Tri-county Bank Mortgage Rates, Fees & Info

Brown City, MI

LEI: 549300KNV94E4Y2HSK54

Tax ID: 38-0377226

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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

62

Origination Dollar Volume (All Markets)

$18,690,000

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
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%
Tri-county Bank's top markets include Detroit, Flint, Punta Gorda, Monroe, and Bowling Green among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $14,115,000 $381,486 $0 0.00%
    Refi 11 $3,205,000 $291,364 $0 0.00%
    Cash Out Refi 9 $1,075,000 $119,444 $0 0.00%
    Home Improvement 5 $295,000 $59,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 21 $3,035,000 $144,524 $0 0.00%
    $100,000 or less 20 $1,200,000 $60,000 $0 0.00%
    $200k-400k 14 $3,830,000 $273,571 $0 0.00%
    $400k-600k 5 $2,565,000 $513,000 $0 0.00%
    $1MM+ 1 $7,335,000 $7,335,000 $0 0.00%
    $600k-1MM 1 $725,000 $725,000 $0 0.00%

    2023 saw Tri-county Bank place emphasis on $100k-200k loans with 21 originations, totaling $3,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $3,520,000 $220,000 $0 0.00%
    $150k-250k 7 $1,635,000 $233,571 $0 0.00%
    $50k-75k 7 $815,000 $116,429 $0 0.00%
    $250k+ 5 $1,395,000 $279,000 $0 0.00%
    $75k-100k 5 $1,045,000 $209,000 $0 0.00%
    $50k or less 4 $390,000 $97,500 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $9,460,000 $181,923 $0 0.00%
    Not applicable 9 $9,035,000 $1,003,889 $0 0.00%
    American Indian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.50%

    Tri-county Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.55%

    Tri-county Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 62 $18,690,000 $301,452

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    62 $18,690,000 $301,452