Triad Bank Mortgage Rates, Fees & Info
TULSA, OKLEI: 549300VUC1HUFKVPE720
Tax ID: 73-1187322
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Mortgage Data
Review & Overview
Triad Bank is a smaller bank specializing in Home Purchase and Refi loans. Triad Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Tulsa, College Station, Dallas, Oklahoma City, and Stillwater among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Triad Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 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. | ||
Triad Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
49Origination Dollar Volume (All Markets)
$10,725,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 44 | $9,860,000 | $224,091 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $10,275,000 | $218,617 | $0 | 0.00% |
| FHA | 2 | $450,000 | $225,000 | $0 | 0.00% |
For 2018, Triad Bank's most frequently originated type of loan was Conventional, with 47 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2018, Triad Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $10,725,000 | $218,878 | $0 | 0.00% |
For 2018, Triad Bank's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2018 saw Triad Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,595,000 in origination value.
Applicant Income
Triad Bank lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $250k+, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $10,725,000 | $218,878 | $0 | 0.00% |
Triad Bank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.41%
Triad Bank has an average approval rate.
Pick Rate
Approvals leading to origination69.39%
Triad 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 | 49 | $10,725,000 | $218,878 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $505,000 | $505,000 |
| Single Family (1-4 Units):Site-Built | 48 | $10,220,000 | $212,917 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRIAD FINANCIAL SERVICES, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 100.0% |