Tri City National Bank Mortgage Rates, Fees & Info

Oak Creek, WI

LEI: 549300OCKUW7YV0YNV03

Tax ID: 39-1022456

5 stars - Updated: 5/14/24 - out of 5 stars, based on 23 reviews

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

Jump to:

Mortgage Data

Review & Overview

Tri City National Bank is a smaller bank specializing in Home Purchase and Refi loans. Tri City National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Chicago, Watertown, and Phoenix among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Tri City National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Tri City National Bank 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.32% 5/14/24
30 Year Conventional Refi 6.08% 5/14/24
30 Year Cash-out Refi 6.61% 5/14/24
30 Year FHA Purchase 6.27% 5/14/24
30 Year FHA Refi 6.27% 5/14/24
30 Year VA Purchase 6.27% 5/14/24
30 Year VA Refi 6.27% 5/14/24
15 Year Conventional Purchase 5.86% 5/14/24
15 Year Conventional Refi 5.92% 5/14/24
15 Year Cash-out Refi 5.92% 5/14/24
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.

Tri City National Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Tri City National Bank. 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

514

Origination Dollar Volume (All Markets)

$111,150,000
Show all (5) awards

Relative Rate

Tri City National Bank's average 30 year fixed mortgage rate was 6.46%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.02%.

Relative Fees (Closing Costs)

Tri City National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,625.

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
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 377 $88,795,000 $235,531 $2,030 5.82%
RACINE, WI (FHA|USDA|VA) 105 $16,535,000 $157,476 $1,788 5.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $1,730,000 $123,571 $1,023 5.57%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 3 $845,000 $281,667 $2,211 6.41%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $660,000 $330,000 $4,304 7.31%
SHEBOYGAN, WI (FHA|USDA|VA) 3 $595,000 $198,333 $2,214 5.62%
Outside of Metro Areas 3 $545,000 $181,667 $2,221 6.16%
Whitewater, WI (FHA|USDA|VA) 2 $370,000 $185,000 $1,271 7.25%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,225 5.75%
Stevens Point, WI (FHA|USDA|VA) 1 $225,000 $225,000 $4,754 5.88%
Marinette, WI-MI (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.97%
MADISON, WI (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.99%
Beaver Dam, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,295 5.63%
Tri City National Bank's top markets include Milwaukee, Racine, Chicago, Watertown, and Phoenix among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Tri City National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Glacier Hills Credit Union
    Similarity Rank: 54
    National Exchange Bank and Trust
    Similarity Rank: 112
    Citizens Bank
    Similarity Rank: 192
    Empower Credit Union
    Similarity Rank: 203
    PyraMax Bank, FSB
    Similarity Rank: 270
    Liberty Bank for Savings
    Similarity Rank: 279
    Westbury Bank
    Similarity Rank: 330
    LAKE MORTGAGE COMPANY INC
    Similarity Rank: 417

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 267 $22,295,000 $83,502 n/a 4.92%
    Conventional 247 $88,855,000 $359,737 $1,994 6.78%

    For 2023, Tri City National Bank's most frequently originated type of loan was HELOC, with 267 originations. Their 2nd most popular type was Conventional, with 247 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 181 $71,295,000 $393,895 $2,709 6.45%
    Home Improvement 132 $9,290,000 $70,379 $180 5.38%
    Refi 107 $23,655,000 $221,075 $1,239 5.75%
    Other 85 $6,055,000 $71,235 $0 5.13%
    Cash Out Refi 9 $855,000 $95,000 $2,584 6.57%

    For 2023, Tri City National Bank's most frequently cited loan purpose was Home Purchase, with 181 originations. The 2nd most popular reason was Home Improvement, with 132 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 268 $22,470,000 $83,843 $2,229 4.92%
    30 Year 121 $32,335,000 $267,231 $2,625 6.46%
    1 Year 35 $22,705,000 $648,714 $921 7.25%
    5 Year 31 $24,215,000 $781,129 $0 6.61%
    10 Year 25 $945,000 $37,800 $0 7.53%
    15 Year 18 $1,870,000 $103,889 $1,439 7.21%
    3 Year 11 $6,025,000 $547,727 $0 7.13%
    20 Year 5 $585,000 $117,000 $2,800 6.63%

    For 2023, Tri City National Bank's most frequently cited loan duration was Other, with 268 originations. The 2nd most popular length was 30 Year, with 121 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 146 $29,080,000 $199,178
    $1k-2k 13 $3,165,000 $243,462
    $2k-3k 3 $445,000 $148,333
    $3k-4k 3 $885,000 $295,000
    $5k+ 3 $955,000 $318,333
    $4k-5k 2 $370,000 $185,000

    Tri City National Bank's average total fees were $2,625, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 146 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 157 $27,305,000 $173,917
    3-4% 125 $11,375,000 $91,000
    6-7% 101 $36,125,000 $357,673
    7-8% 85 $33,385,000 $392,765
    4-5% 26 $1,930,000 $74,231
    Over 8% 20 $1,030,000 $51,500

    During 2023, Tri City National Bank's average interest rate for loans was 6.46%, while their most frequently originated rate bucket for loans was 5-6%, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 253 $12,295,000 $48,597 $866 5.54%
    $100k-200k 113 $15,725,000 $139,159 $2,353 5.76%
    $200k-400k 93 $24,295,000 $261,237 $2,642 6.23%
    $400k-600k 23 $10,615,000 $461,522 $2,847 6.42%
    $600k-1MM 17 $13,435,000 $790,294 $2,934 6.15%
    $1MM+ 15 $34,785,000 $2,319,000 $0 7.00%

    2023 saw Tri City National Bank place emphasis on $100,000 or less loans with 253 originations, totaling $12,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 111 $10,365,000 $93,378 $1,751 5.64%
    $100k-150k 92 $12,540,000 $136,304 $1,991 5.73%
    $75k-100k 78 $9,150,000 $117,308 $2,077 5.73%
    $50k or less 68 $4,130,000 $60,735 $1,750 5.77%
    $150k-250k 61 $12,505,000 $205,000 $2,579 5.40%
    $250k+ 27 $8,545,000 $316,481 $2,677 5.54%

    Tri City National Bank lent most frequently to those with incomes in the $50k-75k range, with 111 originations. The second most popular income band? $100k-150k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 96 $9,770,000 $101,771 $1,913 5.63%
    30-36% 89 $12,675,000 $142,416 $2,038 5.47%
    36% 24 $2,410,000 $100,417 $1,678 5.51%
    <20% 23 $2,505,000 $108,913 $1,037 5.33%
    42% 23 $3,155,000 $137,174 $1,395 5.90%
    39% 22 $1,980,000 $90,000 $1,973 5.75%
    41% 22 $2,820,000 $128,182 $2,112 6.23%
    40% 19 $1,615,000 $85,000 $1,259 5.41%
    38% 18 $1,950,000 $108,333 $2,237 5.49%
    47% 16 $2,650,000 $165,625 $2,341 5.64%
    43% 15 $1,995,000 $133,000 $1,505 5.76%
    44% 14 $2,050,000 $146,429 $1,872 5.75%
    46% 14 $3,040,000 $217,143 $3,001 5.75%
    37% 13 $2,025,000 $155,769 $1,603 5.56%
    48% 12 $1,320,000 $110,000 $2,394 5.97%
    49% 12 $1,660,000 $138,333 $2,583 6.03%
    45% 10 $2,710,000 $271,000 $2,881 5.53%
    50-60% 7 $2,025,000 $289,286 $2,774 6.03%
    >60% 1 $75,000 $75,000 $0 6.00%

    Tri City National Bank lent most frequently to those with DTI ratios of 20-30%, with 96 originations. The next most common DTI ratio? 30-36%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 60 $50,110,000 $835,167 $0 7.01%
    White 387 $49,345,000 $127,506 $1,964 5.60%
    Asian 26 $4,960,000 $190,769 $2,298 5.95%
    Not provided 17 $3,445,000 $202,647 $2,123 6.05%
    Asian Indian 5 $1,615,000 $323,000 $2,453 6.57%
    Black 13 $1,025,000 $78,846 $1,610 6.07%
    Other Asian 3 $505,000 $168,333 $2,471 5.66%
    American Indian 2 $110,000 $55,000 $0 4.74%
    Other Pacific Islander 1 $35,000 $35,000 $0 6.00%

    Approval Rates

    Total approvals of all applications
    83.61%

    Tri City National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.65%

    Tri City National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 514 $111,150,000 $216,245

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    514 $111,150,000 $216,245

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 141 $17,615,000 $124,929 $1,406 5.40%
    40-60% 58 $24,430,000 $421,207 $2,206 6.06%
    60-80% 105 $49,225,000 $468,810 $2,665 6.52%
    80-100% 43 $11,425,000 $265,698 $2,869 6.41%
    Under 20% 167 $8,455,000 $50,629 $257 5.48%