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 and Refi 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. Their top markets by origination volume include: St. Louis, Orlando, Riverside, Kansas City, and San Francisco among others. We have data for 24 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    1,261

    Origination Dollar Volume (All Markets)

    $306,175,000

    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) 1,178 $280,790,000 $238,362 $3,297 4.20%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 23 $7,245,000 $315,000 $4,987 4.48%
    Outside of Metro Areas 19 $4,545,000 $239,211 $3,765 4.36%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,830,000 $457,500 $3,581 3.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,570,000 $261,667 $3,135 4.13%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,260,000 $630,000 $2,749 4.81%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,185,000 $395,000 $4,995 3.92%
    BOULDER, CO (FHA|USDA|VA) 2 $1,060,000 $530,000 $2,902 4.13%
    COLUMBIA, MO (FHA|USDA|VA) 3 $955,000 $318,333 $4,244 4.25%
    GREELEY, CO (FHA|USDA|VA) 3 $725,000 $241,667 $3,921 4.17%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $700,000 $350,000 $3,665 4.38%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $690,000 $345,000 $2,569 3.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $510,000 $255,000 $6,397 4.44%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,149 4.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $475,000 $475,000 $5,042 3.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $455,000 $455,000 $4,094 4.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $420,000 $210,000 $3,144 3.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,826 4.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $215,000 $215,000 $6,490 4.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $205,000 $205,000 $7,421 4.13%
    Effingham, IL (FHA|USDA|VA) 1 $175,000 $175,000 $1,994 4.00%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $135,000 $135,000 $2,684 5.25%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $2,236 4.38%
    Quincy, IL-MO (FHA|USDA|VA) 1 $125,000 $125,000 $4,464 4.38%
    F&b Acquisition Group's top markets include St. Louis, Orlando, Riverside, Kansas City, and San Francisco among others.

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

    WEST COMMUNITY
    Similarity Rank: 190
    United Bank of Union
    Similarity Rank: 275
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 302
    McCoy Federal Credit Union
    Similarity Rank: 342
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 396
    Dieterich Bank
    Similarity Rank: 442
    CapGrow Home Mortgage, LLC
    Similarity Rank: 450
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 490
    ALLTRU Federal Credit Union
    Similarity Rank: 780
    TrustCo Bank
    Similarity Rank: 780

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,113 $276,335,000 $248,279 $2,971 4.20%
    FHA 100 $16,730,000 $167,300 $6,403 4.45%
    VA 45 $12,745,000 $283,222 $5,955 3.80%
    HELOC 2 $240,000 $120,000 n/a 6.45%
    USDA 1 $125,000 $125,000 $4,460 4.75%

    For 2019, F&b Acquisition Group's most frequently originated type of loan was Conventional, with 1,113 originations. Their 2nd most popular type was FHA, with 100 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 761 $168,695,000 $221,675 $3,955 4.28%
    Refi 364 $105,930,000 $291,016 $2,401 3.99%
    Cash Out Refi 136 $31,550,000 $231,985 $2,582 4.35%

    For 2019, F&b Acquisition Group's most frequently cited loan purpose was Home Purchase, with 761 originations. The 2nd most popular reason was Refi, with 364 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,094 $262,780,000 $240,201 $3,445 4.24%
    15 Year 99 $24,115,000 $243,586 $2,524 3.63%
    20 Year 32 $7,500,000 $234,375 $2,197 3.95%
    Other 29 $10,025,000 $345,690 $4,391 5.50%
    10 Year 7 $1,755,000 $250,714 $2,185 3.71%

    For 2019, F&b Acquisition Group's most frequently cited loan duration was 30 Year, with 1,094 originations. The 2nd most popular length was 15 Year, with 99 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 816 $203,110,000 $248,909
    $1k-2k 279 $61,375,000 $219,982
    $2k-3k 97 $21,165,000 $218,196
    $3k-4k 25 $5,775,000 $231,000
    $4k-5k 11 $2,985,000 $271,364
    $5k+ 11 $6,485,000 $589,545

    F&b Acquisition Group's average total fees were $3,445, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 816 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 626 $159,020,000 $254,026
    4-5% 535 $124,555,000 $232,813
    5-6% 78 $14,410,000 $184,744
    7-8% 10 $4,240,000 $424,000
    6-7% 8 $2,660,000 $332,500
    2.5-3% 3 $1,205,000 $401,667
    Over 8% 1 $85,000 $85,000

    During 2019, F&b Acquisition Group's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 3-4%, with 626 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 526 $143,650,000 $273,099 $3,442 4.12%
    $100k-200k 498 $75,630,000 $151,867 $3,188 4.26%
    $400k-600k 131 $60,185,000 $459,427 $3,533 3.99%
    $100,000 or less 80 $6,190,000 $77,375 $2,945 4.59%
    $600k-1MM 23 $17,015,000 $739,783 $4,400 4.53%
    $1MM+ 3 $3,505,000 $1,168,333 $10,659 5.82%

    2019 saw F&b Acquisition Group place emphasis on $200k-400k loans with 526 originations, totaling $143,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 288 $76,090,000 $264,201 $3,430 4.20%
    $50k-75k 269 $48,315,000 $179,610 $3,388 4.21%
    $75k-100k 233 $50,545,000 $216,931 $3,239 4.22%
    $50k or less 212 $31,030,000 $146,368 $3,295 4.24%
    $150k-250k 200 $69,610,000 $348,050 $3,218 4.14%
    $250k+ 59 $30,585,000 $518,390 $3,967 4.29%

    F&b Acquisition Group lent most frequently to those with incomes in the $100k-150k range, with 288 originations. The second most popular income band? $50k-75k, with 269 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 326 $80,620,000 $247,301 $3,135 4.14%
    30-36% 227 $54,275,000 $239,097 $3,469 4.20%
    <20% 139 $35,305,000 $253,993 $2,717 4.05%
    40% 50 $13,040,000 $260,800 $3,831 4.19%
    36% 49 $10,095,000 $206,020 $3,516 4.32%
    39% 48 $12,010,000 $250,208 $3,399 4.27%
    43% 44 $12,160,000 $276,364 $4,002 4.21%
    38% 44 $12,980,000 $295,000 $3,482 4.20%
    37% 39 $8,965,000 $229,872 $2,809 4.11%
    42% 38 $8,640,000 $227,368 $3,814 4.19%
    44% 38 $8,120,000 $213,684 $3,654 4.35%
    41% 37 $8,135,000 $219,865 $3,050 4.46%
    45% 32 $7,420,000 $231,875 $3,267 4.29%
    46% 30 $6,710,000 $223,667 $3,031 4.30%
    48% 27 $6,705,000 $248,333 $2,879 4.13%
    50-60% 25 $4,975,000 $199,000 $5,962 4.56%
    47% 25 $4,795,000 $191,800 $3,258 4.26%
    49% 24 $5,020,000 $209,167 $3,894 4.53%
    >60% 19 $6,205,000 $326,579 $4,518 4.55%

    F&b Acquisition Group lent most frequently to those with DTI ratios of 20-30%, with 326 originations. The next most common DTI ratio? 30-36%, with 227 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,001 $244,505,000 $244,261 $3,350 4.19%
    Not provided 189 $46,915,000 $248,228 $3,186 4.24%
    Black 37 $6,795,000 $183,649 $4,226 4.41%
    Not applicable 13 $3,735,000 $287,308 $3,408 4.55%
    Asian 17 $3,565,000 $209,706 $3,205 4.25%
    American Indian 3 $535,000 $178,333 $5,311 3.92%
    Asian Indian 1 $125,000 $125,000 $3,014 4.13%

    Approval Rates

    Total approvals of all applications
    97.82%

    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
    86.44%

    F&b Acquisition Group has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,261 $306,175,000 $242,803

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $375,000 $375,000
    Single Family (1-4 Units):Site-Built 1,260 $305,800,000 $242,698

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $2,445,000 $128,684 $2,436 3.97%
    40-60% 73 $18,795,000 $257,466 $2,443 4.02%
    60-80% 451 $118,915,000 $263,670 $2,641 4.18%
    80-100% 706 $163,660,000 $231,813 $3,879 4.24%
    Over 100% 8 $2,160,000 $270,000 $6,994 4.70%
    Under 20% 4 $200,000 $50,000 $4,667 5.02%