Thumb Bank And Trust Mortgage Rates, Fees & Info

Pigeon, MI

LEI: 549300EJVZTLWGR61E96

Tax ID: 38-0929290

Latest/2023 | 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

    Thumb Bank And Trust is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Thumb Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Bay City, Saginaw, Lansing, Dayton, and Detroit among others. We have data for 8 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 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

    112

    Origination Dollar Volume (All Markets)

    $17,510,000

    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
    Outside of Metro Areas 79 $12,175,000 $154,114 $0 0.00%
    BAY CITY, MI (FHA|USDA|VA) 18 $2,040,000 $113,333 $0 0.00%
    SAGINAW, MI (FHA|USDA|VA) 4 $850,000 $212,500 $0 0.00%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $770,000 $192,500 $0 0.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $550,000 $137,500 $0 0.00%
    MONROE, MI (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Thumb Bank And Trust's top markets include Bay City, Saginaw, Lansing, Dayton, and Detroit among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $17,510,000 $156,339 $0 0.00%

    For 2022, Thumb Bank And Trust's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $9,980,000 $191,923 $0 0.00%
    Cash Out Refi 30 $4,450,000 $148,333 $0 0.00%
    Refi 11 $1,765,000 $160,455 $0 0.00%
    Other 10 $900,000 $90,000 $0 0.00%
    Home Improvement 9 $415,000 $46,111 $0 0.00%

    For 2022, Thumb Bank And Trust's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 112 $17,510,000 $156,339 $0 0.00%

    For 2022, Thumb Bank And Trust's most frequently cited loan duration was Other, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 45 $2,485,000 $55,222 $0 0.00%
    $100k-200k 37 $5,445,000 $147,162 $0 0.00%
    $200k-400k 25 $6,835,000 $273,400 $0 0.00%
    $400k-600k 3 $1,435,000 $478,333 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%

    2022 saw Thumb Bank And Trust place emphasis on $100,000 or less loans with 45 originations, totaling $2,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $2,575,000 $95,370 $0 0.00%
    $100k-150k 20 $2,360,000 $118,000 $0 0.00%
    $50k-75k 20 $2,300,000 $115,000 $0 0.00%
    $75k-100k 19 $2,925,000 $153,947 $0 0.00%
    $150k-250k 9 $2,275,000 $252,778 $0 0.00%
    $250k+ 7 $1,905,000 $272,143 $0 0.00%

    Thumb Bank And Trust lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $100k-150k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 112 $17,510,000 $156,339 $0 0.00%

    Thumb Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $14,100,000 $141,000 $0 0.00%
    Not applicable 9 $2,985,000 $331,667 $0 0.00%
    Not provided 3 $425,000 $141,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.65%

    Thumb Bank And Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Thumb Bank And Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 112 $17,510,000 $156,339

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    112 $17,510,000 $156,339