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 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
4,115Origination Dollar Volume (All Markets)
$2,141,295,000Awards
TBI MORTGAGE COMPANY - 2024
TBI MORTGAGE COMPANY is a 2024 , due to their low .
For 2024, 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
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% |
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 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
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
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
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
2024 saw Tbi Mortgage Company place emphasis on $400k-600k loans with 1,506 originations, totaling $742,160,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications92.76%
Tbi Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination21.36%
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 |