Tct Mortgage Rates, Fees & Info

Ballston Spa, NY

LEI: 549300A23PXRZCMYM504

Tax ID: 14-1512118

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Tct is a smaller mortgage company specializing in Cash Out Refi loans. Tct has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Glens Falls, and Amsterdam among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tct has an average approval rate when compared to the average across all lenders. They have a below 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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    Originations

    71

    Origination Dollar Volume (All Markets)

    $6,485,000

    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
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 41 $3,885,000 $94,756 $0 0.00%
    GLENS FALLS, NY (FHA|USDA|VA) 27 $2,445,000 $90,556 $0 0.00%
    Outside of Metro Areas 2 $120,000 $60,000 $0 0.00%
    Amsterdam, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Tct's top markets include Albany, Glens Falls, and Amsterdam among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $6,485,000 $91,338 $0 0.00%

    For 2024, Tct's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 54 $5,340,000 $98,889 $0 0.00%
    Home Improvement 16 $1,020,000 $63,750 $0 0.00%
    Refi 1 $125,000 $125,000 $0 0.00%

    For 2024, Tct's most frequently cited loan purpose was Cash Out Refi, with 54 originations. The 2nd most popular reason was Home Improvement, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 71 $6,485,000 $91,338 $0 0.00%

    For 2024, Tct's most frequently cited loan duration was Other, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 45 $2,465,000 $54,778 $0 0.00%
    $100k-200k 21 $2,875,000 $136,905 $0 0.00%
    $200k-400k 5 $1,145,000 $229,000 $0 0.00%

    2024 saw Tct place emphasis on $100,000 or less loans with 45 originations, totaling $2,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $2,135,000 $101,667 $0 0.00%
    $150k-250k 19 $1,925,000 $101,316 $0 0.00%
    $75k-100k 15 $1,205,000 $80,333 $0 0.00%
    $50k-75k 13 $965,000 $74,231 $0 0.00%
    $50k or less 3 $255,000 $85,000 $0 0.00%

    Tct lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $1,480,000 $82,222 $0 0.00%
    30-36% 10 $960,000 $96,000 $0 0.00%
    <20% 6 $630,000 $105,000 $0 0.00%
    38% 5 $445,000 $89,000 $0 0.00%
    36% 4 $360,000 $90,000 $0 0.00%
    48% 4 $310,000 $77,500 $0 0.00%
    41% 3 $195,000 $65,000 $0 0.00%
    40% 3 $205,000 $68,333 $0 0.00%
    46% 3 $255,000 $85,000 $0 0.00%
    47% 3 $245,000 $81,667 $0 0.00%
    45% 2 $220,000 $110,000 $0 0.00%
    50-60% 2 $130,000 $65,000 $0 0.00%
    >60% 2 $350,000 $175,000 $0 0.00%
    37% 2 $130,000 $65,000 $0 0.00%
    39% 2 $140,000 $70,000 $0 0.00%
    43% 2 $430,000 $215,000 $0 0.00%

    Tct lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $6,195,000 $89,783 $0 0.00%
    Asian 2 $290,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    74.77%

    Tct has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    87.32%

    Tct has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 71 $6,485,000 $91,338

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    71 $6,485,000 $91,338