The Fountain Trust Company Mortgage Rates, Fees & Info
Covington, INLEI: 549300BM59EMYEJ5Q179
Tax ID: 35-0317770
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Fountain Trust Company is a smaller mortgage company specializing in Home Purchase loans. The Fountain Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Indianapolis, Crawfordsville, Terre Haute, and Kokomo among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)The Fountain Trust Company 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.
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Originations
192Origination Dollar Volume (All Markets)
$35,750,000Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 79 | $16,435,000 | $208,038 | $0 | 0.00% |
| Outside of Metro Areas | 48 | $8,070,000 | $168,125 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $3,090,000 | $386,250 | $0 | 0.00% |
| Crawfordsville, IN (FHA|USDA|VA) | 18 | $2,810,000 | $156,111 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 13 | $1,625,000 | $125,000 | $0 | 0.00% |
| KOKOMO, IN (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $0 | 0.00% |
| Logansport, IN (FHA|USDA|VA) | 7 | $845,000 | $120,714 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $0 | 0.00% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Fountain Trust Company 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 |
|---|---|---|---|---|---|
| Conventional | 192 | $35,750,000 | $186,198 | $0 | 0.00% |
For 2024, The Fountain Trust Company's most frequently originated type of loan was Conventional, with 192 originations.
Loan Reason
For 2024, The Fountain Trust Company's most frequently cited loan purpose was Home Purchase, with 120 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 192 | $35,750,000 | $186,198 | $0 | 0.00% |
For 2024, The Fountain Trust Company's most frequently cited loan duration was Other, with 192 originations.
Loan Sizing
2024 saw The Fountain Trust Company place emphasis on $100k-200k loans with 73 originations, totaling $10,755,000 in origination value.
Applicant Income
The Fountain Trust Company lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $100k-150k, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 192 | $35,750,000 | $186,198 | $0 | 0.00% |
The Fountain Trust Company lent most frequently to those with DTI ratios of Exempt%, with 192 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.11%
The Fountain Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination79.69%
The Fountain Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 192 | $35,750,000 | $186,198 |