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
  • Complaints
  • 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 Refi and Home Purchase loans. F&b Acquisition Group has a high proportion of conventional 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, Orlando, Memphis, Chicago, and Riverside among others. We have data for 31 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

    2,177

    Origination Dollar Volume (All Markets)

    $532,925,000
    Show all (5) awards

    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) 2,023 $494,295,000 $244,338 $2,689 3.18%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 18 $6,340,000 $352,222 $4,099 3.38%
    Outside of Metro Areas 28 $6,150,000 $219,643 $2,409 3.16%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 40 $3,460,000 $86,500 $3,112 4.62%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $2,285,000 $457,000 $3,792 3.38%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $2,150,000 $358,333 $4,279 3.38%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $1,990,000 $248,750 $2,615 3.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,835,000 $367,000 $5,054 3.50%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,675,000 $335,000 $2,582 3.25%
    BOULDER, CO (FHA|USDA|VA) 4 $1,570,000 $392,500 $1,957 2.91%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,435,000 $478,333 $4,293 3.33%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,020,000 $510,000 $5,928 3.19%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $995,000 $331,667 $3,604 2.92%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $855,000 $285,000 $7,368 3.04%
    Rolla, MO (FHA|USDA|VA) 2 $710,000 $355,000 $2,277 3.38%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $690,000 $345,000 $4,010 3.13%
    COLUMBIA, MO (FHA|USDA|VA) 2 $590,000 $295,000 $5,200 2.94%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $2,444 3.13%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $515,000 $515,000 $0 2.63%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $490,000 $245,000 $2,892 3.50%
    West Plains, MO (FHA|USDA|VA) 1 $485,000 $485,000 $2,001 2.88%
    Farmington, MO (FHA|USDA|VA) 2 $440,000 $220,000 $3,400 3.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $440,000 $220,000 $2,912 2.94%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $370,000 $185,000 $2,965 3.13%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $335,000 $335,000 $3,614 2.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $325,000 $325,000 $5,238 3.63%
    Hannibal, MO (FHA|USDA|VA) 1 $265,000 $265,000 $2,487 2.50%
    LAWRENCE, KS (FHA|USDA|VA) 1 $265,000 $265,000 $2,623 2.25%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $2,621 4.00%
    WICHITA, KS (FHA|USDA|VA) 1 $175,000 $175,000 $7,162 3.50%
    Quincy, IL-MO (FHA|USDA|VA) 1 $85,000 $85,000 $1,801 2.63%
    F&b Acquisition Group's top markets include St. Louis, Orlando, Memphis, Chicago, and Riverside among others.

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

    HNB National Bank
    Similarity Rank: 165
    United Bank of Union
    Similarity Rank: 245
    CapGrow Home Mortgage, LLC
    Similarity Rank: 352
    Prairie State Bank and Trust
    Similarity Rank: 360
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 428
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 770
    THE MONEY HOUSE INC.
    Similarity Rank: 946
    Financial Federal Bank
    Similarity Rank: 1053
    Credence Funding Corporation
    Similarity Rank: 1080
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 1090

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,044 $502,940,000 $246,057 $2,537 3.23%
    FHA 80 $16,180,000 $202,250 $6,331 3.14%
    VA 52 $13,710,000 $263,654 $4,672 2.85%
    USDA 1 $95,000 $95,000 $3,346 3.88%

    For 2020, F&b Acquisition Group's most frequently originated type of loan was Conventional, with 2,044 originations. Their 2nd most popular type was FHA, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,142 $291,720,000 $255,447 $2,189 3.12%
    Home Purchase 838 $193,630,000 $231,062 $3,496 3.29%
    Cash Out Refi 197 $47,575,000 $241,497 $2,640 3.43%

    For 2020, F&b Acquisition Group's most frequently cited loan purpose was Refi, with 1,142 originations. The 2nd most popular reason was Home Purchase, with 838 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,664 $410,240,000 $246,538 $2,902 3.28%
    15 Year 278 $64,270,000 $231,187 $2,220 2.84%
    Other 110 $26,350,000 $239,545 $2,223 3.19%
    20 Year 106 $27,920,000 $263,396 $2,061 3.20%
    10 Year 19 $4,145,000 $218,158 $2,134 2.84%

    For 2020, F&b Acquisition Group's most frequently cited loan duration was 30 Year, with 1,664 originations. The 2nd most popular length was 15 Year, with 278 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,023 $246,295,000 $240,758
    $1k-2k 998 $242,280,000 $242,766
    $2k-3k 95 $23,975,000 $252,368
    $3k-4k 37 $11,235,000 $303,649
    $4k-5k 12 $3,900,000 $325,000
    $5k+ 12 $5,240,000 $436,667

    F&b Acquisition Group's average total fees were $2,902, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,023 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,038 $257,620,000 $248,189
    2.5-3% 905 $223,455,000 $246,912
    4-5% 122 $20,600,000 $168,852
    <2.5% 105 $29,895,000 $284,714
    5-6% 5 $725,000 $145,000
    6-7% 1 $85,000 $85,000
    7-8% 1 $545,000 $545,000

    During 2020, F&b Acquisition Group's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 1,038 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,060 $293,320,000 $276,717 $2,787 3.18%
    $100k-200k 767 $119,605,000 $155,939 $2,545 3.21%
    $400k-600k 220 $102,570,000 $466,227 $3,156 3.06%
    $100,000 or less 119 $9,405,000 $79,034 $2,592 3.77%
    $600k-1MM 11 $8,025,000 $729,545 $4,205 3.69%

    2020 saw F&b Acquisition Group place emphasis on $200k-400k loans with 1,060 originations, totaling $293,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 553 $139,865,000 $252,920 $2,686 3.25%
    $50k-75k 464 $87,190,000 $187,909 $2,717 3.21%
    $150k-250k 407 $128,765,000 $316,376 $2,727 3.21%
    $75k-100k 370 $81,140,000 $219,297 $2,750 3.26%
    $50k or less 228 $36,710,000 $161,009 $2,857 3.11%
    $250k+ 155 $59,255,000 $382,290 $2,777 3.17%

    F&b Acquisition Group lent most frequently to those with incomes in the $100k-150k range, with 553 originations. The second most popular income band? $50k-75k, with 464 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 711 $178,355,000 $250,851 $2,618 3.20%
    30-36% 404 $98,100,000 $242,822 $2,806 3.26%
    <20% 361 $90,895,000 $251,787 $2,400 3.08%
    40% 69 $16,635,000 $241,087 $2,899 3.28%
    38% 62 $14,210,000 $229,194 $2,805 3.23%
    39% 62 $13,990,000 $225,645 $2,709 3.34%
    36% 59 $13,165,000 $223,136 $2,854 3.25%
    37% 54 $12,500,000 $231,481 $2,659 3.31%
    41% 54 $14,930,000 $276,481 $3,398 3.36%
    43% 53 $12,235,000 $230,849 $2,875 3.24%
    42% 48 $11,350,000 $236,458 $3,097 3.18%
    44% 44 $10,910,000 $247,955 $2,783 3.34%
    45% 36 $7,230,000 $200,833 $2,900 3.50%
    47% 30 $7,290,000 $243,000 $2,817 3.25%
    46% 30 $6,570,000 $219,000 $3,046 3.24%
    49% 28 $7,500,000 $267,857 $3,499 3.29%
    48% 22 $4,760,000 $216,364 $3,169 3.41%
    50-60% 15 $2,635,000 $175,667 $4,903 3.28%

    F&b Acquisition Group lent most frequently to those with DTI ratios of 20-30%, with 711 originations. The next most common DTI ratio? 30-36%, with 404 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,800 $438,110,000 $243,394 $2,728 3.20%
    Not provided 303 $79,825,000 $263,449 $2,741 3.28%
    Black 38 $8,420,000 $221,579 $2,978 3.33%
    Asian 28 $5,050,000 $180,357 $2,918 3.31%
    American Indian 5 $925,000 $185,000 $2,363 3.40%
    Asian Indian 2 $470,000 $235,000 $2,824 3.44%
    Japanese 1 $125,000 $125,000 $3,536 3.38%

    Approval Rates

    Total approvals of all applications
    97.51%

    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
    88.61%

    F&b Acquisition Group has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,177 $532,925,000 $244,798

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $225,000 $225,000
    Single Family (1-4 Units):Site-Built 2,176 $532,700,000 $244,807

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $7,590,000 $180,714 $2,214 3.01%
    40-60% 282 $67,100,000 $237,943 $2,135 3.00%
    60-80% 1,003 $253,105,000 $252,348 $2,405 3.25%
    80-100% 841 $202,565,000 $240,862 $3,291 3.25%
    Over 100% 6 $2,140,000 $356,667 $9,566 3.55%
    Under 20% 2 $330,000 $165,000 $2,170 4.00%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    F&B Acquisition Group LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%