Rf Mortgage & Investment Corp Mortgage Lending & HMDA Data, 2014
In 2014, Rf Mortgage & Investment Corp of San Juan, PR reported 339 mortgage applications totaling $63.3 million, down 24% from 2013. The average application was for $186,675, and applicants reported an average income of $76,200. 69% of its applications resulted in an originated loan and 17% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (306), Arecibo, PR (13) and Aguadilla-Isabela-San Sebastian, PR (7) (applications in parentheses).
| Mortgage Company & Address | Rf Mortgage & Investment Corp Po Box 361309 San Juan, PR 00936 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 339 |
| Total Mortgage Loan Application Amount | $63,283,000 |
| Average Mortgage Loan Application Amount | $186,675 |
| Highest Mortgage Loan Application Amount | $2,028,000 |
| Average Applicant Income | $76,200 |
| Highest Applicant Income | $894,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rf Mortgage & Investment Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Rf Mortgage & Investment Corp in 2014
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 | 271 | $49,196,000 | $181,000 | $1,420,000 | $76,000 | $894,000 |
| Refinancing | 68 | $14,087,000 | $207,000 | $2,028,000 | $77,000 | $610,000 |
| Home Improvement | 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 | 326 | $59,790,000 | $183,000 | $2,028,000 | $74,000 | $894,000 |
| White | 11 | $3,157,000 | $287,000 | $1,063,000 | $143,000 | $276,000 |
| Asian | 1 | $111,000 | $111,000 | $111,000 | $22,000 | $22,000 |
| Black or African American | 1 | $225,000 | $225,000 | $225,000 | $171,000 | $171,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 187 | $41,725,000 | $223,000 | $2,028,000 | $103,000 | $894,000 |
| FHA-insured (Federal Housing Administration) | 93 | $13,229,000 | $142,000 | $330,000 | $43,000 | $183,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 39 | $4,997,000 | $128,000 | $273,000 | $37,000 | $72,000 |
| VA-guaranteed (Veterans Administration) | 20 | $3,332,000 | $166,000 | $302,000 | $58,000 | $171,000 |
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 | 235 | $45,864,000 | $195,000 | $2,028,000 | $81,000 | $894,000 |
| Application Denied By Financial Institution | 56 | $9,878,000 | $176,000 | $1,445,000 | $62,000 | $609,000 |
| Application Withdrawn By Applicant | 40 | $5,612,000 | $140,000 | $309,000 | $60,000 | $197,000 |
| File Closed For Incompleteness | 8 | $1,929,000 | $241,000 | $968,000 | $124,000 | $541,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 17 | $2,419,000 | $142,000 | $490,000 | $42,000 | $210,000 |
| Other | 10 | $2,766,000 | $276,000 | $1,445,000 | $105,000 | $609,000 |
| Credit History | 10 | $2,016,000 | $201,000 | $440,000 | $93,000 | $299,000 |
| Collateral | 9 | $1,307,000 | $145,000 | $336,000 | $43,000 | $112,000 |
| Employment History | 8 | $1,171,000 | $146,000 | $255,000 | $41,000 | $95,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $199,000 | $99,000 | $130,000 | $31,000 | $47,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rf Mortgage & Investment Corp's 2014 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 Rf Mortgage & Investment 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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