Town & Country Banc Mortgage Services Rates, Fees & Info
Wilmington, DELEI: 549300L0EV5UM3IRHJ33
Tax ID: 37-1072798
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Mortgage Data
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. They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, St. Louis, Decatur, Jacksonville, and Chicago among others. We have data for 51 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.
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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
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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.
Originations
1,334Origination Dollar Volume (All Markets)
$182,890,000Awards
Town & Country Banc Mortgage Services - 2019
Town & Country Banc Mortgage Services is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 363 | $52,095,000 | $143,512 | $2,057 | 3.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 284 | $44,640,000 | $157,183 | $2,631 | 3.94% |
| DECATUR, IL (FHA|USDA|VA) | 280 | $28,270,000 | $100,964 | $2,379 | 3.70% |
| Jacksonville, IL (FHA|USDA|VA) | 63 | $7,905,000 | $125,476 | $2,154 | 4.04% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 37 | $7,545,000 | $203,919 | $3,747 | 3.91% |
| Outside of Metro Areas | 67 | $6,765,000 | $100,970 | $2,379 | 3.91% |
| Ottawa, IL (FHA|USDA|VA) | 46 | $5,860,000 | $127,391 | $3,226 | 4.28% |
| Quincy, IL-MO (FHA|USDA|VA) | 44 | $5,570,000 | $126,591 | $2,073 | 3.91% |
| ST. CLOUD, MN (FHA|USDA|VA) | 13 | $3,495,000 | $268,846 | $4,021 | 4.16% |
| PEORIA, IL (FHA|USDA|VA) | 21 | $3,305,000 | $157,381 | $1,973 | 4.16% |
| Taylorville, IL (FHA|USDA|VA) | 23 | $2,295,000 | $99,783 | $2,208 | 4.15% |
| Lincoln, IL (FHA|USDA|VA) | 18 | $1,710,000 | $95,000 | $2,115 | 4.24% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 12 | $1,380,000 | $115,000 | $2,647 | 4.55% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $7,220 | 4.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $2,489 | 4.13% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $2,796 | 3.29% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $2,725 | 4.15% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,643 | 4.60% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,400 | 3.81% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $1,889 | 3.93% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,261 | 3.63% |
| Rolla, MO (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $1,495 | 3.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,736 | 3.88% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,504 | 3.25% |
| MADISON, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,999 | 4.70% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,024 | 4.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 4.25% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,631 | 3.51% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,523 | 3.38% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,557 | 3.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,941 | 3.40% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,989 | 3.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,815 | 3.63% |
| Centralia, IL (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $2,963 | 2.28% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,990 | 4.25% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,500 | 4.45% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,465 | 3.68% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,902 | 5.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.88% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,518 | 3.98% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,559 | 4.20% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,595 | 4.13% |
| Searcy, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,833 | 3.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,326 | 3.95% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,309 | 4.50% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $0 | 5.78% |
| Dixon, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,596 | 3.83% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.50% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,739 | 3.95% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,979 | 4.50% |
| Effingham, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,260 | 5.00% |
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.
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Product Mix
For 2019, Town & Country Banc Mortgage Services's most frequently originated type of loan was Conventional, with 946 originations. Their 2nd most popular type was FHA, with 203 originations.
Loan Reason
For 2019, Town & Country Banc Mortgage Services's most frequently cited loan purpose was Home Purchase, with 1,057 originations. The 2nd most popular reason was Refi, with 157 originations.
Loan Duration/Length
For 2019, Town & Country Banc Mortgage Services's most frequently cited loan duration was 30 Year, with 1,042 originations. The 2nd most popular length was 15 Year, with 142 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,157 | $161,095,000 | $139,235 |
| $1k-2k | 91 | $12,335,000 | $135,549 |
| $2k-3k | 11 | $3,065,000 | $278,636 |
| $3k-4k | 3 | $905,000 | $301,667 |
Town & Country Banc Mortgage Services's average total fees were $2,579, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,157 originations.
Interest Rates
During 2019, Town & Country Banc Mortgage Services's average interest rate for loans was 4.22%, while their most frequently originated rate bucket for loans was 3-4%, with 628 originations.
Loan Sizing
2019 saw Town & Country Banc Mortgage Services place emphasis on $100,000 or less loans with 544 originations, totaling $33,210,000 in origination value.
Applicant Income
Town & Country Banc Mortgage Services lent most frequently to those with incomes in the $50k or less range, with 394 originations. The second most popular income band? $50k-75k, with 334 originations.
Applicant Debt to Income Ratio
Town & Country Banc Mortgage Services lent most frequently to those with DTI ratios of 20-30%, with 359 originations. The next most common DTI ratio? 30-36%, with 254 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.16%
Town & Country Banc Mortgage Services has an average approval rate.
Pick Rate
Approvals leading to origination90.18%
Town & Country Banc Mortgage Services has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,334 | $182,890,000 | $137,099 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 8 | $630,000 | $78,750 |
| Single Family (1-4 Units):Site-Built | 1,326 | $182,260,000 | $137,451 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TEAM USA MORTGAGE L.L.C. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |