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 and Refi 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, Kansas City, Chicago, and Fort Collins among others. We have data for 30 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,625Origination Dollar Volume (All Markets)
$407,955,000Awards
F&B Acquisition Group - 2021
F&B Acquisition Group is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 1,537 | $382,725,000 | $249,008 | $2,847 | 3.02% |
| Outside of Metro Areas | 23 | $4,675,000 | $203,261 | $2,467 | 2.89% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $4,540,000 | $378,333 | $4,156 | 3.06% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 6 | $1,890,000 | $315,000 | $2,514 | 2.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $5,736 | 3.05% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $2,811 | 3.21% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,512 | 3.08% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $3,199 | 3.31% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $4,971 | 2.50% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $3,447 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $3,181 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $5,771 | 3.08% |
| Rolla, MO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,681 | 3.13% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,183 | 2.88% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,969 | 2.75% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,061 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,821 | 2.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,268 | 2.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,476 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,751 | 3.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,291 | 3.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,606 | 3.13% |
| Branson, MO (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,479 | 3.31% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,952 | 3.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,094 | 2.63% |
| Farmington, MO (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,903 | 3.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $994 | 2.38% |
| Effingham, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,547 | 2.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,677 | 2.75% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,974 | 3.38% |
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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 2021, F&b Acquisition Group's most frequently originated type of loan was Conventional, with 1,526 originations. Their 2nd most popular type was FHA, with 68 originations.
Loan Reason
For 2021, F&b Acquisition Group's most frequently cited loan purpose was Home Purchase, with 743 originations. The 2nd most popular reason was Refi, with 647 originations.
Loan Duration/Length
For 2021, F&b Acquisition Group's most frequently cited loan duration was 30 Year, with 1,279 originations. The 2nd most popular length was 15 Year, with 180 originations.
Origination Fees/Closing Costs
F&b Acquisition Group's average total fees were $3,082, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 753 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 822 | $216,080,000 | $262,871 |
| 3-4% | 648 | $151,150,000 | $233,256 |
| <2.5% | 134 | $36,370,000 | $271,418 |
| 4-5% | 21 | $4,355,000 | $207,381 |
During 2021, F&b Acquisition Group's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 822 originations.
Loan Sizing
2021 saw F&b Acquisition Group place emphasis on $200k-400k loans with 767 originations, totaling $210,825,000 in origination value.
Applicant Income
F&b Acquisition Group lent most frequently to those with incomes in the $100k-150k range, with 421 originations. The second most popular income band? $50k-75k, with 349 originations.
Applicant Debt to Income Ratio
F&b Acquisition Group lent most frequently to those with DTI ratios of 20-30%, with 497 originations. The next most common DTI ratio? 30-36%, with 352 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.95%
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 origination89.72%
F&b Acquisition Group has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,625 | $407,955,000 | $251,049 |