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. They have a a high proportion of FHA loans. R M K Financial Corp. has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Washington, Houston, and Bakersfield among others. We have data for 60 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 an average pick rate when compared to similar lenders. They typically have relatively high 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,022Origination Dollar Volume (All Markets)
$453,580,000Top 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) | 316 | $176,860,000 | $559,684 | $0 | 5.35% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 202 | $87,650,000 | $433,911 | $0 | 5.30% |
| Outside of Metro Areas | 113 | $46,975,000 | $415,708 | $0 | 5.66% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 58 | $22,280,000 | $384,138 | $0 | 5.28% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 49 | $15,025,000 | $306,633 | $0 | 5.09% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 42 | $13,020,000 | $310,000 | $0 | 5.59% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 30 | $11,600,000 | $386,667 | $0 | 6.10% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 28 | $9,880,000 | $352,857 | $0 | 5.32% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 11 | $8,465,000 | $769,545 | $0 | 5.41% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 14 | $7,380,000 | $527,143 | $0 | 5.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 21 | $7,045,000 | $335,476 | $0 | 5.59% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 12 | $5,250,000 | $437,500 | $0 | 4.92% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 17 | $4,005,000 | $235,588 | $0 | 5.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $3,285,000 | $657,000 | $0 | 5.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $2,685,000 | $244,091 | $0 | 5.44% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 6 | $2,550,000 | $425,000 | $0 | 5.23% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 8 | $2,390,000 | $298,750 | $0 | 5.61% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $0 | 5.55% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $2,035,000 | $678,333 | $0 | 5.92% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $2,015,000 | $671,667 | $0 | 5.63% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $0 | 3.78% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $0 | 5.10% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $0 | 4.53% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $0 | 5.63% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 6.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $0 | 5.67% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $0 | 6.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 5.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 7.03% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 6.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 4.88% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 5.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 5.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 5.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 8.75% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 5.38% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 5.75% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 7.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 4.69% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 4.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 6.63% |
| TULSA, OK (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 6.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 6.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 5.50% |
| MADERA, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.88% |
| Troy, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 5.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.25% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 5.88% |
| MERCED, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.50% |
| Torrington, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 6.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.38% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.13% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.38% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.88% |
| MONROE, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.13% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 650 | $286,320,000 | $440,492 | $0 | 5.40% |
| Conventional | 367 | $164,475,000 | $448,161 | $0 | 5.43% |
| VA | 5 | $2,785,000 | $557,000 | $0 | 5.35% |
For 2022, R M K Financial Corp.'s most frequently originated type of loan was FHA, with 650 originations. Their 2nd most popular type was Conventional, with 367 originations.
Loan Reason
For 2022, R M K Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 756 originations. The 2nd most popular reason was Cash Out Refi, with 202 originations.
Loan Duration/Length
For 2022, R M K Financial Corp.'s most frequently cited loan duration was 30 Year, with 1,002 originations. The 2nd most popular length was 15 Year, with 10 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 814 originations.
Interest Rates
During 2022, R M K Financial Corp.'s average interest rate for loans was 5.44%, while their most frequently originated rate bucket for loans was 5-6%, with 372 originations.
Loan Sizing
2022 saw R M K Financial Corp. place emphasis on $200k-400k loans with 433 originations, totaling $134,665,000 in origination value.
Applicant Income
R M K Financial Corp. lent most frequently to those with incomes in the $100k-150k range, with 332 originations. The second most popular income band? $75k-100k, with 274 originations.
Applicant Debt to Income Ratio
R M K Financial Corp. lent most frequently to those with DTI ratios of 50-60%, with 236 originations. The next most common DTI ratio? 45%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.96%
R M K Financial Corp. has an average approval rate.
Pick Rate
Approvals leading to origination94.91%
R M K Financial Corp. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,022 | $453,580,000 | $443,816 |