Town & Country Bank Mortgage Rates, Fees & Info

Salem, MO

LEI: 254900YOL8EJ9NBHIE43

Tax ID: 43-0241720

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

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Mortgage Data

Review & Overview

Town & Country Bank is a smaller bank specializing in Home Purchase and Refi loans. Town & Country Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top (well, only) market is St. Louis.

Town & Country Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.73% 11/11/24
30 Year Conventional Refi 6.78% 11/11/24
30 Year Cash-out Refi 6.63% 11/11/24
30 Year VA Purchase 6.03% 11/11/24
30 Year VA Refi 6.27% 11/11/24
30 Year USDA Purchase 7.22% 11/11/24
15 Year Conventional Purchase 5.72% 11/11/24
15 Year Conventional Refi 6.57% 11/11/24
15 Year Cash-out Refi 6.57% 11/11/24
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.

Town & Country Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Town & Country Bank. 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

299

Origination Dollar Volume (All Markets)

$47,855,000

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
Outside of Metro Areas 262 $38,040,000 $145,191 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 37 $9,815,000 $265,270 $0 0.00%
Town & Country Bank's top markets include and St. Louis among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

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

    1ST MIDAMERICA
    Similarity Rank: 286
    CNB Bank And Trust, N.A.
    Similarity Rank: 323
    FIRST COMMUNITY
    Similarity Rank: 336
    First National Bank of Waterloo
    Similarity Rank: 340
    United Bank of Union
    Similarity Rank: 360
    VANTAGE Credit Union
    Similarity Rank: 371
    Bank of Hillsboro
    Similarity Rank: 459
    ALLIANCE CREDIT UNION
    Similarity Rank: 520
    ALLTRU Federal Credit Union
    Similarity Rank: 573

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 292 $46,970,000 $160,856 $0 0.00%
    USDA 7 $885,000 $126,429 $0 0.00%

    For 2023, Town & Country Bank's most frequently originated type of loan was Conventional, with 292 originations. Their 2nd most popular type was USDA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 159 $28,965,000 $182,170 $0 0.00%
    Refi 91 $15,005,000 $164,890 $0 0.00%
    Other 29 $2,765,000 $95,345 $0 0.00%
    Home Improvement 20 $1,120,000 $56,000 $0 0.00%

    For 2023, Town & Country Bank's most frequently cited loan purpose was Home Purchase, with 159 originations. The 2nd most popular reason was Refi, with 91 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 299 $47,855,000 $160,050 $0 0.00%

    For 2023, Town & Country Bank's most frequently cited loan duration was Other, with 299 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 142 $7,990,000 $56,268 $0 0.00%
    $100k-200k 75 $11,215,000 $149,533 $0 0.00%
    $200k-400k 65 $17,885,000 $275,154 $0 0.00%
    $400k-600k 10 $4,610,000 $461,000 $0 0.00%
    $600k-1MM 6 $4,520,000 $753,333 $0 0.00%
    $1MM+ 1 $1,635,000 $1,635,000 $0 0.00%

    2023 saw Town & Country Bank place emphasis on $100,000 or less loans with 142 originations, totaling $7,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 66 $11,070,000 $167,727 $0 0.00%
    $75k-100k 52 $6,470,000 $124,423 $0 0.00%
    $50k-75k 47 $5,025,000 $106,915 $0 0.00%
    $50k or less 43 $2,755,000 $64,070 $0 0.00%
    $150k-250k 29 $5,805,000 $200,172 $0 0.00%
    $250k+ 16 $5,970,000 $373,125 $0 0.00%

    Town & Country Bank lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $75k-100k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 299 $47,855,000 $160,050 $0 0.00%

    Town & Country Bank lent most frequently to those with DTI ratios of Exempt%, with 299 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 246 $36,220,000 $147,236 $0 0.00%
    Not applicable 40 $9,530,000 $238,250 $0 0.00%
    Asian 4 $1,020,000 $255,000 $0 0.00%
    Not provided 8 $880,000 $110,000 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.51%

    Town & Country Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.64%

    Town & Country Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 299 $47,855,000 $160,050

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    299 $47,855,000 $160,050