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

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  • 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 and Refi 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, Wahpeton, and Minneapolis among others. We have data for 28 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.43% 11/22/24
    30 Year Conventional Refi 6.23% 11/22/24
    30 Year Cash-out Refi 6.65% 11/22/24
    30 Year FHA Purchase 7.12% 11/22/24
    30 Year FHA Refi 6.76% 11/22/24
    30 Year VA Purchase 5.59% 11/22/24
    30 Year VA Refi 5.60% 11/22/24
    30 Year USDA Purchase 6.08% 11/22/24
    15 Year Conventional Purchase 5.77% 11/22/24
    15 Year Conventional Refi 5.98% 11/22/24
    15 Year Cash-out Refi 5.98% 11/22/24
    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

    1,196

    Origination Dollar Volume (All Markets)

    $269,910,000
    Show all (14) 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) 627 $141,175,000 $225,159 $3,836 2.84%
    Minot, ND (FHA|USDA|VA) 396 $86,640,000 $218,788 $4,283 2.69%
    Outside of Metro Areas 82 $17,530,000 $213,780 $4,102 2.68%
    Fergus Falls, MN (FHA|USDA|VA) 23 $5,945,000 $258,478 $4,179 2.82%
    Wahpeton, ND-MN (FHA|USDA|VA) 13 $3,235,000 $248,846 $3,928 2.51%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 7 $2,275,000 $325,000 $4,554 2.75%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $1,500,000 $250,000 $4,379 2.31%
    BISMARCK, ND (FHA|USDA|VA) 7 $1,315,000 $187,857 $4,752 2.60%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,230,000 $307,500 $5,786 2.84%
    Williston, ND (FHA|USDA|VA) 4 $1,060,000 $265,000 $7,658 2.72%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 4 $830,000 $207,500 $3,153 3.06%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $750,000 $375,000 $5,641 3.88%
    Stillwater, OK (FHA|USDA|VA) 2 $740,000 $370,000 $8,541 3.19%
    ST. CLOUD, MN (FHA|USDA|VA) 2 $660,000 $330,000 $5,102 2.56%
    Jamestown, ND (FHA|USDA|VA) 2 $610,000 $305,000 $6,634 2.56%
    Alexandria, MN (FHA|USDA|VA) 2 $560,000 $280,000 $4,649 2.56%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $560,000 $280,000 $0 3.95%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $485,000 $485,000 $11,879 2.25%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $455,000 $455,000 $6,566 2.75%
    RAPID CITY, SD (FHA|USDA|VA) 1 $395,000 $395,000 $6,016 2.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $365,000 $365,000 $2,589 3.38%
    Bemidji, MN (FHA|USDA|VA) 1 $355,000 $355,000 $4,879 2.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $345,000 $345,000 $2,925 2.25%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,995 2.38%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $205,000 $205,000 $3,854 2.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $185,000 $185,000 $3,458 3.25%
    SALEM, OR (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.25%
    Town And Country Credit Union's top markets include Fargo, Minot, Fergus Falls, Wahpeton, and Minneapolis among others.

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

    American Bank Center
    Similarity Rank: 204
    Dacotah Bank
    Similarity Rank: 490
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 602
    Tradition Mortgage, LLC
    Similarity Rank: 615
    CAPITAL CREDIT UNION
    Similarity Rank: 684
    VALLEY MORTGAGE, INC.
    Similarity Rank: 1037
    Starion Bank
    Similarity Rank: 1044
    Western State Bank
    Similarity Rank: 1204
    Deere Employees Credit Union
    Similarity Rank: 1228
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 1357

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 910 $201,920,000 $221,890 $3,677 2.84%
    FHA 134 $29,200,000 $217,910 $7,142 2.73%
    VA 126 $33,700,000 $267,460 $4,742 2.36%
    USDA 24 $4,590,000 $191,250 $4,901 2.41%
    HELOC 2 $500,000 $250,000 n/a 4.00%

    For 2021, Town And Country Credit Union's most frequently originated type of loan was Conventional, with 910 originations. Their 2nd most popular type was FHA, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 683 $162,225,000 $237,518 $4,788 2.82%
    Refi 307 $65,625,000 $213,762 $3,339 2.54%
    Cash Out Refi 206 $42,060,000 $204,175 $3,474 2.95%

    For 2021, Town And Country Credit Union's most frequently cited loan purpose was Home Purchase, with 683 originations. The 2nd most popular reason was Refi, with 307 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 885 $206,905,000 $233,791 $4,451 2.74%
    15 Year 170 $32,840,000 $193,176 $3,277 2.30%
    Other 41 $7,865,000 $191,829 $2,849 3.81%
    5 Year 38 $11,090,000 $291,842 $584 3.96%
    10 Year 31 $4,715,000 $152,097 $2,194 3.41%
    20 Year 30 $6,330,000 $211,000 $3,304 2.59%
    3 Year 1 $165,000 $165,000 $0 4.50%

    For 2021, Town And Country Credit Union's most frequently cited loan duration was 30 Year, with 885 originations. The 2nd most popular length was 15 Year, with 170 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 433 $88,305,000 $203,938
    $1k-2k 276 $49,770,000 $180,326
    $2k-3k 230 $51,790,000 $225,174
    $3k-4k 126 $35,990,000 $285,635
    $4k-5k 45 $17,085,000 $379,667
    $5k+ 21 $10,995,000 $523,571

    Town And Country Credit Union's average total fees were $4,451, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 433 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 486 $110,040,000 $226,420
    2.5-3% 468 $106,410,000 $227,372
    3-4% 187 $46,755,000 $250,027
    4-5% 46 $5,730,000 $124,565
    5-6% 9 $975,000 $108,333

    During 2021, Town And Country Credit Union's average interest rate for loans was 2.74%, while their most frequently originated rate bucket for loans was <2.5%, with 486 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 559 $150,335,000 $268,936 $4,728 2.70%
    $100k-200k 454 $70,930,000 $156,233 $3,219 2.77%
    $100,000 or less 109 $7,405,000 $67,936 $1,792 3.19%
    $400k-600k 70 $33,310,000 $475,857 $6,199 2.63%
    $1MM+ 3 $7,125,000 $2,375,000 $13,424 3.37%
    $600k-1MM 1 $805,000 $805,000 $0 4.00%

    2021 saw Town And Country Credit Union place emphasis on $200k-400k loans with 559 originations, totaling $150,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 317 $60,805,000 $191,814 $3,847 2.78%
    $100k-150k 227 $57,465,000 $253,150 $4,554 2.68%
    $50k or less 221 $37,275,000 $168,665 $3,141 2.67%
    $75k-100k 207 $46,565,000 $224,952 $4,328 2.73%
    $150k-250k 118 $31,480,000 $266,780 $4,202 2.81%
    $250k+ 47 $18,765,000 $399,255 $5,013 2.97%

    Town And Country Credit Union lent most frequently to those with incomes in the $50k-75k range, with 317 originations. The second most popular income band? $100k-150k, with 227 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 284 $60,610,000 $213,415 $3,707 2.69%
    30-36% 203 $46,765,000 $230,369 $4,309 2.75%
    <20% 97 $18,795,000 $193,763 $3,480 2.63%
    40% 52 $10,750,000 $206,731 $3,906 2.83%
    38% 50 $10,850,000 $217,000 $4,303 2.79%
    36% 47 $11,245,000 $239,255 $4,244 2.76%
    41% 43 $9,535,000 $221,744 $4,354 2.85%
    39% 42 $8,960,000 $213,333 $4,088 2.85%
    42% 41 $8,115,000 $197,927 $4,178 2.99%
    43% 39 $9,805,000 $251,410 $4,511 2.87%
    50-60% 36 $9,700,000 $269,444 $6,414 2.70%
    37% 35 $8,595,000 $245,571 $4,633 2.82%
    44% 33 $6,495,000 $196,818 $3,867 3.04%
    45% 28 $6,410,000 $228,929 $5,590 2.73%
    46% 25 $6,205,000 $248,200 $4,137 2.78%
    48% 23 $5,015,000 $218,043 $4,139 2.77%
    49% 23 $5,885,000 $255,870 $5,229 2.61%
    47% 21 $5,055,000 $240,714 $5,514 2.62%

    Town And Country Credit Union lent most frequently to those with DTI ratios of 20-30%, with 284 originations. The next most common DTI ratio? 30-36%, with 203 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,004 $222,580,000 $221,693 $4,067 2.73%
    Not provided 96 $21,060,000 $219,375 $3,512 2.76%
    Not applicable 30 $10,060,000 $335,333 $0 4.02%
    Black 36 $8,490,000 $235,833 $6,056 2.81%
    Asian 14 $4,320,000 $308,571 $4,320 2.83%
    American Indian 10 $2,100,000 $210,000 $5,004 2.64%
    Asian Indian 2 $510,000 $255,000 $2,926 2.25%
    Guamanian 1 $345,000 $345,000 $7,647 2.25%
    Other Pacific Islander 1 $245,000 $245,000 $2,991 2.25%
    Other Asian 1 $145,000 $145,000 $0 3.25%
    Korean 1 $55,000 $55,000 $2,519 2.13%

    Approval Rates

    Total approvals of all applications
    97.83%

    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
    83.28%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,196 $269,910,000 $225,677

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,196 $269,910,000 $225,677

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $4,540,000 $113,500 $2,204 3.11%
    40-60% 98 $16,580,000 $169,184 $2,926 2.58%
    60-80% 359 $83,865,000 $233,607 $3,806 2.75%
    80-100% 640 $153,020,000 $239,094 $4,518 2.75%
    Over 100% 32 $10,070,000 $314,688 $8,452 2.41%
    Under 20% 27 $1,835,000 $67,963 $710 4.17%