R M K Financial Corp. Mortgage Lending & HMDA Data, 2020

In 2020, R M K Financial Corp. of Ontario, CA reported 6,416 mortgage applications totaling $2.4 billion, up 164% from 2019. The average application was for $379,993, and applicants reported an average income of $125,495. 50% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,425), Riverside-San Bernardino-Ontario, CA (781) and Anaheim-Santa Ana-Irvine, CA (508) (applications in parentheses).

Mortgage Company & Address R M K Financial Corp.
1819 S. Excise Avenue
Ontario, CA 91761
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2010  2009  
Total Number of Mortgage Applications 6,416
Total Mortgage Loan Application Amount $2,438,040,000
Average Mortgage Loan Application Amount $379,993
Highest Mortgage Loan Application Amount $1,535,000
Average Applicant Income $125,495
Highest Applicant Income $8,500,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records R M K Financial Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for R M K Financial Corp. by County in 2020

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 1,425 $ 624,405,000 $ 438,178 $ 125,000
Orange, California 508 $ 216,720,000 $ 426,614 $ 126,000
San Bernardino, California 425 $ 143,955,000 $ 338,717 $ 116,000
Riverside, California 356 $ 121,500,000 $ 341,292 $ 136,000
Sacramento, California 137 $ 42,415,000 $ 309,598 $ 135,000
Alameda, California 134 $ 65,030,000 $ 485,298 $ 140,000
Contra Costa, California 110 $ 51,450,000 $ 467,727 $ 122,000
San Joaquin, California 92 $ 33,660,000 $ 365,869 $ 109,000
Fairfax, Virginia 90 $ 32,220,000 $ 358,000 $ 102,000
Prince William, Virginia 76 $ 25,730,000 $ 338,552 $ 117,000
Harris, Texas 71 $ 15,765,000 $ 222,042 $ 91,000
Santa Clara, California 66 $ 30,070,000 $ 455,606 $ 159,000
Fort Bend, Texas 65 $ 16,255,000 $ 250,076 $ 85,000
San Diego, California 55 $ 22,885,000 $ 416,090 $ 112,000
San Mateo, California 55 $ 27,435,000 $ 498,818 $ 138,000
Kern, California 54 $ 12,690,000 $ 235,000 $ 83,000
King, Washington 49 $ 24,835,000 $ 506,836 $ 115,000
San Francisco, California 41 $ 22,915,000 $ 558,902 $ 127,000
Miami-Dade, Florida 39 $ 11,315,000 $ 290,128 $ 83,000
Prince George's, Maryland 37 $ 11,005,000 $ 297,432 $ 92,000
Loudoun, Virginia 37 $ 13,935,000 $ 376,621 $ 105,000
Solano, California 34 $ 14,770,000 $ 434,411 $ 103,000
Montgomery, Maryland 32 $ 12,760,000 $ 398,750 $ 108,000
Pierce, Washington 31 $ 16,005,000 $ 516,290 $ 127,000
Ventura, California 26 $ 11,890,000 $ 457,307 $ 144,000
Gwinnett, Georgia 25 $ 5,975,000 $ 239,000 $ 72,000
Fresno, California 24 $ 6,000,000 $ 250,000 $ 80,000
Tulare, California 19 $ 5,775,000 $ 303,947 $ 95,000
Philadelphia, Pennsylvania 18 $ 3,670,000 $ 203,888 $ 77,000
Montgomery, Pennsylvania 17 $ 4,565,000 $ 268,529 $ 108,000
Collin, Texas 16 $ 4,900,000 $ 306,250 $ 103,000
Lee, Florida 15 $ 3,155,000 $ 210,333 $ 94,000
Placer, California 14 $ 4,740,000 $ 338,571 $ 175,000
Broward, Florida 14 $ 3,750,000 $ 267,857 $ 101,000
Howard, Maryland 14 $ 5,350,000 $ 382,142 $ 132,000
Clackamas, Oregon 14 $ 6,040,000 $ 431,428 $ 155,000
Cook, Illinois 13 $ 3,155,000 $ 242,692 $ 119,000
Anne Arundel, Maryland 12 $ 3,830,000 $ 319,166 $ 105,000
Passaic, New Jersey 12 $ 3,500,000 $ 291,666 $ 206,000
Bexar, Texas 12 $ 2,590,000 $ 215,833 $ 70,000
El Dorado, California 11 $ 4,195,000 $ 381,363 $ 190,000
Baltimore, Maryland 11 $ 3,295,000 $ 299,545 $ 90,000
Santa Barbara, California 10 $ 3,670,000 $ 367,000 $ 118,000
Knox, Tennessee 10 $ 2,030,000 $ 203,000 $ 94,000
Denton, Texas 10 $ 3,140,000 $ 314,000 $ 109,000
Sonoma, California 9 $ 4,095,000 $ 455,000 $ 150,000
Stanislaus, California 9 $ 2,885,000 $ 320,555 $ 151,000
Yolo, California 9 $ 3,135,000 $ 348,333 $ 189,000
Fulton, Georgia 9 $ 2,415,000 $ 268,333 $ 98,000
Merced, California 8 $ 2,680,000 $ 335,000 $ 105,000
Monterey, California 8 $ 2,740,000 $ 342,500 $ 97,000
Clark, Nevada 8 $ 1,690,000 $ 211,250 $ 78,000
Stafford, Virginia 8 $ 2,640,000 $ 330,000 $ 84,000
Middlesex, New Jersey 7 $ 2,115,000 $ 302,142 $ 61,000
Dallas, Texas 7 $ 1,485,000 $ 212,142 $ 112,000
Tarrant, Texas 7 $ 1,845,000 $ 263,571 $ 87,000
Duval, Florida 6 $ 1,030,000 $ 171,666 $ 68,000
Palm Beach, Florida 6 $ 1,660,000 $ 276,666 $ 87,000
Baltimore City, Maryland 6 $ 1,070,000 $ 178,333 $ 98,000
Frederick, Maryland 6 $ 2,390,000 $ 398,333 $ 114,000
Somerset, New Jersey 6 $ 1,910,000 $ 318,333 $ 103,000
Snohomish, Washington 6 $ 3,350,000 $ 558,333 $ 119,000
Polk, Florida 5 $ 1,225,000 $ 245,000 $ 63,000
Cobb, Georgia 5 $ 1,085,000 $ 217,000 $ 90,000
Delaware, Pennsylvania 5 $ 1,355,000 $ 271,000 $ 76,000
Madera, California 4 $ 1,160,000 $ 290,000 $ 90,000
San Luis Obispo, California 4 $ 1,330,000 $ 332,500 $ 73,000
Collier, Florida 4 $ 770,000 $ 192,500 $ 68,000
Orange, Florida 4 $ 800,000 $ 200,000 $ 36,000
Osceola, Florida 4 $ 1,080,000 $ 270,000 $ 68,000
Douglas, Georgia 4 $ 1,030,000 $ 257,500 $ 89,000
Bergen, New Jersey 4 $ 1,650,000 $ 412,500 $ 134,000
Multnomah, Oregon 4 $ 1,610,000 $ 402,500 $ 108,000
Washington, Oregon 4 $ 1,510,000 $ 377,500 $ 101,000
Campbell, Tennessee 4 $ 770,000 $ 192,500 $ 70,000
El Paso, Texas 4 $ 490,000 $ 122,500 $ 60,000
Travis, Texas 4 $ 1,190,000 $ 297,500 $ 88,000
Arlington, Virginia 4 $ 1,180,000 $ 295,000 $ 125,000
Fauquier, Virginia 4 $ 1,610,000 $ 402,500 $ 95,000
Manassas, Virginia 4 $ 1,380,000 $ 345,000 $ 60,000
Manassas Park, Virginia 4 $ 950,000 $ 237,500 $ 121,000
Spotsylvania, Virginia 4 $ 950,000 $ 237,500 $ 75,000
Butte, California 3 $ 595,000 $ 198,333 $ 122,000
Shasta, California 3 $ 735,000 $ 245,000 $ 126,000
Arapahoe, Colorado 3 $ 1,365,000 $ 455,000 $ 119,000
Hartford, Connecticut 3 $ 685,000 $ 228,333 $ 37,000
Manatee, Florida 3 $ 795,000 $ 265,000 $ 51,000
DeKalb, Georgia 3 $ 585,000 $ 195,000 $ 46,000
Henry, Georgia 3 $ 845,000 $ 281,666 $ 127,000
Will, Illinois 3 $ 525,000 $ 175,000 $ 75,000
Jefferson, Louisiana 3 $ 805,000 $ 268,333 $ 59,000
Charles, Maryland 3 $ 895,000 $ 298,333 $ 71,000
Union, New Jersey 3 $ 915,000 $ 305,000 $ 118,000
Bucks, Pennsylvania 3 $ 875,000 $ 291,666 $ 100,000
Blount, Tennessee 3 $ 775,000 $ 258,333 $ 116,000
Brazoria, Texas 3 $ 745,000 $ 248,333 $ 75,000
Comal, Texas 3 $ 685,000 $ 228,333 $ 82,000
Montgomery, Texas 3 $ 695,000 $ 231,666 $ 88,000
Williamson, Texas 3 $ 655,000 $ 218,333 $ 93,000
Fairfax City, Virginia 3 $ 1,395,000 $ 465,000 $ 126,000
Montgomery, Virginia 3 $ 1,005,000 $ 335,000 $ 124,000
Maricopa, Arizona 2 $ 270,000 $ 135,000 $ 42,000
Imperial, California 2 $ 630,000 $ 315,000 $ 110,000
Santa Cruz, California 2 $ 930,000 $ 465,000 $ 119,000
Yuba, California 2 $ 690,000 $ 345,000 $ 93,000
New Castle, Delaware 2 $ 410,000 $ 205,000 $ 43,000
Lake, Florida 2 $ 510,000 $ 255,000 $ 42,000
Leon, Florida 2 $ 450,000 $ 225,000 $ 45,000
Sarasota, Florida 2 $ 500,000 $ 250,000 $ 64,000
St. Lucie, Florida 2 $ 490,000 $ 245,000 $ 69,000
Cherokee, Georgia 2 $ 780,000 $ 390,000 $ 108,000
Clayton, Georgia 2 $ 350,000 $ 175,000 $ 63,000
Fayette, Georgia 2 $ 730,000 $ 365,000 $ 131,000
Forsyth, Georgia 2 $ 520,000 $ 260,000 $ 89,000
Kane, Illinois 2 $ 490,000 $ 245,000 $ 126,000
Harford, Maryland 2 $ 840,000 $ 420,000 $ 175,000
Washington, Maryland 2 $ 470,000 $ 235,000 $ 112,000
Essex, New Jersey 2 $ 570,000 $ 285,000 $ 89,000
Hudson, New Jersey 2 $ 830,000 $ 415,000 $ 151,000
Wake, North Carolina 2 $ 560,000 $ 280,000 $ 70,000
Sumner, Tennessee 2 $ 410,000 $ 205,000 $ 248,000
Guadalupe, Texas 2 $ 460,000 $ 230,000 $ 88,000
Kaufman, Texas 2 $ 560,000 $ 280,000 $ 113,000
Chesterfield, Virginia 2 $ 580,000 $ 290,000 $ 227,000
Kitsap, Washington 2 $ 910,000 $ 455,000 $ 121,000
Thurston, Washington 2 $ 780,000 $ 390,000 $ 121,000
Marin, California 1 $ 215,000 $ 215,000 $ 165,000
San Benito, California 1 $ 385,000 $ 385,000 $ 109,000
Sutter, California 1 $ 245,000 $ 245,000 $ 83,000
Trinity, California 1 $ 165,000 $ 165,000 $ 45,000
Douglas, Colorado 1 $ 445,000 $ 445,000 $ 97,000
Jefferson, Colorado 1 $ 445,000 $ 445,000 $ 100,000
Fairfield, Connecticut 1 $ 105,000 $ 105,000 $ 60,000
New Haven, Connecticut 1 $ 325,000 $ 325,000 $ 82,000
New London, Connecticut 1 $ 225,000 $ 225,000 $ 171,000
District of Columbia, District Of Columbia 1 $ 275,000 $ 275,000 $ 92,000
Brevard, Florida 1 $ 155,000 $ 155,000 $ 70,000
Clay, Florida 1 $ 305,000 $ 305,000 $ 80,000
Escambia, Florida 1 $ 505,000 $ 505,000 $ 162,000
Hillsborough, Florida 1 $ 125,000 $ 125,000 $ 66,000
Marion, Florida 1 $ 205,000 $ 205,000 $ 42,000
Martin, Florida 1 $ 365,000 $ 365,000 $ 310,000
Seminole, Florida 1 $ 405,000 $ 405,000 $ 141,000
St. Johns, Florida 1 $ 225,000 $ 225,000 $ 173,000
Volusia, Florida 1 $ 185,000 $ 185,000 $ 91,000
Barrow, Georgia 1 $ 205,000 $ 205,000 $ 57,000
Bartow, Georgia 1 $ 265,000 $ 265,000 $ 89,000
Houston, Georgia 1 $ 115,000 $ 115,000 $ 46,000
Newton, Georgia 1 $ 285,000 $ 285,000 $ 61,000
Rockdale, Georgia 1 $ 365,000 $ 365,000 $ 85,000
Walton, Georgia 1 $ 245,000 $ 245,000 $ 50,000
DuPage, Illinois 1 $ 305,000 $ 305,000 $ 145,000
McHenry, Illinois 1 $ 155,000 $ 155,000 $ 95,000
Tangipahoa, Louisiana 1 $ 205,000 $ 205,000 $ 91,000
Carroll, Maryland 1 $ 235,000 $ 235,000 $ 55,000
St. Mary's, Maryland 1 $ 315,000 $ 315,000 $ 68,000
Burlington, New Jersey 1 $ 175,000 $ 175,000 $ 123,000
Hunterdon, New Jersey 1 $ 485,000 $ 485,000 $ 187,000
Mercer, New Jersey 1 $ 275,000 $ 275,000 $ 64,000
Monmouth, New Jersey 1 $ 255,000 $ 255,000 $ 112,000
Morris, New Jersey 1 $ 395,000 $ 395,000 $ 101,000
Ocean, New Jersey 1 $ 195,000 $ 195,000 $ 86,000
Bernalillo, New Mexico 1 $ 175,000 $ 175,000 $ 33,000
Currituck, North Carolina 1 $ 105,000 $ 105,000 $ 112,000
Franklin, North Carolina 1 $ 215,000 $ 215,000 $ 42,000
Mecklenburg, North Carolina 1 $ 195,000 $ 195,000 $ 92,000
Linn, Oregon 1 $ 235,000 $ 235,000 $ 98,000
Allegheny, Pennsylvania 1 $ 185,000 $ 185,000 $ 63,000
Centre, Pennsylvania 1 $ 175,000 $ 175,000 $ 224,000
Chester, Pennsylvania 1 $ 205,000 $ 205,000 $ 34,000
Northampton, Pennsylvania 1 $ 295,000 $ 295,000 $ 120,000
Richland, South Carolina 1 $ 135,000 $ 135,000 $ 31,000
Cheatham, Tennessee 1 $ 145,000 $ 145,000 $ 94,000
Hamblen, Tennessee 1 $ 245,000 $ 245,000 $ 44,000
Hamilton, Tennessee 1 $ 215,000 $ 215,000 $ 39,000
Jefferson, Tennessee 1 $ 225,000 $ 225,000 $ 47,000
Galveston, Texas 1 $ 245,000 $ 245,000 $ 70,000
Hidalgo, Texas 1 $ 245,000 $ 245,000 $ 80,000
Nueces, Texas 1 $ 415,000 $ 415,000 $ 141,000
Wilson, Texas 1 $ 395,000 $ 395,000 $ 116,000
Frederick, Virginia 1 $ 325,000 $ 325,000 $ 70,000
Hanover, Virginia 1 $ 325,000 $ 325,000 $ 144,000
Newport News, Virginia 1 $ 325,000 $ 325,000 $ 118,000
Pulaski, Virginia 1 $ 305,000 $ 305,000 $ 115,000
Richmond City, Virginia 1 $ 275,000 $ 275,000 $ 70,000
Waynesboro, Virginia 1 $ 215,000 $ 215,000 $ 25,000
Clark, Washington 1 $ 515,000 $ 515,000 $ 130,000
Cowlitz, Washington 1 $ 95,000 $ 95,000 $ 54,000
Skamania, Washington 1 $ 305,000 $ 305,000 $ 91,000

Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2020

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 2,589 $1,015,775,000 $392,000 $1,535,000 $129,000 $8,500,000
Refinancing 2,578 $952,080,000 $369,000 $995,000 $129,000 $2,350,000
Cash-out Refinancing 1,249 $470,185,000 $376,000 $985,000 $111,000 $690,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not Provided 3,863 $1,501,375,000 $388,000 $995,000 $125,000 $8,500,000
Hispanic 1,369 $479,885,000 $350,000 $955,000 $124,000 $4,853,000
Asian 894 $349,070,000 $390,000 $955,000 $124,000 $7,950,000
White 174 $71,000,000 $408,000 $1,535,000 $157,000 $922,000
Black or African American 108 $34,230,000 $316,000 $765,000 $112,000 $393,000
Native Hawaiian or Other Pacific Islander 7 $2,215,000 $316,000 $675,000 $194,000 $365,000
American Indian or Alaskan Native 1 $265,000 $265,000 $265,000 $65,000 $65,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 4,653 $1,767,565,000 $379,000 $1,535,000 $134,000 $8,500,000
FHA-insured (Federal Housing Administration) 1,704 $651,680,000 $382,000 $955,000 $100,000 $438,000
VA-guaranteed (Veterans Administration) 51 $17,135,000 $335,000 $595,000 $210,000 $5,174,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8 $1,660,000 $207,000 $315,000 $61,000 $112,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 3,176 $1,201,720,000 $378,000 $985,000 $130,000 $4,853,000
Application Withdrawn By Applicant 1,905 $753,255,000 $395,000 $985,000 $122,000 $7,950,000
File Closed For Incompleteness 802 $301,550,000 $375,000 $1,535,000 $139,000 $8,500,000
Application Denied By Financial Institution 533 $181,515,000 $340,000 $775,000 $93,000 $466,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 5,883 $2,256,525,000 $383,000 $1,535,000 $129,000 $8,500,000
Other 294 $92,800,000 $315,000 $775,000 $92,000 $447,000
Credit History 76 $28,190,000 $370,000 $765,000 $106,000 $466,000
Debt-To-Income Ratio 76 $27,960,000 $367,000 $705,000 $74,000 $224,000
Unverifiable Information 33 $15,745,000 $477,000 $775,000 $117,000 $204,000
Employment History 29 $8,925,000 $307,000 $675,000 $80,000 $161,000
Collateral 18 $5,630,000 $312,000 $765,000 $96,000 $203,000
Credit Application Incomplete 4 $1,150,000 $287,000 $375,000 $108,000 $175,000
Insufficient Cash (Downpayment, Closing Cost) 3 $1,115,000 $371,000 $445,000 $114,000 $130,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2020 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess R M K Financial Corp.'s mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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