Robins Financial Mortgage Rates, Fees & Info
Warner Robins, GALEI: 549300AUL77A8UKADB04
Tax ID: 58-0641605
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,405Origination Dollar Volume (All Markets)
$183,295,000Awards
ROBINS FINANCIAL - 2021
ROBINS FINANCIAL is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications82.87%
Robins Financial has a below average approval rate.
Pick Rate
Approvals leading to origination85.85%
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% |
