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, Montgomery, Enterprise, and Panama City among others. We have data for 19 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 | 6.36% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 9.94% | 11/17/24 |
| 15 Year Conventional Refi | 7.01% | 11/17/24 |
| 15 Year Cash-out Refi | 7.01% | 11/17/24 |
| 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
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This is not an official calculator from Troy Bank And Trust Company. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
209Origination Dollar Volume (All Markets)
$40,595,000Awards
Troy Bank and Trust Company - 2023
Troy Bank and Trust Company is a 2023 , due to their low .
For 2023, 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
7.11%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.63%.
Relative Fees (Closing Costs)
Troy Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,464.
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 $9,089.
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) | 50 | $12,080,000 | $241,600 | $2,804 | 8.30% |
| Troy, AL (FHA|USDA|VA) | 65 | $9,815,000 | $151,000 | $2,833 | 8.78% |
| MONTGOMERY, AL (FHA|USDA|VA) | 17 | $3,615,000 | $212,647 | $2,943 | 8.52% |
| Enterprise, AL (FHA|USDA|VA) | 25 | $2,665,000 | $106,600 | $2,627 | 9.62% |
| PANAMA CITY, FL (FHA|USDA|VA) | 6 | $2,040,000 | $340,000 | $0 | 8.45% |
| Ozark, AL (FHA|USDA|VA) | 12 | $2,030,000 | $169,167 | $2,839 | 8.34% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 2 | $1,470,000 | $735,000 | $4,851 | 5.69% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $2,763 | 8.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $10,874 | 7.75% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $0 | 7.94% |
| Eufaula, AL-GA (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $2,530 | 9.03% |
| Outside of Metro Areas | 9 | $685,000 | $76,111 | $2,925 | 9.21% |
| GADSDEN, AL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 8.56% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $1,011 | 7.50% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,155 | 8.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 8.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.00% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.75% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.75% |
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 | 209 | $40,595,000 | $194,234 | $2,946 | 8.64% |
For 2023, Troy Bank And Trust Company's most frequently originated type of loan was Conventional, with 209 originations.
Loan Reason
For 2023, Troy Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
For 2023, Troy Bank And Trust Company's most frequently cited loan duration was 20 Year, with 76 originations. The 2nd most popular length was 15 Year, with 44 originations.
Origination Fees/Closing Costs
Troy Bank And Trust Company's average total fees were $3,464, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 54 originations.
Interest Rates
During 2023, Troy Bank And Trust Company's average interest rate for loans was 7.11%, while their most frequently originated rate bucket for loans was Over 8%, with 151 originations.
Loan Sizing
2023 saw Troy Bank And Trust Company place emphasis on $100,000 or less loans with 83 originations, totaling $5,025,000 in origination value.
Applicant Income
Troy Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
Troy Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.02%
Troy Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination94.74%
Troy Bank And Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 286.1 | 1 | $15,000 | $15,000 |
| 307.6 | 1 | $25,000 | $25,000 |
| 318.85 | 1 | $25,000 | $25,000 |
| 387.6 | 1 | $65,000 | $65,000 |
| 424.1 | 1 | $75,000 | $75,000 |
| 500.6 | 1 | $75,000 | $75,000 |
| NA | 203 | $40,315,000 | $198,596 |