Fbt Mortgage Rates, Fees & Info

Ocean Springs, MS

LEI: 549300TG39MNZBTYXD82

Tax ID: 58-2642920

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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. Their top markets by origination volume include: New Orleans, Crestview, North Port, Gulfport, and Baton Rouge among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fbt Mortgage has an above 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 6.83% 12/16/24
    30 Year Conventional Refi 6.60% 12/16/24
    30 Year Cash-out Refi 6.85% 12/16/24
    30 Year FHA Purchase 7.27% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 6.69% 12/16/24
    30 Year USDA Purchase 6.53% 12/16/24
    15 Year Conventional Purchase 6.51% 12/16/24
    15 Year Conventional Refi 6.02% 12/16/24
    15 Year Cash-out Refi 6.02% 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.

    Fbt Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Fbt Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    488

    Origination Dollar Volume (All Markets)

    $103,160,000
    Show all (6) awards

    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) 198 $40,020,000 $202,121 $5,330 4.82%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 61 $15,615,000 $255,984 $4,760 4.92%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 47 $12,315,000 $262,021 $5,591 4.65%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 71 $10,675,000 $150,352 $4,716 4.60%
    BATON ROUGE, LA (FHA|USDA|VA) 22 $5,600,000 $254,545 $5,184 5.09%
    PANAMA CITY, FL (FHA|USDA|VA) 16 $3,080,000 $192,500 $3,344 4.91%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 9 $2,995,000 $332,778 $6,025 4.76%
    HAMMOND, LA (FHA|USDA|VA) 12 $2,360,000 $196,667 $4,395 5.05%
    GAINESVILLE, FL (FHA|USDA|VA) 11 $2,285,000 $207,727 $5,293 4.24%
    OCALA, FL (FHA|USDA|VA) 8 $1,710,000 $213,750 $6,353 4.70%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,690,000 $281,667 $6,810 5.00%
    Outside of Metro Areas 6 $760,000 $126,667 $5,319 4.29%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $685,000 $228,333 $5,169 4.67%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $455,000 $455,000 $9,187 4.38%
    Palatka, FL (FHA|USDA|VA) 1 $445,000 $445,000 $5,310 4.25%
    MOBILE, AL (FHA|USDA|VA) 2 $300,000 $150,000 $4,519 5.00%
    Brevard, NC (FHA|USDA|VA) 1 $295,000 $295,000 $9,536 5.00%
    DOTHAN, AL (FHA|USDA|VA) 1 $255,000 $255,000 $10,549 4.38%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $250,000 $125,000 $4,329 4.38%
    Picayune, MS (FHA|USDA|VA) 2 $220,000 $110,000 $4,299 4.69%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $215,000 $215,000 $12,130 4.63%
    Lake City, FL (FHA|USDA|VA) 2 $210,000 $105,000 $3,565 3.94%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,887 4.75%
    Bogalusa, LA (FHA|USDA|VA) 1 $185,000 $185,000 $5,555 4.38%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $155,000 $155,000 $2,933 4.13%
    McComb, MS (FHA|USDA|VA) 1 $125,000 $125,000 $7,242 3.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,681 5.13%
    Fbt Mortgage's top markets include New Orleans, Crestview, North Port, Gulfport, and Baton Rouge among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • North Carolina (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.

    Eglin Federal Credit Union
    Similarity Rank: 30
    NAVIGATOR CU
    Similarity Rank: 64
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 93
    Bossier Federal Credit Union
    Similarity Rank: 132
    Neighbors Federal Credit Union
    Similarity Rank: 138
    Pelican State Credit Union
    Similarity Rank: 153
    GREATER NEW ORLEANS
    Similarity Rank: 182
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 228
    Baton Rouge Telco Federal Credit Union
    Similarity Rank: 259
    BARKSDALE
    Similarity Rank: 297

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 286 $66,520,000 $232,587 $4,415 4.90%
    FHA 110 $18,170,000 $165,182 $6,281 4.65%
    USDA 55 $7,995,000 $145,364 $4,849 4.47%
    VA 37 $10,475,000 $283,108 $8,078 4.63%

    For 2018, Fbt Mortgage's most frequently originated type of loan was Conventional, with 286 originations. Their 2nd most popular type was FHA, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 412 $87,570,000 $212,549 $5,411 4.75%
    Cash Out Refi 45 $8,465,000 $188,111 $3,937 4.95%
    Refi 31 $7,125,000 $229,839 $3,616 4.83%

    For 2018, Fbt Mortgage's most frequently cited loan purpose was Home Purchase, with 412 originations. The 2nd most popular reason was Cash Out Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 443 $90,205,000 $203,623 $4,968 4.75%
    30+ year 23 $9,105,000 $395,870 $10,370 5.40%
    15 Year 16 $2,670,000 $166,875 $3,792 4.54%
    20 Year 3 $675,000 $225,000 $3,782 4.46%
    10 Year 2 $250,000 $125,000 $3,917 4.44%
    Other 1 $255,000 $255,000 $8,514 4.88%

    For 2018, Fbt Mortgage's most frequently cited loan duration was 30 Year, with 443 originations. The 2nd most popular length was 30+ year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 257 $46,095,000 $179,358
    $<1k 146 $32,490,000 $222,534
    $2k-3k 40 $7,530,000 $188,250
    $3k-4k 25 $7,865,000 $314,600
    $4k-5k 9 $3,975,000 $441,667
    $5k+ 8 $4,680,000 $585,000

    Fbt Mortgage's average total fees were $4,968, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 257 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 334 $71,390,000 $213,743
    5-6% 123 $26,545,000 $215,813
    3-4% 29 $4,855,000 $167,414
    6-7% 1 $55,000 $55,000

    During 2018, Fbt Mortgage's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 334 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 223 $33,385,000 $149,709 $4,721 4.68%
    $200k-400k 166 $45,050,000 $271,386 $5,471 4.81%
    $100,000 or less 57 $4,235,000 $74,298 $3,470 4.94%
    $400k-600k 37 $16,815,000 $454,459 $8,050 4.85%
    $600k-1MM 5 $3,675,000 $735,000 $12,518 5.23%

    2018 saw Fbt Mortgage place emphasis on $100k-200k loans with 223 originations, totaling $33,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 130 $22,930,000 $176,385 $4,996 4.70%
    $50k or less 122 $15,540,000 $127,377 $4,600 4.71%
    $100k-150k 77 $19,365,000 $251,494 $5,440 4.82%
    $75k-100k 71 $15,545,000 $218,944 $5,714 4.76%
    $150k-250k 54 $17,270,000 $319,815 $5,350 4.88%
    $250k+ 34 $12,510,000 $367,941 $5,689 5.02%

    Fbt Mortgage lent most frequently to those with incomes in the $50k-75k range, with 130 originations. The second most popular income band? $50k or less, with 122 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 82 $18,470,000 $225,244 $5,262 4.76%
    20-30% 69 $14,945,000 $216,594 $4,810 4.76%
    50-60% 44 $8,830,000 $200,682 $6,464 4.72%
    40% 30 $5,810,000 $193,667 $4,750 4.78%
    <20% 28 $5,540,000 $197,857 $3,655 4.84%
    39% 26 $5,060,000 $194,615 $5,054 4.94%
    48% 24 $4,680,000 $195,000 $4,536 4.78%
    43% 22 $3,950,000 $179,545 $5,130 4.58%
    45% 22 $4,710,000 $214,091 $4,510 4.86%
    47% 22 $4,260,000 $193,636 $5,369 4.84%
    44% 19 $3,935,000 $207,105 $4,926 4.85%
    42% 18 $4,450,000 $247,222 $5,564 4.74%
    41% 18 $4,460,000 $247,778 $5,457 4.63%
    37% 14 $3,640,000 $260,000 $6,723 4.71%
    49% 14 $2,870,000 $205,000 $5,752 4.90%
    36% 14 $2,590,000 $185,000 $5,195 4.79%
    38% 13 $2,595,000 $199,615 $4,343 4.64%
    46% 8 $2,040,000 $255,000 $7,154 4.73%
    >60% 1 $325,000 $325,000 $572 4.75%

    Fbt Mortgage lent most frequently to those with DTI ratios of 30-36%, with 82 originations. The next most common DTI ratio? 20-30%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 387 $84,065,000 $217,222 $5,058 4.75%
    Black 67 $11,475,000 $171,269 $5,626 4.86%
    Not provided 25 $5,665,000 $226,600 $5,495 4.77%
    Asian 6 $1,670,000 $278,333 $5,763 4.73%
    Native Hawaiian or Islander 1 $145,000 $145,000 $5,455 4.25%
    American Indian 2 $140,000 $70,000 $3,103 5.50%

    Approval Rates

    Total approvals of all applications
    93.88%

    Fbt Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.19%

    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 488 $103,160,000 $211,393

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $420,000 $105,000
    Single Family (1-4 Units):Site-Built 484 $102,740,000 $212,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,720,000 $172,000 $4,415 4.74%
    40-60% 38 $8,470,000 $222,895 $3,849 4.68%
    60-80% 126 $29,100,000 $230,952 $4,300 4.93%
    80-100% 305 $61,705,000 $202,311 $5,577 4.73%
    Over 100% 9 $2,165,000 $240,556 $8,989 4.51%