Tri Counties Bank Mortgage Rates, Fees & Info
Chico, CALEI: 549300W0YBCUV18HSR42
Tax ID: 94-2261923
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Mortgage Data
Review & Overview
Tri Counties Bank is a smaller bank specializing in Home Purchase loans. Tri Counties Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, San Jose, Redding, Sacramento, and Chico among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)Tri Counties 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. Tri Counties Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.20% | 11/17/24 |
| 30 Year Conventional Refi | 6.36% | 11/17/24 |
| 30 Year Cash-out Refi | 6.76% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.52% | 11/17/24 |
| 15 Year Conventional Refi | 5.41% | 11/17/24 |
| 15 Year Cash-out Refi | 5.41% | 11/17/24 |
| 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. | ||
Tri Counties Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Tri Counties Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,056Origination Dollar Volume (All Markets)
$358,690,000Awards
Tri Counties Bank - 2023
Tri Counties Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Tri Counties Bank's average 30 year fixed mortgage rate was
6.51%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
Tri Counties Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,843.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 65 | $56,745,000 | $873,000 | $6,430 | 8.05% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 42 | $52,490,000 | $1,249,762 | $4,624 | 6.39% |
| REDDING, CA (FHA|USDA|VA) | 175 | $45,285,000 | $258,771 | $4,165 | 8.78% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 128 | $43,840,000 | $342,500 | $5,302 | 8.68% |
| CHICO, CA (FHA|USDA|VA) | 152 | $28,420,000 | $186,974 | $4,409 | 8.68% |
| Outside of Metro Areas | 106 | $16,410,000 | $154,811 | $4,793 | 8.48% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 43 | $12,885,000 | $299,651 | $4,939 | 8.43% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 43 | $10,925,000 | $254,070 | $5,212 | 8.67% |
| STOCKTON, CA (FHA|USDA|VA) | 16 | $10,210,000 | $638,125 | $4,649 | 6.98% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $8,530,000 | $2,132,500 | $5,107 | 7.06% |
| YUBA CITY, CA (FHA|USDA|VA) | 40 | $7,060,000 | $176,500 | $3,055 | 8.70% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 43 | $6,545,000 | $152,209 | $5,036 | 7.47% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $6,180,000 | $618,000 | $6,309 | 7.22% |
| FRESNO, CA (FHA|USDA|VA) | 24 | $5,450,000 | $227,083 | $4,222 | 8.54% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $4,805,000 | $4,805,000 | $0 | 6.35% |
| MERCED, CA (FHA|USDA|VA) | 16 | $4,610,000 | $288,125 | $4,847 | 8.05% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $4,230,000 | $705,000 | $6,568 | 7.31% |
| VISALIA, CA (FHA|USDA|VA) | 16 | $3,620,000 | $226,250 | $4,061 | 8.75% |
| Crescent City, CA (FHA|USDA|VA) | 20 | $3,410,000 | $170,500 | $5,267 | 9.34% |
| MODESTO, CA (FHA|USDA|VA) | 19 | $3,175,000 | $167,105 | $4,531 | 9.26% |
| Clearlake, CA (FHA|USDA|VA) | 22 | $2,970,000 | $135,000 | $4,920 | 8.13% |
| MADERA, CA (FHA|USDA|VA) | 13 | $2,815,000 | $216,538 | $5,844 | 8.78% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $2,795,000 | $2,795,000 | $0 | 8.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 6 | $2,450,000 | $408,333 | $6,597 | 8.02% |
| Red Bluff, CA (FHA|USDA|VA) | 19 | $2,175,000 | $114,474 | $4,149 | 9.13% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $1,815,000 | $1,815,000 | $6,593 | 6.13% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 7.88% |
| RENO, NV (FHA|USDA|VA) | 2 | $1,440,000 | $720,000 | $4,889 | 5.94% |
| NAPA, CA (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $0 | 9.03% |
| Ukiah, CA (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $3,665 | 8.73% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $4,402 | 6.63% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $3,167 | 8.44% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 7.63% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 6.04% |
| Susanville, CA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,004 | 7.17% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,806 | 6.50% |
| Brookings, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,930 | 5.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 10.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Tri Counties Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 664 | $111,350,000 | $167,696 | n/a | 9.48% |
| Conventional | 392 | $247,340,000 | $630,969 | $4,811 | 6.51% |
For 2023, Tri Counties Bank's most frequently originated type of loan was HELOC, with 664 originations. Their 2nd most popular type was Conventional, with 392 originations.
Loan Reason
For 2023, Tri Counties Bank's most frequently cited loan purpose was Other, with 340 originations. The 2nd most popular reason was Home Purchase, with 301 originations.
Loan Duration/Length
For 2023, Tri Counties Bank's most frequently cited loan duration was 30+ year, with 649 originations. The 2nd most popular length was 30 Year, with 326 originations.
Origination Fees/Closing Costs
Tri Counties Bank's average total fees were $4,843, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 225 originations.
Interest Rates
During 2023, Tri Counties Bank's average interest rate for loans was 6.51%, while their most frequently originated rate bucket for loans was Over 8%, with 655 originations.
Loan Sizing
2023 saw Tri Counties Bank place emphasis on $100k-200k loans with 354 originations, totaling $45,130,000 in origination value.
Applicant Income
Tri Counties Bank lent most frequently to those with incomes in the $100k-150k range, with 217 originations. The second most popular income band? $150k-250k, with 171 originations.
Applicant Debt to Income Ratio
Tri Counties Bank lent most frequently to those with DTI ratios of 20-30%, with 195 originations. The next most common DTI ratio? 30-36%, with 166 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications68.62%
Tri Counties Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination76.14%
Tri Counties Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,056 | $358,690,000 | $339,669 |