Town & Country Bank Mortgage Rates, Fees & Info

Salem, MO

LEI: 254900YOL8EJ9NBHIE43

Tax ID: 43-0241720

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Town & Country Bank 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.

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    Originations

    320

    Origination Dollar Volume (All Markets)

    $47,420,000

    Awards

    Town & Country Bank 30 Year Conventional Loans gold Town & Country Bank 30 Year Conventional Loans gold
    Show all (2) 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
    Outside of Metro Areas 296 $42,300,000 $142,905 $1,398 4.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 24 $5,120,000 $213,333 $1,668 4.64%
    Town & Country Bank's top markets include and St. Louis among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (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.

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Bank of Washington
    Similarity Rank: 728
    ALLTRU Federal Credit Union
    Similarity Rank: 764
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 317 $46,985,000 $148,218 $1,386 4.74%
    USDA 3 $435,000 $145,000 $3,671 4.96%

    For 2022, Town & Country Bank's most frequently originated type of loan was Conventional, with 317 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 184 $31,290,000 $170,054 $1,626 4.76%
    Refi 102 $13,460,000 $131,961 $1,161 4.79%
    Other 16 $1,000,000 $62,500 $991 4.56%
    Home Improvement 14 $1,000,000 $71,429 $1,068 4.65%
    Cash Out Refi 4 $670,000 $167,500 $2,162 3.56%

    For 2022, Town & Country Bank's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was Refi, with 102 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 158 $28,140,000 $178,101 $1,530 4.63%
    20 Year 64 $8,610,000 $134,531 $1,169 4.72%
    15 Year 46 $5,060,000 $110,000 $1,265 4.92%
    Other 22 $2,640,000 $120,000 $1,193 4.79%
    10 Year 18 $1,150,000 $63,889 $1,045 4.70%
    5 Year 5 $755,000 $151,000 $0 5.35%
    1 Year 4 $400,000 $100,000 $1,449 5.44%
    3 Year 3 $665,000 $221,667 $0 5.82%

    For 2022, Town & Country Bank's most frequently cited loan duration was 30 Year, with 158 originations. The 2nd most popular length was 20 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 237 $34,935,000 $147,405
    $1k-2k 1 $395,000 $395,000

    Town & Country Bank's average total fees were $1,530, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 237 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 178 $26,160,000 $146,966
    5-6% 63 $8,755,000 $138,968
    3-4% 55 $9,075,000 $165,000
    6-7% 15 $2,395,000 $159,667
    7-8% 7 $805,000 $115,000
    2.5-3% 2 $230,000 $115,000

    During 2022, Town & Country Bank's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 178 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 128 $7,180,000 $56,094 $1,134 4.90%
    $100k-200k 113 $16,315,000 $144,381 $1,513 4.62%
    $200k-400k 67 $17,555,000 $262,015 $1,628 4.56%
    $400k-600k 10 $4,680,000 $468,000 $2,071 5.02%
    $600k-1MM 2 $1,690,000 $845,000 $0 5.63%

    2022 saw Town & Country Bank place emphasis on $100,000 or less loans with 128 originations, totaling $7,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 73 $5,215,000 $71,438 $1,318 4.75%
    $50k-75k 70 $8,720,000 $124,571 $1,438 4.75%
    $75k-100k 54 $8,400,000 $155,556 $1,422 4.64%
    $100k-150k 44 $8,280,000 $188,182 $1,486 4.74%
    $150k-250k 22 $5,620,000 $255,455 $1,750 4.44%
    $250k+ 11 $3,785,000 $344,091 $1,664 4.83%

    Town & Country Bank lent most frequently to those with incomes in the $50k or less range, with 73 originations. The second most popular income band? $50k-75k, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 78 $10,190,000 $130,641 $1,375 4.67%
    30-36% 57 $9,005,000 $157,982 $1,613 4.61%
    <20% 40 $4,020,000 $100,500 $1,287 4.45%
    37% 21 $3,265,000 $155,476 $1,483 4.60%
    36% 9 $1,395,000 $155,000 $1,439 4.69%
    39% 7 $1,745,000 $249,286 $1,156 4.16%
    >60% 6 $900,000 $150,000 $1,326 5.12%
    38% 5 $785,000 $157,000 $1,541 4.53%
    41% 4 $960,000 $240,000 $1,170 4.88%
    48% 3 $835,000 $278,333 $1,217 4.50%
    40% 2 $650,000 $325,000 $1,793 4.44%
    42% 2 $400,000 $200,000 $282 5.10%
    43% 2 $390,000 $195,000 $1,909 5.50%
    47% 1 $125,000 $125,000 $307 4.75%
    49% 1 $25,000 $25,000 $787 4.75%
    50-60% 1 $385,000 $385,000 $965 6.00%
    44% 1 $295,000 $295,000 $2,645 4.50%

    Town & Country Bank lent most frequently to those with DTI ratios of 20-30%, with 78 originations. The next most common DTI ratio? 30-36%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 274 $39,910,000 $145,657 $1,391 4.71%
    Not applicable 33 $5,055,000 $153,182 $0 5.09%
    Not provided 9 $1,635,000 $181,667 $1,835 4.47%
    American Indian 2 $340,000 $170,000 $2,472 5.06%
    Vietnamese 1 $305,000 $305,000 $0 4.25%
    Asian 1 $175,000 $175,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    89.76%

    Town & Country Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.63%

    Town & Country Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    103.0 1 $5,000 $5,000
    NA 319 $47,415,000 $148,636

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    320 $47,420,000 $148,188

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $4,020,000 $87,391 $1,386 4.68%
    40-60% 59 $7,645,000 $129,576 $1,050 4.73%
    60-80% 109 $20,345,000 $186,651 $1,496 4.80%
    80-100% 92 $14,590,000 $158,587 $1,641 4.71%
    Under 20% 14 $820,000 $58,571 $900 4.68%