Fbt Mortgage Rates, Fees & Info
Ocean Springs, MSLEI: 549300TG39MNZBTYXD82
Tax ID: 58-2642920
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Mortgage Data
Overview
Fbt Mortgage is a smaller mortgage company specializing in Home Purchase 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 include New Orleans, Crestview, Baton Rouge, Hammond, and Panama City among others. Fbt Mortgage 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. Fbt Mortgage is typically an average fee lendor.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 rate mortgage of loans were
3%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.15%.
Relative Fees
Fbt Mortgage 's average total fees for a 30 year fixed rate
mortgage are $5,229.
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 |
|---|---|---|---|---|---|
| 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.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021 period, Fbt Mortgage 's most frequently originated loan type of loans were Conventional, with 626 originations. Their 2nd most popular type is FHA, with 156 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average 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 the 2021, Fbt Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 578 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 | 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 the 2021, Fbt Mortgage 's most frequently cited loan length of loans were 30 Year, with 738 originations. The 2nd most popular length of loans were 15 Year, with 60 originations.
Origination Fees
| Origination Fee | 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 | 70 | $25,590,000 | $365,571 |
| $5k+ | 22 | $10,840,000 | $492,727 |
$5,229 of loans were Fbt Mortgage 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.00%, while their most frequently originated rate bucket of loans were 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 | 1 | $155,000 | $155,000 | $4,022 | 4.00% |
Approval Rates
Total approvals of all applications92.27%
Fbt Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination64.07%
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% |
