Trust Mortgage Lending Rates, Fees & Info

MIAMI, FL

LEI: 254900BNG8F840A7LL14

Tax ID: 41-2142273

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Trust Mortgage Lending is a smaller mortgage company specializing in Home Purchase loans. Trust Mortgage Lending has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Miami, Tampa, Orlando, Palm Bay, and Lakeland among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Trust Mortgage Lending has an above average approval rate when compared to the average across all lenders. They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    231

    Origination Dollar Volume (All Markets)

    $55,035,000

    Top 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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 153 $39,255,000 $256,569 $0 5.44%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 27 $5,795,000 $214,630 $0 5.44%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 21 $4,485,000 $213,571 $0 5.43%
    Outside of Metro Areas 6 $1,340,000 $223,333 $0 5.27%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,110,000 $185,000 $0 5.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $750,000 $187,500 $0 5.28%
    OCALA, FL (FHA|USDA|VA) 5 $715,000 $143,000 $0 5.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $515,000 $171,667 $0 5.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $475,000 $158,333 $0 5.46%
    Key West, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.25%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.75%
    Trust Mortgage Lending's top markets include Miami, Tampa, Orlando, Palm Bay, and Lakeland among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Trust Mortgage Lending based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    McCoy Federal Credit Union
    Similarity Rank: 60
    We Florida Financial
    Similarity Rank: 312
    Natbank
    Similarity Rank: 392
    POWER FINANCIAL
    Similarity Rank: 432
    SAN ANTONIO CITIZENS
    Similarity Rank: 531
    Suncoast Credit Union
    Similarity Rank: 638
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 836
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 912
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 924
    Guardians Credit Union
    Similarity Rank: 948

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 121 $28,725,000 $237,397 $0 5.46%
    FHA 109 $25,995,000 $238,486 $0 5.38%
    VA 1 $315,000 $315,000 $0 4.88%

    For 2018, Trust Mortgage Lending's most frequently originated type of loan was Conventional, with 121 originations. Their 2nd most popular type was FHA, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 198 $47,900,000 $241,919 $0 5.40%
    Cash Out Refi 24 $4,770,000 $198,750 $0 5.58%
    Refi 9 $2,365,000 $262,778 $0 5.35%

    For 2018, Trust Mortgage Lending's most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 225 $53,825,000 $239,222 $0 5.39%
    15 Year 2 $280,000 $140,000 $0 4.69%
    20 Year 2 $500,000 $250,000 $0 4.69%
    3 Year 2 $430,000 $215,000 $0 10.50%

    For 2018, Trust Mortgage Lending's most frequently cited loan duration was 30 Year, with 225 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 157 $36,605,000 $233,153
    4-5% 57 $13,995,000 $245,526
    6-7% 8 $1,910,000 $238,750
    Over 8% 4 $990,000 $247,500
    7-8% 3 $975,000 $325,000
    3-4% 2 $560,000 $280,000

    During 2018, Trust Mortgage Lending's average interest rate for loans was 5.39%, while their most frequently originated rate bucket for loans was 5-6%, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 132 $36,350,000 $275,379 $0 5.39%
    $100k-200k 84 $13,680,000 $162,857 $0 5.45%
    $400k-600k 10 $4,560,000 $456,000 $0 5.55%
    $100,000 or less 5 $445,000 $89,000 $0 5.38%

    2018 saw Trust Mortgage Lending place emphasis on $200k-400k loans with 132 originations, totaling $36,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 93 $22,225,000 $238,978 $0 5.28%
    $50k or less 58 $9,380,000 $161,724 $0 5.35%
    $75k-100k 36 $9,730,000 $270,278 $0 5.33%
    $100k-150k 31 $9,505,000 $306,613 $0 5.56%
    $150k-250k 9 $2,975,000 $330,556 $0 5.57%
    $250k+ 4 $1,220,000 $305,000 $0 8.91%

    Trust Mortgage Lending lent most frequently to those with incomes in the $50k-75k range, with 93 originations. The second most popular income band? $50k or less, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 33 $7,875,000 $238,636 $0 5.33%
    45% 8 $1,480,000 $185,000 $0 5.77%
    30-36% 6 $1,290,000 $215,000 $0 5.54%
    47% 6 $1,670,000 $278,333 $0 5.35%
    49% 5 $1,045,000 $209,000 $0 5.05%
    46% 5 $1,425,000 $285,000 $0 5.08%
    41% 5 $905,000 $181,000 $0 5.50%
    44% 4 $990,000 $247,500 $0 5.75%
    42% 4 $820,000 $205,000 $0 5.38%
    48% 4 $920,000 $230,000 $0 5.63%
    43% 3 $745,000 $248,333 $0 4.71%
    39% 3 $625,000 $208,333 $0 4.67%
    40% 3 $595,000 $198,333 $0 5.29%
    20-30% 3 $585,000 $195,000 $0 5.17%

    Trust Mortgage Lending lent most frequently to those with DTI ratios of 50-60%, with 33 originations. The next most common DTI ratio? 45%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 211 $50,615,000 $239,882 $0 5.44%
    Black 15 $3,475,000 $231,667 $0 5.18%
    Not provided 2 $360,000 $180,000 $0 5.56%
    American Indian 1 $285,000 $285,000 $0 5.63%
    Asian 1 $155,000 $155,000 $0 5.25%
    Vietnamese 1 $145,000 $145,000 $0 5.13%

    Approval Rates

    Total approvals of all applications
    100.00%

    Trust Mortgage Lending has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 231 $55,035,000 $238,247

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $115,000 $115,000
    Single Family (1-4 Units):Site-Built 230 $54,920,000 $238,783

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 4 $540,000 $135,000 $0 5.44%
    60-80% 16 $2,680,000 $167,500 $0 5.63%
    80-100% 72 $17,750,000 $246,528 $0 5.28%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION Conventional home mortgage Struggling to pay mortgage 1 14.3%
    TRUSTMARK CORPORATION Conventional home mortgage Trouble during payment process 2 28.6%
    TRUSTMARK CORPORATION FHA mortgage Trouble during payment process 1 14.3%
    TRUSTMARK CORPORATION Other type of mortgage Struggling to pay mortgage 1 14.3%
    TRUSTMARK CORPORATION Other type of mortgage Trouble during payment process 2 28.6%