Tbi Mortgage Company Rates, Fees & Info

WILMINGTON, DE

LEI: 5493009BD405QQTMXO12

Tax ID: 23-2515434

2.9 stars - Updated: 7/14/24 - out of 5 stars, based on 57 reviews

Latest/2023 | 2022 Data | 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: Phoenix, Jacksonville, Atlanta, Philadelphia, and Boise City among others. We have data for 52 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 relatively high 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% 7/14/24
30 Year Conventional Refi 6.29% 7/14/24
30 Year Cash-out Refi 7.04% 7/14/24
30 Year FHA Purchase 6.72% 7/14/24
30 Year VA Purchase 5.84% 7/14/24
15 Year Conventional Purchase 5.82% 7/14/24
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

3,257

Origination Dollar Volume (All Markets)

$1,664,065,000
Show all (23) awards

Relative Rate

Tbi Mortgage Company's average 30 year fixed mortgage rate was 6.32%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.16%.

Relative Fees (Closing Costs)

Tbi Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $11,694.

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 $9,089.

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
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 252 $133,180,000 $528,492 $10,753 6.37%
JACKSONVILLE, FL (FHA|USDA|VA) 255 $130,565,000 $512,020 $13,418 6.14%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 207 $124,995,000 $603,841 $12,180 6.74%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 230 $109,360,000 $475,478 $11,286 6.24%
BOISE CITY, ID (FHA|USDA|VA) 268 $106,890,000 $398,843 $9,998 5.86%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 147 $85,355,000 $580,646 $14,156 6.46%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 162 $81,740,000 $504,568 $13,154 6.31%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 138 $79,030,000 $572,681 $12,199 6.34%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 127 $70,895,000 $558,228 $10,080 6.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 98 $65,670,000 $670,102 $14,215 6.51%
RENO, NV (FHA|USDA|VA) 143 $65,395,000 $457,308 $10,217 6.07%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 128 $63,350,000 $494,922 $10,819 6.17%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 94 $47,270,000 $502,872 $11,663 6.56%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 84 $41,880,000 $498,571 $11,344 6.36%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 60 $36,120,000 $602,000 $13,223 6.40%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 70 $31,160,000 $445,143 $11,670 6.02%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 56 $29,500,000 $526,786 $12,232 6.39%
RALEIGH-CARY, NC (FHA|USDA|VA) 43 $28,085,000 $653,140 $12,246 6.48%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 44 $27,250,000 $619,318 $10,597 6.01%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 59 $25,315,000 $429,068 $9,429 6.34%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 80 $25,190,000 $314,875 $8,790 6.28%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 54 $23,470,000 $434,630 $10,687 6.26%
ANN ARBOR, MI (FHA|USDA|VA) 36 $18,210,000 $505,833 $10,584 6.43%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 43 $17,485,000 $406,628 $10,811 6.22%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 34 $15,570,000 $457,941 $9,008 6.20%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 20 $14,550,000 $727,500 $11,984 6.19%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 34 $12,910,000 $379,706 $10,536 5.75%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 26 $12,780,000 $491,538 $12,070 6.24%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 19 $12,535,000 $659,737 $11,384 6.39%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 24 $11,870,000 $494,583 $12,838 6.32%
BOULDER, CO (FHA|USDA|VA) 21 $11,505,000 $547,857 $8,995 6.42%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 27 $11,495,000 $425,741 $11,017 6.26%
COLORADO SPRINGS, CO (FHA|USDA|VA) 18 $10,800,000 $600,000 $12,988 6.12%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 29 $10,385,000 $358,103 $9,737 6.49%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $9,900,000 $550,000 $14,059 6.41%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 21 $9,555,000 $455,000 $13,500 6.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $8,915,000 $810,455 $13,548 5.90%
PROVO-OREM, UT (FHA|USDA|VA) 12 $7,420,000 $618,333 $8,800 5.73%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 10 $7,410,000 $741,000 $8,340 5.95%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 20 $7,410,000 $370,500 $7,786 6.32%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $4,870,000 $1,217,500 $16,420 6.16%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $4,320,000 $540,000 $19,238 5.86%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $2,785,000 $557,000 $6,111 5.62%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,985,000 $661,667 $6,274 5.46%
ST. GEORGE, UT (FHA|USDA|VA) 2 $1,360,000 $680,000 $24,145 6.19%
FORT COLLINS, CO (FHA|USDA|VA) 3 $1,345,000 $448,333 $4,354 5.66%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,325,000 $441,667 $15,266 7.04%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $16,198 6.00%
STOCKTON, CA (FHA|USDA|VA) 2 $1,000,000 $500,000 $5,338 7.25%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $1,000,000 $500,000 $5,097 5.56%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $405,000 $405,000 $9,704 6.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $195,000 $195,000 $3,060 6.63%
Tbi Mortgage Company's top markets include Phoenix, Jacksonville, Atlanta, Philadelphia, and Boise City among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Georgia (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,084 $1,563,990,000 $507,130 $11,365 6.28%
    VA 116 $72,760,000 $627,241 $11,981 6.02%
    FHA 57 $27,315,000 $479,211 $19,721 6.01%

    For 2023, Tbi Mortgage Company's most frequently originated type of loan was Conventional, with 3,084 originations. Their 2nd most popular type was VA, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,252 $1,662,180,000 $511,125 $11,544 6.27%
    Refi 4 $1,660,000 $415,000 $4,479 5.84%
    Cash Out Refi 1 $225,000 $225,000 $4,675 5.38%

    For 2023, Tbi Mortgage Company's most frequently cited loan purpose was Home Purchase, with 3,252 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,990 $1,555,390,000 $520,197 $11,694 6.32%
    15 Year 241 $98,085,000 $406,992 $9,855 5.63%
    20 Year 21 $9,695,000 $461,667 $9,750 6.31%
    10 Year 5 $895,000 $179,000 $3,808 5.65%

    For 2023, Tbi Mortgage Company's most frequently cited loan duration was 30 Year, with 2,990 originations. The 2nd most popular length was 15 Year, with 241 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,906 $1,067,930,000 $560,299
    $1k-2k 665 $326,435,000 $490,880
    $<1k 185 $59,235,000 $320,189
    $4k-5k 182 $73,300,000 $402,747
    $2k-3k 170 $74,960,000 $440,941
    $3k-4k 149 $62,205,000 $417,483

    Tbi Mortgage Company's average total fees were $11,694, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,906 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,319 $694,265,000 $526,357
    5-6% 1,124 $557,180,000 $495,712
    7-8% 541 $287,465,000 $531,359
    4-5% 231 $105,685,000 $457,511
    3-4% 23 $10,205,000 $443,696
    Over 8% 19 $9,265,000 $487,632

    During 2023, Tbi Mortgage Company's average interest rate for loans was 6.32%, while their most frequently originated rate bucket for loans was 6-7%, with 1,319 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 1,375 $675,725,000 $491,436 $11,973 6.27%
    $600k-1MM 947 $669,105,000 $706,552 $14,456 6.37%
    $200k-400k 682 $210,050,000 $307,991 $7,920 6.14%
    $100k-200k 160 $23,300,000 $145,625 $4,245 6.16%
    $1MM+ 69 $84,095,000 $1,218,768 $18,011 6.25%
    $100,000 or less 24 $1,790,000 $74,583 $3,667 6.22%

    2023 saw Tbi Mortgage Company place emphasis on $400k-600k loans with 1,375 originations, totaling $675,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,295 $686,195,000 $529,880 $12,014 6.29%
    $250k+ 909 $578,945,000 $636,903 $13,206 6.42%
    $100k-150k 723 $306,205,000 $423,520 $10,349 6.16%
    $75k-100k 210 $66,260,000 $315,524 $8,300 6.04%
    $50k-75k 108 $24,660,000 $228,333 $6,656 5.95%
    $50k or less 12 $1,800,000 $150,000 $4,753 5.72%

    Tbi Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 1,295 originations. The second most popular income band? $250k+, with 909 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 568 $270,100,000 $475,528 $11,133 6.17%
    30-36% 567 $288,805,000 $509,356 $11,232 6.27%
    49% 219 $111,835,000 $510,662 $12,016 6.38%
    <20% 172 $67,020,000 $389,651 $9,224 6.17%
    46% 144 $71,980,000 $499,861 $11,897 6.30%
    44% 144 $74,840,000 $519,722 $11,863 6.34%
    42% 142 $83,640,000 $589,014 $12,669 6.34%
    48% 141 $73,645,000 $522,305 $12,423 6.37%
    40% 137 $77,315,000 $564,343 $11,635 6.19%
    41% 133 $72,255,000 $543,271 $11,915 6.31%
    38% 129 $72,755,000 $563,992 $11,172 6.38%
    36% 129 $64,335,000 $498,721 $10,997 6.33%
    45% 126 $64,490,000 $511,825 $12,138 6.33%
    47% 123 $61,025,000 $496,138 $11,961 6.36%
    43% 113 $59,215,000 $524,027 $12,189 6.28%
    37% 112 $62,570,000 $558,661 $11,942 6.19%
    39% 111 $61,135,000 $550,766 $11,643 6.16%
    50-60% 45 $26,065,000 $579,222 $13,599 5.95%
    >60% 2 $1,040,000 $520,000 $11,345 6.25%

    Tbi Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 568 originations. The next most common DTI ratio? 30-36%, with 567 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,631 $764,325,000 $468,624 $10,960 6.19%
    Asian 755 $430,295,000 $569,927 $12,240 6.43%
    Not provided 743 $398,105,000 $535,808 $11,696 6.27%
    Black 113 $64,235,000 $568,451 $14,302 6.28%
    Native Hawaiian or Islander 8 $4,340,000 $542,500 $8,420 6.14%
    American Indian 7 $2,765,000 $395,000 $10,218 6.16%

    Approval Rates

    Total approvals of all applications
    92.13%

    Tbi Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -8.84%

    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 3,257 $1,664,065,000 $510,920

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,257 $1,664,065,000 $510,920

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 405 $119,415,000 $294,852 $7,303 6.14%
    40-60% 592 $271,480,000 $458,581 $10,460 6.12%
    60-80% 1,168 $676,290,000 $579,015 $12,932 6.32%
    80-100% 979 $572,865,000 $585,153 $12,780 6.36%
    Over 100% 15 $9,845,000 $656,333 $25,467 6.09%
    Under 20% 98 $14,170,000 $144,592 $4,239 6.23%