Trustmark National Bank Mortgage Rates, Fees & Info
Jackson, MSLEI: 01J4SO3XTWZF4PP38209
Tax ID: 64-0180810
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Mortgage Data
Review & Overview
Trustmark National Bank is a small bank specializing in Home Purchase loans. Trustmark National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jackson, Memphis, Birmingham, Montgomery, and Mobile among others. We have data for 101 markets. (Some data included below & more in-depth data is available with an active subscription.)Trustmark National 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. Trustmark National 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.34% | 12/16/24 |
| 30 Year Conventional Refi | 6.41% | 12/16/24 |
| 30 Year Cash-out Refi | 6.63% | 12/16/24 |
| 30 Year FHA Purchase | 7.26% | 12/16/24 |
| 30 Year FHA Refi | 7.03% | 12/16/24 |
| 30 Year VA Purchase | 6.20% | 12/16/24 |
| 30 Year VA Refi | 6.06% | 12/16/24 |
| 30 Year USDA Purchase | 6.49% | 12/16/24 |
| 30 Year USDA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.12% | 12/16/24 |
| 15 Year Conventional Refi | 6.08% | 12/16/24 |
| 15 Year Cash-out Refi | 6.08% | 12/16/24 |
| 15 Year FHA Refi | 7.26% | 12/16/24 |
| 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. | ||
Trustmark National Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Trustmark National 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
9,063Origination Dollar Volume (All Markets)
$1,645,725,000Awards
Trustmark National Bank - 2023
Trustmark National 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
Trustmark National Bank's average 30 year fixed mortgage rate was
6.5%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.02%.
Relative Fees (Closing Costs)
Trustmark National Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,682.
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 |
|---|---|---|---|---|---|
| JACKSON, MS (FHA|USDA|VA) | 1,762 | $268,380,000 | $152,316 | $4,404 | 6.85% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1,054 | $165,510,000 | $157,030 | $4,380 | 6.58% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 637 | $136,725,000 | $214,639 | $4,262 | 6.86% |
| MONTGOMERY, AL (FHA|USDA|VA) | 544 | $107,570,000 | $197,739 | $5,125 | 6.92% |
| MOBILE, AL (FHA|USDA|VA) | 457 | $87,895,000 | $192,330 | $4,615 | 6.94% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 333 | $84,085,000 | $252,508 | $6,078 | 7.01% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 256 | $82,500,000 | $322,266 | $6,348 | 6.84% |
| Outside of Metro Areas | 638 | $82,240,000 | $128,903 | $4,524 | 6.77% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 319 | $80,575,000 | $252,586 | $5,371 | 7.11% |
| PANAMA CITY, FL (FHA|USDA|VA) | 272 | $62,670,000 | $230,404 | $6,403 | 6.58% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 379 | $57,855,000 | $152,652 | $4,702 | 6.22% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 215 | $56,135,000 | $261,093 | $7,795 | 6.50% |
| HATTIESBURG, MS (FHA|USDA|VA) | 300 | $44,760,000 | $149,200 | $4,616 | 6.49% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 133 | $42,845,000 | $322,143 | $6,060 | 7.30% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 223 | $41,425,000 | $185,762 | $4,801 | 6.80% |
| Meridian, MS (FHA|USDA|VA) | 201 | $25,275,000 | $125,746 | $5,477 | 5.84% |
| Vicksburg, MS (FHA|USDA|VA) | 129 | $19,275,000 | $149,419 | $4,896 | 6.57% |
| SUMTER, SC (FHA|USDA|VA) | 66 | $15,600,000 | $236,364 | $7,412 | 6.60% |
| Tupelo, MS (FHA|USDA|VA) | 133 | $13,975,000 | $105,075 | $5,766 | 7.04% |
| Columbus, MS (FHA|USDA|VA) | 96 | $12,560,000 | $130,833 | $4,274 | 6.89% |
| Oxford, MS (FHA|USDA|VA) | 59 | $12,445,000 | $210,932 | $6,225 | 7.37% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 46 | $11,760,000 | $255,652 | $5,391 | 6.87% |
| Brookhaven, MS (FHA|USDA|VA) | 104 | $11,600,000 | $111,538 | $3,823 | 7.56% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 59 | $10,545,000 | $178,729 | $6,310 | 7.09% |
| Laurel, MS (FHA|USDA|VA) | 89 | $10,185,000 | $114,438 | $4,102 | 7.37% |
| Alexander City, AL (FHA|USDA|VA) | 19 | $8,755,000 | $460,789 | $4,744 | 7.27% |
| McComb, MS (FHA|USDA|VA) | 59 | $6,815,000 | $115,508 | $4,670 | 7.45% |
| Corinth, MS (FHA|USDA|VA) | 51 | $5,485,000 | $107,549 | $4,388 | 7.71% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $5,130,000 | $427,500 | $10,005 | 6.41% |
| COLUMBIA, SC (FHA|USDA|VA) | 21 | $4,735,000 | $225,476 | $5,602 | 6.49% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 16 | $4,070,000 | $254,375 | $4,684 | 6.80% |
| DECATUR, AL (FHA|USDA|VA) | 25 | $3,865,000 | $154,600 | $6,421 | 7.74% |
| Selma, AL (FHA|USDA|VA) | 32 | $3,800,000 | $118,750 | $5,257 | 7.87% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $3,615,000 | $328,636 | $9,130 | 6.64% |
| Greenville, MS (FHA|USDA|VA) | 40 | $3,470,000 | $86,750 | $3,359 | 5.30% |
| Starkville, MS (FHA|USDA|VA) | 14 | $3,210,000 | $229,286 | $7,226 | 7.20% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 14 | $3,040,000 | $217,143 | $6,265 | 6.72% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 10 | $2,770,000 | $277,000 | $5,309 | 6.25% |
| Troy, AL (FHA|USDA|VA) | 12 | $2,590,000 | $215,833 | $6,522 | 7.05% |
| Cullman, AL (FHA|USDA|VA) | 7 | $2,175,000 | $310,714 | $5,644 | 6.71% |
| Atmore, AL (FHA|USDA|VA) | 24 | $1,830,000 | $76,250 | $4,252 | 7.87% |
| DOTHAN, AL (FHA|USDA|VA) | 11 | $1,605,000 | $145,909 | $4,221 | 6.92% |
| Greenwood, MS (FHA|USDA|VA) | 22 | $1,580,000 | $71,818 | $3,038 | 6.24% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 7 | $1,555,000 | $222,143 | $8,450 | 7.91% |
| Natchez, MS-LA (FHA|USDA|VA) | 12 | $1,470,000 | $122,500 | $3,289 | 6.11% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $1,355,000 | $1,355,000 | $0 | 6.35% |
| Picayune, MS (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $4,586 | 7.32% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $6,822 | 6.75% |
| GADSDEN, AL (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $6,453 | 6.93% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $3,714 | 6.46% |
| Eufaula, AL-GA (FHA|USDA|VA) | 15 | $1,135,000 | $75,667 | $3,628 | 7.63% |
| LaGrange, GA-AL (FHA|USDA|VA) | 8 | $1,120,000 | $140,000 | $4,765 | 7.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $4,008 | 6.19% |
| Fort Payne, AL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $7,560 | 7.21% |
| Jasper, AL (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $5,158 | 8.30% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $6,134 | 7.42% |
| Ozark, AL (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $4,254 | 6.43% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,403 | 6.58% |
| Brenham, TX (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $3,930 | 7.00% |
| Albertville, AL (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $3,558 | 8.40% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $6,234 | 6.33% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $10,264 | 7.50% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $358 | 7.25% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $6,076 | 6.25% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,351 | 6.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $6,345 | 6.38% |
| Enterprise, AL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,689 | 5.94% |
| West Point, MS (FHA|USDA|VA) | 6 | $540,000 | $90,000 | $4,209 | 5.87% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,976 | 6.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,832 | 6.75% |
| Scottsboro, AL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,145 | 7.20% |
| Indianola, MS (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $3,949 | 7.61% |
| JACKSON, TN (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $1,960 | 7.25% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,769 | 6.25% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $658 | 7.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 7.72% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,842 | 7.70% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,735 | 6.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,508 | 6.81% |
| FLORENCE, SC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,455 | 7.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,134 | 6.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,089 | 6.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,750 | 7.13% |
| El Dorado, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,013 | 6.63% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,070 | 7.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,246 | 3.13% |
| Marion, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,078 | 6.38% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,423 | 6.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,970 | 6.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,257 | 5.75% |
| Grenada, MS (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $2,839 | 6.88% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,511 | 6.50% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.25% |
| Clarksdale, MS (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $2,428 | 2.83% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,735 | 6.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,832 | 5.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,686 | 7.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,526 | 7.50% |
| Cleveland, MS (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $4,328 | 7.50% |
| El Campo, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.35% |
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We use machine learning to identify the top lenders compared against Trustmark National 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
For 2023, Trustmark National Bank's most frequently originated type of loan was Conventional, with 4,476 originations. Their 2nd most popular type was HELOC, with 2,640 originations.
Loan Reason
For 2023, Trustmark National Bank's most frequently cited loan purpose was Home Purchase, with 5,833 originations. The 2nd most popular reason was Other, with 1,445 originations.
Loan Duration/Length
For 2023, Trustmark National Bank's most frequently cited loan duration was 30 Year, with 5,222 originations. The 2nd most popular length was 10 Year, with 2,643 originations.
Origination Fees/Closing Costs
Trustmark National Bank's average total fees were $5,682, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,944 originations.
Interest Rates
During 2023, Trustmark National Bank's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 2,746 originations.
Loan Sizing
2023 saw Trustmark National Bank place emphasis on $100,000 or less loans with 3,290 originations, totaling $137,400,000 in origination value.
Applicant Income
Trustmark National Bank lent most frequently to those with incomes in the $50k-75k range, with 2,269 originations. The second most popular income band? $100k-150k, with 1,788 originations.
Applicant Debt to Income Ratio
Trustmark National Bank lent most frequently to those with DTI ratios of 20-30%, with 1,487 originations. The next most common DTI ratio? 30-36%, with 1,327 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.26%
Trustmark National Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.94%
Trustmark National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9,063 | $1,645,725,000 | $181,587 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 9,063 | $1,645,725,000 | $181,587 |