R M K Financial Corp. Mortgage Lending & HMDA Data, 2021
In 2021, R M K Financial Corp. of Ontario, CA reported 1,978 mortgage applications totaling $790.1 million, down 69% from 2020. The average application was for $399,464, and applicants reported an average income of $116,550. 55% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (592), Riverside-San Bernardino-Ontario, CA (384) and Washington-Arlington-Alexandria, DC-VA-MD-WV (221) (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 | 1,978 |
| Total Mortgage Loan Application Amount | $790,140,000 |
| Average Mortgage Loan Application Amount | $399,464 |
| Highest Mortgage Loan Application Amount | $2,085,000 |
| Average Applicant Income | $116,550 |
| Highest Applicant Income | $3,740,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 592 | $ 283,050,000 | $ 478,125 | $ 126,000 |
| San Bernardino, California | 210 | $ 74,040,000 | $ 352,571 | $ 104,000 |
| Riverside, California | 174 | $ 65,500,000 | $ 376,436 | $ 136,000 |
| Orange, California | 150 | $ 73,360,000 | $ 489,066 | $ 138,000 |
| Fairfax, Virginia | 84 | $ 31,630,000 | $ 376,547 | $ 92,000 |
| Prince William, Virginia | 76 | $ 27,680,000 | $ 364,210 | $ 83,000 |
| Harris, Texas | 48 | $ 11,720,000 | $ 244,166 | $ 98,000 |
| Fort Bend, Texas | 36 | $ 10,020,000 | $ 278,333 | $ 78,000 |
| Sacramento, California | 35 | $ 10,655,000 | $ 304,428 | $ 109,000 |
| Kern, California | 30 | $ 8,560,000 | $ 285,333 | $ 72,000 |
| San Diego, California | 28 | $ 14,290,000 | $ 510,357 | $ 156,000 |
| Philadelphia, Pennsylvania | 19 | $ 4,975,000 | $ 261,842 | $ 69,000 |
| Cook, Illinois | 17 | $ 3,925,000 | $ 230,882 | $ 67,000 |
| Prince George's, Maryland | 17 | $ 6,115,000 | $ 359,705 | $ 111,000 |
| Ventura, California | 16 | $ 7,730,000 | $ 483,125 | $ 123,000 |
| Loudoun, Virginia | 16 | $ 6,230,000 | $ 389,375 | $ 179,000 |
| Baltimore, Maryland | 15 | $ 4,845,000 | $ 323,000 | $ 97,000 |
| Contra Costa, California | 14 | $ 5,340,000 | $ 381,428 | $ 126,000 |
| Santa Clara, California | 14 | $ 8,070,000 | $ 576,428 | $ 164,000 |
| Montgomery, Maryland | 14 | $ 4,920,000 | $ 351,428 | $ 88,000 |
| San Joaquin, California | 12 | $ 4,140,000 | $ 345,000 | $ 124,000 |
| Howard, Maryland | 12 | $ 3,920,000 | $ 326,666 | $ 112,000 |
| Miami-Dade, Florida | 11 | $ 3,535,000 | $ 321,363 | $ 96,000 |
| Alameda, California | 9 | $ 3,815,000 | $ 423,888 | $ 140,000 |
| Gwinnett, Georgia | 9 | $ 3,235,000 | $ 359,444 | $ 183,000 |
| Stafford, Virginia | 9 | $ 3,315,000 | $ 368,333 | $ 75,000 |
| Fulton, Georgia | 8 | $ 2,400,000 | $ 300,000 | $ 95,000 |
| Henry, Georgia | 8 | $ 3,880,000 | $ 485,000 | $ 186,000 |
| Cobb, Georgia | 7 | $ 2,195,000 | $ 313,571 | $ 122,000 |
| Bexar, Texas | 7 | $ 2,105,000 | $ 300,714 | $ 81,000 |
| Placer, California | 6 | $ 2,370,000 | $ 395,000 | $ 97,000 |
| Solano, California | 6 | $ 2,230,000 | $ 371,666 | $ 130,000 |
| Broward, Florida | 6 | $ 1,670,000 | $ 278,333 | $ 79,000 |
| Anne Arundel, Maryland | 6 | $ 2,380,000 | $ 396,666 | $ 68,000 |
| Spotsylvania, Virginia | 6 | $ 2,400,000 | $ 400,000 | $ 77,000 |
| Maricopa, Arizona | 5 | $ 1,755,000 | $ 351,000 | $ 96,000 |
| San Francisco, California | 5 | $ 2,825,000 | $ 565,000 | $ 143,000 |
| Orange, Florida | 5 | $ 1,475,000 | $ 295,000 | $ 97,000 |
| Clark, Nevada | 5 | $ 1,615,000 | $ 323,000 | $ 76,000 |
| Multnomah, Oregon | 5 | $ 2,195,000 | $ 439,000 | $ 146,000 |
| Davidson, Tennessee | 5 | $ 1,095,000 | $ 219,000 | $ 40,000 |
| Brazoria, Texas | 5 | $ 1,225,000 | $ 245,000 | $ 120,000 |
| Denton, Texas | 5 | $ 2,125,000 | $ 425,000 | $ 122,000 |
| Fresno, California | 4 | $ 1,470,000 | $ 367,500 | $ 82,000 |
| San Mateo, California | 4 | $ 2,100,000 | $ 525,000 | $ 134,000 |
| Rockdale, Georgia | 4 | $ 1,130,000 | $ 282,500 | $ 91,000 |
| Will, Illinois | 4 | $ 1,190,000 | $ 297,500 | $ 106,000 |
| Charles, Maryland | 4 | $ 1,940,000 | $ 485,000 | $ 161,000 |
| Frederick, Maryland | 4 | $ 1,190,000 | $ 297,500 | $ 95,000 |
| Yolo, California | 3 | $ 785,000 | $ 261,666 | $ 101,000 |
| Palm Beach, Florida | 3 | $ 825,000 | $ 275,000 | $ 69,000 |
| Clayton, Georgia | 3 | $ 545,000 | $ 181,666 | $ 63,000 |
| DeKalb, Georgia | 3 | $ 305,000 | $ 101,666 | $ 45,000 |
| DuPage, Illinois | 3 | $ 925,000 | $ 308,333 | $ 117,000 |
| Montgomery, Pennsylvania | 3 | $ 1,295,000 | $ 431,666 | $ 52,000 |
| Campbell, Tennessee | 3 | $ 395,000 | $ 131,666 | $ 38,000 |
| Galveston, Texas | 3 | $ 1,025,000 | $ 341,666 | $ 76,000 |
| Tarrant, Texas | 3 | $ 925,000 | $ 308,333 | $ 70,000 |
| Travis, Texas | 3 | $ 685,000 | $ 228,333 | $ 102,000 |
| Manassas Park, Virginia | 3 | $ 1,095,000 | $ 365,000 | $ 64,000 |
| Merced, California | 2 | $ 550,000 | $ 275,000 | $ 68,000 |
| San Benito, California | 2 | $ 810,000 | $ 405,000 | $ 235,000 |
| San Luis Obispo, California | 2 | $ 580,000 | $ 290,000 | $ 125,000 |
| Santa Cruz, California | 2 | $ 1,360,000 | $ 680,000 | $ 159,000 |
| Sonoma, California | 2 | $ 1,040,000 | $ 520,000 | $ 181,000 |
| Stanislaus, California | 2 | $ 470,000 | $ 235,000 | $ 144,000 |
| Tulare, California | 2 | $ 700,000 | $ 350,000 | $ 137,000 |
| Fairfield, Connecticut | 2 | $ 570,000 | $ 285,000 | $ 77,000 |
| Clay, Florida | 2 | $ 460,000 | $ 230,000 | $ 182,000 |
| Hillsborough, Florida | 2 | $ 610,000 | $ 305,000 | $ 67,000 |
| Osceola, Florida | 2 | $ 1,030,000 | $ 515,000 | $ 236,000 |
| Pasco, Florida | 2 | $ 780,000 | $ 390,000 | $ 111,000 |
| Newton, Georgia | 2 | $ 600,000 | $ 300,000 | $ 72,000 |
| Jefferson, Louisiana | 2 | $ 510,000 | $ 255,000 | $ 96,000 |
| Orleans, Louisiana | 2 | $ 480,000 | $ 240,000 | $ 117,000 |
| Tangipahoa, Louisiana | 2 | $ 370,000 | $ 185,000 | $ 153,000 |
| Harford, Maryland | 2 | $ 590,000 | $ 295,000 | $ 67,000 |
| Allegheny, Pennsylvania | 2 | $ 450,000 | $ 225,000 | $ 73,000 |
| Westmoreland, Pennsylvania | 2 | $ 480,000 | $ 240,000 | $ 95,000 |
| Knox, Tennessee | 2 | $ 490,000 | $ 245,000 | $ 77,000 |
| Dallas, Texas | 2 | $ 830,000 | $ 415,000 | $ 149,000 |
| Arlington, Virginia | 2 | $ 740,000 | $ 370,000 | $ 102,000 |
| Frederick, Virginia | 2 | $ 640,000 | $ 320,000 | $ 81,000 |
| Manassas, Virginia | 2 | $ 810,000 | $ 405,000 | $ 63,000 |
| Mohave, Arizona | 1 | $ 535,000 | $ 535,000 | $ 128,000 |
| Pinal, Arizona | 1 | $ 285,000 | $ 285,000 | $ 106,000 |
| Butte, California | 1 | $ 165,000 | $ 165,000 | $ 194,000 |
| El Dorado, California | 1 | $ 395,000 | $ 395,000 | $ 12,000 |
| Madera, California | 1 | $ 335,000 | $ 335,000 | $ 187,000 |
| Monterey, California | 1 | $ 575,000 | $ 575,000 | $ 138,000 |
| Santa Barbara, California | 1 | $ 355,000 | $ 355,000 | $ 40,000 |
| Yuba, California | 1 | $ 285,000 | $ 285,000 | $ 61,000 |
| Arapahoe, Colorado | 1 | $ 115,000 | $ 115,000 | $ 41,000 |
| New Castle, Delaware | 1 | $ 205,000 | $ 205,000 | $ 84,000 |
| Collier, Florida | 1 | $ 365,000 | $ 365,000 | $ 10,000 |
| Okaloosa, Florida | 1 | $ 325,000 | $ 325,000 | $ 110,000 |
| Polk, Florida | 1 | $ 255,000 | $ 255,000 | $ 78,000 |
| Seminole, Florida | 1 | $ 235,000 | $ 235,000 | $ 225,000 |
| St. Lucie, Florida | 1 | $ 315,000 | $ 315,000 | $ 58,000 |
| Carroll, Georgia | 1 | $ 195,000 | $ 195,000 | $ 60,000 |
| Coweta, Georgia | 1 | $ 765,000 | $ 765,000 | $ 360,000 |
| Fayette, Georgia | 1 | $ 495,000 | $ 495,000 | $ 589,000 |
| Forsyth, Georgia | 1 | $ 335,000 | $ 335,000 | $ 581,000 |
| Hall, Georgia | 1 | $ 735,000 | $ 735,000 | $ 206,000 |
| Kane, Illinois | 1 | $ 295,000 | $ 295,000 | $ 626,000 |
| Rapides, Louisiana | 1 | $ 145,000 | $ 145,000 | $ 68,000 |
| Camden, New Jersey | 1 | $ 255,000 | $ 255,000 | $ 67,000 |
| Bernalillo, New Mexico | 1 | $ 245,000 | $ 245,000 | $ 39,000 |
| Dona Ana, New Mexico | 1 | $ 125,000 | $ 125,000 | $ 113,000 |
| Los Alamos, New Mexico | 1 | $ 175,000 | $ 175,000 | $ 43,000 |
| Sandoval, New Mexico | 1 | $ 295,000 | $ 295,000 | $ 28,000 |
| Hamilton, Ohio | 1 | $ 525,000 | $ 525,000 | $ 160,000 |
| Clackamas, Oregon | 1 | $ 365,000 | $ 365,000 | $ 118,000 |
| Washington, Oregon | 1 | $ 445,000 | $ 445,000 | $ 230,000 |
| Delaware, Pennsylvania | 1 | $ 765,000 | $ 765,000 | $ 194,000 |
| Mercer, Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 45,000 |
| Anderson, South Carolina | 1 | $ 145,000 | $ 145,000 | $ 43,000 |
| Anderson, Tennessee | 1 | $ 175,000 | $ 175,000 | $ 42,000 |
| Hawkins, Tennessee | 1 | $ 105,000 | $ 105,000 | $ 34,000 |
| Rutherford, Tennessee | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Brazos, Texas | 1 | $ 165,000 | $ 165,000 | $ 55,000 |
| Cameron, Texas | 1 | $ 135,000 | $ 135,000 | $ 36,000 |
| Ellis, Texas | 1 | $ 225,000 | $ 225,000 | $ 49,000 |
| Liberty, Texas | 1 | $ 145,000 | $ 145,000 | $ 83,000 |
| Montgomery, Texas | 1 | $ 455,000 | $ 455,000 | $ 126,000 |
| Tom Green, Texas | 1 | $ 195,000 | $ 195,000 | $ 83,000 |
| Alexandria, Virginia | 1 | $ 395,000 | $ 395,000 | $ 174,000 |
| Chesapeake, Virginia | 1 | $ 415,000 | $ 415,000 | $ 27,000 |
| Chesterfield, Virginia | 1 | $ 285,000 | $ 285,000 | $ 104,000 |
| Fairfax City, Virginia | 1 | $ 255,000 | $ 255,000 | $ 68,000 |
| Henrico, Virginia | 1 | $ 215,000 | $ 215,000 | $ 52,000 |
| King, Washington | 1 | $ 785,000 | $ 785,000 | $ 116,000 |
Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2021
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 | 747 | $314,765,000 | $421,000 | $2,085,000 | $118,000 | $3,740,000 |
| Refinancing | 683 | $251,705,000 | $368,000 | $1,305,000 | $113,000 | $914,000 |
| Cash-out Refinancing | 548 | $223,670,000 | $408,000 | $1,625,000 | $119,000 | $1,194,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 585 | $229,405,000 | $392,000 | $1,625,000 | $109,000 | $3,740,000 |
| Not Provided | 524 | $211,570,000 | $403,000 | $1,425,000 | $124,000 | $1,194,000 |
| Asian | 477 | $184,675,000 | $387,000 | $2,085,000 | $105,000 | $1,047,000 |
| White | 228 | $107,790,000 | $472,000 | $1,545,000 | $139,000 | $957,000 |
| Black or African American | 153 | $52,005,000 | $339,000 | $1,565,000 | $122,000 | $914,000 |
| American Indian or Alaskan Native | 6 | $2,550,000 | $425,000 | $545,000 | $122,000 | $165,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,780,000 | $445,000 | $675,000 | $168,000 | $205,000 |
| Not applicable | 1 | $365,000 | $365,000 | $365,000 | $54,000 | $54,000 |
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) | 1,484 | $588,640,000 | $396,000 | $2,085,000 | $122,000 | $3,740,000 |
| FHA-insured (Federal Housing Administration) | 475 | $193,845,000 | $408,000 | $1,375,000 | $98,000 | $386,000 |
| VA-guaranteed (Veterans Administration) | 19 | $7,655,000 | $402,000 | $705,000 | $139,000 | $229,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,089 | $429,555,000 | $394,000 | $1,565,000 | $115,000 | $1,194,000 |
| Application Withdrawn By Applicant | 574 | $227,950,000 | $397,000 | $1,625,000 | $119,000 | $3,740,000 |
| Application Denied By Financial Institution | 315 | $132,635,000 | $421,000 | $2,085,000 | $119,000 | $1,135,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 1,663 | $657,505,000 | $395,000 | $1,625,000 | $116,000 | $3,740,000 |
| Other | 171 | $70,215,000 | $410,000 | $1,505,000 | $129,000 | $1,135,000 |
| Debt-To-Income Ratio | 51 | $21,425,000 | $420,000 | $1,275,000 | $81,000 | $540,000 |
| Credit History | 46 | $17,500,000 | $380,000 | $925,000 | $118,000 | $439,000 |
| Employment History | 18 | $7,750,000 | $430,000 | $785,000 | $106,000 | $493,000 |
| Unverifiable Information | 17 | $9,305,000 | $547,000 | $845,000 | $137,000 | $240,000 |
| Collateral | 10 | $3,950,000 | $395,000 | $835,000 | $98,000 | $168,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $2,490,000 | $1,245,000 | $2,085,000 | $386,000 | $599,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2021 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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