Is Branch Banking And Trust Co An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Branch Banking And Trust Co with other lenders for mortgages with similar borrower characteristics:

Interest Rate: lower than average (-0.05%)
Loan Related Closing Costs: lower than average (-$270)
Assessment: this lender tends to be a cheap lender.

This scoreboard is based on data reported to FFIEC. In the data, Branch Banking And Trust Co originated 35833 mortgages, a national market share of 0.6%. It was most active in WV (5.6% market share), NC (4.7% market share), and SC (2.7% market share).

On average, Branch Banking And Trust Co’s interest rates were lower than those of comparable mortgages at other lenders (-0.05%).1The comparable mortgages control for Branch Banking And Trust Co’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 county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $3542, which was lower than those of comparable mortgages at $3812, with a difference of -$270. Overall, we estimate that Branch Banking And Trust Co tends to be an cheap lender, with a cost-adjusted-rate difference of -0.07% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Branch Banking And Trust Co.

Branch Banking And Trust Co originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, Jumbo and VA mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Branch Banking And Trust Co compared to other lenders

Conforming FHA Jumbo USDA VA
Interest Rate Difference -0.05% -0.04% +0.03% -0.17% -0.12%
Loan related Closing Cost Difference -$198 +$533 -$616 +$202 -$379
Cost Adjusted Rate Difference -0.06% +0.03% +0.01% -0.15% -0.16%

Based on the table above, Branch Banking And Trust Co is cheap for Conforming, USDA and VA purchase mortgages. It is similar to other lenders for FHA and Jumbo purchase mortgages.

Mortgage Refinancing from Branch Banking And Trust Co compared to other lenders

Conforming Jumbo VA
Interest Rate Difference -0.06% +0.02% -0.10%
Loan Related Closing Cost Difference -$329 -$779 -$559
Cost Adjusted Rate Difference -0.08% -0.01% -0.15%

Based on the table above, Branch Banking And Trust Co is cheap for Conforming and VA mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance.

Other information about Branch Banking And Trust Co:

Regulator: Consumer Financial Protection Bureau (CFPB) 
Top holder: BB&T CORPORATION
Registered city and state: Raleigh, NC, 27604-1086
FB Comments

Lender Reviews:

Subscribe
Notify of
guest
Closed on time?
Did the lender have difficulty closing the loan on time?
Rating
What's your rating for the lender
0 Reviews
Inline Feedbacks
View all comments

Footnotes   [ + ]

1. The comparable mortgages control for Branch Banking And Trust Co’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 county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.