F&b Acquisition Group Mortgage Rates, Fees & Info
Saint Louis, MOLEI: 549300VSL5DFXBM1II56
Tax ID: 20-4514405
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Mortgage Data
Review & Overview
F&b Acquisition Group is a smaller mortgage company specializing in loans. F&b Acquisition Group 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. Their top markets by origination volume include: St. Louis, Tampa, Kansas City, Boulder, and Farmington among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)F&b Acquisition Group has an above average approval rate when compared to the average across all lenders. F&b Acquisition Group is typically a low 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 3/28/23 |
| 30 Year Conventional Refi | 6.22% | 3/28/23 |
| 30 Year Cash-out Refi | 6.38% | 3/28/23 |
| 30 Year FHA Purchase | 7.18% | 3/28/23 |
| 30 Year VA Purchase | 6.05% | 3/28/23 |
| 30 Year VA Refi | 6.06% | 3/28/23 |
| 30 Year USDA Purchase | 6.73% | 3/28/23 |
| 15 Year Conventional Purchase | 5.89% | 3/28/23 |
| 15 Year Conventional Refi | 5.87% | 3/28/23 |
| 15 Year Cash-out Refi | 5.87% | 3/28/23 |
| 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. | ||
Originations
552Origination Dollar Volume (All Markets)
$147,130,000Awards
F&B Acquisition Group - 2022
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For 2022, less than of lenders were eligible for this award.
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Relative Rate
F&b Acquisition Group's average 30 year fixed mortgage rate was
5.19%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.43%.
Relative Fees (Closing Costs)
F&b Acquisition Group's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,190.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 524 | $138,300,000 | $263,931 | $4,073 | 5.15% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $4,149 | 4.67% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $2,621 | 3.81% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $3,719 | 3.50% |
| Farmington, MO (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $6,169 | 6.71% |
| Outside of Metro Areas | 4 | $820,000 | $205,000 | $3,982 | 3.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $7,027 | 5.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,919 | 3.56% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,808 | 5.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,279 | 5.88% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,947 | 4.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,654 | 5.50% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,226 | 5.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,722 | 5.38% |
| Branson, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,954 | 5.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,470 | 3.25% |
| Mexico, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,642 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against F&B Acquisition Group 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 2022, F&b Acquisition Group's most frequently originated type of loan was Conventional, with 502 originations. Their 2nd most popular type was FHA, with 33 originations.
Loan Reason
For 2022, F&b Acquisition Group's most frequently cited loan purpose was Home Purchase, with 458 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.
Loan Duration/Length
For 2022, F&b Acquisition Group's most frequently cited loan duration was 30 Year, with 498 originations. The 2nd most popular length was 15 Year, with 24 originations.
Origination Fees/Closing Costs
F&b Acquisition Group's average total fees were $4,190, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 244 originations.
Interest Rates
During 2022, F&b Acquisition Group's average interest rate for loans was 5.19%, while their most frequently originated rate bucket for loans was 5-6%, with 199 originations.
Loan Sizing
2022 saw F&b Acquisition Group place emphasis on $200k-400k loans with 281 originations, totaling $78,665,000 in origination value.
Applicant Income
F&b Acquisition Group lent most frequently to those with incomes in the $100k-150k range, with 136 originations. The second most popular income band? $50k-75k, with 117 originations.
Applicant Debt to Income Ratio
F&b Acquisition Group lent most frequently to those with DTI ratios of 20-30%, with 153 originations. The next most common DTI ratio? 30-36%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 552 | $147,130,000 | $266,540 |