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 Home Purchase and Cash Out Refi loans. Family Trust Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Columbia, Spartanburg, Myrtle Beach, and Georgetown among others. We have data for 10 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)
$38,320,000Top 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) | 207 | $36,335,000 | $175,531 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Union, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $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 | $38,320,000 | $174,182 | $0 | 0.00% |
For 2018, Family Trust Federal Credit Union's most frequently originated type of loan was Conventional, with 220 originations.
Loan Reason
For 2018, Family Trust Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 59 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 220 | $38,320,000 | $174,182 | $0 | 0.00% |
For 2018, Family Trust Federal Credit Union's most frequently cited loan duration was Other, with 220 originations.
Loan Sizing
2018 saw Family Trust Federal Credit Union place emphasis on $100k-200k loans with 107 originations, totaling $15,355,000 in origination value.
Applicant Income
Family Trust Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 62 originations. The second most popular income band? $50k-75k, with 61 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 220 | $38,320,000 | $174,182 | $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 applications89.01%
Family Trust Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.73%
Family Trust Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 220 | $38,320,000 | $174,182 |