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, Wahpeton, Bismarck, and Phoenix among others. We have data for 18 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.43% 11/17/24
    30 Year Conventional Refi 6.23% 11/17/24
    30 Year Cash-out Refi 6.65% 11/17/24
    30 Year FHA Purchase 7.12% 11/17/24
    30 Year FHA Refi 6.76% 11/17/24
    30 Year VA Purchase 5.59% 11/17/24
    30 Year VA Refi 5.60% 11/17/24
    30 Year USDA Purchase 6.08% 11/17/24
    15 Year Conventional Purchase 5.77% 11/17/24
    15 Year Conventional Refi 5.98% 11/17/24
    15 Year Cash-out Refi 5.98% 11/17/24
    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

    628

    Origination Dollar Volume (All Markets)

    $142,300,000
    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) 300 $70,590,000 $235,300 $4,260 4.64%
    Minot, ND (FHA|USDA|VA) 244 $53,480,000 $219,180 $5,193 4.39%
    Outside of Metro Areas 40 $7,400,000 $185,000 $5,017 4.51%
    Wahpeton, ND-MN (FHA|USDA|VA) 12 $2,240,000 $186,667 $4,787 4.94%
    BISMARCK, ND (FHA|USDA|VA) 6 $1,970,000 $328,333 $6,763 4.21%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,155,000 $385,000 $10,423 5.58%
    Williston, ND (FHA|USDA|VA) 4 $1,090,000 $272,500 $4,889 4.47%
    Alexandria, MN (FHA|USDA|VA) 2 $720,000 $360,000 $5,569 5.12%
    Fergus Falls, MN (FHA|USDA|VA) 4 $680,000 $170,000 $3,697 4.57%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $655,000 $218,333 $0 4.92%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 3 $655,000 $218,333 $4,022 4.58%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $355,000 $355,000 $5,928 5.50%
    Aberdeen, SD (FHA|USDA|VA) 1 $315,000 $315,000 $3,121 2.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,437 3.13%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $255,000 $255,000 $1,767 4.51%
    Dickinson, ND (FHA|USDA|VA) 1 $245,000 $245,000 $4,291 5.00%
    ROCHESTER, MN (FHA|USDA|VA) 1 $115,000 $115,000 $3,233 2.38%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $1,272 5.49%
    Town And Country Credit Union's top markets include Fargo, Minot, Wahpeton, Bismarck, and Phoenix among others.

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

    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 180
    VALLEY MORTGAGE, INC.
    Similarity Rank: 200
    American Bank Center
    Similarity Rank: 270
    AFFINITY PLUS
    Similarity Rank: 280
    Union State Bank of Fargo
    Similarity Rank: 280
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 375
    Tradition Mortgage, LLC
    Similarity Rank: 440
    CAPITAL CREDIT UNION
    Similarity Rank: 448
    Merchants Bank
    Similarity Rank: 522
    Western State Bank
    Similarity Rank: 570

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 471 $105,425,000 $223,832 $4,025 4.64%
    FHA 77 $16,465,000 $213,831 $8,765 4.44%
    VA 67 $18,105,000 $270,224 $6,089 4.02%
    USDA 13 $2,305,000 $177,308 $6,042 3.90%

    For 2022, Town And Country Credit Union's most frequently originated type of loan was Conventional, with 471 originations. Their 2nd most popular type was FHA, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 473 $112,845,000 $238,573 $5,550 4.52%
    Cash Out Refi 123 $21,885,000 $177,927 $2,324 4.76%
    Refi 27 $6,685,000 $247,593 $4,606 3.80%
    Home Improvement 4 $840,000 $210,000 $0 4.62%
    Other 1 $45,000 $45,000 $0 4.25%

    For 2022, Town And Country Credit Union's most frequently cited loan purpose was Home Purchase, with 473 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 468 $112,400,000 $240,171 $5,583 4.50%
    Other 58 $9,500,000 $163,793 $2,468 4.98%
    10 Year 37 $2,355,000 $63,649 $537 4.82%
    15 Year 32 $6,610,000 $206,563 $4,501 3.76%
    5 Year 31 $10,845,000 $349,839 $266 4.61%
    1 Year 2 $590,000 $295,000 $0 5.38%

    For 2022, Town And Country Credit Union's most frequently cited loan duration was 30 Year, with 468 originations. The 2nd most popular length was Other, with 58 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 208 $35,260,000 $169,519
    $2k-3k 111 $22,695,000 $204,459
    $3k-4k 104 $28,150,000 $270,673
    $1k-2k 76 $11,440,000 $150,526
    $4k-5k 51 $17,445,000 $342,059
    $5k+ 29 $12,415,000 $428,103

    Town And Country Credit Union's average total fees were $5,583, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 208 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 242 $59,030,000 $243,926
    5-6% 140 $26,380,000 $188,429
    3-4% 132 $31,510,000 $238,712
    2.5-3% 51 $12,235,000 $239,902
    6-7% 43 $8,695,000 $202,209
    <2.5% 16 $3,660,000 $228,750
    7-8% 3 $715,000 $238,333
    Over 8% 1 $75,000 $75,000

    During 2022, Town And Country Credit Union's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 242 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 305 $83,335,000 $273,230 $5,963 4.42%
    $100k-200k 188 $29,610,000 $157,500 $3,926 4.60%
    $100,000 or less 100 $5,900,000 $59,000 $1,101 4.87%
    $400k-600k 28 $13,300,000 $475,000 $7,203 4.25%
    $600k-1MM 4 $2,530,000 $632,500 $8,383 4.09%
    $1MM+ 3 $7,625,000 $2,541,667 $17,298 4.36%

    2022 saw Town And Country Credit Union place emphasis on $200k-400k loans with 305 originations, totaling $83,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 186 $34,030,000 $182,957 $4,292 4.53%
    $100k-150k 132 $32,880,000 $249,091 $4,777 4.61%
    $75k-100k 120 $27,650,000 $230,417 $5,092 4.50%
    $150k-250k 64 $15,290,000 $238,906 $4,670 4.62%
    $50k or less 63 $8,845,000 $140,397 $3,871 4.22%
    $250k+ 28 $10,210,000 $364,643 $6,287 4.52%

    Town And Country Credit Union lent most frequently to those with incomes in the $50k-75k range, with 186 originations. The second most popular income band? $100k-150k, with 132 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 111 $24,515,000 $220,856 $5,003 4.51%
    20-30% 105 $20,995,000 $199,952 $4,109 4.44%
    <20% 36 $7,200,000 $200,000 $4,555 4.33%
    50-60% 36 $8,470,000 $235,278 $6,159 4.17%
    42% 34 $6,550,000 $192,647 $3,905 4.78%
    43% 32 $6,870,000 $214,688 $4,998 4.73%
    39% 28 $6,350,000 $226,786 $3,786 4.89%
    41% 28 $5,710,000 $203,929 $3,929 4.36%
    36% 27 $6,015,000 $222,778 $4,356 4.42%
    38% 25 $4,765,000 $190,600 $4,831 4.47%
    40% 24 $4,250,000 $177,083 $4,316 4.58%
    37% 22 $4,600,000 $209,091 $4,282 4.53%
    44% 21 $5,615,000 $267,381 $6,183 4.84%
    48% 19 $4,885,000 $257,105 $5,329 4.26%
    45% 18 $4,560,000 $253,333 $5,841 4.82%
    46% 14 $3,420,000 $244,286 $4,608 4.53%
    49% 11 $2,855,000 $259,545 $7,229 4.89%
    47% 10 $3,050,000 $305,000 $7,089 5.04%
    >60% 1 $45,000 $45,000 $0 4.25%

    Town And Country Credit Union lent most frequently to those with DTI ratios of 30-36%, with 111 originations. The next most common DTI ratio? 20-30%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 497 $105,205,000 $211,680 $4,503 4.54%
    Not provided 55 $13,495,000 $245,364 $5,895 4.52%
    Not applicable 25 $11,415,000 $456,600 $0 4.69%
    Black 27 $6,985,000 $258,704 $6,327 4.23%
    Asian 13 $3,235,000 $248,846 $4,381 4.72%
    American Indian 10 $1,620,000 $162,000 $3,627 4.38%
    Native Hawaiian or Islander 1 $345,000 $345,000 $8,864 4.50%

    Approval Rates

    Total approvals of all applications
    97.65%

    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
    74.20%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 628 $142,300,000 $226,592

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    628 $142,300,000 $226,592

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $3,190,000 $113,929 $1,749 4.72%
    40-60% 42 $12,760,000 $303,810 $3,571 4.67%
    60-80% 153 $37,345,000 $244,085 $5,148 4.39%
    80-100% 330 $79,530,000 $241,000 $5,440 4.50%
    Over 100% 27 $7,245,000 $268,333 $8,857 4.33%
    Under 20% 48 $2,230,000 $46,458 $373 5.11%