Rf Mortgage & Investment Corp Mortgage Lending & HMDA Data, 2021
In 2021, Rf Mortgage & Investment Corp of San Juan, PR reported 538 mortgage applications totaling $90.6 million, up 17% from 2020. The average application was for $168,382, and applicants reported an average income of $106,936. 81% of its applications resulted in an originated loan and 9% were denied. Its largest markets were San Juan-Carolina-Caguas, PR (494), Arecibo, PR (15) and Guayama, 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 | 538 |
| Total Mortgage Loan Application Amount | $90,590,000 |
| Average Mortgage Loan Application Amount | $168,382 |
| Highest Mortgage Loan Application Amount | $2,505,000 |
| Average Applicant Income | $106,936 |
| Highest Applicant Income | $7,263,000 |
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records Rf Mortgage & Investment Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 482 | $78,960,000 | $163,000 | $2,505,000 | $92,000 | $3,070,000 |
| Refinancing | 31 | $5,345,000 | $172,000 | $515,000 | $77,000 | $186,000 |
| Cash-out Refinancing | 23 | $5,785,000 | $251,000 | $1,105,000 | $461,000 | $7,263,000 |
| Other Purpose | 2 | $500,000 | $250,000 | $425,000 | $99,000 | $136,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 506 | $78,620,000 | $155,000 | $1,105,000 | $86,000 | $3,070,000 |
| White | 24 | $10,000,000 | $416,000 | $2,505,000 | $528,000 | $7,263,000 |
| Black or African American | 4 | $850,000 | $212,000 | $345,000 | $183,000 | $487,000 |
| Asian | 2 | $500,000 | $250,000 | $405,000 | $150,000 | $171,000 |
| Not Provided | 1 | $75,000 | $75,000 | $75,000 | $265,000 | $265,000 |
| 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 |
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) | 237 | $47,825,000 | $201,000 | $2,505,000 | $160,000 | $7,263,000 |
| FHA-insured (Federal Housing Administration) | 206 | $30,740,000 | $149,000 | $395,000 | $75,000 | $3,070,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 78 | $9,270,000 | $118,000 | $265,000 | $37,000 | $79,000 |
| VA-guaranteed (Veterans Administration) | 17 | $2,755,000 | $162,000 | $285,000 | $54,000 | $118,000 |
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 | 438 | $73,460,000 | $167,000 | $1,305,000 | $108,000 | $7,263,000 |
| Application Denied By Financial Institution | 49 | $6,475,000 | $132,000 | $335,000 | $68,000 | $484,000 |
| Application Withdrawn By Applicant | 29 | $5,035,000 | $173,000 | $525,000 | $130,000 | $2,059,000 |
| Application Approved But Not Accepted | 20 | $5,250,000 | $262,000 | $2,505,000 | $111,000 | $840,000 |
| File Closed For Incompleteness | 2 | $370,000 | $185,000 | $205,000 | $64,000 | $81,000 |
| 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 | 489 | $84,115,000 | $172,000 | $2,505,000 | $110,000 | $7,263,000 |
| Collateral | 27 | $3,825,000 | $141,000 | $335,000 | $89,000 | $484,000 |
| Credit History | 9 | $1,205,000 | $133,000 | $215,000 | $50,000 | $118,000 |
| Debt-To-Income Ratio | 7 | $945,000 | $135,000 | $245,000 | $50,000 | $82,000 |
| Employment History | 3 | $215,000 | $71,000 | $105,000 | $29,000 | $39,000 |
| Other | 2 | $210,000 | $105,000 | $115,000 | $28,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $75,000 | $75,000 | $75,000 | $30,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 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 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.
For a list of all lenders in Puerto Rico, download the full spreadsheet
with aggregated HMDA statistics today.
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