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, Refi, and Cash Out Refi loans. A Mortgage Boutique has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Knoxville, Nashville, Pensacola, Birmingham, and Mobile among others. We have data for 41 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    885

    Origination Dollar Volume (All Markets)

    $194,325,000
    Show all (23) 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
    KNOXVILLE, TN (FHA|USDA|VA) 243 $49,005,000 $201,667 $4,309 2.67%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 121 $32,975,000 $272,521 $5,037 2.61%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 84 $22,280,000 $265,238 $4,362 2.81%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 55 $11,455,000 $208,273 $4,660 2.84%
    Outside of Metro Areas 68 $11,170,000 $164,265 $4,642 2.78%
    MOBILE, AL (FHA|USDA|VA) 54 $10,030,000 $185,741 $5,419 2.84%
    Shelbyville, TN (FHA|USDA|VA) 34 $7,340,000 $215,882 $4,114 2.59%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 35 $7,225,000 $206,429 $3,761 2.82%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 22 $4,820,000 $219,091 $5,986 2.70%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 21 $4,435,000 $211,190 $4,897 2.74%
    Sevierville, TN (FHA|USDA|VA) 22 $4,180,000 $190,000 $4,068 2.78%
    MORRISTOWN, TN (FHA|USDA|VA) 21 $3,755,000 $178,810 $3,696 2.68%
    MONTGOMERY, AL (FHA|USDA|VA) 16 $3,630,000 $226,875 $5,074 2.71%
    JOHNSON CITY, TN (FHA|USDA|VA) 13 $2,665,000 $205,000 $3,242 2.78%
    Lewisburg, TN (FHA|USDA|VA) 9 $2,075,000 $230,556 $3,962 2.58%
    JACKSON, TN (FHA|USDA|VA) 9 $1,935,000 $215,000 $4,190 2.68%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,860,000 $465,000 $5,213 3.13%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 7 $1,825,000 $260,714 $4,323 2.73%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 7 $1,415,000 $202,143 $5,358 2.57%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $985,000 $328,333 $3,408 2.71%
    HUNTSVILLE, AL (FHA|USDA|VA) 3 $975,000 $325,000 $5,396 2.63%
    Lawrenceburg, TN (FHA|USDA|VA) 3 $815,000 $271,667 $5,978 2.83%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $740,000 $370,000 $13,167 2.75%
    Cookeville, TN (FHA|USDA|VA) 3 $705,000 $235,000 $6,268 3.50%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $655,000 $218,333 $4,340 2.83%
    Greeneville, TN (FHA|USDA|VA) 3 $645,000 $215,000 $7,184 2.96%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $580,000 $290,000 $7,989 2.50%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $550,000 $275,000 $5,373 2.56%
    Cullman, AL (FHA|USDA|VA) 1 $505,000 $505,000 $3,415 2.50%
    Madisonville, KY (FHA|USDA|VA) 2 $440,000 $220,000 $3,103 3.19%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $435,000 $435,000 $20,256 2.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $425,000 $425,000 $4,010 2.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $390,000 $195,000 $5,244 3.00%
    Alexander City, AL (FHA|USDA|VA) 1 $365,000 $365,000 $4,993 2.75%
    Newport, TN (FHA|USDA|VA) 2 $260,000 $130,000 $4,976 2.81%
    Scottsboro, AL (FHA|USDA|VA) 1 $185,000 $185,000 $1,795 2.50%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $135,000 $135,000 $4,084 2.38%
    London, KY (FHA|USDA|VA) 1 $135,000 $135,000 $5,383 3.50%
    Brownsville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $3,506 2.75%
    Crossville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $6,812 2.50%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $85,000 $85,000 $4,174 3.00%
    A Mortgage Boutique's top markets include Knoxville, Nashville, Pensacola, Birmingham, and Mobile among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (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.

    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 210
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 228
    Citizens Tri-County Bank
    Similarity Rank: 270
    CONSUMER Credit Union
    Similarity Rank: 288
    Eglin Federal Credit Union
    Similarity Rank: 296
    Gulf Winds Credit Union
    Similarity Rank: 324
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    Pen Air Federal Credit Union
    Similarity Rank: 376
    CB&S Bank, Inc.
    Similarity Rank: 480
    First Vision Bank of Tennessee
    Similarity Rank: 657

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 551 $123,105,000 $223,421 $3,652 2.77%
    FHA 134 $26,880,000 $200,597 $6,938 2.69%
    VA 133 $33,285,000 $250,263 $5,862 2.52%
    USDA 67 $11,055,000 $165,000 $5,375 2.81%

    For 2021, A Mortgage Boutique's most frequently originated type of loan was Conventional, with 551 originations. Their 2nd most popular type was FHA, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 383 $87,825,000 $229,308 $5,481 2.78%
    Refi 295 $60,095,000 $203,712 $3,406 2.61%
    Cash Out Refi 207 $46,405,000 $224,179 $4,724 2.78%

    For 2021, A Mortgage Boutique's most frequently cited loan purpose was Home Purchase, with 383 originations. The 2nd most popular reason was Refi, with 295 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 729 $165,975,000 $227,675 $4,876 2.77%
    15 Year 101 $18,935,000 $187,475 $3,358 2.42%
    20 Year 40 $7,160,000 $179,000 $3,523 2.68%
    10 Year 9 $1,045,000 $116,111 $3,410 2.33%
    Other 6 $1,210,000 $201,667 $2,774 2.81%

    For 2021, A Mortgage Boutique's most frequently cited loan duration was 30 Year, with 729 originations. The 2nd most popular length was 15 Year, with 101 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 367 $86,555,000 $235,845
    $1k-2k 296 $58,090,000 $196,250
    $2k-3k 110 $20,670,000 $187,909
    $3k-4k 57 $12,765,000 $223,947
    $5k+ 30 $9,740,000 $324,667
    $4k-5k 24 $5,990,000 $249,583

    A Mortgage Boutique's average total fees were $4,876, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 367 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 485 $105,995,000 $218,546
    <2.5% 290 $64,890,000 $223,759
    3-4% 109 $23,125,000 $212,156
    4-5% 1 $315,000 $315,000

    During 2021, A Mortgage Boutique's average interest rate for loans was 2.77%, while their most frequently originated rate bucket for loans was 2.5-3%, with 485 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 396 $60,830,000 $153,611 $4,025 2.74%
    $200k-400k 374 $101,650,000 $271,791 $5,183 2.69%
    $100,000 or less 58 $4,700,000 $81,034 $3,100 2.88%
    $400k-600k 55 $25,765,000 $468,455 $6,453 2.74%
    $600k-1MM 2 $1,380,000 $690,000 $7,361 3.06%

    2021 saw A Mortgage Boutique place emphasis on $100k-200k loans with 396 originations, totaling $60,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 271 $44,905,000 $165,701 $4,128 2.71%
    $50k-75k 251 $49,145,000 $195,797 $4,709 2.74%
    $75k-100k 153 $35,255,000 $230,425 $4,810 2.70%
    $100k-150k 137 $40,405,000 $294,927 $5,192 2.73%
    $150k-250k 51 $17,925,000 $351,471 $4,181 2.78%
    $250k+ 19 $5,905,000 $310,789 $5,660 2.72%

    A Mortgage Boutique lent most frequently to those with incomes in the $50k or less range, with 271 originations. The second most popular income band? $50k-75k, with 251 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 177 $36,945,000 $208,729 $4,326 2.67%
    30-36% 175 $40,495,000 $231,400 $4,383 2.76%
    50-60% 44 $9,540,000 $216,818 $6,944 2.69%
    44% 43 $9,345,000 $217,326 $4,705 2.84%
    <20% 38 $6,600,000 $173,684 $3,341 2.66%
    41% 37 $7,505,000 $202,838 $4,324 2.76%
    39% 37 $7,945,000 $214,730 $4,214 2.82%
    37% 36 $7,850,000 $218,056 $5,003 2.73%
    43% 36 $6,960,000 $193,333 $4,448 2.83%
    36% 30 $6,600,000 $220,000 $5,694 2.84%
    40% 30 $6,560,000 $218,667 $4,619 2.81%
    38% 28 $6,370,000 $227,500 $5,162 2.68%
    42% 27 $5,725,000 $212,037 $4,625 2.87%
    49% 25 $5,595,000 $223,800 $5,599 2.73%
    45% 22 $5,530,000 $251,364 $6,047 2.74%
    46% 18 $4,320,000 $240,000 $5,499 2.71%
    47% 18 $5,560,000 $308,889 $5,164 2.81%
    48% 18 $3,740,000 $207,778 $4,594 2.67%
    >60% 2 $580,000 $290,000 $8,919 2.69%

    A Mortgage Boutique lent most frequently to those with DTI ratios of 20-30%, with 177 originations. The next most common DTI ratio? 30-36%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 734 $154,940,000 $211,090 $4,531 2.71%
    Not provided 116 $31,150,000 $268,534 $4,838 2.79%
    Black 30 $6,940,000 $231,333 $5,588 2.80%
    Asian 3 $885,000 $295,000 $6,908 2.88%
    Native Hawaiian or Islander 2 $410,000 $205,000 $3,386 2.94%

    Approval Rates

    Total approvals of all applications
    96.18%

    A Mortgage Boutique has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    74.80%

    A Mortgage Boutique has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 885 $194,325,000 $219,576

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    885 $194,325,000 $219,576

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $2,535,000 $120,714 $3,175 2.59%
    40-60% 101 $18,415,000 $182,327 $3,232 2.60%
    60-80% 306 $68,190,000 $222,843 $4,062 2.79%
    80-100% 432 $97,760,000 $226,296 $5,006 2.72%
    Over 100% 25 $7,425,000 $297,000 $11,334 2.71%