RF Mortgage

What RF Mortgage does

RF Mortgage & Investment Corp is a privately held Puerto Rican mortgage bank founded in 1977 and headquartered at 1148 FD Roosevelt Avenue in San Juan. The company originates and funds residential and commercial mortgage loans, holding OCIF license IH-021 and NMLS # 173187, and operates as a mortgage banker that issues loans and sells them to secondary market entities such as Fannie Mae and Freddie Mac. Its product portfolio spans conventional conforming and non-conforming loans, jumbo loans up to $5,000,000, FHA loans including the 203K Streamline renovation product, VA loans with up to 100% financing, USDA Rural Development loans, Puerto Rico-specific programs (Ley 87 and FHA Boricua) with up to 98% LTV for qualifying residents, commercial loans up to $4,000,000, and refinancing and purchase products for primary residences, second homes, and investment properties.

The company is family-owned and led by president Acisclo "Cuco" Bou and vice president Javier Bou, with a workforce of 11–50 employees organized into origination, processing, underwriting, and closing functions. It has no proprietary technology platform; loan applications are accepted through a third-party portal (secureloandocs.com) and the website is operated via a third-party marketing provider (ezloandocs.com). RF Mortgage generates revenue primarily through origination fees and interest rate spread on each loan transaction, targeting individual residential homebuyers, military veterans, rural property buyers, commercial real estate investors, and Puerto Rico Housing Authority program participants across the island. Distribution is conducted through inside sales by phone, in-person consultations at the San Juan office, the online application portal, and customer referrals, with the company emphasizing personalized service and 48 years of continuous operation as its principal differentiators.

Name

RF Mortgage

Legal name

RF MORTGAGE & INVESTMENT CORP

Website

https://rfmortgage.net

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

RF Mortgage is a privately held Puerto Rican mortgage bank founded in 1977, originating residential and commercial loans including conventional, FHA, VA, USDA, and Puerto Rico-specific programs, serving individual homebuyers, veterans, and commercial investors across the island.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Nondepository Credit Intermediation (5222)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI)

akta.pro secondary industries

Jumbo / Non-Conforming Mortgage Origination (FSALAAAH), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL)

Keywords

• Mortgage lending
• Residential mortgages
• Mortgage refinancing
• FHA loans
• VA loans

Headquarters

HQ city

San Juan

HQ country

Puerto Rico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others

Revenue model

1. Mortgage Origination Fees: RF Mortgage generates revenue through origination fees charged to borrowers when originating mortgage loans. As a mortgage banker, they issue loans and sell them to secondary market entities like Fannie Mae or Freddie Mac.
2. Interest Rate Spread: Revenue generated from the spread between the interest rate charged to borrowers and the cost of funds obtained from secondary mortgage markets.
3. Mortgage Products: The company offers various mortgage products including FHA loans, conventional loans, VA loans, Rural Development loans, Ley 87, FHA Boricua, jumbo loans, construction loans, and commercial loans. Each product generates revenue through origination and servicing activities.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

RF Mortgage is a Puerto Rico-based mortgage bank that originates residential and small-commercial mortgage loans for purchase and refinance. It funds and services a broad product set including Conventional (Conforming, Non-Conforming, Jumbo), FHA, FHA 203K Streamline, VA, USDA Rural Development, Puerto Rico-specific Ley 87 and FHA Boricua programs, and Commercial loans up to $4,000,000, selling eligible loans into the secondary market to Fannie Mae and Freddie Mac. The company serves individual homebuyers, veterans, rural buyers, and small commercial borrowers through its San Juan branch, phone-based inside sales, and an online application portal.

Product overview

RF Mortgage & Investment Corp is a Puerto Rican mortgage bank founded in 1977 offering a comprehensive suite of mortgage products. The portfolio includes conventional loan products (Conforming, Non-Conforming, and Jumbo loans), government-backed loans (FHA, VA, and USDA Rural Development), and locally-specific programs (FHA Boricua and Ley 87). The company also provides commercial lending up to $4,000,000 and refinancing services. All products are supported by mortgage calculators and an online loan application platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Conventional Loans (Conforming) Conforming mortgage loans sold in the secondary market to Fannie Mae/Freddie Mac, offering competitive interest rates for purchase or refinancing with maximum borrowing up to $766,550 for single-unit properties. For individual borrowers in Puerto Rico.
• Conventional Loans (Non-Conforming) Flexible mortgage loans not subject to secondary market requirements, offering higher LTV options up to 95% with mortgage insurance. For Puerto Rico borrowers seeking non-conforming conventional financing.
• Jumbo Loans Large mortgage loans for amounts from $417,001 up to $5,000,000 for purchase or refinancing, with less strict qualification requirements. For high-balance Puerto Rico residential borrowers.
• FHA Loans Federal Housing Administration insured mortgages for purchasing, refinancing, or remodeling primary residences with flexible qualification parameters and up to 96.5% financing. For Puerto Rico residents who may not qualify for conventional financing.
• FHA 203K Streamline FHA-insured loan that finances both purchase and rehabilitation of a property, allowing up to $35,000 beyond the sale price for repairs completed after closing. For Puerto Rico homebuyers purchasing fixer-upper properties.
• VA Loans (Veterans) Veterans Administration guaranteed mortgages for military service members and veterans offering up to 100% financing for purchase or refinancing. For active-duty military, veterans discharged under honorable conditions, and their families in Puerto Rico.
• Rural Loans (USDA) Rural Development guaranteed loans offering up to 100% financing for primary residences in eligible rural zones with flexible credit guidelines. For buyers of USDA-designated rural properties in Puerto Rico.
• FHA Boricua Puerto Rico Housing Authority program offering up to 98% financing for new or existing primary residences with financing amounts from $150,001 to $200,000. For income-qualified Puerto Rico residents.
• Ley 87 Puerto Rico Housing Authority program providing up to 98% LTV conventional loans up to $150,000 for primary residence purchases with maximum income of $60,000. For low-to-moderate income Puerto Rico residents.
• Commercial Loans Commercial property loans up to $4,000,000 with up to 80% financing for purchase or refinancing with fixed interest rates. For business owners and small commercial property investors in Puerto Rico.
• Refinancing Mortgage refinancing services to reduce monthly payments, change interest rate types, shorten loan terms, consolidate debts, or access equity. For Puerto Rico residential and small commercial borrowers.
• Purchase Loans Mortgage products for purchasing primary residences, second homes, or investment properties. For individual homebuyers in Puerto Rico.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves3 records

Expansion highlights1 record

Broad incumbents

• Banco Popular de Puerto Rico: Largest bank in Puerto Rico with a substantial mortgage origination business across FHA, VA, conventional, and proprietary programs. Overlaps directly with RF Mortgage on residential loan products and Puerto Rico customer base, but operates at much greater scale and as a depository institution.
• Scotiabank Puerto Rico: Branch of Canadian bank with full mortgage operations in Puerto Rico. Competes on residential and select commercial lending, drawing from the same PR customer base as RF Mortgage but with broader product suite and balance-sheet capacity.
• Rocket Mortgage: Largest US mortgage originator by volume with strong digital/online capabilities and an expanding footprint that includes Puerto Rico. Competes with RF Mortgage on conforming, FHA, VA, and jumbo products, but with vastly superior technology and pricing power.
• loanDepot: National nonbank mortgage lender offering purchase and refinance loans across FHA, VA, conventional, and jumbo products. Competes with RF Mortgage on agency-eligible products with multi-channel retail and direct-to-consumer origination.
• PenFed Credit Union: Large US credit union offering mortgage products including VA loans. While not Puerto Rico-headquartered, it serves military borrowers nationwide and competes for the same VA lending segment RF Mortgage pursues.
• NewRez: National nonbank mortgage originator and servicer with retail and wholesale channels. Overlaps with RF Mortgage on conventional, government, and jumbo origination products with broader geographic reach and servicing portfolio scale.
• Caliber Home Loans: Large nonbank mortgage originator and servicer with broad product portfolio including FHA, VA, USDA, conventional, jumbo, and renovation (203K). Direct comparable in product mix to RF Mortgage, though operating at significantly greater scale.

Regional players

• FirstBank Puerto Rico: Puerto Rico-based commercial bank with active mortgage origination division serving consumers across the island. Direct competitor for residential purchase and refinance loans within the same PR geography and customer segments.
• Oriental Bank: Puerto Rico-headquartered bank with mortgage lending capabilities and local program expertise. Competes with RF Mortgage for the same residential borrower pool, particularly for government-backed and PR-specific housing products.

Direct peers

• United Mortgage Corp: Independent mortgage banker offering conventional, FHA, VA, and USDA loans with multi-state retail presence. Comparable business model — nonbank originators selling loans to secondary market — and product mix to RF Mortgage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/rf_mortgage
• Facebookfacebook.com/RFMortgage
• LinkedInlinkedin.com/company/rf-mortgage

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RF Mortgage