6.70% 11/21/24
    15 Year Conventional Refi 6.76% 11/21/24
    15 Year Cash-out Refi 6.76% 11/21/24
    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.

    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

    323

    Origination Dollar Volume (All Markets)

    $47,295,000

    Awards

    Rf Mortgage & Investment Corp VA Loans bronze
    Show all (1) awards

    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) 196 $25,580,000 $130,510 $6,788 4.82%
    Outside of Metro Areas 115 $20,325,000 $176,739 $5,965 5.36%
    Arecibo, PR (FHA|USDA|VA) 7 $755,000 $107,857 $5,239 4.82%
    YAUCO, PR (FHA|USDA|VA) 2 $280,000 $140,000 $7,253 4.50%
    AGUADILLA-ISABELA, PR (FHA|USDA|VA) 1 $125,000 $125,000 $7,660 5.00%
    SAN GERMÁN, PR (FHA|USDA|VA) 1 $115,000 $115,000 $4,970 6.13%
    PONCE, PR (FHA|USDA|VA) 1 $115,000 $115,000 $6,605 4.50%
    Rf Mortgage & Investment Corp's top markets include San Juan, Arecibo, Yauco, Aguadilla, 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.

    COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS
    Similarity Rank: 12
    Cooperativa A/C Oriental
    Similarity Rank: 48
    COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC.
    Similarity Rank: 54
    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 90
    Cooperativa De Credito Y Ahorro San Jose
    Similarity Rank: 92
    Cooperativa A/C de Arecibo
    Similarity Rank: 108
    COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA
    Similarity Rank: 111
    LATIN AMERICAN FINANCIAL CORPORATION
    Similarity Rank: 184
    Scotiabank de Puerto Rico
    Similarity Rank: 312
    The Lending Center Corporation
    Similarity Rank: 368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 146 $17,820,000 $122,055 $7,052 4.76%
    Conventional 117 $21,835,000 $186,624 $6,165 5.53%
    USDA 46 $5,490,000 $119,348 $5,711 4.55%
    VA 14 $2,150,000 $153,571 $5,247 5.00%

    For 2018, Rf Mortgage & Investment Corp's most frequently originated type of loan was FHA, with 146 originations. Their 2nd most popular type was Conventional, with 117 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 300 $45,010,000 $150,033 $6,547 5.01%
    Cash Out Refi 18 $1,870,000 $103,889 $5,649 5.19%
    Refi 5 $415,000 $83,000 $4,144 5.10%

    For 2018, Rf Mortgage & Investment Corp's most frequently cited loan purpose was Home Purchase, with 300 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 314 $46,260,000 $147,325 $6,510 5.01%
    15 Year 7 $905,000 $129,286 $5,058 5.11%
    20 Year 1 $65,000 $65,000 $4,190 5.88%
    Other 1 $65,000 $65,000 $2,967 4.50%

    For 2018, Rf Mortgage & Investment Corp's most frequently cited loan duration was 30 Year, with 314 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 93 $9,755,000 $104,892
    $1k-2k 70 $6,670,000 $95,286
    $<1k 57 $6,735,000 $118,158
    $3k-4k 51 $7,725,000 $151,471
    $5k+ 28 $10,940,000 $390,714
    $4k-5k 23 $5,385,000 $234,130

    Rf Mortgage & Investment Corp's average total fees were $6,510, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 198 $27,410,000 $138,434
    5-6% 96 $16,240,000 $169,167
    6-7% 19 $2,335,000 $122,895
    3-4% 10 $1,310,000 $131,000

    During 2018, Rf Mortgage & Investment Corp's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 4-5%, with 198 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 153 $20,755,000 $135,654 $6,247 4.93%
    $100,000 or less 122 $9,480,000 $77,705 $4,613 5.10%
    $200k-400k 38 $10,170,000 $267,632 $11,125 5.04%
    $400k-600k 7 $3,195,000 $456,429 $12,662 5.00%
    $1MM+ 2 $2,890,000 $1,445,000 $22,330 5.88%
    $600k-1MM 1 $805,000 $805,000 $10,036 5.75%

    2018 saw Rf Mortgage & Investment Corp place emphasis on $100k-200k loans with 153 originations, totaling $20,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 152 $14,440,000 $95,000 $5,353 4.91%
    $50k-75k 73 $9,875,000 $135,274 $6,899 4.89%
    $75k-100k 34 $5,650,000 $166,176 $6,725 5.07%
    $100k-150k 30 $5,770,000 $192,333 $7,966 5.29%
    $150k-250k 23 $6,105,000 $265,435 $8,718 5.39%
    $250k+ 11 $5,455,000 $495,909 $9,085 5.61%

    Rf Mortgage & Investment Corp lent most frequently to those with incomes in the $50k or less range, with 152 originations. The second most popular income band? $50k-75k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 57 $7,935,000 $139,211 $6,787 5.10%
    20-30% 47 $7,255,000 $154,362 $5,590 5.05%
    50-60% 17 $3,005,000 $176,765 $10,846 4.84%
    43% 17 $2,155,000 $126,765 $6,461 5.10%
    36% 16 $1,930,000 $120,625 $4,863 5.19%
    40% 16 $2,190,000 $136,875 $6,211 5.05%
    42% 16 $2,800,000 $175,000 $6,439 5.13%
    <20% 15 $1,905,000 $127,000 $5,563 5.15%
    37% 13 $1,675,000 $128,846 $6,447 4.71%
    38% 13 $2,015,000 $155,000 $5,566 5.11%
    44% 12 $1,890,000 $157,500 $6,538 5.15%
    41% 11 $2,865,000 $260,455 $7,946 5.16%
    46% 10 $1,090,000 $109,000 $5,678 4.99%
    45% 10 $1,160,000 $116,000 $5,602 4.81%
    48% 8 $1,070,000 $133,750 $7,228 4.95%
    47% 6 $690,000 $115,000 $7,622 4.83%
    49% 6 $1,030,000 $171,667 $6,614 4.92%
    39% 6 $1,110,000 $185,000 $7,060 5.38%
    >60% 3 $455,000 $151,667 $4,531 5.25%

    Rf Mortgage & Investment Corp lent most frequently to those with DTI ratios of 30-36%, with 57 originations. The next most common DTI ratio? 20-30%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 310 $43,670,000 $140,871 $6,408 5.01%
    Not provided 5 $2,805,000 $561,000 $10,467 5.88%
    Black 6 $650,000 $108,333 $6,350 4.90%
    American Indian 2 $170,000 $85,000 $4,697 4.88%

    Approval Rates

    Total approvals of all applications
    88.35%

    Rf Mortgage & Investment Corp has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.31%

    Rf Mortgage & Investment Corp has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 323 $47,295,000 $146,424

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 323 $47,295,000 $146,424

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $405,000 $81,000 $3,341 5.23%
    40-60% 11 $1,135,000 $103,182 $5,041 5.27%
    60-80% 41 $7,145,000 $174,268 $6,072 5.38%
    80-100% 216 $32,510,000 $150,509 $6,219 4.99%
    Over 100% 30 $3,560,000 $118,667 $9,979 4.87%
    Under 20% 1 $255,000 $255,000 $8,525 4.88%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    RUOFF MORTGAGE FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%