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 Home Improvement, Other, Refi, and Home Purchase loans. O Bee has an average proportion of conventional loans. Their top markets by origination volume include: Olympia, Seattle, Shelton, Centralia, and Bremerton among others. We have data for 19 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 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.88% | 12/16/24 |
| 30 Year Conventional Purchase | 6.49% | 12/16/24 |
| 30 Year Conventional Refi | 6.65% | 12/16/24 |
| 15 Year Conventional Purchase | 6.52% | 12/16/24 |
| 15 Year Conventional Refi | 5.57% | 12/16/24 |
| 15 Year Cash-out Refi | 5.57% | 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. | ||
O Bee Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,087Origination Dollar Volume (All Markets)
$195,545,000Top 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) | 521 | $84,695,000 | $162,562 | $2,181 | 4.44% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 410 | $83,850,000 | $204,512 | $5,590 | 4.55% |
| Shelton, WA (FHA|USDA|VA) | 25 | $5,215,000 | $208,600 | $4,910 | 4.43% |
| Centralia, WA (FHA|USDA|VA) | 33 | $4,345,000 | $131,667 | $1,509 | 4.45% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 19 | $3,775,000 | $198,684 | $6,950 | 4.57% |
| Aberdeen, WA (FHA|USDA|VA) | 27 | $3,575,000 | $132,407 | $1,335 | 4.50% |
| Outside of Metro Areas | 9 | $3,445,000 | $382,778 | $4,175 | 3.87% |
| Port Angeles, WA (FHA|USDA|VA) | 9 | $2,045,000 | $227,222 | $0 | 4.47% |
| BELLINGHAM, WA (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $0 | 5.95% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 5.83% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 6 | $650,000 | $108,333 | $2,232 | 5.06% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 7 | $545,000 | $77,857 | $3,420 | 4.91% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 6.08% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,253 | 7.00% |
| Ellensburg, WA (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 4.92% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 5.50% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,525 | 6.25% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.25% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.75% |
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 | 879 | $138,445,000 | $157,503 | n/a | 4.58% |
| Conventional | 208 | $57,100,000 | $274,519 | $3,029 | 4.22% |
For 2022, O Bee's most frequently originated type of loan was HELOC, with 879 originations. Their 2nd most popular type was Conventional, with 208 originations.
Loan Reason
For 2022, O Bee's most frequently cited loan purpose was Home Improvement, with 410 originations. The 2nd most popular reason was Other, with 328 originations.
Loan Duration/Length
For 2022, O Bee's most frequently cited loan duration was Other, with 889 originations. The 2nd most popular length was 15 Year, with 125 originations.
Origination Fees/Closing Costs
O Bee's average total fees were $7,081, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 113 originations.
Interest Rates
During 2022, O Bee's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 3-4%, with 272 originations.
Loan Sizing
2022 saw O Bee place emphasis on $100,000 or less loans with 362 originations, totaling $21,620,000 in origination value.
Applicant Income
O Bee lent most frequently to those with incomes in the $100k-150k range, with 309 originations. The second most popular income band? $150k-250k, with 286 originations.
Applicant Debt to Income Ratio
O Bee lent most frequently to those with DTI ratios of 30-36%, with 209 originations. The next most common DTI ratio? 20-30%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.69%
O Bee has an average approval rate.
Pick Rate
Approvals leading to origination84.82%
O Bee has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,087 | $195,545,000 | $179,894 |