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. Their top markets by origination volume include: Fargo, Minot, Grand Forks, Fergus Falls, and Bismarck among others. We have data for 7 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

    98

    Origination Dollar Volume (All Markets)

    $17,210,000

    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
    FARGO, ND-MN (FHA|USDA|VA) 46 $9,410,000 $204,565 $4,282 3.24%
    Outside of Metro Areas 27 $3,465,000 $128,333 $4,364 3.54%
    Minot, ND (FHA|USDA|VA) 17 $2,625,000 $154,412 $4,097 3.53%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 4 $930,000 $232,500 $4,857 3.53%
    Fergus Falls, MN (FHA|USDA|VA) 2 $320,000 $160,000 $5,601 3.38%
    BISMARCK, ND (FHA|USDA|VA) 1 $315,000 $315,000 $14,437 3.00%
    Wahpeton, ND-MN (FHA|USDA|VA) 1 $145,000 $145,000 $4,093 3.50%
    T & C Real Estate Services's top markets include Fargo, Minot, Grand Forks, Fergus Falls, and Bismarck 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.

    CAPITAL CREDIT UNION
    Similarity Rank: 234
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 448
    T & C REAL ESTATE SERVICES LLC
    Similarity Rank: 455
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 510
    Starion Bank
    Similarity Rank: 624
    VALLEY MORTGAGE, INC.
    Similarity Rank: 812
    TOWN AND COUNTRY Credit Union
    Similarity Rank: 874
    Choice Financial Group
    Similarity Rank: 1240
    Western State Bank
    Similarity Rank: 1247
    AFFINITY PLUS
    Similarity Rank: 1333

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $11,185,000 $177,540 $4,255 3.35%
    FHA 22 $3,340,000 $151,818 $6,271 3.63%
    VA 13 $2,685,000 $206,538 $4,612 3.12%

    For 2020, T & C Real Estate Services's most frequently originated type of loan was Conventional, with 63 originations. Their 2nd most popular type was FHA, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $11,155,000 $171,615 $4,908 3.50%
    Refi 18 $3,190,000 $177,222 $3,720 2.89%
    Cash Out Refi 15 $2,865,000 $191,000 $4,399 3.48%

    For 2020, T & C Real Estate Services's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 83 $15,135,000 $182,349 $4,829 3.50%
    15 Year 15 $2,075,000 $138,333 $3,260 2.74%

    For 2020, T & C Real Estate Services's most frequently cited loan duration was 30 Year, with 83 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 33 $4,605,000 $139,545
    $2k-3k 23 $4,195,000 $182,391
    $1k-2k 21 $2,655,000 $126,429
    $3k-4k 13 $3,105,000 $238,846
    $4k-5k 4 $1,070,000 $267,500
    $5k+ 4 $1,580,000 $395,000

    T & C Real Estate Services's average total fees were $4,829, 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
    3-4% 59 $10,605,000 $179,746
    2.5-3% 20 $3,840,000 $192,000
    <2.5% 11 $1,875,000 $170,455
    4-5% 7 $775,000 $110,714
    5-6% 1 $115,000 $115,000

    During 2020, T & C Real Estate Services's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 3-4%, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 45 $6,555,000 $145,667 $3,732 3.50%
    $200k-400k 30 $7,650,000 $255,000 $5,669 3.28%
    $100,000 or less 20 $1,590,000 $79,500 $3,110 3.34%
    $400k-600k 3 $1,415,000 $471,667 $7,014 3.00%

    2020 saw T & C Real Estate Services place emphasis on $100k-200k loans with 45 originations, totaling $6,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 31 $4,745,000 $153,065 $3,921 3.35%
    $50k-75k 22 $3,340,000 $151,818 $4,569 3.52%
    $100k-150k 18 $3,810,000 $211,667 $5,115 3.45%
    $75k-100k 18 $3,350,000 $186,111 $4,465 3.43%
    $150k-250k 7 $1,325,000 $189,286 $4,148 3.07%
    $250k+ 2 $640,000 $320,000 $5,149 2.50%

    T & C Real Estate Services lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $3,080,000 $154,000 $4,502 3.32%
    30-36% 17 $3,285,000 $193,235 $4,525 3.55%
    <20% 11 $1,885,000 $171,364 $4,041 2.83%
    40% 6 $1,010,000 $168,333 $3,965 3.08%
    39% 5 $935,000 $187,000 $4,510 3.87%
    42% 4 $940,000 $235,000 $7,791 3.50%
    38% 4 $630,000 $157,500 $4,140 3.26%
    45% 4 $610,000 $152,500 $4,444 3.77%
    43% 3 $335,000 $111,667 $2,813 3.50%
    47% 3 $275,000 $91,667 $3,329 3.73%
    41% 3 $525,000 $175,000 $3,874 3.13%
    50-60% 3 $625,000 $208,333 $14,437 3.50%
    49% 2 $420,000 $210,000 $5,560 3.55%
    37% 2 $550,000 $275,000 $6,022 3.30%
    36% 2 $330,000 $165,000 $0 3.88%
    44% 2 $200,000 $100,000 $2,270 3.75%
    46% 2 $310,000 $155,000 $3,599 3.55%
    48% 1 $205,000 $205,000 $0 3.85%

    T & C Real Estate Services lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $13,760,000 $176,410 $4,592 3.37%
    Not provided 18 $3,110,000 $172,778 $3,948 3.45%
    American Indian 2 $340,000 $170,000 $3,830 3.55%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    70.41%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 98 $17,210,000 $175,612

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $495,000 $99,000
    Single Family (1-4 Units):Site-Built 93 $16,715,000 $179,731

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $470,000 $117,500 $2,831 2.75%
    40-60% 6 $670,000 $111,667 $3,225 2.65%
    60-80% 25 $5,415,000 $216,600 $5,229 3.37%
    80-100% 60 $9,930,000 $165,500 $4,155 3.51%
    Over 100% 3 $725,000 $241,667 $6,474 3.25%