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Residential Acceptance Corporation. Rac.

TAMPA, FL

Residential Acceptance Corporation. Rac. processed 615 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 565 loans with a 3.7% denial rate. Home Purchase was the primary loan purpose. Based in TAMPA, FL. The approval rate of 91.9% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Residential Acceptance Corporation. Rac.'s 91.9% origination rate tells you how often an application turned into funded money; the 3.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in FHA loans (529 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

615
Applications
565
Originated
3.7%
Denial Rate
$299,699
Avg Loan Amount
Avg Interest Rate: 7.190% Avg Applicant Income: $43,000

Lending Activity

Type Applications Originated Denied Avg Loan
FHA 529 493 15 $303,979
USDA 44 43 1 $217,955
VA 27 23 3 $359,815
Conventional 15 6 4 $280,333

Top loan types - Residential Acceptance Corporation. Rac.

Top loan types - Residential Acceptance Corporation. Rac. Horizontal bar chart of the top 4 items by value (applications). Top loan types - Residential Acceptance Corporation. Rac. Top 4 1. FHA 529 2. USDA 44 3. VA 27 4. Conventional 15 Top 5 loan types by application volume at Residential Acceptance Corporation. Rac. (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Residential Acceptance Corporation. Rac. (LEI: 2549009UITWIC4FV7F43) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
11
Credit history
10
Collateral
1
Insufficient cash
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 596 548 $301,107
Refinancing 14 12 $267,143
Cash-out Refinancing 5 5 $223,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 321 91.6% 2.5%
Black or African American 260 91.5% 5.8%
Joint * 7 100.0% 0.0%
2 or more minority races * 1 100.0% 0.0%
American Indian or Alaska Native * 1 100.0% 0.0%
Asian * 1 100.0% 0.0%
Native Hawaiian or Other Pacific Islander * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 314 90.5% 5.7%
Hispanic or Latino 274 92.7% 1.8%
Joint * 4 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in FL

Other HMDA-reporting lenders in FL with similar activity. Compare any two side-by-side.

Freedom Mortgage Corporation

BOCA RATON, FL

252,504 apps 57,345 originated 4.9% denied

Lakeview Loan Servicing, LLC

Coral Gables, FL

96,650 apps 10,540 originated 25.2% denied

Triad Financial Services, INC.

JACKSONVILLE, FL

86,581 apps 12,731 originated 55.6% denied

Lennar Mortgage, LLC

MIAMI, FL

75,233 apps 55,530 originated 12.4% denied

Phh Mortgage Corporation

West Palm Beach, FL

62,326 apps 4,770 originated 3.4% denied
Compare Residential Acceptance Corporation. Rac. vs Freedom Mortgage Corporation →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Residential Acceptance Corporation. Rac. process?
Residential Acceptance Corporation. Rac. processed 615 mortgage applications in the 2024 HMDA reporting year. Of these, 565 were originated (approved and funded), 22 were withdrawn by the applicant, and 23 were denied.
What is Residential Acceptance Corporation. Rac.'s mortgage approval rate?
Residential Acceptance Corporation. Rac. has an approval (origination) rate of 91.9%, meaning 91.9% of all applications resulted in a funded mortgage. The denial rate is 3.7%.
What is the average loan amount at Residential Acceptance Corporation. Rac.?
The average mortgage loan amount at Residential Acceptance Corporation. Rac. is $299,699. The average interest rate is 7.190%. The average applicant income is $43,000.
What are the most common reasons for mortgage denial at Residential Acceptance Corporation. Rac.?
The most common reasons for mortgage denial at Residential Acceptance Corporation. Rac. are: Debt-to-income ratio, Credit history, Collateral. In total, 23 applications were denied out of 615 total applications.
What types of mortgage loans does Residential Acceptance Corporation. Rac. offer?
Residential Acceptance Corporation. Rac. processes FHA, USDA, VA, Conventional loans. The most common type is FHA with 529 applications and an average loan amount of $303,979.
What loan purposes does Residential Acceptance Corporation. Rac. serve?
Residential Acceptance Corporation. Rac. serves the following loan purposes: Home Purchase (596 applications), Refinancing (14 applications), Cash-out Refinancing (5 applications). Home Purchase is the most common purpose.
Where is Residential Acceptance Corporation. Rac. located?
Residential Acceptance Corporation. Rac. is headquartered in TAMPA, FL. The lender is identified by LEI 2549009UITWIC4FV7F43 in HMDA data.
How does Residential Acceptance Corporation. Rac. compare in lending across racial demographics?
Residential Acceptance Corporation. Rac. reports demographic lending data under HMDA requirements. White applicants have an approval rate of 91.6% and denial rate of 2.5%; Black or African American applicants have an approval rate of 91.5% and denial rate of 5.8%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.