Telhio Mortgage Rates, Fees & Info

Columbus, OH

LEI: 549300ZJK68X6PQU2308

Tax ID: 31-4154280

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Cash Out Refi, Home Purchase, and Refi loans. Telhio has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Cincinnati, Dayton, Bellefontaine, and Cleveland among others. We have data for 17 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 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.

    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% 11/21/24
    30 Year Conventional Refi 6.33% 11/21/24
    30 Year Cash-out Refi 6.59% 11/21/24
    15 Year Conventional Purchase 5.81% 11/21/24
    15 Year Conventional Refi 6.45% 11/21/24
    15 Year Cash-out Refi 6.45% 11/21/24
    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.

    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

    625

    Origination Dollar Volume (All Markets)

    $91,235,000

    Awards

    TELHIO 30 Year Conventional Loans silver TELHIO 30 Year Conventional Loans silver TELHIO 30 Year Conventional Loans silver
    Show all (3) 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
    COLUMBUS, OH (FHA|USDA|VA) 495 $77,105,000 $155,768 $2,158 4.79%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 103 $10,715,000 $104,029 $1,860 5.08%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $540,000 $135,000 $2,341 4.97%
    Bellefontaine, OH (FHA|USDA|VA) 2 $530,000 $265,000 $2,970 3.63%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $440,000 $110,000 $2,243 4.63%
    Mount Vernon, OH (FHA|USDA|VA) 2 $380,000 $190,000 $2,988 4.31%
    Zanesville, OH (FHA|USDA|VA) 2 $350,000 $175,000 $3,212 4.56%
    SPRINGFIELD, OH (FHA|USDA|VA) 2 $260,000 $130,000 $2,920 4.75%
    Marion, OH (FHA|USDA|VA) 3 $245,000 $81,667 $2,261 5.96%
    Chillicothe, OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,626 3.13%
    Cambridge, OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,172 3.75%
    Ashland, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,798 4.13%
    TOLEDO, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,237 4.50%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,962 4.38%
    Wooster, OH (FHA|USDA|VA) 1 $55,000 $55,000 $640 8.25%
    Outside of Metro Areas 1 $25,000 $25,000 $220 5.75%
    Washington Court House, OH (FHA|USDA|VA) 1 $15,000 $15,000 $509 6.63%
    Telhio's top markets include Columbus, Cincinnati, Dayton, Bellefontaine, and Cleveland among others.

    Their top states include:
  • Ohio (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.

    The North Side Bank & Trust Company
    Similarity Rank: 55
    CINFED Federal Credit Union
    Similarity Rank: 162
    Columbus Metro Federal Credit Union
    Similarity Rank: 392
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 504
    HOPEWELL Federal Credit Union
    Similarity Rank: 510
    First Federal Savings and Loan Association
    Similarity Rank: 575
    EDUCATION FIRST CREDIT UNION, INC.
    Similarity Rank: 630
    LCNB National Bank
    Similarity Rank: 828
    TrueCore Federal Credit Union
    Similarity Rank: 980
    Somerville Bank
    Similarity Rank: 1001

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 625 $91,235,000 $145,976 $2,123 4.84%

    For 2019, Telhio's most frequently originated type of loan was Conventional, with 625 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 191 $27,555,000 $144,267 $2,170 4.76%
    Home Purchase 171 $31,825,000 $186,111 $3,172 4.01%
    Refi 113 $24,445,000 $216,327 $2,599 3.77%
    Home Improvement 83 $3,845,000 $46,325 $397 6.78%
    Other 67 $3,565,000 $53,209 $583 6.61%

    For 2019, Telhio's most frequently cited loan purpose was Cash Out Refi, with 191 originations. The 2nd most popular reason was Home Purchase, with 171 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 313 $63,825,000 $203,914 $3,012 3.95%
    10 Year 139 $6,475,000 $46,583 $448 6.57%
    15 Year 124 $14,510,000 $117,016 $1,762 5.17%
    20 Year 35 $5,745,000 $164,143 $2,434 4.55%
    5 Year 7 $105,000 $15,000 $280 5.73%
    Other 7 $575,000 $82,143 $1,275 5.29%

    For 2019, Telhio's most frequently cited loan duration was 30 Year, with 313 originations. The 2nd most popular length was 10 Year, with 139 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 342 $41,570,000 $121,550
    $1k-2k 263 $43,195,000 $164,240
    $2k-3k 13 $3,305,000 $254,231
    $3k-4k 2 $740,000 $370,000
    $5k+ 2 $820,000 $410,000
    $4k-5k 1 $785,000 $785,000

    Telhio's average total fees were $3,012, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 342 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 289 $58,215,000 $201,436
    4-5% 115 $19,275,000 $167,609
    6-7% 87 $4,635,000 $53,276
    5-6% 61 $4,955,000 $81,230
    7-8% 45 $2,365,000 $52,556
    Over 8% 24 $1,260,000 $52,500
    2.5-3% 4 $530,000 $132,500

    During 2019, Telhio's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 289 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 261 $13,555,000 $51,935 $1,025 6.09%
    $100k-200k 205 $29,705,000 $144,902 $2,632 4.08%
    $200k-400k 137 $36,625,000 $267,336 $3,041 3.75%
    $400k-600k 18 $8,000,000 $444,444 $4,045 3.66%
    $600k-1MM 3 $2,205,000 $735,000 $9,052 5.13%
    $1MM+ 1 $1,145,000 $1,145,000 $6,144 3.99%

    2019 saw Telhio place emphasis on $100,000 or less loans with 261 originations, totaling $13,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 163 $28,265,000 $173,405 $2,174 4.80%
    $50k-75k 124 $14,540,000 $117,258 $2,054 4.83%
    $75k-100k 120 $15,020,000 $125,167 $1,917 4.99%
    $50k or less 103 $9,815,000 $95,291 $2,263 4.42%
    $150k-250k 89 $15,985,000 $179,607 $2,121 5.33%
    $250k+ 24 $6,590,000 $274,583 $2,565 4.50%

    Telhio lent most frequently to those with incomes in the $100k-150k range, with 163 originations. The second most popular income band? $50k-75k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 148 $22,750,000 $153,716 $2,277 4.45%
    30-36% 142 $19,160,000 $134,930 $1,873 5.01%
    <20% 74 $11,650,000 $157,432 $2,458 4.04%
    44% 34 $3,620,000 $106,471 $1,574 5.99%
    37% 28 $4,240,000 $151,429 $1,749 5.11%
    36% 27 $3,195,000 $118,333 $1,645 5.02%
    43% 25 $3,915,000 $156,600 $1,975 5.13%
    42% 24 $2,570,000 $107,083 $1,505 6.22%
    40% 21 $3,265,000 $155,476 $2,299 5.23%
    39% 21 $2,335,000 $111,190 $2,169 5.04%
    38% 19 $2,695,000 $141,842 $1,992 5.20%
    41% 17 $2,865,000 $168,529 $2,939 4.72%
    49% 16 $3,000,000 $187,500 $2,978 4.10%
    45% 9 $1,575,000 $175,000 $2,919 4.43%
    46% 8 $1,160,000 $145,000 $2,495 4.53%
    48% 4 $1,280,000 $320,000 $3,306 4.34%
    >60% 4 $870,000 $217,500 $2,901 5.84%
    47% 2 $250,000 $125,000 $1,994 5.88%
    50-60% 1 $35,000 $35,000 $2,746 4.88%

    Telhio lent most frequently to those with DTI ratios of 20-30%, with 148 originations. The next most common DTI ratio? 30-36%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 458 $71,890,000 $156,965 $2,283 4.66%
    Black 67 $9,075,000 $135,448 $2,327 4.77%
    Not provided 85 $7,885,000 $92,765 $987 6.05%
    Asian 12 $1,830,000 $152,500 $2,436 3.86%
    Asian Indian 1 $255,000 $255,000 $2,472 3.13%
    Other Asian 1 $165,000 $165,000 $2,724 3.88%
    Other Pacific Islander 1 $135,000 $135,000 $2,804 4.00%

    Approval Rates

    Total approvals of all applications
    85.29%

    Telhio has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.20%

    Telhio has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 625 $91,235,000 $145,976

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $805,000 $805,000
    Single Family (1-4 Units):Site-Built 624 $90,430,000 $144,920

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 102 $7,080,000 $69,412 $771 6.39%
    40-60% 58 $7,880,000 $135,862 $2,335 4.21%
    60-80% 180 $35,000,000 $194,444 $2,834 3.86%
    80-100% 176 $36,850,000 $209,375 $3,157 3.96%
    Under 20% 108 $3,620,000 $33,519 $367 6.79%