Tri Counties Bank Mortgage Rates, Fees & Info

Chico, CA

LEI: 549300W0YBCUV18HSR42

Tax ID: 94-2261923

5 stars - Updated: 10/13/24 - out of 5 stars, based on 32 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 10/13/24
30 Year Conventional Purchase 6.20% 10/13/24
30 Year Conventional Refi 6.36% 10/13/24
30 Year Cash-out Refi 6.76% 10/13/24
30 Year FHA Purchase 6.27% 10/13/24
30 Year USDA Purchase 6.27% 10/13/24
15 Year Conventional Purchase 5.52% 10/13/24
15 Year Conventional Refi 5.41% 10/13/24
15 Year Cash-out Refi 5.41% 10/13/24
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

1,056

Origination Dollar Volume (All Markets)

$358,690,000
Show all (11) awards

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%
Tri Counties Bank's top markets include San Francisco, San Jose, Redding, Sacramento, and Chico among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 340 $57,780,000 $169,941 $3,225 9.43%
    Home Purchase 301 $216,565,000 $719,485 $5,193 6.66%
    Home Improvement 222 $26,700,000 $120,270 $2,992 9.56%
    Refi 143 $41,935,000 $293,252 $4,470 8.20%
    Cash Out Refi 50 $15,710,000 $314,200 $3,867 6.93%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 649 $101,635,000 $156,602 $0 9.50%
    30 Year 326 $166,690,000 $511,319 $4,843 6.51%
    5 Year 33 $13,675,000 $414,394 $0 8.55%
    10 Year 28 $25,160,000 $898,571 $2,943 6.53%
    15 Year 9 $3,625,000 $402,778 $4,817 6.61%
    3 Year 4 $7,800,000 $1,950,000 $0 6.63%
    Other 4 $39,370,000 $9,842,500 $0 7.46%
    20 Year 3 $735,000 $245,000 $4,156 6.54%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 225 $137,655,000 $611,800
    $2k-3k 25 $6,475,000 $259,000
    $5k+ 22 $6,910,000 $314,091
    $3k-4k 13 $3,565,000 $274,231
    $4k-5k 11 $3,435,000 $312,273
    $<1k 10 $300,000 $30,000

    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

    Loan Rate Originations Total Value Average Loan
    Over 8% 655 $105,475,000 $161,031
    6-7% 177 $131,695,000 $744,040
    7-8% 114 $64,690,000 $567,456
    5-6% 81 $51,115,000 $631,049
    <2.5% 9 $245,000 $27,222
    4-5% 1 $5,035,000 $5,035,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 354 $45,130,000 $127,486 $3,883 8.45%
    $100,000 or less 277 $13,795,000 $49,801 $2,316 9.69%
    $200k-400k 221 $60,295,000 $272,828 $5,672 8.12%
    $1MM+ 73 $153,385,000 $2,101,164 $5,763 6.61%
    $600k-1MM 72 $57,350,000 $796,528 $4,837 6.87%
    $400k-600k 59 $28,735,000 $487,034 $5,875 7.86%

    2023 saw Tri Counties Bank place emphasis on $100k-200k loans with 354 originations, totaling $45,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 217 $37,445,000 $172,558 $5,378 8.95%
    $150k-250k 171 $51,385,000 $300,497 $5,419 8.45%
    $50k-75k 166 $19,520,000 $117,590 $4,332 8.53%
    $250k+ 149 $103,295,000 $693,255 $5,141 8.13%
    $50k or less 130 $12,000,000 $92,308 $3,547 8.40%
    $75k-100k 120 $16,190,000 $134,917 $4,997 8.89%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 195 $40,685,000 $208,641 $4,199 8.89%
    30-36% 166 $40,890,000 $246,325 $4,749 8.45%
    <20% 125 $27,625,000 $221,000 $4,555 8.97%
    43% 59 $11,555,000 $195,847 $4,207 8.74%
    41% 54 $14,330,000 $265,370 $4,699 8.89%
    40% 49 $11,095,000 $226,429 $5,228 7.86%
    44% 46 $11,920,000 $259,130 $4,674 8.71%
    39% 45 $12,965,000 $288,111 $4,394 8.22%
    38% 43 $7,775,000 $180,814 $4,308 8.94%
    42% 41 $10,425,000 $254,268 $4,237 8.44%
    36% 35 $5,345,000 $152,714 $4,780 8.91%
    37% 32 $8,300,000 $259,375 $7,386 9.25%
    50-60% 25 $27,785,000 $1,111,400 $4,985 6.40%
    49% 23 $8,895,000 $386,739 $5,361 6.84%
    45% 23 $9,725,000 $422,826 $6,309 7.06%
    46% 16 $8,910,000 $556,875 $4,840 6.29%
    47% 13 $6,955,000 $535,000 $4,781 5.34%
    48% 8 $3,850,000 $481,250 $4,756 6.19%
    >60% 2 $3,530,000 $1,765,000 $4,643 7.31%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 732 $177,610,000 $242,637 $4,736 8.44%
    Not applicable 28 $72,540,000 $2,590,714 $0 7.38%
    Asian 102 $63,820,000 $625,686 $5,078 7.73%
    Not provided 152 $37,580,000 $247,237 $4,858 8.79%
    American Indian 25 $3,625,000 $145,000 $5,255 8.96%
    Black 11 $1,495,000 $135,909 $4,253 9.27%
    Chinese 1 $935,000 $935,000 $4,203 6.38%
    Asian Indian 1 $655,000 $655,000 $0 6.00%
    Native Hawaiian or Islander 4 $430,000 $107,500 $0 9.84%

    Approval Rates

    Total approvals of all applications
    68.62%

    Tri Counties Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    76.14%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,056 $358,690,000 $339,669

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 294 $61,650,000 $209,694 $3,564 8.68%
    40-60% 141 $59,325,000 $420,745 $4,750 7.90%
    60-80% 167 $159,495,000 $955,060 $5,530 7.05%
    80-100% 85 $47,125,000 $554,412 $5,336 6.75%
    Under 20% 369 $31,095,000 $84,268 $2,101 9.46%