Florida Home Trust Mortgage Rates, Fees & Info

Weston, FL

LEI: 254900JCTXBH1WCEWG62

Tax ID: 27-0022323

Latest/2022 | 2021 Data | 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 Home Purchase loans. Florida Home Trust Mortgage has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, Naples, Tampa, and Cape Coral among others. We have data for 6 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.09% 3/24/24
30 Year Conventional Refi 6.27% 3/24/24
30 Year Cash-out Refi 7.25% 3/24/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Florida Home Trust Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

172

Origination Dollar Volume (All Markets)

$50,580,000

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) 164 $49,310,000 $300,671 $10,935 5.22%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $515,000 $171,667 $8,606 5.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $190,000 $95,000 $4,227 5.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.50%
Florida Home Trust Mortgage's top markets include Miami, Orlando, Naples, Tampa, 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 Florida Home Trust Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    POWER FINANCIAL
    Similarity Rank: 188
    We Florida Financial
    Similarity Rank: 572
    TrustCo Bank
    Similarity Rank: 754
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 940
    CROSSFIRE FINANCIAL NETWORK, INC.
    Similarity Rank: 1440
    Malvern Bank N.A.
    Similarity Rank: 1548
    Suncoast Credit Union
    Similarity Rank: 1794
    SPACE COAST Credit Union
    Similarity Rank: 1848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $50,580,000 $294,070 $10,686 5.22%

    For 2019, Florida Home Trust Mortgage's most frequently originated type of loan was Conventional, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 150 $45,310,000 $302,067 $11,065 5.19%
    Cash Out Refi 17 $4,055,000 $238,529 $8,452 5.54%
    Refi 4 $1,130,000 $282,500 $11,148 5.28%
    Home Improvement 1 $85,000 $85,000 $0 5.00%

    For 2019, Florida Home Trust Mortgage's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 172 $50,580,000 $294,070 $10,686 5.22%

    For 2019, Florida Home Trust Mortgage's most frequently cited loan duration was 30 Year, with 172 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 129 $42,905,000 $332,597
    $4k-5k 18 $3,660,000 $203,333
    $3k-4k 10 $1,900,000 $190,000
    $1k-2k 7 $935,000 $133,571
    $2k-3k 5 $845,000 $169,000

    Florida Home Trust Mortgage's average total fees were $10,686, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 129 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 84 $22,420,000 $266,905
    4-5% 74 $25,390,000 $343,108
    6-7% 14 $2,770,000 $197,857

    During 2019, Florida Home Trust Mortgage's average interest rate for loans was 5.22%, while their most frequently originated rate bucket for loans was 5-6%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 84 $23,850,000 $283,929 $11,073 5.15%
    $100k-200k 52 $8,310,000 $159,808 $8,743 5.36%
    $400k-600k 18 $8,610,000 $478,333 $17,626 5.16%
    $100,000 or less 8 $680,000 $85,000 $5,007 5.80%
    $600k-1MM 8 $5,950,000 $743,750 $17,535 4.72%
    $1MM+ 2 $3,180,000 $1,590,000 $26,390 4.88%

    2019 saw Florida Home Trust Mortgage place emphasis on $200k-400k loans with 84 originations, totaling $23,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $11,925,000 $216,818 $10,795 5.33%
    $250k+ 54 $24,660,000 $456,667 $13,285 5.05%
    $150k-250k 34 $9,430,000 $277,353 $10,615 5.13%
    $75k-100k 20 $3,460,000 $173,000 $7,766 5.43%
    $50k-75k 7 $955,000 $136,429 $5,005 5.43%
    $50k or less 2 $150,000 $75,000 $6,706 5.63%

    Florida Home Trust Mortgage lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $250k+, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 56 $13,390,000 $239,107 $9,713 5.21%
    30-36% 39 $11,845,000 $303,718 $10,909 5.26%
    <20% 33 $12,515,000 $379,242 $10,849 5.08%
    38% 14 $4,220,000 $301,429 $11,168 5.11%
    37% 10 $2,930,000 $293,000 $11,483 5.60%
    40% 8 $2,520,000 $315,000 $11,500 5.00%
    41% 6 $1,800,000 $300,000 $12,275 5.75%
    39% 4 $840,000 $210,000 $10,606 5.38%
    36% 1 $215,000 $215,000 $0 4.88%
    44% 1 $305,000 $305,000 $0 4.88%

    Florida Home Trust Mortgage lent most frequently to those with DTI ratios of 20-30%, with 56 originations. The next most common DTI ratio? 30-36%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 166 $48,990,000 $295,120 $10,643 5.21%
    Asian 5 $1,455,000 $291,000 $13,312 5.53%
    Black 1 $135,000 $135,000 $6,142 5.13%

    Approval Rates

    Total approvals of all applications
    98.28%

    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 origination
    68.02%

    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
    11126.0 1 $145,000 $145,000
    11672.0 1 $175,000 $175,000
    12595.51 1 $175,000 $175,000
    13199.29 1 $125,000 $125,000
    13602.0 1 $215,000 $215,000
    13618.73 1 $185,000 $185,000
    14237.75 1 $175,000 $175,000
    14501.0 1 $185,000 $185,000
    14990.93 1 $145,000 $145,000
    15026.0 1 $225,000 $225,000
    15296.0 1 $415,000 $415,000
    15626.0 1 $195,000 $195,000
    15672.0 1 $185,000 $185,000
    16298.23 1 $145,000 $145,000
    16599.76 1 $155,000 $155,000
    17124.0 1 $295,000 $295,000
    17303.8 1 $155,000 $155,000
    17333.0 1 $265,000 $265,000
    17407.83 1 $175,000 $175,000
    18220.7 1 $185,000 $185,000
    18250.82 1 $195,000 $195,000
    18572.02 1 $175,000 $175,000
    18660.95 1 $185,000 $185,000
    19101.61 1 $215,000 $215,000
    19141.0 1 $405,000 $405,000
    19332.25 1 $305,000 $305,000
    19406.0 1 $205,000 $205,000
    19427.8 1 $275,000 $275,000
    19570.83 1 $275,000 $275,000
    19731.0 1 $295,000 $295,000
    19761.6 1 $205,000 $205,000
    19893.5 1 $245,000 $245,000
    19924.12 1 $205,000 $205,000
    20127.88 1 $225,000 $225,000
    20699.24 1 $215,000 $215,000
    21016.0 1 $215,000 $215,000
    21074.25 1 $305,000 $305,000
    21158.88 1 $225,000 $225,000
    21298.5 1 $275,000 $275,000
    21621.66 1 $205,000 $205,000
    21629.75 1 $265,000 $265,000
    21725.0 1 $275,000 $275,000
    21858.13 1 $205,000 $205,000
    22082.76 1 $185,000 $185,000
    22209.5 1 $375,000 $375,000
    23075.7 1 $215,000 $215,000
    23551.0 1 $355,000 $355,000
    24332.0 1 $285,000 $285,000
    24656.06 1 $365,000 $365,000
    26808.29 1 $195,000 $195,000
    27017.5 1 $355,000 $355,000
    27342.46 1 $265,000 $265,000
    27694.7 1 $295,000 $295,000
    28018.5 1 $375,000 $375,000
    28029.27 1 $305,000 $305,000
    28363.5 1 $355,000 $355,000
    30648.76 1 $395,000 $395,000
    31016.0 1 $455,000 $455,000
    31204.28 1 $365,000 $365,000
    31251.0 1 $335,000 $335,000
    31671.0 1 $595,000 $595,000
    32677.88 1 $435,000 $435,000
    32710.29 1 $615,000 $615,000
    32772.65 1 $325,000 $325,000
    32916.48 1 $335,000 $335,000
    33432.49 1 $435,000 $435,000
    33733.02 1 $345,000 $345,000
    35995.67 1 $325,000 $325,000
    37378.62 1 $425,000 $425,000
    37647.62 1 $535,000 $535,000
    39856.53 1 $385,000 $385,000
    39901.0 1 $535,000 $535,000
    42145.25 1 $545,000 $545,000
    42804.89 1 $415,000 $415,000
    44545.11 1 $505,000 $505,000
    49475.0 1 $945,000 $945,000
    5225.03 1 $385,000 $385,000
    54276.0 1 $875,000 $875,000
    54355.51 1 $625,000 $625,000
    60388.5 1 $745,000 $745,000
    63496.0 1 $845,000 $845,000
    6755.7 1 $125,000 $125,000
    7085.6 1 $85,000 $85,000
    9481.7 1 $385,000 $385,000
    9623.0 1 $135,000 $135,000
    9997.5 1 $105,000 $105,000
    NA 86 $23,580,000 $274,186

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 172 $50,580,000 $294,070

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,865,000 $207,222 $8,645 5.11%
    40-60% 87 $25,815,000 $296,724 $10,044 5.27%
    60-80% 76 $22,900,000 $301,316 $11,715 5.18%