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. Their top markets by origination volume include: Tulsa, Dallas, and Fort Collins among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Triad 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.
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
37Origination Dollar Volume (All Markets)
$10,705,000Top 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) | 34 | $9,800,000 | $288,235 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $10,705,000 | $289,324 | $0 | 0.00% |
For 2019, Triad Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2019, Triad Bank's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Other, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $10,705,000 | $289,324 | $0 | 0.00% |
For 2019, Triad Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2019 saw Triad Bank place emphasis on $100,000 or less loans with 15 originations, totaling $845,000 in origination value.
Applicant Income
Triad Bank lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $250k+, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $10,705,000 | $289,324 | $0 | 0.00% |
Triad Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.69%
Triad Bank has an average approval rate.
Pick Rate
Approvals leading to origination51.35%
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 | 37 | $10,705,000 | $289,324 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $3,770,000 | $1,885,000 |
| Single Family (1-4 Units):Site-Built | 35 | $6,935,000 | $198,143 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRIAD FINANCIAL SERVICES, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| TRIAD FINANCIAL SERVICES, INC. | Conventional home mortgage | Closing on a mortgage | 2 | 28.6% |
| TRIAD FINANCIAL SERVICES, INC. | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |
| TRIAD FINANCIAL SERVICES, INC. | Other type of mortgage | Closing on a mortgage | 1 | 14.3% |
| TRIAD FINANCIAL SERVICES, INC. | Other type of mortgage | Trouble during payment process | 1 | 14.3% |