Tri Boro Mortgage Rates, Fees & Info

Munhall, PA

LEI: 5493008YRTIU0FNCTY07

Tax ID: 25-0974219

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

    Tri Boro is a smaller mortgage company specializing in Home Purchase and Refi 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 5.78% 11/21/24
    30 Year Conventional Refi 5.82% 11/21/24
    30 Year Cash-out Refi 4.64% 11/21/24
    15 Year Conventional Purchase 8.77% 11/21/24
    15 Year Conventional Refi 5.76% 11/21/24
    15 Year Cash-out Refi 5.76% 11/21/24
    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.

    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

    92

    Origination Dollar Volume (All Markets)

    $7,840,000

    Awards

    TRI BORO 30 Year Conventional Loans gold TRI BORO 30 Year Conventional Loans silver TRI BORO 30 Year Conventional Loans silver
    Show all (3) 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
    PITTSBURGH, PA (FHA|USDA|VA) 92 $7,840,000 $85,217 $1,615 4.80%
    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.

    Westmoreland Federal Savings
    Similarity Rank: 12
    TRI BORO
    Similarity Rank: 25
    Commercial Bank and Trust of PA
    Similarity Rank: 57
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 88
    West View Savings Bank
    Similarity Rank: 102
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 152
    M. S. Flynn, Inc.
    Similarity Rank: 204
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 348
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 570
    The Farmers National Bank of Emlenton
    Similarity Rank: 700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $7,090,000 $93,289 $1,615 4.70%
    HELOC 16 $750,000 $46,875 n/a 5.28%

    For 2018, Tri Boro's most frequently originated type of loan was Conventional, with 76 originations. Their 2nd most popular type was HELOC, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $4,255,000 $137,258 $2,872 4.25%
    Other 22 $940,000 $42,727 $241 5.25%
    Refi 20 $1,590,000 $79,500 $1,016 5.15%
    Home Improvement 13 $415,000 $31,923 $249 4.84%
    Cash Out Refi 6 $640,000 $106,667 $1,697 4.78%

    For 2018, Tri Boro's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Other, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 24 $3,480,000 $145,000 $2,862 4.45%
    15 Year 19 $1,625,000 $85,526 $1,260 5.04%
    10 Year 17 $585,000 $34,412 $242 5.06%
    Other 15 $705,000 $47,000 $249 5.00%
    20 Year 11 $1,285,000 $116,818 $2,252 4.61%
    5 Year 5 $95,000 $19,000 $249 4.64%
    30+ year 1 $65,000 $65,000 $2,210 4.25%

    For 2018, Tri Boro's most frequently cited loan duration was 30 Year, with 24 originations. The 2nd most popular length was 15 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 35 $4,645,000 $132,714
    $1k-2k 2 $600,000 $300,000

    Tri Boro's average total fees were $2,862, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 35 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 49 $4,845,000 $98,878
    3-4% 21 $1,695,000 $80,714
    5-6% 11 $775,000 $70,455
    6-7% 6 $270,000 $45,000
    7-8% 3 $105,000 $35,000
    Over 8% 2 $150,000 $75,000

    During 2018, Tri Boro's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 4-5%, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 63 $2,805,000 $44,524 $801 4.86%
    $100k-200k 22 $3,080,000 $140,000 $2,736 4.76%
    $200k-400k 7 $1,955,000 $279,286 $4,114 4.44%

    2018 saw Tri Boro place emphasis on $100,000 or less loans with 63 originations, totaling $2,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $1,405,000 $52,037 $1,104 4.92%
    $50k-75k 24 $2,420,000 $100,833 $1,733 5.01%
    $75k-100k 20 $1,780,000 $89,000 $1,876 4.80%
    $100k-150k 14 $1,740,000 $124,286 $2,425 4.52%
    $150k-250k 5 $345,000 $69,000 $957 4.35%
    $250k+ 2 $150,000 $75,000 $1,395 3.88%

    Tri Boro lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 33 $2,835,000 $85,909 $1,901 4.77%
    <20% 28 $2,360,000 $84,286 $1,726 4.82%
    30-36% 16 $1,380,000 $86,250 $1,329 4.50%
    50-60% 4 $210,000 $52,500 $280 6.30%
    41% 3 $245,000 $81,667 $1,873 4.86%
    43% 2 $30,000 $15,000 $249 5.43%
    36% 2 $340,000 $170,000 $2,789 3.81%
    46% 1 $15,000 $15,000 $249 3.25%
    44% 1 $45,000 $45,000 $0 5.00%
    40% 1 $325,000 $325,000 $2,450 5.85%
    45% 1 $55,000 $55,000 $249 4.99%

    Tri Boro lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? <20%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $7,565,000 $86,954 $1,649 4.77%
    Black 5 $275,000 $55,000 $1,131 5.36%

    Approval Rates

    Total approvals of all applications
    99.05%

    Tri Boro 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
    90.22%

    Tri Boro has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 92 $7,840,000 $85,217

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 92 $7,840,000 $85,217

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $900,000 $50,000 $425 5.22%
    40-60% 14 $1,340,000 $95,714 $1,801 4.74%
    60-80% 20 $1,840,000 $92,000 $1,864 4.58%
    80-100% 25 $3,365,000 $134,600 $2,530 4.78%
    Under 20% 15 $395,000 $26,333 $241 4.68%