Trumark Financial Credit Union Mortgage Rates, Fees & Info

Fort Washington, PA

LEI: 54930062IKKOJW3K8L94

Tax ID: 23-1357086

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Trumark Financial Credit Union is a smaller credit union specializing in Home Purchase loans. Trumark Financial Credit Union has a high proportion of conventional 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: Philadelphia, Ocean City, New York, Atlantic City, and Trenton among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Trumark Financial Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Trumark Financial Credit Union 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
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 5.60% 12/16/24
    30 Year Conventional Refi 5.85% 12/16/24
    30 Year Cash-out Refi 5.89% 12/16/24
    30 Year FHA Purchase 7.64% 12/16/24
    15 Year Conventional Purchase 6.03% 12/16/24
    15 Year Conventional Refi 6.03% 12/16/24
    15 Year Cash-out Refi 6.03% 12/16/24
    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.

    Trumark Financial Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Trumark Financial Credit Union. 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

    2,940

    Origination Dollar Volume (All Markets)

    $411,000,000

    Awards

    TRUMARK FINANCIAL CREDIT UNION 30 Year Conventional Loans gold TRUMARK FINANCIAL CREDIT UNION 30 Year Conventional Loans gold TRUMARK FINANCIAL CREDIT UNION 30 Year Conventional Loans gold TRUMARK FINANCIAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (4) 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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2,759 $376,535,000 $136,475 $2,303 4.68%
    OCEAN CITY, NJ (FHA|USDA|VA) 48 $12,440,000 $259,167 $3,113 4.15%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 21 $5,995,000 $285,476 $3,427 4.38%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 15 $2,525,000 $168,333 $2,977 4.24%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 11 $2,365,000 $215,000 $3,200 4.56%
    READING, PA (FHA|USDA|VA) 17 $1,545,000 $90,882 $1,456 4.74%
    SALISBURY, MD-DE (FHA|USDA|VA) 8 $1,470,000 $183,750 $3,506 4.79%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,370,000 $228,333 $2,888 4.15%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 12 $1,020,000 $85,000 $2,681 4.96%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $720,000 $180,000 $2,706 4.34%
    LANCASTER, PA (FHA|USDA|VA) 5 $715,000 $143,000 $100 4.74%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $595,000 $198,333 $2,447 5.20%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $535,000 $178,333 $3,773 3.96%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $460,000 $115,000 $2,874 4.31%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $445,000 $89,000 $2,183 4.80%
    Outside of Metro Areas 2 $380,000 $190,000 $4,374 4.19%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $380,000 $190,000 $3,393 4.37%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $345,000 $345,000 $3,453 4.63%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $3,659 4.50%
    PITTSBURGH, PA (FHA|USDA|VA) 5 $195,000 $39,000 $100 5.64%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,276 4.38%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $145,000 $145,000 $2,544 3.63%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,535 3.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $105,000 $105,000 $2,624 4.38%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.24%
    LEBANON, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.99%
    Bradford, PA (FHA|USDA|VA) 1 $35,000 $35,000 $400 4.24%
    ALTOONA, PA (FHA|USDA|VA) 1 $25,000 $25,000 $100 3.74%
    Trumark Financial Credit Union's top markets include Philadelphia, Ocean City, New York, Atlantic City, and Trenton among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Similar Lenders

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

    The Neffs National Bank
    Similarity Rank: 30
    N C P D Federal Credit Union
    Similarity Rank: 55
    Iron Workers Savings Bank
    Similarity Rank: 63
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Haddon Savings Bank
    Similarity Rank: 116
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,473 $285,125,000 $193,568 $2,346 4.49%
    HELOC 1,465 $125,465,000 $85,642 n/a 4.85%
    FHA 2 $410,000 $205,000 $6,710 5.13%

    For 2018, Trumark Financial Credit Union's most frequently originated type of loan was Conventional, with 1,473 originations. Their 2nd most popular type was HELOC, with 1,465 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 960 $70,210,000 $73,135 $231 4.83%
    Other 829 $57,525,000 $69,391 $112 4.86%
    Home Purchase 575 $182,535,000 $317,452 $4,730 4.18%
    Refi 342 $46,920,000 $137,193 $1,315 4.66%
    Cash Out Refi 234 $53,810,000 $229,957 $3,521 4.51%

    For 2018, Trumark Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 960 originations. The 2nd most popular reason was Other, with 829 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 1,615 $140,195,000 $86,808 $812 4.88%
    30 Year 640 $223,940,000 $349,906 $4,732 4.08%
    10 Year 283 $17,825,000 $62,986 $190 4.61%
    5 Year 226 $13,080,000 $57,876 $118 4.21%
    20 Year 110 $11,400,000 $103,636 $939 5.96%
    Other 66 $4,560,000 $69,091 $232 4.90%

    For 2018, Trumark Financial Credit Union's most frequently cited loan duration was 15 Year, with 1,615 originations. The 2nd most popular length was 30 Year, with 640 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,146 $170,440,000 $148,726
    $1k-2k 149 $52,205,000 $350,369
    $2k-3k 49 $21,735,000 $443,571
    $3k-4k 29 $13,115,000 $452,241
    $5k+ 19 $10,525,000 $553,947
    $4k-5k 13 $5,965,000 $458,846

    Trumark Financial Credit Union's average total fees were $4,732, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,146 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,483 $173,385,000 $116,915
    3-4% 673 $169,565,000 $251,954
    5-6% 593 $50,485,000 $85,135
    6-7% 135 $7,615,000 $56,407
    7-8% 35 $1,815,000 $51,857
    2.5-3% 18 $7,980,000 $443,333
    Over 8% 2 $60,000 $30,000

    During 2018, Trumark Financial Credit Union's average interest rate for loans was 4.08%, while their most frequently originated rate bucket for loans was 4-5%, with 1,483 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,685 $78,165,000 $46,389 $278 4.89%
    $100k-200k 586 $82,410,000 $140,631 $2,123 4.68%
    $200k-400k 435 $119,255,000 $274,149 $4,158 4.26%
    $400k-600k 172 $83,050,000 $482,849 $6,073 3.82%
    $600k-1MM 52 $36,080,000 $693,846 $6,853 3.74%
    $1MM+ 10 $12,040,000 $1,204,000 $8,098 4.04%

    2018 saw Trumark Financial Credit Union place emphasis on $100,000 or less loans with 1,685 originations, totaling $78,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 779 $95,545,000 $122,651 $2,002 4.69%
    $150k-250k 591 $110,405,000 $186,810 $2,990 4.53%
    $75k-100k 470 $48,030,000 $102,191 $1,723 4.71%
    $50k-75k 464 $39,420,000 $84,957 $1,469 4.80%
    $50k or less 325 $20,385,000 $62,723 $929 4.80%
    $250k+ 251 $87,605,000 $349,024 $4,572 4.28%

    Trumark Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 779 originations. The second most popular income band? $150k-250k, with 591 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 705 $96,325,000 $136,631 $2,194 4.59%
    30-36% 498 $79,540,000 $159,719 $2,363 4.61%
    <20% 317 $41,475,000 $130,836 $2,179 4.45%
    50-60% 278 $25,420,000 $91,439 $241 4.80%
    42% 118 $21,350,000 $180,932 $3,229 4.65%
    40% 105 $20,005,000 $190,524 $3,364 4.65%
    39% 102 $16,920,000 $165,882 $2,741 4.65%
    38% 99 $14,555,000 $147,020 $2,362 4.64%
    36% 93 $14,315,000 $153,925 $2,675 4.63%
    37% 89 $13,835,000 $155,449 $2,503 4.66%
    41% 84 $14,100,000 $167,857 $2,693 4.70%
    43% 80 $8,430,000 $105,375 $1,164 4.82%
    >60% 71 $6,575,000 $92,606 $522 4.84%
    44% 44 $6,570,000 $149,318 $2,586 4.77%
    46% 43 $5,485,000 $127,558 $2,332 4.91%
    47% 43 $4,945,000 $115,000 $2,512 5.04%
    49% 42 $3,430,000 $81,667 $1,649 5.04%
    45% 40 $5,440,000 $136,000 $2,761 4.72%
    48% 34 $3,490,000 $102,647 $1,234 4.86%

    Trumark Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 705 originations. The next most common DTI ratio? 30-36%, with 498 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,349 $240,955,000 $178,617 $3,020 4.51%
    Not provided 1,292 $122,060,000 $94,474 $1,109 4.79%
    Asian 101 $23,415,000 $231,832 $3,974 4.41%
    Black 134 $13,590,000 $101,418 $1,786 5.01%
    Not applicable 37 $6,215,000 $167,973 $0 5.64%
    Asian Indian 6 $2,060,000 $343,333 $4,210 4.08%
    American Indian 9 $1,345,000 $149,444 $2,777 4.56%
    Chinese 3 $655,000 $218,333 $0 5.19%
    Native Hawaiian or Islander 6 $380,000 $63,333 $100 4.93%
    Other Asian 3 $325,000 $108,333 $2,829 4.67%

    Approval Rates

    Total approvals of all applications
    83.83%

    Trumark Financial Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.57%

    Trumark Financial Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,940 $411,000,000 $139,796

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $310,000 $155,000
    Single Family (1-4 Units):Site-Built 2,938 $410,690,000 $139,786

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 674 $66,160,000 $98,160 $687 4.80%
    40-60% 297 $53,435,000 $179,916 $2,712 4.53%
    60-80% 468 $124,930,000 $266,944 $4,122 4.49%
    80-100% 360 $116,620,000 $323,944 $4,825 4.30%
    Over 100% 1 $125,000 $125,000 $0 5.75%
    Under 20% 1,140 $49,730,000 $43,623 $142 4.81%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TriMark Financial Solutions DBA Distressed Mortgage Solutions Other type of mortgage Struggling to pay mortgage 1 100.0%