Family Trust Federal Credit Union Mortgage Rates, Fees & Info
Rock Hill, SCLEI: 254900756YRTYX32I428
Tax ID: 57-0400781
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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, Columbia, Augusta, Myrtle Beach, and Cullowhee among others. We have data for 9 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
220Origination Dollar Volume (All Markets)
$26,580,000Top 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) | 208 | $24,420,000 | $117,404 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $35,000 | $35,000 | $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 | 220 | $26,580,000 | $120,818 | $0 | 0.00% |
For 2023, Family Trust Federal Credit Union's most frequently originated type of loan was Conventional, with 220 originations.
Loan Reason
For 2023, Family Trust Federal Credit Union's most frequently cited loan purpose was Other, with 83 originations. The 2nd most popular reason was Home Purchase, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 220 | $26,580,000 | $120,818 | $0 | 0.00% |
For 2023, Family Trust Federal Credit Union's most frequently cited loan duration was Other, with 220 originations.
Loan Sizing
2023 saw Family Trust Federal Credit Union place emphasis on $100,000 or less loans with 124 originations, totaling $6,660,000 in origination value.
Applicant Income
Family Trust Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 63 originations. The second most popular income band? $50k-75k, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 220 | $26,580,000 | $120,818 | $0 | 0.00% |
Family Trust Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 220 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.77%
Family Trust Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination61.36%
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 | 220 | $26,580,000 | $120,818 |