Seatrust Mortgage Company Rates, Fees & Info

Greensboro, NC

LEI: 54930059GZZ7G4G40O53

Tax ID: 84-2327160

3.7 stars - Updated: 6/17/24 - out of 5 stars, based on 42 reviews

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

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Mortgage Data

Review & Overview

Seatrust Mortgage Company is a smaller mortgage company specializing in Home Purchase loans. Seatrust Mortgage Company 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: Nashville, Charlotte, Seattle, Jacksonville, and Charleston among others. We have data for 145 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 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 6.72% 6/17/24
30 Year Conventional Refi 6.48% 6/17/24
30 Year Cash-out Refi 6.74% 6/17/24
30 Year FHA Purchase 7.41% 6/17/24
30 Year FHA Refi 6.27% 6/17/24
30 Year VA Purchase 6.39% 6/17/24
30 Year USDA Purchase 6.80% 6/17/24
15 Year Conventional Purchase 6.14% 6/17/24
15 Year Conventional Refi 6.03% 6/17/24
15 Year Cash-out Refi 6.03% 6/17/24
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.

Seatrust Mortgage Company Mortgage Calculator






Your Estimates

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

This is not an official calculator from Seatrust Mortgage Company. 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

1,733

Origination Dollar Volume (All Markets)

$593,445,000
Show all (5) awards

Relative Rate

Seatrust Mortgage Company's average 30 year fixed mortgage rate was 6.71%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.23%.

Relative Fees (Closing Costs)

Seatrust Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $9,748.

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 $9,089.

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
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 378 $136,300,000 $360,582 $10,257 6.59%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 324 $116,550,000 $359,722 $9,407 6.59%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 52 $26,000,000 $500,000 $16,672 6.49%
Outside of Metro Areas 91 $23,155,000 $254,451 $8,455 6.80%
JACKSONVILLE, NC (FHA|USDA|VA) 49 $16,055,000 $327,653 $9,052 6.83%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 33 $15,565,000 $471,667 $6,826 6.97%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 39 $14,195,000 $363,974 $7,181 7.22%
Tullahoma-Manchester, TN (FHA|USDA|VA) 53 $13,985,000 $263,868 $9,156 6.61%
WILMINGTON, NC (FHA|USDA|VA) 42 $13,270,000 $315,952 $7,094 6.91%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 31 $12,305,000 $396,935 $12,986 6.79%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 39 $11,625,000 $298,077 $11,419 6.76%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 23 $10,885,000 $473,261 $16,522 6.41%
Shelbyville, TN (FHA|USDA|VA) 30 $9,910,000 $330,333 $10,660 6.70%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 28 $9,740,000 $347,857 $9,591 6.72%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 24 $9,730,000 $405,417 $10,627 6.68%
Lewisburg, TN (FHA|USDA|VA) 28 $9,040,000 $322,857 $10,796 6.54%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 23 $6,155,000 $267,609 $8,512 6.41%
WINSTON-SALEM, NC (FHA|USDA|VA) 19 $5,325,000 $280,263 $6,032 6.81%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 16 $5,260,000 $328,750 $10,552 6.38%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 16 $4,850,000 $303,125 $10,656 6.93%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 19 $4,805,000 $252,895 $5,043 6.95%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $4,435,000 $633,571 $14,452 6.75%
BISMARCK, ND (FHA|USDA|VA) 17 $4,295,000 $252,647 $7,827 6.66%
McMinnville, TN (FHA|USDA|VA) 20 $4,250,000 $212,500 $8,726 6.11%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 16 $4,080,000 $255,000 $8,442 6.80%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 13 $3,915,000 $301,154 $10,059 6.31%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 9 $3,695,000 $410,556 $9,862 6.86%
FAYETTEVILLE, NC (FHA|USDA|VA) 13 $3,655,000 $281,154 $7,820 6.74%
Albemarle, NC (FHA|USDA|VA) 10 $3,220,000 $322,000 $9,209 6.91%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $3,090,000 $386,250 $7,947 6.73%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $3,085,000 $342,778 $8,182 6.64%
RALEIGH-CARY, NC (FHA|USDA|VA) 10 $2,810,000 $281,000 $6,775 6.91%
RICHMOND, VA (FHA|USDA|VA) 8 $2,660,000 $332,500 $7,588 7.15%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,585,000 $2,585,000 $14,712 6.63%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,420,000 $302,500 $11,154 6.52%
ASHEVILLE, NC (FHA|USDA|VA) 9 $2,205,000 $245,000 $6,241 7.24%
HUNTSVILLE, AL (FHA|USDA|VA) 7 $2,135,000 $305,000 $6,574 7.07%
JACKSON, MS (FHA|USDA|VA) 7 $2,115,000 $302,143 $7,941 6.71%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 7 $1,845,000 $263,571 $8,615 6.88%
Boone, NC (FHA|USDA|VA) 3 $1,705,000 $568,333 $12,516 7.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,660,000 $415,000 $9,445 7.34%
KNOXVILLE, TN (FHA|USDA|VA) 5 $1,625,000 $325,000 $7,759 6.62%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,590,000 $397,500 $8,692 7.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 6 $1,580,000 $263,333 $6,561 7.35%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,570,000 $785,000 $16,602 5.74%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,565,000 $313,000 $9,367 7.08%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,545,000 $1,545,000 $8,981 8.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,420,000 $355,000 $15,195 7.03%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,365,000 $455,000 $15,927 5.67%
COLUMBIA, SC (FHA|USDA|VA) 4 $1,360,000 $340,000 $9,459 6.91%
Kill Devil Hills, NC (FHA|USDA|VA) 3 $1,335,000 $445,000 $6,215 7.04%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $1,295,000 $259,000 $9,147 7.07%
GREENVILLE, NC (FHA|USDA|VA) 5 $1,285,000 $257,000 $7,323 6.95%
Shelby, NC (FHA|USDA|VA) 5 $1,215,000 $243,000 $10,816 6.58%
SALINAS, CA (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $30,160 6.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,145,000 $381,667 $12,920 6.71%
Lumberton, NC (FHA|USDA|VA) 6 $1,140,000 $190,000 $7,768 7.25%
Oak Harbor, WA (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $16,408 7.25%
Lawrenceburg, TN (FHA|USDA|VA) 4 $1,120,000 $280,000 $8,021 6.87%
EL PASO, TX (FHA|USDA|VA) 6 $1,090,000 $181,667 $8,601 6.90%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $955,000 $955,000 $44,786 5.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $910,000 $455,000 $8,881 7.25%
Morehead City, NC (FHA|USDA|VA) 2 $850,000 $425,000 $9,208 6.68%
CLEVELAND, TN (FHA|USDA|VA) 3 $795,000 $265,000 $9,262 6.29%
Forest City, NC (FHA|USDA|VA) 3 $795,000 $265,000 $11,335 6.96%
Greenwood, SC (FHA|USDA|VA) 3 $755,000 $251,667 $10,070 6.41%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $745,000 $745,000 $9,364 7.38%
GAINESVILLE, FL (FHA|USDA|VA) 1 $725,000 $725,000 $6,954 7.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $720,000 $360,000 $8,231 6.38%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $710,000 $177,500 $8,317 6.87%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $705,000 $235,000 $5,839 7.33%
LOUISVILLE, KY (FHA|USDA|VA) 2 $700,000 $350,000 $5,181 6.81%
LYNCHBURG, VA (FHA|USDA|VA) 3 $665,000 $221,667 $8,994 7.58%
St. Marys, GA (FHA|USDA|VA) 2 $640,000 $320,000 $3,898 7.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $630,000 $315,000 $8,056 6.50%
Shawnee, OK (FHA|USDA|VA) 2 $620,000 $310,000 $14,167 7.25%
SAVANNAH, GA (FHA|USDA|VA) 1 $615,000 $615,000 $21,560 6.50%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $605,000 $605,000 $29,305 6.13%
HINESVILLE, GA (FHA|USDA|VA) 2 $600,000 $300,000 $6,955 6.69%
GREELEY, CO (FHA|USDA|VA) 2 $600,000 $300,000 $9,637 6.75%
London, KY (FHA|USDA|VA) 1 $575,000 $575,000 $2,218 6.62%
MORRISTOWN, TN (FHA|USDA|VA) 1 $575,000 $575,000 $7,978 6.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $570,000 $285,000 $9,187 6.56%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $555,000 $555,000 $3,278 7.38%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $550,000 $275,000 $6,149 6.31%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $550,000 $275,000 $8,479 6.56%
NEW BERN, NC (FHA|USDA|VA) 2 $500,000 $250,000 $7,765 6.75%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $490,000 $245,000 $6,749 7.50%
STOCKTON, CA (FHA|USDA|VA) 1 $455,000 $455,000 $22,233 6.38%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $435,000 $435,000 $7,927 7.88%
PITTSBURGH, PA (FHA|USDA|VA) 3 $435,000 $145,000 $6,011 7.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $420,000 $210,000 $4,710 6.81%
Seneca, SC (FHA|USDA|VA) 2 $410,000 $205,000 $6,642 6.50%
FLINT, MI (FHA|USDA|VA) 1 $405,000 $405,000 $19,674 6.75%
Greeneville, TN (FHA|USDA|VA) 1 $405,000 $405,000 $5,275 7.88%
Fredericksburg, TX (FHA|USDA|VA) 1 $395,000 $395,000 $6,255 6.62%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $6,363 7.50%
Centralia, WA (FHA|USDA|VA) 1 $375,000 $375,000 $9,545 7.88%
MONTGOMERY, AL (FHA|USDA|VA) 2 $370,000 $185,000 $5,005 6.81%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $365,000 $365,000 $20,651 6.13%
YAKIMA, WA (FHA|USDA|VA) 1 $355,000 $355,000 $1,697 5.00%
ODESSA, TX (FHA|USDA|VA) 1 $335,000 $335,000 $9,066 7.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $335,000 $335,000 $17,761 6.12%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $315,000 $315,000 $0 6.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $305,000 $305,000 $10,670 6.50%
MIDLAND, TX (FHA|USDA|VA) 1 $305,000 $305,000 $16,147 6.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $305,000 $305,000 $2,535 6.88%
North Wilkesboro, NC (FHA|USDA|VA) 1 $295,000 $295,000 $21,671 5.75%
Marquette, MI (FHA|USDA|VA) 1 $285,000 $285,000 $15,572 8.13%
Marion, NC (FHA|USDA|VA) 1 $275,000 $275,000 $13,897 6.99%
MANHATTAN, KS (FHA|USDA|VA) 1 $275,000 $275,000 $6,729 6.63%
HATTIESBURG, MS (FHA|USDA|VA) 1 $265,000 $265,000 $3,917 7.38%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 8.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $265,000 $265,000 $11,410 7.13%
Starkville, MS (FHA|USDA|VA) 1 $255,000 $255,000 $6,193 6.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,673 6.38%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $4,679 7.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $235,000 $235,000 $3,353 8.50%
Troy, AL (FHA|USDA|VA) 1 $225,000 $225,000 $12,267 6.13%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $225,000 $225,000 $5,985 6.50%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $215,000 $215,000 $6,893 7.13%
SPARTANBURG, SC (FHA|USDA|VA) 1 $215,000 $215,000 $9,462 6.38%
Crossville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $4,340 6.99%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $205,000 $205,000 $7,387 7.38%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $205,000 $205,000 $1,728 6.63%
LANCASTER, PA (FHA|USDA|VA) 1 $205,000 $205,000 $10,657 6.99%
Dyersburg, TN (FHA|USDA|VA) 1 $205,000 $205,000 $5,280 7.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $205,000 $205,000 $2,630 6.88%
Union City, TN (FHA|USDA|VA) 1 $185,000 $185,000 $11,129 7.75%
Laurinburg, NC (FHA|USDA|VA) 1 $185,000 $185,000 $8,284 7.75%
Scottsboro, AL (FHA|USDA|VA) 1 $185,000 $185,000 $9,707 7.50%
Wilson, NC (FHA|USDA|VA) 1 $175,000 $175,000 $10,168 7.63%
Glasgow, KY (FHA|USDA|VA) 1 $175,000 $175,000 $8,316 6.99%
Kirksville, MO (FHA|USDA|VA) 1 $175,000 $175,000 $6,559 7.00%
Danville, KY (FHA|USDA|VA) 1 $165,000 $165,000 $6,468 6.13%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $155,000 $155,000 $10,989 7.75%
DECATUR, AL (FHA|USDA|VA) 1 $155,000 $155,000 $5,980 7.63%
MOBILE, AL (FHA|USDA|VA) 1 $145,000 $145,000 $4,929 7.38%
JACKSON, TN (FHA|USDA|VA) 1 $145,000 $145,000 $9,499 7.75%
PEORIA, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,957 6.88%
AMARILLO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $7,656 7.75%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $105,000 $105,000 $4,569 6.88%
REDDING, CA (FHA|USDA|VA) 1 $105,000 $105,000 $4,715 7.63%
Sedalia, MO (FHA|USDA|VA) 1 $95,000 $95,000 $3,251 6.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $95,000 $95,000 $4,832 7.13%
Seatrust Mortgage Company's top markets include Nashville, Charlotte, Seattle, Jacksonville, and Charleston among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 963 $342,145,000 $355,291 $7,466 6.87%
    FHA 473 $139,515,000 $294,958 $12,653 6.52%
    VA 269 $104,835,000 $389,721 $11,994 6.47%
    USDA 28 $6,950,000 $248,214 $8,999 6.23%

    For 2023, Seatrust Mortgage Company's most frequently originated type of loan was Conventional, with 963 originations. Their 2nd most popular type was FHA, with 473 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,609 $554,235,000 $344,459 $9,737 6.67%
    Cash Out Refi 81 $23,565,000 $290,926 $10,144 6.98%
    Refi 33 $10,535,000 $319,242 $6,941 7.02%
    Home Improvement 10 $5,110,000 $511,000 $0 7.90%

    For 2023, Seatrust Mortgage Company's most frequently cited loan purpose was Home Purchase, with 1,609 originations. The 2nd most popular reason was Cash Out Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,688 $577,430,000 $342,079 $9,748 6.71%
    15 Year 28 $9,680,000 $345,714 $8,067 5.93%
    1 Year 9 $4,755,000 $528,333 $0 7.94%
    20 Year 6 $1,320,000 $220,000 $6,118 6.60%
    10 Year 2 $260,000 $130,000 $6,623 6.56%

    For 2023, Seatrust Mortgage Company's most frequently cited loan duration was 30 Year, with 1,688 originations. The 2nd most popular length was 15 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 568 $231,560,000 $407,676
    $1k-2k 330 $122,900,000 $372,424
    $3k-4k 282 $74,470,000 $264,078
    $2k-3k 213 $59,655,000 $280,070
    $4k-5k 192 $59,800,000 $311,458
    $<1k 81 $26,365,000 $325,494

    Seatrust Mortgage Company's average total fees were $9,748, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 568 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 861 $293,055,000 $340,366
    7-8% 496 $165,590,000 $333,851
    5-6% 311 $105,595,000 $339,534
    Over 8% 46 $20,650,000 $448,913
    4-5% 19 $8,555,000 $450,263

    During 2023, Seatrust Mortgage Company's average interest rate for loans was 6.71%, while their most frequently originated rate bucket for loans was 6-7%, with 861 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 994 $291,170,000 $292,928 $9,189 6.66%
    $400k-600k 341 $162,225,000 $475,733 $11,790 6.68%
    $100k-200k 247 $38,925,000 $157,591 $6,649 6.80%
    $600k-1MM 118 $80,800,000 $684,746 $13,584 6.74%
    $100,000 or less 19 $1,655,000 $87,105 $4,602 7.08%
    $1MM+ 14 $18,670,000 $1,333,571 $20,093 7.42%

    2023 saw Seatrust Mortgage Company place emphasis on $200k-400k loans with 994 originations, totaling $291,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 452 $164,570,000 $364,093 $10,155 6.76%
    $50k-75k 403 $99,545,000 $247,010 $8,962 6.49%
    $75k-100k 375 $113,965,000 $303,907 $9,742 6.65%
    $150k-250k 263 $124,635,000 $473,897 $10,883 6.83%
    $250k+ 120 $70,530,000 $587,750 $10,839 7.14%
    $50k or less 119 $19,955,000 $167,689 $6,974 6.60%

    Seatrust Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 452 originations. The second most popular income band? $50k-75k, with 403 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 237 $83,195,000 $351,034 $12,880 6.53%
    30-36% 218 $74,940,000 $343,761 $8,349 6.76%
    20-30% 202 $67,610,000 $334,703 $7,354 6.89%
    44% 112 $34,510,000 $308,125 $9,690 6.59%
    49% 109 $37,865,000 $347,385 $9,344 6.73%
    43% 89 $26,915,000 $302,416 $8,753 6.69%
    42% 82 $30,090,000 $366,951 $10,404 6.75%
    41% 81 $28,835,000 $355,988 $9,367 6.53%
    48% 74 $25,170,000 $340,135 $10,572 6.64%
    40% 69 $23,315,000 $337,899 $8,933 6.60%
    39% 60 $21,540,000 $359,000 $8,556 6.69%
    47% 60 $21,150,000 $352,500 $10,276 6.72%
    46% 59 $20,725,000 $351,271 $11,228 6.54%
    38% 56 $20,940,000 $373,929 $10,272 6.60%
    45% 54 $17,000,000 $314,815 $10,040 6.83%
    36% 52 $18,060,000 $347,308 $8,563 6.72%
    37% 52 $17,330,000 $333,269 $10,151 6.80%
    <20% 49 $16,735,000 $341,531 $7,258 7.01%
    >60% 17 $7,365,000 $433,235 $16,290 6.84%

    Seatrust Mortgage Company lent most frequently to those with DTI ratios of 50-60%, with 237 originations. The next most common DTI ratio? 30-36%, with 218 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,053 $346,815,000 $329,359 $9,198 6.75%
    Not provided 361 $133,685,000 $370,319 $10,214 6.61%
    Asian 147 $55,875,000 $380,102 $10,067 6.60%
    Black 149 $50,145,000 $336,544 $11,822 6.65%
    American Indian 19 $5,135,000 $270,263 $7,364 6.70%
    Native Hawaiian or Islander 4 $1,790,000 $447,500 $16,417 6.41%

    Approval Rates

    Total approvals of all applications
    96.24%

    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
    63.94%

    Seatrust Mortgage Company 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 1,733 $593,445,000 $342,438

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,733 $593,445,000 $342,438

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $7,585,000 $176,395 $5,093 6.94%
    40-60% 109 $28,685,000 $263,165 $6,785 6.73%
    60-80% 324 $110,800,000 $341,975 $8,203 6.81%
    80-100% 1,172 $413,680,000 $352,969 $10,019 6.66%
    Over 100% 83 $32,495,000 $391,506 $16,389 6.61%
    Under 20% 2 $200,000 $100,000 $4,978 6.68%