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 smaller 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: Washington, Philadelphia, New York, Los Angeles, and San Francisco among others. We have data for 45 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.11% | 11/17/24 |
| 30 Year Conventional Refi | 6.29% | 11/17/24 |
| 30 Year Cash-out Refi | 7.04% | 11/17/24 |
| 30 Year FHA Purchase | 6.72% | 11/17/24 |
| 30 Year VA Purchase | 5.84% | 11/17/24 |
| 15 Year Conventional Purchase | 5.82% | 11/17/24 |
| 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
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This is not an official calculator from Tbi Mortgage Company. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,107Origination Dollar Volume (All Markets)
$534,835,000Awards
TBI MORTGAGE COMPANY - 2018
TBI MORTGAGE COMPANY is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 135 | $59,045,000 | $437,370 | $7,631 | 4.53% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 120 | $51,070,000 | $425,583 | $7,670 | 4.37% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 86 | $50,960,000 | $592,558 | $8,416 | 4.34% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 40 | $36,780,000 | $919,500 | $9,124 | 4.49% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 33 | $31,005,000 | $939,545 | $11,680 | 4.05% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 46 | $29,750,000 | $646,739 | $10,652 | 4.36% |
| BOISE CITY, ID (FHA|USDA|VA) | 102 | $29,210,000 | $286,373 | $6,227 | 4.74% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 47 | $29,065,000 | $618,404 | $6,932 | 4.26% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 43 | $20,205,000 | $469,884 | $7,545 | 4.33% |
| RENO, NV (FHA|USDA|VA) | 48 | $19,020,000 | $396,250 | $6,241 | 4.46% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 27 | $16,205,000 | $600,185 | $8,189 | 4.55% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 34 | $15,250,000 | $448,529 | $6,025 | 4.35% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 27 | $14,515,000 | $537,593 | $7,387 | 4.40% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 44 | $14,300,000 | $325,000 | $6,486 | 4.51% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 17 | $13,575,000 | $798,529 | $8,495 | 4.32% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 33 | $12,155,000 | $368,333 | $7,038 | 4.49% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 26 | $11,820,000 | $454,615 | $7,194 | 4.58% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 24 | $9,880,000 | $411,667 | $7,294 | 4.44% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 23 | $9,055,000 | $393,696 | $4,401 | 4.39% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $7,920,000 | $565,714 | $9,317 | 4.33% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 18 | $5,620,000 | $312,222 | $5,191 | 4.54% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 16 | $5,570,000 | $348,125 | $5,699 | 4.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 12 | $5,260,000 | $438,333 | $6,716 | 4.35% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 14 | $5,250,000 | $375,000 | $4,534 | 4.49% |
| FORT COLLINS, CO (FHA|USDA|VA) | 8 | $3,810,000 | $476,250 | $5,118 | 4.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 12 | $3,810,000 | $317,500 | $7,031 | 4.53% |
| ANN ARBOR, MI (FHA|USDA|VA) | 11 | $3,615,000 | $328,636 | $4,418 | 4.86% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $3,015,000 | $603,000 | $7,948 | 4.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $2,845,000 | $569,000 | $5,115 | 4.08% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,115,000 | $302,143 | $6,176 | 4.61% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $2,065,000 | $688,333 | $6,238 | 4.58% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 7 | $2,005,000 | $286,429 | $5,926 | 4.90% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $5,221 | 4.73% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $12,178 | 4.19% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $9,573 | 4.63% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $8,961 | 4.25% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $5,615 | 3.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $22,653 | 3.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,350 | 4.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,902 | 4.63% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,540 | 5.13% |
| Hailey, ID (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,044 | 4.38% |
| Outside of Metro Areas | 1 | $375,000 | $375,000 | $3,663 | 4.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,267 | 4.99% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,178 | 4.00% |
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 | 1,019 | $495,505,000 | $486,266 | $7,127 | 4.46% |
| VA | 64 | $29,380,000 | $459,063 | $9,268 | 4.30% |
| FHA | 24 | $9,950,000 | $414,583 | $13,788 | 4.53% |
For 2018, Tbi Mortgage Company's most frequently originated type of loan was Conventional, with 1,019 originations. Their 2nd most popular type was VA, with 64 originations.
Loan Reason
For 2018, Tbi Mortgage Company's most frequently cited loan purpose was Home Purchase, with 1,102 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
For 2018, Tbi Mortgage Company's most frequently cited loan duration was 30 Year, with 1,016 originations. The 2nd most popular length was 15 Year, with 80 originations.
Origination Fees/Closing Costs
Tbi Mortgage Company's average total fees were $7,540, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 309 originations.
Interest Rates
During 2018, Tbi Mortgage Company's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 814 originations.
Loan Sizing
2018 saw Tbi Mortgage Company place emphasis on $200k-400k loans with 399 originations, totaling $121,725,000 in origination value.
Applicant Income
Tbi Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 360 originations. The second most popular income band? $100k-150k, with 302 originations.
Applicant Debt to Income Ratio
Tbi Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 238 originations. The next most common DTI ratio? 30-36%, with 231 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.85%
Tbi Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination-6.50%
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 |
|---|---|---|---|
| 9940.0 | 1 | $915,000 | $915,000 |
| NA | 1,106 | $533,920,000 | $482,749 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,107 | $534,835,000 | $483,139 |