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, Birmingham, Memphis, Houston, and Montgomery among others. We have data for 114 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 about average 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% | 4/28/24 |
| 30 Year Conventional Purchase | 6.34% | 4/28/24 |
| 30 Year Conventional Refi | 6.41% | 4/28/24 |
| 30 Year Cash-out Refi | 6.63% | 4/28/24 |
| 30 Year FHA Purchase | 7.26% | 4/28/24 |
| 30 Year FHA Refi | 7.03% | 4/28/24 |
| 30 Year VA Purchase | 6.20% | 4/28/24 |
| 30 Year VA Refi | 6.06% | 4/28/24 |
| 30 Year USDA Purchase | 6.49% | 4/28/24 |
| 30 Year USDA Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 6.12% | 4/28/24 |
| 15 Year Conventional Refi | 6.08% | 4/28/24 |
| 15 Year Cash-out Refi | 6.08% | 4/28/24 |
| 15 Year FHA Refi | 7.26% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
13,430Origination Dollar Volume (All Markets)
$2,498,130,000Awards
Trustmark National Bank - 2022
Trustmark National Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 2,017 | $328,375,000 | $162,804 | $3,968 | 3.44% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1,179 | $242,525,000 | $205,704 | $2,969 | 4.42% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2,185 | $214,815,000 | $98,314 | $2,312 | 3.76% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 437 | $159,185,000 | $364,268 | $5,887 | 3.96% |
| MONTGOMERY, AL (FHA|USDA|VA) | 865 | $158,885,000 | $183,682 | $3,882 | 4.32% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 581 | $155,925,000 | $268,373 | $4,505 | 3.75% |
| MOBILE, AL (FHA|USDA|VA) | 770 | $144,800,000 | $188,052 | $3,853 | 4.27% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 463 | $104,855,000 | $226,469 | $4,280 | 4.05% |
| Outside of Metro Areas | 777 | $103,985,000 | $133,829 | $4,206 | 3.76% |
| PANAMA CITY, FL (FHA|USDA|VA) | 392 | $87,920,000 | $224,286 | $5,460 | 3.64% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 318 | $81,350,000 | $255,818 | $5,267 | 4.37% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 470 | $80,670,000 | $171,638 | $4,503 | 4.12% |
| HATTIESBURG, MS (FHA|USDA|VA) | 414 | $71,350,000 | $172,343 | $4,403 | 3.89% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 196 | $63,300,000 | $322,959 | $5,838 | 2.97% |
| Oxford, MS (FHA|USDA|VA) | 112 | $52,010,000 | $464,375 | $3,239 | 4.01% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 263 | $49,165,000 | $186,939 | $4,514 | 4.35% |
| Meridian, MS (FHA|USDA|VA) | 239 | $37,365,000 | $156,339 | $4,623 | 3.64% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 77 | $35,985,000 | $467,338 | $4,781 | 3.98% |
| Vicksburg, MS (FHA|USDA|VA) | 180 | $26,170,000 | $145,389 | $3,957 | 3.55% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $24,635,000 | $24,635,000 | $0 | 2.94% |
| Starkville, MS (FHA|USDA|VA) | 25 | $21,405,000 | $856,200 | $4,379 | 3.93% |
| Tupelo, MS (FHA|USDA|VA) | 155 | $21,315,000 | $137,516 | $4,644 | 3.42% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 109 | $20,835,000 | $191,147 | $4,170 | 3.89% |
| SUMTER, SC (FHA|USDA|VA) | 90 | $20,070,000 | $223,000 | $6,838 | 4.97% |
| Brookhaven, MS (FHA|USDA|VA) | 134 | $14,670,000 | $109,478 | $3,112 | 3.03% |
| Columbus, MS (FHA|USDA|VA) | 101 | $14,265,000 | $141,238 | $4,213 | 3.51% |
| Laurel, MS (FHA|USDA|VA) | 98 | $11,660,000 | $118,980 | $3,947 | 3.12% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 42 | $10,880,000 | $259,048 | $5,694 | 4.70% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 11 | $7,075,000 | $643,182 | $5,220 | 4.08% |
| COLUMBIA, SC (FHA|USDA|VA) | 29 | $6,985,000 | $240,862 | $5,294 | 5.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $6,975,000 | $465,000 | $3,886 | 3.12% |
| McComb, MS (FHA|USDA|VA) | 69 | $6,865,000 | $99,493 | $3,612 | 3.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 18 | $6,250,000 | $347,222 | $7,574 | 4.82% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $5,825,000 | $529,545 | $8,076 | 3.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 9 | $5,625,000 | $625,000 | $7,102 | 3.49% |
| DECATUR, AL (FHA|USDA|VA) | 38 | $5,470,000 | $143,947 | $3,219 | 4.17% |
| Greenville, MS (FHA|USDA|VA) | 61 | $5,355,000 | $87,787 | $2,859 | 3.59% |
| Atmore, AL (FHA|USDA|VA) | 45 | $5,275,000 | $117,222 | $3,574 | 3.97% |
| Corinth, MS (FHA|USDA|VA) | 51 | $4,655,000 | $91,275 | $2,965 | 2.68% |
| Selma, AL (FHA|USDA|VA) | 47 | $4,565,000 | $97,128 | $3,258 | 4.11% |
| Alexander City, AL (FHA|USDA|VA) | 23 | $4,485,000 | $195,000 | $3,455 | 3.61% |
| Greenwood, MS (FHA|USDA|VA) | 47 | $4,265,000 | $90,745 | $3,344 | 3.38% |
| Troy, AL (FHA|USDA|VA) | 16 | $4,240,000 | $265,000 | $5,103 | 4.17% |
| Cullman, AL (FHA|USDA|VA) | 12 | $3,100,000 | $258,333 | $5,197 | 3.96% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 11 | $2,725,000 | $247,727 | $6,614 | 3.77% |
| Picayune, MS (FHA|USDA|VA) | 13 | $2,655,000 | $204,231 | $7,143 | 3.55% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 15 | $2,185,000 | $145,667 | $2,581 | 5.06% |
| LaGrange, GA-AL (FHA|USDA|VA) | 11 | $1,715,000 | $155,909 | $4,370 | 5.17% |
| DOTHAN, AL (FHA|USDA|VA) | 16 | $1,710,000 | $106,875 | $2,593 | 5.31% |
| Eufaula, AL-GA (FHA|USDA|VA) | 14 | $1,680,000 | $120,000 | $3,817 | 4.03% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,640,000 | $410,000 | $7,922 | 4.31% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 10 | $1,620,000 | $162,000 | $3,104 | 5.54% |
| Jasper, AL (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $4,585 | 5.10% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $5,289 | 4.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $5,910 | 3.13% |
| Albertville, AL (FHA|USDA|VA) | 7 | $1,405,000 | $200,714 | $4,748 | 4.35% |
| Natchez, MS-LA (FHA|USDA|VA) | 11 | $1,275,000 | $115,909 | $2,353 | 3.97% |
| JACKSON, TN (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $5,545 | 4.42% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $3,777 | 3.96% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 4.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $5,928 | 3.84% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $7,578 | 2.99% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $15,043 | 5.81% |
| JONESBORO, AR (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $3,257 | 2.75% |
| Brownsville, TN (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $3,553 | 4.58% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $5,988 | 3.37% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $6,687 | 5.46% |
| GADSDEN, AL (FHA|USDA|VA) | 7 | $815,000 | $116,429 | $1,990 | 4.65% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,033 | 2.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $6,123 | 3.25% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,162 | 3.59% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,629 | 5.88% |
| Americus, GA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,902 | 5.50% |
| West Point, MS (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $4,677 | 4.91% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $14,151 | 6.81% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,196 | 3.62% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,294 | 3.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,431 | 3.63% |
| Minden, LA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $9,154 | 4.94% |
| Ozark, AL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,167 | 3.53% |
| Enterprise, AL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $2,466 | 4.44% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,868 | 2.75% |
| Fort Payne, AL (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $4,357 | 5.19% |
| HAMMOND, LA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $8,054 | 3.37% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,727 | 5.69% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,354 | 4.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $9,665 | 4.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,469 | 4.94% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,714 | 4.50% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,594 | 5.69% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 3.75% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,015 | 5.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,988 | 3.38% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,387 | 6.06% |
| Bonham, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,685 | 5.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,045 | 6.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.98% |
| Key West, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.98% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,516 | 6.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,300 | 3.50% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,567 | 5.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,929 | 4.50% |
| Indianola, MS (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $1,068 | 5.38% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,030 | 4.25% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,227 | 3.88% |
| Grenada, MS (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,711 | 3.94% |
| MONROE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,833 | 5.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,371 | 3.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.98% |
| Clarksdale, MS (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $4,467 | 3.81% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,290 | 5.75% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,278 | 5.75% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,282 | 6.80% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,446 | 6.63% |
Similar Lenders
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 2022, Trustmark National Bank's most frequently originated type of loan was Conventional, with 7,802 originations. Their 2nd most popular type was HELOC, with 3,476 originations.
Loan Reason
For 2022, Trustmark National Bank's most frequently cited loan purpose was Home Purchase, with 8,122 originations. The 2nd most popular reason was Other, with 2,082 originations.
Loan Duration/Length
For 2022, Trustmark National Bank's most frequently cited loan duration was 30 Year, with 7,455 originations. The 2nd most popular length was 10 Year, with 3,357 originations.
Origination Fees/Closing Costs
Trustmark National Bank's average total fees were $4,839, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6,683 originations.
Interest Rates
During 2022, Trustmark National Bank's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 3-4%, with 3,700 originations.
Loan Sizing
2022 saw Trustmark National Bank place emphasis on $100,000 or less loans with 4,955 originations, totaling $173,555,000 in origination value.
Applicant Income
Trustmark National Bank lent most frequently to those with incomes in the $50k-75k range, with 3,411 originations. The second most popular income band? $50k or less, with 3,177 originations.
Applicant Debt to Income Ratio
Trustmark National Bank lent most frequently to those with DTI ratios of 20-30%, with 2,350 originations. The next most common DTI ratio? 30-36%, with 2,077 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.30%
Trustmark National Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.05%
Trustmark National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13,430 | $2,498,130,000 | $186,011 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 13,430 | $2,498,130,000 | $186,011 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 3 | 37.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Struggling to pay mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Trouble during payment process | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | Other type of mortgage | Struggling to pay mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |