Fbt Mortgage Rates, Fees & Info

Ocean Springs, MS

LEI: 549300TG39MNZBTYXD82

Tax ID: 58-2642920

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

2021 Data | 2020 Data | 2019 Data | 2018 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

880

Origination Dollar Volume (All Markets)

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

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 applications
92.27%

Fbt Mortgage has an average approval rate.

Pick Rate

Approvals leading to origination
64.07%

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%