Town & Country Banc Mortgage Services Rates, Fees & Info

Wilmington, DE

LEI: 549300L0EV5UM3IRHJ33

Tax ID: 37-1072798

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Town & 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. Their top markets by origination volume include: Springfield, St. Louis, Decatur, Jacksonville, and Quincy among others. We have data for 39 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 an above 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.89% 11/22/24
    30 Year Conventional Refi 6.71% 11/22/24
    30 Year Cash-out Refi 6.75% 11/22/24
    30 Year FHA Purchase 7.70% 11/22/24
    30 Year FHA Refi 6.27% 11/22/24
    30 Year VA Purchase 6.93% 11/22/24
    30 Year USDA Purchase 7.36% 11/22/24
    15 Year Conventional Purchase 6.23% 11/22/24
    15 Year Conventional Refi 6.24% 11/22/24
    15 Year Cash-out Refi 6.24% 11/22/24
    15 Year FHA Purchase 7.06% 11/22/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Town & Country Banc Mortgage Services. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,187

    Origination Dollar Volume (All Markets)

    $145,515,000
    Show all (30) awards

    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
    SPRINGFIELD, IL (FHA|USDA|VA) 311 $41,165,000 $132,363 $2,276 4.62%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 213 $28,555,000 $134,061 $2,593 4.73%
    DECATUR, IL (FHA|USDA|VA) 257 $26,715,000 $103,949 $2,248 4.83%
    Jacksonville, IL (FHA|USDA|VA) 73 $7,275,000 $99,658 $2,469 4.53%
    Quincy, IL-MO (FHA|USDA|VA) 55 $5,925,000 $107,727 $2,662 4.65%
    Outside of Metro Areas 54 $5,760,000 $106,667 $2,371 4.59%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 21 $4,605,000 $219,286 $5,503 4.81%
    Ottawa, IL (FHA|USDA|VA) 46 $4,250,000 $92,391 $3,064 4.86%
    PEORIA, IL (FHA|USDA|VA) 27 $3,985,000 $147,593 $1,838 4.69%
    Taylorville, IL (FHA|USDA|VA) 36 $3,740,000 $103,889 $2,415 4.54%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 26 $2,730,000 $105,000 $2,819 4.89%
    Lincoln, IL (FHA|USDA|VA) 15 $1,635,000 $109,000 $2,038 4.50%
    ST. CLOUD, MN (FHA|USDA|VA) 8 $1,380,000 $172,500 $4,037 4.79%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $965,000 $137,857 $3,290 4.24%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 7 $905,000 $129,286 $2,393 4.56%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $640,000 $320,000 $3,206 4.60%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $500,000 $250,000 $2,922 4.66%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $2,220 5.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $410,000 $205,000 $2,240 4.94%
    BLOOMINGTON, IL (FHA|USDA|VA) 3 $395,000 $131,667 $1,647 4.73%
    SAVANNAH, GA (FHA|USDA|VA) 1 $385,000 $385,000 $4,223 4.75%
    Galesburg, IL (FHA|USDA|VA) 2 $360,000 $180,000 $1,791 4.04%
    Grand Rapids, MN (FHA|USDA|VA) 1 $345,000 $345,000 $4,085 4.78%
    Rolla, MO (FHA|USDA|VA) 1 $305,000 $305,000 $2,503 4.95%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,832 4.38%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $225,000 $225,000 $931 5.50%
    Alexandria, MN (FHA|USDA|VA) 1 $225,000 $225,000 $3,602 3.93%
    COLUMBIA, SC (FHA|USDA|VA) 1 $205,000 $205,000 $2,082 4.13%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $185,000 $185,000 $1,787 4.48%
    Plymouth, IN (FHA|USDA|VA) 1 $185,000 $185,000 $1,549 3.75%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $175,000 $175,000 $2,560 4.25%
    SUMTER, SC (FHA|USDA|VA) 1 $125,000 $125,000 $5,519 4.38%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $115,000 $115,000 $3,124 4.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $115,000 $115,000 $1,574 5.15%
    Sterling, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,586 4.88%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $65,000 $65,000 $1,674 5.08%
    Whitewater, WI (FHA|USDA|VA) 1 $65,000 $65,000 $1,795 4.38%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $55,000 $55,000 $2,175 5.33%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 2 $50,000 $25,000 $0 5.50%
    Town & Country Banc Mortgage Services's top markets include Springfield, St. Louis, Decatur, Jacksonville, and Quincy among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    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.

    FINANCIAL PLUS
    Similarity Rank: 8
    GREAT RIVER FEDERAL CREDIT UNION
    Similarity Rank: 12
    UNITED
    Similarity Rank: 28
    First Bankers Trust Company
    Similarity Rank: 60
    HomeBank
    Similarity Rank: 96
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Liberty Bank for Savings
    Similarity Rank: 104
    Community Bank of Trenton
    Similarity Rank: 108
    Liberty Bank Minnesota
    Similarity Rank: 156
    First National Bank of Waterloo
    Similarity Rank: 200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 756 $95,480,000 $126,296 $1,801 4.76%
    FHA 235 $27,455,000 $116,830 $4,048 4.66%
    USDA 122 $11,410,000 $93,525 $2,883 4.48%
    VA 74 $11,170,000 $150,946 $3,733 4.54%

    For 2018, Town & Country Banc Mortgage Services's most frequently originated type of loan was Conventional, with 756 originations. Their 2nd most popular type was FHA, with 235 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,077 $128,985,000 $119,763 $2,550 4.71%
    Cash Out Refi 76 $10,920,000 $143,684 $1,903 4.66%
    Refi 34 $5,610,000 $165,000 $1,841 4.33%

    For 2018, Town & Country Banc Mortgage Services's most frequently cited loan purpose was Home Purchase, with 1,077 originations. The 2nd most popular reason was Cash Out Refi, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 998 $129,400,000 $129,659 $2,593 4.75%
    15 Year 82 $10,420,000 $127,073 $1,662 4.15%
    10 Year 62 $1,210,000 $19,516 $1,601 4.17%
    20 Year 30 $3,410,000 $113,667 $1,719 4.64%
    Other 8 $1,040,000 $130,000 $2,065 4.35%
    5 Year 7 $35,000 $5,000 $0 0.00%

    For 2018, Town & Country Banc Mortgage Services's most frequently cited loan duration was 30 Year, with 998 originations. The 2nd most popular length was 15 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,084 $133,570,000 $123,220
    $1k-2k 64 $8,350,000 $130,469
    $2k-3k 6 $1,280,000 $213,333
    $3k-4k 2 $350,000 $175,000
    $5k+ 1 $175,000 $175,000

    Town & Country Banc Mortgage Services's average total fees were $2,593, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,084 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 778 $104,200,000 $133,933
    5-6% 243 $28,905,000 $118,951
    3-4% 94 $11,450,000 $121,809
    6-7% 11 $625,000 $56,818

    During 2018, Town & Country Banc Mortgage Services's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 778 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 543 $33,765,000 $62,182 $2,238 4.74%
    $100k-200k 475 $65,555,000 $138,011 $2,639 4.66%
    $200k-400k 155 $39,605,000 $255,516 $2,732 4.68%
    $400k-600k 13 $5,905,000 $454,231 $2,248 4.55%
    $600k-1MM 1 $685,000 $685,000 $1,869 4.78%

    2018 saw Town & Country Banc Mortgage Services place emphasis on $100,000 or less loans with 543 originations, totaling $33,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 440 $33,820,000 $76,864 $2,457 4.69%
    $50k-75k 333 $37,625,000 $112,988 $2,567 4.70%
    $100k-150k 160 $28,760,000 $179,750 $2,467 4.68%
    $75k-100k 159 $22,685,000 $142,673 $2,577 4.75%
    $150k-250k 64 $14,210,000 $222,031 $2,193 4.61%
    $250k+ 19 $6,265,000 $329,737 $1,886 4.56%

    Town & Country Banc Mortgage Services lent most frequently to those with incomes in the $50k or less range, with 440 originations. The second most popular income band? $50k-75k, with 333 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 263 $28,685,000 $109,068 $2,286 4.73%
    30-36% 250 $31,690,000 $126,760 $2,564 4.71%
    <20% 91 $9,685,000 $106,429 $2,057 4.53%
    40% 57 $7,405,000 $129,912 $2,841 4.70%
    42% 56 $6,640,000 $118,571 $2,640 4.71%
    41% 45 $5,325,000 $118,333 $2,882 4.73%
    36% 45 $5,785,000 $128,556 $2,805 4.68%
    44% 44 $5,640,000 $128,182 $2,928 4.71%
    38% 41 $6,395,000 $155,976 $2,900 4.70%
    43% 41 $4,525,000 $110,366 $2,142 4.62%
    37% 39 $4,645,000 $119,103 $2,711 4.77%
    39% 37 $4,395,000 $118,784 $2,702 4.72%
    46% 24 $3,240,000 $135,000 $2,469 4.68%
    45% 23 $2,275,000 $98,913 $2,139 4.75%
    47% 22 $3,780,000 $171,818 $2,662 4.71%
    49% 19 $2,455,000 $129,211 $2,780 5.13%
    48% 18 $2,610,000 $145,000 $3,001 4.66%
    50-60% 8 $1,210,000 $151,250 $4,045 4.72%
    >60% 1 $185,000 $185,000 $1,647 4.25%

    Town & Country Banc Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 263 originations. The next most common DTI ratio? 30-36%, with 250 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,068 $131,150,000 $122,800 $2,460 4.67%
    Black 62 $6,950,000 $112,097 $2,531 4.92%
    Not provided 43 $5,145,000 $119,651 $3,203 4.83%
    Asian 10 $1,970,000 $197,000 $1,971 4.79%
    American Indian 4 $300,000 $75,000 $2,673 4.86%

    Approval Rates

    Total approvals of all applications
    91.87%

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

    Pick Rate

    Approvals leading to origination
    92.42%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,187 $145,515,000 $122,591

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $1,005,000 $91,364
    Single Family (1-4 Units):Site-Built 1,176 $144,510,000 $122,883

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,155,000 $77,000 $1,578 4.46%
    40-60% 51 $5,685,000 $111,471 $1,741 4.53%
    60-80% 228 $32,600,000 $142,982 $1,817 4.67%
    80-100% 821 $104,225,000 $126,949 $2,708 4.71%
    Over 100% 9 $1,435,000 $159,444 $5,031 4.58%
    Under 20% 61 $335,000 $5,492 $0 0.00%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TEAM USA MORTGAGE L.L.C. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    TEAM USA MORTGAGE L.L.C. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%