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, Refi, and Cash Out Refi loans. R M K Financial Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, Washington, Sacramento, and Houston among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)R M K Financial Corp. 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. 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
1,089Origination Dollar Volume (All Markets)
$429,555,000Top 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) | 427 | $196,095,000 | $459,239 | $0 | 3.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 227 | $79,855,000 | $351,784 | $0 | 3.19% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 136 | $50,210,000 | $369,191 | $0 | 2.99% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 30 | $10,200,000 | $340,000 | $0 | 2.95% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 33 | $9,335,000 | $282,879 | $0 | 3.33% |
| Outside of Metro Areas | 19 | $7,415,000 | $390,263 | $0 | 3.01% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $7,130,000 | $594,167 | $0 | 3.73% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 15 | $6,815,000 | $454,333 | $0 | 3.21% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 21 | $6,495,000 | $309,286 | $0 | 2.91% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 17 | $6,095,000 | $358,529 | $0 | 3.41% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 10 | $5,290,000 | $529,000 | $0 | 3.08% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 20 | $5,020,000 | $251,000 | $0 | 3.64% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 17 | $4,755,000 | $279,706 | $0 | 3.66% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 10 | $4,590,000 | $459,000 | $0 | 3.96% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $3,130,000 | $313,000 | $0 | 3.39% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,825,000 | $403,571 | $0 | 3.68% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $2,730,000 | $273,000 | $0 | 4.16% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $2,700,000 | $450,000 | $0 | 2.42% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $0 | 3.10% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $0 | 3.53% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $0 | 3.29% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $0 | 4.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $0 | 4.42% |
| KNOXVILLE, TN (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $0 | 2.77% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $0 | 3.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 4.88% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 2.94% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 2.44% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 2.88% |
| MERCED, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 3.38% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 3.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 4.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 2.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 5.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 4.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 4.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 3.38% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 3.38% |
| MADERA, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 2.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 3.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 3.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 3.38% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 3.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 3.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.88% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.25% |
| Los Alamos, NM (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.38% |
| CHICO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.88% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 2.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.38% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 846 | $329,530,000 | $389,515 | $0 | 3.18% |
| FHA | 234 | $96,280,000 | $411,453 | $0 | 3.47% |
| VA | 9 | $3,745,000 | $416,111 | $0 | 2.85% |
For 2021, R M K Financial Corp.'s most frequently originated type of loan was Conventional, with 846 originations. Their 2nd most popular type was FHA, with 234 originations.
Loan Reason
For 2021, R M K Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 393 originations. The 2nd most popular reason was Refi, with 392 originations.
Loan Duration/Length
For 2021, R M K Financial Corp.'s most frequently cited loan duration was 30 Year, with 997 originations. The 2nd most popular length was 15 Year, with 62 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 715 originations.
Interest Rates
During 2021, R M K Financial Corp.'s average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 2.5-3%, with 468 originations.
Loan Sizing
2021 saw R M K Financial Corp. place emphasis on $200k-400k loans with 495 originations, totaling $152,385,000 in origination value.
Applicant Income
R M K Financial Corp. lent most frequently to those with incomes in the $100k-150k range, with 299 originations. The second most popular income band? $75k-100k, with 256 originations.
Applicant Debt to Income Ratio
R M K Financial Corp. lent most frequently to those with DTI ratios of 30-36%, with 130 originations. The next most common DTI ratio? 20-30%, with 119 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.07%
R M K Financial Corp. has a below average approval rate.
Pick Rate
Approvals leading to origination47.29%
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 | 1,089 | $429,555,000 | $394,449 |