Tbi Mortgage Company Rates, Fees & Info

WILMINGTON, DE

LEI: 5493009BD405QQTMXO12

Tax ID: 23-2515434

3.6 stars - out of 5 stars, based on 66 reviews

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

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Mortgage Data

  • SimulatedRates™
  • 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.

    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 6.78% 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

    4,338

    Origination Dollar Volume (All Markets)

    $2,192,720,000
    Show all (19) awards

    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%
    Tbi Mortgage Company's top markets include Washington, Philadelphia, Boise City, Los Angeles, and Phoenix among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (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.

    N C P D Federal Credit Union
    Similarity Rank: 102
    DADE COUNTY FEDERAL CREDIT UNION
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    SIKORSKY FINANCIAL
    Similarity Rank: 168
    Los Angeles Federal Credit Union
    Similarity Rank: 170
    Great Basin Federal Credit Union
    Similarity Rank: 348
    Schuyler Savings Bank
    Similarity Rank: 352
    First Credit Union
    Similarity Rank: 378
    MUTUAL SECURITY CREDIT UNION
    Similarity Rank: 380
    Northwest Community Bank
    Similarity Rank: 390

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 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

    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 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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,588 $1,278,370,000 $493,961
    $5k+ 691 $428,475,000 $620,080
    $2k-3k 314 $146,680,000 $467,134
    $3k-4k 294 $141,570,000 $481,531
    $4k-5k 285 $140,935,000 $494,509
    $<1k 166 $56,690,000 $341,506

    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

    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 for loans was 2.95%, while their most frequently originated rate bucket for loans was 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 or Islander 11 $7,185,000 $653,182 $7,884 2.90%

    Approval Rates

    Total approvals of all applications
    95.60%

    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 origination
    4.29%

    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

    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%