Trupoint Bank Mortgage Rates, Fees & Info
Grundy, VALEI: 549300TELLWSMYL9RE90
Tax ID: 54-0924883
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Mortgage Data
Review & Overview
Trupoint Bank is a smaller bank specializing in Home Purchase loans. Trupoint Bank has a high proportion of conventional loans. Their top markets by origination volume include: Asheville, Johnson City, Kingsport, Brevard, and Bluefield among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Trupoint Bank has a below 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
25Origination Dollar Volume (All Markets)
$6,935,000Top 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 |
|---|---|---|---|---|---|
| ASHEVILLE, NC (FHA|USDA|VA) | 8 | $4,100,000 | $512,500 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 0.00% |
| Brevard, NC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $375,000 | $41,667 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $6,935,000 | $277,400 | $0 | 0.00% |
For 2023, Trupoint Bank's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
For 2023, Trupoint Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Home Improvement, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $6,935,000 | $277,400 | $0 | 0.00% |
For 2023, Trupoint Bank's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
2023 saw Trupoint Bank place emphasis on $100,000 or less loans with 13 originations, totaling $505,000 in origination value.
Applicant Income
Trupoint Bank lent most frequently to those with incomes in the $50k-75k range, with 4 originations. The second most popular income band? $50k or less, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 25 | $6,935,000 | $277,400 | $0 | 0.00% |
Trupoint Bank lent most frequently to those with DTI ratios of Exempt%, with 25 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 11 | $6,075,000 | $552,273 | $0 | 0.00% |
| White | 13 | $815,000 | $62,692 | $0 | 0.00% |
| Black | 1 | $45,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications62.96%
Trupoint Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination68.00%
Trupoint 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 | 25 | $6,935,000 | $277,400 |