Seatrust Mortgage Company Rates, Fees & Info
Greensboro, NCLEI: 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/21/24 |
| 30 Year Conventional Refi | 6.48% | 4/21/24 |
| 30 Year Cash-out Refi | 6.74% | 4/21/24 |
| 30 Year FHA Purchase | 7.41% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 6.39% | 4/21/24 |
| 30 Year USDA Purchase | 6.80% | 4/21/24 |
| 15 Year Conventional Purchase | 6.14% | 4/21/24 |
| 15 Year Conventional Refi | 6.03% | 4/21/24 |
| 15 Year Cash-out Refi | 6.03% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
902Origination Dollar Volume (All Markets)
$252,570,000Awards
SeaTrust Mortgage Company - 2021
SeaTrust Mortgage Company is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
2021 saw Seatrust Mortgage Company place emphasis on $200k-400k loans with 450 originations, totaling $127,110,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.46%
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 origination76.16%
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 |
LTV Distribution
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% |