F&b Acquisition Group Mortgage Rates, Fees & Info

Saint Louis, MO

LEI: 549300VSL5DFXBM1II56

Tax ID: 20-4514405

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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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    Originations

    972

    Origination Dollar Volume (All Markets)

    $216,170,000

    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) 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%
    F&b Acquisition Group's top markets include St. Louis, Orlando, Deltona, Denver, and Riverside among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • 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.

    McCoy Federal Credit Union
    Similarity Rank: 60
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Community Bank of Trenton
    Similarity Rank: 108
    First National Bank of Waterloo
    Similarity Rank: 200
    RELIANCE BANK
    Similarity Rank: 238
    CapGrow Home Mortgage, LLC
    Similarity Rank: 272
    BankPlus
    Similarity Rank: 336
    JERSEY STATE BANK
    Similarity Rank: 354
    Farmers and Merchants Bank of St. Clair
    Similarity Rank: 408
    United Bank of Union
    Similarity Rank: 415

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 812 $187,170,000 $230,505 $3,346 4.78%
    FHA 118 $20,270,000 $171,780 $5,969 4.85%
    VA 36 $7,680,000 $213,333 $6,375 4.57%
    USDA 4 $790,000 $197,500 $5,107 4.81%
    FHA 2 $260,000 $130,000 $0 5.50%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 814 $181,390,000 $222,838 $3,944 4.78%
    Cash Out Refi 89 $17,115,000 $192,303 $2,720 4.91%
    Refi 69 $17,665,000 $256,014 $2,694 4.63%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 880 $196,830,000 $223,670 $3,866 4.81%
    15 Year 55 $11,765,000 $213,909 $2,878 4.28%
    20 Year 23 $5,035,000 $218,913 $2,560 4.64%
    Other 10 $1,970,000 $197,000 $3,906 6.03%
    10 Year 4 $570,000 $142,500 $2,085 4.53%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 656 $149,420,000 $227,774
    $1k-2k 179 $34,145,000 $190,754
    $2k-3k 64 $15,500,000 $242,188
    $3k-4k 26 $4,860,000 $186,923
    $4k-5k 9 $2,615,000 $290,556
    $5k+ 7 $3,055,000 $436,429

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 444 $66,670,000 $150,158 $3,468 4.82%
    $200k-400k 372 $99,050,000 $266,263 $4,215 4.71%
    $100,000 or less 72 $5,600,000 $77,778 $2,866 5.07%
    $400k-600k 70 $31,940,000 $456,286 $3,795 4.63%
    $600k-1MM 10 $7,410,000 $741,000 $6,726 4.79%
    $1MM+ 4 $5,500,000 $1,375,000 $4,282 4.38%

    2018 saw F&b Acquisition Group place emphasis on $100k-200k loans with 444 originations, totaling $66,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 233 $40,835,000 $175,258 $3,861 4.73%
    $100k-150k 209 $51,615,000 $246,962 $3,603 4.79%
    $75k-100k 179 $36,635,000 $204,665 $3,785 4.79%
    $50k or less 169 $22,545,000 $133,402 $3,625 4.82%
    $150k-250k 133 $41,135,000 $309,286 $3,939 4.76%
    $250k+ 49 $23,405,000 $477,653 $3,963 4.90%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 216 $48,280,000 $223,519 $3,496 4.70%
    30-36% 194 $44,370,000 $228,711 $3,432 4.79%
    <20% 86 $20,030,000 $232,907 $3,233 4.69%
    42% 40 $9,420,000 $235,500 $3,566 4.82%
    43% 40 $9,610,000 $240,250 $4,474 4.89%
    38% 39 $8,615,000 $220,897 $3,869 4.72%
    37% 39 $7,895,000 $202,436 $3,378 4.79%
    50-60% 38 $7,070,000 $186,053 $5,630 4.76%
    41% 38 $8,010,000 $210,789 $3,989 4.83%
    39% 37 $7,775,000 $210,135 $3,594 4.92%
    40% 31 $7,295,000 $235,323 $4,362 4.77%
    44% 29 $6,325,000 $218,103 $4,468 4.87%
    48% 29 $6,835,000 $235,690 $4,789 4.83%
    45% 28 $5,940,000 $212,143 $3,556 4.94%
    49% 26 $5,230,000 $201,154 $4,048 4.97%
    36% 24 $5,380,000 $224,167 $3,937 4.80%
    47% 21 $4,505,000 $214,524 $3,895 4.73%
    46% 14 $3,150,000 $225,000 $5,106 4.88%
    >60% 1 $175,000 $175,000 $7,111 6.95%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 834 $184,930,000 $221,739 $3,739 4.77%
    Not provided 94 $23,040,000 $245,106 $3,787 4.81%
    Black 26 $4,420,000 $170,000 $3,962 4.97%
    Asian 15 $3,105,000 $207,000 $5,007 4.90%
    American Indian 2 $410,000 $205,000 $2,542 4.38%
    Not applicable 1 $265,000 $265,000 $2,690 5.25%

    Approval Rates

    Total approvals of all applications
    98.65%

    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 origination
    80.66%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $2,055,000 $186,818 $3,748 4.40%
    40-60% 37 $7,365,000 $199,054 $2,670 4.50%
    60-80% 297 $64,385,000 $216,785 $3,162 4.81%
    80-100% 615 $140,505,000 $228,463 $4,114 4.77%
    Over 100% 6 $1,230,000 $205,000 $6,030 5.44%
    Under 20% 3 $255,000 $85,000 $1,983 6.65%