Tc Federal Bank Mortgage Rates, Fees & Info
Thomasville, GALEI: 549300PJ8G3ECK1DQW27
Tax ID: 58-0459665
Latest/2024 | 2023 Data | 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, Thomasville, Jacksonville, Savannah, and North Port among others. We have data for 9 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
38Origination Dollar Volume (All Markets)
$16,720,000Top 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) | 17 | $5,845,000 | $343,824 | $0 | 0.00% |
| Thomasville, GA (FHA|USDA|VA) | 7 | $4,025,000 | $575,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $2,105,000 | $701,667 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,840,000 | $460,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $1,555,000 | $518,333 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $16,720,000 | $440,000 | $0 | 0.00% |
For 2024, Tc Federal Bank's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2024, Tc Federal Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $16,720,000 | $440,000 | $0 | 0.00% |
For 2024, Tc Federal Bank's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2024 saw Tc Federal Bank place emphasis on $100k-200k loans with 9 originations, totaling $1,275,000 in origination value.
Applicant Income
Tc Federal Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $16,720,000 | $440,000 | $0 | 0.00% |
Tc Federal Bank lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.75%
Tc Federal Bank has a below average approval rate.
Pick Rate
Approvals leading to origination68.42%
Tc Federal Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 38 | $16,720,000 | $440,000 |