Tbi Mortgage Company Rates, Fees & Info
WILMINGTON, DELEI: 5493009BD405QQTMXO12
Tax ID: 23-2515434
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 include Washington, Philadelphia, Boise City, Los Angeles, and Phoenix among others. Tbi Mortgage Company has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Tbi Mortgage Company is typically a high fee lendor.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 rate mortgage of loans were
2.95%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.2%.
Relative Fees
Tbi Mortgage Company's average total fees for a 30 year fixed rate
mortgage are $6,767.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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% |
Tbi Mortgage Company's top markets include Washington, Philadelphia, Boise City, Los Angeles, and Phoenix among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 4,112 | $2,075,330,000 | $504,701 | $6,505 | 2.92% |
| VA | 193 | $105,025,000 | $544,171 | $9,220 | 2.69% |
| FHA | 33 | $12,365,000 | $374,697 | $11,044 | 2.76% |
For the 2021 period, Tbi Mortgage Company's most frequently originated loan type of loans were Conventional, with 4,112 originations. Their 2nd most popular type is VA, with 193 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 4,322 | $2,185,190,000 | $505,597 | $6,671 | 2.91% |
| Refi | 15 | $7,225,000 | $481,667 | $3,858 | 2.69% |
| Home Improvement | 1 | $305,000 | $305,000 | $3,305 | 3.38% |
For the 2021, Tbi Mortgage Company's most frequently cited loan purpose of loans were Home Purchase, with 4,322 originations. The 2nd most popular reason of loans were Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3,981 | $2,069,865,000 | $519,936 | $6,767 | 2.95% |
| 15 Year | 344 | $118,430,000 | $344,273 | $5,434 | 2.48% |
| 20 Year | 10 | $3,750,000 | $375,000 | $6,840 | 2.72% |
| 10 Year | 3 | $675,000 | $225,000 | $4,877 | 2.46% |
For the 2021, Tbi Mortgage Company's most frequently cited loan length of loans were 30 Year, with 3,981 originations. The 2nd most popular length of loans were 15 Year, with 344 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2,588 | $1,278,370,000 | $493,961 |
| $5k+ | 691 | $428,475,000 | $620,080 |
| $3k-4k | 579 | $282,505,000 | $487,919 |
| $2k-3k | 314 | $146,680,000 | $467,134 |
| $<1k | 166 | $56,690,000 | $341,506 |
$6,767 of loans were Tbi Mortgage Company's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,588 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,601 | $1,363,935,000 | $524,389 |
| 3-4% | 1,213 | $578,045,000 | $476,542 |
| <2.5% | 509 | $243,415,000 | $478,222 |
| 4-5% | 14 | $6,790,000 | $485,000 |
| 5-6% | 1 | $535,000 | $535,000 |
During 2021, Tbi Mortgage Company's average interest rate of loans were 2.95%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,601 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $400k-600k | 1,774 | $871,740,000 | $491,398 | $6,702 | 2.91% |
| $200k-400k | 1,242 | $391,610,000 | $315,306 | $5,639 | 2.92% |
| $600k-1MM | 906 | $671,440,000 | $741,104 | $8,038 | 2.91% |
| $100k-200k | 214 | $31,320,000 | $146,355 | $3,687 | 2.89% |
| $1MM+ | 175 | $224,685,000 | $1,283,914 | $10,576 | 2.85% |
| $100,000 or less | 27 | $1,925,000 | $71,296 | $2,825 | 3.00% |
2021 saw Tbi Mortgage Company place emphasis on $400k-600k loans with 1,774 originations, totaling $871,740,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 1,492 | $807,290,000 | $541,079 | $6,891 | 2.91% |
| $100k-150k | 1,253 | $541,845,000 | $432,438 | $6,248 | 2.92% |
| $250k+ | 846 | $610,330,000 | $721,430 | $7,853 | 2.86% |
| $75k-100k | 428 | $150,100,000 | $350,701 | $5,785 | 2.95% |
| $50k-75k | 276 | $76,270,000 | $276,341 | $5,378 | 2.94% |
| $50k or less | 43 | $6,885,000 | $160,116 | $4,115 | 3.00% |
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
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,097 | $540,465,000 | $492,675 | $6,420 | 2.87% |
| 30-36% | 860 | $463,930,000 | $539,453 | $6,830 | 2.91% |
| <20% | 347 | $153,455,000 | $442,233 | $6,007 | 2.83% |
| 41% | 193 | $107,835,000 | $558,731 | $7,229 | 2.93% |
| 42% | 192 | $107,670,000 | $560,781 | $7,007 | 2.96% |
| 36% | 168 | $93,910,000 | $558,988 | $7,408 | 2.92% |
| 38% | 165 | $86,065,000 | $521,606 | $6,669 | 2.97% |
| 37% | 164 | $92,250,000 | $562,500 | $7,067 | 2.92% |
| 39% | 159 | $88,205,000 | $554,748 | $6,992 | 2.93% |
| 40% | 157 | $77,685,000 | $494,809 | $6,575 | 2.95% |
| 44% | 149 | $68,425,000 | $459,228 | $6,285 | 2.96% |
| 43% | 122 | $55,050,000 | $451,230 | $6,621 | 2.95% |
| 47% | 115 | $55,495,000 | $482,565 | $6,704 | 2.92% |
| 48% | 113 | $49,205,000 | $435,442 | $6,424 | 2.94% |
| 46% | 108 | $49,180,000 | $455,370 | $6,530 | 2.97% |
| 49% | 107 | $48,155,000 | $450,047 | $6,646 | 2.94% |
| 45% | 93 | $40,095,000 | $431,129 | $6,222 | 2.95% |
| 50-60% | 27 | $14,265,000 | $528,333 | $9,368 | 2.93% |
| >60% | 2 | $1,380,000 | $690,000 | $6,475 | 2.56% |
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
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,356 | $1,063,790,000 | $451,524 | $6,275 | 2.93% |
| Asian | 867 | $515,255,000 | $594,296 | $7,036 | 2.84% |
| Not provided | 923 | $505,795,000 | $547,990 | $7,188 | 2.91% |
| Black | 165 | $92,835,000 | $562,636 | $7,000 | 2.94% |
| American Indian | 16 | $7,860,000 | $491,250 | $8,242 | 2.88% |
| Native Hawaiian | 11 | $7,185,000 | $653,182 | $7,884 | 2.90% |
Approval Rates
Total approvals of all applications94.42%
Tbi Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination13.47%
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 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 364 | $90,440,000 | $248,462 | $4,836 | 2.84% |
| 40-60% | 659 | $278,005,000 | $421,859 | $6,353 | 2.83% |
| 60-80% | 1,683 | $970,475,000 | $576,634 | $7,035 | 2.90% |
| 80-100% | 1,519 | $825,205,000 | $543,255 | $6,699 | 2.98% |
| Over 100% | 33 | $18,765,000 | $568,636 | $19,801 | 2.79% |
| Under 20% | 80 | $9,830,000 | $122,875 | $3,442 | 2.91% |
