Telhio Mortgage Rates, Fees & Info
Columbus, OHLEI: 549300ZJK68X6PQU2308
Tax ID: 31-4154280
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Telhio is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Telhio has a high proportion of conventional loans. Their top markets include Columbus, Cincinnati, Crestview, Toledo, and Dayton among others. Telhio has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Telhio is typically a low fee lendor.Originations
1,254Origination Dollar Volume (All Markets)
$221,210,000Awards
TELHIO - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Telhio's average 30 year fixed rate mortgage of loans were
3.04%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.11%.
Relative Fees
Telhio's average total fees for a 30 year fixed rate
mortgage are $3,135.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 994 | $180,590,000 | $181,680 | $2,348 | 3.26% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 194 | $24,670,000 | $127,165 | $2,065 | 3.27% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $2,965,000 | $2,965,000 | $15,358 | 4.00% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $3,729 | 3.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 11 | $1,575,000 | $143,182 | $1,895 | 3.60% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $2,903 | 2.73% |
| Bellefontaine, OH (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $2,046 | 2.77% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $2,897 | 2.96% |
| Urbana, OH (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $1,750 | 4.05% |
| AKRON, OH (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,276 | 2.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,528 | 3.63% |
| Mount Vernon, OH (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $2,022 | 3.31% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,289 | 3.00% |
| Chillicothe, OH (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,309 | 2.75% |
| Outside of Metro Areas | 4 | $430,000 | $107,500 | $2,399 | 3.52% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,465 | 3.13% |
| Athens, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,357 | 2.13% |
| Sidney, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,830 | 2.75% |
| Marion, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,157 | 2.75% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,606 | 2.63% |
| MANSFIELD, OH (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $1,799 | 3.71% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,028 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,725 | 3.00% |
| Findlay, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,470 | 2.75% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,023 | 3.13% |
| Wapakoneta, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,301 | 4.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,790 | 2.88% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,856 | 2.88% |
| Ashland, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,604 | 2.63% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,094 | 2.38% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.25% |
Telhio's top markets include Columbus, Cincinnati, Crestview, Toledo, and Dayton among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,254 | $221,210,000 | $176,404 | $2,326 | 3.26% |
For the 2021 period, Telhio's most frequently originated loan type of loans were Conventional, with 1,254 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 407 | $77,785,000 | $191,118 | $2,811 | 3.01% |
| Refi | 346 | $65,710,000 | $189,913 | $2,521 | 2.79% |
| Home Purchase | 248 | $60,230,000 | $242,863 | $3,479 | 3.00% |
| Other | 152 | $11,740,000 | $77,237 | $149 | 4.55% |
| Home Improvement | 101 | $5,745,000 | $56,881 | $100 | 4.51% |
For the 2021, Telhio's most frequently cited loan purpose of loans were Cash Out Refi, with 407 originations. The 2nd most popular reason of loans were Refi, with 346 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 621 | $142,535,000 | $229,525 | $3,135 | 3.04% |
| 15 Year | 377 | $50,395,000 | $133,674 | $1,680 | 3.42% |
| 10 Year | 112 | $6,150,000 | $54,911 | $568 | 3.93% |
| 20 Year | 97 | $14,955,000 | $154,175 | $1,853 | 3.16% |
| Other | 31 | $6,775,000 | $218,548 | $2,763 | 2.96% |
| 5 Year | 16 | $400,000 | $25,000 | $235 | 4.12% |
For the 2021, Telhio's most frequently cited loan length of loans were 30 Year, with 621 originations. The 2nd most popular length of loans were 15 Year, with 377 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 938 | $162,160,000 | $172,878 |
| $1k-2k | 261 | $47,315,000 | $181,284 |
| $2k-3k | 32 | $6,860,000 | $214,375 |
| $3k-4k | 17 | $3,775,000 | $222,059 |
| $5k+ | 3 | $995,000 | $331,667 |
$3,135 of loans were Telhio's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 938 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 480 | $109,940,000 | $229,042 |
| 3-4% | 331 | $56,825,000 | $171,677 |
| <2.5% | 224 | $39,490,000 | $176,295 |
| 4-5% | 143 | $9,765,000 | $68,287 |
| 5-6% | 76 | $5,190,000 | $68,289 |
During 2021, Telhio's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 480 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 481 | $69,935,000 | $145,395 | $2,688 | 2.98% |
| $100,000 or less | 367 | $20,715,000 | $56,444 | $859 | 4.00% |
| $200k-400k | 346 | $92,830,000 | $268,295 | $3,077 | 2.92% |
| $400k-600k | 50 | $24,020,000 | $480,400 | $3,587 | 2.87% |
| $1MM+ | 6 | $10,610,000 | $1,768,333 | $7,773 | 2.94% |
| $600k-1MM | 4 | $3,100,000 | $775,000 | $3,398 | 2.88% |
2021 saw Telhio place emphasis on $100k-200k loans with 481 originations, totaling $69,935,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 283 | $53,205,000 | $188,004 | $2,282 | 3.31% |
| $50k-75k | 272 | $38,190,000 | $140,404 | $2,338 | 3.18% |
| $75k-100k | 242 | $36,520,000 | $150,909 | $2,204 | 3.30% |
| $50k or less | 204 | $23,190,000 | $113,676 | $2,363 | 3.13% |
| $150k-250k | 192 | $42,710,000 | $222,448 | $2,281 | 3.37% |
| $250k+ | 51 | $25,795,000 | $505,784 | $3,255 | 3.22% |
Telhio lent most frequently to those with incomes in the $100k-150k range, with 283 originations. The second most popular income band? $50k-75k, with 272 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 305 | $55,125,000 | $180,738 | $2,428 | 3.02% |
| 30-36% | 275 | $49,815,000 | $181,145 | $2,332 | 3.26% |
| <20% | 147 | $26,225,000 | $178,401 | $2,450 | 2.91% |
| 44% | 54 | $7,530,000 | $139,444 | $1,971 | 3.64% |
| 36% | 50 | $7,560,000 | $151,200 | $1,988 | 3.46% |
| 41% | 50 | $8,380,000 | $167,600 | $2,190 | 3.34% |
| 40% | 48 | $6,980,000 | $145,417 | $1,775 | 3.92% |
| 38% | 45 | $7,155,000 | $159,000 | $2,051 | 3.52% |
| 37% | 44 | $6,860,000 | $155,909 | $1,893 | 3.58% |
| 43% | 40 | $7,890,000 | $197,250 | $2,036 | 3.65% |
| 42% | 36 | $5,200,000 | $144,444 | $2,403 | 3.38% |
| 39% | 34 | $5,290,000 | $155,588 | $2,153 | 3.63% |
| 45% | 29 | $6,065,000 | $209,138 | $2,670 | 3.22% |
| 46% | 20 | $3,790,000 | $189,500 | $3,234 | 3.13% |
| 47% | 17 | $3,385,000 | $199,118 | $2,965 | 3.27% |
| 48% | 17 | $3,545,000 | $208,529 | $2,779 | 3.30% |
| 49% | 17 | $4,115,000 | $242,059 | $2,829 | 3.13% |
| 50-60% | 8 | $1,750,000 | $218,750 | $2,751 | 3.66% |
| >60% | 6 | $750,000 | $125,000 | $1,418 | 3.58% |
Telhio lent most frequently to those with DTI ratios of 20-30%, with 305 originations. The next most common DTI ratio? 30-36%, with 275 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 870 | $158,240,000 | $181,885 | $2,311 | 3.25% |
| Black | 169 | $29,105,000 | $172,219 | $2,709 | 3.15% |
| Not provided | 165 | $24,115,000 | $146,152 | $1,810 | 3.54% |
| Asian | 42 | $8,210,000 | $195,476 | $3,060 | 2.78% |
| Asian Indian | 4 | $850,000 | $212,500 | $3,358 | 3.19% |
| Other Asian | 2 | $310,000 | $155,000 | $2,748 | 3.06% |
| American Indian | 1 | $275,000 | $275,000 | $2,731 | 3.88% |
| Filipino | 1 | $105,000 | $105,000 | $0 | 3.50% |
Approval Rates
Total approvals of all applications89.90%
Telhio has an average approval rate.
Pick Rate
Approvals leading to origination83.57%
Telhio has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,254 | $221,210,000 | $176,404 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,254 | $221,210,000 | $176,404 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 156 | $14,730,000 | $94,423 | $1,100 | 3.85% |
| 40-60% | 223 | $33,715,000 | $151,188 | $2,468 | 2.79% |
| 60-80% | 465 | $103,495,000 | $222,570 | $2,974 | 2.97% |
| 80-100% | 236 | $62,020,000 | $262,797 | $3,320 | 2.96% |
| Under 20% | 174 | $7,250,000 | $41,667 | $124 | 4.50% |
