Town & Country Banc Mortgage Services Rates, Fees & InfoWilmington, DE
Tax ID: 37-1072798
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewTown & Country Banc Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. Town & Country Banc Mortgage Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, St. Louis, Decatur, Jacksonville, and Taylorville among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)
Town & Country Banc Mortgage Services has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Town & Country Banc Mortgage Services is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.89%||5/27/23|
|30 Year Conventional Refi||6.71%||5/27/23|
|30 Year Cash-out Refi||6.75%||5/27/23|
|30 Year FHA Purchase||7.70%||5/27/23|
|30 Year FHA Refi||6.27%||5/27/23|
|30 Year VA Purchase||6.93%||5/27/23|
|30 Year USDA Purchase||7.36%||5/27/23|
|15 Year Conventional Purchase||6.23%||5/27/23|
|15 Year Conventional Refi||6.24%||5/27/23|
|15 Year Cash-out Refi||6.24%||5/27/23|
|15 Year FHA Purchase||7.06%||5/27/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Town & Country Banc Mortgage Services Mortgage Calculator
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This is not an official calculator from Town & Country Banc Mortgage Services. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$94,850,000
Town & Country Banc Mortgage Services - 2022
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For 2022, less than of lenders were eligible for this award.
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Town & Country Banc Mortgage Services's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.45%.
Relative Fees (Closing Costs)
Town & Country Banc Mortgage Services's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,645.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|SPRINGFIELD, IL (FHA|USDA|VA)||242||$35,450,000||$146,488||$2,281||4.39%|
|ST. LOUIS, MO-IL (FHA|USDA|VA)||141||$23,115,000||$163,936||$2,649||4.56%|
|DECATUR, IL (FHA|USDA|VA)||110||$11,490,000||$104,455||$2,696||4.09%|
|Outside of Metro Areas||39||$4,205,000||$107,821||$3,239||4.64%|
|Jacksonville, IL (FHA|USDA|VA)||36||$4,080,000||$113,333||$2,410||4.60%|
|Taylorville, IL (FHA|USDA|VA)||38||$3,330,000||$87,632||$3,187||4.03%|
|CARBONDALE-MARION, IL (FHA|USDA|VA)||18||$2,330,000||$129,444||$2,580||4.58%|
|Quincy, IL-MO (FHA|USDA|VA)||19||$1,655,000||$87,105||$1,716||3.52%|
|Lincoln, IL (FHA|USDA|VA)||16||$1,650,000||$103,125||$2,131||4.80%|
|PEORIA, IL (FHA|USDA|VA)||13||$1,365,000||$105,000||$2,464||5.09%|
|ST. CLOUD, MN (FHA|USDA|VA)||4||$790,000||$197,500||$2,773||3.91%|
|BLOOMINGTON, IL (FHA|USDA|VA)||3||$665,000||$221,667||$1,724||5.60%|
|Charleston-Mattoon, IL (FHA|USDA|VA)||5||$485,000||$97,000||$4,398||4.99%|
|Centralia, IL (FHA|USDA|VA)||4||$480,000||$120,000||$1,384||3.95%|
|PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)||1||$405,000||$405,000||$4,527||3.55%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||2||$340,000||$170,000||$2,654||3.41%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||1||$325,000||$325,000||$8,736||3.75%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||1||$325,000||$325,000||$3,663||4.25%|
|Galesburg, IL (FHA|USDA|VA)||3||$315,000||$105,000||$1,647||5.08%|
|CHAMPAIGN-URBANA, IL (FHA|USDA|VA)||5||$305,000||$61,000||$1,718||2.71%|
|MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)||1||$295,000||$295,000||$3,521||2.65%|
|Effingham, IL (FHA|USDA|VA)||2||$260,000||$130,000||$2,048||5.54%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||2||$190,000||$95,000||$1,591||3.88%|
|AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA)||1||$185,000||$185,000||$2,441||3.88%|
|FLINT, MI (FHA|USDA|VA)||1||$165,000||$165,000||$2,112||7.35%|
|Ottawa, IL (FHA|USDA|VA)||1||$145,000||$145,000||$7,170||6.13%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||1||$145,000||$145,000||$3,516||3.88%|
|Macomb, IL (FHA|USDA|VA)||1||$125,000||$125,000||$1,983||6.18%|
|Mount Vernon, IL (FHA|USDA|VA)||1||$115,000||$115,000||$3,255||5.13%|
|Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA)||1||$75,000||$75,000||$3,680||5.00%|
|CAPE GIRARDEAU, MO-IL (FHA|USDA|VA)||1||$45,000||$45,000||$2,621||5.50%|
We use machine learning to identify the top lenders compared against Town & Country Banc Mortgage Services based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Town & Country Banc Mortgage Services's most frequently originated type of loan was Conventional, with 555 originations. Their 2nd most popular type was FHA, with 111 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||56||$7,460,000||$133,214||$1,997||4.46%|
For 2022, Town & Country Banc Mortgage Services's most frequently cited loan purpose was Home Purchase, with 619 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.
For 2022, Town & Country Banc Mortgage Services's most frequently cited loan duration was 30 Year, with 547 originations. The 2nd most popular length was 15 Year, with 60 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Town & Country Banc Mortgage Services's average total fees were $2,645, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 541 originations.
During 2022, Town & Country Banc Mortgage Services's average interest rate for loans was 5.21%, while their most frequently originated rate bucket for loans was 5-6%, with 234 originations.
2022 saw Town & Country Banc Mortgage Services place emphasis on $100,000 or less loans with 303 originations, totaling $15,545,000 in origination value.
Town & Country Banc Mortgage Services lent most frequently to those with incomes in the $50k-75k range, with 213 originations. The second most popular income band? $50k or less, with 165 originations.
Applicant Debt to Income Ratio
Town & Country Banc Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 187 originations. The next most common DTI ratio? 30-36%, with 162 originations.
Approval RatesTotal approvals of all applications
Town & Country Banc Mortgage Services has an average approval rate.
Pick RateApprovals leading to origination
Town & Country Banc Mortgage Services has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|