Dybn Financial Corp. Mortgage Rates, Fees & Info

Indian Hbr Bch, FL

LEI: 549300GT860C7IVCPZ04

Tax ID: 11-3647435

4.2 stars - out of 5 stars, based on 24 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Dybn Financial Corp. is a smaller mortgage company specializing in Home Purchase and Refi loans. Dybn Financial Corp. has a high proportion of conventional loans. Their top markets include Palm Bay, Orlando, Deltona, Jacksonville, and Miami among others. Dybn Financial Corp. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Dybn Financial Corp. is typically an average fee lendor.


Originations

563

Origination Dollar Volume (All Markets)

$178,025,000

Relative Rate

Dybn Financial Corp.'s average 30 year fixed rate mortgage of loans were 3.07%.

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

This yields a difference of -0.08%.

Relative Fees

Dybn Financial Corp.'s average total fees for a 30 year fixed rate mortgage are $5,799.

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
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 523 $164,935,000 $315,363 $5,729 3.04%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $2,710,000 $338,750 $5,151 3.11%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $2,465,000 $352,143 $5,071 3.25%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $2,160,000 $360,000 $4,203 3.15%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $2,120,000 $353,333 $4,762 3.02%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $1,200,000 $300,000 $5,389 3.03%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $455,000 $455,000 $0 2.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $435,000 $435,000 $3,881 2.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $360,000 $180,000 $4,257 3.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $335,000 $335,000 $2,842 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $295,000 $295,000 $10,159 2.75%
Outside of Metro Areas 1 $275,000 $275,000 $4,646 3.38%
OCALA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,456 2.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,131 3.25%

Dybn Financial Corp.'s top markets include Palm Bay, Orlando, Deltona, Jacksonville, and Miami among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 391 $114,485,000 $292,801 $4,521 3.15%
VA 172 $63,540,000 $369,419 $8,259 2.80%

For the 2021 period, Dybn Financial Corp.'s most frequently originated loan type of loans were Conventional, with 391 originations. Their 2nd most popular type is VA, with 172 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 398 $131,460,000 $330,302 $6,344 3.06%
Refi 164 $46,440,000 $283,171 $4,026 2.99%
Cash Out Refi 1 $125,000 $125,000 $2,976 3.38%

For the 2021, Dybn Financial Corp.'s most frequently cited loan purpose of loans were Home Purchase, with 398 originations. The 2nd most popular reason of loans were Refi, with 164 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 518 $166,110,000 $320,676 $5,799 3.07%
15 Year 37 $9,755,000 $263,649 $4,193 2.71%
20 Year 8 $2,160,000 $270,000 $3,502 2.77%

For the 2021, Dybn Financial Corp.'s most frequently cited loan length of loans were 30 Year, with 518 originations. The 2nd most popular length of loans were 15 Year, with 37 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 441 $137,965,000 $312,846
$3k-4k 44 $12,720,000 $289,091
$5k+ 32 $12,670,000 $395,938
$2k-3k 29 $9,485,000 $327,069
$<1k 17 $5,185,000 $305,000

$5,799 of loans were Dybn Financial Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 441 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 258 $76,580,000 $296,822
2.5-3% 236 $77,460,000 $328,220
<2.5% 62 $22,100,000 $356,452
4-5% 7 $1,885,000 $269,286

During 2021, Dybn Financial Corp.'s average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 3-4%, with 258 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 327 $94,635,000 $289,404 $5,489 3.06%
$400k-600k 120 $56,720,000 $472,667 $6,591 2.99%
$100k-200k 102 $16,320,000 $160,000 $3,540 3.12%
$600k-1MM 11 $7,975,000 $725,000 $18,994 2.66%
$1MM+ 2 $2,290,000 $1,145,000 $14,485 2.63%
$100,000 or less 1 $85,000 $85,000 $2,934 3.00%

2021 saw Dybn Financial Corp. place emphasis on $200k-400k loans with 327 originations, totaling $94,635,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 163 $56,545,000 $346,902 $5,647 3.03%
$150k-250k 115 $43,385,000 $377,261 $6,080 3.07%
$75k-100k 106 $30,350,000 $286,321 $5,634 3.05%
$50k-75k 97 $22,965,000 $236,753 $5,767 3.12%
$50k or less 41 $7,575,000 $184,756 $4,850 3.07%
$250k+ 23 $11,485,000 $499,348 $6,944 3.05%

Dybn Financial Corp. lent most frequently to those with incomes in the $100k-150k range, with 163 originations. The second most popular income band? $150k-250k, with 115 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 140 $44,550,000 $318,214 $5,437 2.98%
30-36% 104 $32,450,000 $312,019 $6,241 3.07%
<20% 44 $12,290,000 $279,318 $4,348 3.09%
36% 25 $8,585,000 $343,400 $5,521 3.17%
42% 22 $6,220,000 $282,727 $5,940 3.03%
37% 22 $7,480,000 $340,000 $5,042 3.05%
39% 21 $6,055,000 $288,333 $5,693 3.10%
38% 19 $6,755,000 $355,526 $6,614 3.01%
50-60% 18 $6,840,000 $380,000 $7,141 2.93%
49% 18 $5,590,000 $310,556 $6,622 3.36%
41% 17 $6,305,000 $370,882 $6,059 3.15%
48% 17 $5,235,000 $307,941 $5,629 3.15%
46% 16 $4,720,000 $295,000 $5,447 2.94%
43% 15 $4,725,000 $315,000 $4,930 3.11%
40% 15 $3,895,000 $259,667 $5,841 3.32%
44% 14 $4,300,000 $307,143 $6,015 3.13%
45% 9 $3,615,000 $401,667 $6,056 3.14%
47% 8 $2,510,000 $313,750 $8,983 2.84%

Dybn Financial Corp. lent most frequently to those with DTI ratios of 20-30%, with 140 originations. The next most common DTI ratio? 30-36%, with 104 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 522 $165,200,000 $316,475 $5,604 3.05%
Black 17 $5,745,000 $337,941 $7,196 2.96%
Asian 16 $4,840,000 $302,500 $6,757 3.02%
American Indian 5 $1,385,000 $277,000 $4,004 2.85%
Not provided 2 $570,000 $285,000 $3,953 2.88%
Native Hawaiian 1 $285,000 $285,000 $4,510 4.38%

Approval Rates

Total approvals of all applications
96.19%

Dybn Financial Corp. 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
70.03%

Dybn Financial Corp. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 563 $178,025,000 $316,208

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
563 $178,025,000 $316,208

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 12 $2,430,000 $202,500 $3,897 2.90%
40-60% 59 $13,105,000 $222,119 $3,823 2.99%
60-80% 190 $56,300,000 $296,316 $4,604 3.16%
80-100% 252 $88,740,000 $352,143 $5,934 3.04%
Over 100% 30 $11,480,000 $382,667 $16,101 2.88%
Under 20% 2 $250,000 $125,000 $3,825 3.06%