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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 15 Year FHA Refi | 5.68% | 12/16/24 |
| 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. | ||
R M K Financial Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,176Origination Dollar Volume (All Markets)
$1,201,720,000Top 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) | 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% |
Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications91.69%
R M K Financial Corp. has an average approval rate.
Pick Rate
Approvals leading to origination40.02%
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
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| RMK Financial Corp | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |