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, Cash Out Refi, and Refi loans. Family Trust Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Charlotte, Columbia, Myrtle Beach, Greenville, and Shelby 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. Family Trust Federal Credit Union is typically a low 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.
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Originations
215Origination Dollar Volume (All Markets)
$42,895,000Top 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) | 201 | $40,275,000 | $200,373 | $3,512 | 3.52% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,378 | 3.21% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,535 | 3.17% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,202 | 3.54% |
| Shelby, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,345 | 3.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,582 | 2.75% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,808 | 3.25% |
| Outside of Metro Areas | 1 | $165,000 | $165,000 | $2,763 | 3.25% |
| Brevard, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,685 | 3.25% |
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 | 214 | $42,790,000 | $199,953 | $3,511 | 3.50% |
| USDA | 1 | $105,000 | $105,000 | $4,010 | 3.75% |
For 2020, Family Trust Federal Credit Union's most frequently originated type of loan was Conventional, with 214 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2020, Family Trust Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.
Loan Duration/Length
For 2020, Family Trust Federal Credit Union's most frequently cited loan duration was 30 Year, with 130 originations. The 2nd most popular length was 15 Year, with 50 originations.
Origination Fees/Closing Costs
Family Trust Federal Credit Union's average total fees were $3,345, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 86 originations.
Interest Rates
During 2020, Family Trust Federal Credit Union's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 3-4%, with 134 originations.
Loan Sizing
2020 saw Family Trust Federal Credit Union place emphasis on $100k-200k loans with 88 originations, totaling $12,800,000 in origination value.
Applicant Income
Family Trust Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 56 originations. The second most popular income band? $100k-150k, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.74%
Family Trust Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination83.26%
Family Trust Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 215 | $42,895,000 | $199,512 |