Rf Mortgage & Investment Corp Mortgage Lending & HMDA Data, 2018
In 2018, Rf Mortgage & Investment Corp of San Juan, PR reported 412 mortgage applications totaling $63.3 million, down 17% from 2017. The average application was for $153,713, and applicants reported an average income of $76,747. 78% of its applications resulted in an originated loan and 12% were denied. Its largest markets were San Juan-Carolina-Caguas, PR (263), Arecibo, PR (8) and Ponce, PR (3) (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 | 412 |
| Total Mortgage Loan Application Amount | $63,330,000 |
| Average Mortgage Loan Application Amount | $153,713 |
| Highest Mortgage Loan Application Amount | $2,535,000 |
| Average Applicant Income | $76,747 |
| Highest Applicant Income | $962,000 |
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records Rf Mortgage & Investment Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 380 | $60,150,000 | $158,000 | $2,535,000 | $78,000 | $962,000 |
| Cash-out Refinancing | 25 | $2,615,000 | $104,000 | $355,000 | $68,000 | $191,000 |
| Refinancing | 7 | $565,000 | $80,000 | $125,000 | $40,000 | $62,000 |
| 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 | 390 | $52,200,000 | $133,000 | $565,000 | $67,000 | $421,000 |
| White | 17 | $8,385,000 | $493,000 | $2,535,000 | $248,000 | $962,000 |
| Not Provided | 4 | $2,670,000 | $667,000 | $1,705,000 | $279,000 | $484,000 |
| Asian | 1 | $75,000 | $75,000 | $75,000 | $120,000 | $120,000 |
| Black or African American | 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 |
| American Indian or Alaskan Native | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 184 | $22,290,000 | $121,000 | $395,000 | $47,000 | $186,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 157 | $31,845,000 | $202,000 | $2,535,000 | $125,000 | $962,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 54 | $6,360,000 | $117,000 | $215,000 | $41,000 | $73,000 |
| VA-guaranteed (Veterans Administration) | 17 | $2,835,000 | $166,000 | $265,000 | $74,000 | $141,000 |
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 | 323 | $47,295,000 | $146,000 | $1,705,000 | $74,000 | $493,000 |
| Application Denied By Financial Institution | 48 | $6,720,000 | $140,000 | $565,000 | $64,000 | $421,000 |
| Application Withdrawn By Applicant | 35 | $6,205,000 | $177,000 | $1,495,000 | $92,000 | $650,000 |
| Application Approved But Not Accepted | 6 | $3,110,000 | $518,000 | $2,535,000 | $264,000 | $962,000 |
| 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 | 364 | $56,610,000 | $155,000 | $2,535,000 | $78,000 | $962,000 |
| Collateral | 16 | $1,890,000 | $118,000 | $255,000 | $40,000 | $90,000 |
| Debt-To-Income Ratio | 15 | $2,755,000 | $183,000 | $565,000 | $99,000 | $421,000 |
| Credit History | 7 | $1,025,000 | $146,000 | $255,000 | $75,000 | $225,000 |
| Other | 4 | $390,000 | $97,000 | $125,000 | $49,000 | $58,000 |
| Unverifiable Information | 2 | $140,000 | $70,000 | $75,000 | $28,000 | $32,000 |
| Employment History | 2 | $300,000 | $150,000 | $195,000 | $52,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $220,000 | $110,000 | $115,000 | $39,000 | $39,000 |
| 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 Rf Mortgage & Investment Corp's 2018 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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