Florida Home Trust Mortgage Rates, Fees & Info

Weston, FL

LEI: 254900JCTXBH1WCEWG62

Tax ID: 27-0022323

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    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, and Lakeland among others. We have data for 3 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.

    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% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    30 Year Cash-out Refi 7.25% 11/21/24
    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)

    $56,870,000

    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) 136 $48,580,000 $357,206 $11,495 4.80%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 33 $7,455,000 $225,909 $10,882 4.67%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $835,000 $278,333 $0 4.79%
    Florida Home Trust Mortgage's top markets include Miami, Orlando, and Lakeland 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.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 304
    We Florida Financial
    Similarity Rank: 638
    POWER FINANCIAL
    Similarity Rank: 870
    Florida Home Trust Mortgage, Inc.
    Similarity Rank: 2127
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2268
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 2646
    Chicago Financial Services, Inc.
    Similarity Rank: 2736
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 2976
    GET A RATE LLC
    Similarity Rank: 3094
    CROSSFIRE FINANCIAL NETWORK, INC.
    Similarity Rank: 3135

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $56,870,000 $330,640 $11,400 4.77%

    For 2020, 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 138 $44,760,000 $324,348 $12,531 4.80%
    Cash Out Refi 20 $7,180,000 $359,000 $12,629 4.67%
    Refi 14 $4,930,000 $352,143 $8,808 4.67%

    For 2020, Florida Home Trust Mortgage's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 172 $56,870,000 $330,640 $11,400 4.77%

    For 2020, 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+ 6 $3,320,000 $553,333
    $4k-5k 3 $925,000 $308,333
    $3k-4k 2 $410,000 $205,000
    $1k-2k 1 $105,000 $105,000
    $2k-3k 1 $105,000 $105,000

    Florida Home Trust Mortgage's average total fees were $11,400, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 125 $41,775,000 $334,200
    5-6% 41 $11,785,000 $287,439
    3-4% 5 $3,055,000 $611,000
    6-7% 1 $255,000 $255,000

    During 2020, 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 125 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 91 $24,705,000 $271,484 $10,726 4.79%
    $100k-200k 50 $8,060,000 $161,200 $6,917 4.75%
    $400k-600k 15 $7,295,000 $486,333 $12,044 4.97%
    $1MM+ 8 $11,860,000 $1,482,500 $20,674 4.48%
    $600k-1MM 7 $4,855,000 $693,571 $23,463 4.54%
    $100,000 or less 1 $95,000 $95,000 $0 4.88%

    2020 saw Florida Home Trust Mortgage place emphasis on $200k-400k loans with 91 originations, totaling $24,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 57 $13,785,000 $241,842 $10,160 4.81%
    $250k+ 57 $29,295,000 $513,947 $18,727 4.83%
    $150k-250k 34 $9,140,000 $268,824 $8,379 4.69%
    $75k-100k 18 $3,670,000 $203,889 $7,153 4.61%
    $50k-75k 5 $785,000 $157,000 $0 4.78%
    $50k or less 1 $195,000 $195,000 $0 4.75%

    Florida Home Trust Mortgage lent most frequently to those with incomes in the $100k-150k range, with 57 originations. The second most popular income band? $250k+, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 43 $13,875,000 $322,674 $11,304 4.82%
    30-36% 38 $12,690,000 $333,947 $8,169 4.73%
    <20% 33 $11,015,000 $333,788 $8,327 4.69%
    37% 15 $3,815,000 $254,333 $0 4.87%
    41% 14 $4,080,000 $291,429 $9,723 4.74%
    36% 9 $2,805,000 $311,667 $0 4.83%
    40% 9 $4,615,000 $512,778 $20,674 4.83%
    39% 8 $2,150,000 $268,750 $0 5.03%
    38% 3 $1,825,000 $608,333 $17,362 4.17%

    Florida Home Trust Mortgage lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? 30-36%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 159 $53,375,000 $335,692 $11,648 4.78%
    Asian 12 $3,140,000 $261,667 $0 4.67%
    Black 1 $355,000 $355,000 $8,431 4.38%

    Approval Rates

    Total approvals of all applications
    96.96%

    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
    70.35%

    Florida Home Trust Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 172 $56,870,000 $330,640

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 172 $56,870,000 $330,640

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $2,725,000 $389,286 $6,447 4.34%
    40-60% 89 $28,595,000 $321,292 $13,141 4.79%
    60-80% 75 $24,885,000 $331,800 $11,867 4.79%
    80-100% 1 $665,000 $665,000 $0 4.88%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FLORIDA HOME TRUST MORTGAGE Conventional home mortgage Trouble during payment process 1 100.0%