Rb Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300GRZDILCBTHSL98

Tax ID: 37-1655726

4.2 stars - out of 5 stars, based on 21 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Rb Mortgage is a smaller mortgage company specializing in Home Purchase loans. Rb Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include San Antonio, Austin, Dallas, Corpus Christi, and Houston among others. Rb Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Rb Mortgage is typically a high fee lendor.


Originations

451

Origination Dollar Volume (All Markets)

$176,735,000
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Relative Rate

Rb Mortgage 's average 30 year fixed rate mortgage of loans were 2.83%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.32%.

Relative Fees

Rb Mortgage 's average total fees for a 30 year fixed rate mortgage are $6,498.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 264 $85,110,000 $322,386 $6,086 2.83%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 125 $72,905,000 $583,240 $7,492 2.80%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 16 $7,030,000 $439,375 $8,577 2.70%
Outside of Metro Areas 10 $2,720,000 $272,000 $5,079 2.79%
CORPUS CHRISTI, TX (FHA|USDA|VA) 9 $2,085,000 $231,667 $4,799 2.64%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,837 2.94%
Granbury, TX (FHA|USDA|VA) 2 $920,000 $460,000 $8,971 2.56%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $920,000 $230,000 $7,056 2.84%
Fredericksburg, TX (FHA|USDA|VA) 1 $565,000 $565,000 $11,051 2.13%
Alice, TX (FHA|USDA|VA) 1 $435,000 $435,000 $15,311 2.63%
Kerrville, TX (FHA|USDA|VA) 2 $420,000 $210,000 $4,639 3.00%
SAN ANGELO, TX (FHA|USDA|VA) 2 $400,000 $200,000 $4,067 2.88%
WACO, TX (FHA|USDA|VA) 1 $385,000 $385,000 $11,723 2.38%
TYLER, TX (FHA|USDA|VA) 1 $345,000 $345,000 $3,539 3.00%
LAREDO, TX (FHA|USDA|VA) 2 $280,000 $140,000 $4,200 3.00%
ODESSA, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,945 2.13%
EL PASO, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,285 2.50%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,483 2.50%
LUBBOCK, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,691 3.00%
Brenham, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,160 3.25%
Paris, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,453 2.88%
Bay City, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,304 2.13%

Rb Mortgage 's top markets include San Antonio, Austin, Dallas, Corpus Christi, and Houston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 314 $132,300,000 $421,338 $5,657 2.85%
VA 83 $32,675,000 $393,675 $8,838 2.67%
FHA 54 $11,760,000 $217,778 $7,998 2.75%

For the 2021 period, Rb Mortgage 's most frequently originated loan type of loans were Conventional, with 314 originations. Their 2nd most popular type is VA, with 83 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 438 $173,070,000 $395,137 $6,644 2.81%
Refi 13 $3,665,000 $281,923 $3,082 2.71%

For the 2021, Rb Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 438 originations. The 2nd most popular reason of loans were Refi, with 13 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 401 $161,725,000 $403,304 $6,498 2.83%
15 Year 40 $11,740,000 $293,500 $7,662 2.52%
20 Year 8 $2,940,000 $367,500 $5,080 3.02%
10 Year 1 $255,000 $255,000 $4,952 2.30%
Other 1 $75,000 $75,000 $2,246 2.20%

For the 2021, Rb Mortgage 's most frequently cited loan length of loans were 30 Year, with 401 originations. The 2nd most popular length of loans were 15 Year, with 40 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 341 $139,135,000 $408,021
$1k-2k 54 $15,090,000 $279,444
$2k-3k 19 $5,415,000 $285,000
$3k-4k 14 $5,520,000 $394,286
$5k+ 14 $9,580,000 $684,286

$6,498 of loans were Rb Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 341 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 284 $124,980,000 $440,070
<2.5% 87 $30,565,000 $351,322
3-4% 78 $20,730,000 $265,769
5-6% 2 $460,000 $230,000

During 2021, Rb Mortgage 's average interest rate of loans were 2.83%, while their most frequently originated rate bucket of loans were 2.5-3%, with 284 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 200 $56,330,000 $281,650 $5,946 2.84%
$400k-600k 88 $42,750,000 $485,795 $6,709 2.74%
$100k-200k 85 $13,695,000 $161,118 $4,636 2.83%
$600k-1MM 48 $34,260,000 $713,750 $8,684 2.75%
$1MM+ 18 $28,790,000 $1,599,444 $17,039 2.66%
$100,000 or less 12 $910,000 $75,833 $3,094 2.95%

2021 saw Rb Mortgage place emphasis on $200k-400k loans with 200 originations, totaling $56,330,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 99 $33,195,000 $335,303 $6,268 2.80%
$150k-250k 96 $45,290,000 $471,771 $7,037 2.83%
$50k-75k 87 $19,175,000 $220,402 $5,416 2.90%
$75k-100k 67 $16,995,000 $253,657 $5,293 2.80%
$250k+ 64 $55,050,000 $860,156 $10,255 2.68%
$50k or less 27 $4,085,000 $151,296 $5,227 2.78%

Rb Mortgage lent most frequently to those with incomes in the $100k-150k range, with 99 originations. The second most popular income band? $150k-250k, with 96 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 125 $44,705,000 $357,640 $5,778 2.79%
30-36% 79 $31,005,000 $392,468 $6,089 2.83%
<20% 44 $25,980,000 $590,455 $7,521 2.72%
50-60% 32 $9,910,000 $309,688 $6,833 2.83%
37% 17 $6,615,000 $389,118 $6,408 2.82%
36% 15 $5,245,000 $349,667 $8,249 3.03%
39% 14 $4,420,000 $315,714 $6,092 3.03%
40% 14 $4,870,000 $347,857 $6,531 2.81%
43% 13 $5,325,000 $409,615 $7,900 2.81%
42% 12 $4,000,000 $333,333 $5,490 2.88%
38% 11 $7,315,000 $665,000 $11,481 2.63%
48% 11 $5,365,000 $487,727 $7,178 2.68%
41% 10 $2,480,000 $248,000 $4,860 2.81%
47% 9 $2,975,000 $330,556 $8,422 2.85%
46% 9 $3,365,000 $373,889 $10,404 2.83%
49% 7 $2,425,000 $346,429 $5,897 2.75%
44% 6 $2,270,000 $378,333 $6,221 2.90%
45% 5 $2,045,000 $409,000 $5,955 2.80%
>60% 5 $3,065,000 $613,000 $8,372 2.70%

Rb Mortgage lent most frequently to those with DTI ratios of 20-30%, with 125 originations. The next most common DTI ratio? 30-36%, with 79 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 297 $118,555,000 $399,175 $6,361 2.82%
Not provided 112 $41,410,000 $369,732 $7,176 2.75%
Asian 16 $8,550,000 $534,375 $7,509 2.77%
Black 23 $7,615,000 $331,087 $5,110 2.88%
American Indian 3 $605,000 $201,667 $5,970 2.88%

Approval Rates

Total approvals of all applications
92.70%

Rb Mortgage has an average approval rate.

Pick Rate

Approvals leading to origination
39.95%

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 451 $176,735,000 $391,874

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
451 $176,735,000 $391,874

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 9 $2,685,000 $298,333 $4,644 2.56%
40-60% 24 $8,410,000 $350,417 $5,296 2.64%
60-80% 126 $61,520,000 $488,254 $6,204 2.85%
80-100% 271 $96,225,000 $355,074 $6,212 2.82%
Over 100% 18 $7,420,000 $412,222 $16,619 2.83%
Under 20% 3 $475,000 $158,333 $4,025 2.21%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
RUOFF MORTGAGE Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
RUOFF MORTGAGE Conventional home mortgage Closing on a mortgage 2 22.2%
RUOFF MORTGAGE Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 11.1%
RUOFF MORTGAGE Conventional home mortgage Trouble during payment process 1 11.1%
RUOFF MORTGAGE FHA mortgage Trouble during payment process 1 11.1%
RUOFF MORTGAGE Other type of mortgage Closing on a mortgage 1 11.1%
RUOFF MORTGAGE Other type of mortgage Trouble during payment process 1 11.1%
RUOFF MORTGAGE VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%