T & C Real Estate Services Mortgage Rates, Fees & Info
MINOT, NDLEI: 549300MBVV0ER5QQD991
Tax ID: 30-0835278
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Mortgage Data
Review & Overview
T & C Real Estate Services is a smaller mortgage company specializing in Home Purchase and Cash Out Refi 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, Wahpeton, and Grand Forks among others. We have data for 10 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.
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Originations
89Origination Dollar Volume (All Markets)
$16,115,000Top 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 |
|---|---|---|---|---|---|
| FARGO, ND-MN (FHA|USDA|VA) | 37 | $7,285,000 | $196,892 | $5,408 | 4.05% |
| Outside of Metro Areas | 30 | $4,420,000 | $147,333 | $5,032 | 4.28% |
| Minot, ND (FHA|USDA|VA) | 10 | $2,050,000 | $205,000 | $4,542 | 4.14% |
| Fergus Falls, MN (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $10,061 | 4.13% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $5,378 | 3.72% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,947 | 4.62% |
| Williston, ND (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,859 | 4.50% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,836 | 4.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,675 | 3.75% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.75% |
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.
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Product Mix
For 2019, T & C Real Estate Services's most frequently originated type of loan was Conventional, with 50 originations. Their 2nd most popular type was FHA, with 24 originations.
Loan Reason
For 2019, T & C Real Estate Services's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.
Loan Duration/Length
For 2019, T & C Real Estate Services's most frequently cited loan duration was 30 Year, with 81 originations. The 2nd most popular length was 15 Year, with 5 originations.
Origination Fees/Closing Costs
T & C Real Estate Services's average total fees were $5,317, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 47 | $7,645,000 | $162,660 |
| 3-4% | 40 | $8,120,000 | $203,000 |
| 5-6% | 2 | $350,000 | $175,000 |
During 2019, T & C Real Estate Services's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 4-5%, with 47 originations.
Loan Sizing
2019 saw T & C Real Estate Services place emphasis on $100k-200k loans with 36 originations, totaling $5,360,000 in origination value.
Applicant Income
T & C Real Estate Services lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $50k or less, with 25 originations.
Applicant Debt to Income Ratio
T & C Real Estate Services lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? 30-36%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.41%
T & C Real Estate Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination73.03%
T & C Real Estate Services has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 89 | $16,115,000 | $181,067 |