Town & Country Banc Mortgage Services Rates, Fees & Info

Wilmington, DE

LEI: 549300L0EV5UM3IRHJ33

Tax ID: 37-1072798

5 stars - out of 5 stars, based on 44 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Town & Country Banc Mortgage Services is a smaller mortgage company specializing in Home Purchase and Refi 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 include St. Louis, Springfield, Decatur, Jacksonville, and Peoria among others. Town & Country Banc Mortgage Services has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Town & Country Banc Mortgage Services is typically a low fee lendor.


Originations

1,927

Origination Dollar Volume (All Markets)

$257,615,000
Show all (17) awards

Relative Rate

Town & Country Banc Mortgage Services 's average 30 year fixed rate mortgage of loans were 3.22%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.07%.

Relative Fees

Town & Country Banc Mortgage Services 's average total fees for a 30 year fixed rate mortgage are $2,454.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ST. LOUIS, MO-IL (FHA|USDA|VA) 513 $80,735,000 $157,378 $2,366 2.73%
SPRINGFIELD, IL (FHA|USDA|VA) 524 $64,280,000 $122,672 $1,953 2.59%
DECATUR, IL (FHA|USDA|VA) 414 $44,500,000 $107,488 $2,221 2.51%
Outside of Metro Areas 98 $11,830,000 $120,714 $2,366 2.92%
Jacksonville, IL (FHA|USDA|VA) 76 $8,380,000 $110,263 $2,147 2.94%
PEORIA, IL (FHA|USDA|VA) 43 $6,435,000 $149,651 $2,016 2.79%
Quincy, IL-MO (FHA|USDA|VA) 46 $6,000,000 $130,435 $2,467 2.55%
Taylorville, IL (FHA|USDA|VA) 45 $5,175,000 $115,000 $2,041 2.82%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 24 $4,780,000 $199,167 $2,857 3.25%
ST. CLOUD, MN (FHA|USDA|VA) 12 $2,830,000 $235,833 $3,588 2.60%
Lincoln, IL (FHA|USDA|VA) 25 $2,735,000 $109,400 $1,622 2.60%
BLOOMINGTON, IL (FHA|USDA|VA) 16 $2,240,000 $140,000 $1,667 2.17%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $2,235,000 $319,286 $3,861 3.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 16 $1,870,000 $116,875 $2,441 2.44%
CARBONDALE-MARION, IL (FHA|USDA|VA) 10 $1,200,000 $120,000 $2,409 3.33%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,150,000 $287,500 $3,171 2.93%
Ottawa, IL (FHA|USDA|VA) 8 $1,050,000 $131,250 $2,908 3.42%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $8,048 3.15%
Galesburg, IL (FHA|USDA|VA) 3 $865,000 $288,333 $2,020 3.04%
ROCKFORD, IL (FHA|USDA|VA) 5 $685,000 $137,000 $2,336 2.96%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $615,000 $615,000 $3,352 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $545,000 $545,000 $4,720 3.63%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $545,000 $545,000 $1,975 2.88%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $525,000 $525,000 $4,517 3.18%
Whitewater, WI (FHA|USDA|VA) 1 $505,000 $505,000 $2,116 3.23%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $480,000 $240,000 $2,785 3.03%
THE VILLAGES, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,405 2.25%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $315,000 $315,000 $2,086 2.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $305,000 $305,000 $2,119 2.78%
Centralia, IL (FHA|USDA|VA) 2 $300,000 $150,000 $3,450 3.63%
Macomb, IL (FHA|USDA|VA) 4 $260,000 $65,000 $1,820 2.46%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $255,000 $255,000 $2,160 3.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,070 2.90%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $3,406 2.98%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $195,000 $195,000 $2,988 2.53%
Charleston-Mattoon, IL (FHA|USDA|VA) 3 $195,000 $65,000 $3,234 2.13%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $195,000 $195,000 $648 2.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,770 2.13%
Rochelle, IL (FHA|USDA|VA) 1 $175,000 $175,000 $4,424 3.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $175,000 $175,000 $1,925 3.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,727 3.35%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $1,557 2.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,193 2.73%
Mount Vernon, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,039 2.83%
Burlington, IA-IL (FHA|USDA|VA) 1 $125,000 $125,000 $1,587 3.68%
Hannibal, MO (FHA|USDA|VA) 1 $115,000 $115,000 $1,401 2.93%
Paducah, KY-IL (FHA|USDA|VA) 1 $115,000 $115,000 $4,990 3.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,565 2.85%

Town & Country Banc Mortgage Services 's top markets include St. Louis, Springfield, Decatur, Jacksonville, and Peoria among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,529 $203,695,000 $133,221 $1,857 2.54%
FHA 243 $28,715,000 $118,169 $4,109 3.25%
VA 96 $19,330,000 $201,354 $4,061 2.93%
USDA 59 $5,875,000 $99,576 $2,920 3.35%

For the 2021 period, Town & Country Banc Mortgage Services 's most frequently originated loan type of loans were Conventional, with 1,529 originations. Their 2nd most popular type is FHA, with 243 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,350 $167,270,000 $123,904 $2,574 2.63%
Refi 355 $55,485,000 $156,296 $1,664 2.65%
Cash Out Refi 222 $34,860,000 $157,027 $1,832 2.93%

For the 2021, Town & Country Banc Mortgage Services 's most frequently cited loan purpose of loans were Home Purchase, with 1,350 originations. The 2nd most popular reason of loans were Refi, with 355 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,252 $192,890,000 $154,065 $2,454 3.22%
15 Year 296 $42,870,000 $144,831 $1,776 2.47%
5 Year 213 $1,065,000 $5,000 $0 0.00%
20 Year 70 $10,970,000 $156,714 $1,691 2.87%
10 Year 54 $6,060,000 $112,222 $1,700 2.09%
Other 42 $3,760,000 $89,524 $1,441 1.62%

For the 2021, Town & Country Banc Mortgage Services 's most frequently cited loan length of loans were 30 Year, with 1,252 originations. The 2nd most popular length of loans were 15 Year, with 296 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,730 $227,410,000 $131,451
$1k-2k 184 $26,430,000 $143,641
$2k-3k 12 $3,280,000 $273,333
$5k+ 1 $495,000 $495,000

$2,454 of loans were Town & Country Banc Mortgage Services 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,730 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 827 $117,515,000 $142,098
2.5-3% 554 $96,790,000 $174,711
<2.5% 503 $39,415,000 $78,360
4-5% 43 $3,895,000 $90,581

During 2021, Town & Country Banc Mortgage Services 's average interest rate of loans were 3.22%, while their most frequently originated rate bucket of loans were 3-4%, with 827 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 821 $42,785,000 $52,113 $1,964 2.21%
$100k-200k 718 $101,060,000 $140,752 $2,192 3.05%
$200k-400k 351 $95,575,000 $272,293 $2,583 2.93%
$400k-600k 35 $16,945,000 $484,143 $3,341 2.95%
$600k-1MM 2 $1,250,000 $625,000 $2,594 3.06%

2021 saw Town & Country Banc Mortgage Services place emphasis on $100,000 or less loans with 821 originations, totaling $42,785,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 586 $42,660,000 $72,799 $2,153 2.47%
$50k-75k 534 $57,160,000 $107,041 $2,292 2.56%
$75k-100k 313 $47,705,000 $152,412 $2,203 2.78%
$100k-150k 269 $51,105,000 $189,981 $2,367 3.00%
$150k-250k 171 $42,655,000 $249,444 $2,120 2.88%
$250k+ 42 $14,020,000 $333,810 $2,340 2.98%

Town & Country Banc Mortgage Services lent most frequently to those with incomes in the $50k or less range, with 586 originations. The second most popular income band? $50k-75k, with 534 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 522 $65,220,000 $124,943 $1,982 2.65%
30-36% 424 $57,080,000 $134,623 $2,380 2.69%
<20% 214 $30,740,000 $143,645 $1,860 2.68%
43% 79 $11,055,000 $139,937 $2,138 2.47%
36% 78 $9,320,000 $119,487 $2,351 2.53%
40% 78 $9,930,000 $127,308 $2,341 2.62%
39% 78 $10,060,000 $128,974 $2,539 2.64%
42% 70 $10,420,000 $148,857 $2,677 2.50%
41% 67 $6,935,000 $103,507 $2,196 2.46%
38% 66 $9,240,000 $140,000 $2,323 2.80%
37% 62 $7,770,000 $125,323 $2,278 2.72%
44% 60 $7,550,000 $125,833 $2,344 2.64%
47% 31 $4,925,000 $158,871 $2,558 3.10%
46% 28 $5,480,000 $195,714 $2,699 3.00%
45% 24 $3,320,000 $138,333 $2,629 3.00%
48% 20 $2,860,000 $143,000 $2,543 3.10%
49% 16 $3,210,000 $200,625 $2,982 3.07%
50-60% 7 $1,815,000 $259,286 $5,524 3.15%
>60% 2 $440,000 $220,000 $6,909 3.13%

Town & Country Banc Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 522 originations. The next most common DTI ratio? 30-36%, with 424 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,671 $226,045,000 $135,275 $2,202 2.69%
Not provided 92 $13,960,000 $151,739 $2,564 2.66%
Black 128 $12,740,000 $99,531 $2,821 2.40%
Asian 24 $3,000,000 $125,000 $1,853 2.56%
American Indian 6 $810,000 $135,000 $2,201 2.98%
Asian Indian 2 $430,000 $215,000 $1,393 3.39%
Other Pacific Islander 1 $405,000 $405,000 $859 3.50%
Filipino 1 $155,000 $155,000 $1,871 3.03%
Other Asian 1 $65,000 $65,000 $1,246 2.55%
Native Hawaiian 1 $5,000 $5,000 $0 0.00%

Approval Rates

Total approvals of all applications
94.40%

Town & Country Banc Mortgage Services has an average approval rate.

Pick Rate

Approvals leading to origination
89.08%

Town & Country Banc Mortgage Services has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,927 $257,615,000 $133,687

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,927 $257,615,000 $133,687

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 46 $5,100,000 $110,870 $1,774 2.54%
40-60% 127 $17,495,000 $137,756 $1,659 2.66%
60-80% 486 $77,320,000 $159,095 $1,855 2.95%
80-100% 1,011 $151,875,000 $150,223 $2,454 3.17%
Over 100% 13 $3,915,000 $301,154 $10,837 3.07%
Under 20% 244 $1,910,000 $7,828 $1,899 0.06%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Timios, Inc. Conventional home mortgage Trouble during payment process 1 100.0%