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, Lakeland, and Cape Coral among others. We have data for 11 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 have an above average pick rate when compared to similar lenders. Trust Mortgage Lending is typically a high 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.

    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.

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    Originations

    286

    Origination Dollar Volume (All Markets)

    $71,560,000

    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) 215 $57,735,000 $268,535 $9,203 4.83%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 29 $5,295,000 $182,586 $9,503 4.94%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 19 $4,105,000 $216,053 $8,257 4.76%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,335,000 $190,714 $8,437 5.59%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,055,000 $211,000 $9,278 4.88%
    OCALA, FL (FHA|USDA|VA) 4 $560,000 $140,000 $6,550 5.03%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $505,000 $168,333 $8,595 4.04%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $275,000 $275,000 $13,963 5.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $265,000 $265,000 $9,795 5.75%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $235,000 $235,000 $13,152 5.75%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,106 5.50%
    Trust Mortgage Lending's top markets include Miami, Tampa, Orlando, Lakeland, and Cape Coral 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.

    POWER FINANCIAL
    Similarity Rank: 188
    McCoy Federal Credit Union
    Similarity Rank: 342
    We Florida Financial
    Similarity Rank: 572
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    ADDITION FINANCIAL
    Similarity Rank: 910
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 940
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1056
    Citizens First Bank
    Similarity Rank: 1072
    SAN ANTONIO CITIZENS
    Similarity Rank: 1105
    BANKING MORTGAGE SERVICES, B.M.S. CORP.
    Similarity Rank: 1230

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $42,540,000 $256,265 $7,601 4.98%
    FHA 118 $28,660,000 $242,881 $11,277 4.70%
    VA 2 $360,000 $180,000 $3,660 4.06%

    For 2019, Trust Mortgage Lending's most frequently originated type of loan was Conventional, with 166 originations. Their 2nd most popular type was FHA, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 213 $55,735,000 $261,667 $9,705 5.01%
    Cash Out Refi 40 $8,790,000 $219,750 $7,623 4.75%
    Refi 33 $7,035,000 $213,182 $7,288 4.02%

    For 2019, Trust Mortgage Lending's most frequently cited loan purpose was Home Purchase, with 213 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 274 $69,210,000 $252,591 $9,238 4.92%
    15 Year 8 $1,590,000 $198,750 $7,464 3.48%
    20 Year 4 $760,000 $190,000 $5,399 3.72%

    For 2019, Trust Mortgage Lending's most frequently cited loan duration was 30 Year, with 274 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 63 $16,195,000 $257,063
    $5k+ 58 $19,590,000 $337,759
    $3k-4k 57 $12,915,000 $226,579
    $4k-5k 54 $12,080,000 $223,704
    $2k-3k 33 $6,425,000 $194,697
    $<1k 11 $2,355,000 $214,091

    Trust Mortgage Lending's average total fees were $9,238, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 63 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 103 $26,375,000 $256,068
    5-6% 101 $24,425,000 $241,832
    3-4% 60 $14,550,000 $242,500
    6-7% 13 $2,975,000 $228,846
    Over 8% 4 $1,560,000 $390,000
    7-8% 3 $1,345,000 $448,333
    2.5-3% 2 $330,000 $165,000

    During 2019, Trust Mortgage Lending's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 4-5%, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 172 $47,570,000 $276,570 $10,137 4.83%
    $100k-200k 84 $13,240,000 $157,619 $7,024 4.73%
    $400k-600k 16 $7,080,000 $442,500 $8,927 5.23%
    $100,000 or less 11 $945,000 $85,909 $4,493 5.19%
    $600k-1MM 2 $1,650,000 $825,000 $28,400 8.43%
    $1MM+ 1 $1,075,000 $1,075,000 $23,213 4.25%

    2019 saw Trust Mortgage Lending place emphasis on $200k-400k loans with 172 originations, totaling $47,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 95 $22,725,000 $239,211 $9,484 4.80%
    $50k or less 80 $14,310,000 $178,875 $7,779 4.77%
    $75k-100k 53 $15,685,000 $295,943 $9,418 4.84%
    $100k-150k 36 $9,920,000 $275,556 $8,795 4.78%
    $150k-250k 12 $4,220,000 $351,667 $9,590 5.07%
    $250k+ 10 $4,700,000 $470,000 $16,177 6.29%

    Trust Mortgage Lending lent most frequently to those with incomes in the $50k-75k range, with 95 originations. The second most popular income band? $50k or less, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 17 $3,825,000 $225,000 $10,342 5.12%
    46% 6 $1,250,000 $208,333 $9,217 5.46%
    45% 4 $1,340,000 $335,000 $9,030 5.13%
    30-36% 4 $880,000 $220,000 $6,759 5.19%
    47% 4 $1,130,000 $282,500 $11,370 5.22%
    49% 3 $395,000 $131,667 $7,838 5.42%
    36% 3 $755,000 $251,667 $6,695 5.46%
    39% 3 $695,000 $231,667 $9,356 4.96%
    44% 2 $600,000 $300,000 $7,459 5.06%
    41% 2 $440,000 $220,000 $6,817 5.81%
    20-30% 1 $105,000 $105,000 $4,757 5.75%
    48% 1 $215,000 $215,000 $5,513 4.88%
    40% 1 $205,000 $205,000 $8,704 4.88%
    37% 1 $75,000 $75,000 $3,927 5.63%

    Trust Mortgage Lending lent most frequently to those with DTI ratios of 50-60%, with 17 originations. The next most common DTI ratio? 46%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 260 $66,030,000 $253,962 $9,093 4.86%
    Black 21 $4,605,000 $219,286 $9,613 4.79%
    Asian 2 $350,000 $175,000 $8,212 4.81%
    American Indian 2 $340,000 $170,000 $7,655 5.38%
    Not provided 1 $235,000 $235,000 $13,152 5.75%

    Approval Rates

    Total approvals of all applications
    99.31%

    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
    99.65%

    Trust Mortgage Lending has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 286 $71,560,000 $250,210

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 286 $71,560,000 $250,210

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $230,000 $115,000 $6,696 5.25%
    40-60% 1 $95,000 $95,000 $4,709 4.63%
    60-80% 8 $1,690,000 $211,250 $7,361 5.14%
    80-100% 41 $9,895,000 $241,341 $9,430 5.27%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION Conventional home mortgage Trouble during payment process 5 45.5%
    TRUSTMARK CORPORATION FHA mortgage Struggling to pay mortgage 1 9.1%
    TRUSTMARK CORPORATION FHA mortgage Trouble during payment process 1 9.1%
    TRUSTMARK CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 9.1%
    TRUSTMARK CORPORATION Other type of mortgage Closing on a mortgage 1 9.1%
    TRUSTMARK CORPORATION Other type of mortgage Trouble during payment process 2 18.2%