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 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 by origination volume include: St. Louis, Springfield, Decatur, Jacksonville, and Peoria among others. We have data for 48 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 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.71% | 4/21/24 |
| 30 Year Cash-out Refi | 6.75% | 4/21/24 |
| 30 Year FHA Purchase | 7.70% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 6.93% | 4/21/24 |
| 30 Year USDA Purchase | 7.36% | 4/21/24 |
| 15 Year Conventional Purchase | 6.23% | 4/21/24 |
| 15 Year Conventional Refi | 6.24% | 4/21/24 |
| 15 Year Cash-out Refi | 6.24% | 4/21/24 |
| 15 Year FHA Purchase | 7.06% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,927Origination Dollar Volume (All Markets)
$257,615,000Awards
Town & Country Banc Mortgage Services - 2021
Town & Country Banc Mortgage Services is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| 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% |
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 2021, Town & Country Banc Mortgage Services's most frequently originated type of loan was Conventional, with 1,529 originations. Their 2nd most popular type was FHA, with 243 originations.
Loan Reason
For 2021, Town & Country Banc Mortgage Services's most frequently cited loan purpose was Home Purchase, with 1,350 originations. The 2nd most popular reason was Refi, with 355 originations.
Loan Duration/Length
For 2021, Town & Country Banc Mortgage Services's most frequently cited loan duration was 30 Year, with 1,252 originations. The 2nd most popular length was 15 Year, with 296 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | 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 |
Town & Country Banc Mortgage Services's average total fees were $2,454, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 827 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications95.15%
Town & Country Banc Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.06%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Timios, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |