Town And Country Credit Union Mortgage Rates, Fees & Info

Minot, ND

LEI: 5493000JZXUB8NOEMF64

Tax ID: 45-0278124

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Mortgage Data

Review & Overview

Town And Country Credit Union is a smaller credit union specializing in Home Purchase loans. Town And Country Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Fargo, Minot, Bismarck, Williston, and Fergus Falls among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

Town And Country Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Town And Country Credit Union is typically an average 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 6.43% 3/28/24
30 Year Conventional Refi 6.23% 3/28/24
30 Year Cash-out Refi 6.65% 3/28/24
30 Year FHA Purchase 7.12% 3/28/24
30 Year FHA Refi 6.76% 3/28/24
30 Year VA Purchase 5.59% 3/28/24
30 Year VA Refi 5.60% 3/28/24
30 Year USDA Purchase 6.08% 3/28/24
15 Year Conventional Purchase 5.77% 3/28/24
15 Year Conventional Refi 5.98% 3/28/24
15 Year Cash-out Refi 5.98% 3/28/24
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 And Country Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Town And Country Credit Union. 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

756

Origination Dollar Volume (All Markets)

$137,620,000
Show all (10) 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
FARGO, ND-MN (FHA|USDA|VA) 401 $71,175,000 $177,494 $2,646 4.35%
Minot, ND (FHA|USDA|VA) 239 $43,225,000 $180,858 $3,633 4.26%
Outside of Metro Areas 73 $11,795,000 $161,575 $3,484 4.42%
BISMARCK, ND (FHA|USDA|VA) 10 $2,540,000 $254,000 $5,045 3.98%
Williston, ND (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 5.00%
Fergus Falls, MN (FHA|USDA|VA) 8 $1,990,000 $248,750 $3,840 4.33%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $1,215,000 $243,000 $4,240 4.28%
Wahpeton, ND-MN (FHA|USDA|VA) 7 $945,000 $135,000 $3,896 4.65%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $350,000 $175,000 $4,514 4.44%
McComb, MS (FHA|USDA|VA) 1 $345,000 $345,000 $2,875 4.50%
GREELEY, CO (FHA|USDA|VA) 1 $305,000 $305,000 $6,107 4.38%
Hutchinson, MN (FHA|USDA|VA) 1 $225,000 $225,000 $7,720 4.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,318 4.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $215,000 $215,000 $3,191 4.50%
Willmar, MN (FHA|USDA|VA) 1 $155,000 $155,000 $5,258 4.75%
Jamestown, ND (FHA|USDA|VA) 1 $135,000 $135,000 $3,328 4.38%
DULUTH, MN-WI (FHA|USDA|VA) 1 $115,000 $115,000 $3,445 4.38%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $95,000 $95,000 $2,821 4.13%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,741 4.00%
Town And Country Credit Union's top markets include Fargo, Minot, Bismarck, Williston, and Fergus Falls among others.

Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against TOWN AND COUNTRY Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    VISIONBank
    Similarity Rank: 162
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 180
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 310
    T & C REAL ESTATE SERVICES LLC
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    AFFINITY PLUS
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    Deere Employees Credit Union
    Similarity Rank: 326
    Tradition Mortgage, LLC
    Similarity Rank: 330
    VALLEY MORTGAGE, INC.
    Similarity Rank: 336
    Starion Bank
    Similarity Rank: 616
    Choice Financial Group
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 562 $97,290,000 $173,114 $2,532 4.37%
    FHA 110 $20,670,000 $187,909 $6,793 4.35%
    VA 68 $17,360,000 $255,294 $5,517 3.97%
    USDA 15 $2,155,000 $143,667 $4,729 4.17%
    HELOC 1 $145,000 $145,000 n/a 5.00%

    For 2018, Town And Country Credit Union's most frequently originated type of loan was Conventional, with 562 originations. Their 2nd most popular type was FHA, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 493 $99,925,000 $202,688 $4,488 4.36%
    Cash Out Refi 204 $20,890,000 $102,402 $1,279 4.17%
    Refi 57 $16,555,000 $290,439 $1,727 4.56%
    Home Improvement 2 $250,000 $125,000 $0 5.25%

    For 2018, Town And Country Credit Union's most frequently cited loan purpose was Home Purchase, with 493 originations. The 2nd most popular reason was Cash Out Refi, with 204 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 440 $92,760,000 $210,818 $4,753 4.37%
    Other 111 $14,165,000 $127,613 $1,116 4.32%
    15 Year 65 $10,565,000 $162,538 $2,647 4.00%
    5 Year 61 $4,925,000 $80,738 $437 4.27%
    10 Year 45 $3,375,000 $75,000 $664 4.11%
    20 Year 24 $10,440,000 $435,000 $3,533 4.68%
    1 Year 5 $815,000 $163,000 $0 4.75%
    3 Year 5 $575,000 $115,000 $0 5.35%

    For 2018, Town And Country Credit Union's most frequently cited loan duration was 30 Year, with 440 originations. The 2nd most popular length was Other, with 111 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 394 $54,670,000 $138,756
    $2k-3k 116 $24,530,000 $211,466
    $1k-2k 95 $16,645,000 $175,211
    $3k-4k 56 $15,810,000 $282,321
    $4k-5k 13 $4,865,000 $374,231
    $5k+ 6 $2,580,000 $430,000

    Town And Country Credit Union's average total fees were $4,753, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 394 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 433 $87,725,000 $202,598
    3-4% 239 $38,465,000 $160,941
    5-6% 60 $9,490,000 $158,167
    2.5-3% 18 $1,560,000 $86,667
    6-7% 4 $260,000 $65,000
    7-8% 2 $120,000 $60,000

    During 2018, Town And Country Credit Union's average interest rate for loans was 4.37%, while their most frequently originated rate bucket for loans was 4-5%, with 433 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 290 $44,940,000 $154,966 $3,310 4.39%
    $200k-400k 236 $62,660,000 $265,508 $5,026 4.34%
    $100,000 or less 209 $12,215,000 $58,445 $668 4.24%
    $400k-600k 16 $7,080,000 $442,500 $5,424 4.12%
    $1MM+ 3 $9,485,000 $3,161,667 $0 4.63%
    $600k-1MM 2 $1,240,000 $620,000 $10,828 4.25%

    2018 saw Town And Country Credit Union place emphasis on $100k-200k loans with 290 originations, totaling $44,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 198 $33,960,000 $171,515 $3,469 4.29%
    $75k-100k 155 $27,175,000 $175,323 $3,169 4.33%
    $100k-150k 134 $25,260,000 $188,507 $3,261 4.32%
    $50k or less 117 $15,505,000 $132,521 $2,875 4.23%
    $150k-250k 67 $12,795,000 $190,970 $2,793 4.07%
    $250k+ 20 $5,130,000 $256,500 $4,037 4.35%

    Town And Country Credit Union lent most frequently to those with incomes in the $50k-75k range, with 198 originations. The second most popular income band? $75k-100k, with 155 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 142 $22,990,000 $161,901 $2,675 4.22%
    20-30% 121 $16,975,000 $140,289 $2,505 4.21%
    50-60% 54 $11,310,000 $209,444 $5,527 4.25%
    <20% 38 $5,590,000 $147,105 $2,686 4.38%
    38% 34 $5,970,000 $175,588 $2,551 4.15%
    42% 33 $4,655,000 $141,061 $2,398 4.43%
    36% 33 $5,465,000 $165,606 $3,256 4.26%
    39% 31 $4,915,000 $158,548 $2,975 4.33%
    41% 28 $4,750,000 $169,643 $2,729 4.22%
    37% 27 $3,965,000 $146,852 $2,909 4.22%
    43% 23 $5,295,000 $230,217 $3,270 4.42%
    49% 23 $5,625,000 $244,565 $4,891 4.48%
    44% 22 $4,860,000 $220,909 $5,995 4.44%
    40% 21 $3,655,000 $174,048 $2,686 4.01%
    48% 19 $3,765,000 $198,158 $4,054 4.40%
    46% 18 $3,690,000 $205,000 $4,909 4.39%
    45% 15 $3,415,000 $227,667 $5,363 4.33%
    47% 10 $2,750,000 $275,000 $4,816 4.37%
    >60% 7 $1,325,000 $189,286 $8,142 4.39%

    Town And Country Credit Union lent most frequently to those with DTI ratios of 30-36%, with 142 originations. The next most common DTI ratio? 20-30%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 633 $108,025,000 $170,656 $3,110 4.27%
    Not applicable 58 $16,760,000 $288,966 $0 5.01%
    Not provided 37 $7,285,000 $196,892 $4,102 4.28%
    Black 12 $2,470,000 $205,833 $3,756 4.40%
    Asian 8 $1,790,000 $223,750 $4,858 4.53%
    American Indian 6 $880,000 $146,667 $4,192 4.30%
    Native Hawaiian or Islander 1 $225,000 $225,000 $0 4.05%
    Other Asian 1 $185,000 $185,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    96.84%

    Town And Country Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.28%

    Town And Country Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 756 $137,620,000 $182,037

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $11,130,000 $927,500
    Single Family (1-4 Units):Manufactured 4 $630,000 $157,500
    Single Family (1-4 Units):Site-Built 740 $125,860,000 $170,081

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 66 $4,450,000 $67,424 $608 4.20%
    40-60% 48 $8,630,000 $179,792 $1,868 4.53%
    60-80% 138 $28,260,000 $204,783 $3,381 4.49%
    80-100% 409 $87,565,000 $214,095 $4,371 4.35%
    Over 100% 22 $5,630,000 $255,909 $7,806 4.09%
    Under 20% 73 $3,085,000 $42,260 $364 3.96%