Telhio Mortgage Rates, Fees & Info

Columbus, OH

LEI: 549300ZJK68X6PQU2308

Tax ID: 31-4154280

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

2021 Data | 2020 Data | 2019 Data | 2018 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

1,254

Origination Dollar Volume (All Markets)

$221,210,000

Awards

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

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 applications
89.90%

Telhio has an average approval rate.

Pick Rate

Approvals leading to origination
83.57%

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%