Tri-county Bank Mortgage Rates, Fees & Info
Brown City, MILEI: 549300KNV94E4Y2HSK54
Tax ID: 38-0377226
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Tri-county Bank is a smaller bank specializing in Home Purchase loans. Tri-county Bank has a high proportion of conventional loans. Their top two markets are Detroit and Flint .Tri-county Bank 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.
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Originations
48Origination Dollar Volume (All Markets)
$8,530,000Top 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 22 | $4,960,000 | $225,455 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $3,225,000 | $129,000 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $8,530,000 | $177,708 | $0 | 0.00% |
For 2024, Tri-county Bank's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
For 2024, Tri-county Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $8,530,000 | $177,708 | $0 | 0.00% |
For 2024, Tri-county Bank's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2024 saw Tri-county Bank place emphasis on $100,000 or less loans with 18 originations, totaling $980,000 in origination value.
Applicant Income
Tri-county Bank lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $8,530,000 | $177,708 | $0 | 0.00% |
Tri-county Bank lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 42 | $7,300,000 | $173,810 | $0 | 0.00% |
| Not applicable | 6 | $1,230,000 | $205,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications79.10%
Tri-county Bank has a below average approval rate.
Pick Rate
Approvals leading to origination89.58%
Tri-county Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $8,530,000 | $177,708 |