Family Trust Federal Credit Union Mortgage Rates, Fees & Info
Rock Hill, SCLEI: 254900756YRTYX32I428
Tax ID: 57-0400781
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Family Trust Federal Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Family Trust Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Greenville, Columbia, Augusta, and Greenwood among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Family Trust Federal Credit Union 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.
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Originations
175Origination Dollar Volume (All Markets)
$18,525,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 166 | $16,320,000 | $98,313 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Family Trust Federal Credit Union 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 |
|---|---|---|---|---|---|
| Conventional | 175 | $18,525,000 | $105,857 | $0 | 0.00% |
For 2024, Family Trust Federal Credit Union's most frequently originated type of loan was Conventional, with 175 originations.
Loan Reason
For 2024, Family Trust Federal Credit Union's most frequently cited loan purpose was Other, with 78 originations. The 2nd most popular reason was Home Improvement, with 49 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 175 | $18,525,000 | $105,857 | $0 | 0.00% |
For 2024, Family Trust Federal Credit Union's most frequently cited loan duration was Other, with 175 originations.
Loan Sizing
2024 saw Family Trust Federal Credit Union place emphasis on $100,000 or less loans with 112 originations, totaling $5,660,000 in origination value.
Applicant Income
Family Trust Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $50k-75k, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 175 | $18,525,000 | $105,857 | $0 | 0.00% |
Family Trust Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 175 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.64%
Family Trust Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination61.14%
Family Trust Federal Credit Union 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 | 175 | $18,525,000 | $105,857 |