Tc Federal Bank Mortgage Rates, Fees & Info
Thomasville, GALEI: 549300PJ8G3ECK1DQW27
Tax ID: 58-0459665
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
44Origination Dollar Volume (All Markets)
$14,390,000Top 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% |
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
2023 saw Tc Federal Bank place emphasis on $200k-400k loans with 22 originations, totaling $5,940,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications82.35%
Tc Federal Bank has a below average approval rate.
Pick Rate
Approvals leading to origination75.00%
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 |