FBT Mortgage LLC Interest Rate and Cost Review

Is FBT Mortgage LLC a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by FBT Mortgage LLC to those of other lenders for a comparable set of borrowers. Here is our review of FBT Mortgage LLC nationally:

Review ItemFBT Mortgage LLC
Interest Ratesimilar to other lenders (-0.03%)
Loan Related Closing Costssimilar to other lenders (+$20)
National Rate and Closing Cost Star Rating(3.5)

On average, FBT Mortgage LLC’s interest rates were similar to those of other lenders (-0.03%). Its loan related closing costs were also similar to those of other lenders, with a difference of +$20. Overall, combining interest rates and closing costs we estimate that FBT Mortgage LLC tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit FBT Mortgage LLC, its website is located at: https://fbtonline.mymortgage-online.com/.

FBT Mortgage LLC’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track FBT Mortgage LLC was most active in:

  1. New Orleans, LA
  2. Crestview, FL
  3. Baton Rouge, LA
  4. Gulfport, MS
  5. Panama City Beach, FL

FBT Mortgage LLC’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, FBT Mortgage LLC originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.00%-0.10%+0.02%-0.08%-0.01%
Loan Related Closing Cost Difference+$7+$108+$122+$93+$86
Cost Adjusted Rate Difference+0.00%-0.09%+0.03%-0.07%-0.00%
National Star Rating(3.5)(4)(3.5)(4)(3.5)
Refinance MortgagesConformingFHAVA
Interest Rate Difference+0.06%-0.03%+0.02%
Loan Related Closing Cost Difference-$162+$3-$16
Cost Adjusted Rate Difference+0.05%-0.03%+0.02%
Average Star Rating(3.5)(3.5)(3.5)

As a summary, FBT Mortgage LLC is cheap for FHA and USDA purchase mortgages. It is similar to other lenders for Conforming, Jumbo and VA purchase mortgages. For refinancing mortgages, FBT Mortgage LLC is similar to other lenders for Conforming, FHA and VA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about FBT Mortgage LLC:

Registered name: FBT Mortgage
Registered city and state: Ocean Springs, MS, 39564
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: FIRST TRUST CORPORATION

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for FBT Mortgage LLC’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.