Robins Financial Mortgage Rates, Fees & Info

Warner Robins, GA

LEI: 549300AUL77A8UKADB04

Tax ID: 58-0641605

5 stars - out of 5 stars, based on 37 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Robins Financial is a smaller mortgage company specializing in Home Purchase and Refi loans. Robins Financial has a high proportion of conventional loans. Their top markets include Warner Robins, Macon, Atlanta, Athens, and Dublin among others. Robins Financial has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Robins Financial is typically a low fee lendor.


Originations

1,405

Origination Dollar Volume (All Markets)

$183,295,000

Awards

ROBINS FINANCIAL 30 Year Conventional Loans gold ROBINS FINANCIAL 30 Year Conventional Loans gold ROBINS FINANCIAL 30 Year Conventional Loans gold
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Relative Rate

Robins Financial's average 30 year fixed rate mortgage of loans were 3.3%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.15%.

Relative Fees

Robins Financial's average total fees for a 30 year fixed rate mortgage are $3,140.

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
WARNER ROBINS, GA (FHA|USDA|VA) 640 $73,360,000 $114,625 $2,942 3.67%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 385 $63,075,000 $163,831 $3,003 3.54%
Outside of Metro Areas 114 $12,950,000 $113,596 $2,853 3.35%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 78 $10,220,000 $131,026 $3,627 3.88%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 61 $6,535,000 $107,131 $3,602 3.77%
Dublin, GA (FHA|USDA|VA) 50 $5,750,000 $115,000 $3,001 3.64%
Milledgeville, GA (FHA|USDA|VA) 38 $5,340,000 $140,526 $3,632 3.54%
Jefferson, GA (FHA|USDA|VA) 8 $1,160,000 $145,000 $3,461 3.63%
BRUNSWICK, GA (FHA|USDA|VA) 4 $920,000 $230,000 $5,301 3.41%
SAVANNAH, GA (FHA|USDA|VA) 6 $920,000 $153,333 $3,315 3.06%
Tifton, GA (FHA|USDA|VA) 3 $455,000 $151,667 $4,075 2.67%
Cordele, GA (FHA|USDA|VA) 2 $420,000 $210,000 $5,590 4.06%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $400,000 $200,000 $3,678 3.50%
Statesboro, GA (FHA|USDA|VA) 2 $370,000 $185,000 $3,304 3.31%
Vidalia, GA (FHA|USDA|VA) 2 $290,000 $145,000 $2,623 3.63%
GAINESVILLE, GA (FHA|USDA|VA) 1 $275,000 $275,000 $4,123 2.50%
Thomaston, GA (FHA|USDA|VA) 3 $245,000 $81,667 $2,763 3.71%
Americus, GA (FHA|USDA|VA) 1 $205,000 $205,000 $4,025 3.88%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $150,000 $75,000 $2,816 3.69%
Thomasville, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,082 3.50%
ROME, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.00%
ALBANY, GA (FHA|USDA|VA) 1 $55,000 $55,000 $1,602 3.00%

Robins Financial's top markets include Warner Robins, Macon, Atlanta, Athens, and Dublin among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,396 $181,520,000 $130,029 $3,012 3.62%
VA 9 $1,775,000 $197,222 $6,021 2.43%

For the 2021 period, Robins Financial's most frequently originated loan type of loans were Conventional, with 1,396 originations. Their 2nd most popular type is VA, with 9 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 375 $17,645,000 $47,053 $0 4.36%
Home Purchase 358 $63,490,000 $177,346 $3,107 3.20%
Refi 330 $62,810,000 $190,333 $2,918 3.03%
Cash Out Refi 187 $31,685,000 $169,439 $3,134 3.19%
Other 154 $7,610,000 $49,416 $0 4.51%
NA 1 $55,000 $55,000 $0 4.00%

For the 2021, Robins Financial's most frequently cited loan purpose of loans were Home Improvement, with 375 originations. The 2nd most popular reason of loans were Home Purchase, with 358 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
15 Year 662 $51,950,000 $78,474 $2,933 3.56%
30 Year 505 $89,675,000 $177,574 $3,140 3.30%
10 Year 101 $14,395,000 $142,525 $2,410 4.93%
20 Year 85 $12,855,000 $151,235 $3,038 3.10%
5 Year 31 $845,000 $27,258 $0 5.59%
Other 21 $13,575,000 $646,429 $0 5.59%

For the 2021, Robins Financial's most frequently cited loan length of loans were 15 Year, with 662 originations. The 2nd most popular length of loans were 30 Year, with 505 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 413 $72,605,000 $175,799
$<1k 339 $32,845,000 $96,888
$2k-3k 78 $23,070,000 $295,769
$3k-4k 14 $5,850,000 $417,857
$5k+ 1 $1,545,000 $1,545,000

$3,140 of loans were Robins Financial's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 413 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 867 $115,325,000 $133,016
2.5-3% 319 $48,225,000 $151,176
<2.5% 102 $13,980,000 $137,059
6-7% 66 $2,590,000 $39,242
4-5% 22 $2,300,000 $104,545
5-6% 21 $585,000 $27,857
7-8% 8 $290,000 $36,250

During 2021, Robins Financial's average interest rate of loans were 3.30%, while their most frequently originated rate bucket of loans were 3-4%, with 867 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 720 $35,760,000 $49,667 $2,248 4.01%
$100k-200k 460 $66,550,000 $144,674 $2,847 3.22%
$200k-400k 210 $54,150,000 $257,857 $3,940 3.16%
$400k-600k 11 $4,845,000 $440,455 $6,859 2.93%
$1MM+ 4 $21,990,000 $5,497,500 $22,339 3.71%

2021 saw Robins Financial place emphasis on $100,000 or less loans with 720 originations, totaling $35,760,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 378 $39,870,000 $105,476 $2,751 3.55%
$100k-150k 325 $41,905,000 $128,938 $3,402 3.68%
$75k-100k 271 $30,625,000 $113,007 $3,039 3.63%
$50k or less 218 $18,310,000 $83,991 $2,464 3.44%
$150k-250k 178 $24,820,000 $139,438 $3,964 3.83%
$250k+ 26 $6,550,000 $251,923 $5,829 3.42%

Robins Financial lent most frequently to those with incomes in the $50k-75k range, with 378 originations. The second most popular income band? $100k-150k, with 325 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 462 $57,580,000 $124,632 $3,116 3.54%
30-36% 279 $31,315,000 $112,240 $2,969 3.66%
<20% 267 $27,995,000 $104,850 $2,823 3.48%
39% 45 $5,155,000 $114,556 $3,087 3.66%
41% 38 $5,810,000 $152,895 $3,899 3.78%
38% 37 $3,825,000 $103,378 $3,156 3.93%
37% 35 $3,615,000 $103,286 $2,697 3.83%
43% 31 $3,995,000 $128,871 $3,205 3.68%
36% 31 $2,705,000 $87,258 $3,314 4.03%
44% 30 $3,140,000 $104,667 $2,931 3.88%
42% 29 $4,025,000 $138,793 $3,208 3.38%
40% 24 $2,850,000 $118,750 $3,025 3.92%
46% 21 $2,815,000 $134,048 $3,162 3.32%
45% 19 $2,345,000 $123,421 $3,353 3.64%
47% 18 $1,990,000 $110,556 $2,800 3.45%
48% 15 $1,825,000 $121,667 $3,173 3.53%
49% 9 $975,000 $108,333 $3,258 3.93%
50-60% 4 $230,000 $57,500 $0 4.00%
>60% 3 $135,000 $45,000 $2,347 4.67%

Robins Financial lent most frequently to those with DTI ratios of 20-30%, with 462 originations. The next most common DTI ratio? 30-36%, with 279 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,018 $119,800,000 $117,682 $3,069 3.57%
Black 227 $23,265,000 $102,489 $2,790 3.66%
Not applicable 4 $20,520,000 $5,130,000 $0 4.18%
Not provided 131 $16,275,000 $124,237 $3,250 3.92%
Asian 24 $3,410,000 $142,083 $3,054 3.20%
American Indian 1 $25,000 $25,000 $0 4.00%

Approval Rates

Total approvals of all applications
82.87%

Robins Financial has a below average approval rate.

Pick Rate

Approvals leading to origination
85.85%

Robins Financial has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,405 $183,295,000 $130,459

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,405 $183,295,000 $130,459

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 198 $12,850,000 $64,899 $2,343 4.01%
40-60% 193 $21,985,000 $113,912 $2,869 3.24%
60-80% 365 $76,185,000 $208,726 $3,219 3.17%
80-100% 321 $59,845,000 $186,433 $2,985 3.23%
Over 100% 1 $405,000 $405,000 $15,788 2.38%
Under 20% 321 $11,135,000 $34,688 $2,341 4.50%