Rb Mortgage Rates, Fees & Info
AUSTIN, TXLEI: 549300GRZDILCBTHSL98
Tax ID: 37-1655726
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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 an average proportion of FHA loans. Their top markets by origination volume include: San Antonio, Austin, Dallas, Corpus Christi, and Houston among others. We have data for 25 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.10% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 30 Year FHA Purchase | 7.20% | 4/21/24 |
| 30 Year FHA Refi | 6.09% | 4/21/24 |
| 30 Year VA Purchase | 6.19% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.26% | 4/21/24 |
| 15 Year Conventional Refi | 5.60% | 4/21/24 |
| 15 Year Cash-out Refi | 5.60% | 4/21/24 |
| 15 Year VA Purchase | 6.16% | 4/21/24 |
| 15 Year VA Refi | 5.68% | 4/21/24 |
| 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. | ||
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
547Origination Dollar Volume (All Markets)
$187,805,000Awards
RB MORTGAGE - 2020
RB MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for RB MORTGAGE?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 347 | $102,905,000 | $296,556 | $6,820 | 3.08% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 116 | $62,150,000 | $535,776 | $6,947 | 3.11% |
| Outside of Metro Areas | 11 | $5,545,000 | $504,091 | $7,865 | 3.01% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 19 | $5,435,000 | $286,053 | $7,252 | 2.95% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 13 | $2,495,000 | $191,923 | $6,248 | 3.09% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 9 | $2,215,000 | $246,111 | $6,850 | 3.03% |
| Kerrville, TX (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $4,865 | 3.06% |
| Rockport, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $5,822 | 2.91% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,541 | 3.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,192 | 2.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $7,305 | 2.96% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,425 | 3.25% |
| WACO, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,607 | 3.19% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,963 | 3.19% |
| Granbury, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,385 | 2.88% |
| VICTORIA, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,158 | 3.31% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,494 | 2.88% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,362 | 3.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,833 | 2.88% |
| TYLER, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,813 | 2.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,026 | 3.00% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,144 | 3.13% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,693 | 2.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,680 | 3.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,870 | 3.88% |
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.
Similarity Rank: 657
Similarity Rank: 792
Similarity Rank: 840
Similarity Rank: 856
Similarity Rank: 1118
Similarity Rank: 1296
Similarity Rank: 1368
Similarity Rank: 1764
Similarity Rank: 2432
Similarity Rank: 2484
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 298 | $121,550,000 | $407,886 | $5,636 | 3.20% |
| FHA | 135 | $29,225,000 | $216,481 | $9,187 | 2.93% |
| VA | 114 | $37,030,000 | $324,825 | $7,088 | 2.94% |
For 2020, Rb Mortgage's most frequently originated type of loan was Conventional, with 298 originations. Their 2nd most popular type was FHA, with 135 originations.
Loan Reason
For 2020, Rb Mortgage's most frequently cited loan purpose was Home Purchase, with 534 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
For 2020, Rb Mortgage's most frequently cited loan duration was 30 Year, with 478 originations. The 2nd most popular length was 15 Year, with 57 originations.
Origination Fees/Closing Costs
Rb Mortgage's average total fees were $6,925, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 276 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 277 | $107,265,000 | $387,238 |
| 3-4% | 222 | $66,070,000 | $297,613 |
| <2.5% | 40 | $12,610,000 | $315,250 |
| 4-5% | 8 | $1,860,000 | $232,500 |
During 2020, Rb Mortgage's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 277 originations.
Loan Sizing
2020 saw Rb Mortgage place emphasis on $200k-400k loans with 263 originations, totaling $71,545,000 in origination value.
Applicant Income
Rb Mortgage lent most frequently to those with incomes in the $100k-150k range, with 136 originations. The second most popular income band? $50k-75k, with 119 originations.
Applicant Debt to Income Ratio
Rb Mortgage lent most frequently to those with DTI ratios of 20-30%, with 114 originations. The next most common DTI ratio? 30-36%, with 86 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.31%
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 origination23.77%
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 | 547 | $187,805,000 | $343,336 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 547 | $187,805,000 | $343,336 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| RUOFF MORTGAGE | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |
| RUOFF MORTGAGE | FHA mortgage | Closing on a mortgage | 1 | 14.3% |
| RUOFF MORTGAGE | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| RUOFF MORTGAGE | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 42.9% |