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, Cullowhee, Orangeburg, and Hickory 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 above 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
156Origination Dollar Volume (All Markets)
$25,390,000Top 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) | 143 | $22,545,000 | $157,657 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (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 | 156 | $25,390,000 | $162,756 | $0 | 0.00% |
For 2019, Family Trust Federal Credit Union's most frequently originated type of loan was Conventional, with 156 originations.
Loan Reason
For 2019, Family Trust Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 156 | $25,390,000 | $162,756 | $0 | 0.00% |
For 2019, Family Trust Federal Credit Union's most frequently cited loan duration was Other, with 156 originations.
Loan Sizing
2019 saw Family Trust Federal Credit Union place emphasis on $100k-200k loans with 79 originations, totaling $11,385,000 in origination value.
Applicant Income
Family Trust Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 50 originations. The second most popular income band? $50k-75k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 156 | $25,390,000 | $162,756 | $0 | 0.00% |
Family Trust Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 156 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.37%
Family Trust Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination83.33%
Family Trust Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 156 | $25,390,000 | $162,756 |