Fbt Mortgage Rates, Fees & Info

Ocean Springs, MS

LEI: 549300TG39MNZBTYXD82

Tax ID: 58-2642920

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Mortgage Data

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, Baton Rouge, Hammond, and Panama City among others. We have data for 28 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

604

Origination Dollar Volume (All Markets)

$137,160,000

Awards

FBT Mortgage 30 Year Conventional Loans bronze FBT Mortgage FHA Loans silver FBT Mortgage USDA Loans gold FBT Mortgage USDA Loans bronze
Show all (4) awards

Top Markets

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    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) 306 $62,070,000 $202,843 $5,440 4.27%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 96 $28,550,000 $297,396 $5,747 4.40%
    BATON ROUGE, LA (FHA|USDA|VA) 54 $16,580,000 $307,037 $6,195 4.56%
    HAMMOND, LA (FHA|USDA|VA) 49 $9,525,000 $194,388 $5,180 4.47%
    PANAMA CITY, FL (FHA|USDA|VA) 29 $6,945,000 $239,483 $3,779 4.56%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 38 $5,750,000 $151,316 $4,896 4.19%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,500,000 $250,000 $3,092 4.40%
    Outside of Metro Areas 6 $950,000 $158,333 $5,673 4.69%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $485,000 $485,000 $2,322 4.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $475,000 $475,000 $20,380 3.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $465,000 $465,000 $11,336 5.38%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $365,000 $365,000 $4,724 3.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $355,000 $355,000 $3,457 3.88%
    Brookhaven, MS (FHA|USDA|VA) 1 $315,000 $315,000 $3,927 4.88%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $305,000 $305,000 $3,877 4.00%
    IOWA CITY, IA (FHA|USDA|VA) 1 $295,000 $295,000 $1,760 4.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,222 5.88%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $265,000 $265,000 $3,320 4.25%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $265,000 $265,000 $9,181 3.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,790 4.38%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,024 4.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $6,770 5.63%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,827 5.00%
    Bogalusa, LA (FHA|USDA|VA) 1 $145,000 $145,000 $6,367 5.13%
    Picayune, MS (FHA|USDA|VA) 1 $145,000 $145,000 $7,161 5.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,222 3.88%
    MOBILE, AL (FHA|USDA|VA) 1 $125,000 $125,000 $2,734 3.75%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $55,000 $55,000 $3,722 4.13%
    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)
  • Alabama (FHA|USDA|VA)
  • Texas (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: 15
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 33
    Bossier Federal Credit Union
    Similarity Rank: 42
    Neighbors Federal Credit Union
    Similarity Rank: 136
    NAVIGATOR CU
    Similarity Rank: 138
    First Castle Federal Credit Union
    Similarity Rank: 180
    Eureka Homestead
    Similarity Rank: 201
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 256
    JEFFERSON FINANCIAL
    Similarity Rank: 400

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 360 $93,760,000 $260,444 $4,798 4.53%
    FHA 161 $26,865,000 $166,863 $6,462 4.16%
    USDA 47 $7,445,000 $158,404 $5,048 3.86%
    VA 36 $9,090,000 $252,500 $7,126 4.10%

    For 2019, Fbt Mortgage's most frequently originated type of loan was Conventional, with 360 originations. Their 2nd most popular type was FHA, with 161 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 502 $113,150,000 $225,398 $5,669 4.34%
    Cash Out Refi 65 $14,865,000 $228,692 $4,194 4.53%
    Refi 37 $9,145,000 $247,162 $3,880 4.15%

    For 2019, Fbt Mortgage's most frequently cited loan purpose was Home Purchase, with 502 originations. The 2nd most popular reason was Cash Out Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 510 $104,140,000 $204,196 $5,014 4.26%
    30+ year 65 $26,345,000 $405,308 $9,030 5.25%
    15 Year 26 $5,970,000 $229,615 $3,988 3.93%
    20 Year 2 $440,000 $220,000 $5,145 4.00%
    Other 1 $265,000 $265,000 $7,267 4.38%

    For 2019, Fbt Mortgage's most frequently cited loan duration was 30 Year, with 510 originations. The 2nd most popular length was 30+ year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 357 $63,315,000 $177,353
    $<1k 130 $32,500,000 $250,000
    $2k-3k 59 $12,445,000 $210,932
    $3k-4k 32 $11,810,000 $369,063
    $5k+ 18 $12,630,000 $701,667
    $4k-5k 8 $4,460,000 $557,500

    Fbt Mortgage's average total fees were $5,014, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 357 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 280 $58,300,000 $208,214
    3-4% 229 $50,135,000 $218,930
    5-6% 92 $28,130,000 $305,761
    6-7% 2 $340,000 $170,000
    2.5-3% 1 $255,000 $255,000

    During 2019, Fbt Mortgage's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 4-5%, with 280 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 294 $44,150,000 $150,170 $4,777 4.29%
    $200k-400k 204 $55,080,000 $270,000 $5,845 4.30%
    $400k-600k 50 $22,520,000 $450,400 $6,676 4.47%
    $100,000 or less 44 $3,570,000 $81,136 $3,625 4.61%
    $600k-1MM 8 $6,010,000 $751,250 $12,673 5.33%
    $1MM+ 4 $5,830,000 $1,457,500 $17,678 5.19%

    2019 saw Fbt Mortgage place emphasis on $100k-200k loans with 294 originations, totaling $44,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 163 $22,945,000 $140,767 $4,994 4.22%
    $50k-75k 140 $25,380,000 $181,286 $5,140 4.32%
    $100k-150k 91 $23,405,000 $257,198 $5,142 4.39%
    $75k-100k 87 $18,415,000 $211,667 $5,929 4.35%
    $150k-250k 76 $24,540,000 $322,895 $5,532 4.53%
    $250k+ 45 $22,125,000 $491,667 $7,086 4.58%

    Fbt Mortgage lent most frequently to those with incomes in the $50k or less range, with 163 originations. The second most popular income band? $50k-75k, with 140 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 102 $25,090,000 $245,980 $5,200 4.30%
    30-36% 100 $24,150,000 $241,500 $5,497 4.40%
    50-60% 50 $9,640,000 $192,800 $6,543 4.15%
    40% 32 $6,140,000 $191,875 $5,048 4.39%
    39% 30 $7,340,000 $244,667 $5,550 4.42%
    49% 29 $7,035,000 $242,586 $4,566 4.52%
    44% 29 $5,465,000 $188,448 $5,055 4.47%
    42% 28 $8,340,000 $297,857 $5,644 4.57%
    <20% 26 $7,080,000 $272,308 $5,185 4.38%
    43% 25 $5,145,000 $205,800 $5,175 4.18%
    38% 24 $4,190,000 $174,583 $4,349 4.18%
    37% 22 $4,520,000 $205,455 $4,966 4.32%
    36% 22 $4,730,000 $215,000 $6,154 4.21%
    48% 20 $4,310,000 $215,500 $5,848 4.55%
    41% 18 $3,190,000 $177,222 $4,862 4.24%
    47% 17 $3,625,000 $213,235 $5,566 4.60%
    46% 17 $3,975,000 $233,824 $6,190 4.15%
    45% 11 $2,765,000 $251,364 $5,871 4.53%
    >60% 2 $430,000 $215,000 $3,566 3.81%

    Fbt Mortgage lent most frequently to those with DTI ratios of 20-30%, with 102 originations. The next most common DTI ratio? 30-36%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 482 $113,960,000 $236,432 $5,355 4.36%
    Black 98 $16,470,000 $168,061 $5,474 4.27%
    Not provided 19 $5,615,000 $295,526 $6,287 4.47%
    American Indian 3 $665,000 $221,667 $4,942 4.21%
    Asian 2 $450,000 $225,000 $5,038 4.50%

    Approval Rates

    Total approvals of all applications
    94.77%

    Fbt Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.07%

    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 604 $137,160,000 $227,086

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $765,000 $109,286
    Single Family (1-4 Units):Site-Built 597 $136,395,000 $228,467

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $2,240,000 $186,667 $3,843 4.29%
    40-60% 43 $10,735,000 $249,651 $4,586 4.33%
    60-80% 166 $44,670,000 $269,096 $4,727 4.51%
    80-100% 376 $77,630,000 $206,463 $5,730 4.29%
    Over 100% 7 $1,885,000 $269,286 $11,424 4.38%