Thrive Mortgage Rates, Fees & Info
CARROLLTON, TXLEI: 549300TM179TSKK3HQ94
Tax ID: 20-0353048
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Mortgage Data
Review & Overview
Thrive Mortgage is a smaller mortgage company specializing in Home Purchase loans. Thrive Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Houston, Austin, Denver, and San Antonio among others. We have data for 59 markets. (Some data included below & more in-depth data is available with an active subscription.)Thrive 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. Thrive 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 | 6.70% | 4/30/24 |
| 30 Year Conventional Refi | 6.57% | 4/30/24 |
| 30 Year Cash-out Refi | 6.79% | 4/30/24 |
| 30 Year FHA Purchase | 7.76% | 4/30/24 |
| 30 Year FHA Refi | 7.33% | 4/30/24 |
| 30 Year VA Purchase | 6.47% | 4/30/24 |
| 30 Year VA Refi | 6.15% | 4/30/24 |
| 30 Year USDA Purchase | 6.96% | 4/30/24 |
| 15 Year Conventional Purchase | 5.77% | 4/30/24 |
| 15 Year Conventional Refi | 6.23% | 4/30/24 |
| 15 Year Cash-out Refi | 6.23% | 4/30/24 |
| 15 Year FHA Purchase | 7.86% | 4/30/24 |
| 15 Year VA Purchase | 5.91% | 4/30/24 |
| 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. | ||
Thrive Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,177Origination Dollar Volume (All Markets)
$279,205,000Awards
THRIVE MORTGAGE - 2018
THRIVE MORTGAGE is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 341 | $84,375,000 | $247,434 | $6,030 | 5.02% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 251 | $55,645,000 | $221,693 | $5,460 | 5.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 147 | $37,625,000 | $255,952 | $6,091 | 4.83% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 72 | $21,780,000 | $302,500 | $4,872 | 5.03% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 79 | $18,885,000 | $239,051 | $6,809 | 5.06% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 58 | $12,350,000 | $212,931 | $5,907 | 5.07% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 26 | $7,390,000 | $284,231 | $5,259 | 4.79% |
| Outside of Metro Areas | 33 | $7,235,000 | $219,242 | $7,014 | 5.06% |
| LAREDO, TX (FHA|USDA|VA) | 22 | $4,510,000 | $205,000 | $5,268 | 5.05% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 25 | $4,475,000 | $179,000 | $4,578 | 5.02% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 21 | $3,315,000 | $157,857 | $4,465 | 5.02% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 16 | $2,960,000 | $185,000 | $5,861 | 5.47% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 10 | $1,600,000 | $160,000 | $7,682 | 5.54% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $14,988 | 4.67% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $3,327 | 5.16% |
| MIDLAND, TX (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $6,043 | 4.94% |
| Hilo, HI (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $3,790 | 4.67% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $4,516 | 5.13% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,664 | 5.25% |
| WACO, TX (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $4,194 | 4.75% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $525 | 3.75% |
| Kingsville, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,330 | 4.75% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $8,602 | 4.44% |
| Beeville, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $8,581 | 5.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,174 | 4.50% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,520 | 4.81% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,761 | 4.72% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,781 | 4.50% |
| Uvalde, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,652 | 5.06% |
| Andrews, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,626 | 5.38% |
| Rockport, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $8,006 | 5.13% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,596 | 5.63% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,516 | 4.88% |
| Brenham, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $14,398 | 5.63% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,482 | 4.88% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,755 | 4.75% |
| Bay City, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,048 | 5.63% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,398 | 4.88% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 5.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,149 | 5.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,258 | 5.13% |
| Zapata, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,534 | 5.19% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,454 | 5.44% |
| Altus, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,517 | 3.88% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,858 | 5.25% |
| Brownwood, TX (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,043 | 5.19% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,769 | 4.88% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,478 | 5.75% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,893 | 5.38% |
| El Campo, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,684 | 4.75% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,685 | 4.88% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,173 | 5.13% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,240 | 5.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,229 | 4.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,629 | 5.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,908 | 5.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,067 | 5.25% |
| Palestine, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,373 | 5.38% |
| Snyder, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,685 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against THRIVE MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Thrive Mortgage's most frequently originated type of loan was Conventional, with 756 originations. Their 2nd most popular type was FHA, with 310 originations.
Loan Reason
For 2018, Thrive Mortgage's most frequently cited loan purpose was Home Purchase, with 999 originations. The 2nd most popular reason was Refi, with 94 originations.
Loan Duration/Length
For 2018, Thrive Mortgage's most frequently cited loan duration was 30 Year, with 1,095 originations. The 2nd most popular length was 15 Year, with 40 originations.
Origination Fees/Closing Costs
Thrive Mortgage's average total fees were $5,813, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 399 originations.
Interest Rates
During 2018, Thrive Mortgage's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 4-5%, with 672 originations.
Loan Sizing
2018 saw Thrive Mortgage place emphasis on $200k-400k loans with 548 originations, totaling $149,190,000 in origination value.
Applicant Income
Thrive Mortgage lent most frequently to those with incomes in the $50k-75k range, with 323 originations. The second most popular income band? $100k-150k, with 246 originations.
Applicant Debt to Income Ratio
Thrive Mortgage lent most frequently to those with DTI ratios of 30-36%, with 165 originations. The next most common DTI ratio? 50-60%, with 155 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.34%
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 origination66.02%
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 |
|---|---|---|---|
| 2644.0 | 1 | $165,000 | $165,000 |
| NA | 1,176 | $279,040,000 | $237,279 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 16 | $2,350,000 | $146,875 |
| Single Family (1-4 Units):Site-Built | 1,161 | $276,855,000 | $238,463 |