Tri-county Bank Mortgage Rates, Fees & Info

Brown City, MI

LEI: 549300KNV94E4Y2HSK54

Tax ID: 38-0377226

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

    Tri-county Bank is a smaller bank specializing in Home Purchase and Refi loans. Tri-county Bank has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Flint, Saginaw, Phoenix, and Lansing among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tri-county Bank has an above average approval rate when compared to the average across all lenders. They have an above 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

    124

    Origination Dollar Volume (All Markets)

    $27,950,000

    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) 76 $19,020,000 $250,263 $0 0.00%
    Outside of Metro Areas 42 $4,960,000 $118,095 $0 0.00%
    FLINT, MI (FHA|USDA|VA) 3 $2,225,000 $741,667 $0 0.00%
    SAGINAW, MI (FHA|USDA|VA) 1 $1,095,000 $1,095,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Tri-county Bank's top markets include Detroit, Flint, Saginaw, Phoenix, and Lansing among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 124 $27,950,000 $225,403 $0 0.00%

    For 2022, Tri-county Bank's most frequently originated type of loan was Conventional, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $14,515,000 $223,308 $0 0.00%
    Refi 36 $9,950,000 $276,389 $0 0.00%
    Cash Out Refi 15 $2,685,000 $179,000 $0 0.00%
    Home Improvement 6 $260,000 $43,333 $0 0.00%
    Other 2 $540,000 $270,000 $0 0.00%

    For 2022, Tri-county Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 124 $27,950,000 $225,403 $0 0.00%

    For 2022, Tri-county Bank's most frequently cited loan duration was Other, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $6,245,000 $145,233 $0 0.00%
    $100,000 or less 37 $2,405,000 $65,000 $0 0.00%
    $200k-400k 33 $8,625,000 $261,364 $0 0.00%
    $1MM+ 6 $8,010,000 $1,335,000 $0 0.00%
    $400k-600k 3 $1,285,000 $428,333 $0 0.00%
    $600k-1MM 2 $1,380,000 $690,000 $0 0.00%

    2022 saw Tri-county Bank place emphasis on $100k-200k loans with 43 originations, totaling $6,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $4,375,000 $175,000 $0 0.00%
    $50k-75k 21 $4,385,000 $208,810 $0 0.00%
    $75k-100k 18 $3,280,000 $182,222 $0 0.00%
    $150k-250k 17 $2,875,000 $169,118 $0 0.00%
    $50k or less 14 $1,530,000 $109,286 $0 0.00%
    $250k+ 3 $1,235,000 $411,667 $0 0.00%

    Tri-county Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 124 $27,950,000 $225,403 $0 0.00%

    Tri-county Bank lent most frequently to those with DTI ratios of Exempt%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $17,495,000 $176,717 $0 0.00%
    Not applicable 23 $10,165,000 $441,957 $0 0.00%
    Asian 1 $145,000 $145,000 $0 0.00%
    Not provided 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.37%

    Tri-county Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.58%

    Tri-county Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 124 $27,950,000 $225,403

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    124 $27,950,000 $225,403