Rapid Mortgage Company Rates, Fees & Info
CINCINNATI, OHLEI: 549300KJKBXR3PD3QQ56
Tax ID: 35-2180985
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Rapid Mortgage Company is a smaller mortgage company specializing in Home Purchase loans. Rapid Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Columbus, Cincinnati, Charlotte, Cleveland, and Philadelphia among others. Rapid Mortgage Company 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. Rapid Mortgage Company is typically a high fee lendor.Originations
2,713Origination Dollar Volume (All Markets)
$607,245,000Relative Rate
Rapid Mortgage Company's average 30 year fixed rate mortgage of loans were
3.33%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.18%.
Relative Fees
Rapid Mortgage Company's average total fees for a 30 year fixed rate
mortgage are $6,119.
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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 571 | $129,185,000 | $226,243 | $6,231 | 3.31% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 495 | $110,275,000 | $222,778 | $5,293 | 3.32% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 356 | $97,990,000 | $275,253 | $6,497 | 3.29% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 196 | $32,350,000 | $165,051 | $6,077 | 3.33% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 102 | $29,780,000 | $291,961 | $6,371 | 3.15% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 89 | $20,515,000 | $230,506 | $6,444 | 3.27% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 63 | $19,275,000 | $305,952 | $5,574 | 3.18% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 102 | $15,120,000 | $148,235 | $5,584 | 3.34% |
| Jackson, OH (FHA|USDA|VA) | 73 | $11,725,000 | $160,616 | $6,461 | 3.33% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 36 | $9,570,000 | $265,833 | $5,996 | 3.07% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 32 | $8,770,000 | $274,063 | $5,688 | 3.55% |
| Outside of Metro Areas | 50 | $8,400,000 | $168,000 | $6,408 | 3.39% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 36 | $8,360,000 | $232,222 | $5,474 | 3.43% |
| WILMINGTON, NC (FHA|USDA|VA) | 30 | $7,150,000 | $238,333 | $6,269 | 3.03% |
| Athens, OH (FHA|USDA|VA) | 37 | $6,945,000 | $187,703 | $5,165 | 3.16% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 20 | $6,290,000 | $314,500 | $9,118 | 3.47% |
| AKRON, OH (FHA|USDA|VA) | 36 | $5,970,000 | $165,833 | $5,549 | 3.30% |
| SPARTANBURG, SC (FHA|USDA|VA) | 23 | $5,375,000 | $233,696 | $5,093 | 3.53% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 30 | $5,010,000 | $167,000 | $6,628 | 3.27% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 28 | $4,690,000 | $167,500 | $5,604 | 3.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 20 | $4,000,000 | $200,000 | $6,956 | 3.08% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $2,925,000 | $265,909 | $6,260 | 3.41% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 13 | $2,745,000 | $211,154 | $6,149 | 3.33% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 10 | $2,180,000 | $218,000 | $7,149 | 3.31% |
| Bellefontaine, OH (FHA|USDA|VA) | 9 | $2,065,000 | $229,444 | $6,739 | 3.33% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 6 | $2,010,000 | $335,000 | $6,048 | 3.27% |
| Washington Court House, OH (FHA|USDA|VA) | 14 | $1,940,000 | $138,571 | $6,619 | 3.43% |
| Zanesville, OH (FHA|USDA|VA) | 9 | $1,845,000 | $205,000 | $7,626 | 3.39% |
| Salem, OH (FHA|USDA|VA) | 15 | $1,795,000 | $119,667 | $5,633 | 3.36% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 10 | $1,720,000 | $172,000 | $6,355 | 3.23% |
| Mount Vernon, OH (FHA|USDA|VA) | 9 | $1,715,000 | $190,556 | $5,030 | 3.38% |
| Morehead City, NC (FHA|USDA|VA) | 6 | $1,710,000 | $285,000 | $5,906 | 2.90% |
| Cambridge, OH (FHA|USDA|VA) | 8 | $1,680,000 | $210,000 | $6,104 | 3.23% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $1,605,000 | $229,286 | $8,081 | 3.00% |
| Chillicothe, OH (FHA|USDA|VA) | 6 | $1,490,000 | $248,333 | $7,079 | 3.67% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $7,561 | 3.45% |
| TOLEDO, OH (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $4,872 | 3.34% |
| Marion, OH (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $6,450 | 3.48% |
| Wilmington, OH (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $7,291 | 3.35% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $6,307 | 3.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $5,313 | 2.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $7,956 | 3.08% |
| Portsmouth, OH (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $6,100 | 3.43% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $6,525 | 3.31% |
| Seneca, SC (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $6,220 | 3.75% |
| Albemarle, NC (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $6,549 | 3.42% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $10,173 | 3.50% |
| Shelby, NC (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $7,917 | 3.13% |
| Coshocton, OH (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $5,095 | 3.46% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $7,383 | 3.54% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,657 | 2.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $6,928 | 3.12% |
| Ashtabula, OH (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $4,808 | 3.53% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $8,669 | 3.31% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,306 | 2.88% |
| Greenwood, SC (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $5,658 | 3.81% |
| READING, PA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,024 | 3.19% |
| Forest City, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $21,947 | 2.88% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,709 | 2.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,698 | 3.06% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,550 | 3.25% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $8,829 | 3.08% |
| Celina, OH (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,858 | 2.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,248 | 3.38% |
| Sandusky, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,018 | 3.13% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,592 | 3.44% |
| WHEELING, WV-OH (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,675 | 3.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,866 | 3.06% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,761 | 3.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,278 | 3.94% |
| Van Wert, OH (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,372 | 3.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,226 | 3.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $8,559 | 3.75% |
| Laurinburg, NC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,107 | 3.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $6,527 | 3.31% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,752 | 3.21% |
| Wooster, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,610 | 3.13% |
| Henderson, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $9,787 | 3.25% |
| MANSFIELD, OH (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,264 | 3.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,064 | 3.38% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,526 | 3.50% |
| Urbana, OH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,303 | 3.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,901 | 3.19% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,464 | 3.50% |
| DOVER, DE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,233 | 3.38% |
| Waycross, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,447 | 3.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,936 | 3.50% |
| Connersville, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,395 | 3.38% |
| Ashland, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,492 | 3.06% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,377 | 3.50% |
| Kinston, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,548 | 3.50% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,051 | 3.13% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,226 | 3.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,688 | 2.88% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,914 | 3.50% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,785 | 3.25% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,278 | 3.63% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,075 | 3.00% |
| Marietta, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,261 | 2.75% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,941 | 3.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,870 | 2.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,981 | 2.88% |
| LIMA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,971 | 3.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,193 | 2.75% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,597 | 3.75% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,354 | 3.50% |
| Sidney, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,945 | 2.88% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,269 | 3.25% |
| Sanford, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,326 | 3.25% |
| London, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,017 | 3.13% |
| Maysville, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,531 | 3.88% |
Rapid Mortgage Company's top markets include Columbus, Cincinnati, Charlotte, Cleveland, and Philadelphia among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,754 | $413,230,000 | $235,593 | $5,004 | 3.30% |
| FHA | 717 | $134,485,000 | $187,566 | $7,974 | 3.36% |
| VA | 167 | $46,165,000 | $276,437 | $8,864 | 3.11% |
| USDA | 75 | $13,365,000 | $178,200 | $6,086 | 3.10% |
For the 2021 period, Rapid Mortgage Company's most frequently originated loan type of loans were Conventional, with 1,754 originations. Their 2nd most popular type is FHA, with 717 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 2,151 | $480,975,000 | $223,605 | $6,154 | 3.33% |
| Refi | 320 | $72,890,000 | $227,781 | $5,212 | 3.05% |
| Cash Out Refi | 241 | $52,925,000 | $219,606 | $6,318 | 3.38% |
| Other | 1 | $455,000 | $455,000 | $5,101 | 3.38% |
For the 2021, Rapid Mortgage Company's most frequently cited loan purpose of loans were Home Purchase, with 2,151 originations. The 2nd most popular reason of loans were Refi, with 320 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,582 | $579,260,000 | $224,345 | $6,119 | 3.33% |
| 15 Year | 104 | $22,250,000 | $213,942 | $4,754 | 2.69% |
| 20 Year | 18 | $4,270,000 | $237,222 | $5,147 | 3.01% |
| Other | 6 | $1,000,000 | $166,667 | $4,363 | 3.33% |
| 10 Year | 3 | $465,000 | $155,000 | $6,038 | 2.50% |
For the 2021, Rapid Mortgage Company's most frequently cited loan length of loans were 30 Year, with 2,582 originations. The 2nd most popular length of loans were 15 Year, with 104 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,406 | $293,870,000 | $209,011 |
| $2k-3k | 616 | $132,300,000 | $214,773 |
| $3k-4k | 487 | $118,925,000 | $244,199 |
| $5k+ | 165 | $53,745,000 | $325,727 |
| $<1k | 39 | $8,405,000 | $215,513 |
$6,119 of loans were Rapid Mortgage Company's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,406 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,783 | $391,265,000 | $219,442 |
| 2.5-3% | 733 | $174,425,000 | $237,960 |
| 4-5% | 130 | $24,730,000 | $190,231 |
| <2.5% | 67 | $16,825,000 | $251,119 |
During 2021, Rapid Mortgage Company's average interest rate of loans were 3.33%, while their most frequently originated rate bucket of loans were 3-4%, with 1,783 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,217 | $332,965,000 | $273,595 | $6,617 | 3.27% |
| $100k-200k | 1,116 | $170,900,000 | $153,136 | $5,503 | 3.33% |
| $100,000 or less | 193 | $15,675,000 | $81,218 | $4,462 | 3.45% |
| $400k-600k | 184 | $85,730,000 | $465,924 | $7,344 | 3.16% |
| $600k-1MM | 3 | $1,975,000 | $658,333 | $8,255 | 3.50% |
2021 saw Rapid Mortgage Company place emphasis on $200k-400k loans with 1,217 originations, totaling $332,965,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 807 | $166,005,000 | $205,706 | $6,168 | 3.31% |
| $50k or less | 734 | $109,260,000 | $148,856 | $5,624 | 3.32% |
| $100k-150k | 480 | $136,220,000 | $283,792 | $6,199 | 3.28% |
| $75k-100k | 438 | $110,160,000 | $251,507 | $6,302 | 3.32% |
| $150k-250k | 212 | $70,870,000 | $334,292 | $6,229 | 3.25% |
| $250k+ | 42 | $14,730,000 | $350,714 | $6,429 | 3.07% |
Rapid Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 807 originations. The second most popular income band? $50k or less, with 734 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 488 | $112,290,000 | $230,102 | $5,553 | 3.24% |
| 30-36% | 484 | $107,090,000 | $221,260 | $5,748 | 3.32% |
| 50-60% | 216 | $45,910,000 | $212,546 | $8,153 | 3.25% |
| <20% | 164 | $37,320,000 | $227,561 | $5,118 | 3.13% |
| 44% | 130 | $29,900,000 | $230,000 | $6,061 | 3.33% |
| 43% | 112 | $24,950,000 | $222,768 | $5,732 | 3.32% |
| 41% | 108 | $23,360,000 | $216,296 | $6,236 | 3.32% |
| 38% | 107 | $23,605,000 | $220,607 | $6,131 | 3.39% |
| 45% | 107 | $25,765,000 | $240,794 | $7,029 | 3.32% |
| 37% | 102 | $23,600,000 | $231,373 | $5,961 | 3.39% |
| 36% | 102 | $21,300,000 | $208,824 | $5,586 | 3.35% |
| 42% | 100 | $22,100,000 | $221,000 | $5,822 | 3.39% |
| 40% | 95 | $21,105,000 | $222,158 | $5,534 | 3.34% |
| 49% | 92 | $20,980,000 | $228,043 | $6,628 | 3.34% |
| 39% | 87 | $18,895,000 | $217,184 | $6,258 | 3.30% |
| 47% | 79 | $18,735,000 | $237,152 | $6,431 | 3.35% |
| 48% | 66 | $14,970,000 | $226,818 | $6,251 | 3.30% |
| 46% | 64 | $13,350,000 | $208,594 | $6,363 | 3.41% |
| >60% | 3 | $635,000 | $211,667 | $6,934 | 3.13% |
Rapid Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 488 originations. The next most common DTI ratio? 30-36%, with 484 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,094 | $469,120,000 | $224,031 | $5,959 | 3.28% |
| Not provided | 352 | $78,660,000 | $223,466 | $6,178 | 3.38% |
| Black | 200 | $42,900,000 | $214,500 | $6,936 | 3.37% |
| Asian | 22 | $5,930,000 | $269,545 | $5,911 | 3.32% |
| Asian Indian | 20 | $4,450,000 | $222,500 | $4,757 | 3.23% |
| Chinese | 7 | $1,295,000 | $185,000 | $4,981 | 3.25% |
| American Indian | 3 | $1,025,000 | $341,667 | $6,504 | 3.38% |
| Korean | 2 | $750,000 | $375,000 | $5,966 | 3.00% |
| Vietnamese | 3 | $695,000 | $231,667 | $9,398 | 3.58% |
| Native Hawiian | 3 | $685,000 | $228,333 | $8,491 | 3.13% |
| Filipino | 2 | $610,000 | $305,000 | $13,391 | 3.06% |
| Japanese | 3 | $585,000 | $195,000 | $4,019 | 2.75% |
| Native Hawaiian | 2 | $540,000 | $270,000 | $4,066 | 3.06% |
Approval Rates
Total approvals of all applications97.95%
Rapid Mortgage Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination68.49%
Rapid Mortgage Company 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 | 2,713 | $607,245,000 | $223,828 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,713 | $607,245,000 | $223,828 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 32 | $4,180,000 | $130,625 | $3,955 | 3.08% |
| 40-60% | 143 | $28,605,000 | $200,035 | $5,012 | 3.06% |
| 60-80% | 609 | $142,395,000 | $233,818 | $5,323 | 3.29% |
| 80-100% | 1,892 | $421,070,000 | $222,553 | $6,261 | 3.33% |
| Over 100% | 37 | $10,995,000 | $297,162 | $13,535 | 3.05% |
