Tri Boro Mortgage Rates, Fees & Info

Munhall, PA

LEI: 5493008YRTIU0FNCTY07

Tax ID: 25-0974219

5 stars - Updated: 4/5/25 - out of 5 stars, based on 11 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Tri Boro is a smaller mortgage company specializing in Other and Home Purchase loans. Tri Boro has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.

    Tri Boro 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. Tri Boro 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 6.58% 4/5/25
    30 Year Cash-out Refi 6.72% 4/5/25
    15 Year Conventional Purchase 5.91% 4/5/25
    15 Year Conventional Refi 6.15% 4/5/25
    15 Year Cash-out Refi 6.15% 4/5/25
    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.

    Tri Boro Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Tri Boro. 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

    117

    Origination Dollar Volume (All Markets)

    $10,135,000

    Awards

    TRI BORO 30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Tri Boro's average 30 year fixed mortgage rate was 6.68%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.13%.

    Relative Fees (Closing Costs)

    Tri Boro's average total fees/closing costs for a 30 year fixed rate mortgage were $4,551.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    PITTSBURGH, PA (FHA|USDA|VA) 117 $10,135,000 $86,624 $883 6.58%
    Tri Boro's top markets include and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TRI BORO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRI BORO
    Similarity Rank: 68
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 88
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 105
    Sail Mortgage Corp.
    Similarity Rank: 213
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 304
    Washington Financial Bank
    Similarity Rank: 380
    SOMERSET TRUST COMPANY
    Similarity Rank: 418
    State Financial Network, LLC
    Similarity Rank: 816
    1st Summit Bank
    Similarity Rank: 980
    Mid-Continent Funding, Inc.
    Similarity Rank: 1421

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 101 $8,875,000 $87,871 $883 6.26%
    HELOC 16 $1,260,000 $78,750 n/a 8.58%

    For 2024, Tri Boro's most frequently originated type of loan was Conventional, with 101 originations. Their 2nd most popular type was HELOC, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 48 $3,200,000 $66,667 $213 6.94%
    Home Improvement 31 $1,335,000 $43,065 $176 6.50%
    Home Purchase 17 $3,845,000 $226,176 $3,903 6.56%
    Cash Out Refi 11 $845,000 $76,818 $238 6.16%
    Refi 10 $910,000 $91,000 $797 5.54%

    For 2024, Tri Boro's most frequently cited loan purpose was Other, with 48 originations. The 2nd most popular reason was Home Improvement, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 85 $5,555,000 $65,353 $193 6.42%
    30 Year 14 $3,290,000 $235,000 $4,551 6.68%
    10 Year 7 $345,000 $49,286 $256 7.67%
    20 Year 6 $340,000 $56,667 $198 7.55%
    15 Year 3 $475,000 $158,333 $3,260 6.08%
    5 Year 2 $130,000 $65,000 $248 6.24%

    For 2024, Tri Boro's most frequently cited loan duration was Other, with 85 originations. The 2nd most popular length was 30 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 16 $3,730,000 $233,125

    Tri Boro's average total fees were $4,551, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 16 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 38 $4,980,000 $131,053
    5-6% 28 $1,570,000 $56,071
    Over 8% 20 $1,490,000 $74,500
    4-5% 18 $1,020,000 $56,667
    7-8% 13 $1,075,000 $82,692

    During 2024, Tri Boro's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $3,685,000 $44,398 $180 6.43%
    $100k-200k 22 $3,020,000 $137,273 $1,572 7.00%
    $200k-400k 11 $2,665,000 $242,273 $4,590 6.79%
    $600k-1MM 1 $765,000 $765,000 $5,685 6.88%

    2024 saw Tri Boro place emphasis on $100,000 or less loans with 83 originations, totaling $3,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $1,480,000 $56,923 $400 6.45%
    $100k-150k 25 $2,345,000 $93,800 $601 6.43%
    $75k-100k 24 $1,730,000 $72,083 $1,350 6.79%
    $150k-250k 21 $2,095,000 $99,762 $931 6.68%
    $50k or less 11 $565,000 $51,364 $478 6.54%
    $250k+ 8 $1,870,000 $233,750 $2,411 6.74%

    Tri Boro lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $100k-150k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 46 $3,960,000 $86,087 $950 6.35%
    20-30% 26 $2,540,000 $97,692 $1,521 6.62%
    30-36% 14 $880,000 $62,857 $458 6.56%
    50-60% 6 $800,000 $133,333 $173 6.55%
    39% 4 $470,000 $117,500 $865 6.58%
    48% 4 $240,000 $60,000 $123 7.55%
    38% 4 $420,000 $105,000 $148 6.80%
    36% 2 $70,000 $35,000 $0 8.50%
    49% 1 $65,000 $65,000 $248 7.25%
    >60% 1 $155,000 $155,000 $0 8.50%
    37% 1 $55,000 $55,000 $148 6.09%
    40% 1 $65,000 $65,000 $248 5.09%
    42% 1 $95,000 $95,000 $248 5.99%
    43% 1 $65,000 $65,000 $148 7.59%
    44% 1 $85,000 $85,000 $148 4.99%
    46% 1 $95,000 $95,000 $148 6.49%
    47% 1 $25,000 $25,000 $273 9.59%

    Tri Boro lent most frequently to those with DTI ratios of <20%, with 46 originations. The next most common DTI ratio? 20-30%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $9,390,000 $92,059 $977 6.64%
    Black 11 $385,000 $35,000 $162 6.52%
    Asian 2 $200,000 $100,000 $148 4.99%
    Asian Indian 1 $135,000 $135,000 $148 4.99%
    Other Pacific Islander 1 $25,000 $25,000 $148 4.99%

    Approval Rates

    Total approvals of all applications
    94.62%

    Tri Boro has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.29%

    Tri Boro has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 117 $10,135,000 $86,624

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    117 $10,135,000 $86,624

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $2,520,000 $63,000 $167 6.54%
    40-60% 15 $1,945,000 $129,667 $1,727 6.61%
    60-80% 9 $1,585,000 $176,111 $3,439 6.77%
    80-100% 8 $2,260,000 $282,500 $4,117 7.13%
    Under 20% 45 $1,825,000 $40,556 $187 6.46%