Town Bank N.a. Mortgage Rates, Fees & Info
Hartland, WILEI: 54930037K28BC4GVBU20
Tax ID: 39-1934783
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Mortgage Data
Review & Overview
Town Bank N.a. is a smaller bank specializing in Home Purchase and Refi loans. Town Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Madison, Racine, Los Angeles, and Phoenix among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)Town Bank N.a. 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.
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Originations
126Origination Dollar Volume (All Markets)
$146,830,000Top 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 |
|---|---|---|---|---|---|
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 45 | $60,875,000 | $1,352,778 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 21 | $23,285,000 | $1,108,810 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 5 | $19,005,000 | $3,801,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $8,225,000 | $1,175,000 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $6,735,000 | $612,273 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $4,780,000 | $1,195,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 3 | $4,255,000 | $1,418,333 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 4 | $2,780,000 | $695,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $2,605,000 | $2,605,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 3 | $2,535,000 | $845,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 5 | $1,745,000 | $349,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,540,000 | $770,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 126 | $146,830,000 | $1,165,317 | $0 | 0.00% |
For 2023, Town Bank N.a.'s most frequently originated type of loan was Conventional, with 126 originations.
Loan Reason
For 2023, Town Bank N.a.'s most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 126 | $146,830,000 | $1,165,317 | $0 | 0.00% |
For 2023, Town Bank N.a.'s most frequently cited loan duration was Other, with 126 originations.
Loan Sizing
2023 saw Town Bank N.a. place emphasis on $600k-1MM loans with 41 originations, totaling $32,525,000 in origination value.
Applicant Income
Town Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 53 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 126 | $146,830,000 | $1,165,317 | $0 | 0.00% |
Town Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 126 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.07%
Town Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.95%
Town Bank N.a. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 126 | $146,830,000 | $1,165,317 |