Seatrust Mortgage Company Rates, Fees & Info

Greensboro, NC

LEI: 54930059GZZ7G4G40O53

Tax ID: 84-2327160

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Mortgage Data

Review & Overview

Seatrust Mortgage Company is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Seatrust Mortgage Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Charlotte, Wilmington, Jacksonville, Myrtle Beach, and Greensboro among others. We have data for 48 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 low 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% 3/28/24
30 Year Conventional Refi 6.48% 3/28/24
30 Year Cash-out Refi 6.74% 3/28/24
30 Year FHA Purchase 7.41% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 6.39% 3/28/24
30 Year USDA Purchase 6.80% 3/28/24
15 Year Conventional Purchase 6.14% 3/28/24
15 Year Conventional Refi 6.03% 3/28/24
15 Year Cash-out Refi 6.03% 3/28/24
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

426

Origination Dollar Volume (All Markets)

$112,460,000
Show all (13) 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
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 88 $26,160,000 $297,273 $3,745 2.90%
WILMINGTON, NC (FHA|USDA|VA) 83 $21,725,000 $261,747 $4,268 2.93%
JACKSONVILLE, NC (FHA|USDA|VA) 47 $11,785,000 $250,745 $4,783 2.85%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 27 $6,225,000 $230,556 $4,692 2.95%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 25 $5,645,000 $225,800 $3,928 2.96%
Seneca, SC (FHA|USDA|VA) 24 $4,800,000 $200,000 $3,325 2.82%
WINSTON-SALEM, NC (FHA|USDA|VA) 24 $4,360,000 $181,667 $3,502 2.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 16 $4,280,000 $267,500 $3,623 2.78%
Outside of Metro Areas 9 $2,755,000 $306,111 $4,515 2.83%
RALEIGH-CARY, NC (FHA|USDA|VA) 9 $2,605,000 $289,444 $3,861 2.67%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,995,000 $665,000 $3,799 3.29%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $1,975,000 $395,000 $8,339 2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,820,000 $303,333 $4,322 2.94%
NAPA, CA (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $14,606 3.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,150,000 $287,500 $3,957 2.75%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,100,000 $183,333 $3,299 2.87%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $1,045,000 $348,333 $6,534 3.46%
Mount Airy, NC (FHA|USDA|VA) 3 $855,000 $285,000 $3,712 2.83%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $770,000 $385,000 $4,832 2.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $720,000 $360,000 $3,494 3.06%
NEW BERN, NC (FHA|USDA|VA) 4 $680,000 $170,000 $3,552 3.13%
LAKE CHARLES, LA (FHA|USDA|VA) 3 $605,000 $201,667 $3,241 2.79%
Albemarle, NC (FHA|USDA|VA) 2 $530,000 $265,000 $3,975 3.06%
Boone, NC (FHA|USDA|VA) 3 $525,000 $175,000 $3,136 3.29%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $515,000 $515,000 $5,041 2.25%
Georgetown, SC (FHA|USDA|VA) 1 $515,000 $515,000 $6,176 2.25%
PITTSFIELD, MA (FHA|USDA|VA) 1 $505,000 $505,000 $4,993 2.50%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $505,000 $505,000 $5,063 3.25%
SAVANNAH, GA (FHA|USDA|VA) 2 $450,000 $225,000 $5,652 3.06%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $405,000 $405,000 $3,980 2.63%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $380,000 $190,000 $2,796 3.06%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $375,000 $375,000 $11,243 2.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $365,000 $365,000 $4,882 2.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $360,000 $180,000 $3,189 2.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,856 2.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $305,000 $305,000 $3,618 2.88%
North Wilkesboro, NC (FHA|USDA|VA) 1 $295,000 $295,000 $3,658 2.38%
ASHEVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $2,742 2.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $5,080 2.75%
RICHMOND, VA (FHA|USDA|VA) 1 $255,000 $255,000 $3,719 2.25%
SPARTANBURG, SC (FHA|USDA|VA) 1 $245,000 $245,000 $3,298 2.88%
Stevens Point, WI (FHA|USDA|VA) 1 $215,000 $215,000 $749 2.99%
Shelby, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,002 3.13%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $145,000 $145,000 $10,536 3.63%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $105,000 $105,000 $3,188 3.00%
Ashtabula, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,494 2.75%
West Point, MS (FHA|USDA|VA) 1 $45,000 $45,000 $4,078 2.75%
Jennings, LA (FHA|USDA|VA) 1 $45,000 $45,000 $2,287 4.13%
Seatrust Mortgage Company's top markets include Charlotte, Wilmington, Jacksonville, Myrtle Beach, and Greensboro among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • 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.

    SmartBank
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    TENNESSEE TRUST MORTGAGE, INC
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    Legacy Home Loans, LLC
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    Belmont Savings Bank, SSB
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 348 $91,010,000 $261,523 $3,773 2.92%
    VA 61 $18,265,000 $299,426 $5,879 2.76%
    USDA 17 $3,185,000 $187,353 $5,583 2.71%

    For 2020, Seatrust Mortgage Company's most frequently originated type of loan was Conventional, with 348 originations. Their 2nd most popular type was VA, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 182 $46,750,000 $256,868 $4,829 2.98%
    Refi 160 $41,530,000 $259,563 $3,475 2.77%
    Cash Out Refi 84 $24,180,000 $287,857 $3,948 2.94%

    For 2020, Seatrust Mortgage Company's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Refi, with 160 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 358 $96,850,000 $270,531 $4,261 2.95%
    15 Year 43 $10,585,000 $246,163 $3,618 2.47%
    20 Year 17 $3,845,000 $226,176 $3,553 2.81%
    10 Year 6 $780,000 $130,000 $3,111 2.73%
    Other 2 $400,000 $200,000 $3,217 2.93%

    For 2020, Seatrust Mortgage Company's most frequently cited loan duration was 30 Year, with 358 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 244 $53,760,000 $220,328
    $<1k 86 $25,400,000 $295,349
    $2k-3k 63 $19,645,000 $311,825
    $3k-4k 18 $6,640,000 $368,889
    $4k-5k 8 $2,830,000 $353,750
    $5k+ 7 $4,185,000 $597,857

    Seatrust Mortgage Company's average total fees were $4,261, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 244 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 208 $53,610,000 $257,740
    3-4% 115 $29,135,000 $253,348
    <2.5% 96 $28,290,000 $294,688
    4-5% 7 $1,425,000 $203,571

    During 2020, Seatrust Mortgage Company's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 208 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 198 $54,590,000 $275,707 $4,355 2.87%
    $100k-200k 148 $23,080,000 $155,946 $3,522 2.95%
    $400k-600k 53 $24,575,000 $463,679 $4,813 2.71%
    $100,000 or less 16 $1,220,000 $76,250 $3,235 3.01%
    $600k-1MM 9 $6,655,000 $739,444 $5,698 3.26%
    $1MM+ 2 $2,340,000 $1,170,000 $12,389 3.00%

    2020 saw Seatrust Mortgage Company place emphasis on $200k-400k loans with 198 originations, totaling $54,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 85 $18,195,000 $214,059 $4,165 2.94%
    $50k or less 82 $16,630,000 $202,805 $3,704 2.85%
    $100k-150k 76 $20,170,000 $265,395 $4,558 2.91%
    $150k-250k 63 $21,675,000 $344,048 $4,751 2.86%
    $250k+ 53 $19,865,000 $374,811 $4,130 2.98%
    $75k-100k 51 $12,385,000 $242,843 $4,197 2.88%

    Seatrust Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 85 originations. The second most popular income band? $50k or less, with 82 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 111 $28,415,000 $255,991 $3,969 2.90%
    30-36% 71 $19,415,000 $273,451 $3,975 2.91%
    <20% 59 $16,155,000 $273,814 $3,852 2.86%
    38% 17 $3,855,000 $226,765 $4,742 2.95%
    36% 14 $3,190,000 $227,857 $4,471 2.86%
    40% 14 $3,110,000 $222,143 $4,348 2.89%
    37% 14 $4,790,000 $342,143 $4,813 2.83%
    42% 13 $4,065,000 $312,692 $4,126 2.93%
    39% 13 $3,015,000 $231,923 $4,462 2.87%
    41% 13 $3,065,000 $235,769 $4,289 2.79%
    43% 11 $2,235,000 $203,182 $3,951 3.00%
    44% 11 $2,875,000 $261,364 $4,126 3.06%
    49% 10 $2,710,000 $271,000 $5,540 2.76%
    46% 9 $2,185,000 $242,778 $3,449 3.01%
    47% 8 $2,280,000 $285,000 $4,674 3.17%
    48% 7 $1,905,000 $272,143 $4,749 3.07%
    45% 5 $815,000 $163,000 $2,587 3.15%
    50-60% 5 $1,175,000 $235,000 $7,237 2.93%
    >60% 1 $225,000 $225,000 $11,584 3.38%

    Seatrust Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 111 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 326 $87,100,000 $267,178 $4,086 2.88%
    Not provided 70 $18,620,000 $266,000 $4,400 2.94%
    Black 16 $3,490,000 $218,125 $4,576 2.98%
    Asian 10 $2,550,000 $255,000 $3,902 2.77%
    American Indian 4 $700,000 $175,000 $3,565 2.69%

    Approval Rates

    Total approvals of all applications
    96.86%

    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
    84.04%

    Seatrust Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 426 $112,460,000 $263,991

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $685,000 $97,857
    Single Family (1-4 Units):Site-Built 419 $111,775,000 $266,766

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $6,710,000 $279,583 $3,302 2.81%
    40-60% 69 $16,785,000 $243,261 $3,506 2.71%
    60-80% 152 $42,040,000 $276,579 $3,749 2.90%
    80-100% 165 $42,645,000 $258,455 $4,320 2.99%
    Over 100% 16 $4,280,000 $267,500 $10,174 2.73%