Rb Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300GRZDILCBTHSL98

Tax ID: 37-1655726

5 stars - Updated: 2/25/24 - out of 5 stars, based on 19 reviews

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

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Mortgage Data

Review & Overview

Rb Mortgage is a smaller mortgage company specializing in Home Purchase loans. Rb Mortgage has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Antonio, Austin, Dallas, Houston, and Corpus Christi among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

Rb Mortgage 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. Rb Mortgage 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.

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 6.18% 2/25/24
30 Year Conventional Refi 6.10% 2/25/24
30 Year Cash-out Refi 6.27% 2/25/24
30 Year FHA Purchase 7.20% 2/25/24
30 Year FHA Refi 6.09% 2/25/24
30 Year VA Purchase 6.19% 2/25/24
30 Year VA Refi 6.27% 2/25/24
15 Year Conventional Purchase 5.26% 2/25/24
15 Year Conventional Refi 5.60% 2/25/24
15 Year Cash-out Refi 5.60% 2/25/24
15 Year VA Purchase 6.16% 2/25/24
15 Year VA Refi 5.68% 2/25/24
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.

Rb Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Rb Mortgage. 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

373

Origination Dollar Volume (All Markets)

$158,995,000
Show all (5) awards

Relative Rate

Rb Mortgage's average 30 year fixed mortgage rate was 4.65%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.11%.

Relative Fees (Closing Costs)

Rb Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $6,485.

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.

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 ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 199 $75,915,000 $381,482 $6,356 4.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 114 $65,920,000 $578,246 $7,409 4.48%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $4,590,000 $382,500 $5,382 4.81%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $3,630,000 $302,500 $6,531 3.94%
Outside of Metro Areas 10 $2,660,000 $266,000 $6,702 4.21%
CORPUS CHRISTI, TX (FHA|USDA|VA) 7 $1,705,000 $243,571 $4,266 4.25%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $810,000 $405,000 $5,253 4.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $755,000 $251,667 $4,201 4.88%
Rockport, TX (FHA|USDA|VA) 2 $670,000 $335,000 $6,606 5.25%
LAREDO, TX (FHA|USDA|VA) 2 $480,000 $240,000 $6,660 4.56%
Kerrville, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,582 5.13%
Eagle Pass, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,617 5.00%
Alice, TX (FHA|USDA|VA) 1 $215,000 $215,000 $2,070 5.38%
SAN ANGELO, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,540 6.00%
EL PASO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,657 4.25%
ODESSA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,898 3.75%
Kingsville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,468 5.63%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,289 5.00%
Beeville, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,485 6.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,214 4.88%
Rb Mortgage's top markets include San Antonio, Austin, Dallas, Houston, and Corpus Christi among others.

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

    We use machine learning to identify the top lenders compared against RB MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 546
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 666
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 980
    TEXANS
    Similarity Rank: 1845
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2028
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 2172
    Credence Funding Corporation
    Similarity Rank: 2212
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 2720
    Commercial Bank of Texas
    Similarity Rank: 3432

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 319 $143,065,000 $448,480 $6,203 4.48%
    VA 32 $10,770,000 $336,563 $8,660 4.46%
    FHA 22 $5,160,000 $234,545 $8,253 4.77%

    For 2022, Rb Mortgage's most frequently originated type of loan was Conventional, with 319 originations. Their 2nd most popular type was VA, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 369 $158,085,000 $428,415 $6,565 4.50%
    Refi 4 $910,000 $227,500 $5,055 3.94%

    For 2022, Rb Mortgage's most frequently cited loan purpose was Home Purchase, with 369 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 324 $144,010,000 $444,475 $6,485 4.65%
    15 Year 42 $13,230,000 $315,000 $7,453 3.41%
    20 Year 5 $1,215,000 $243,000 $4,726 3.98%
    10 Year 2 $540,000 $270,000 $5,440 3.44%

    For 2022, Rb Mortgage's most frequently cited loan duration was 30 Year, with 324 originations. The 2nd most popular length was 15 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 229 $109,485,000 $478,100
    $1k-2k 57 $17,205,000 $301,842
    $2k-3k 30 $8,950,000 $298,333
    $5k+ 19 $10,805,000 $568,684
    $3k-4k 15 $4,975,000 $331,667
    $4k-5k 8 $2,580,000 $322,500

    Rb Mortgage's average total fees were $6,485, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 229 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 116 $52,260,000 $450,517
    3-4% 102 $47,650,000 $467,157
    5-6% 83 $27,835,000 $335,361
    2.5-3% 27 $12,005,000 $444,630
    6-7% 23 $9,825,000 $427,174
    <2.5% 13 $7,475,000 $575,000
    7-8% 9 $1,945,000 $216,111

    During 2022, Rb Mortgage's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 178 $51,870,000 $291,404 $5,778 4.59%
    $400k-600k 72 $34,000,000 $472,222 $6,575 4.37%
    $600k-1MM 53 $39,255,000 $740,660 $9,113 4.44%
    $100k-200k 49 $7,665,000 $156,429 $4,448 4.54%
    $1MM+ 16 $25,780,000 $1,611,250 $14,200 3.89%
    $100,000 or less 5 $425,000 $85,000 $3,812 5.23%

    2022 saw Rb Mortgage place emphasis on $200k-400k loans with 178 originations, totaling $51,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 89 $31,115,000 $349,607 $6,407 4.61%
    $150k-250k 78 $37,410,000 $479,615 $6,695 4.29%
    $250k+ 75 $60,075,000 $801,000 $9,131 4.39%
    $75k-100k 64 $16,980,000 $265,313 $5,417 4.71%
    $50k-75k 51 $10,835,000 $212,451 $5,309 4.41%
    $50k or less 16 $2,580,000 $161,250 $4,171 4.76%

    Rb Mortgage lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $150k-250k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 68 $32,400,000 $476,471 $6,628 4.28%
    30-36% 62 $22,920,000 $369,677 $6,447 4.44%
    50-60% 27 $11,635,000 $430,926 $10,091 4.33%
    <20% 24 $11,790,000 $491,250 $5,995 4.28%
    39% 21 $9,515,000 $453,095 $6,435 4.60%
    42% 20 $7,810,000 $390,500 $5,326 4.91%
    41% 19 $6,815,000 $358,684 $5,787 4.89%
    44% 18 $7,200,000 $400,000 $5,629 4.64%
    38% 13 $5,885,000 $452,692 $7,542 4.21%
    40% 13 $6,235,000 $479,615 $6,023 4.27%
    49% 13 $4,505,000 $346,538 $5,272 5.29%
    37% 12 $5,140,000 $428,333 $5,826 4.49%
    47% 12 $4,550,000 $379,167 $5,406 4.45%
    45% 11 $6,205,000 $564,091 $7,065 4.75%
    43% 10 $4,200,000 $420,000 $6,313 4.11%
    46% 9 $2,995,000 $332,778 $4,965 5.08%
    36% 9 $4,935,000 $548,333 $6,978 4.96%
    48% 8 $2,800,000 $350,000 $7,592 4.06%
    >60% 4 $1,460,000 $365,000 $7,788 4.25%

    Rb Mortgage lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 248 $105,920,000 $427,097 $6,776 4.47%
    Not provided 87 $33,645,000 $386,724 $6,115 4.56%
    Asian 21 $12,815,000 $610,238 $6,852 4.29%
    Black 13 $5,685,000 $437,308 $5,377 4.75%
    American Indian 4 $930,000 $232,500 $4,519 5.06%

    Approval Rates

    Total approvals of all applications
    99.83%

    Rb Mortgage 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
    44.24%

    Rb Mortgage 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 373 $158,995,000 $426,260

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    373 $158,995,000 $426,260

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $3,030,000 $168,333 $4,469 4.10%
    40-60% 28 $10,350,000 $369,643 $5,778 4.11%
    60-80% 108 $60,220,000 $557,593 $7,142 4.29%
    80-100% 214 $83,050,000 $388,084 $6,111 4.66%
    Over 100% 5 $2,345,000 $469,000 $23,243 5.30%