Tri-county Bank Mortgage Rates, Fees & Info
Brown City, MILEI: 549300KNV94E4Y2HSK54
Tax ID: 38-0377226
Latest/2023 | 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 markets by origination volume include: Detroit, Flint, Punta Gorda, Monroe, and Bowling Green among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Tri-county Bank 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
62Origination Dollar Volume (All Markets)
$18,690,000Top 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) | 32 | $14,510,000 | $453,438 | $0 | 0.00% |
| Outside of Metro Areas | 23 | $2,745,000 | $119,348 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $18,690,000 | $301,452 | $0 | 0.00% |
For 2023, Tri-county Bank's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2023, Tri-county Bank's most frequently cited loan purpose was Home Purchase, with 37 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 | 62 | $18,690,000 | $301,452 | $0 | 0.00% |
For 2023, Tri-county Bank's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2023 saw Tri-county Bank place emphasis on $100k-200k loans with 21 originations, totaling $3,035,000 in origination value.
Applicant Income
Tri-county Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $18,690,000 | $301,452 | $0 | 0.00% |
Tri-county Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.50%
Tri-county Bank has a below average approval rate.
Pick Rate
Approvals leading to origination93.55%
Tri-county Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $18,690,000 | $301,452 |