Trumark Financial Credit Union Mortgage Rates, Fees & Info
Fort Washington, PALEI: 54930062IKKOJW3K8L94
Tax ID: 23-1357086
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Mortgage Data
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, New York, Ocean City, Atlantic City, and Allentown among others. We have data for 40 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/28/24 |
| 30 Year Conventional Purchase | 5.60% | 4/28/24 |
| 30 Year Conventional Refi | 5.85% | 4/28/24 |
| 30 Year Cash-out Refi | 5.89% | 4/28/24 |
| 30 Year FHA Purchase | 7.64% | 4/28/24 |
| 15 Year Conventional Purchase | 6.03% | 4/28/24 |
| 15 Year Conventional Refi | 6.03% | 4/28/24 |
| 15 Year Cash-out Refi | 6.03% | 4/28/24 |
| 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. | ||
Trumark Financial Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,279Origination Dollar Volume (All Markets)
$539,015,000Awards
TRUMARK FINANCIAL CREDIT UNION - 2022
TRUMARK FINANCIAL CREDIT UNION is a 2022 , due to their low .
For 2022, 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2,969 | $468,915,000 | $157,937 | $3,861 | 4.52% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 59 | $18,105,000 | $306,864 | $7,997 | 4.50% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 58 | $15,740,000 | $271,379 | $5,559 | 4.35% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 26 | $7,620,000 | $293,077 | $5,439 | 4.41% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 26 | $5,090,000 | $195,769 | $5,679 | 4.13% |
| READING, PA (FHA|USDA|VA) | 20 | $3,340,000 | $167,000 | $4,921 | 4.47% |
| Outside of Metro Areas | 18 | $2,490,000 | $138,333 | $3,520 | 3.97% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 13 | $2,365,000 | $181,923 | $7,495 | 4.40% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 9 | $1,925,000 | $213,889 | $4,944 | 4.18% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 10 | $1,880,000 | $188,000 | $4,429 | 4.76% |
| LANCASTER, PA (FHA|USDA|VA) | 9 | $1,445,000 | $160,556 | $3,814 | 3.99% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $4,607 | 5.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $2,695 | 3.75% |
| DOVER, DE (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $3,291 | 4.18% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,352 | 3.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $0 | 3.74% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,834 | 3.54% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $3,218 | 3.78% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,883 | 4.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $3,444 | 4.74% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 4.62% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $100 | 3.99% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,875 | 4.63% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $2,748 | 3.66% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,370 | 3.63% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,130 | 4.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,708 | 4.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,396 | 5.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,617 | 3.38% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,441 | 6.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,440 | 5.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,209 | 3.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,197 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.99% |
| Lake City, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.74% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.24% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $100 | 4.74% |
| Bradford, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.74% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $100 | 3.74% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 2,296 | $267,780,000 | $116,629 | n/a | 4.57% |
| Conventional | 982 | $271,160,000 | $276,130 | $4,094 | 4.33% |
| FHA | 1 | $75,000 | $75,000 | $4,782 | 7.25% |
For 2022, Trumark Financial Credit Union's most frequently originated type of loan was HELOC, with 2,296 originations. Their 2nd most popular type was Conventional, with 982 originations.
Loan Reason
For 2022, Trumark Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 1,586 originations. The 2nd most popular reason was Other, with 684 originations.
Loan Duration/Length
For 2022, Trumark Financial Credit Union's most frequently cited loan duration was 15 Year, with 2,379 originations. The 2nd most popular length was 30 Year, with 609 originations.
Origination Fees/Closing Costs
Trumark Financial Credit Union's average total fees were $5,890, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 574 originations.
Interest Rates
During 2022, Trumark Financial Credit Union's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 3-4%, with 967 originations.
Loan Sizing
2022 saw Trumark Financial Credit Union place emphasis on $100,000 or less loans with 1,462 originations, totaling $78,260,000 in origination value.
Applicant Income
Trumark Financial Credit Union lent most frequently to those with incomes in the $150k-250k range, with 915 originations. The second most popular income band? $100k-150k, with 880 originations.
Applicant Debt to Income Ratio
Trumark Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 683 originations. The next most common DTI ratio? 30-36%, with 554 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.30%
Trumark Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination64.90%
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 | 3,279 | $539,015,000 | $164,384 |