Rb Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300GRZDILCBTHSL98

Tax ID: 37-1655726

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

    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 22 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% 11/21/24
    30 Year Conventional Refi 6.10% 11/21/24
    30 Year Cash-out Refi 6.27% 11/21/24
    30 Year FHA Purchase 7.20% 11/21/24
    30 Year FHA Refi 6.09% 11/21/24
    30 Year VA Purchase 6.19% 11/21/24
    30 Year VA Refi 6.27% 11/21/24
    15 Year Conventional Purchase 5.26% 11/21/24
    15 Year Conventional Refi 5.60% 11/21/24
    15 Year Cash-out Refi 5.60% 11/21/24
    15 Year VA Purchase 6.16% 11/21/24
    15 Year VA Refi 5.68% 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.

    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

    451

    Origination Dollar Volume (All Markets)

    $176,735,000
    Show all (5) 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 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.

    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.

    United Heritage Credit Union
    Similarity Rank: 636
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 666
    Generations Community Federal Credit Union
    Similarity Rank: 704
    TEXANS
    Similarity Rank: 2091
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 2715
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 2772
    Credence Funding Corporation
    Similarity Rank: 2828
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 3304
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 3380
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 3536

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Rb Mortgage's most frequently originated type of loan was Conventional, with 314 originations. Their 2nd most popular type was VA, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Rb Mortgage's most frequently cited loan purpose was Home Purchase, with 438 originations. The 2nd most popular reason was 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 2021, Rb Mortgage's most frequently cited loan duration was 30 Year, with 401 originations. The 2nd most popular length was 15 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $5k+ 14 $9,580,000 $684,286
    $3k-4k 10 $3,480,000 $348,000
    $4k-5k 4 $2,040,000 $510,000

    Rb Mortgage's average total fees were $6,498, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.83%, while their most frequently originated rate bucket for loans was 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
    90.37%

    Rb Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    23.50%

    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%