Thumb Bank And Trust Mortgage Rates, Fees & Info
Pigeon, MILEI: 549300EJVZTLWGR61E96
Tax ID: 38-0929290
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Mortgage Data
Review & Overview
Thumb Bank And Trust is a smaller bank specializing in Home Purchase loans. Thumb Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Bay City, Saginaw, Dayton, Grand Rapids, and Detroit among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Thumb Bank And Trust has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
135Origination Dollar Volume (All Markets)
$18,535,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 114 | $14,310,000 | $125,526 | $0 | 0.00% |
| BAY CITY, MI (FHA|USDA|VA) | 7 | $855,000 | $122,143 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 135 | $18,535,000 | $137,296 | $0 | 0.00% |
For 2023, Thumb Bank And Trust's most frequently originated type of loan was Conventional, with 135 originations.
Loan Reason
For 2023, Thumb Bank And Trust's most frequently cited loan purpose was Home Purchase, with 74 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 |
|---|---|---|---|---|---|
| Other | 135 | $18,535,000 | $137,296 | $0 | 0.00% |
For 2023, Thumb Bank And Trust's most frequently cited loan duration was Other, with 135 originations.
Loan Sizing
2023 saw Thumb Bank And Trust place emphasis on $100,000 or less loans with 62 originations, totaling $3,330,000 in origination value.
Applicant Income
Thumb Bank And Trust lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 135 | $18,535,000 | $137,296 | $0 | 0.00% |
Thumb Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 135 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.03%
Thumb Bank And Trust has a below average approval rate.
Pick Rate
Approvals leading to origination91.11%
Thumb Bank And Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 135 | $18,535,000 | $137,296 |