Trust Mortgage Lending Rates, Fees & Info

MIAMI, FL

LEI: 254900BNG8F840A7LL14

Tax ID: 41-2142273

Latest/2022 | 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, Deltona, and Cape Coral among others. We have data for 4 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. 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

    17

    Origination Dollar Volume (All Markets)

    $4,875,000

    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) 13 $3,825,000 $294,231 $9,861 3.08%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $480,000 $240,000 $12,474 3.69%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $295,000 $295,000 $13,008 3.38%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $275,000 $275,000 $14,686 3.75%
    Trust Mortgage Lending's top markets include Miami, Tampa, Deltona, 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.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    POWER FINANCIAL
    Similarity Rank: 768
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1272
    Citizens First Bank
    Similarity Rank: 1696
    We Florida Financial
    Similarity Rank: 1770
    SAN ANTONIO CITIZENS
    Similarity Rank: 1792
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1974
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 2134
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 2205
    Brannen Bank
    Similarity Rank: 2802

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9 $2,595,000 $288,333 $7,420 3.21%
    FHA 8 $2,280,000 $285,000 $14,257 3.20%

    For 2021, Trust Mortgage Lending's most frequently originated type of loan was Conventional, with 9 originations. Their 2nd most popular type was FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $3,865,000 $297,308 $11,411 3.15%
    Refi 3 $835,000 $278,333 $8,509 3.25%
    Cash Out Refi 1 $175,000 $175,000 $6,960 3.75%

    For 2021, Trust Mortgage Lending's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 16 $4,750,000 $296,875 $11,079 3.23%
    15 Year 1 $125,000 $125,000 $3,565 2.88%

    For 2021, Trust Mortgage Lending's most frequently cited loan duration was 30 Year, with 16 originations. The 2nd most popular length was 15 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 7 $2,305,000 $329,286
    $3k-4k 3 $645,000 $215,000
    $<1k 2 $230,000 $115,000
    $1k-2k 2 $800,000 $400,000
    $4k-5k 2 $590,000 $295,000
    $2k-3k 1 $305,000 $305,000

    Trust Mortgage Lending's average total fees were $11,079, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 7 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 10 $2,940,000 $294,000
    2.5-3% 6 $1,610,000 $268,333
    <2.5% 1 $325,000 $325,000

    During 2021, Trust Mortgage Lending's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 10 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 12 $3,400,000 $283,333 $12,051 3.21%
    $100k-200k 3 $405,000 $135,000 $4,625 3.21%
    $400k-600k 2 $1,070,000 $535,000 $11,177 3.19%

    2021 saw Trust Mortgage Lending place emphasis on $200k-400k loans with 12 originations, totaling $3,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 8 $2,280,000 $285,000 $12,573 3.33%
    $50k or less 3 $485,000 $161,667 $5,856 3.37%
    $75k-100k 3 $995,000 $331,667 $8,514 2.71%
    $100k-150k 2 $590,000 $295,000 $11,110 3.13%
    $150k-250k 1 $525,000 $525,000 $14,920 3.38%

    Trust Mortgage Lending lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $50k or less, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 2 $580,000 $290,000 $14,887 3.25%
    43% 2 $850,000 $425,000 $6,642 2.94%
    45% 2 $590,000 $295,000 $13,194 3.13%
    30-36% 2 $530,000 $265,000 $10,900 2.81%
    48% 1 $205,000 $205,000 $10,676 3.25%
    49% 1 $305,000 $305,000 $17,989 3.63%
    46% 1 $275,000 $275,000 $14,686 3.75%
    38% 1 $525,000 $525,000 $14,920 3.38%
    39% 1 $125,000 $125,000 $3,565 2.88%
    42% 1 $255,000 $255,000 $5,647 3.38%

    Trust Mortgage Lending lent most frequently to those with DTI ratios of 50-60%, with 2 originations. The next most common DTI ratio? 43%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 15 $4,435,000 $295,667 $10,877 3.21%
    Black 2 $440,000 $220,000 $8,840 3.19%

    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 17 $4,875,000 $286,765

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    17 $4,875,000 $286,765

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    60-80% 1 $235,000 $235,000 $10,423 3.00%
    80-100% 16 $4,640,000 $290,000 $10,651 3.22%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION Conventional home mortgage Struggling to pay mortgage 1 10.0%
    TRUSTMARK CORPORATION Conventional home mortgage Trouble during payment process 2 20.0%
    TRUSTMARK CORPORATION FHA mortgage Closing on a mortgage 1 10.0%
    TRUSTMARK CORPORATION FHA mortgage Trouble during payment process 2 20.0%
    TRUSTMARK CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 10.0%
    TRUSTMARK CORPORATION Other type of mortgage Trouble during payment process 1 10.0%
    TRUSTMARK CORPORATION VA mortgage Struggling to pay mortgage 1 10.0%
    TRUSTMARK CORPORATION VA mortgage Trouble during payment process 1 10.0%