F&b Acquisition Group Mortgage Rates, Fees & Info

Saint Louis, MO

LEI: 549300VSL5DFXBM1II56

Tax ID: 20-4514405

5 stars - out of 5 stars, based on 40 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

F&b Acquisition Group is a smaller mortgage company specializing in Home Purchase and Refi loans. F&b Acquisition Group has a high proportion of conventional 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. Their top markets include St. Louis, Orlando, Kansas City, Chicago, and Fort Collins among others. F&b Acquisition Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. F&b Acquisition Group is typically a low fee lendor.


Originations

1,625

Origination Dollar Volume (All Markets)

$407,955,000

Awards

F&B Acquisition Group  30 Year Conventional Loans bronze F&B Acquisition Group  30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

F&b Acquisition Group 's average 30 year fixed rate mortgage of loans were 3.1%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.05%.

Relative Fees

F&b Acquisition Group 's average total fees for a 30 year fixed rate mortgage are $3,082.

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 $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ST. LOUIS, MO-IL (FHA|USDA|VA) 1,537 $382,725,000 $249,008 $2,847 3.02%
Outside of Metro Areas 23 $4,675,000 $203,261 $2,467 2.89%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $4,540,000 $378,333 $4,156 3.06%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,890,000 $315,000 $2,514 2.94%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,785,000 $357,000 $5,736 3.05%
FORT COLLINS, CO (FHA|USDA|VA) 3 $1,095,000 $365,000 $2,811 3.21%
THE VILLAGES, FL (FHA|USDA|VA) 3 $915,000 $305,000 $4,512 3.08%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $890,000 $445,000 $3,199 3.31%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $870,000 $435,000 $4,971 2.50%
Breckenridge, CO (FHA|USDA|VA) 1 $825,000 $825,000 $3,447 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $775,000 $258,333 $3,181 3.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $685,000 $228,333 $5,771 3.08%
Rolla, MO (FHA|USDA|VA) 2 $580,000 $290,000 $2,681 3.13%
GREELEY, CO (FHA|USDA|VA) 2 $580,000 $290,000 $3,183 2.88%
BOULDER, CO (FHA|USDA|VA) 1 $525,000 $525,000 $2,969 2.75%
CARBONDALE-MARION, IL (FHA|USDA|VA) 2 $510,000 $255,000 $3,061 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $485,000 $485,000 $4,821 2.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $425,000 $425,000 $3,268 2.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $410,000 $205,000 $2,476 2.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,751 3.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $335,000 $335,000 $3,291 3.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $3,606 3.13%
Branson, MO (FHA|USDA|VA) 2 $300,000 $150,000 $2,479 3.31%
COLUMBIA, MO (FHA|USDA|VA) 2 $290,000 $145,000 $1,952 3.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $255,000 $255,000 $3,094 2.63%
Farmington, MO (FHA|USDA|VA) 2 $210,000 $105,000 $2,903 3.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $994 2.38%
Effingham, IL (FHA|USDA|VA) 1 $175,000 $175,000 $1,547 2.88%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $155,000 $155,000 $2,677 2.75%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $135,000 $135,000 $1,974 3.38%

F&b Acquisition Group 's top markets include St. Louis, Orlando, Kansas City, Chicago, and Fort Collins among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,526 $383,740,000 $251,468 $2,618 3.02%
FHA 68 $16,080,000 $236,471 $7,302 3.08%
VA 29 $7,925,000 $273,276 $5,717 2.70%
USDA 2 $210,000 $105,000 $3,300 3.00%

For the 2021 period, F&b Acquisition Group 's most frequently originated loan type of loans were Conventional, with 1,526 originations. Their 2nd most popular type is FHA, with 68 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 743 $194,665,000 $261,999 $3,713 3.09%
Refi 647 $156,825,000 $242,388 $2,110 2.91%
Cash Out Refi 235 $56,465,000 $240,277 $2,301 3.09%

For the 2021, F&b Acquisition Group 's most frequently cited loan purpose of loans were Home Purchase, with 743 originations. The 2nd most popular reason of loans were Refi, with 647 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,279 $331,835,000 $259,449 $3,082 3.10%
15 Year 180 $39,220,000 $217,889 $2,125 2.57%
Other 74 $16,770,000 $226,622 $1,976 3.01%
20 Year 67 $14,785,000 $220,672 $2,053 2.93%
10 Year 25 $5,345,000 $213,800 $2,236 2.50%

For the 2021, F&b Acquisition Group 's most frequently cited loan length of loans were 30 Year, with 1,279 originations. The 2nd most popular length of loans were 15 Year, with 180 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 753 $193,615,000 $257,125
$1k-2k 724 $173,740,000 $239,972
$2k-3k 71 $17,505,000 $246,549
$3k-4k 38 $11,830,000 $311,316
$5k+ 8 $3,720,000 $465,000

$3,082 of loans were F&b Acquisition Group 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 753 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 822 $216,080,000 $262,871
3-4% 648 $151,150,000 $233,256
<2.5% 134 $36,370,000 $271,418
4-5% 21 $4,355,000 $207,381

During 2021, F&b Acquisition Group 's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 2.5-3%, with 822 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 767 $210,825,000 $274,870 $3,014 3.02%
$100k-200k 593 $92,975,000 $156,788 $2,567 3.05%
$400k-600k 183 $87,505,000 $478,169 $3,341 2.87%
$100,000 or less 68 $5,680,000 $83,529 $2,186 3.11%
$600k-1MM 14 $10,970,000 $783,571 $5,041 3.10%

2021 saw F&b Acquisition Group place emphasis on $200k-400k loans with 767 originations, totaling $210,825,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 421 $112,365,000 $266,900 $2,795 3.03%
$50k-75k 349 $66,415,000 $190,301 $2,936 3.06%
$75k-100k 313 $71,505,000 $228,450 $3,015 3.03%
$150k-250k 279 $92,455,000 $331,380 $2,686 2.94%
$50k or less 174 $26,650,000 $153,161 $2,787 3.02%
$250k+ 89 $38,565,000 $433,315 $3,207 2.96%

F&b Acquisition Group lent most frequently to those with incomes in the $100k-150k range, with 421 originations. The second most popular income band? $50k-75k, with 349 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 497 $127,475,000 $256,489 $2,714 2.97%
30-36% 352 $90,180,000 $256,193 $2,913 3.06%
<20% 238 $59,180,000 $248,655 $2,512 2.87%
36% 55 $12,825,000 $233,182 $2,633 3.13%
42% 53 $11,225,000 $211,792 $2,902 3.10%
38% 50 $14,070,000 $281,400 $3,080 3.13%
37% 48 $10,790,000 $224,792 $2,818 3.15%
39% 45 $11,855,000 $263,444 $2,809 3.05%
41% 43 $10,155,000 $236,163 $2,792 3.15%
44% 40 $9,840,000 $246,000 $3,594 3.07%
40% 36 $7,470,000 $207,500 $2,553 3.13%
43% 32 $7,240,000 $226,250 $3,153 3.14%
46% 25 $7,185,000 $287,400 $2,782 2.94%
47% 25 $7,335,000 $293,400 $4,258 3.05%
45% 24 $6,380,000 $265,833 $3,817 3.05%
49% 23 $5,085,000 $221,087 $3,962 3.15%
50-60% 17 $3,785,000 $222,647 $6,153 3.13%
48% 15 $3,885,000 $259,000 $2,370 3.01%
>60% 7 $1,995,000 $285,000 $3,266 2.68%

F&b Acquisition Group lent most frequently to those with DTI ratios of 20-30%, with 497 originations. The next most common DTI ratio? 30-36%, with 352 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,396 $349,550,000 $250,394 $2,840 3.02%
Not provided 157 $40,345,000 $256,975 $2,774 3.01%
Asian 27 $7,725,000 $286,111 $3,224 2.94%
Black 33 $6,895,000 $208,939 $4,362 3.12%
American Indian 5 $1,395,000 $279,000 $2,467 2.88%
Other Asian 3 $805,000 $268,333 $2,523 3.04%
Filipino 1 $395,000 $395,000 $3,071 3.25%
Asian Indian 1 $355,000 $355,000 $1,909 2.88%
Native Hawaiian 1 $295,000 $295,000 $2,305 2.88%
Chinese 1 $195,000 $195,000 $5,690 3.63%

Approval Rates

Total approvals of all applications
98.14%

F&b Acquisition Group 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
87.17%

F&b Acquisition Group has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,625 $407,955,000 $251,049

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,625 $407,955,000 $251,049

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 46 $7,820,000 $170,000 $2,143 2.77%
40-60% 243 $58,145,000 $239,280 $2,141 2.81%
60-80% 681 $172,585,000 $253,429 $2,452 3.07%
80-100% 642 $166,740,000 $259,720 $3,555 3.07%
Over 100% 9 $2,305,000 $256,111 $9,593 2.67%
Under 20% 4 $360,000 $90,000 $1,814 2.94%