Seatrust Mortgage Company Rates, Fees & Info

Greensboro, NC

LEI: 54930059GZZ7G4G40O53

Tax ID: 84-2327160

2.8 stars - Updated: 2/19/24 - out of 5 stars, based on 31 reviews

Latest/2022 | 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: Charlotte, Nashville, Jacksonville, Wilmington, and Jacksonville among others. We have data for 96 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 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% 2/19/24
30 Year Conventional Refi 6.48% 2/19/24
30 Year Cash-out Refi 6.74% 2/19/24
30 Year FHA Purchase 7.41% 2/19/24
30 Year FHA Refi 6.27% 2/19/24
30 Year VA Purchase 6.39% 2/19/24
30 Year USDA Purchase 6.80% 2/19/24
15 Year Conventional Purchase 6.14% 2/19/24
15 Year Conventional Refi 6.03% 2/19/24
15 Year Cash-out Refi 6.03% 2/19/24
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

942

Origination Dollar Volume (All Markets)

$287,560,000

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 5.28%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.52%.

Relative Fees (Closing Costs)

Seatrust Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $7,153.

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) 338 $109,740,000 $324,675 $7,165 5.05%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 108 $35,980,000 $333,148 $7,724 5.67%
JACKSONVILLE, NC (FHA|USDA|VA) 75 $19,735,000 $263,133 $7,563 4.77%
WILMINGTON, NC (FHA|USDA|VA) 52 $17,320,000 $333,077 $7,103 4.85%
JACKSONVILLE, FL (FHA|USDA|VA) 29 $10,245,000 $353,276 $7,470 5.32%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 32 $9,110,000 $284,688 $6,425 4.82%
Outside of Metro Areas 27 $6,865,000 $254,259 $6,026 5.77%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 27 $6,575,000 $243,519 $6,580 5.21%
WINSTON-SALEM, NC (FHA|USDA|VA) 24 $5,510,000 $229,583 $5,557 5.57%
ASHEVILLE, NC (FHA|USDA|VA) 14 $3,600,000 $257,143 $5,761 5.15%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 9 $3,295,000 $366,111 $5,624 6.47%
Kalispell, MT (FHA|USDA|VA) 1 $3,225,000 $3,225,000 $18,044 7.10%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,520,000 $315,000 $9,539 5.25%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $2,515,000 $503,000 $10,128 7.17%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 9 $2,405,000 $267,222 $11,560 6.36%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 9 $2,385,000 $265,000 $8,119 5.28%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $2,270,000 $189,167 $8,047 5.11%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $2,210,000 $368,333 $5,604 4.93%
Tullahoma-Manchester, TN (FHA|USDA|VA) 6 $2,120,000 $353,333 $6,105 5.56%
Albemarle, NC (FHA|USDA|VA) 9 $2,085,000 $231,667 $6,887 4.82%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 11 $2,075,000 $188,636 $6,328 5.34%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 6 $1,840,000 $306,667 $4,377 5.08%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $1,340,000 $335,000 $8,059 6.34%
RICHMOND, VA (FHA|USDA|VA) 5 $1,325,000 $265,000 $3,456 5.95%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $1,240,000 $310,000 $6,635 5.91%
Morehead City, NC (FHA|USDA|VA) 3 $1,155,000 $385,000 $8,962 5.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,100,000 $275,000 $7,138 6.75%
Seneca, SC (FHA|USDA|VA) 6 $1,050,000 $175,000 $4,557 5.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,010,000 $505,000 $11,010 5.12%
KNOXVILLE, TN (FHA|USDA|VA) 3 $995,000 $331,667 $6,774 4.42%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $910,000 $227,500 $7,687 6.87%
LAKE CHARLES, LA (FHA|USDA|VA) 3 $895,000 $298,333 $5,352 4.62%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $845,000 $281,667 $10,805 6.58%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $840,000 $420,000 $16,600 5.81%
Glenwood Springs, CO (FHA|USDA|VA) 1 $805,000 $805,000 $7,063 4.37%
EL PASO, TX (FHA|USDA|VA) 4 $790,000 $197,500 $9,242 6.03%
St. Marys, GA (FHA|USDA|VA) 2 $780,000 $390,000 $6,407 5.24%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $710,000 $355,000 $12,940 5.25%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $695,000 $695,000 $17,682 3.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $690,000 $345,000 $3,004 4.69%
Kerrville, TX (FHA|USDA|VA) 1 $675,000 $675,000 $10,762 7.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $655,000 $218,333 $4,644 5.75%
North Wilkesboro, NC (FHA|USDA|VA) 2 $600,000 $300,000 $6,052 5.69%
Shelby, NC (FHA|USDA|VA) 3 $585,000 $195,000 $6,045 5.41%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $555,000 $555,000 $14,222 6.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $530,000 $265,000 $5,057 6.50%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $525,000 $525,000 $2,615 3.75%
JACKSON, MS (FHA|USDA|VA) 2 $520,000 $260,000 $6,133 6.87%
COLUMBIA, SC (FHA|USDA|VA) 2 $490,000 $245,000 $8,037 5.25%
Boone, NC (FHA|USDA|VA) 2 $480,000 $240,000 $6,972 6.31%
LYNCHBURG, VA (FHA|USDA|VA) 1 $425,000 $425,000 $5,192 5.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $420,000 $210,000 $4,467 3.37%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $415,000 $415,000 $12,119 6.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $410,000 $205,000 $5,984 4.43%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $405,000 $405,000 $5,214 3.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $390,000 $195,000 $3,361 4.63%
Lawrenceburg, TN (FHA|USDA|VA) 2 $390,000 $195,000 $4,936 7.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $365,000 $365,000 $5,847 3.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $355,000 $355,000 $8,100 7.50%
Gaffney, SC (FHA|USDA|VA) 2 $340,000 $170,000 $7,916 5.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $335,000 $335,000 $4,299 5.75%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $295,000 $295,000 $10,407 5.63%
GREENVILLE, NC (FHA|USDA|VA) 1 $295,000 $295,000 $4,139 4.49%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $285,000 $285,000 $12,558 5.25%
CHICO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $17,227 6.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $8,527 4.63%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $255,000 $255,000 $7,754 3.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $5,230 7.63%
YUMA, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $14,517 5.99%
AKRON, OH (FHA|USDA|VA) 1 $235,000 $235,000 $8,192 5.63%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $225,000 $225,000 $3,439 5.25%
TYLER, TX (FHA|USDA|VA) 1 $215,000 $215,000 $14,383 6.13%
Lewisburg, TN (FHA|USDA|VA) 1 $215,000 $215,000 $7,211 6.63%
Enterprise, AL (FHA|USDA|VA) 1 $205,000 $205,000 $6,386 5.38%
Lumberton, NC (FHA|USDA|VA) 1 $205,000 $205,000 $12,623 6.63%
GAINESVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,579 5.50%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $205,000 $205,000 $4,498 3.25%
Oxford, MS (FHA|USDA|VA) 1 $195,000 $195,000 $7,501 4.50%
SAVANNAH, GA (FHA|USDA|VA) 1 $195,000 $195,000 $2,841 5.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $195,000 $195,000 $6,924 6.62%
WACO, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,348 6.38%
Rockingham, NC (FHA|USDA|VA) 1 $185,000 $185,000 $6,397 4.63%
Cullowhee, NC (FHA|USDA|VA) 1 $185,000 $185,000 $4,841 3.75%
Forest City, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,822 5.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,076 3.99%
Greeneville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,391 6.25%
Shelbyville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $2,718 7.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $175,000 $175,000 $10,598 5.88%
PINE BLUFF, AR (FHA|USDA|VA) 1 $155,000 $155,000 $9,627 6.13%
DECATUR, AL (FHA|USDA|VA) 1 $145,000 $145,000 $3,249 5.99%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,487 6.00%
Greenwood, SC (FHA|USDA|VA) 1 $135,000 $135,000 $3,329 3.99%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $115,000 $115,000 $2,407 7.63%
McMinnville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $2,689 6.38%
Jasper, AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,888 6.25%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $95,000 $95,000 $4,379 5.25%
Seatrust Mortgage Company's top markets include Charlotte, Nashville, Jacksonville, Wilmington, and Jacksonville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 680 $210,650,000 $309,779 $6,030 5.23%
    FHA 136 $35,550,000 $261,397 $10,949 5.46%
    VA 104 $35,530,000 $341,635 $9,149 5.19%
    USDA 22 $5,830,000 $265,000 $8,070 4.84%

    For 2022, Seatrust Mortgage Company's most frequently originated type of loan was Conventional, with 680 originations. Their 2nd most popular type was FHA, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 840 $265,390,000 $315,940 $7,325 5.30%
    Cash Out Refi 74 $15,730,000 $212,568 $6,234 4.90%
    Refi 28 $6,440,000 $230,000 $4,310 4.67%

    For 2022, Seatrust Mortgage Company's most frequently cited loan purpose was Home Purchase, with 840 originations. The 2nd most popular reason was Cash Out Refi, with 74 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 917 $280,315,000 $305,687 $7,153 5.28%
    15 Year 20 $5,720,000 $286,000 $6,177 4.19%
    20 Year 5 $1,525,000 $305,000 $10,604 3.77%

    For 2022, Seatrust Mortgage Company's most frequently cited loan duration was 30 Year, with 917 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 314 $90,210,000 $287,293
    $5k+ 189 $68,495,000 $362,407
    $2k-3k 170 $47,980,000 $282,235
    $3k-4k 120 $34,360,000 $286,333
    $4k-5k 87 $27,375,000 $314,655
    $<1k 60 $18,690,000 $311,500

    Seatrust Mortgage Company's average total fees were $7,153, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 314 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 308 $91,010,000 $295,487
    4-5% 207 $61,945,000 $299,251
    6-7% 187 $60,885,000 $325,588
    3-4% 167 $49,085,000 $293,922
    7-8% 56 $19,300,000 $344,643
    2.5-3% 16 $4,750,000 $296,875
    Over 8% 1 $585,000 $585,000

    During 2022, Seatrust Mortgage Company's average interest rate for loans was 5.28%, while their most frequently originated rate bucket for loans was 5-6%, with 308 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 548 $157,870,000 $288,084 $7,310 5.21%
    $100k-200k 193 $30,045,000 $155,674 $5,116 5.15%
    $400k-600k 158 $73,670,000 $466,266 $8,711 5.44%
    $600k-1MM 30 $21,720,000 $724,000 $9,459 5.66%
    $100,000 or less 12 $1,030,000 $85,833 $4,533 5.25%
    $1MM+ 1 $3,225,000 $3,225,000 $18,044 7.10%

    2022 saw Seatrust Mortgage Company place emphasis on $200k-400k loans with 548 originations, totaling $157,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 241 $61,635,000 $255,747 $7,132 5.19%
    $75k-100k 219 $65,715,000 $300,068 $7,443 5.26%
    $100k-150k 181 $61,745,000 $341,133 $7,312 5.37%
    $50k or less 129 $23,125,000 $179,264 $5,804 4.90%
    $150k-250k 120 $49,100,000 $409,167 $7,720 5.41%
    $250k+ 51 $26,015,000 $510,098 $7,720 5.59%

    Seatrust Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 241 originations. The second most popular income band? $75k-100k, with 219 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 143 $39,915,000 $279,126 $6,088 5.06%
    30-36% 141 $42,015,000 $297,979 $6,913 5.03%
    50-60% 84 $26,270,000 $312,738 $10,325 5.63%
    44% 55 $17,085,000 $310,636 $6,752 5.36%
    39% 50 $19,660,000 $393,200 $7,065 5.15%
    40% 44 $12,950,000 $294,318 $7,001 5.46%
    49% 44 $13,290,000 $302,045 $7,784 5.28%
    43% 43 $13,445,000 $312,674 $6,805 5.35%
    41% 41 $11,945,000 $291,341 $6,236 5.25%
    <20% 39 $12,555,000 $321,923 $5,634 4.96%
    42% 37 $11,205,000 $302,838 $6,506 4.94%
    47% 36 $10,330,000 $286,944 $6,898 5.05%
    48% 36 $11,280,000 $313,333 $8,170 5.63%
    45% 33 $9,615,000 $291,364 $7,798 5.38%
    38% 30 $9,600,000 $320,000 $6,971 5.47%
    46% 30 $9,380,000 $312,667 $8,063 5.74%
    37% 28 $9,600,000 $342,857 $6,849 4.89%
    36% 24 $6,290,000 $262,083 $6,285 5.79%
    >60% 4 $1,130,000 $282,500 $9,931 4.91%

    Seatrust Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 143 originations. The next most common DTI ratio? 30-36%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 571 $177,495,000 $310,849 $6,767 5.28%
    Not provided 166 $49,790,000 $299,940 $7,595 5.33%
    Asian 104 $32,750,000 $314,904 $7,630 5.01%
    Black 93 $24,995,000 $268,763 $7,946 5.23%
    American Indian 7 $2,255,000 $322,143 $8,641 4.96%
    Native Hawaiian or Islander 1 $275,000 $275,000 $19,495 5.88%

    Approval Rates

    Total approvals of all applications
    96.28%

    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
    71.55%

    Seatrust Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 942 $287,560,000 $305,265

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    942 $287,560,000 $305,265

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $3,105,000 $135,000 $3,728 5.02%
    40-60% 80 $20,070,000 $250,875 $5,245 5.09%
    60-80% 224 $70,480,000 $314,643 $6,621 5.31%
    80-100% 588 $184,560,000 $313,878 $7,393 5.27%
    Over 100% 27 $9,345,000 $346,111 $14,691 5.04%