O Bee Mortgage Rates, Fees & Info
TUMWATER, WALEI: 549300ML3H1LUVR1FP75
Tax ID: 91-0639210
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Mortgage Data
Review & Overview
O Bee is a smaller mortgage company specializing in Other, Home Improvement, and Home Purchase loans. O Bee has an average proportion of conventional loans. Their top markets by origination volume include: Olympia, Seattle, Aberdeen, Centralia, and Shelton among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)O Bee has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. O Bee 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.45% | 4/5/25 |
| 30 Year Conventional Purchase | 6.48% | 4/5/25 |
| 30 Year Conventional Refi | 6.86% | 4/5/25 |
| 30 Year Cash-out Refi | 6.66% | 4/5/25 |
| 30 Year FHA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.87% | 4/5/25 |
| 15 Year Conventional Refi | 8.59% | 4/5/25 |
| 15 Year Cash-out Refi | 8.59% | 4/5/25 |
| 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. | ||
O Bee Mortgage Calculator
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This is not an official calculator from O Bee. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
525Origination Dollar Volume (All Markets)
$94,145,000Relative Rate
O Bee's average 30 year fixed mortgage rate was
7.14%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.59%.
Relative Fees (Closing Costs)
O Bee's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,036.
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 $8,356.
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 |
|---|---|---|---|---|---|
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 291 | $46,585,000 | $160,086 | $5,767 | 8.66% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 150 | $32,410,000 | $216,067 | $6,088 | 8.69% |
| Aberdeen, WA (FHA|USDA|VA) | 17 | $3,115,000 | $183,235 | $6,336 | 8.47% |
| Centralia, WA (FHA|USDA|VA) | 24 | $3,090,000 | $128,750 | $2,959 | 8.65% |
| Shelton, WA (FHA|USDA|VA) | 14 | $2,550,000 | $182,143 | $0 | 8.93% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $7,960 | 8.31% |
| Port Angeles, WA (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $4,553 | 7.85% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $11,452 | 8.00% |
| Outside of Metro Areas | 2 | $430,000 | $215,000 | $0 | 8.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,145 | 7.69% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 8.75% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 9.08% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 8.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.75% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.25% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,399 | 6.63% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,153 | 8.25% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against O BEE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 449 | $69,115,000 | $153,931 | n/a | 8.87% |
| Conventional | 76 | $25,030,000 | $329,342 | $5,573 | 7.36% |
For 2024, O Bee's most frequently originated type of loan was HELOC, with 449 originations. Their 2nd most popular type was Conventional, with 76 originations.
Loan Reason
For 2024, O Bee's most frequently cited loan purpose was Other, with 185 originations. The 2nd most popular reason was Home Improvement, with 181 originations.
Loan Duration/Length
For 2024, O Bee's most frequently cited loan duration was Other, with 463 originations. The 2nd most popular length was 30 Year, with 55 originations.
Origination Fees/Closing Costs
O Bee's average total fees were $7,036, while their most frequently occuring range of origination fees (closing costs) were in the $4k-5k bucket, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 462 | $70,570,000 | $152,749 |
| 7-8% | 37 | $13,115,000 | $354,459 |
| 6-7% | 26 | $10,460,000 | $402,308 |
During 2024, O Bee's average interest rate for loans was 7.14%, while their most frequently originated rate bucket for loans was Over 8%, with 462 originations.
Loan Sizing
2024 saw O Bee place emphasis on $100,000 or less loans with 182 originations, totaling $10,630,000 in origination value.
Applicant Income
O Bee lent most frequently to those with incomes in the $150k-250k range, with 157 originations. The second most popular income band? $100k-150k, with 144 originations.
Applicant Debt to Income Ratio
O Bee lent most frequently to those with DTI ratios of 30-36%, with 76 originations. The next most common DTI ratio? 50-60%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.95%
O Bee has an average approval rate.
Pick Rate
Approvals leading to origination73.33%
O Bee has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 525 | $94,145,000 | $179,324 |