Town And Country Bank Mortgage Rates, Fees & Info
Springfield, ILLEI: 54930055WXO1SUC1AH62
Tax ID: 37-0808754
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Town And Country Bank is a smaller bank specializing in Home Purchase and Refi loans. Town And Country Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, St. Louis, Bloomington, Lincoln, and Quincy among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Town And Country Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 3/24/24 |
| 30 Year Conventional Refi | 6.27% | 3/24/24 |
| 30 Year Cash-out Refi | 6.27% | 3/24/24 |
| 30 Year FHA Purchase | 6.27% | 3/24/24 |
| 30 Year VA Purchase | 6.27% | 3/24/24 |
| 30 Year USDA Purchase | 6.27% | 3/24/24 |
| 15 Year Conventional Purchase | 5.68% | 3/24/24 |
| 15 Year Conventional Refi | 5.68% | 3/24/24 |
| 15 Year Cash-out Refi | 5.68% | 3/24/24 |
| 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 Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
92Origination Dollar Volume (All Markets)
$15,490,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, IL (FHA|USDA|VA) | 34 | $4,650,000 | $136,765 | $554 | 5.44% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 22 | $3,510,000 | $159,545 | $478 | 5.06% |
| Outside of Metro Areas | 5 | $2,075,000 | $415,000 | $0 | 4.70% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $796 | 4.25% |
| Lincoln, IL (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $471 | 5.37% |
| Quincy, IL-MO (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $0 | 5.04% |
| DECATUR, IL (FHA|USDA|VA) | 8 | $860,000 | $107,500 | $478 | 5.94% |
| Jacksonville, IL (FHA|USDA|VA) | 8 | $430,000 | $53,750 | $641 | 5.63% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 5.41% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.50% |
| Taylorville, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $789 | 6.39% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 92 | $15,490,000 | $168,370 | $546 | 5.29% |
For 2022, Town And Country Bank's most frequently originated type of loan was Conventional, with 92 originations.
Loan Reason
For 2022, Town And Country Bank's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
For 2022, Town And Country Bank's most frequently cited loan duration was 5 Year, with 30 originations. The 2nd most popular length was 10 Year, with 26 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 25 | $1,135,000 | $45,400 |
Town And Country Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 25 originations.
Interest Rates
During 2022, Town And Country Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 31 originations.
Loan Sizing
2022 saw Town And Country Bank place emphasis on $100,000 or less loans with 52 originations, totaling $2,350,000 in origination value.
Applicant Income
Town And Country Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
Town And Country Bank lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.75%
Town And Country Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.48%
Town And Country Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 92 | $15,490,000 | $168,370 |