Telhio Mortgage Rates, Fees & Info

Columbus, OH

LEI: 549300ZJK68X6PQU2308

Tax ID: 31-4154280

5 stars - out of 5 stars, based on 35 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Telhio is a smaller mortgage company specializing in Other and Home Purchase loans. Telhio has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Cincinnati, North Port, Virginia Beach, and Bellefontaine among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Telhio has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Telhio is typically an average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.10% 4/1/23
    30 Year Conventional Refi 6.33% 4/1/23
    30 Year Cash-out Refi 6.59% 4/1/23
    15 Year Conventional Purchase 5.81% 4/1/23
    15 Year Conventional Refi 6.45% 4/1/23
    15 Year Cash-out Refi 6.45% 4/1/23
    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.

    Telhio Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Telhio. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.



    Originations

    1,225

    Origination Dollar Volume (All Markets)

    $166,165,000

    Awards

    TELHIO 30 Year Conventional Loans bronze
    Show all (1) awards

    Relative Rate

    Telhio's average 30 year fixed mortgage rate was 4.62%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.14%.

    Relative Fees (Closing Costs)

    Telhio's average total fees/closing costs for a 30 year fixed rate mortgage were $6,794.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    COLUMBUS, OH (FHA|USDA|VA) 973 $135,065,000 $138,813 $3,354 5.05%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 181 $17,945,000 $99,144 $1,285 5.08%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $2,430,000 $1,215,000 $8,793 4.69%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $1,425,000 $1,425,000 $7,241 3.75%
    Outside of Metro Areas 8 $1,220,000 $152,500 $2,276 4.97%
    Bellefontaine, OH (FHA|USDA|VA) 4 $1,210,000 $302,500 $2,834 5.17%
    Mount Vernon, OH (FHA|USDA|VA) 9 $1,175,000 $130,556 $3,021 4.99%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 10 $900,000 $90,000 $1,960 4.76%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $660,000 $110,000 $1,511 4.47%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $455,000 $455,000 $6,222 4.63%
    Marion, OH (FHA|USDA|VA) 3 $375,000 $125,000 $1,969 4.34%
    Zanesville, OH (FHA|USDA|VA) 3 $365,000 $121,667 $1,027 4.47%
    Findlay, OH (FHA|USDA|VA) 1 $355,000 $355,000 $3,801 4.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,342 4.75%
    Salem, OH (FHA|USDA|VA) 1 $305,000 $305,000 $3,940 4.88%
    Washington Court House, OH (FHA|USDA|VA) 4 $290,000 $72,500 $992 6.33%
    Bucyrus-Galion, OH (FHA|USDA|VA) 2 $280,000 $140,000 $2,695 4.81%
    MANSFIELD, OH (FHA|USDA|VA) 1 $225,000 $225,000 $600 6.80%
    Urbana, OH (FHA|USDA|VA) 2 $170,000 $85,000 $1,381 4.20%
    Marietta, OH (FHA|USDA|VA) 1 $155,000 $155,000 $4,350 5.50%
    Connersville, IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,812 6.38%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,177 4.63%
    Chillicothe, OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,479 4.63%
    SPRINGFIELD, OH (FHA|USDA|VA) 2 $110,000 $55,000 $0 5.85%
    TOLEDO, OH (FHA|USDA|VA) 1 $75,000 $75,000 $150 7.80%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $65,000 $65,000 $4,172 6.63%
    Jackson, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,807 4.00%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.60%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.65%
    Portsmouth, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.50%
    Telhio's top markets include Columbus, Cincinnati, North Port, Virginia Beach, and Bellefontaine among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TELHIO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CINFED Federal Credit Union
    Similarity Rank: 288
    Eagle Savings Bank
    Similarity Rank: 384
    First Federal Savings and Loan Association
    Similarity Rank: 534
    EDUCATION FIRST CREDIT UNION, INC.
    Similarity Rank: 756
    Liberty National Bank
    Similarity Rank: 828
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 860
    TrueCore Federal Credit Union
    Similarity Rank: 895
    SIBCY CLINE MORTGAGE SERVICES, INC.
    Similarity Rank: 928
    Sharefax Credit Union
    Similarity Rank: 1010
    Somerville Bank
    Similarity Rank: 1071

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 917 $137,895,000 $150,376 $2,985 4.92%
    HELOC 308 $28,270,000 $91,786 n/a 5.44%

    For 2022, Telhio's most frequently originated type of loan was Conventional, with 917 originations. Their 2nd most popular type was HELOC, with 308 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 469 $37,425,000 $79,797 $33 5.59%
    Home Purchase 277 $76,885,000 $277,563 $7,906 4.71%
    Home Improvement 274 $19,580,000 $71,460 $26 5.03%
    Cash Out Refi 119 $21,165,000 $177,857 $3,344 4.27%
    Refi 86 $11,110,000 $129,186 $1,310 4.39%

    For 2022, Telhio's most frequently cited loan purpose was Other, with 469 originations. The 2nd most popular reason was Home Purchase, with 277 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 367 $93,485,000 $254,728 $6,794 4.62%
    15 Year 322 $26,070,000 $80,963 $344 5.34%
    Other 319 $29,505,000 $92,492 $2,969 5.40%
    10 Year 131 $6,005,000 $45,840 $93 5.00%
    20 Year 66 $10,510,000 $159,242 $727 4.64%
    5 Year 20 $590,000 $29,500 $8 4.58%

    For 2022, Telhio's most frequently cited loan duration was 30 Year, with 367 originations. The 2nd most popular length was 15 Year, with 322 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 756 $106,120,000 $140,370
    $1k-2k 93 $17,465,000 $187,796
    $2k-3k 23 $5,195,000 $225,870
    $3k-4k 12 $3,260,000 $271,667
    $5k+ 9 $3,235,000 $359,444
    $4k-5k 5 $1,375,000 $275,000

    Telhio's average total fees were $6,794, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 756 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 411 $72,865,000 $177,287
    3-4% 281 $35,135,000 $125,036
    5-6% 270 $28,770,000 $106,556
    6-7% 129 $12,735,000 $98,721
    7-8% 68 $5,900,000 $86,765
    2.5-3% 32 $7,850,000 $245,313
    Over 8% 28 $2,020,000 $72,143
    <2.5% 6 $890,000 $148,333

    During 2022, Telhio's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 411 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 641 $34,305,000 $53,518 $359 5.28%
    $100k-200k 322 $46,060,000 $143,043 $2,168 4.89%
    $200k-400k 216 $58,920,000 $272,778 $3,489 4.73%
    $400k-600k 37 $17,455,000 $471,757 $4,208 4.71%
    $600k-1MM 5 $3,515,000 $703,000 $15,313 4.20%
    $1MM+ 4 $5,910,000 $1,477,500 $281,367 4.06%

    2022 saw Telhio place emphasis on $100,000 or less loans with 641 originations, totaling $34,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 301 $42,385,000 $140,814 $1,678 5.18%
    $50k-75k 242 $27,920,000 $115,372 $1,875 5.02%
    $75k-100k 234 $28,650,000 $122,436 $1,744 5.01%
    $150k-250k 215 $33,315,000 $154,953 $8,770 5.19%
    $50k or less 144 $13,840,000 $96,111 $1,948 4.61%
    $250k+ 73 $17,965,000 $246,096 $3,387 5.36%

    Telhio lent most frequently to those with incomes in the $100k-150k range, with 301 originations. The second most popular income band? $50k-75k, with 242 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 293 $39,045,000 $133,259 $1,799 4.90%
    30-36% 234 $26,370,000 $112,692 $1,333 5.10%
    <20% 111 $12,295,000 $110,766 $1,311 4.73%
    44% 79 $11,705,000 $148,165 $1,693 5.22%
    39% 65 $8,925,000 $137,308 $1,979 5.28%
    38% 60 $7,520,000 $125,333 $1,225 5.36%
    43% 54 $6,340,000 $117,407 $1,358 5.24%
    36% 52 $6,740,000 $129,615 $1,657 5.03%
    40% 51 $6,055,000 $118,725 $970 5.56%
    42% 49 $6,595,000 $134,592 $1,763 5.26%
    41% 45 $4,945,000 $109,889 $1,828 5.35%
    37% 31 $3,985,000 $128,548 $1,570 4.99%
    45% 23 $3,805,000 $165,435 $1,942 4.95%
    46% 18 $3,010,000 $167,222 $2,392 4.88%
    47% 16 $5,020,000 $313,750 $6,926 4.59%
    49% 16 $4,170,000 $260,625 $3,736 4.74%
    48% 14 $4,700,000 $335,714 $3,701 4.44%
    50-60% 9 $3,875,000 $430,556 $185,181 4.84%
    >60% 2 $190,000 $95,000 $0 4.30%

    Telhio lent most frequently to those with DTI ratios of 20-30%, with 293 originations. The next most common DTI ratio? 30-36%, with 234 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 837 $108,085,000 $129,134 $1,643 5.13%
    Not provided 200 $25,300,000 $126,500 $1,449 4.75%
    Black 135 $19,375,000 $143,519 $2,515 5.03%
    Asian 42 $11,700,000 $278,571 $34,058 4.89%
    American Indian 7 $1,285,000 $183,571 $2,143 5.75%
    Asian Indian 3 $375,000 $125,000 $0 6.00%
    Native Hawaiian or Islander 1 $45,000 $45,000 $0 7.00%

    Approval Rates

    Total approvals of all applications
    83.80%

    Telhio has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.88%

    Telhio has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,225 $166,165,000 $135,645

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,225 $166,165,000 $135,645

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 310 $30,630,000 $98,806 $356 5.33%
    40-60% 137 $19,175,000 $139,964 $1,886 4.85%
    60-80% 165 $42,655,000 $258,515 $3,711 4.48%
    80-100% 213 $54,735,000 $256,972 $8,821 4.69%
    Under 20% 400 $18,970,000 $47,425 $41 5.34%