Rb Mortgage Rates, Fees & InfoAUSTIN, TX
Tax ID: 37-1655726
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewRb Mortgage is a smaller mortgage company specializing in 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.18%||3/30/23|
|30 Year Conventional Refi||6.10%||3/30/23|
|30 Year Cash-out Refi||6.27%||3/30/23|
|30 Year FHA Purchase||7.20%||3/30/23|
|30 Year FHA Refi||6.09%||3/30/23|
|30 Year VA Purchase||6.19%||3/30/23|
|30 Year VA Refi||6.27%||3/30/23|
|15 Year Conventional Purchase||5.26%||3/30/23|
|15 Year Conventional Refi||5.60%||3/30/23|
|15 Year Cash-out Refi||5.60%||3/30/23|
|15 Year VA Purchase||6.16%||3/30/23|
|15 Year VA Refi||5.68%||3/30/23|
|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.|
Origination Dollar Volume (All Markets)$158,995,000
Rb Mortgage'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 -0.11%.
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.
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%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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.
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|
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.
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.
2022 saw Rb Mortgage place emphasis on $200k-400k loans with 178 originations, totaling $51,870,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
Rb Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
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|