Fbt Mortgage Rates, Fees & Info

Ocean Springs, MS

LEI: 549300TG39MNZBTYXD82

Tax ID: 58-2642920

5 stars - out of 5 stars, based on 30 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Fbt Mortgage is a smaller mortgage company specializing in loans. Fbt 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: New Orleans, Crestview, Baton Rouge, Hammond, and Panama City among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fbt Mortgage 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. Fbt 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 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 6.58% 1/29/23
    30 Year Conventional Refi 6.49% 1/29/23
    30 Year Cash-out Refi 6.73% 1/29/23
    30 Year FHA Purchase 7.18% 1/29/23
    30 Year FHA Refi 6.96% 1/29/23
    30 Year VA Purchase 6.24% 1/29/23
    30 Year VA Refi 5.78% 1/29/23
    30 Year USDA Purchase 6.50% 1/29/23
    30 Year USDA Refi 6.41% 1/29/23
    15 Year Conventional Purchase 5.99% 1/29/23
    15 Year Conventional Refi 5.89% 1/29/23
    15 Year Cash-out Refi 5.89% 1/29/23
    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.


    Originations

    880

    Origination Dollar Volume (All Markets)

    $226,340,000
    Show all (9) awards

    Relative Rate

    Fbt Mortgage's average 30 year fixed mortgage rate was 3%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.15%.

    Relative Fees (Closing Costs)

    Fbt Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $5,229.

    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 $4,750.

    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
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 444 $103,290,000 $232,635 $5,428 3.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 80 $32,720,000 $409,000 $5,698 3.17%
    BATON ROUGE, LA (FHA|USDA|VA) 80 $22,570,000 $282,125 $5,466 3.18%
    HAMMOND, LA (FHA|USDA|VA) 87 $18,665,000 $214,540 $5,351 3.17%
    PANAMA CITY, FL (FHA|USDA|VA) 42 $11,770,000 $280,238 $4,278 3.06%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 43 $9,065,000 $210,814 $5,104 3.22%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 32 $7,570,000 $236,563 $5,284 2.40%
    Outside of Metro Areas 10 $3,080,000 $308,000 $4,640 3.21%
    LAFAYETTE, LA (FHA|USDA|VA) 5 $1,755,000 $351,000 $6,404 3.40%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 7 $1,675,000 $239,286 $3,702 2.63%
    Minden, LA (FHA|USDA|VA) 4 $1,140,000 $285,000 $4,890 2.44%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $985,000 $328,333 $4,017 3.08%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $970,000 $485,000 $4,839 2.81%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $880,000 $440,000 $5,702 3.06%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $580,000 $290,000 $3,508 2.75%
    Natchitoches, LA (FHA|USDA|VA) 2 $550,000 $275,000 $5,652 3.94%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $545,000 $545,000 $3,814 2.75%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $535,000 $535,000 $3,554 2.75%
    JACKSON, MS (FHA|USDA|VA) 1 $525,000 $525,000 $8,362 5.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $525,000 $175,000 $3,652 3.08%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $505,000 $505,000 $2,498 3.50%
    Picayune, MS (FHA|USDA|VA) 3 $415,000 $138,333 $3,433 3.25%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $395,000 $395,000 $7,501 2.75%
    Natchez, MS-LA (FHA|USDA|VA) 1 $375,000 $375,000 $7,249 3.63%
    TUCSON, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $11,582 3.13%
    OCALA, FL (FHA|USDA|VA) 1 $325,000 $325,000 $12,137 3.88%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $320,000 $160,000 $3,849 3.06%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,430 3.63%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $315,000 $315,000 $6,777 3.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $3,434 3.25%
    Starkville, MS (FHA|USDA|VA) 1 $285,000 $285,000 $3,797 2.50%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $280,000 $140,000 $3,556 3.06%
    MOBILE, AL (FHA|USDA|VA) 1 $265,000 $265,000 $9,340 2.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $2,945 3.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,156 3.13%
    Brevard, NC (FHA|USDA|VA) 1 $245,000 $245,000 $2,343 2.38%
    Jefferson, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,478 3.75%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,941 3.13%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $215,000 $215,000 $3,886 3.75%
    Tupelo, MS (FHA|USDA|VA) 1 $215,000 $215,000 $10,020 2.75%
    MONROE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $3,654 2.63%
    McComb, MS (FHA|USDA|VA) 1 $195,000 $195,000 $6,340 3.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,479 2.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,784 2.25%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,232 2.63%
    Fbt Mortgage's top markets include New Orleans, Crestview, Baton Rouge, Hammond, and Panama City among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

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

    Bossier Federal Credit Union
    Similarity Rank: 68
    Eureka Homestead
    Similarity Rank: 204
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 220
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 248
    Neighbors Federal Credit Union
    Similarity Rank: 320
    Eglin Federal Credit Union
    Similarity Rank: 340
    NAVIGATOR CU
    Similarity Rank: 348
    GREATER NEW ORLEANS
    Similarity Rank: 543
    Pen Air Federal Credit Union
    Similarity Rank: 736

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 626 $174,160,000 $278,211 $4,692 3.16%
    FHA 156 $29,830,000 $191,218 $7,168 2.80%
    USDA 61 $11,225,000 $184,016 $5,461 2.68%
    VA 37 $11,125,000 $300,676 $8,010 2.68%

    For 2021, Fbt Mortgage's most frequently originated type of loan was Conventional, with 626 originations. Their 2nd most popular type was FHA, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 578 $148,400,000 $256,747 $5,840 3.08%
    Refi 164 $44,450,000 $271,037 $4,251 2.84%
    Cash Out Refi 138 $33,490,000 $242,681 $4,438 3.11%

    For 2021, Fbt Mortgage's most frequently cited loan purpose was Home Purchase, with 578 originations. The 2nd most popular reason was Refi, with 164 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 738 $183,110,000 $248,117 $5,229 3.00%
    15 Year 60 $14,080,000 $234,667 $3,728 2.52%
    30+ year 59 $24,105,000 $408,559 $8,781 4.26%
    20 Year 17 $3,795,000 $223,235 $3,532 2.74%
    Other 4 $1,130,000 $282,500 $4,546 2.88%
    10 Year 2 $120,000 $60,000 $2,920 2.88%

    For 2021, Fbt Mortgage's most frequently cited loan duration was 30 Year, with 738 originations. The 2nd most popular length was 15 Year, with 60 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 599 $133,685,000 $223,180
    $<1k 111 $36,335,000 $327,342
    $2k-3k 78 $19,890,000 $255,000
    $3k-4k 50 $16,800,000 $336,000
    $5k+ 22 $10,840,000 $492,727
    $4k-5k 20 $8,790,000 $439,500

    Fbt Mortgage's average total fees were $5,229, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 599 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 383 $93,075,000 $243,016
    3-4% 277 $73,075,000 $263,809
    <2.5% 154 $36,550,000 $237,338
    4-5% 64 $22,370,000 $349,531
    5-6% 2 $1,270,000 $635,000

    During 2021, Fbt Mortgage's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 383 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 379 $104,905,000 $276,794 $5,639 3.01%
    $100k-200k 345 $53,355,000 $154,652 $4,645 2.98%
    $400k-600k 104 $49,520,000 $476,154 $6,358 3.21%
    $100,000 or less 33 $2,485,000 $75,303 $3,319 3.11%
    $600k-1MM 14 $10,280,000 $734,286 $8,237 3.60%
    $1MM+ 5 $5,795,000 $1,159,000 $11,806 3.98%

    2021 saw Fbt Mortgage place emphasis on $200k-400k loans with 379 originations, totaling $104,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 198 $41,430,000 $209,242 $5,436 2.95%
    $100k-150k 172 $48,780,000 $283,605 $5,435 3.16%
    $50k or less 168 $26,160,000 $155,714 $5,178 2.90%
    $150k-250k 137 $46,045,000 $336,095 $4,985 3.15%
    $75k-100k 137 $34,245,000 $249,964 $5,176 3.02%
    $250k+ 58 $27,490,000 $473,966 $6,499 3.34%

    Fbt Mortgage lent most frequently to those with incomes in the $50k-75k range, with 198 originations. The second most popular income band? $100k-150k, with 172 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 171 $45,075,000 $263,596 $4,755 3.00%
    30-36% 160 $38,320,000 $239,500 $5,008 3.02%
    50-60% 57 $11,995,000 $210,439 $7,413 2.87%
    <20% 53 $14,325,000 $270,283 $4,575 3.02%
    42% 47 $12,615,000 $268,404 $5,924 3.17%
    43% 40 $10,170,000 $254,250 $5,409 3.22%
    46% 39 $10,645,000 $272,949 $6,039 3.08%
    37% 35 $10,275,000 $293,571 $5,352 3.02%
    41% 35 $10,335,000 $295,286 $5,492 3.08%
    44% 32 $8,140,000 $254,375 $4,868 3.07%
    40% 32 $7,960,000 $248,750 $5,552 3.15%
    49% 32 $9,010,000 $281,563 $5,664 3.00%
    38% 29 $6,635,000 $228,793 $4,942 3.19%
    39% 27 $7,585,000 $280,926 $5,010 2.93%
    45% 24 $6,500,000 $270,833 $6,270 3.06%
    36% 23 $5,595,000 $243,261 $6,081 3.13%
    47% 20 $5,210,000 $260,500 $5,127 3.11%
    48% 16 $3,740,000 $233,750 $5,190 3.24%

    Fbt Mortgage lent most frequently to those with DTI ratios of 20-30%, with 171 originations. The next most common DTI ratio? 30-36%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 627 $162,765,000 $259,593 $5,120 3.03%
    Not provided 99 $30,485,000 $307,929 $5,213 3.14%
    Black 135 $28,945,000 $214,407 $6,360 3.03%
    Asian 13 $3,075,000 $236,538 $5,400 2.88%
    American Indian 5 $915,000 $183,000 $5,145 3.03%
    Native Hawaiian or Islander 1 $155,000 $155,000 $4,022 4.00%

    Approval Rates

    Total approvals of all applications
    88.46%

    Fbt Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    53.41%

    Fbt 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 880 $226,340,000 $257,205

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    880 $226,340,000 $257,205

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $6,450,000 $201,563 $3,634 2.83%
    40-60% 99 $25,185,000 $254,394 $4,228 3.01%
    60-80% 276 $78,570,000 $284,674 $4,695 3.20%
    80-100% 454 $111,630,000 $245,881 $5,906 2.99%
    Over 100% 13 $3,485,000 $268,077 $11,491 2.59%
    Under 20% 6 $1,020,000 $170,000 $3,915 2.90%