Tristar Bank Mortgage Rates, Fees & Info

Dickson, TN

LEI: 549300LTKCJV903ZQR25

Tax ID: 56-2136525

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Mortgage Data

Review & Overview

Tristar Bank is a smaller bank specializing in Home Purchase loans. Tristar Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Lewisburg, Tullahoma, Jackson, and Clarksville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Tristar Bank 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.

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Originations

138

Origination Dollar Volume (All Markets)

$39,840,000

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
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 105 $30,855,000 $293,857 $0 0.00%
Outside of Metro Areas 22 $5,500,000 $250,000 $0 0.00%
Lewisburg, TN (FHA|USDA|VA) 3 $1,125,000 $375,000 $0 0.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $910,000 $455,000 $0 0.00%
JACKSON, TN (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Paris, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Tristar Bank's top markets include Nashville, Lewisburg, Tullahoma, Jackson, and Clarksville among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $36,190,000 $287,222 $0 0.00%
    FHA 4 $1,050,000 $262,500 $0 0.00%
    VA 4 $1,890,000 $472,500 $0 0.00%
    USDA 4 $710,000 $177,500 $0 0.00%

    For 2023, Tristar Bank's most frequently originated type of loan was Conventional, with 126 originations. Their 2nd most popular type was FHA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $31,645,000 $372,294 $0 0.00%
    Refi 35 $6,445,000 $184,143 $0 0.00%
    Other 10 $1,030,000 $103,000 $0 0.00%
    Home Improvement 8 $720,000 $90,000 $0 0.00%

    For 2023, Tristar Bank's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 138 $39,840,000 $288,696 $0 0.00%

    For 2023, Tristar Bank's most frequently cited loan duration was Other, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 45 $12,965,000 $288,111 $0 0.00%
    $100k-200k 36 $5,610,000 $155,833 $0 0.00%
    $100,000 or less 27 $1,545,000 $57,222 $0 0.00%
    $400k-600k 16 $7,440,000 $465,000 $0 0.00%
    $600k-1MM 11 $7,665,000 $696,818 $0 0.00%
    $1MM+ 3 $4,615,000 $1,538,333 $0 0.00%

    2023 saw Tristar Bank place emphasis on $200k-400k loans with 45 originations, totaling $12,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $8,770,000 $257,941 $0 0.00%
    $150k-250k 24 $8,770,000 $365,417 $0 0.00%
    $50k-75k 21 $3,305,000 $157,381 $0 0.00%
    $75k-100k 18 $4,010,000 $222,778 $0 0.00%
    $250k+ 15 $8,385,000 $559,000 $0 0.00%
    $50k or less 14 $1,760,000 $125,714 $0 0.00%

    Tristar Bank lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $39,840,000 $288,696 $0 0.00%

    Tristar Bank lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $32,010,000 $266,750 $0 0.00%
    Not applicable 8 $3,600,000 $450,000 $0 0.00%
    Asian 1 $2,065,000 $2,065,000 $0 0.00%
    Black 4 $860,000 $215,000 $0 0.00%
    Not provided 3 $765,000 $255,000 $0 0.00%
    Other Asian 1 $375,000 $375,000 $0 0.00%
    Asian Indian 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.89%

    Tristar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.81%

    Tristar Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 138 $39,840,000 $288,696

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    138 $39,840,000 $288,696