Florida Home Trust Mortgage Rates, Fees & Info
Weston, FLLEI: 254900JCTXBH1WCEWG62
Tax ID: 27-0022323
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Florida Home Trust Mortgage is a smaller mortgage company specializing in Home Purchase loans. Florida Home Trust Mortgage has a high proportion of conventional loans. Their top markets include Miami, Orlando, Lakeland, Tampa, and Jacksonville among others. Florida Home Trust Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Florida Home Trust Mortgage is typically a high fee lendor.Originations
272Origination Dollar Volume (All Markets)
$85,590,000Relative Rate
Florida Home Trust Mortgage 's average 30 year fixed rate mortgage of loans were
4.28%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 1.13%.
Relative Fees
Florida Home Trust Mortgage 's average total fees for a 30 year fixed rate
mortgage are $16,274.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 193 | $64,955,000 | $336,554 | $16,629 | 4.29% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 73 | $19,665,000 | $269,384 | $13,786 | 4.26% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 3.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.13% |
Florida Home Trust Mortgage 's top markets include Miami, Orlando, Lakeland, Tampa, and Jacksonville among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 272 | $85,590,000 | $314,669 | $16,274 | 4.28% |
For the 2021 period, Florida Home Trust Mortgage 's most frequently originated loan type of loans were Conventional, with 272 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 225 | $67,645,000 | $300,644 | $17,343 | 4.28% |
| Cash Out Refi | 32 | $10,550,000 | $329,688 | $13,064 | 4.35% |
| Refi | 15 | $7,395,000 | $493,000 | $0 | 4.13% |
For the 2021, Florida Home Trust Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 225 originations. The 2nd most popular reason of loans were Cash Out Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 272 | $85,590,000 | $314,669 | $16,274 | 4.28% |
For the 2021, Florida Home Trust Mortgage 's most frequently cited loan length of loans were 30 Year, with 272 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 7 | $5,605,000 | $800,714 |
| $3k-4k | 1 | $225,000 | $225,000 |
$16,274 of loans were Florida Home Trust Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 188 | $57,740,000 | $307,128 |
| 3-4% | 80 | $26,370,000 | $329,625 |
| 5-6% | 2 | $650,000 | $325,000 |
| 6-7% | 2 | $830,000 | $415,000 |
During 2021, Florida Home Trust Mortgage 's average interest rate of loans were 4.28%, while their most frequently originated rate bucket of loans were 4-5%, with 188 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 154 | $40,280,000 | $261,558 | $10,405 | 4.27% |
| $100k-200k | 57 | $9,055,000 | $158,860 | $0 | 4.33% |
| $400k-600k | 23 | $10,895,000 | $473,696 | $14,849 | 4.29% |
| $600k-1MM | 17 | $13,705,000 | $806,176 | $16,897 | 4.36% |
| $100,000 or less | 13 | $935,000 | $71,923 | $0 | 4.15% |
| $1MM+ | 8 | $10,720,000 | $1,340,000 | $22,943 | 4.08% |
2021 saw Florida Home Trust Mortgage place emphasis on $200k-400k loans with 154 originations, totaling $40,280,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 86 | $42,370,000 | $492,674 | $18,230 | 4.21% |
| $100k-150k | 70 | $16,590,000 | $237,000 | $10,405 | 4.32% |
| $150k-250k | 63 | $17,525,000 | $278,175 | $0 | 4.31% |
| $75k-100k | 31 | $6,245,000 | $201,452 | $0 | 4.35% |
| $50k-75k | 15 | $2,325,000 | $155,000 | $0 | 4.36% |
| $50k or less | 7 | $535,000 | $76,429 | $0 | 3.95% |
Florida Home Trust Mortgage lent most frequently to those with incomes in the $250k+ range, with 86 originations. The second most popular income band? $100k-150k, with 70 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 80 | $24,480,000 | $306,000 | $16,037 | 4.25% |
| 20-30% | 74 | $22,810,000 | $308,243 | $13,064 | 4.24% |
| 30-36% | 65 | $20,215,000 | $311,000 | $14,681 | 4.35% |
| 38% | 12 | $4,160,000 | $346,667 | $0 | 4.39% |
| 37% | 11 | $2,095,000 | $190,455 | $0 | 4.33% |
| 41% | 10 | $5,560,000 | $556,000 | $19,554 | 4.13% |
| 36% | 9 | $2,675,000 | $297,222 | $0 | 4.43% |
| 39% | 6 | $2,240,000 | $373,333 | $0 | 4.13% |
| 40% | 5 | $1,355,000 | $271,000 | $0 | 4.35% |
Florida Home Trust Mortgage lent most frequently to those with DTI ratios of <20%, with 80 originations. The next most common DTI ratio? 20-30%, with 74 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 257 | $81,495,000 | $317,101 | $16,274 | 4.28% |
| Asian | 12 | $3,370,000 | $280,833 | $0 | 4.10% |
| Black | 2 | $470,000 | $235,000 | $0 | 4.63% |
| Chinese | 1 | $255,000 | $255,000 | $0 | 4.63% |
Approval Rates
Total approvals of all applications97.97%
Florida Home Trust Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.79%
Florida Home Trust Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 272 | $85,590,000 | $314,669 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 272 | $85,590,000 | $314,669 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 8 | $1,850,000 | $231,250 | $0 | 4.33% |
| 40-60% | 97 | $28,455,000 | $293,351 | $13,064 | 4.32% |
| 60-80% | 167 | $55,285,000 | $331,048 | $17,343 | 4.25% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Florida Pro Mortgage LLC | Other type of mortgage | Closing on a mortgage | 1 | 100.0% |
