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

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  • 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 Improvement, Refi, and Cash Out Refi loans. Trumark Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, New York, Atlantic City, and Salisbury among others. We have data for 36 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 5.60% 4/21/24
    30 Year Conventional Refi 5.85% 4/21/24
    30 Year Cash-out Refi 5.89% 4/21/24
    30 Year FHA Purchase 7.64% 4/21/24
    15 Year Conventional Purchase 6.03% 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.

    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

    3,874

    Origination Dollar Volume (All Markets)

    $661,940,000
    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) 3,578 $596,770,000 $166,789 $3,793 3.37%
    OCEAN CITY, NJ (FHA|USDA|VA) 68 $19,980,000 $293,824 $3,988 3.09%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 35 $10,965,000 $313,286 $4,202 3.06%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 30 $9,840,000 $328,000 $4,143 3.11%
    SALISBURY, MD-DE (FHA|USDA|VA) 18 $3,780,000 $210,000 $3,688 2.98%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 23 $3,195,000 $138,913 $3,647 3.15%
    Outside of Metro Areas 24 $2,940,000 $122,500 $1,441 3.63%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $2,525,000 $360,714 $4,071 2.98%
    READING, PA (FHA|USDA|VA) 20 $1,970,000 $98,500 $3,212 3.46%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 9 $1,585,000 $176,111 $4,172 3.32%
    LANCASTER, PA (FHA|USDA|VA) 9 $1,375,000 $152,778 $6,229 3.22%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $955,000 $955,000 $5,651 2.75%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $830,000 $415,000 $2,748 3.13%
    PITTSBURGH, PA (FHA|USDA|VA) 8 $550,000 $68,750 $100 3.65%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $465,000 $155,000 $2,814 3.79%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $450,000 $112,500 $2,901 2.81%
    STATE COLLEGE, PA (FHA|USDA|VA) 2 $400,000 $200,000 $3,552 2.31%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $395,000 $395,000 $2,924 3.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $360,000 $180,000 $2,933 2.81%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $360,000 $180,000 $3,228 2.44%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $325,000 $108,333 $0 3.49%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 6 $300,000 $50,000 $100 3.87%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $270,000 $135,000 $0 3.49%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $250,000 $125,000 $2,214 2.75%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $195,000 $195,000 $2,653 2.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $170,000 $85,000 $1,951 2.93%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,213 3.00%
    Pottsville, PA (FHA|USDA|VA) 2 $120,000 $60,000 $0 3.24%
    LEBANON, PA (FHA|USDA|VA) 1 $95,000 $95,000 $2,823 2.75%
    Mount Airy, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,837 3.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.49%
    Sunbury, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.74%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $50,000 $25,000 $100 4.99%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.99%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.24%
    DOVER, DE (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.24%
    Trumark Financial Credit Union's top markets include Philadelphia, Ocean City, New York, Atlantic City, and Salisbury among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (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: 102
    Schuyler Savings Bank
    Similarity Rank: 352
    Louviers Federal Credit Union
    Similarity Rank: 410
    BHCU
    Similarity Rank: 504
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652
    Hebron Savings Bank
    Similarity Rank: 676
    The First National Bank of Long Island
    Similarity Rank: 748
    The Atlantic Federal Credit Union
    Similarity Rank: 882
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 1064
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1092

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,486 $277,310,000 $111,549 n/a 3.52%
    Conventional 1,388 $384,630,000 $277,111 $3,789 3.06%

    For 2021, Trumark Financial Credit Union's most frequently originated type of loan was HELOC, with 2,486 originations. Their 2nd most popular type was Conventional, with 1,388 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,702 $179,080,000 $105,217 $365 3.56%
    Refi 688 $164,560,000 $239,186 $3,790 3.00%
    Other 656 $73,150,000 $111,509 $1,676 3.61%
    Cash Out Refi 461 $141,185,000 $306,258 $4,315 2.85%
    Home Purchase 367 $103,965,000 $283,283 $4,832 3.23%

    For 2021, Trumark Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 1,702 originations. The 2nd most popular reason was Refi, with 688 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 2,776 $342,620,000 $123,422 $3,213 3.44%
    30 Year 748 $263,050,000 $351,671 $4,735 2.91%
    10 Year 167 $27,935,000 $167,275 $1,755 3.67%
    20 Year 114 $24,400,000 $214,035 $3,007 3.39%
    5 Year 48 $2,030,000 $42,292 $100 4.00%
    Other 21 $1,905,000 $90,714 $373 4.09%

    For 2021, Trumark Financial Credit Union's most frequently cited loan duration was 15 Year, with 2,776 originations. The 2nd most popular length was 30 Year, with 748 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,006 $235,310,000 $233,907
    $1k-2k 201 $80,355,000 $399,776
    $5k+ 53 $27,195,000 $513,113
    $2k-3k 33 $13,565,000 $411,061
    $3k-4k 13 $5,305,000 $408,077
    $4k-5k 13 $6,155,000 $473,462

    Trumark Financial Credit Union's average total fees were $4,735, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,006 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,605 $334,735,000 $128,497
    2.5-3% 457 $152,815,000 $334,387
    <2.5% 450 $140,540,000 $312,311
    4-5% 238 $26,160,000 $109,916
    5-6% 83 $5,405,000 $65,120
    6-7% 37 $2,075,000 $56,081
    7-8% 4 $210,000 $52,500

    During 2021, Trumark Financial Credit Union's average interest rate for loans was 2.91%, while their most frequently originated rate bucket for loans was 3-4%, with 2,605 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,621 $89,975,000 $55,506 $834 3.68%
    $100k-200k 1,076 $151,600,000 $140,892 $2,831 3.30%
    $200k-400k 812 $220,880,000 $272,020 $3,912 3.02%
    $400k-600k 268 $130,110,000 $485,485 $6,191 2.83%
    $600k-1MM 91 $62,325,000 $684,890 $7,266 2.81%
    $1MM+ 6 $7,050,000 $1,175,000 $6,245 2.77%

    2021 saw Trumark Financial Credit Union place emphasis on $100,000 or less loans with 1,621 originations, totaling $89,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,052 $164,190,000 $156,074 $3,457 3.36%
    $150k-250k 984 $187,300,000 $190,346 $4,027 3.33%
    $75k-100k 584 $74,140,000 $126,952 $3,314 3.42%
    $50k-75k 478 $55,020,000 $115,105 $3,001 3.40%
    $250k+ 474 $145,540,000 $307,046 $5,445 3.17%
    $50k or less 233 $20,425,000 $87,661 $2,664 3.41%

    Trumark Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,052 originations. The second most popular income band? $150k-250k, with 984 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 957 $174,815,000 $182,670 $3,860 3.27%
    30-36% 678 $121,100,000 $178,614 $3,808 3.36%
    <20% 477 $90,605,000 $189,948 $3,729 3.14%
    50-60% 410 $51,070,000 $124,561 $3,173 3.44%
    40% 127 $23,375,000 $184,055 $4,047 3.48%
    42% 116 $21,520,000 $185,517 $4,018 3.42%
    36% 112 $18,230,000 $162,768 $3,495 3.27%
    41% 109 $18,305,000 $167,936 $3,335 3.42%
    39% 104 $16,710,000 $160,673 $3,426 3.42%
    37% 102 $15,370,000 $150,686 $3,173 3.56%
    38% 102 $19,400,000 $190,196 $4,513 3.33%
    43% 102 $16,190,000 $158,725 $3,696 3.54%
    44% 90 $16,150,000 $179,444 $4,166 3.51%
    45% 80 $11,550,000 $144,375 $4,641 3.62%
    47% 71 $11,455,000 $161,338 $3,578 3.38%
    49% 71 $8,715,000 $122,746 $3,072 3.36%
    48% 62 $8,060,000 $130,000 $3,328 3.42%
    46% 60 $7,690,000 $128,167 $3,263 3.36%
    >60% 6 $1,720,000 $286,667 $0 4.02%

    Trumark Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 957 originations. The next most common DTI ratio? 30-36%, with 678 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,845 $505,615,000 $177,721 $3,809 3.28%
    Not provided 421 $73,885,000 $175,499 $4,144 3.40%
    Black 330 $32,250,000 $97,727 $2,657 3.80%
    Asian 166 $28,590,000 $172,229 $3,985 3.36%
    Not applicable 38 $9,910,000 $260,789 $0 4.35%
    Asian Indian 28 $4,510,000 $161,071 $2,844 3.24%
    American Indian 27 $3,505,000 $129,815 $2,876 3.56%
    Filipino 3 $995,000 $331,667 $5,818 3.04%
    Other Asian 4 $940,000 $235,000 $3,537 2.94%
    Native Hawaiian or Islander 6 $660,000 $110,000 $0 3.41%
    Chinese 2 $390,000 $195,000 $3,045 3.94%
    Vietnamese 2 $280,000 $140,000 $0 4.50%
    Japanese 1 $205,000 $205,000 $2,827 2.50%
    Korean 1 $205,000 $205,000 $3,325 2.63%

    Approval Rates

    Total approvals of all applications
    87.65%

    Trumark Financial Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.65%

    Trumark Financial Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,874 $661,940,000 $170,867

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,874 $661,940,000 $170,867

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 969 $127,045,000 $131,109 $2,650 3.45%
    40-60% 566 $126,820,000 $224,064 $3,525 3.08%
    60-80% 804 $242,180,000 $301,219 $4,434 3.11%
    80-100% 275 $89,255,000 $324,564 $5,360 3.09%
    Under 20% 1,260 $76,640,000 $60,825 $266 3.62%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Tri-Emerald Financial Group, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Tri-Emerald Financial Group, Inc. Conventional home mortgage Closing on a mortgage 1 50.0%