Town And Country Credit Union Mortgage Rates, Fees & Info

Minot, ND

LEI: 5493000JZXUB8NOEMF64

Tax ID: 45-0278124

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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 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, Fergus Falls, Bismarck, and Williston 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 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.

    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% 4/22/24
    30 Year Conventional Refi 6.23% 4/22/24
    30 Year Cash-out Refi 6.65% 4/22/24
    30 Year FHA Purchase 7.12% 4/22/24
    30 Year FHA Refi 6.76% 4/22/24
    30 Year VA Purchase 5.59% 4/22/24
    30 Year VA Refi 5.60% 4/22/24
    30 Year USDA Purchase 6.08% 4/22/24
    15 Year Conventional Purchase 5.77% 4/22/24
    15 Year Conventional Refi 5.98% 4/22/24
    15 Year Cash-out Refi 5.98% 4/22/24
    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

    769

    Origination Dollar Volume (All Markets)

    $151,315,000
    Show all (12) 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) 350 $65,480,000 $187,086 $3,497 4.01%
    Minot, ND (FHA|USDA|VA) 294 $58,120,000 $197,687 $3,763 3.79%
    Outside of Metro Areas 74 $14,630,000 $197,703 $4,099 4.05%
    Fergus Falls, MN (FHA|USDA|VA) 10 $2,740,000 $274,000 $3,617 3.75%
    BISMARCK, ND (FHA|USDA|VA) 5 $1,985,000 $397,000 $5,195 3.45%
    Williston, ND (FHA|USDA|VA) 6 $1,600,000 $266,667 $4,445 3.25%
    Wahpeton, ND-MN (FHA|USDA|VA) 7 $1,175,000 $167,857 $4,711 4.24%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,100,000 $275,000 $3,355 3.97%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 5 $985,000 $197,000 $3,623 3.68%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $855,000 $285,000 $5,066 3.71%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $810,000 $405,000 $3,388 3.38%
    Dickinson, ND (FHA|USDA|VA) 2 $410,000 $205,000 $3,983 4.35%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $315,000 $315,000 $4,468 3.50%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $285,000 $285,000 $5,832 3.25%
    Brainerd, MN (FHA|USDA|VA) 1 $265,000 $265,000 $4,653 3.63%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $2,153 3.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,445 4.63%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,075 3.75%
    Jamestown, ND (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.45%
    Town And Country Credit Union's top markets include Fargo, Minot, Fergus Falls, Bismarck, and Williston among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Wisconsin (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.

    Dacotah Bank
    Similarity Rank: 200
    CAPITAL CREDIT UNION
    Similarity Rank: 230
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 408
    T & C REAL ESTATE SERVICES LLC
    Similarity Rank: 440
    Tradition Mortgage, LLC
    Similarity Rank: 444
    VALLEY MORTGAGE, INC.
    Similarity Rank: 550
    Deere Employees Credit Union
    Similarity Rank: 594
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 672
    Choice Financial Group
    Similarity Rank: 832
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 855

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 536 $100,060,000 $186,679 $3,170 4.07%
    FHA 115 $22,085,000 $192,043 $6,374 3.81%
    VA 102 $26,830,000 $263,039 $4,124 3.25%
    USDA 15 $2,285,000 $152,333 $4,070 3.40%
    HELOC 1 $55,000 $55,000 n/a 5.25%

    For 2019, Town And Country Credit Union's most frequently originated type of loan was Conventional, with 536 originations. Their 2nd most popular type was FHA, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 507 $106,785,000 $210,621 $4,430 3.88%
    Cash Out Refi 152 $18,830,000 $123,882 $2,079 4.30%
    Refi 108 $25,610,000 $237,130 $3,336 3.50%
    Home Improvement 2 $90,000 $45,000 $0 5.50%

    For 2019, Town And Country Credit Union's most frequently cited loan purpose was Home Purchase, with 507 originations. The 2nd most popular reason was Cash Out Refi, with 152 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 557 $124,065,000 $222,738 $4,361 3.77%
    15 Year 61 $10,875,000 $178,279 $3,110 3.30%
    Other 61 $5,955,000 $97,623 $1,169 5.01%
    5 Year 51 $4,325,000 $84,804 $660 4.53%
    10 Year 20 $1,750,000 $87,500 $893 4.62%
    20 Year 18 $4,290,000 $238,333 $4,137 4.01%
    1 Year 1 $55,000 $55,000 $0 5.25%

    For 2019, Town And Country Credit Union's most frequently cited loan duration was 30 Year, with 557 originations. The 2nd most popular length was 15 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 366 $64,410,000 $175,984
    $2k-3k 137 $30,675,000 $223,905
    $1k-2k 121 $18,645,000 $154,091
    $3k-4k 57 $16,915,000 $296,754
    $4k-5k 27 $10,715,000 $396,852
    $5k+ 9 $3,945,000 $438,333

    Town And Country Credit Union's average total fees were $4,361, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 366 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 434 $94,440,000 $217,604
    4-5% 220 $37,740,000 $171,545
    2.5-3% 63 $14,455,000 $229,444
    5-6% 49 $4,565,000 $93,163
    6-7% 1 $45,000 $45,000
    7-8% 1 $45,000 $45,000
    Over 8% 1 $25,000 $25,000

    During 2019, Town And Country Credit Union's average interest rate for loans was 3.77%, while their most frequently originated rate bucket for loans was 3-4%, with 434 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 290 $44,610,000 $153,828 $3,324 3.90%
    $200k-400k 288 $76,810,000 $266,701 $4,638 3.71%
    $100,000 or less 144 $8,300,000 $57,639 $1,208 4.43%
    $400k-600k 44 $19,700,000 $447,727 $5,974 3.61%
    $600k-1MM 3 $1,895,000 $631,667 $4,131 4.22%

    2019 saw Town And Country Credit Union place emphasis on $100k-200k loans with 290 originations, totaling $44,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 179 $32,605,000 $182,151 $3,682 3.86%
    $50k or less 162 $25,520,000 $157,531 $3,043 3.72%
    $100k-150k 156 $34,760,000 $222,821 $3,893 3.90%
    $75k-100k 133 $25,135,000 $188,985 $3,721 3.98%
    $150k-250k 72 $20,130,000 $279,583 $4,299 3.96%
    $250k+ 27 $7,585,000 $280,926 $4,382 3.80%

    Town And Country Credit Union lent most frequently to those with incomes in the $50k-75k range, with 179 originations. The second most popular income band? $50k or less, with 162 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 137 $27,215,000 $198,650 $3,421 3.82%
    30-36% 137 $27,675,000 $202,007 $3,728 3.82%
    <20% 53 $10,455,000 $197,264 $3,835 3.86%
    50-60% 48 $9,630,000 $200,625 $5,534 3.86%
    39% 33 $7,305,000 $221,364 $4,446 4.01%
    42% 32 $6,180,000 $193,125 $3,382 4.11%
    43% 32 $6,050,000 $189,063 $3,306 4.09%
    40% 31 $5,165,000 $166,613 $3,237 4.20%
    44% 30 $6,000,000 $200,000 $4,013 3.99%
    36% 30 $5,420,000 $180,667 $3,331 3.68%
    37% 24 $4,580,000 $190,833 $3,947 3.78%
    38% 22 $3,170,000 $144,091 $2,633 4.01%
    41% 20 $3,410,000 $170,500 $3,016 4.13%
    47% 18 $3,430,000 $190,556 $3,475 3.69%
    48% 17 $3,345,000 $196,765 $4,298 3.72%
    45% 17 $3,615,000 $212,647 $3,966 3.81%
    46% 15 $3,425,000 $228,333 $3,993 4.01%
    49% 14 $3,480,000 $248,571 $4,764 3.99%
    >60% 3 $315,000 $105,000 $0 5.50%

    Town And Country Credit Union lent most frequently to those with DTI ratios of 20-30%, with 137 originations. The next most common DTI ratio? 30-36%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 659 $131,755,000 $199,932 $3,680 3.87%
    Not provided 51 $10,235,000 $200,686 $4,029 3.81%
    Black 18 $3,700,000 $205,556 $4,556 3.96%
    Not applicable 29 $3,345,000 $115,345 $0 5.08%
    Asian 9 $1,685,000 $187,222 $2,479 3.88%
    American Indian 3 $595,000 $198,333 $4,123 3.87%

    Approval Rates

    Total approvals of all applications
    97.08%

    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
    79.06%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 769 $151,315,000 $196,769

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $1,250,000 $156,250
    Single Family (1-4 Units):Site-Built 761 $150,065,000 $197,194

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $3,565,000 $91,410 $1,318 4.43%
    40-60% 52 $7,270,000 $139,808 $2,721 3.96%
    60-80% 175 $38,895,000 $222,257 $3,843 3.91%
    80-100% 429 $93,425,000 $217,774 $4,360 3.81%
    Over 100% 25 $6,315,000 $252,600 $5,802 3.34%
    Under 20% 49 $1,845,000 $37,653 $449 4.68%