Thrive Mortgage Rates, Fees & Info

CARROLLTON, TX

LEI: 549300TM179TSKK3HQ94

Tax ID: 20-0353048

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

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    • Review & 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. 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, Austin, Houston, San Antonio, and Denver among others. We have data for 221 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% 4/18/24
    30 Year Conventional Refi 6.57% 4/18/24
    30 Year Cash-out Refi 6.79% 4/18/24
    30 Year FHA Purchase 7.76% 4/18/24
    30 Year FHA Refi 7.33% 4/18/24
    30 Year VA Purchase 6.47% 4/18/24
    30 Year VA Refi 6.15% 4/18/24
    30 Year USDA Purchase 6.96% 4/18/24
    15 Year Conventional Purchase 5.77% 4/18/24
    15 Year Conventional Refi 6.23% 4/18/24
    15 Year Cash-out Refi 6.23% 4/18/24
    15 Year FHA Purchase 7.86% 4/18/24
    15 Year VA Purchase 5.91% 4/18/24
    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






    Your Estimates

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

    This is not an official calculator from Thrive 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

    8,532

    Origination Dollar Volume (All Markets)

    $2,197,290,000
    Show all (33) 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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,762 $515,400,000 $292,509 $6,163 3.13%
    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%
    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%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 155 $58,265,000 $375,903 $4,324 2.61%
    Outside of Metro Areas 201 $51,575,000 $256,592 $6,998 3.23%
    LOUISVILLE, KY (FHA|USDA|VA) 221 $46,195,000 $209,027 $3,221 2.90%
    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%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 86 $17,840,000 $207,442 $4,193 3.43%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 46 $15,360,000 $333,913 $4,460 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%
    Athens, TX (FHA|USDA|VA) 16 $4,280,000 $267,500 $8,107 3.30%
    BOULDER, CO (FHA|USDA|VA) 12 $4,090,000 $340,833 $4,155 2.90%
    Edwards, CO (FHA|USDA|VA) 5 $3,575,000 $715,000 $9,028 3.23%
    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%
    Breckenridge, CO (FHA|USDA|VA) 6 $3,140,000 $523,333 $6,987 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%
    Granbury, TX (FHA|USDA|VA) 8 $2,510,000 $313,750 $8,952 3.02%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 9 $2,505,000 $278,333 $8,081 3.17%
    Los Angeles-Long Beach-Anaheim, 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%
    Rockingham, NC (FHA|USDA|VA) 13 $1,855,000 $142,692 $4,937 3.28%
    TYLER, TX (FHA|USDA|VA) 9 $1,815,000 $201,667 $4,619 2.89%
    Sidney, OH (FHA|USDA|VA) 12 $1,790,000 $149,167 $3,024 3.20%
    Alice, TX (FHA|USDA|VA) 9 $1,785,000 $198,333 $8,090 3.03%
    Rockport, TX (FHA|USDA|VA) 6 $1,690,000 $281,667 $7,844 3.17%
    Huntsville, TX (FHA|USDA|VA) 7 $1,675,000 $239,286 $7,821 3.13%
    Greenville, OH (FHA|USDA|VA) 10 $1,650,000 $165,000 $3,468 3.31%
    CHICO, CA (FHA|USDA|VA) 5 $1,575,000 $315,000 $4,288 3.38%
    Bonham, TX (FHA|USDA|VA) 7 $1,535,000 $219,286 $5,716 3.05%
    Corsicana, TX (FHA|USDA|VA) 8 $1,500,000 $187,500 $4,879 3.16%
    EL PASO, TX (FHA|USDA|VA) 6 $1,480,000 $246,667 $5,985 3.13%
    Urbana, OH (FHA|USDA|VA) 7 $1,395,000 $199,286 $6,476 3.13%
    Bay City, TX (FHA|USDA|VA) 4 $1,370,000 $342,500 $5,124 2.97%
    Eagle Pass, TX (FHA|USDA|VA) 6 $1,360,000 $226,667 $6,750 3.35%
    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%
    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%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $1,100,000 $550,000 $8,737 2.69%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,060,000 $530,000 $4,919 3.25%
    Zapata, TX (FHA|USDA|VA) 8 $1,000,000 $125,000 $5,231 3.34%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $970,000 $242,500 $2,059 2.50%
    Ruidoso, NM (FHA|USDA|VA) 3 $915,000 $305,000 $4,501 3.25%
    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%
    Kingsville, TX (FHA|USDA|VA) 4 $870,000 $217,500 $5,259 3.31%
    Brenham, TX (FHA|USDA|VA) 3 $845,000 $281,667 $9,236 3.50%
    Fredericksburg, TX (FHA|USDA|VA) 3 $835,000 $278,333 $4,133 3.42%
    LONGVIEW, TX (FHA|USDA|VA) 5 $815,000 $163,000 $4,460 3.48%
    Steamboat Springs, CO (FHA|USDA|VA) 2 $810,000 $405,000 $3,177 3.06%
    El Campo, TX (FHA|USDA|VA) 3 $805,000 $268,333 $7,408 2.83%
    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%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $760,000 $380,000 $4,033 2.88%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $740,000 $370,000 $16,657 3.75%
    Kerrville, TX (FHA|USDA|VA) 3 $705,000 $235,000 $5,535 3.61%
    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%
    Pearsall, TX (FHA|USDA|VA) 2 $640,000 $320,000 $7,339 3.44%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $620,000 $310,000 $5,558 3.31%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $620,000 $310,000 $5,303 2.81%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $610,000 $152,500 $2,137 4.75%
    Oak Harbor, WA (FHA|USDA|VA) 2 $590,000 $295,000 $4,054 2.94%
    Portsmouth, OH (FHA|USDA|VA) 3 $585,000 $195,000 $5,589 3.46%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $580,000 $290,000 $4,051 3.06%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $570,000 $285,000 $7,539 2.81%
    Wilmington, OH (FHA|USDA|VA) 4 $550,000 $137,500 $4,819 2.78%
    Gainesville, TX (FHA|USDA|VA) 3 $545,000 $181,667 $5,508 2.96%
    Del Rio, TX (FHA|USDA|VA) 2 $540,000 $270,000 $5,970 3.19%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 2 $540,000 $270,000 $15,299 3.69%
    Ellensburg, WA (FHA|USDA|VA) 2 $530,000 $265,000 $17,103 3.69%
    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%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $520,000 $260,000 $4,475 2.81%
    JOPLIN, MO (FHA|USDA|VA) 1 $515,000 $515,000 $9,995 2.88%
    Key West, FL (FHA|USDA|VA) 1 $515,000 $515,000 $8,084 3.13%
    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%
    MONROE, LA (FHA|USDA|VA) 2 $490,000 $245,000 $8,599 2.75%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $490,000 $245,000 $2,690 2.88%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $475,000 $158,333 $5,165 3.04%
    Marion, NC (FHA|USDA|VA) 1 $465,000 $465,000 $5,849 2.88%
    Brownwood, TX (FHA|USDA|VA) 1 $445,000 $445,000 $5,600 2.88%
    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%
    Boone, NC (FHA|USDA|VA) 1 $435,000 $435,000 $1,140 2.50%
    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-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $425,000 $425,000 $7,039 3.13%
    Bellefontaine, OH (FHA|USDA|VA) 2 $420,000 $210,000 $3,656 3.38%
    BOISE CITY, ID (FHA|USDA|VA) 1 $415,000 $415,000 $4,167 3.63%
    Fort Polk South, LA (FHA|USDA|VA) 2 $410,000 $205,000 $7,439 3.06%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $410,000 $205,000 $3,022 2.69%
    Uvalde, TX (FHA|USDA|VA) 2 $410,000 $205,000 $9,492 3.19%
    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%
    Outside of Metro Areas 1 $365,000 $365,000 $5,045 3.38%
    COLUMBIA, MO (FHA|USDA|VA) 2 $360,000 $180,000 $3,702 2.69%
    Hutchinson, KS (FHA|USDA|VA) 3 $355,000 $118,333 $858 4.08%
    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%
    WENATCHEE, WA (FHA|USDA|VA) 1 $335,000 $335,000 $19,308 3.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $335,000 $335,000 $3,001 2.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $325,000 $108,333 $2,528 3.17%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $325,000 $108,333 $4,595 3.17%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $325,000 $325,000 $12,206 3.00%
    Celina, OH (FHA|USDA|VA) 2 $320,000 $160,000 $4,327 3.06%
    Paris, TX (FHA|USDA|VA) 1 $315,000 $315,000 $3,933 2.75%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $315,000 $315,000 $2,768 2.50%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $305,000 $305,000 $14,978 3.25%
    Fort Morgan, CO (FHA|USDA|VA) 1 $305,000 $305,000 $12,182 3.13%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $305,000 $305,000 $1,734 3.13%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $300,000 $150,000 $4,841 3.13%
    Bardstown, KY (FHA|USDA|VA) 2 $300,000 $150,000 $2,900 2.81%
    Morehead City, NC (FHA|USDA|VA) 1 $295,000 $295,000 $8,469 2.75%
    Beeville, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,962 2.88%
    Shelton, WA (FHA|USDA|VA) 1 $295,000 $295,000 $2,753 2.50%
    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%
    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%
    Moses Lake, WA (FHA|USDA|VA) 1 $285,000 $285,000 $4,571 2.75%
    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%
    Big Spring, TX (FHA|USDA|VA) 2 $280,000 $140,000 $4,032 3.50%
    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%
    Raymondville, TX (FHA|USDA|VA) 1 $255,000 $255,000 $15,415 4.50%
    Altus, OK (FHA|USDA|VA) 1 $255,000 $255,000 $5,790 2.38%
    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%
    ABILENE, TX (FHA|USDA|VA) 1 $245,000 $245,000 $11,716 4.00%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $245,000 $245,000 $2,728 2.88%
    ODESSA, TX (FHA|USDA|VA) 1 $245,000 $245,000 $11,859 4.00%
    Jennings, LA (FHA|USDA|VA) 1 $245,000 $245,000 $12,530 3.13%
    Stillwater, OK (FHA|USDA|VA) 1 $235,000 $235,000 $4,696 3.50%
    Mineral Wells, TX (FHA|USDA|VA) 1 $235,000 $235,000 $2,904 2.75%
    Zanesville, OH (FHA|USDA|VA) 1 $235,000 $235,000 $6,908 3.25%
    HAMMOND, LA (FHA|USDA|VA) 1 $225,000 $225,000 $2,869 2.38%
    Lufkin, TX (FHA|USDA|VA) 1 $225,000 $225,000 $5,205 4.13%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $225,000 $225,000 $6,764 2.63%
    Aberdeen, WA (FHA|USDA|VA) 1 $225,000 $225,000 $6,247 2.63%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $225,000 $225,000 $3,306 2.63%
    Clovis, NM (FHA|USDA|VA) 1 $215,000 $215,000 $10,044 2.38%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,790 2.38%
    HINESVILLE, GA (FHA|USDA|VA) 1 $215,000 $215,000 $6,586 2.50%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,394 4.25%
    Durant, OK (FHA|USDA|VA) 1 $205,000 $205,000 $6,652 2.75%
    LINCOLN, NE (FHA|USDA|VA) 1 $205,000 $205,000 $2,647 2.38%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $205,000 $205,000 $2,786 3.25%
    Washington Court House, OH (FHA|USDA|VA) 1 $195,000 $195,000 $3,158 3.25%
    Houghton, MI (FHA|USDA|VA) 1 $195,000 $195,000 $1,369 2.88%
    TOLEDO, OH (FHA|USDA|VA) 1 $195,000 $195,000 $2,354 2.75%
    LUBBOCK, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,080 3.00%
    Natchitoches, LA (FHA|USDA|VA) 1 $185,000 $185,000 $7,782 3.25%
    Mount Pleasant, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,205 2.88%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $185,000 $185,000 $2,437 2.75%
    Nacogdoches, TX (FHA|USDA|VA) 1 $185,000 $185,000 $1,569 2.50%
    Ashtabula, OH (FHA|USDA|VA) 2 $180,000 $90,000 $4,416 3.88%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,548 3.25%
    Jacksonville, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.50%
    Shelby, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,005 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%
    Laurel, MS (FHA|USDA|VA) 1 $155,000 $155,000 $450 2.88%
    Minden, LA (FHA|USDA|VA) 1 $155,000 $155,000 $1,718 2.38%
    Bedford, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.99%
    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%
    Detroit-Warren-Dearborn, 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%
    Winfield, KS (FHA|USDA|VA) 1 $125,000 $125,000 $1,507 4.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $125,000 $125,000 $2,779 2.63%
    Van Wert, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,638 2.63%
    Lake City, FL (FHA|USDA|VA) 1 $115,000 $115,000 $1,573 2.75%
    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%
    Fremont, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,364 3.25%
    Middlesborough, KY (FHA|USDA|VA) 1 $55,000 $55,000 $2,259 2.88%
    Thrive Mortgage's top markets include Dallas, Austin, Houston, San Antonio, and Denver among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • 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.

    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 76
    Bossier Federal Credit Union
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    GOLDEN PLAINS
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    American National Bank & Trust
    Similarity Rank: 132
    SKYWARD
    Similarity Rank: 189
    Lone Star National Bank
    Similarity Rank: 297
    Wichita Federal Credit Union
    Similarity Rank: 340
    Chaffey Federal Credit Union
    Similarity Rank: 345
    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 372
    TRISTAR FINANCE, INC.
    Similarity Rank: 378

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,979 $1,579,525,000 $264,179 $4,714 3.13%
    FHA 1,617 $347,995,000 $215,210 $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%
    FHA 51 $6,755,000 $132,451 $0 3.37%
    Reverse Mortgage 1 $195,000 $195,000 $0 3.32%

    For 2020, Thrive Mortgage's most frequently originated type of loan was Conventional, with 5,979 originations. Their 2nd most popular type was FHA, with 1,617 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2020, Thrive Mortgage's most frequently cited loan purpose was Home Purchase, with 5,099 originations. The 2nd most popular reason was 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 2020, Thrive Mortgage's most frequently cited loan duration was 30 Year, with 7,660 originations. The 2nd most popular length was 15 Year, with 510 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,814 $932,630,000 $244,528
    $<1k 2,088 $485,910,000 $232,716
    $2k-3k 920 $228,400,000 $248,261
    $3k-4k 626 $169,830,000 $271,294
    $5k+ 604 $242,830,000 $402,036
    $4k-5k 428 $130,740,000 $305,467

    Thrive Mortgage's average total fees were $5,561, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.17%, while their most frequently originated rate bucket for loans was 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 or Islander 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 applications
    97.83%

    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 origination
    69.63%

    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%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    THRIVE MORTGAGE, LLC Conventional home mortgage Closing on a mortgage 2 28.6%
    THRIVE MORTGAGE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 42.9%
    THRIVE MORTGAGE, LLC FHA mortgage Closing on a mortgage 1 14.3%
    THRIVE MORTGAGE, LLC Other type of mortgage Closing on a mortgage 1 14.3%