F&b Acquisition Group Mortgage Rates, Fees & InfoSaint Louis, MO
Tax ID: 20-4514405
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewF&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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|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.|
Origination Dollar Volume (All Markets)$147,130,000
F&b Acquisition Group's average 30 year fixed mortgage rate was
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.
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%|
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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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||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||51||$11,085,000||$217,353||$2,722||4.65%|
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.
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
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
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.
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.
2022 saw F&b Acquisition Group place emphasis on $200k-400k loans with 281 originations, totaling $78,665,000 in origination value.
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.
Approval RatesTotal approvals of all applications
F&b Acquisition Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Points and Fees
|Points||Originations||Total Value||Average Loan|