T & C Real Estate Services Mortgage Rates, Fees & Info

MINOT, ND

LEI: 549300MBVV0ER5QQD991

Tax ID: 30-0835278

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    T & C Real Estate Services is a smaller mortgage company specializing in Home Purchase loans. T & C Real Estate 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: Fargo, Minot, Fergus Falls, Grand Forks, and Minneapolis among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    T & C Real Estate 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. T & C Real Estate Services is typically an average 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.

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    Originations

    92

    Origination Dollar Volume (All Markets)

    $15,930,000

    Awards

    T & C REAL ESTATE SERVICES FHA Loans bronze
    Show all (1) awards

    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
    FARGO, ND-MN (FHA|USDA|VA) 46 $8,030,000 $174,565 $5,094 4.63%
    Outside of Metro Areas 26 $3,650,000 $140,385 $4,883 4.68%
    Minot, ND (FHA|USDA|VA) 10 $2,100,000 $210,000 $5,501 4.83%
    Fergus Falls, MN (FHA|USDA|VA) 2 $850,000 $425,000 $9,142 4.31%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 4 $580,000 $145,000 $6,106 4.53%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $350,000 $175,000 $4,313 5.19%
    Red Wing, MN (FHA|USDA|VA) 1 $245,000 $245,000 $8,969 4.75%
    Wahpeton, ND-MN (FHA|USDA|VA) 1 $125,000 $125,000 $3,436 4.75%
    T & C Real Estate Services's top markets include Fargo, Minot, Fergus Falls, Grand Forks, and Minneapolis among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against T & C REAL ESTATE SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    VISIONBank
    Similarity Rank: 162
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 310
    T & C REAL ESTATE SERVICES LLC
    Similarity Rank: 312
    Deere Employees Credit Union
    Similarity Rank: 326
    VALLEY MORTGAGE, INC.
    Similarity Rank: 336
    Starion Bank
    Similarity Rank: 616
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 627
    Choice Financial Group
    Similarity Rank: 756
    BlackRidgeBANK
    Similarity Rank: 837
    First International Bank & Trust
    Similarity Rank: 851

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $8,020,000 $174,348 $4,343 4.85%
    FHA 30 $4,520,000 $150,667 $6,752 4.54%
    VA 15 $3,255,000 $217,000 $6,245 4.42%
    USDA 1 $135,000 $135,000 $5,068 3.88%

    For 2018, T & C Real Estate Services's most frequently originated type of loan was Conventional, with 46 originations. Their 2nd most popular type was FHA, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $12,385,000 $174,437 $5,334 4.62%
    Cash Out Refi 16 $2,630,000 $164,375 $5,205 4.87%
    Refi 5 $915,000 $183,000 $5,017 4.65%

    For 2018, T & C Real Estate Services's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 88 $15,470,000 $175,795 $5,419 4.68%
    15 Year 3 $335,000 $111,667 $3,097 4.38%
    20 Year 1 $125,000 $125,000 $3,436 4.75%

    For 2018, T & C Real Estate Services's most frequently cited loan duration was 30 Year, with 88 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 33 $4,835,000 $146,515
    $2k-3k 26 $5,070,000 $195,000
    $1k-2k 20 $2,500,000 $125,000
    $3k-4k 7 $1,805,000 $257,857
    $4k-5k 4 $1,020,000 $255,000
    $5k+ 2 $700,000 $350,000

    T & C Real Estate Services's average total fees were $5,419, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 71 $12,125,000 $170,775
    5-6% 15 $2,565,000 $171,000
    3-4% 6 $1,240,000 $206,667

    During 2018, T & C Real Estate Services's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $6,475,000 $150,581 $4,462 4.74%
    $200k-400k 31 $7,795,000 $251,452 $6,540 4.66%
    $100,000 or less 17 $1,205,000 $70,882 $3,650 4.49%
    $400k-600k 1 $455,000 $455,000 $7,338 4.75%

    2018 saw T & C Real Estate Services place emphasis on $100k-200k loans with 43 originations, totaling $6,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 34 $5,180,000 $152,353 $4,720 4.68%
    $50k or less 23 $2,545,000 $110,652 $4,269 4.56%
    $75k-100k 18 $3,800,000 $211,111 $5,682 4.65%
    $100k-150k 15 $3,655,000 $243,667 $6,401 4.92%
    $150k-250k 2 $750,000 $375,000 $8,062 4.13%

    T & C Real Estate Services lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $50k or less, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 15 $3,295,000 $219,667 $5,919 4.83%
    20-30% 12 $1,370,000 $114,167 $3,933 4.80%
    50-60% 8 $1,230,000 $153,750 $6,425 4.38%
    38% 6 $1,170,000 $195,000 $4,223 5.00%
    40% 6 $1,030,000 $171,667 $4,933 4.50%
    46% 5 $1,075,000 $215,000 $6,564 4.58%
    49% 5 $885,000 $177,000 $5,391 4.44%
    42% 5 $945,000 $189,000 $5,240 4.58%
    47% 4 $550,000 $137,500 $3,047 4.72%
    43% 4 $580,000 $145,000 $3,620 4.45%
    36% 4 $540,000 $135,000 $5,084 4.31%
    39% 4 $700,000 $175,000 $6,822 4.88%
    41% 4 $610,000 $152,500 $5,711 5.08%
    44% 3 $475,000 $158,333 $4,452 4.75%
    45% 3 $525,000 $175,000 $4,775 4.54%
    48% 2 $580,000 $290,000 $6,905 4.25%
    37% 2 $370,000 $185,000 $0 4.69%

    T & C Real Estate Services lent most frequently to those with DTI ratios of 30-36%, with 15 originations. The next most common DTI ratio? 20-30%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 65 $11,545,000 $177,615 $5,229 4.67%
    Not provided 24 $4,040,000 $168,333 $5,201 4.71%
    Black 1 $225,000 $225,000 $8,633 4.13%
    American Indian 1 $65,000 $65,000 $0 4.55%
    Asian 1 $55,000 $55,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    92.50%

    T & C Real Estate Services has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.35%

    T & C Real Estate Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 92 $15,930,000 $173,152

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $395,000 $131,667
    Single Family (1-4 Units):Site-Built 89 $15,535,000 $174,551

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $55,000 $55,000 $2,589 4.50%
    40-60% 3 $475,000 $158,333 $3,549 4.67%
    60-80% 13 $2,165,000 $166,538 $4,602 4.90%
    80-100% 73 $12,555,000 $171,986 $5,464 4.65%
    Over 100% 2 $680,000 $340,000 $9,508 3.94%