A Mortgage Boutique Rates, Fees & Info

Murfreesboro, TN

LEI: 254900IZM1F435SFXE81

Tax ID: 84-1790675

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    A Mortgage Boutique is a smaller mortgage company specializing in Home Purchase and Refi loans. A Mortgage Boutique has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Knoxville, Tullahoma, Clarksville, and Morristown among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    A Mortgage Boutique has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. A Mortgage Boutique is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    137

    Origination Dollar Volume (All Markets)

    $31,015,000

    Awards

    A Mortgage Boutique 30 Year Conventional Loans gold A Mortgage Boutique FHA Loans gold A Mortgage Boutique FHA Loans gold A Mortgage Boutique VA Loans gold
    Show all (4) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 48 $12,770,000 $266,042 $4,042 5.81%
    KNOXVILLE, TN (FHA|USDA|VA) 55 $11,445,000 $208,091 $5,731 3.61%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 8 $1,860,000 $232,500 $4,255 3.77%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 7 $1,545,000 $220,714 $5,859 3.91%
    MORRISTOWN, TN (FHA|USDA|VA) 3 $745,000 $248,333 $5,550 3.71%
    Sevierville, TN (FHA|USDA|VA) 3 $725,000 $241,667 $2,644 3.08%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $320,000 $160,000 $6,649 3.44%
    McMinnville, TN (FHA|USDA|VA) 2 $250,000 $125,000 $3,991 3.44%
    Newport, TN (FHA|USDA|VA) 1 $225,000 $225,000 $5,100 3.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $215,000 $215,000 $3,189 4.00%
    Outside of Metro Areas 2 $210,000 $105,000 $2,175 3.81%
    Shelbyville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,790 3.63%
    Madisonville, KY (FHA|USDA|VA) 1 $145,000 $145,000 $1,616 2.75%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,204 3.38%
    JACKSON, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,784 4.00%
    Lawrenceburg, TN (FHA|USDA|VA) 1 $115,000 $115,000 $4,948 3.38%
    A Mortgage Boutique's top markets include Nashville, Knoxville, Tullahoma, Clarksville, and Morristown among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against A Mortgage Boutique based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Eglin Federal Credit Union
    Similarity Rank: 9
    CONSUMER Credit Union
    Similarity Rank: 24
    US COMMUNITY
    Similarity Rank: 64
    Citizens Tri-County Bank
    Similarity Rank: 104
    ENRICHMENT
    Similarity Rank: 176
    Gulf Winds Credit Union
    Similarity Rank: 225
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 268
    MAX Credit Union
    Similarity Rank: 392
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 500
    Pen Air Federal Credit Union
    Similarity Rank: 520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $20,405,000 $229,270 $3,882 4.94%
    FHA 23 $4,315,000 $187,609 $7,127 3.33%
    VA 19 $5,215,000 $274,474 $6,126 3.40%
    USDA 6 $1,080,000 $180,000 $5,383 3.42%

    For 2019, A Mortgage Boutique's most frequently originated type of loan was Conventional, with 89 originations. Their 2nd most popular type was FHA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $16,790,000 $239,857 $4,854 5.12%
    Refi 38 $7,780,000 $204,737 $3,945 3.69%
    Cash Out Refi 24 $5,280,000 $220,000 $6,018 3.56%
    Home Improvement 5 $1,165,000 $233,000 $4,795 3.50%

    For 2019, A Mortgage Boutique's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 118 $27,610,000 $233,983 $4,906 4.54%
    15 Year 13 $2,205,000 $169,615 $3,818 3.42%
    20 Year 5 $905,000 $181,000 $4,891 3.58%
    Other 1 $295,000 $295,000 $5,047 3.63%

    For 2019, A Mortgage Boutique's most frequently cited loan duration was 30 Year, with 118 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 65 $14,815,000 $227,923
    $3k-4k 22 $5,080,000 $230,909
    $1k-2k 20 $4,140,000 $207,000
    $4k-5k 14 $3,630,000 $259,286
    $2k-3k 13 $2,255,000 $173,462
    $5k+ 3 $1,095,000 $365,000

    A Mortgage Boutique's average total fees were $4,906, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 65 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 116 $26,290,000 $226,638
    4-5% 14 $3,280,000 $234,286
    2.5-3% 6 $1,280,000 $213,333
    Over 8% 1 $165,000 $165,000

    During 2019, A Mortgage Boutique's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 3-4%, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 62 $16,890,000 $272,419 $5,147 3.66%
    $100k-200k 58 $8,960,000 $154,483 $4,461 5.34%
    $400k-600k 10 $4,620,000 $462,000 $6,024 3.83%
    $100,000 or less 7 $545,000 $77,857 $2,856 3.82%

    2019 saw A Mortgage Boutique place emphasis on $200k-400k loans with 62 originations, totaling $16,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 39 $8,165,000 $209,359 $5,416 3.71%
    $50k or less 34 $5,100,000 $150,000 $4,067 3.62%
    $100k-150k 30 $8,330,000 $277,667 $5,320 3.58%
    $75k-100k 24 $6,030,000 $251,250 $4,469 7.79%
    $150k-250k 7 $2,535,000 $362,143 $3,041 4.11%
    $250k+ 1 $465,000 $465,000 $7,891 4.38%

    A Mortgage Boutique lent most frequently to those with incomes in the $50k-75k range, with 39 originations. The second most popular income band? $50k or less, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $5,610,000 $200,357 $3,501 3.68%
    30-36% 17 $4,635,000 $272,647 $5,549 3.77%
    44% 14 $3,040,000 $217,143 $4,092 3.67%
    41% 10 $2,480,000 $248,000 $4,761 3.75%
    45% 9 $2,475,000 $275,000 $7,064 3.63%
    40% 9 $1,795,000 $199,444 $4,725 3.89%
    36% 6 $1,430,000 $238,333 $5,719 3.50%
    42% 5 $945,000 $189,000 $5,112 3.48%
    43% 5 $855,000 $171,000 $3,953 3.85%
    50-60% 5 $935,000 $187,000 $7,607 3.38%
    39% 4 $960,000 $240,000 $4,583 3.91%
    47% 4 $640,000 $160,000 $3,806 3.97%
    <20% 3 $605,000 $201,667 $2,466 3.92%
    37% 3 $635,000 $211,667 $6,385 3.67%
    48% 3 $705,000 $235,000 $5,593 3.54%
    >60% 2 $520,000 $260,000 $10,597 51.69%
    49% 2 $700,000 $350,000 $4,752 3.69%
    38% 2 $790,000 $395,000 $4,210 3.69%
    46% 2 $460,000 $230,000 $2,729 3.69%

    A Mortgage Boutique lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 123 $27,875,000 $226,626 $4,801 4.48%
    Not provided 12 $2,460,000 $205,000 $4,796 3.49%
    Black 2 $680,000 $340,000 $5,016 3.88%

    Approval Rates

    Total approvals of all applications
    94.62%

    A Mortgage Boutique has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.53%

    A Mortgage Boutique has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 137 $31,015,000 $226,387

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 137 $31,015,000 $226,387

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 12 $1,600,000 $133,333 $3,541 3.81%
    60-80% 41 $8,905,000 $217,195 $4,165 3.78%
    80-100% 82 $19,950,000 $243,293 $5,105 4.80%
    Over 100% 2 $560,000 $280,000 $13,121 3.44%