R M K Financial Corp. Mortgage Rates, Fees & Info

ONTARIO, CA

LEI: 549300X72Q5WKCW2QQ95

Tax ID: 33-0750812

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    R M K Financial Corp. is a small mortgage company specializing in Refi and Home Purchase loans. R M K Financial Corp. 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 by origination volume include: Los Angeles, Riverside, San Francisco, Washington, and Sacramento among others. We have data for 68 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.

    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.

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    Originations

    3,176

    Origination Dollar Volume (All Markets)

    $1,201,720,000

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,070 $454,920,000 $425,159 $0 3.13%
    Outside of Metro Areas 611 $220,905,000 $361,547 $0 3.73%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 440 $147,890,000 $336,114 $0 3.26%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 186 $89,530,000 $481,344 $0 3.44%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 181 $64,825,000 $358,149 $0 3.01%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 110 $34,720,000 $315,636 $0 2.97%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 58 $30,230,000 $521,207 $0 4.39%
    STOCKTON, CA (FHA|USDA|VA) 49 $18,095,000 $369,286 $0 3.44%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 72 $16,890,000 $234,583 $0 3.64%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 34 $14,330,000 $421,471 $0 3.36%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 29 $11,985,000 $413,276 $0 2.81%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 29 $9,415,000 $324,655 $0 3.16%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 20 $9,300,000 $465,000 $0 3.09%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 34 $8,460,000 $248,824 $0 3.60%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 26 $7,110,000 $273,462 $0 3.50%
    BAKERSFIELD, CA (FHA|USDA|VA) 30 $7,080,000 $236,000 $0 3.56%
    VALLEJO, CA (FHA|USDA|VA) 15 $6,505,000 $433,667 $0 3.66%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 19 $5,285,000 $278,158 $0 3.31%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 19 $4,505,000 $237,105 $0 3.20%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 11 $4,455,000 $405,000 $0 3.02%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $3,610,000 $361,000 $0 3.25%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $2,785,000 $253,182 $0 3.74%
    KNOXVILLE, TN (FHA|USDA|VA) 11 $2,155,000 $195,909 $0 2.75%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $2,090,000 $348,333 $0 2.65%
    FRESNO, CA (FHA|USDA|VA) 8 $1,910,000 $238,750 $0 3.77%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $1,660,000 $207,500 $0 4.30%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 6 $1,530,000 $255,000 $0 3.63%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $1,455,000 $207,857 $0 2.82%
    MODESTO, CA (FHA|USDA|VA) 4 $1,340,000 $335,000 $0 3.34%
    VISALIA, CA (FHA|USDA|VA) 4 $1,030,000 $257,500 $0 3.48%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $935,000 $311,667 $0 3.38%
    MERCED, CA (FHA|USDA|VA) 3 $915,000 $305,000 $0 4.13%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $910,000 $455,000 $0 4.06%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $865,000 $288,333 $0 2.96%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $855,000 $285,000 $0 2.54%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $720,000 $360,000 $0 3.06%
    RICHMOND, VA (FHA|USDA|VA) 2 $710,000 $355,000 $0 2.56%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $645,000 $215,000 $0 3.21%
    EL CENTRO, CA (FHA|USDA|VA) 2 $630,000 $315,000 $0 2.81%
    SALINAS, CA (FHA|USDA|VA) 2 $580,000 $290,000 $0 3.81%
    MADERA, CA (FHA|USDA|VA) 2 $540,000 $270,000 $0 3.31%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 2.88%
    YUBA CITY, CA (FHA|USDA|VA) 2 $480,000 $240,000 $0 2.56%
    MORRISTOWN, TN (FHA|USDA|VA) 2 $470,000 $235,000 $0 2.63%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $425,000 $425,000 $0 4.38%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $415,000 $415,000 $0 3.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $380,000 $190,000 $0 3.06%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $375,000 $375,000 $0 4.50%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $325,000 $325,000 $0 2.88%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.13%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.25%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $310,000 $155,000 $0 3.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $295,000 $295,000 $0 2.63%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 2.88%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.50%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.38%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.50%
    HAMMOND, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.50%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.50%
    CHICO, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 2.88%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.88%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.88%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 2.50%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.25%
    LONGVIEW, WA (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.38%
    R M K Financial Corp.'s top markets include Los Angeles, Riverside, San Francisco, Washington, and Sacramento among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,523 $957,055,000 $379,332 $0 3.19%
    FHA 633 $237,945,000 $375,900 $0 3.92%
    VA 12 $5,060,000 $421,667 $0 3.01%
    USDA 8 $1,660,000 $207,500 $0 2.69%

    For 2020, R M K Financial Corp.'s most frequently originated type of loan was Conventional, with 2,523 originations. Their 2nd most popular type was FHA, with 633 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,391 $507,975,000 $365,187 $0 2.90%
    Home Purchase 1,173 $460,935,000 $392,954 $0 3.92%
    Cash Out Refi 612 $232,810,000 $380,408 $0 3.19%

    For 2020, R M K Financial Corp.'s most frequently cited loan purpose was Refi, with 1,391 originations. The 2nd most popular reason was Home Purchase, with 1,173 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,869 $1,105,295,000 $385,254 $0 3.41%
    15 Year 202 $65,110,000 $322,327 $0 2.52%
    20 Year 84 $26,130,000 $311,071 $0 2.77%
    10 Year 17 $3,425,000 $201,471 $0 2.43%
    Other 4 $1,760,000 $440,000 $0 2.91%

    For 2020, R M K Financial Corp.'s most frequently cited loan duration was 30 Year, with 2,869 originations. The 2nd most popular length was 15 Year, with 202 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,847 $785,645,000 $425,363
    $<1k 437 $165,395,000 $378,478
    $4k-5k 307 $94,725,000 $308,550
    $3k-4k 255 $70,635,000 $277,000
    $2k-3k 203 $47,375,000 $233,374
    $1k-2k 127 $37,945,000 $298,780

    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 1,847 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,130 $421,700,000 $373,186
    3-4% 1,023 $385,825,000 $377,151
    4-5% 561 $235,905,000 $420,508
    <2.5% 391 $133,415,000 $341,215
    5-6% 64 $24,700,000 $385,938
    7-8% 1 $105,000 $105,000

    During 2020, R M K Financial Corp.'s average interest rate for loans was 3.41%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,548 $474,810,000 $306,725 $0 3.28%
    $400k-600k 1,127 $538,345,000 $477,680 $0 3.38%
    $100k-200k 271 $44,395,000 $163,819 $0 3.21%
    $600k-1MM 206 $143,070,000 $694,515 $0 3.64%
    $100,000 or less 24 $1,100,000 $45,833 $0 2.76%

    2020 saw R M K Financial Corp. place emphasis on $200k-400k loans with 1,548 originations, totaling $474,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,026 $432,890,000 $421,920 $0 3.41%
    $75k-100k 767 $275,045,000 $358,598 $0 3.47%
    $50k-75k 566 $158,530,000 $280,088 $0 3.30%
    $150k-250k 494 $231,750,000 $469,130 $0 3.18%
    $250k+ 149 $61,965,000 $415,872 $0 3.00%
    $50k or less 139 $28,205,000 $202,914 $0 3.14%

    R M K Financial Corp. lent most frequently to those with incomes in the $100k-150k range, with 1,026 originations. The second most popular income band? $75k-100k, with 767 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 515 $187,715,000 $364,495 $0 3.20%
    20-30% 432 $154,750,000 $358,218 $0 2.98%
    44% 195 $75,605,000 $387,718 $0 3.47%
    40% 195 $78,715,000 $403,667 $0 3.62%
    42% 165 $61,705,000 $373,970 $0 3.50%
    43% 164 $64,150,000 $391,159 $0 3.54%
    39% 157 $63,305,000 $403,217 $0 3.49%
    <20% 149 $46,705,000 $313,456 $0 2.83%
    45% 149 $57,615,000 $386,678 $0 3.38%
    41% 140 $55,170,000 $394,071 $0 3.47%
    38% 131 $50,095,000 $382,405 $0 3.47%
    50-60% 127 $48,675,000 $383,268 $0 3.74%
    46% 125 $50,095,000 $400,760 $0 3.28%
    47% 122 $48,380,000 $396,557 $0 3.41%
    37% 116 $42,710,000 $368,190 $0 3.43%
    49% 107 $43,275,000 $404,439 $0 3.35%
    36% 97 $37,265,000 $384,175 $0 3.45%
    48% 89 $35,525,000 $399,157 $0 3.33%
    >60% 1 $265,000 $265,000 $0 3.13%

    R M K Financial Corp. lent most frequently to those with DTI ratios of 30-36%, with 515 originations. The next most common DTI ratio? 20-30%, with 432 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 2,460 $928,910,000 $377,606 $0 3.21%
    Asian 464 $182,550,000 $393,427 $0 3.73%
    White 188 $68,880,000 $366,383 $0 3.76%
    Black 59 $19,575,000 $331,780 $0 4.01%
    Native Hawaiian or Islander 4 $1,540,000 $385,000 $0 3.53%
    American Indian 1 $265,000 $265,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    91.69%

    R M K Financial Corp. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    40.02%

    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 3,176 $1,201,720,000 $378,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 13 $3,445,000 $265,000
    Single Family (1-4 Units):Site-Built 3,163 $1,198,275,000 $378,841

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 255 $72,945,000 $286,059 $0 2.85%
    40-60% 709 $258,095,000 $364,027 $0 2.95%
    60-80% 1,308 $528,600,000 $404,128 $0 3.37%
    80-100% 871 $336,555,000 $386,401 $0 3.75%
    Over 100% 4 $1,450,000 $362,500 $0 2.84%
    Under 20% 29 $4,075,000 $140,517 $0 2.83%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    RMK Financial Corp Conventional home mortgage Closing on a mortgage 1 100.0%