Bartlett Mortgage Rates, Fees & Info

BARTLETT, TN

LEI: 549300CRSE0TY73U6X46

Tax ID: 62-1160688

5 stars - Updated: 10/13/24 - out of 5 stars, based on 15 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Bartlett Mortgage is a smaller mortgage company specializing in Home Purchase loans. Bartlett Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Memphis, Little Rock, Milledgeville, Dallas, and Evanston among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bartlett Mortgage 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. Bartlett Mortgage 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 relatively high 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 6.74% 10/13/24
30 Year Conventional Refi 6.44% 10/13/24
30 Year Cash-out Refi 6.81% 10/13/24
30 Year FHA Purchase 6.96% 10/13/24
30 Year FHA Refi 6.15% 10/13/24
30 Year VA Purchase 6.10% 10/13/24
30 Year USDA Purchase 6.48% 10/13/24
15 Year Conventional Purchase 6.26% 10/13/24
15 Year Conventional Refi 6.03% 10/13/24
15 Year Cash-out Refi 6.03% 10/13/24
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.

Bartlett Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bartlett Mortgage. 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

218

Origination Dollar Volume (All Markets)

$71,120,000

Awards

BARTLETT MORTGAGE VA Loans bronze BARTLETT MORTGAGE FHA Loans bronze
Show all (2) awards

Relative Rate

Bartlett Mortgage's average 30 year fixed mortgage rate was 6.61%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.13%.

Relative Fees (Closing Costs)

Bartlett Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $7,398.

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 $9,089.

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
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 200 $65,490,000 $327,450 $7,587 6.56%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $1,240,000 $310,000 $7,651 6.66%
Milledgeville, GA (FHA|USDA|VA) 1 $725,000 $725,000 $4,621 7.99%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $655,000 $655,000 $6,086 7.63%
Outside of Metro Areas 3 $455,000 $151,667 $3,689 6.79%
Evanston, WY (FHA|USDA|VA) 1 $425,000 $425,000 $3,574 7.38%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $6,113 7.50%
JACKSON, TN (FHA|USDA|VA) 2 $350,000 $175,000 $3,515 7.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $335,000 $335,000 $2,613 8.00%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $325,000 $325,000 $8,448 6.13%
Russellville, AR (FHA|USDA|VA) 1 $295,000 $295,000 $4,187 6.88%
Enterprise, AL (FHA|USDA|VA) 1 $295,000 $295,000 $3,168 6.88%
Blytheville, AR (FHA|USDA|VA) 1 $175,000 $175,000 $5,520 7.75%
Bartlett Mortgage's top markets include Memphis, Little Rock, Milledgeville, Dallas, and Evanston among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against BARTLETT MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Citizens National Bank
    Similarity Rank: 288
    Orion Federal Credit Union
    Similarity Rank: 420
    Financial Federal Bank
    Similarity Rank: 598
    Leaders Credit Union
    Similarity Rank: 1316
    Patriot Bank
    Similarity Rank: 1554
    BARTLETT MORTGAGE, INC.
    Similarity Rank: 1911
    AmeriHome Mortgage Company, LLC
    Similarity Rank: 2196
    Independent Bank
    Similarity Rank: 2640
    DHI MORTGAGE COMPANY, LTD.
    Similarity Rank: 2951
    Community Bank of Mississippi
    Similarity Rank: 3276

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $35,990,000 $339,528 $4,875 6.98%
    FHA 98 $30,040,000 $306,531 $10,191 6.27%
    VA 12 $4,780,000 $398,333 $7,465 6.15%
    USDA 2 $310,000 $155,000 $5,282 6.06%

    For 2023, Bartlett Mortgage's most frequently originated type of loan was Conventional, with 106 originations. Their 2nd most popular type was FHA, with 98 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 214 $69,230,000 $323,505 $7,460 6.60%
    Refi 4 $1,890,000 $472,500 $3,434 6.88%

    For 2023, Bartlett Mortgage's most frequently cited loan purpose was Home Purchase, with 214 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 217 $70,685,000 $325,737 $7,398 6.61%
    15 Year 1 $435,000 $435,000 $4,629 5.25%

    For 2023, Bartlett Mortgage's most frequently cited loan duration was 30 Year, with 217 originations. The 2nd most popular length was 15 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 109 $32,325,000 $296,560
    $<1k 67 $22,695,000 $338,731
    $2k-3k 26 $9,560,000 $367,692
    $5k+ 7 $2,985,000 $426,429
    $3k-4k 6 $2,520,000 $420,000
    $4k-5k 3 $1,035,000 $345,000

    Bartlett Mortgage's average total fees were $7,398, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 109 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 109 $35,535,000 $326,009
    7-8% 52 $18,640,000 $358,462
    5-6% 50 $15,290,000 $305,800
    Over 8% 6 $1,300,000 $216,667
    4-5% 1 $355,000 $355,000

    During 2023, Bartlett Mortgage's average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 124 $37,000,000 $298,387 $7,640 6.63%
    $400k-600k 47 $22,415,000 $476,915 $8,961 6.49%
    $100k-200k 28 $4,380,000 $156,429 $5,319 6.53%
    $600k-1MM 10 $6,540,000 $654,000 $5,271 7.04%
    $100,000 or less 9 $785,000 $87,222 $3,800 6.68%

    2023 saw Bartlett Mortgage place emphasis on $200k-400k loans with 124 originations, totaling $37,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 60 $21,860,000 $364,333 $8,884 6.62%
    $75k-100k 47 $12,595,000 $267,979 $6,689 6.64%
    $50k-75k 42 $10,040,000 $239,048 $7,465 6.49%
    $150k-250k 41 $16,955,000 $413,537 $6,567 6.75%
    $250k+ 14 $7,170,000 $512,143 $7,279 6.71%
    $50k or less 14 $2,500,000 $178,571 $5,434 6.30%

    Bartlett Mortgage lent most frequently to those with incomes in the $100k-150k range, with 60 originations. The second most popular income band? $75k-100k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 43 $15,185,000 $353,140 $7,145 6.55%
    20-30% 35 $9,465,000 $270,429 $5,696 6.69%
    50-60% 18 $5,650,000 $313,889 $9,358 6.57%
    49% 14 $4,700,000 $335,714 $8,239 6.87%
    45% 9 $3,345,000 $371,667 $6,733 6.86%
    43% 9 $3,465,000 $385,000 $9,607 6.42%
    37% 9 $2,735,000 $303,889 $8,913 6.15%
    46% 9 $3,225,000 $358,333 $8,670 6.62%
    42% 8 $2,680,000 $335,000 $5,959 6.72%
    38% 8 $2,450,000 $306,250 $7,700 6.38%
    39% 8 $2,190,000 $273,750 $8,292 6.33%
    40% 8 $2,880,000 $360,000 $7,298 6.51%
    41% 8 $2,480,000 $310,000 $8,167 6.63%
    <20% 8 $2,120,000 $265,000 $6,122 6.73%
    48% 8 $2,890,000 $361,250 $7,146 6.83%
    44% 6 $2,370,000 $395,000 $6,707 6.83%
    36% 5 $1,685,000 $337,000 $7,566 6.47%
    47% 4 $1,400,000 $350,000 $6,827 6.72%

    Bartlett Mortgage lent most frequently to those with DTI ratios of 30-36%, with 43 originations. The next most common DTI ratio? 20-30%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 97 $30,195,000 $311,289 $6,249 6.69%
    Black 54 $18,050,000 $334,259 $8,471 6.54%
    Asian 46 $16,850,000 $366,304 $7,763 6.61%
    Not provided 14 $4,070,000 $290,714 $9,846 6.23%
    American Indian 3 $615,000 $205,000 $7,717 6.63%
    Korean 1 $365,000 $365,000 $5,814 6.38%
    Other Asian 1 $345,000 $345,000 $10,645 6.13%
    Asian Indian 1 $345,000 $345,000 $4,180 7.38%
    Filipino 1 $285,000 $285,000 $9,834 6.50%

    Approval Rates

    Total approvals of all applications
    98.41%

    Bartlett Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    64.22%

    Bartlett Mortgage 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 218 $71,120,000 $326,239

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    218 $71,120,000 $326,239

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,370,000 $171,250 $3,592 6.59%
    40-60% 8 $1,710,000 $213,750 $3,638 6.97%
    60-80% 44 $15,660,000 $355,909 $5,883 6.84%
    80-100% 153 $50,635,000 $330,948 $8,121 6.53%
    Over 100% 5 $1,745,000 $349,000 $10,456 6.43%