Financial Trust Mortgage Rates, Fees & Info
Orchard Park, NYLEI: 254900L3N47KFV5KSJ32
Tax ID: 16-0845154
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Mortgage Data
Review & Overview
Financial Trust is a smaller mortgage company specializing in Home Improvement and Refi loans. Financial Trust has a high proportion of conventional loans. Their top two markets are Buffalo and Jamestown .Financial Trust has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
46Origination Dollar Volume (All Markets)
$3,110,000Top 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 |
|---|---|---|---|---|---|
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 44 | $2,950,000 | $67,045 | $0 | 0.00% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $3,110,000 | $67,609 | $0 | 0.00% |
For 2024, Financial Trust's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2024, Financial Trust's most frequently cited loan purpose was Home Improvement, with 30 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $3,110,000 | $67,609 | $0 | 0.00% |
For 2024, Financial Trust's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2024 saw Financial Trust place emphasis on $100,000 or less loans with 38 originations, totaling $1,950,000 in origination value.
Applicant Income
Financial Trust lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $3,110,000 | $67,609 | $0 | 0.00% |
Financial Trust lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.27%
Financial Trust has an average approval rate.
Pick Rate
Approvals leading to origination95.65%
Financial Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $3,110,000 | $67,609 |