Bartlett Mortgage Rates, Fees & Info

BARTLETT, TN

LEI: 549300CRSE0TY73U6X46

Tax ID: 62-1160688

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Bartlett Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Bartlett Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Memphis, Nashville, Jackson, Jackson, and Louisville among others. We have data for 27 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 an above average pick rate when compared to similar lenders. Bartlett Mortgage is typically a low 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.

    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% 12/16/24
    30 Year Conventional Refi 6.44% 12/16/24
    30 Year Cash-out Refi 6.81% 12/16/24
    30 Year FHA Purchase 6.96% 12/16/24
    30 Year FHA Refi 6.15% 12/16/24
    30 Year VA Purchase 6.10% 12/16/24
    30 Year USDA Purchase 6.48% 12/16/24
    15 Year Conventional Purchase 6.26% 12/16/24
    15 Year Conventional Refi 6.03% 12/16/24
    15 Year Cash-out Refi 6.03% 12/16/24
    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

    864

    Origination Dollar Volume (All Markets)

    $236,610,000
    Show all (7) awards

    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) 817 $224,045,000 $274,229 $4,252 2.81%
    Outside of Metro Areas 12 $2,480,000 $206,667 $2,987 2.89%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 6 $2,080,000 $346,667 $3,716 3.00%
    JACKSON, TN (FHA|USDA|VA) 3 $765,000 $255,000 $3,090 3.08%
    JACKSON, MS (FHA|USDA|VA) 2 $710,000 $355,000 $3,317 2.50%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $455,000 $455,000 $2,716 2.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $445,000 $445,000 $3,028 2.88%
    LUBBOCK, TX (FHA|USDA|VA) 1 $445,000 $445,000 $4,599 2.99%
    JONESBORO, AR (FHA|USDA|VA) 1 $415,000 $415,000 $3,408 2.13%
    Orangeburg, SC (FHA|USDA|VA) 1 $415,000 $415,000 $3,563 2.88%
    HOT SPRINGS, AR (FHA|USDA|VA) 2 $370,000 $185,000 $2,599 2.75%
    Oxford, MS (FHA|USDA|VA) 2 $370,000 $185,000 $3,928 3.00%
    RICHMOND, VA (FHA|USDA|VA) 1 $335,000 $335,000 $3,522 3.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,209 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,110 1.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $295,000 $295,000 $2,745 2.38%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $295,000 $295,000 $3,905 3.13%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $295,000 $295,000 $3,106 3.13%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $285,000 $285,000 $3,782 2.25%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $235,000 $235,000 $6,477 2.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $235,000 $235,000 $2,321 2.50%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $235,000 $235,000 $6,542 2.88%
    Morehead City, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,086 2.88%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $185,000 $185,000 $2,867 3.63%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $165,000 $165,000 $2,971 2.99%
    Columbus, MS (FHA|USDA|VA) 1 $145,000 $145,000 $4,498 2.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,524 2.75%
    Bartlett Mortgage's top markets include Memphis, Nashville, Jackson, Jackson, and Louisville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (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.

    Leaders Credit Union
    Similarity Rank: 1050
    BankPlus
    Similarity Rank: 1400
    Financial Federal Bank
    Similarity Rank: 1410
    Orion Federal Credit Union
    Similarity Rank: 1680
    First Citizens National Bank
    Similarity Rank: 1764
    The Bank of Fayette County
    Similarity Rank: 2560
    Strong Home Mortgage, LLC
    Similarity Rank: 3840
    Patriot Bank
    Similarity Rank: 4120
    BARTLETT MORTGAGE, INC.
    Similarity Rank: 4347
    ONY GLO, INC.
    Similarity Rank: 5371

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 674 $185,220,000 $274,807 $3,329 2.86%
    FHA 120 $30,000,000 $250,000 $7,580 2.68%
    VA 52 $17,430,000 $335,192 $7,403 2.54%
    USDA 18 $3,960,000 $220,000 $5,363 2.65%

    For 2021, Bartlett Mortgage's most frequently originated type of loan was Conventional, with 674 originations. Their 2nd most popular type was FHA, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 556 $160,330,000 $288,363 $4,898 2.87%
    Refi 246 $61,530,000 $250,122 $2,919 2.67%
    Cash Out Refi 61 $14,675,000 $240,574 $3,133 2.86%
    Other 1 $75,000 $75,000 $2,477 2.50%

    For 2021, Bartlett Mortgage's most frequently cited loan purpose was Home Purchase, with 556 originations. The 2nd most popular reason was Refi, with 246 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 721 $200,105,000 $277,538 $4,453 2.87%
    15 Year 108 $26,600,000 $246,296 $2,957 2.43%
    20 Year 30 $7,930,000 $264,333 $2,809 2.80%
    10 Year 4 $820,000 $205,000 $3,563 2.13%
    Other 1 $1,155,000 $1,155,000 $6,306 3.75%

    For 2021, Bartlett Mortgage's most frequently cited loan duration was 30 Year, with 721 originations. The 2nd most popular length was 15 Year, with 108 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 810 $222,100,000 $274,198
    $1k-2k 44 $11,940,000 $271,364
    $2k-3k 7 $1,645,000 $235,000
    $3k-4k 1 $265,000 $265,000
    $4k-5k 1 $325,000 $325,000
    $5k+ 1 $335,000 $335,000

    Bartlett Mortgage's average total fees were $4,453, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 810 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 472 $130,730,000 $276,970
    <2.5% 206 $57,400,000 $278,641
    3-4% 183 $48,255,000 $263,689
    4-5% 3 $225,000 $75,000

    During 2021, Bartlett Mortgage's average interest rate for loans was 2.87%, while their most frequently originated rate bucket for loans was 2.5-3%, with 472 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 498 $143,190,000 $287,530 $4,521 2.78%
    $100k-200k 209 $33,315,000 $159,402 $3,291 2.84%
    $400k-600k 117 $55,795,000 $476,880 $4,915 2.78%
    $100,000 or less 39 $3,155,000 $80,897 $2,927 3.02%
    $1MM+ 1 $1,155,000 $1,155,000 $6,306 3.75%

    2021 saw Bartlett Mortgage place emphasis on $200k-400k loans with 498 originations, totaling $143,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 211 $65,275,000 $309,360 $4,119 2.83%
    $50k-75k 204 $46,770,000 $229,265 $4,497 2.83%
    $75k-100k 174 $47,790,000 $274,655 $4,645 2.80%
    $150k-250k 131 $42,715,000 $326,069 $3,782 2.76%
    $50k or less 102 $17,970,000 $176,176 $3,890 2.83%
    $250k+ 37 $14,545,000 $393,108 $3,607 2.79%

    Bartlett Mortgage lent most frequently to those with incomes in the $100k-150k range, with 211 originations. The second most popular income band? $50k-75k, with 204 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 217 $59,305,000 $273,295 $3,700 2.79%
    30-36% 175 $49,175,000 $281,000 $4,300 2.83%
    <20% 102 $24,350,000 $238,725 $3,137 2.75%
    38% 48 $11,950,000 $248,958 $4,568 2.81%
    37% 33 $8,675,000 $262,879 $4,470 2.87%
    39% 32 $9,790,000 $305,938 $5,286 2.91%
    42% 30 $9,130,000 $304,333 $4,836 2.95%
    40% 28 $8,100,000 $289,286 $4,364 2.99%
    41% 28 $7,840,000 $280,000 $4,573 2.88%
    43% 28 $7,580,000 $270,714 $5,004 2.72%
    36% 22 $6,350,000 $288,636 $3,709 2.82%
    45% 22 $6,390,000 $290,455 $4,916 2.86%
    44% 20 $5,900,000 $295,000 $4,983 2.80%
    46% 18 $4,940,000 $274,444 $4,444 2.74%
    49% 17 $5,115,000 $300,882 $5,262 2.76%
    47% 15 $3,625,000 $241,667 $5,204 2.80%
    50-60% 13 $3,665,000 $281,923 $7,284 2.63%
    48% 7 $2,465,000 $352,143 $4,479 2.68%
    >60% 2 $380,000 $190,000 $2,987 2.69%

    Bartlett Mortgage lent most frequently to those with DTI ratios of 20-30%, with 217 originations. The next most common DTI ratio? 30-36%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 472 $121,750,000 $257,945 $3,976 2.82%
    Black 178 $49,760,000 $279,551 $5,292 2.86%
    Asian 150 $47,280,000 $315,200 $3,786 2.77%
    Not provided 42 $10,340,000 $246,190 $4,140 2.73%
    Asian Indian 12 $4,360,000 $363,333 $3,509 2.51%
    Other Asian 6 $2,410,000 $401,667 $3,490 2.73%
    American Indian 3 $575,000 $191,667 $2,933 3.04%
    Native Hawaiian or Islander 1 $135,000 $135,000 $2,734 2.75%

    Approval Rates

    Total approvals of all applications
    97.42%

    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
    92.94%

    Bartlett Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 864 $236,610,000 $273,854

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    864 $236,610,000 $273,854

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $3,245,000 $141,087 $2,578 2.62%
    40-60% 86 $17,680,000 $205,581 $2,958 2.71%
    60-80% 291 $81,395,000 $279,708 $3,176 2.80%
    80-100% 441 $126,645,000 $287,177 $4,828 2.86%
    Over 100% 18 $6,700,000 $372,222 $14,207 2.60%