Tristar Bank Mortgage Rates, Fees & Info

Dickson, TN

LEI: 549300LTKCJV903ZQR25

Tax ID: 56-2136525

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Martin, Clarksville, Crestview, and Lewisburg among others. We have data for 7 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

133

Origination Dollar Volume (All Markets)

$41,715,000

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)	108	$34,030,000	$315,093	$0	0.00%
Outside of Metro Areas	19	$4,755,000	$250,263	$0	0.00%
Martin, TN (FHA\|USDA\|VA)	1	$2,035,000	$2,035,000	$0	0.00%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	2	$280,000	$140,000	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	0.00%
Lewisburg, TN (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	0.00%
Lawrenceburg, TN (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	0.00%

Tristar Bank's top markets include Nashville, Martin, Clarksville, Crestview, and Lewisburg among others.

Their top states include:

Tennessee (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	118	$36,780,000	$311,695	$0	0.00%
FHA	11	$3,005,000	$273,182	$0	0.00%
VA	2	$1,400,000	$700,000	$0	0.00%
USDA	2	$530,000	$265,000	$0	0.00%

For 2024, Tristar Bank's most frequently originated type of loan was Conventional, with 118 originations. Their 2nd most popular type was FHA, with 11 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	80	$33,090,000	$413,625	$0	0.00%
Refi	38	$6,850,000	$180,263	$0	0.00%
Other	11	$1,405,000	$127,727	$0	0.00%
Home Improvement	4	$370,000	$92,500	$0	0.00%

For 2024, Tristar Bank's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 38 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	133	$41,715,000	$313,647	$0	0.00%

For 2024, Tristar Bank's most frequently cited loan duration was Other, with 133 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	54	$15,160,000	$280,741	$0	0.00%
$100k-200k	33	$4,895,000	$148,333	$0	0.00%
$100,000 or less	22	$1,310,000	$59,545	$0	0.00%
$400k-600k	14	$6,810,000	$486,429	$0	0.00%
$600k-1MM	7	$4,735,000	$676,429	$0	0.00%
$1MM+	3	$8,805,000	$2,935,000	$0	0.00%

2024 saw Tristar Bank place emphasis on $200k-400k loans with 54 originations, totaling $15,160,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	31	$4,785,000	$154,355	$0	0.00%
$100k-150k	28	$8,270,000	$295,357	$0	0.00%
$75k-100k	23	$6,025,000	$261,957	$0	0.00%
$250k+	17	$14,105,000	$829,706	$0	0.00%
$150k-250k	16	$6,060,000	$378,750	$0	0.00%
$50k or less	12	$1,280,000	$106,667	$0	0.00%

Tristar Bank lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $100k-150k, with 28 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	133	$41,715,000	$313,647	$0	0.00%

Tristar Bank lent most frequently to those with DTI ratios of Exempt%, with 133 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	124	$37,420,000	$301,774	$0	0.00%
Asian	2	$2,690,000	$1,345,000	$0	0.00%
Not applicable	4	$940,000	$235,000	$0	0.00%
Not provided	1	$395,000	$395,000	$0	0.00%
Black	2	$270,000	$135,000	$0	0.00%

Approval Rates

Total approvals of all applications
92.61%

Tristar Bank has an average approval rate.

Pick Rate

Approvals leading to origination
77.44%

Tristar Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	133	$41,715,000	$313,647

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	133	$41,715,000	$313,647