R M K Financial Corp. Mortgage Rates, Fees & Info
ONTARIO, CALEI: 549300X72Q5WKCW2QQ95
Tax ID: 33-0750812
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Mortgage Data
Review & Overview
R M K Financial Corp. is a smaller mortgage company specializing in Home Purchase loans. R M K Financial Corp. has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, Seattle, and Washington among others. We have data for 80 markets. (Some data included below & more in-depth data is available with an active subscription.)R M K Financial Corp. 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. They typically have about average rates.
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Originations
1,506Origination Dollar Volume (All Markets)
$538,370,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 392 | $179,330,000 | $457,474 | $0 | 4.75% |
| Outside of Metro Areas | 419 | $129,665,000 | $309,463 | $0 | 4.80% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 196 | $61,340,000 | $312,959 | $0 | 4.48% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 82 | $43,330,000 | $528,415 | $0 | 4.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 52 | $22,800,000 | $438,462 | $0 | 5.29% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 56 | $18,370,000 | $328,036 | $0 | 5.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $6,570,000 | $469,286 | $0 | 4.71% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 26 | $6,140,000 | $236,154 | $0 | 4.89% |
| STOCKTON, CA (FHA|USDA|VA) | 16 | $6,070,000 | $379,375 | $0 | 4.98% |
| MODESTO, CA (FHA|USDA|VA) | 17 | $6,055,000 | $356,176 | $0 | 5.15% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $3,630,000 | $259,286 | $0 | 5.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $3,470,000 | $192,778 | $0 | 4.67% |
| VALLEJO, CA (FHA|USDA|VA) | 8 | $3,030,000 | $378,750 | $0 | 4.94% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $2,945,000 | $327,222 | $0 | 5.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 10 | $2,800,000 | $280,000 | $0 | 4.74% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $2,705,000 | $245,909 | $0 | 5.19% |
| SALINAS, CA (FHA|USDA|VA) | 5 | $2,395,000 | $479,000 | $0 | 4.40% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $2,260,000 | $226,000 | $0 | 4.74% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 9 | $2,215,000 | $246,111 | $0 | 4.08% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $2,170,000 | $361,667 | $0 | 5.02% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $2,105,000 | $233,889 | $0 | 5.18% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $1,950,000 | $487,500 | $0 | 4.31% |
| EL PASO, TX (FHA|USDA|VA) | 16 | $1,910,000 | $119,375 | $0 | 4.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $0 | 5.04% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $0 | 4.44% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $0 | 5.28% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $0 | 5.23% |
| Centralia, WA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $0 | 5.46% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $0 | 4.84% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 4.96% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 5.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $0 | 4.34% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 4.31% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 5.44% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $0 | 4.81% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 4.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 3.96% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 5.04% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 5.06% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 5.19% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 5.38% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 5.38% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 4.54% |
| REDDING, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 5.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 4.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 4.81% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 3.50% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 4.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 5.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 4.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.38% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 5.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 5.88% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 5.13% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 4.56% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.38% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.50% |
| New Castle, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.25% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.38% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.75% |
| Lake City, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.38% |
| RACINE, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.38% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.38% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.88% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.63% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.38% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.75% |
| Shelby, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.38% |
| OCALA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.38% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 852 | $329,050,000 | $386,209 | $0 | 4.83% |
| FHA | 540 | $179,600,000 | $332,593 | $0 | 4.82% |
| VA | 114 | $29,720,000 | $260,702 | $0 | 4.42% |
For 2019, R M K Financial Corp.'s most frequently originated type of loan was Conventional, with 852 originations. Their 2nd most popular type was FHA, with 540 originations.
Loan Reason
For 2019, R M K Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 1,049 originations. The 2nd most popular reason was Cash Out Refi, with 273 originations.
Loan Duration/Length
For 2019, R M K Financial Corp.'s most frequently cited loan duration was 30 Year, with 1,484 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
R M K Financial Corp.'s average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 766 originations.
Interest Rates
During 2019, R M K Financial Corp.'s average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 666 originations.
Loan Sizing
2019 saw R M K Financial Corp. place emphasis on $200k-400k loans with 680 originations, totaling $206,910,000 in origination value.
Applicant Income
R M K Financial Corp. lent most frequently to those with incomes in the $100k-150k range, with 454 originations. The second most popular income band? $75k-100k, with 441 originations.
Applicant Debt to Income Ratio
R M K Financial Corp. lent most frequently to those with DTI ratios of 30-36%, with 169 originations. The next most common DTI ratio? 50-60%, with 137 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.03%
R M K Financial Corp. has an average approval rate.
Pick Rate
Approvals leading to origination53.05%
R M K Financial Corp. 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 | 1,506 | $538,370,000 | $357,483 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 29 | $4,965,000 | $171,207 |
| Single Family (1-4 Units):Site-Built | 1,477 | $533,405,000 | $361,141 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| RMK Financial Corp | FHA mortgage | Trouble during payment process | 1 | 100.0% |