Troy Bank And Trust Company Mortgage Rates, Fees & Info
Troy, ALLEI: 549300N968Y85YXDX139
Tax ID: 63-0212370
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Mortgage Data
Review & Overview
Troy Bank And Trust Company is a smaller bank specializing in Home Purchase loans. Troy Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Dothan, Troy, Alexander City, Ozark, and Crestview among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Troy Bank And Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Troy Bank And Trust Company is typically a low 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.06% | 4/5/25 |
| 30 Year Conventional Refi | 7.83% | 4/5/25 |
| 30 Year USDA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 11.18% | 4/5/25 |
| 15 Year Conventional Refi | 8.13% | 4/5/25 |
| 15 Year Cash-out Refi | 8.13% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Troy Bank And Trust Company Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Troy Bank And Trust Company. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
225Origination Dollar Volume (All Markets)
$57,425,000Awards
Troy Bank and Trust Company - 2024
Troy Bank and Trust Company is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Troy Bank And Trust Company's average 30 year fixed mortgage rate was
7.3%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.75%.
Relative Fees (Closing Costs)
Troy Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,978.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| DOTHAN, AL (FHA|USDA|VA) | 57 | $19,625,000 | $344,298 | $3,273 | 8.27% |
| Troy, AL (FHA|USDA|VA) | 70 | $10,920,000 | $156,000 | $3,033 | 9.03% |
| Alexander City, AL (FHA|USDA|VA) | 7 | $4,735,000 | $676,429 | $6,494 | 7.20% |
| Ozark, AL (FHA|USDA|VA) | 18 | $3,760,000 | $208,889 | $2,719 | 8.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $2,955,000 | $985,000 | $12,225 | 8.07% |
| Outside of Metro Areas | 8 | $2,290,000 | $286,250 | $5,507 | 9.02% |
| Enterprise, AL (FHA|USDA|VA) | 20 | $2,090,000 | $104,500 | $2,852 | 9.12% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $1,880,000 | $470,000 | $4,461 | 7.51% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 7 | $1,655,000 | $236,429 | $4,939 | 8.44% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $0 | 7.95% |
| MONTGOMERY, AL (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $4,659 | 9.27% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $5,566 | 8.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $0 | 8.43% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $1,349 | 7.03% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,554 | 8.42% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $0 | 8.10% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $9,126 | 8.50% |
| Oxford, MS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 8.50% |
| Eufaula, AL-GA (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $3,535 | 8.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,452 | 7.30% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,154 | 7.14% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Troy Bank and Trust Company 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 225 | $57,425,000 | $255,222 | $3,624 | 8.59% |
For 2024, Troy Bank And Trust Company's most frequently originated type of loan was Conventional, with 225 originations.
Loan Reason
For 2024, Troy Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Refi, with 46 originations.
Loan Duration/Length
For 2024, Troy Bank And Trust Company's most frequently cited loan duration was 20 Year, with 84 originations. The 2nd most popular length was 30 Year, with 56 originations.
Origination Fees/Closing Costs
Troy Bank And Trust Company's average total fees were $3,978, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 54 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 147 | $23,185,000 | $157,721 |
| 7-8% | 51 | $22,625,000 | $443,627 |
| 6-7% | 27 | $11,615,000 | $430,185 |
During 2024, Troy Bank And Trust Company's average interest rate for loans was 7.30%, while their most frequently originated rate bucket for loans was Over 8%, with 147 originations.
Loan Sizing
2024 saw Troy Bank And Trust Company place emphasis on $100,000 or less loans with 84 originations, totaling $4,870,000 in origination value.
Applicant Income
Troy Bank And Trust Company lent most frequently to those with incomes in the $250k+ range, with 35 originations. The second most popular income band? $100k-150k, with 27 originations.
Applicant Debt to Income Ratio
Troy Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.07%
Troy Bank And Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.89%
Troy Bank And Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 287.1 | 1 | $15,000 | $15,000 |
| 312.1 | 1 | $55,000 | $55,000 |
| 539.6 | 1 | $55,000 | $55,000 |
| 571.03 | 1 | $65,000 | $65,000 |
| NA | 221 | $57,235,000 | $258,982 |