Rm Actual Mortgage Rates, Fees & Info
BAYAMON,LEI: 549300M0I314MIP2FT97
Tax ID: 66-0690568
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Rm Actual Mortgage is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Rm Actual Mortgage has an average proportion of conventional loans. Their top markets by origination volume include: San Juan, Ponce, Arecibo, Santa Isabel, and Guayama among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Rm Actual Mortgage has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Rm Actual 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 | 8.42% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 7.91% | 4/5/25 |
| 30 Year FHA Purchase | 7.50% | 4/5/25 |
| 30 Year VA Purchase | 6.59% | 4/5/25 |
| 30 Year USDA Purchase | 7.35% | 4/5/25 |
| 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. | ||
Rm Actual Mortgage Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Rm Actual 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
249Origination Dollar Volume (All Markets)
$31,625,000Awards
RM ACTUAL MORTGAGE - 2024
RM ACTUAL MORTGAGE is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for RM ACTUAL 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.
Relative Rate
Rm Actual Mortgage's average 30 year fixed mortgage rate was
6.67%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.12%.
Relative Fees (Closing Costs)
Rm Actual Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,199.
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 $8,356.
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 JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 192 | $24,010,000 | $125,052 | $8,175 | 6.67% |
| PONCE, PR (FHA|USDA|VA) | 24 | $3,880,000 | $161,667 | $9,523 | 6.70% |
| Arecibo, PR (FHA|USDA|VA) | 8 | $820,000 | $102,500 | $7,182 | 6.88% |
| Santa Isabel, PR (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $8,149 | 6.85% |
| GUAYAMA, PR (FHA|USDA|VA) | 8 | $660,000 | $82,500 | $6,480 | 6.56% |
| Coco, PR (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $7,258 | 6.46% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $10,889 | 6.38% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $7,358 | 6.50% |
| Jayuya, PR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,420 | 6.50% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against RM ACTUAL MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 4
Similarity Rank: 10
Similarity Rank: 20
Similarity Rank: 48
Similarity Rank: 74
Similarity Rank: 117
Similarity Rank: 161
Similarity Rank: 184
Similarity Rank: 192
Similarity Rank: 243
Product Mix
For 2024, Rm Actual Mortgage's most frequently originated type of loan was FHA, with 148 originations. Their 2nd most popular type was USDA, with 69 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 248 | $31,280,000 | $126,129 | $8,166 | 6.66% |
| Cash Out Refi | 1 | $345,000 | $345,000 | $16,407 | 7.50% |
For 2024, Rm Actual Mortgage's most frequently cited loan purpose was Home Purchase, with 248 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 249 | $31,625,000 | $127,008 | $8,199 | 6.67% |
For 2024, Rm Actual Mortgage's most frequently cited loan duration was 30 Year, with 249 originations.
Origination Fees/Closing Costs
Rm Actual Mortgage's average total fees were $8,199, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 98 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 169 | $20,935,000 | $123,876 |
| 5-6% | 43 | $6,715,000 | $156,163 |
| 7-8% | 34 | $3,600,000 | $105,882 |
| Over 8% | 3 | $375,000 | $125,000 |
During 2024, Rm Actual Mortgage's average interest rate for loans was 6.67%, while their most frequently originated rate bucket for loans was 6-7%, with 169 originations.
Loan Sizing
2024 saw Rm Actual Mortgage place emphasis on $100k-200k loans with 124 originations, totaling $16,870,000 in origination value.
Applicant Income
Rm Actual Mortgage lent most frequently to those with incomes in the $50k or less range, with 169 originations. The second most popular income band? $50k-75k, with 51 originations.
Applicant Debt to Income Ratio
Rm Actual Mortgage lent most frequently to those with DTI ratios of 30-36%, with 49 originations. The next most common DTI ratio? 20-30%, with 36 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 248 | $31,500,000 | $127,016 | $8,200 | 6.67% |
| Black | 1 | $125,000 | $125,000 | $7,957 | 6.75% |
Approval Rates
Total approvals of all applications88.13%
Rm Actual Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination81.12%
Rm Actual Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5038.4 | 1 | $175,000 | $175,000 |
| NA | 248 | $31,450,000 | $126,815 |