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
  • 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 Improvement and 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, Atlantic City, Allentown, and Reading among others. We have data for 32 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 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.

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    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

    2,943

    Origination Dollar Volume (All Markets)

    $401,775,000
    Show all (7) 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) 2,771 $369,035,000 $133,178 $2,749 4.90%
    OCEAN CITY, NJ (FHA|USDA|VA) 37 $9,195,000 $248,514 $3,905 4.41%
    Outside of Metro Areas 16 $4,300,000 $268,750 $5,128 4.06%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 18 $4,200,000 $233,333 $3,415 4.25%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 18 $3,470,000 $192,778 $5,350 4.71%
    READING, PA (FHA|USDA|VA) 16 $2,500,000 $156,250 $2,621 4.56%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 9 $2,075,000 $230,556 $3,881 4.95%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 18 $1,790,000 $99,444 $2,481 4.83%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $995,000 $331,667 $4,597 3.75%
    SALISBURY, MD-DE (FHA|USDA|VA) 3 $765,000 $255,000 $3,098 3.46%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,835 3.88%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $275,000 $275,000 $2,893 3.88%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $250,000 $125,000 $5,977 4.50%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $240,000 $120,000 $100 5.04%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $240,000 $60,000 $2,607 4.31%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,273 3.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.99%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $205,000 $68,333 $0 4.91%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    DOVER, DE (FHA|USDA|VA) 3 $175,000 $58,333 $2,923 5.16%
    STATE COLLEGE, PA (FHA|USDA|VA) 2 $170,000 $85,000 $3,401 4.62%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $155,000 $155,000 $2,621 5.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $125,000 $125,000 $2,650 3.13%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,019 3.25%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,025 3.13%
    LANCASTER, PA (FHA|USDA|VA) 2 $90,000 $45,000 $0 5.24%
    Key West, FL (FHA|USDA|VA) 1 $75,000 $75,000 $100 5.24%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.99%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $70,000 $35,000 $100 6.37%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $65,000 $65,000 $100 4.74%
    Bradford, PA (FHA|USDA|VA) 1 $55,000 $55,000 $100 5.24%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $25,000 $25,000 $100 4.49%
    Trumark Financial Credit Union's top markets include Philadelphia, Ocean City, Atlantic City, Allentown, and Reading among others.

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

    N C P D Federal Credit Union
    Similarity Rank: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Union County Savings Bank
    Similarity Rank: 150
    Prudential Bank
    Similarity Rank: 162
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Calvin B. Taylor Banking Company of Berlin, Maryland
    Similarity Rank: 204
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,780 $162,770,000 $91,444 n/a 5.28%
    Conventional 1,149 $236,305,000 $205,661 $2,773 4.24%
    FHA 13 $2,475,000 $190,385 $6,932 4.30%
    VA 1 $225,000 $225,000 $3,826 4.00%

    For 2019, Trumark Financial Credit Union's most frequently originated type of loan was HELOC, with 1,780 originations. Their 2nd most popular type was Conventional, with 1,149 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,185 $100,985,000 $85,219 $918 5.19%
    Other 640 $50,760,000 $79,313 $100 5.28%
    Home Purchase 465 $124,175,000 $267,043 $4,616 4.14%
    Refi 432 $70,170,000 $162,431 $2,616 4.56%
    Cash Out Refi 221 $55,685,000 $251,968 $3,867 4.12%

    For 2019, Trumark Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 1,185 originations. The 2nd most popular reason was Other, with 640 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 1,944 $187,510,000 $96,456 $1,803 5.20%
    30 Year 584 $176,000,000 $301,370 $4,479 3.89%
    5 Year 149 $13,865,000 $93,054 $99 4.54%
    10 Year 140 $9,890,000 $70,643 $377 4.76%
    20 Year 84 $11,690,000 $139,167 $1,590 4.91%
    Other 42 $2,820,000 $67,143 $121 5.09%

    For 2019, Trumark Financial Credit Union's most frequently cited loan duration was 15 Year, with 1,944 originations. The 2nd most popular length was 30 Year, with 584 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 864 $144,840,000 $167,639
    $1k-2k 150 $47,510,000 $316,733
    $2k-3k 36 $14,620,000 $406,111
    $3k-4k 21 $7,885,000 $375,476
    $5k+ 15 $6,505,000 $433,667
    $4k-5k 11 $3,925,000 $356,818

    Trumark Financial Credit Union's average total fees were $4,479, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 864 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,453 $172,055,000 $118,414
    5-6% 645 $49,595,000 $76,891
    3-4% 488 $144,170,000 $295,430
    6-7% 151 $9,365,000 $62,020
    7-8% 89 $5,275,000 $59,270
    2.5-3% 50 $12,730,000 $254,600
    Over 8% 29 $1,525,000 $52,586

    During 2019, Trumark Financial Credit Union's average interest rate for loans was 3.89%, while their most frequently originated rate bucket for loans was 4-5%, with 1,453 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,544 $76,170,000 $49,333 $388 5.30%
    $100k-200k 686 $95,450,000 $139,140 $2,634 4.73%
    $200k-400k 560 $150,730,000 $269,161 $4,070 4.17%
    $400k-600k 124 $59,200,000 $477,419 $6,033 3.73%
    $600k-1MM 28 $19,100,000 $682,143 $6,858 3.94%
    $1MM+ 1 $1,125,000 $1,125,000 $5,684 3.50%

    2019 saw Trumark Financial Credit Union place emphasis on $100,000 or less loans with 1,544 originations, totaling $76,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 762 $111,640,000 $146,509 $2,992 4.80%
    $150k-250k 601 $100,845,000 $167,795 $3,098 4.78%
    $75k-100k 497 $55,815,000 $112,304 $2,414 4.91%
    $50k-75k 457 $42,315,000 $92,593 $2,176 4.97%
    $50k or less 354 $26,400,000 $74,576 $1,624 5.18%
    $250k+ 205 $52,965,000 $258,366 $4,801 4.60%

    Trumark Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 762 originations. The second most popular income band? $150k-250k, with 601 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 701 $93,135,000 $132,860 $2,734 4.76%
    30-36% 507 $76,725,000 $151,331 $3,118 4.81%
    <20% 302 $38,060,000 $126,026 $2,333 4.70%
    50-60% 264 $26,700,000 $101,136 $3,689 5.07%
    40% 113 $20,625,000 $182,522 $3,285 4.95%
    39% 100 $12,950,000 $129,500 $2,639 5.19%
    37% 92 $13,000,000 $141,304 $2,692 4.96%
    42% 89 $14,765,000 $165,899 $3,024 4.98%
    41% 89 $11,715,000 $131,629 $2,089 4.92%
    36% 86 $11,670,000 $135,698 $2,585 4.92%
    43% 82 $11,070,000 $135,000 $2,457 4.93%
    38% 80 $12,600,000 $157,500 $3,332 4.89%
    45% 69 $9,375,000 $135,870 $3,003 4.85%
    44% 58 $6,340,000 $109,310 $2,860 5.14%
    48% 58 $7,740,000 $133,448 $4,088 4.91%
    46% 56 $7,330,000 $130,893 $3,361 4.86%
    47% 53 $7,575,000 $142,925 $3,371 4.89%
    49% 50 $5,680,000 $113,600 $2,763 4.96%
    >60% 31 $3,165,000 $102,097 $1,381 5.29%

    Trumark Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 701 originations. The next most common DTI ratio? 30-36%, with 507 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,988 $280,720,000 $141,207 $2,684 4.76%
    Not provided 432 $52,420,000 $121,343 $3,248 5.09%
    Black 317 $30,085,000 $94,905 $2,524 5.40%
    Asian 131 $24,585,000 $187,672 $4,178 4.73%
    Not applicable 50 $9,010,000 $180,200 $0 5.24%
    Asian Indian 8 $2,480,000 $310,000 $6,040 3.47%
    American Indian 9 $925,000 $102,778 $1,582 5.13%
    Other Asian 1 $585,000 $585,000 $5,096 3.63%
    Chinese 1 $495,000 $495,000 $4,322 3.50%
    Native Hawaiian or Islander 6 $470,000 $78,333 $100 5.32%

    Approval Rates

    Total approvals of all applications
    85.24%

    Trumark Financial Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.82%

    Trumark Financial Credit Union 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 2,943 $401,775,000 $136,519

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 2,943 $401,775,000 $136,519

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 706 $68,450,000 $96,955 $852 5.10%
    40-60% 367 $62,095,000 $169,196 $2,792 4.69%
    60-80% 542 $129,240,000 $238,450 $3,773 4.37%
    80-100% 333 $94,495,000 $283,769 $4,823 4.29%
    Under 20% 991 $46,965,000 $47,392 $216 5.25%