Florida Home Trust Mortgage Rates, Fees & Info
Weston, FLLEI: 254900JCTXBH1WCEWG62
Tax ID: 27-0022323
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Mortgage Data
Review & Overview
Florida Home Trust Mortgage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Florida Home Trust Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, Lakeland, Austin, and Tampa among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Florida Home Trust Mortgage 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. Florida Home Trust Mortgage 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.09% | 9/18/23 |
| 30 Year Conventional Refi | 6.27% | 9/18/23 |
| 30 Year Cash-out Refi | 7.25% | 9/18/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Florida Home Trust Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
303Origination Dollar Volume (All Markets)
$100,685,000Relative Rate
Florida Home Trust Mortgage's average 30 year fixed mortgage rate was
4.77%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.01%.
Relative Fees (Closing Costs)
Florida Home Trust Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $17,583.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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) | 242 | $85,850,000 | $354,752 | $17,583 | 4.80% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 52 | $12,770,000 | $245,577 | $0 | 4.70% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 4.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 4.31% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 4.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 5.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against Florida Home Trust Mortgage 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 | 303 | $100,685,000 | $332,294 | $17,583 | 4.77% |
For 2022, Florida Home Trust Mortgage's most frequently originated type of loan was Conventional, with 303 originations.
Loan Reason
For 2022, Florida Home Trust Mortgage's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Cash Out Refi, with 69 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 303 | $100,685,000 | $332,294 | $17,583 | 4.77% |
For 2022, Florida Home Trust Mortgage's most frequently cited loan duration was 30 Year, with 303 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 9 | $5,795,000 | $643,889 |
| $3k-4k | 1 | $185,000 | $185,000 |
Florida Home Trust Mortgage's average total fees were $17,583, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 9 originations.
Interest Rates
During 2022, Florida Home Trust Mortgage's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 173 originations.
Loan Sizing
2022 saw Florida Home Trust Mortgage place emphasis on $200k-400k loans with 173 originations, totaling $48,115,000 in origination value.
Applicant Income
Florida Home Trust Mortgage lent most frequently to those with incomes in the $100k-150k range, with 86 originations. The second most popular income band? $150k-250k, with 83 originations.
Applicant Debt to Income Ratio
Florida Home Trust Mortgage lent most frequently to those with DTI ratios of 20-30%, with 116 originations. The next most common DTI ratio? 30-36%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.91%
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 origination68.32%
Florida Home Trust Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 303 | $100,685,000 | $332,294 |