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

2021 Data | 2020 Data | 2019 Data | 2018 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

4,338

Origination Dollar Volume (All Markets)

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

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 applications
94.42%

Tbi Mortgage Company has an average approval rate.

Pick Rate

Approvals leading to origination
13.47%

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%