Tbi Mortgage Company Rates, Fees & Info

WILMINGTON, DE

LEI: 5493009BD405QQTMXO12

Tax ID: 23-2515434

3.3 stars - Updated: 3/3/24 - out of 5 stars, based on 60 reviews

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

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Mortgage Data

Review & Overview

Tbi Mortgage Company is a small mortgage company specializing in Home Purchase loans. Tbi Mortgage Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Philadelphia, Phoenix, Washington, Boise City, and Dallas among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)

Tbi Mortgage Company 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. Tbi Mortgage Company is typically a high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.11% 3/3/24
30 Year Conventional Refi 6.29% 3/3/24
30 Year Cash-out Refi 7.04% 3/3/24
30 Year FHA Purchase 6.72% 3/3/24
30 Year VA Purchase 5.84% 3/3/24
15 Year Conventional Purchase 5.82% 3/3/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Tbi Mortgage Company Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Tbi Mortgage Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,599

Origination Dollar Volume (All Markets)

$1,969,975,000
Show all (19) awards

Relative Rate

Tbi Mortgage Company's average 30 year fixed mortgage rate was 4.36%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.4%.

Relative Fees (Closing Costs)

Tbi Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $9,464.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 353 $168,805,000 $478,201 $8,844 4.27%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 304 $164,610,000 $541,480 $9,540 4.54%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 192 $142,450,000 $741,927 $10,904 4.27%
BOISE CITY, ID (FHA|USDA|VA) 293 $119,895,000 $409,198 $9,059 4.52%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 170 $102,890,000 $605,235 $11,365 4.31%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 175 $98,945,000 $565,400 $8,670 4.26%
RENO, NV (FHA|USDA|VA) 177 $86,395,000 $488,107 $9,495 4.40%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 91 $86,225,000 $947,527 $11,320 4.14%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 127 $85,105,000 $670,118 $9,473 3.87%
JACKSONVILLE, FL (FHA|USDA|VA) 170 $77,080,000 $453,412 $8,875 4.15%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 107 $72,295,000 $675,654 $8,912 3.97%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 137 $71,835,000 $524,343 $11,579 4.71%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 136 $71,040,000 $522,353 $8,907 4.57%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 101 $59,045,000 $584,604 $9,291 4.27%
RALEIGH-CARY, NC (FHA|USDA|VA) 74 $43,460,000 $587,297 $7,029 4.15%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 74 $36,560,000 $494,054 $7,895 4.04%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 27 $30,095,000 $1,114,630 $9,923 3.48%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 41 $27,865,000 $679,634 $10,260 4.21%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 47 $27,285,000 $580,532 $9,866 4.27%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 48 $25,530,000 $531,875 $9,220 4.07%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 52 $25,320,000 $486,923 $8,107 4.98%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 27 $24,285,000 $899,444 $12,147 3.81%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 36 $23,840,000 $662,222 $9,284 4.06%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 56 $23,290,000 $415,893 $6,171 4.39%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 42 $22,780,000 $542,381 $6,711 4.31%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 68 $20,900,000 $307,353 $6,802 4.09%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 18 $19,750,000 $1,097,222 $14,264 4.10%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 64 $19,380,000 $302,813 $6,754 4.28%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 43 $19,295,000 $448,721 $10,435 4.30%
COLORADO SPRINGS, CO (FHA|USDA|VA) 37 $19,265,000 $520,676 $7,748 4.43%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 42 $19,020,000 $452,857 $9,296 4.33%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 38 $18,990,000 $499,737 $10,272 4.62%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 40 $16,450,000 $411,250 $8,465 4.69%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 33 $15,445,000 $468,030 $7,003 4.26%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 25 $13,425,000 $537,000 $9,600 3.60%
SALT LAKE CITY, UT (FHA|USDA|VA) 21 $13,245,000 $630,714 $6,692 3.89%
ANN ARBOR, MI (FHA|USDA|VA) 25 $10,675,000 $427,000 $7,645 4.56%
FORT COLLINS, CO (FHA|USDA|VA) 21 $10,155,000 $483,571 $7,451 4.12%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 11 $9,065,000 $824,091 $12,080 4.09%
PROVO-OREM, UT (FHA|USDA|VA) 13 $7,455,000 $573,462 $7,618 4.39%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $4,730,000 $788,333 $10,502 3.23%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 15 $4,525,000 $301,667 $5,542 3.88%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 9 $3,985,000 $442,778 $7,616 4.05%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $2,825,000 $565,000 $8,257 5.05%
BOULDER, CO (FHA|USDA|VA) 3 $2,085,000 $695,000 $11,620 4.17%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $8,323 3.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $915,000 $305,000 $4,875 5.12%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $155,000 $155,000 $4,743 4.99%
Tbi Mortgage Company's top markets include Philadelphia, Phoenix, Washington, Boise City, and Dallas among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

    Los Angeles Federal Credit Union
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    Great Basin Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,425 $1,869,025,000 $545,701 $9,083 4.31%
    VA 150 $90,070,000 $600,467 $11,868 4.22%
    FHA 24 $10,880,000 $453,333 $15,380 4.37%

    For 2022, Tbi Mortgage Company's most frequently originated type of loan was Conventional, with 3,425 originations. Their 2nd most popular type was VA, with 150 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,597 $1,969,305,000 $547,485 $9,244 4.31%
    Refi 1 $365,000 $365,000 $2,406 3.13%
    Cash Out Refi 1 $305,000 $305,000 $2,725 3.88%

    For 2022, Tbi Mortgage Company's most frequently cited loan purpose was Home Purchase, with 3,597 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,291 $1,858,675,000 $564,775 $9,464 4.36%
    15 Year 289 $103,035,000 $356,522 $6,821 3.71%
    20 Year 18 $7,460,000 $414,444 $7,535 3.62%
    Other 1 $805,000 $805,000 $5,658 2.75%

    For 2022, Tbi Mortgage Company's most frequently cited loan duration was 30 Year, with 3,291 originations. The 2nd most popular length was 15 Year, with 289 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,539 $918,755,000 $596,982
    $1k-2k 1,084 $605,390,000 $558,478
    $4k-5k 324 $158,860,000 $490,309
    $3k-4k 276 $133,090,000 $482,210
    $2k-3k 221 $107,325,000 $485,633
    $<1k 155 $46,555,000 $300,355

    Tbi Mortgage Company's average total fees were $9,464, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,539 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,308 $714,740,000 $546,437
    4-5% 951 $525,135,000 $552,192
    5-6% 774 $401,010,000 $518,101
    2.5-3% 362 $229,500,000 $633,978
    6-7% 151 $74,685,000 $494,603
    <2.5% 37 $18,815,000 $508,514
    7-8% 16 $6,090,000 $380,625

    During 2022, Tbi Mortgage Company's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 3-4%, with 1,308 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 1,368 $678,230,000 $495,782 $9,501 4.43%
    $600k-1MM 1,009 $737,285,000 $730,709 $10,559 4.22%
    $200k-400k 816 $253,980,000 $311,250 $7,223 4.27%
    $1MM+ 213 $273,435,000 $1,283,732 $13,791 3.92%
    $100k-200k 177 $25,865,000 $146,130 $4,114 4.40%
    $100,000 or less 16 $1,180,000 $73,750 $2,932 4.93%

    2022 saw Tbi Mortgage Company place emphasis on $400k-600k loans with 1,368 originations, totaling $678,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,309 $724,125,000 $553,189 $9,503 4.32%
    $250k+ 918 $700,750,000 $763,344 $10,796 4.27%
    $100k-150k 916 $404,270,000 $441,343 $8,375 4.33%
    $75k-100k 279 $97,065,000 $347,903 $7,711 4.34%
    $50k-75k 157 $40,515,000 $258,057 $6,298 4.22%
    $50k or less 20 $3,250,000 $162,500 $4,769 4.05%

    Tbi Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 1,309 originations. The second most popular income band? $250k+, with 918 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 778 $411,240,000 $528,586 $8,547 4.10%
    30-36% 685 $399,675,000 $583,467 $9,506 4.25%
    <20% 234 $102,910,000 $439,786 $7,634 4.10%
    42% 170 $105,410,000 $620,059 $10,418 4.37%
    41% 170 $105,900,000 $622,941 $8,994 4.31%
    39% 157 $95,265,000 $606,783 $10,139 4.37%
    49% 146 $72,130,000 $494,041 $9,751 4.64%
    38% 142 $84,950,000 $598,239 $9,494 4.43%
    36% 134 $71,870,000 $536,343 $8,511 4.33%
    46% 130 $63,910,000 $491,615 $9,977 4.41%
    40% 125 $76,855,000 $614,840 $9,872 4.30%
    37% 124 $67,790,000 $546,694 $9,096 4.29%
    44% 120 $63,980,000 $533,167 $9,415 4.42%
    43% 116 $64,070,000 $552,328 $10,033 4.38%
    47% 114 $57,570,000 $505,000 $9,701 4.56%
    45% 110 $51,240,000 $465,818 $8,952 4.67%
    48% 96 $48,370,000 $503,854 $9,299 4.68%
    50-60% 47 $25,575,000 $544,149 $11,159 4.69%
    >60% 1 $1,265,000 $1,265,000 $45,480 5.13%

    Tbi Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 778 originations. The next most common DTI ratio? 30-36%, with 685 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,898 $956,490,000 $503,946 $8,810 4.28%
    Not provided 824 $470,230,000 $570,667 $9,541 4.35%
    Asian 705 $444,025,000 $629,823 $9,687 4.29%
    Black 152 $89,420,000 $588,289 $10,626 4.41%
    Native Hawaiian or Islander 12 $5,680,000 $473,333 $11,020 4.85%
    American Indian 8 $4,130,000 $516,250 $12,075 4.39%

    Approval Rates

    Total approvals of all applications
    92.64%

    Tbi Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -32.79%

    Tbi Mortgage Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,599 $1,969,975,000 $547,367

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,599 $1,969,975,000 $547,367

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 377 $101,335,000 $268,793 $6,102 4.26%
    40-60% 624 $280,920,000 $450,192 $8,653 4.26%
    60-80% 1,344 $853,340,000 $634,926 $10,034 4.27%
    80-100% 1,136 $706,820,000 $622,201 $9,776 4.37%
    Over 100% 22 $14,410,000 $655,000 $26,851 3.97%
    Under 20% 96 $13,150,000 $136,979 $3,907 4.61%