Florida Home Trust Mortgage Rates, Fees & Info
Weston, FLLEI: 254900JCTXBH1WCEWG62
Tax ID: 27-0022323
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Florida Home Trust Mortgage is a smaller mortgage company specializing in loans. Florida Home Trust Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, Lakeland, Tampa, and Jacksonville 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.60% | 3/19/23 |
| 30 Year Conventional Refi | 6.27% | 3/19/23 |
| 30 Year Cash-out Refi | 7.65% | 3/19/23 |
| 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. | ||
Originations
272Origination Dollar Volume (All Markets)
$85,590,000Relative Rate
Florida Home Trust Mortgage's average 30 year fixed mortgage rate was
4.28%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 1.13%.
Relative Fees (Closing Costs)
Florida Home Trust Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $16,274.
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) | 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% |
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.
Similarity Rank: 167
Similarity Rank: 768
Similarity Rank: 1584
Similarity Rank: 1770
Similarity Rank: 1950
Similarity Rank: 2134
Similarity Rank: 2205
Similarity Rank: 2730
Similarity Rank: 3054
Similarity Rank: 3808
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 272 | $85,590,000 | $314,669 | $16,274 | 4.28% |
For 2021, Florida Home Trust Mortgage's most frequently originated type of loan was Conventional, with 272 originations.
Loan Reason
For 2021, Florida Home Trust Mortgage's most frequently cited loan purpose was Home Purchase, with 225 originations. The 2nd most popular reason was 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 2021, Florida Home Trust Mortgage's most frequently cited loan duration was 30 Year, with 272 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 7 | $5,605,000 | $800,714 |
| $3k-4k | 1 | $225,000 | $225,000 |
Florida Home Trust Mortgage's average total fees were $16,274, 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 |
|---|---|---|---|
| 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 for loans was 4.28%, while their most frequently originated rate bucket for loans was 4-5%, with 188 originations.
Loan Sizing
2021 saw Florida Home Trust Mortgage place emphasis on $200k-400k loans with 154 originations, totaling $40,280,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.07%
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 origination82.72%
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 |
LTV Distribution
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% |