Tc Federal Bank Mortgage Rates, Fees & Info

Thomasville, GA

LEI: 549300PJ8G3ECK1DQW27

Tax ID: 58-0459665

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Mortgage Data

Review & Overview

Tc Federal Bank is a smaller bank specializing in Home Purchase loans. Tc Federal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tallahassee, Savannah, Crestview, Athens, and Atlanta among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Tc Federal 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.

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Originations

44

Origination Dollar Volume (All Markets)

$14,390,000

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
TALLAHASSEE, FL (FHA|USDA|VA) 28 $9,150,000 $326,786 $0 0.00%
Outside of Metro Areas 6 $1,800,000 $300,000 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 4 $1,590,000 $397,500 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $895,000 $895,000 $0 0.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Statesboro, GA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Thomasville, GA (FHA|USDA|VA) 2 $80,000 $40,000 $0 0.00%
Tc Federal Bank's top markets include Tallahassee, Savannah, Crestview, Athens, and Atlanta among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 44 $14,390,000 $327,045 $0 0.00%

    For 2023, Tc Federal Bank's most frequently originated type of loan was Conventional, with 44 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $12,290,000 $323,421 $0 0.00%
    Refi 3 $1,495,000 $498,333 $0 0.00%
    Cash Out Refi 3 $605,000 $201,667 $0 0.00%

    For 2023, Tc Federal Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 44 $14,390,000 $327,045 $0 0.00%

    For 2023, Tc Federal Bank's most frequently cited loan duration was Other, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 22 $5,940,000 $270,000 $0 0.00%
    $100k-200k 7 $1,075,000 $153,571 $0 0.00%
    $400k-600k 7 $3,325,000 $475,000 $0 0.00%
    $100,000 or less 4 $250,000 $62,500 $0 0.00%
    $600k-1MM 3 $2,525,000 $841,667 $0 0.00%
    $1MM+ 1 $1,275,000 $1,275,000 $0 0.00%

    2023 saw Tc Federal Bank place emphasis on $200k-400k loans with 22 originations, totaling $5,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 8 $2,860,000 $357,500 $0 0.00%
    $250k+ 5 $2,195,000 $439,000 $0 0.00%
    $100k-150k 3 $1,065,000 $355,000 $0 0.00%
    $50k-75k 3 $555,000 $185,000 $0 0.00%
    $50k or less 2 $80,000 $40,000 $0 0.00%
    $75k-100k 1 $245,000 $245,000 $0 0.00%

    Tc Federal Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $250k+, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 44 $14,390,000 $327,045 $0 0.00%

    Tc Federal Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 22 $7,390,000 $335,909 $0 0.00%
    White 15 $4,915,000 $327,667 $0 0.00%
    Not provided 3 $1,165,000 $388,333 $0 0.00%
    Black 3 $715,000 $238,333 $0 0.00%
    Asian Indian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.35%

    Tc Federal Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    Tc Federal Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 44 $14,390,000 $327,045

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    44 $14,390,000 $327,045