RealFi Mortgage Interest Rate and Cost Review

Is RealFi a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by RealFi to those of other lenders for a comparable set of borrowers. Here is our review of RealFi nationally:

Review ItemRealFi
Interest Ratehigher than other lenders (+0.11%)
Loan Related Closing Costssimilar to other lenders (+$214)
National Rate and Closing Cost Star Rating(3)

On average, RealFi’s interest rates were higher than those of other lenders (+0.11%). On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of +$214. Overall, combining interest rates and closing costs we estimate that RealFi tends to be an expensive lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit RealFi, its website is located at: https://rhfunding.com.

RealFi’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track RealFi was most active in:

  1. Jersey City, NJ
  2. Yonkers, NY
  3. New York, NY
  4. Toms River, NJ
  5. Scranton, PA

RealFi’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, RealFi originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.17%+0.13%+0.01%+0.01%+0.02%
Loan Related Closing Cost Difference+$368+$313+$18+$32+$27
Cost Adjusted Rate Difference+0.19%+0.15%+0.01%+0.02%+0.02%
National Star Rating(2.5)(3)(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference+0.03%-0.01%+0.02%-0.01%
Loan Related Closing Cost Difference-$198+$46+$62-$118
Cost Adjusted Rate Difference+0.02%-0.01%+0.02%-0.02%
Average Star Rating(3.5)(3.5)(3.5)(3.5)

As a summary, RealFi is similar to other lenders for Jumbo, USDA and VA purchase mortgages. It is more expensive than other lenders for Conforming and FHA purchase mortgages. For refinancing mortgages, RealFi is similar to other lenders for Conforming, FHA, Jumbo and VA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about RealFi:

Registered name: Residential Home Funding Corp
Registered city and state: Parsippany, NJ, 07054
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for RealFi’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.