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 Home Purchase loans. F&b Acquisition Group 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: St. Louis, Orlando, Deltona, Denver, and Riverside among others. We have data for 21 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. They have a below average pick rate when compared to similar 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 11/22/24 |
| 30 Year Conventional Refi | 6.22% | 11/22/24 |
| 30 Year Cash-out Refi | 6.38% | 11/22/24 |
| 30 Year FHA Purchase | 7.18% | 11/22/24 |
| 30 Year VA Purchase | 6.05% | 11/22/24 |
| 30 Year VA Refi | 6.06% | 11/22/24 |
| 30 Year USDA Purchase | 6.73% | 11/22/24 |
| 15 Year Conventional Purchase | 5.89% | 11/22/24 |
| 15 Year Conventional Refi | 5.87% | 11/22/24 |
| 15 Year Cash-out Refi | 5.87% | 11/22/24 |
| 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. | ||
F&b Acquisition Group Mortgage Calculator
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This is not an official calculator from F&b Acquisition Group. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
972Origination Dollar Volume (All Markets)
$216,170,000Top 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) | 905 | $196,055,000 | $216,635 | $3,701 | 4.78% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 20 | $7,820,000 | $391,000 | $4,761 | 4.87% |
| Outside of Metro Areas | 18 | $3,890,000 | $216,111 | $4,034 | 4.84% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $6,007 | 4.54% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $2,880 | 4.96% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $2,824 | 4.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $11,437 | 4.31% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $7,234 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,754 | 5.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,897 | 4.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,874 | 4.50% |
| NAPA, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 4.75% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,478 | 5.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,588 | 6.35% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,358 | 4.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,070 | 4.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,387 | 5.00% |
| Farmington, MO (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,155 | 5.19% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,808 | 4.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,896 | 4.75% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,280 | 4.75% |
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 2018, F&b Acquisition Group's most frequently originated type of loan was Conventional, with 812 originations. Their 2nd most popular type was FHA, with 118 originations.
Loan Reason
For 2018, F&b Acquisition Group's most frequently cited loan purpose was Home Purchase, with 814 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.
Loan Duration/Length
For 2018, F&b Acquisition Group's most frequently cited loan duration was 30 Year, with 880 originations. The 2nd most popular length was 15 Year, with 55 originations.
Origination Fees/Closing Costs
F&b Acquisition Group's average total fees were $3,866, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 656 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 694 | $162,060,000 | $233,516 |
| 5-6% | 209 | $38,465,000 | $184,043 |
| 3-4% | 56 | $13,250,000 | $236,607 |
| 6-7% | 9 | $1,255,000 | $139,444 |
| 7-8% | 3 | $915,000 | $305,000 |
During 2018, F&b Acquisition Group's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 694 originations.
Loan Sizing
2018 saw F&b Acquisition Group place emphasis on $100k-200k loans with 444 originations, totaling $66,670,000 in origination value.
Applicant Income
F&b Acquisition Group lent most frequently to those with incomes in the $50k-75k range, with 233 originations. The second most popular income band? $100k-150k, with 209 originations.
Applicant Debt to Income Ratio
F&b Acquisition Group lent most frequently to those with DTI ratios of 20-30%, with 216 originations. The next most common DTI ratio? 30-36%, with 194 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.65%
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 origination80.66%
F&b Acquisition Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 972 | $216,170,000 | $222,397 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 972 | $216,170,000 | $222,397 |