Thrive Mortgage Rates, Fees & Info
CARROLLTON, TXLEI: 549300TM179TSKK3HQ94
Tax ID: 20-0353048
2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Thrive Mortgage is a small mortgage company specializing in Home Purchase and Refi loans. Thrive 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 Dallas, Austin, Houston, San Antonio, and Denver among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Thrive Mortgage is typically an average fee lendor.Originations
8,532Origination Dollar Volume (All Markets)
$2,197,290,000Awards
THRIVE MORTGAGE - 2020
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For 2020, less than of lenders were eligible for this award.
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Relative Rate
Thrive Mortgage 's average 30 year fixed rate mortgage of loans were
3.17%.
The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.
This yields a difference of -0.19%.
Relative Fees
Thrive Mortgage 's average total fees for a 30 year fixed rate
mortgage are $5,561.
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 $5,021.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) | 1,414 | $425,670,000 | $301,040 | $6,167 | 3.10% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1,023 | $305,185,000 | $298,324 | $5,944 | 3.11% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1,132 | $276,030,000 | $243,843 | $5,599 | 3.21% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 712 | $198,110,000 | $278,244 | $6,313 | 3.15% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 427 | $143,705,000 | $336,546 | $5,280 | 3.09% |
| Outside of Metro Areas | 433 | $107,305,000 | $247,818 | $6,528 | 3.20% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 690 | $107,030,000 | $155,116 | $3,609 | 3.26% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 391 | $90,715,000 | $232,008 | $6,058 | 3.25% |
| FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) | 348 | $89,730,000 | $257,845 | $6,146 | 3.23% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 221 | $46,195,000 | $209,027 | $3,221 | 2.90% |
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) | 104 | $39,520,000 | $380,000 | $4,554 | 2.53% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 175 | $38,865,000 | $222,086 | $3,818 | 3.03% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 165 | $32,785,000 | $198,697 | $3,700 | 3.19% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 121 | $24,755,000 | $204,587 | $4,685 | 3.17% |
| LAREDO, TX (FHA|USDA|VA) | 113 | $23,895,000 | $211,460 | $5,250 | 3.19% |
| WICHITA, KS (FHA|USDA|VA) | 127 | $22,295,000 | $175,551 | $3,550 | 3.03% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 89 | $20,275,000 | $227,809 | $5,202 | 3.19% |
| FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) | 51 | $18,745,000 | $367,549 | $3,856 | 2.79% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 86 | $17,840,000 | $207,442 | $4,193 | 3.43% |
| SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) | 42 | $14,160,000 | $337,143 | $4,451 | 2.95% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 62 | $13,640,000 | $220,000 | $9,107 | 3.26% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 68 | $9,680,000 | $142,353 | $3,784 | 3.16% |
| COLUMBUS, OH (FHA|USDA|VA) | 33 | $6,625,000 | $200,758 | $4,669 | 3.26% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 19 | $6,495,000 | $341,842 | $6,037 | 2.92% |
| GREELEY, CO (FHA|USDA|VA) | 19 | $6,155,000 | $323,947 | $6,786 | 3.13% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 29 | $6,035,000 | $208,103 | $6,453 | 3.17% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 21 | $5,915,000 | $281,667 | $4,743 | 3.05% |
| WILMINGTON, NC (FHA|USDA|VA) | 23 | $5,095,000 | $221,522 | $3,843 | 2.89% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 12 | $4,610,000 | $384,167 | $3,933 | 2.70% |
| ASHEVILLE, NC (FHA|USDA|VA) | 18 | $4,440,000 | $246,667 | $3,713 | 3.04% |
| BOULDER, CO (FHA|USDA|VA) | 12 | $4,090,000 | $340,833 | $4,155 | 2.90% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 18 | $3,450,000 | $191,667 | $6,491 | 3.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 17 | $3,265,000 | $192,059 | $4,449 | 3.47% |
| BATON ROUGE, LA (FHA|USDA|VA) | 12 | $3,200,000 | $266,667 | $8,557 | 2.95% |
| WACO, TX (FHA|USDA|VA) | 12 | $3,020,000 | $251,667 | $5,971 | 3.15% |
| KNOXVILLE, TN (FHA|USDA|VA) | 20 | $3,000,000 | $150,000 | $6,799 | 3.44% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $2,745,000 | $305,000 | $3,904 | 3.19% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 14 | $2,600,000 | $185,714 | $4,691 | 3.57% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $2,515,000 | $279,444 | $4,660 | 3.14% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 9 | $2,505,000 | $278,333 | $8,081 | 3.17% |
| LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) | 8 | $2,390,000 | $298,750 | $4,627 | 3.55% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $2,305,000 | $329,286 | $2,262 | 2.58% |
| FORT COLLINS, CO (FHA|USDA|VA) | 7 | $2,205,000 | $315,000 | $4,133 | 3.04% |
| TYLER, TX (FHA|USDA|VA) | 9 | $1,815,000 | $201,667 | $4,619 | 2.89% |
| CHICO, CA (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $4,288 | 3.38% |
| EL PASO, TX (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $5,985 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $4,770 | 2.78% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $3,342 | 3.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 8 | $1,210,000 | $151,250 | $3,539 | 3.53% |
| TACOMA-LAKEWOOD, WA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $4,585 | 2.90% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $7,215 | 2.80% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $3,825 | 2.88% |
| OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $4,919 | 3.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $2,059 | 2.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $4,934 | 2.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $5,544 | 3.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $4,460 | 3.48% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,726 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $7,134 | 3.00% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $16,657 | 3.75% |
| COEUR D'ALENE, ID (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $5,045 | 3.38% |
| TULSA, OK (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,313 | 2.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $2,904 | 3.06% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $7,687 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $2,353 | 4.40% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,303 | 2.81% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,558 | 3.31% |
| NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $2,137 | 4.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,051 | 3.06% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,729 | 3.81% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $7,105 | 3.88% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,995 | 2.88% |
| LAWRENCE, KS (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,238 | 3.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,636 | 3.19% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,216 | 3.63% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,690 | 2.88% |
| MONROE, LA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $8,599 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,165 | 3.04% |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 2.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,938 | 3.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,745 | 2.88% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $1,726 | 3.44% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,671 | 3.19% |
| CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,039 | 3.13% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,167 | 3.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,022 | 2.69% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,897 | 2.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,054 | 2.63% |
| LIMA, OH (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,417 | 2.83% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $7,411 | 2.88% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,196 | 2.50% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,373 | 3.31% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,219 | 2.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,715 | 3.25% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,166 | 3.54% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,702 | 2.69% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 2.92% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,280 | 2.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,001 | 2.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $19,308 | 3.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,206 | 3.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $4,595 | 3.17% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $2,528 | 3.17% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,768 | 2.50% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,734 | 3.13% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,978 | 3.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,841 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,871 | 2.88% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,427 | 2.75% |
| FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,033 | 3.13% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,897 | 3.13% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $500 | 3.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,801 | 2.75% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,446 | 2.81% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,376 | 3.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,601 | 2.88% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,104 | 2.63% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,638 | 3.41% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,311 | 2.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,125 | 2.88% |
| VICTORIA, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,448 | 3.06% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,859 | 4.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,728 | 2.88% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,716 | 4.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,869 | 2.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,764 | 2.63% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,306 | 2.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,586 | 2.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,790 | 2.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,394 | 4.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,786 | 3.25% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,647 | 2.38% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,354 | 2.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,437 | 2.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,080 | 3.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,548 | 3.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,541 | 3.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,887 | 3.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,100 | 2.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,864 | 3.63% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,816 | 3.38% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,965 | 3.00% |
| WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,777 | 2.75% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,227 | 4.25% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,779 | 2.63% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,274 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,338 | 3.50% |
Thrive Mortgage 's top markets include Dallas, Austin, Houston, San Antonio, and Denver among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 5,980 | $1,579,720,000 | $264,167 | $4,714 | 3.13% |
| FHA | 1,668 | $354,750,000 | $212,680 | $7,910 | 3.31% |
| VA | 796 | $247,110,000 | $310,440 | $7,085 | 2.94% |
| USDA | 88 | $15,710,000 | $178,523 | $4,863 | 3.04% |
For the 2020 period, Thrive Mortgage 's most frequently originated loan type of loans were Conventional, with 5,980 originations. Their 2nd most popular type is FHA, with 1,668 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 5,099 | $1,253,745,000 | $245,881 | $5,924 | 3.19% |
| Refi | 2,727 | $762,015,000 | $279,433 | $4,695 | 3.02% |
| Cash Out Refi | 706 | $181,530,000 | $257,125 | $5,217 | 3.27% |
For the 2020, Thrive Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 5,099 originations. The 2nd most popular reason of loans were Refi, with 2,727 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 7,660 | $2,003,200,000 | $261,514 | $5,561 | 3.17% |
| 15 Year | 510 | $113,410,000 | $222,373 | $4,301 | 2.77% |
| Other | 140 | $30,440,000 | $217,429 | $4,106 | 3.18% |
| 20 Year | 118 | $26,300,000 | $222,881 | $3,674 | 2.84% |
| 30+ year | 53 | $18,605,000 | $351,038 | $10,333 | 3.99% |
| 10 Year | 46 | $5,250,000 | $114,130 | $2,853 | 3.47% |
| 3 Year | 5 | $85,000 | $17,000 | $0 | 0.00% |
For the 2020, Thrive Mortgage 's most frequently cited loan length of loans were 30 Year, with 7,660 originations. The 2nd most popular length of loans were 15 Year, with 510 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3,814 | $932,630,000 | $244,528 |
| $<1k | 2,088 | $485,910,000 | $232,716 |
| $3k-4k | 1,054 | $300,570,000 | $285,171 |
| $2k-3k | 920 | $228,400,000 | $248,261 |
| $5k+ | 604 | $242,830,000 | $402,036 |
$5,561 of loans were Thrive Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,814 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 3,673 | $905,365,000 | $246,492 |
| 2.5-3% | 3,636 | $976,860,000 | $268,663 |
| <2.5% | 685 | $195,205,000 | $284,971 |
| 4-5% | 428 | $96,020,000 | $224,346 |
| 5-6% | 36 | $7,150,000 | $198,611 |
| 7-8% | 6 | $40,000 | $6,667 |
During 2020, Thrive Mortgage 's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 3-4%, with 3,673 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 4,352 | $1,217,030,000 | $279,648 | $5,867 | 3.11% |
| $100k-200k | 2,560 | $400,090,000 | $156,285 | $4,241 | 3.21% |
| $400k-600k | 1,065 | $497,295,000 | $466,944 | $7,029 | 3.08% |
| $100,000 or less | 490 | $33,560,000 | $68,490 | $2,962 | 3.26% |
| $600k-1MM | 59 | $42,585,000 | $721,780 | $11,689 | 2.92% |
| $1MM+ | 6 | $6,730,000 | $1,121,667 | $24,504 | 3.00% |
2020 saw Thrive Mortgage place emphasis on $200k-400k loans with 4,352 originations, totaling $1,217,030,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 2,036 | $590,570,000 | $290,064 | $6,007 | 3.13% |
| $50k-75k | 1,925 | $382,055,000 | $198,470 | $5,019 | 3.19% |
| $75k-100k | 1,553 | $384,805,000 | $247,782 | $5,613 | 3.16% |
| $150k-250k | 1,313 | $451,645,000 | $343,979 | $5,854 | 3.13% |
| $50k or less | 1,248 | $213,420,000 | $171,010 | $4,085 | 3.11% |
| $250k+ | 457 | $174,795,000 | $382,484 | $6,242 | 3.12% |
Thrive Mortgage lent most frequently to those with incomes in the $100k-150k range, with 2,036 originations. The second most popular income band? $50k-75k, with 1,925 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,677 | $436,085,000 | $260,039 | $4,874 | 3.08% |
| 30-36% | 1,453 | $379,495,000 | $261,180 | $5,290 | 3.14% |
| <20% | 589 | $140,655,000 | $238,803 | $4,354 | 2.98% |
| 50-60% | 484 | $119,520,000 | $246,942 | $8,612 | 3.25% |
| 44% | 393 | $100,595,000 | $255,967 | $5,705 | 3.22% |
| 42% | 353 | $88,055,000 | $249,448 | $5,466 | 3.22% |
| 43% | 343 | $88,415,000 | $257,770 | $5,735 | 3.23% |
| 41% | 311 | $79,725,000 | $256,350 | $5,634 | 3.24% |
| 39% | 310 | $74,550,000 | $240,484 | $5,353 | 3.16% |
| 40% | 303 | $77,735,000 | $256,551 | $5,629 | 3.23% |
| 36% | 296 | $74,340,000 | $251,149 | $5,450 | 3.18% |
| 37% | 290 | $75,630,000 | $260,793 | $5,591 | 3.16% |
| 38% | 287 | $77,635,000 | $270,505 | $5,537 | 3.21% |
| 49% | 229 | $61,675,000 | $269,323 | $6,500 | 3.23% |
| 45% | 221 | $56,755,000 | $256,810 | $5,804 | 3.22% |
| 47% | 221 | $57,995,000 | $262,421 | $6,016 | 3.20% |
| 46% | 214 | $54,090,000 | $252,757 | $5,839 | 3.22% |
| 48% | 203 | $55,135,000 | $271,601 | $6,463 | 3.23% |
| >60% | 19 | $6,195,000 | $326,053 | $10,041 | 3.05% |
Thrive Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,677 originations. The next most common DTI ratio? 30-36%, with 1,453 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 6,751 | $1,746,575,000 | $258,714 | $5,418 | 3.14% |
| Not provided | 823 | $211,985,000 | $257,576 | $5,619 | 3.11% |
| Black | 508 | $125,750,000 | $247,539 | $5,982 | 3.25% |
| Asian | 345 | $86,715,000 | $251,348 | $4,944 | 3.06% |
| American Indian | 84 | $20,170,000 | $240,119 | $5,741 | 3.24% |
| Asian Indian | 6 | $1,740,000 | $290,000 | $7,784 | 2.69% |
| Native Hawaiian | 6 | $1,720,000 | $286,667 | $5,487 | 3.00% |
| Other Asian | 4 | $1,250,000 | $312,500 | $4,768 | 3.13% |
| Chinese | 2 | $600,000 | $300,000 | $3,959 | 2.56% |
| Filipino | 1 | $305,000 | $305,000 | $2,947 | 3.00% |
| Other Pacific Islander | 1 | $255,000 | $255,000 | $0 | 3.25% |
| Korean | 1 | $225,000 | $225,000 | $3,028 | 3.25% |
Approval Rates
Total approvals of all applications97.55%
Thrive Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination69.57%
Thrive 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 | 8,532 | $2,197,290,000 | $257,535 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 102 | $20,350,000 | $199,510 |
| Single Family (1-4 Units):Site-Built | 8,430 | $2,176,940,000 | $258,237 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 207 | $34,865,000 | $168,430 | $3,986 | 3.02% |
| 40-60% | 785 | $191,045,000 | $243,369 | $4,317 | 2.97% |
| 60-80% | 2,518 | $700,310,000 | $278,122 | $4,947 | 3.15% |
| 80-100% | 4,779 | $1,212,075,000 | $253,625 | $5,764 | 3.19% |
| Over 100% | 175 | $57,705,000 | $329,743 | $12,507 | 3.00% |
| Under 20% | 68 | $1,290,000 | $18,971 | $771 | 2.40% |