Trinity Oaks Mortgage Rates, Fees & Info

Red Oak, TX

LEI: 254900YJQZQTI7TUKN67

Tax ID: 30-0889616

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

    Trinity Oaks Mortgage is a smaller mortgage company specializing in Home Purchase loans. Trinity Oaks Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Waco, Killeen, Corsicana, and Midland among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Trinity Oaks 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. Trinity Oaks Mortgage is typically an average 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 6.81% 11/17/24
    30 Year Conventional Refi 6.59% 11/17/24
    30 Year Cash-out Refi 6.88% 11/17/24
    30 Year FHA Purchase 7.74% 11/17/24
    30 Year FHA Refi 7.58% 11/17/24
    30 Year VA Purchase 6.44% 11/17/24
    30 Year VA Refi 6.27% 11/17/24
    30 Year USDA Purchase 6.95% 11/17/24
    15 Year Conventional Purchase 6.18% 11/17/24
    15 Year Conventional Refi 6.28% 11/17/24
    15 Year Cash-out Refi 6.28% 11/17/24
    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.

    Trinity Oaks Mortgage Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Trinity Oaks 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

    546

    Origination Dollar Volume (All Markets)

    $147,120,000

    Awards

    Trinity Oaks Mortgage 30 Year Conventional Loans silver
    Show all (1) awards

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 478 $131,330,000 $274,749 $7,331 4.80%
    WACO, TX (FHA|USDA|VA) 47 $12,155,000 $258,617 $6,032 4.65%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 7 $1,055,000 $150,714 $3,619 5.16%
    Outside of Metro Areas 6 $840,000 $140,000 $4,928 5.29%
    Corsicana, TX (FHA|USDA|VA) 2 $500,000 $250,000 $7,958 5.13%
    MIDLAND, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,282 5.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,975 4.75%
    ODESSA, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,150 4.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $225,000 $225,000 $9,109 5.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,662 5.00%
    Athens, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,397 5.63%
    Trinity Oaks Mortgage's top markets include Dallas, Waco, Killeen, Corsicana, and Midland among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Trinity Oaks Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NEIGHBORHOOD
    Similarity Rank: 200
    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 386
    TEXANS
    Similarity Rank: 416
    Priority Bank
    Similarity Rank: 456
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 481
    First National Bank of Griffin
    Similarity Rank: 592
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    JSC
    Similarity Rank: 900
    A+ Federal Credit Union
    Similarity Rank: 975

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 339 $86,525,000 $255,236 $5,608 4.73%
    FHA 131 $34,465,000 $263,092 $10,206 5.06%
    VA 75 $25,965,000 $346,200 $8,648 4.67%
    USDA 1 $165,000 $165,000 $5,484 5.75%

    For 2018, Trinity Oaks Mortgage's most frequently originated type of loan was Conventional, with 339 originations. Their 2nd most popular type was FHA, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 522 $142,630,000 $273,238 $7,240 4.80%
    Cash Out Refi 16 $2,830,000 $176,875 $4,703 5.04%
    Refi 8 $1,660,000 $207,500 $4,739 4.66%

    For 2018, Trinity Oaks Mortgage's most frequently cited loan purpose was Home Purchase, with 522 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 509 $140,265,000 $275,570 $7,305 4.83%
    15 Year 21 $3,715,000 $176,905 $4,829 4.30%
    20 Year 13 $2,695,000 $207,308 $4,317 4.60%
    10 Year 3 $445,000 $148,333 $5,470 4.12%

    For 2018, Trinity Oaks Mortgage's most frequently cited loan duration was 30 Year, with 509 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 318 $81,620,000 $256,667
    $<1k 95 $28,555,000 $300,579
    $2k-3k 53 $13,955,000 $263,302
    $3k-4k 33 $8,825,000 $267,424
    $5k+ 28 $8,900,000 $317,857
    $4k-5k 19 $5,265,000 $277,105

    Trinity Oaks Mortgage's average total fees were $7,305, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 318 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 375 $103,905,000 $277,080
    5-6% 133 $32,545,000 $244,699
    3-4% 31 $9,335,000 $301,129
    6-7% 7 $1,335,000 $190,714

    During 2018, Trinity Oaks Mortgage's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 375 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 380 $109,400,000 $287,895 $7,482 4.77%
    $100k-200k 110 $17,050,000 $155,000 $5,248 5.01%
    $400k-600k 45 $19,805,000 $440,111 $9,498 4.58%
    $100,000 or less 11 $865,000 $78,636 $4,021 4.78%

    2018 saw Trinity Oaks Mortgage place emphasis on $200k-400k loans with 380 originations, totaling $109,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 194 $57,760,000 $297,732 $7,161 4.71%
    $75k-100k 128 $34,410,000 $268,828 $7,841 4.91%
    $50k-75k 99 $20,385,000 $205,909 $5,980 4.91%
    $150k-250k 84 $27,730,000 $330,119 $8,109 4.70%
    $50k or less 29 $3,795,000 $130,862 $5,552 4.96%
    $250k+ 12 $3,040,000 $253,333 $5,431 4.57%

    Trinity Oaks Mortgage lent most frequently to those with incomes in the $100k-150k range, with 194 originations. The second most popular income band? $75k-100k, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 92 $24,510,000 $266,413 $6,815 4.80%
    20-30% 73 $17,325,000 $237,329 $5,735 4.65%
    50-60% 64 $18,870,000 $294,844 $9,872 4.90%
    45% 30 $8,260,000 $275,333 $6,452 4.81%
    49% 29 $7,805,000 $269,138 $8,642 4.87%
    46% 28 $8,280,000 $295,714 $7,061 4.81%
    48% 24 $5,980,000 $249,167 $6,664 4.89%
    40% 21 $5,835,000 $277,857 $7,227 4.93%
    39% 21 $5,855,000 $278,810 $6,449 4.75%
    44% 20 $5,100,000 $255,000 $7,442 4.86%
    43% 19 $5,895,000 $310,263 $6,227 4.68%
    42% 19 $5,215,000 $274,474 $6,900 4.80%
    41% 19 $5,255,000 $276,579 $7,497 4.66%
    38% 18 $4,990,000 $277,222 $7,235 4.92%
    37% 18 $5,130,000 $285,000 $6,475 4.84%
    >60% 13 $3,555,000 $273,462 $7,542 4.85%
    36% 13 $3,635,000 $279,615 $6,755 4.99%
    47% 13 $3,395,000 $261,154 $7,059 4.76%
    <20% 12 $2,230,000 $185,833 $5,054 4.58%

    Trinity Oaks Mortgage lent most frequently to those with DTI ratios of 30-36%, with 92 originations. The next most common DTI ratio? 20-30%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 359 $94,105,000 $262,131 $6,838 4.82%
    Not provided 119 $32,705,000 $274,832 $7,635 4.78%
    Black 58 $17,600,000 $303,448 $8,085 4.76%
    Asian 9 $2,495,000 $277,222 $6,053 4.51%
    American Indian 1 $215,000 $215,000 $5,376 5.13%

    Approval Rates

    Total approvals of all applications
    96.21%

    Trinity Oaks 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
    65.02%

    Trinity Oaks 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 546 $147,120,000 $269,451

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 546 $147,120,000 $269,451

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $1,970,000 $109,444 $4,150 4.69%
    40-60% 32 $5,610,000 $175,313 $4,778 4.57%
    60-80% 128 $33,730,000 $263,516 $5,523 4.74%
    80-100% 358 $102,590,000 $286,564 $7,866 4.86%
    Over 100% 9 $3,165,000 $351,667 $15,151 4.74%
    Under 20% 1 $55,000 $55,000 $5,139 4.13%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Trinity Financial Services, LLC Conventional home mortgage Struggling to pay mortgage 3 42.9%
    Trinity Financial Services, LLC Conventional home mortgage Trouble during payment process 2 28.6%
    Trinity Financial Services, LLC Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 28.6%