R M K Financial Corp. Mortgage Rates, Fees & Info
ONTARIO, CALEI: 549300X72Q5WKCW2QQ95
Tax ID: 33-0750812
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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 | 6.27% | 4/18/24 |
| 30 Year Conventional Refi | 6.27% | 4/18/24 |
| 30 Year Cash-out Refi | 6.27% | 4/18/24 |
| 30 Year FHA Purchase | 6.27% | 4/18/24 |
| 30 Year FHA Refi | 6.27% | 4/18/24 |
| 30 Year VA Purchase | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 5.68% | 4/18/24 |
| 15 Year Conventional Refi | 5.68% | 4/18/24 |
| 15 Year Cash-out Refi | 5.68% | 4/18/24 |
| 15 Year FHA Refi | 5.68% | 4/18/24 |
| 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from R M K Financial Corp.. 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
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% |