Tristar Bank Mortgage Rates, Fees & Info
Dickson, TNLEI: 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
138Origination Dollar Volume (All Markets)
$39,840,000Top 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% |
Product Mix
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
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
2023 saw Tristar Bank place emphasis on $200k-400k loans with 45 originations, totaling $12,965,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications91.89%
Tristar Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.81%
Tristar Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 138 | $39,840,000 | $288,696 |