Tbi Mortgage Company Rates, Fees & Info

WILMINGTON, DE

LEI: 5493009BD405QQTMXO12

Tax ID: 23-2515434

3 stars - Updated: 4/5/25 - out of 5 stars, based on 64 reviews

Latest/2024 | 2023 Data | 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: Atlanta, Boise City, Washington, Houston, and Dallas among others. We have data for 60 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 an average 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 6.85% 4/5/25
30 Year Conventional Refi 5.73% 4/5/25
30 Year FHA Purchase 6.71% 4/5/25
30 Year VA Purchase 6.10% 4/5/25
15 Year Conventional Purchase 5.99% 4/5/25
15 Year VA Purchase 5.12% 4/5/25
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

4,115

Origination Dollar Volume (All Markets)

$2,141,295,000
Show all (25) awards

Relative Rate

Tbi Mortgage Company's average 30 year fixed mortgage rate was 6.49%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of -0.06%.

Relative Fees (Closing Costs)

Tbi Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $10,509.

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 $8,356.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 323 $194,515,000 $602,214 $10,996 6.54%
BOISE CITY, ID (FHA|USDA|VA) 410 $157,050,000 $383,049 $10,190 6.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 211 $144,595,000 $685,284 $10,884 6.55%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 276 $132,890,000 $481,486 $12,038 6.45%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 193 $117,715,000 $609,922 $13,095 6.62%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 192 $114,310,000 $595,365 $7,083 6.31%
JACKSONVILLE, FL (FHA|USDA|VA) 240 $113,780,000 $474,083 $11,741 6.38%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 202 $111,610,000 $552,525 $9,439 6.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 173 $95,345,000 $551,127 $10,471 6.60%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 185 $91,725,000 $495,811 $10,185 6.62%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 139 $75,785,000 $545,216 $10,050 6.26%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 147 $65,595,000 $446,224 $8,734 6.64%
RENO, NV (FHA|USDA|VA) 122 $59,120,000 $484,590 $9,908 6.47%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 112 $58,820,000 $525,179 $11,899 6.54%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 116 $58,810,000 $506,983 $13,928 6.33%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 65 $45,255,000 $696,231 $9,952 6.21%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 85 $43,235,000 $508,647 $11,894 6.45%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 48 $38,470,000 $801,458 $8,368 6.21%
RALEIGH-CARY, NC (FHA|USDA|VA) 81 $36,075,000 $445,370 $9,185 6.48%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 66 $28,880,000 $437,576 $7,840 6.37%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 54 $21,930,000 $406,111 $9,311 6.46%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 46 $21,850,000 $475,000 $10,005 6.35%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 33 $21,655,000 $656,212 $8,955 6.50%
BOULDER, CO (FHA|USDA|VA) 40 $21,620,000 $540,500 $6,927 6.43%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 35 $19,315,000 $551,857 $13,758 6.24%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 55 $19,245,000 $349,909 $8,251 6.46%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 31 $18,395,000 $593,387 $12,660 6.43%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 48 $18,380,000 $382,917 $8,954 6.67%
FORT COLLINS, CO (FHA|USDA|VA) 31 $18,125,000 $584,677 $8,287 6.29%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 44 $16,350,000 $371,591 $8,102 6.46%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 26 $12,380,000 $476,154 $13,191 6.61%
PUNTA GORDA, FL (FHA|USDA|VA) 30 $11,880,000 $396,000 $8,409 6.51%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 29 $11,715,000 $403,966 $10,193 6.40%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 25 $11,495,000 $459,800 $8,526 6.62%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $10,470,000 $1,047,000 $11,956 6.84%
COLORADO SPRINGS, CO (FHA|USDA|VA) 20 $10,170,000 $508,500 $5,725 6.68%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 18 $10,050,000 $558,333 $9,979 6.43%
STOCKTON, CA (FHA|USDA|VA) 23 $9,695,000 $421,522 $7,938 6.42%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 16 $9,620,000 $601,250 $14,819 6.48%
ANN ARBOR, MI (FHA|USDA|VA) 17 $8,575,000 $504,412 $10,078 6.87%
PROVO-OREM, UT (FHA|USDA|VA) 12 $8,270,000 $689,167 $8,076 6.71%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $6,770,000 $1,128,333 $14,397 6.69%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 8 $5,350,000 $668,750 $11,393 6.17%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 11 $5,315,000 $483,182 $13,026 6.06%
SALT LAKE CITY, UT (FHA|USDA|VA) 7 $4,585,000 $655,000 $5,089 6.50%
Outside of Metro Areas 9 $3,955,000 $439,444 $11,366 6.56%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $3,670,000 $611,667 $18,099 5.94%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $2,090,000 $522,500 $10,586 6.38%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $2,065,000 $413,000 $6,193 6.84%
ST. GEORGE, UT (FHA|USDA|VA) 5 $2,015,000 $403,000 $3,929 6.17%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $1,785,000 $357,000 $9,249 6.55%
Outside of Metro Areas 4 $1,740,000 $435,000 $7,062 7.03%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,715,000 $571,667 $8,656 5.92%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,415,000 $471,667 $12,890 5.58%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $1,190,000 $595,000 $11,848 6.56%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $860,000 $430,000 $11,681 6.75%
Heber, UT (FHA|USDA|VA) 1 $785,000 $785,000 $7,900 6.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $635,000 $211,667 $5,624 6.12%
OCALA, FL (FHA|USDA|VA) 1 $315,000 $315,000 $6,256 6.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,939 6.13%
Tbi Mortgage Company's top markets include Atlanta, Boise City, Washington, Houston, and Dallas among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Idaho (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 3,722 $1,914,760,000 $514,444 $10,316 6.50%
    VA 264 $164,930,000 $624,735 $7,823 5.90%
    FHA 129 $61,605,000 $477,558 $18,213 5.84%

    For 2024, Tbi Mortgage Company's most frequently originated type of loan was Conventional, with 3,722 originations. Their 2nd most popular type was VA, with 264 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,111 $2,137,745,000 $520,006 $10,411 6.44%
    Refi 4 $3,550,000 $887,500 $4,134 5.69%

    For 2024, Tbi Mortgage Company's most frequently cited loan purpose was Home Purchase, with 4,111 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 3,800 $2,016,070,000 $530,545 $10,509 6.49%
    15 Year 254 $102,640,000 $404,094 $9,511 5.80%
    20 Year 54 $20,850,000 $386,111 $7,870 6.24%
    10 Year 5 $1,355,000 $271,000 $6,809 6.05%
    Other 2 $380,000 $190,000 $3,348 6.56%

    For 2024, Tbi Mortgage Company's most frequently cited loan duration was 30 Year, with 3,800 originations. The 2nd most popular length was 15 Year, with 254 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 2,108 $1,193,390,000 $566,124
    $1k-2k 956 $501,750,000 $524,843
    $<1k 321 $123,895,000 $385,966
    $2k-3k 253 $113,255,000 $447,648
    $4k-5k 249 $110,605,000 $444,197
    $3k-4k 228 $98,400,000 $431,579

    Tbi Mortgage Company's average total fees were $10,509, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 2,108 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 2,352 $1,260,430,000 $535,897
    5-6% 1,050 $512,830,000 $488,410
    7-8% 606 $323,890,000 $534,472
    4-5% 98 $38,920,000 $397,143
    Over 8% 9 $5,225,000 $580,556

    During 2024, Tbi Mortgage Company's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 6-7%, with 2,352 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 1,506 $742,160,000 $492,802 $11,285 6.44%
    $600k-1MM 1,197 $869,945,000 $726,771 $12,127 6.53%
    $200k-400k 989 $302,005,000 $305,364 $8,265 6.36%
    $100k-200k 243 $36,175,000 $148,868 $4,212 6.38%
    $1MM+ 153 $189,045,000 $1,235,588 $13,166 6.45%
    $100,000 or less 27 $1,965,000 $72,778 $3,452 6.27%

    2024 saw Tbi Mortgage Company place emphasis on $400k-600k loans with 1,506 originations, totaling $742,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,577 $816,145,000 $517,530 $10,597 6.45%
    $250k+ 1,267 $853,605,000 $673,721 $11,429 6.56%
    $100k-150k 885 $363,965,000 $411,260 $9,689 6.35%
    $75k-100k 259 $78,105,000 $301,564 $8,237 6.23%
    $50k-75k 111 $27,395,000 $246,802 $7,449 6.22%
    $50k or less 16 $2,080,000 $130,000 $5,421 5.41%

    Tbi Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 1,577 originations. The second most popular income band? $250k+, with 1,267 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 709 $326,995,000 $461,206 $9,481 6.37%
    30-36% 703 $374,015,000 $532,027 $10,415 6.46%
    49% 259 $137,015,000 $529,015 $11,737 6.42%
    <20% 227 $80,135,000 $353,018 $8,069 6.43%
    42% 205 $119,225,000 $581,585 $10,520 6.50%
    47% 196 $106,460,000 $543,163 $11,195 6.54%
    43% 177 $93,595,000 $528,785 $10,969 6.50%
    45% 177 $91,755,000 $518,390 $10,784 6.43%
    48% 172 $89,640,000 $521,163 $11,029 6.49%
    41% 163 $95,145,000 $583,712 $11,109 6.42%
    46% 155 $76,765,000 $495,258 $10,441 6.48%
    36% 154 $85,070,000 $552,403 $10,511 6.43%
    38% 151 $82,835,000 $548,576 $10,513 6.43%
    44% 148 $79,610,000 $537,905 $10,939 6.53%
    39% 146 $88,110,000 $603,493 $10,865 6.53%
    37% 143 $79,515,000 $556,049 $9,870 6.52%
    40% 136 $76,540,000 $562,794 $11,101 6.48%
    50-60% 83 $50,345,000 $606,566 $11,612 5.89%
    >60% 11 $8,525,000 $775,000 $6,782 6.03%

    Tbi Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 709 originations. The next most common DTI ratio? 30-36%, with 703 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,127 $1,017,575,000 $478,409 $9,873 6.39%
    Asian 1,126 $653,710,000 $580,560 $10,884 6.55%
    Not provided 666 $357,390,000 $536,622 $10,854 6.44%
    Black 171 $100,125,000 $585,526 $12,076 6.37%
    American Indian 18 $9,350,000 $519,444 $10,335 6.30%
    Native Hawaiian or Islander 7 $3,145,000 $449,286 $11,314 5.77%

    Approval Rates

    Total approvals of all applications
    92.76%

    Tbi Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    21.36%

    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 4,115 $2,141,295,000 $520,363

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,115 $2,141,295,000 $520,363

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 526 $145,880,000 $277,338 $6,753 6.32%
    40-60% 680 $307,250,000 $451,838 $9,694 6.36%
    60-80% 1,375 $817,965,000 $594,884 $11,571 6.50%
    80-100% 1,349 $828,615,000 $614,244 $11,522 6.47%
    Over 100% 29 $18,195,000 $627,414 $20,335 6.10%
    Under 20% 156 $23,390,000 $149,936 $4,030 6.44%