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 and Refi 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 Florence among others. We have data for 14 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
212Origination Dollar Volume (All Markets)
$60,960,000Top 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) | 162 | $48,710,000 | $300,679 | $0 | 0.00% |
| Outside of Metro Areas | 27 | $6,325,000 | $234,259 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
For 2022, Tristar Bank's most frequently originated type of loan was Conventional, with 196 originations. Their 2nd most popular type was FHA, with 11 originations.
Loan Reason
For 2022, Tristar Bank's most frequently cited loan purpose was Home Purchase, with 129 originations. The 2nd most popular reason was Refi, with 72 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 212 | $60,960,000 | $287,547 | $0 | 0.00% |
For 2022, Tristar Bank's most frequently cited loan duration was Other, with 212 originations.
Loan Sizing
2022 saw Tristar Bank place emphasis on $200k-400k loans with 76 originations, totaling $23,020,000 in origination value.
Applicant Income
Tristar Bank lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 212 | $60,960,000 | $287,547 | $0 | 0.00% |
Tristar Bank lent most frequently to those with DTI ratios of Exempt%, with 212 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.94%
Tristar Bank has an average approval rate.
Pick Rate
Approvals leading to origination65.09%
Tristar Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 212 | $60,960,000 | $287,547 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 3 | 37.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Struggling to pay mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Trouble during payment process | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | Other type of mortgage | Struggling to pay mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |