Tbi Mortgage Company Rates, Fees & Info
WILMINGTON, DELEI: 5493009BD405QQTMXO12
Tax ID: 23-2515434
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Mortgage Data
Review & Overview
Tbi Mortgage Company is a small mortgage company specializing in 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: Washington, Philadelphia, Boise City, Los Angeles, and Phoenix among others. We have data for 51 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.78% | 11/26/22 |
| 30 Year Conventional Refi | 6.53% | 11/26/22 |
| 30 Year FHA Purchase | 7.54% | 11/26/22 |
| 30 Year VA Purchase | 6.51% | 11/26/22 |
| 15 Year Conventional Purchase | 6.23% | 11/26/22 |
| 15 Year Conventional Refi | 6.06% | 11/26/22 |
| 15 Year Cash-out Refi | 6.06% | 11/26/22 |
| 15 Year VA Purchase | 5.91% | 11/26/22 |
| 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. | ||
Originations
4,338Origination Dollar Volume (All Markets)
$2,192,720,000Awards
TBI MORTGAGE COMPANY - 2021
TBI MORTGAGE COMPANY is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Tbi Mortgage Company's average 30 year fixed mortgage rate was
2.95%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.2%.
Relative Fees (Closing Costs)
Tbi Mortgage Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,767.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 319 | $221,245,000 | $693,558 | $7,526 | 2.92% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 468 | $215,020,000 | $459,444 | $6,796 | 2.82% |
| BOISE CITY, ID (FHA|USDA|VA) | 367 | $127,955,000 | $348,651 | $6,440 | 2.98% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 159 | $125,905,000 | $791,855 | $8,004 | 2.94% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 210 | $112,490,000 | $535,667 | $7,170 | 2.96% |
| RENO, NV (FHA|USDA|VA) | 228 | $106,000,000 | $464,912 | $6,392 | 2.97% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 156 | $100,830,000 | $646,346 | $6,388 | 2.93% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 195 | $83,795,000 | $429,718 | $5,329 | 2.86% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 170 | $77,980,000 | $458,706 | $5,812 | 2.89% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 143 | $76,075,000 | $531,993 | $6,591 | 2.86% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 121 | $67,245,000 | $555,744 | $8,917 | 2.68% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 142 | $65,860,000 | $463,803 | $6,768 | 2.91% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 119 | $61,835,000 | $519,622 | $4,809 | 2.89% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 139 | $61,495,000 | $442,410 | $7,866 | 2.83% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 60 | $56,370,000 | $939,500 | $9,354 | 2.86% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 107 | $54,505,000 | $509,393 | $6,800 | 2.95% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 50 | $44,850,000 | $897,000 | $8,457 | 2.82% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 108 | $43,650,000 | $404,167 | $5,213 | 2.94% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 76 | $37,530,000 | $493,816 | $7,921 | 2.83% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 55 | $34,245,000 | $622,636 | $8,067 | 2.91% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 80 | $33,000,000 | $412,500 | $6,722 | 3.02% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 36 | $31,730,000 | $881,389 | $9,464 | 2.81% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 43 | $24,075,000 | $559,884 | $7,208 | 3.03% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 53 | $23,915,000 | $451,226 | $5,413 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 59 | $23,785,000 | $403,136 | $6,141 | 3.08% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 32 | $21,760,000 | $680,000 | $8,267 | 2.93% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 48 | $21,180,000 | $441,250 | $4,646 | 2.84% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 52 | $19,800,000 | $380,769 | $5,959 | 2.95% |
| ANN ARBOR, MI (FHA|USDA|VA) | 43 | $18,235,000 | $424,070 | $5,611 | 2.93% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 57 | $17,145,000 | $300,789 | $5,459 | 2.86% |
| FORT COLLINS, CO (FHA|USDA|VA) | 37 | $17,015,000 | $459,865 | $5,159 | 2.90% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 55 | $16,595,000 | $301,727 | $4,942 | 2.95% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 38 | $16,490,000 | $433,947 | $5,609 | 3.07% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 63 | $16,465,000 | $261,349 | $4,676 | 3.11% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 42 | $15,650,000 | $372,619 | $5,197 | 3.01% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 20 | $14,980,000 | $749,000 | $9,796 | 2.76% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 32 | $11,730,000 | $366,563 | $6,156 | 2.93% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 23 | $10,185,000 | $442,826 | $6,799 | 2.94% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 19 | $9,655,000 | $508,158 | $4,830 | 2.82% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 30 | $9,420,000 | $314,000 | $5,747 | 3.04% |
| PROVO-OREM, UT (FHA|USDA|VA) | 17 | $8,595,000 | $505,588 | $5,539 | 2.98% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 15 | $8,275,000 | $551,667 | $6,934 | 2.96% |
| BOULDER, CO (FHA|USDA|VA) | 12 | $6,770,000 | $564,167 | $5,540 | 2.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 14 | $6,730,000 | $480,714 | $7,134 | 2.80% |
| GREELEY, CO (FHA|USDA|VA) | 9 | $5,715,000 | $635,000 | $5,938 | 2.79% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 8 | $4,080,000 | $510,000 | $7,879 | 2.67% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 5 | $3,275,000 | $655,000 | $6,390 | 3.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,121 | 2.88% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,326 | 3.25% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,615 | 2.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,508 | 3.13% |
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
For 2021, Tbi Mortgage Company's most frequently originated type of loan was Conventional, with 4,112 originations. Their 2nd most popular type was VA, with 193 originations.
Loan Reason
For 2021, Tbi Mortgage Company's most frequently cited loan purpose was Home Purchase, with 4,322 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
For 2021, Tbi Mortgage Company's most frequently cited loan duration was 30 Year, with 3,981 originations. The 2nd most popular length was 15 Year, with 344 originations.
Origination Fees/Closing Costs
Tbi Mortgage Company's average total fees were $6,767, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,588 originations.
Interest Rates
During 2021, Tbi Mortgage Company's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,601 originations.
Loan Sizing
2021 saw Tbi Mortgage Company place emphasis on $400k-600k loans with 1,774 originations, totaling $871,740,000 in origination value.
Applicant Income
Tbi Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 1,492 originations. The second most popular income band? $100k-150k, with 1,253 originations.
Applicant Debt to Income Ratio
Tbi Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 1,097 originations. The next most common DTI ratio? 30-36%, with 860 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.60%
Tbi Mortgage Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination4.29%
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 | 4,338 | $2,192,720,000 | $505,468 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,338 | $2,192,720,000 | $505,468 |
