Fbt Mortgage Rates, Fees & Info
Ocean Springs, MSLEI: 549300TG39MNZBTYXD82
Tax ID: 58-2642920
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Mortgage Data
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.
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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
880Origination Dollar Volume (All Markets)
$226,340,000Awards
FBT Mortgage - 2021
FBT Mortgage is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
2021 saw Fbt Mortgage place emphasis on $200k-400k loans with 379 originations, totaling $104,905,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications88.46%
Fbt Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination53.41%
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 |