Seatrust Mortgage Company Rates, Fees & Info

Greensboro, NC

LEI: 54930059GZZ7G4G40O53

Tax ID: 84-2327160

5 stars - out of 5 stars, based on 30 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Seatrust Mortgage Company is a smaller mortgage company specializing in Home Purchase and Refi loans. Seatrust Mortgage Company has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Charlotte, Wilmington, Jacksonville, Nashville, and Jacksonville among others. We have data for 85 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Seatrust Mortgage Company 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. Seatrust Mortgage Company 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 6.72% 10/3/22
    30 Year Conventional Refi 6.48% 10/3/22
    30 Year Cash-out Refi 6.64% 10/3/22
    30 Year FHA Purchase 7.28% 10/3/22
    30 Year FHA Refi 6.29% 10/3/22
    30 Year VA Purchase 6.38% 10/3/22
    30 Year VA Refi 6.06% 10/3/22
    30 Year USDA Purchase 6.88% 10/3/22
    30 Year USDA Refi 6.67% 10/3/22
    15 Year Conventional Purchase 6.32% 10/3/22
    15 Year Conventional Refi 6.29% 10/3/22
    15 Year Cash-out Refi 6.29% 10/3/22
    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

    902

    Origination Dollar Volume (All Markets)

    $252,570,000

    Awards

    SeaTrust Mortgage Company 30 Year Conventional Loans silver SeaTrust Mortgage Company 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Seatrust Mortgage Company's average 30 year fixed mortgage rate was 3.07%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.08%.

    Relative Fees (Closing Costs)

    Seatrust Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,784.

    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
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 227 $67,985,000 $299,493 $4,699 3.02%
    WILMINGTON, NC (FHA|USDA|VA) 86 $24,000,000 $279,070 $4,966 3.00%
    JACKSONVILLE, NC (FHA|USDA|VA) 101 $21,585,000 $213,713 $5,219 3.07%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 59 $15,995,000 $271,102 $4,760 3.05%
    JACKSONVILLE, FL (FHA|USDA|VA) 50 $15,400,000 $308,000 $4,760 3.05%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 37 $11,555,000 $312,297 $4,193 3.03%
    RALEIGH-CARY, NC (FHA|USDA|VA) 19 $6,715,000 $353,421 $3,817 2.96%
    Seneca, SC (FHA|USDA|VA) 30 $5,790,000 $193,000 $3,597 2.84%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 11 $5,645,000 $513,182 $6,451 3.05%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 27 $5,575,000 $206,481 $3,614 2.98%
    WINSTON-SALEM, NC (FHA|USDA|VA) 27 $5,495,000 $203,519 $3,824 2.99%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 11 $5,065,000 $460,455 $4,769 2.74%
    Outside of Metro Areas 19 $4,445,000 $233,947 $4,128 3.09%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 14 $4,400,000 $314,286 $5,714 2.96%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $3,255,000 $250,385 $4,540 3.19%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $3,025,000 $336,111 $4,430 3.28%
    ASHEVILLE, NC (FHA|USDA|VA) 11 $2,905,000 $264,091 $5,761 3.07%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 7 $2,855,000 $407,857 $5,869 3.07%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 13 $2,735,000 $210,385 $3,509 3.11%
    Albemarle, NC (FHA|USDA|VA) 9 $2,605,000 $289,444 $5,655 2.86%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $2,485,000 $355,000 $4,977 2.99%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $1,805,000 $257,857 $3,820 3.02%
    COLUMBIA, SC (FHA|USDA|VA) 6 $1,550,000 $258,333 $4,997 3.12%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,460,000 $365,000 $6,117 2.87%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,445,000 $481,667 $3,160 2.54%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,330,000 $332,500 $4,469 3.06%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,315,000 $438,333 $8,232 2.71%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $1,150,000 $287,500 $3,559 3.06%
    Morehead City, NC (FHA|USDA|VA) 4 $1,120,000 $280,000 $4,406 3.03%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $970,000 $485,000 $6,450 2.81%
    NEW BERN, NC (FHA|USDA|VA) 4 $950,000 $237,500 $6,842 2.84%
    COLUMBUS, OH (FHA|USDA|VA) 2 $930,000 $465,000 $4,769 2.69%
    Cullowhee, NC (FHA|USDA|VA) 2 $920,000 $460,000 $5,455 3.06%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $815,000 $271,667 $4,587 3.38%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $800,000 $400,000 $4,240 3.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $720,000 $360,000 $4,305 2.99%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $700,000 $350,000 $3,553 3.06%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $700,000 $350,000 $4,380 2.75%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $665,000 $221,667 $3,573 2.96%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $660,000 $330,000 $6,335 3.25%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $645,000 $215,000 $3,631 2.92%
    Cookeville, TN (FHA|USDA|VA) 1 $605,000 $605,000 $2,975 2.99%
    Forest City, NC (FHA|USDA|VA) 2 $500,000 $250,000 $5,281 3.18%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $490,000 $245,000 $5,208 2.69%
    WINCHESTER, VA-WV (FHA|USDA|VA) 3 $475,000 $158,333 $3,323 3.58%
    St. Marys, GA (FHA|USDA|VA) 2 $470,000 $235,000 $5,115 2.81%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $465,000 $465,000 $3,140 3.13%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $455,000 $455,000 $5,822 3.13%
    Shelbyville, TN (FHA|USDA|VA) 1 $385,000 $385,000 $4,911 3.13%
    Washington, NC (FHA|USDA|VA) 1 $385,000 $385,000 $6,300 3.25%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $355,000 $355,000 $3,821 3.38%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $345,000 $345,000 $3,856 3.13%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $345,000 $345,000 $4,650 2.88%
    SUMTER, SC (FHA|USDA|VA) 1 $345,000 $345,000 $2,874 2.99%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $335,000 $335,000 $4,191 2.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $325,000 $325,000 $3,786 3.25%
    Torrington, CT (FHA|USDA|VA) 1 $325,000 $325,000 $6,395 2.50%
    Mount Pleasant, MI (FHA|USDA|VA) 1 $315,000 $315,000 $2,856 2.88%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $295,000 $295,000 $5,758 4.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $290,000 $145,000 $3,722 3.25%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $285,000 $285,000 $3,265 3.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,552 3.49%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $265,000 $265,000 $0 3.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,286 3.12%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,831 2.63%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $245,000 $245,000 $3,849 3.49%
    FLORENCE, SC (FHA|USDA|VA) 1 $235,000 $235,000 $3,742 2.63%
    CLEVELAND, TN (FHA|USDA|VA) 1 $235,000 $235,000 $7,312 3.00%
    JOHNSON CITY, TN (FHA|USDA|VA) 2 $230,000 $115,000 $3,316 2.94%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $215,000 $215,000 $5,319 4.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $215,000 $215,000 $3,691 2.63%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,454 2.50%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $195,000 $195,000 $3,482 2.25%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,688 2.99%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $8,022 2.75%
    Crossville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $2,104 2.99%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,124 3.50%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $155,000 $155,000 $3,080 3.13%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,755 3.38%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,532 2.88%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,798 3.63%
    BURLINGTON, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,190 2.50%
    DOTHAN, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,144 3.13%
    GREENVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,186 2.38%
    Toccoa, GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,981 2.25%

    Seatrust Mortgage Company's top markets include Charlotte, Wilmington, Jacksonville, Nashville, and Jacksonville among others.

    Similar Lenders

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

    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 323
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    First Vision Bank of Tennessee
    Similarity Rank: 657
    Community First Bank, Inc.
    Similarity Rank: 672
    US COMMUNITY
    Similarity Rank: 686
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 952
    Piedmont Federal Savings Bank
    Similarity Rank: 975
    Southeast Financial Credit Union
    Similarity Rank: 990
    CAROLINA TRUST FEDERAL CREDIT UNION
    Similarity Rank: 1225

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 738 $206,540,000 $279,864 $4,182 3.06%
    VA 110 $33,620,000 $305,636 $6,849 2.78%
    USDA 36 $7,000,000 $194,444 $5,489 2.96%
    FHA 18 $5,410,000 $300,556 $9,517 2.91%

    For 2021, Seatrust Mortgage Company's most frequently originated type of loan was Conventional, with 738 originations. Their 2nd most popular type was VA, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 524 $150,760,000 $287,710 $5,226 3.09%
    Refi 219 $58,365,000 $266,507 $3,546 2.83%
    Cash Out Refi 159 $43,445,000 $273,239 $4,360 3.08%

    For 2021, Seatrust Mortgage Company's most frequently cited loan purpose was Home Purchase, with 524 originations. The 2nd most popular reason was Refi, with 219 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 809 $230,775,000 $285,260 $4,784 3.07%
    15 Year 58 $12,370,000 $213,276 $3,743 2.48%
    20 Year 28 $7,770,000 $277,500 $3,466 2.74%
    10 Year 4 $440,000 $110,000 $2,514 2.31%
    Other 3 $1,215,000 $405,000 $4,904 2.87%

    For 2021, Seatrust Mortgage Company's most frequently cited loan duration was 30 Year, with 809 originations. The 2nd most popular length was 15 Year, with 58 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 550 $137,200,000 $249,455
    $<1k 158 $43,750,000 $276,899
    $2k-3k 109 $37,365,000 $342,798
    $3k-4k 48 $15,900,000 $331,250
    $5k+ 21 $12,885,000 $613,571
    $4k-5k 16 $5,470,000 $341,875

    Seatrust Mortgage Company's average total fees were $4,784, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 550 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 423 $124,315,000 $293,889
    3-4% 358 $95,670,000 $267,235
    <2.5% 99 $27,315,000 $275,909
    4-5% 22 $5,270,000 $239,545

    During 2021, Seatrust Mortgage Company's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 423 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 450 $127,110,000 $282,467 $4,759 3.02%
    $100k-200k 296 $45,020,000 $152,095 $3,679 3.04%
    $400k-600k 108 $51,530,000 $477,130 $5,955 2.95%
    $600k-1MM 26 $19,790,000 $761,154 $7,944 3.07%
    $100,000 or less 16 $1,440,000 $90,000 $3,865 3.27%
    $1MM+ 6 $7,680,000 $1,280,000 $11,151 2.85%

    2021 saw Seatrust Mortgage Company place emphasis on $200k-400k loans with 450 originations, totaling $127,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 224 $51,700,000 $230,804 $4,650 3.02%
    $100k-150k 169 $52,385,000 $309,970 $4,483 3.04%
    $50k or less 165 $30,945,000 $187,545 $4,455 2.93%
    $75k-100k 145 $39,805,000 $274,517 $4,895 3.03%
    $150k-250k 115 $41,905,000 $364,391 $4,846 3.09%
    $250k+ 70 $30,480,000 $435,429 $5,244 3.16%

    Seatrust Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 224 originations. The second most popular income band? $100k-150k, with 169 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 193 $52,515,000 $272,098 $4,355 3.03%
    30-36% 169 $50,415,000 $298,314 $4,670 3.03%
    <20% 92 $24,570,000 $267,065 $3,663 2.94%
    41% 43 $12,465,000 $289,884 $4,892 3.19%
    44% 40 $11,020,000 $275,500 $4,869 3.00%
    42% 36 $10,300,000 $286,111 $4,988 2.97%
    39% 34 $8,110,000 $238,529 $4,481 3.10%
    43% 31 $9,075,000 $292,742 $5,263 3.06%
    45% 28 $7,730,000 $276,071 $5,692 3.03%
    40% 28 $7,130,000 $254,643 $4,761 3.12%
    37% 27 $6,435,000 $238,333 $4,266 3.08%
    38% 27 $7,575,000 $280,556 $4,165 3.10%
    47% 27 $9,395,000 $347,963 $5,517 2.97%
    49% 27 $7,065,000 $261,667 $5,750 3.11%
    36% 25 $6,935,000 $277,400 $4,152 3.08%
    48% 22 $6,350,000 $288,636 $4,796 3.04%
    50-60% 21 $5,615,000 $267,381 $8,734 2.90%
    46% 10 $3,580,000 $358,000 $4,529 2.94%
    >60% 4 $1,090,000 $272,500 $3,338 2.78%

    Seatrust Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 193 originations. The next most common DTI ratio? 30-36%, with 169 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 578 $160,330,000 $277,388 $4,588 3.01%
    Not provided 180 $51,760,000 $287,556 $4,457 3.05%
    Asian 79 $23,135,000 $292,848 $5,141 3.08%
    Black 58 $15,700,000 $270,690 $5,300 2.96%
    American Indian 5 $1,165,000 $233,000 $6,065 3.03%
    Native Hawaiian or Islander 2 $480,000 $240,000 $5,404 3.06%

    Approval Rates

    Total approvals of all applications
    96.46%

    Seatrust Mortgage Company 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
    76.16%

    Seatrust Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 902 $252,570,000 $280,011

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    902 $252,570,000 $280,011

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $4,690,000 $195,417 $3,480 2.78%
    40-60% 116 $29,760,000 $256,552 $3,957 2.84%
    60-80% 306 $85,720,000 $280,131 $4,014 3.07%
    80-100% 431 $124,605,000 $289,107 $4,960 3.06%
    Over 100% 25 $7,795,000 $311,800 $11,997 2.87%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Seterus, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%