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Residential First Capital

NEWPORT BEACH, CA

Residential First Capital processed 113 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 69 loans with a 4.4% denial rate. Cash-out Refinancing was the primary loan purpose. Based in NEWPORT BEACH, CA. The approval rate of 61.1% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness.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 First Capital's 61.1% origination rate tells you how often an application turned into funded money; the 4.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (113 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.

113
Applications
69
Originated
4.4%
Denial Rate
$593,850
Avg Loan Amount
Avg Interest Rate: 11.224% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 113 69 5 $593,850

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Residential First Capital (LEI: 2549009I5SQ5XN6WFU76) · 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 Approval rates exclude withdrawn / incomplete applications.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

Collateral
2
Debt-to-income ratio
2
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 66 35 $499,242
Refinancing 28 20 $693,214
Home Purchase 17 12 $810,294
Other 2 2 $485,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 83 65.1% 6.0%
Asian * 14 42.9% 0.0%
Black or African American * 6 50.0% 0.0%
American Indian or Alaska Native * 2 0.0% 0.0%
Joint * 2 100.0% 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 83 63.9% 4.8%
Hispanic or Latino * 23 52.2% 4.3%
Joint * 1 0.0% 0.0%

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

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare Residential First Capital vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Residential First Capital process?
Residential First Capital processed 113 mortgage applications in the 2024 HMDA reporting year. Of these, 69 were originated (approved and funded), 38 were withdrawn by the applicant, and 5 were denied.
What is Residential First Capital's mortgage approval rate?
Residential First Capital has an approval (origination) rate of 61.1%, meaning 61.1% of all applications resulted in a funded mortgage. The denial rate is 4.4%.
What is the average loan amount at Residential First Capital?
The average mortgage loan amount at Residential First Capital is $593,850. The average interest rate is 11.224%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Residential First Capital?
The most common reasons for mortgage denial at Residential First Capital are: Collateral, Debt-to-income ratio, Other. In total, 5 applications were denied out of 113 total applications.
What types of mortgage loans does Residential First Capital offer?
Residential First Capital processes Conventional loans. The most common type is Conventional with 113 applications and an average loan amount of $593,850.
What loan purposes does Residential First Capital serve?
Residential First Capital serves the following loan purposes: Cash-out Refinancing (66 applications), Refinancing (28 applications), Home Purchase (17 applications), Other (2 applications). Cash-out Refinancing is the most common purpose.
Where is Residential First Capital located?
Residential First Capital is headquartered in NEWPORT BEACH, CA. The lender is identified by LEI 2549009I5SQ5XN6WFU76 in HMDA data.
How does Residential First Capital compare in lending across racial demographics?
Residential First Capital reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.1% and denial rate of 6.0%; Asian applicants have an approval rate of 42.9% and denial rate of 0.0%; Black or African American applicants have an approval rate of 50.0% 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.