Southern Trust Mortgage Rates, Fees & Info

VIRGINIA BEACH, VA

LEI: 549300FOXIQQV5UZD367

Tax ID: 54-1872422

4.9 stars - out of 5 stars, based on 89 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Southern Trust Mortgage is a small mortgage company specializing in loans. Southern Trust Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Virginia Beach, Richmond, Baltimore, Washington, and Charlotte among others. We have data for 118 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Southern Trust Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Southern Trust Mortgage 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
    30 Year Conventional Purchase 7.02% 11/26/22
    30 Year Conventional Refi 6.88% 11/26/22
    30 Year Cash-out Refi 7.04% 11/26/22
    30 Year FHA Purchase 7.85% 11/26/22
    30 Year FHA Refi 7.61% 11/26/22
    30 Year VA Purchase 6.67% 11/26/22
    30 Year VA Refi 6.25% 11/26/22
    30 Year USDA Purchase 7.10% 11/26/22
    30 Year USDA Refi 7.01% 11/26/22
    15 Year Conventional Purchase 6.18% 11/26/22
    15 Year Conventional Refi 6.21% 11/26/22
    15 Year Cash-out Refi 6.21% 11/26/22
    15 Year VA Purchase 6.80% 11/26/22
    15 Year VA Refi 6.61% 11/26/22
    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.


    Originations

    8,007

    Origination Dollar Volume (All Markets)

    $2,341,515,000

    Awards

    SOUTHERN TRUST MORTGAGE 30 Year Conventional Loans silver SOUTHERN TRUST MORTGAGE USDA Loans gold SOUTHERN TRUST MORTGAGE USDA Loans silver
    Show all (3) awards

    Relative Rate

    Southern Trust Mortgage's average 30 year fixed mortgage rate was 3.1%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.05%.

    Relative Fees (Closing Costs)

    Southern Trust Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $4,951.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1,901 $554,795,000 $291,844 $6,590 3.06%
    RICHMOND, VA (FHA|USDA|VA) 1,351 $354,965,000 $262,742 $4,630 3.15%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 993 $331,355,000 $333,691 $3,623 3.07%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 449 $189,545,000 $422,149 $4,452 2.98%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 625 $164,845,000 $263,752 $3,668 3.03%
    FAYETTEVILLE, NC (FHA|USDA|VA) 494 $105,080,000 $212,713 $5,697 3.01%
    RALEIGH-CARY, NC (FHA|USDA|VA) 281 $84,595,000 $301,050 $3,892 2.96%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 214 $69,560,000 $325,047 $3,115 3.04%
    Outside of Metro Areas 259 $61,225,000 $236,390 $4,001 3.10%
    Kill Devil Hills, NC (FHA|USDA|VA) 130 $54,090,000 $416,077 $4,387 3.23%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 114 $35,130,000 $308,158 $3,933 2.94%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 95 $29,295,000 $308,368 $4,992 3.16%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 65 $22,595,000 $347,615 $7,554 2.74%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 68 $20,170,000 $296,618 $4,863 3.09%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 68 $19,610,000 $288,382 $3,735 2.93%
    JACKSONVILLE, FL (FHA|USDA|VA) 51 $17,835,000 $349,706 $5,581 3.20%
    YORK-HANOVER, PA (FHA|USDA|VA) 45 $12,205,000 $271,222 $5,233 3.16%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 34 $11,920,000 $350,588 $5,897 3.18%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 42 $9,930,000 $236,429 $2,829 3.02%
    Cambridge, MD (FHA|USDA|VA) 38 $9,680,000 $254,737 $5,336 3.22%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 36 $9,610,000 $266,944 $3,355 2.97%
    SALISBURY, MD-DE (FHA|USDA|VA) 32 $7,470,000 $233,438 $2,912 3.10%
    Albemarle, NC (FHA|USDA|VA) 37 $7,175,000 $193,919 $4,002 3.01%
    Elizabeth City, NC (FHA|USDA|VA) 27 $7,105,000 $263,148 $5,392 3.13%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 16 $6,820,000 $426,250 $4,503 3.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 13 $6,635,000 $510,385 $4,421 3.17%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 48 $6,340,000 $132,083 $2,904 3.14%
    WINSTON-SALEM, NC (FHA|USDA|VA) 27 $6,335,000 $234,630 $4,129 3.00%
    WILMINGTON, NC (FHA|USDA|VA) 23 $6,305,000 $274,130 $4,500 3.05%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 13 $5,175,000 $398,077 $4,151 2.96%
    Easton, MD (FHA|USDA|VA) 14 $5,090,000 $363,571 $2,365 3.22%
    Sanford, NC (FHA|USDA|VA) 18 $4,710,000 $261,667 $4,436 2.74%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 22 $4,680,000 $212,727 $2,928 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 17 $4,305,000 $253,235 $5,436 3.38%
    JACKSONVILLE, NC (FHA|USDA|VA) 15 $4,145,000 $276,333 $6,350 2.91%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 16 $3,880,000 $242,500 $3,008 3.11%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 10 $3,700,000 $370,000 $6,613 3.00%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 12 $3,660,000 $305,000 $3,587 2.93%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $3,645,000 $331,364 $6,462 3.02%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $3,510,000 $438,750 $5,699 3.17%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $3,365,000 $673,000 $4,255 2.80%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 11 $3,065,000 $278,636 $5,487 3.13%
    COLUMBIA, SC (FHA|USDA|VA) 9 $2,985,000 $331,667 $4,694 2.94%
    ASHEVILLE, NC (FHA|USDA|VA) 12 $2,870,000 $239,167 $4,484 2.97%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $2,750,000 $458,333 $4,854 3.02%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 9 $2,485,000 $276,111 $4,182 2.92%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $2,470,000 $617,500 $7,542 3.09%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 10 $2,290,000 $229,000 $5,954 3.30%
    Georgetown, SC (FHA|USDA|VA) 8 $2,280,000 $285,000 $5,489 2.63%
    BURLINGTON, NC (FHA|USDA|VA) 9 $2,115,000 $235,000 $3,025 2.79%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $2,105,000 $300,714 $3,626 2.86%
    LYNCHBURG, VA (FHA|USDA|VA) 7 $1,645,000 $235,000 $4,514 3.21%
    ROANOKE, VA (FHA|USDA|VA) 4 $1,630,000 $407,500 $4,184 2.91%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,620,000 $270,000 $7,696 2.73%
    Morehead City, NC (FHA|USDA|VA) 6 $1,530,000 $255,000 $5,728 2.79%
    COLUMBUS, GA-AL (FHA|USDA|VA) 9 $1,465,000 $162,778 $2,663 3.18%
    ROCKY MOUNT, NC (FHA|USDA|VA) 6 $1,440,000 $240,000 $3,587 2.98%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 4 $1,340,000 $335,000 $9,122 3.31%
    GETTYSBURG, PA (FHA|USDA|VA) 4 $1,310,000 $327,500 $6,754 3.06%
    Lumberton, NC (FHA|USDA|VA) 7 $1,295,000 $185,000 $4,827 3.09%
    Greenwood, SC (FHA|USDA|VA) 7 $1,275,000 $182,143 $2,039 2.82%
    Boone, NC (FHA|USDA|VA) 3 $1,265,000 $421,667 $5,192 3.17%
    Rockingham, NC (FHA|USDA|VA) 7 $1,215,000 $173,571 $5,718 3.23%
    Forest City, NC (FHA|USDA|VA) 4 $1,190,000 $297,500 $4,889 3.09%
    NEW BERN, NC (FHA|USDA|VA) 5 $1,185,000 $237,000 $4,871 2.73%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,165,000 $388,333 $4,009 2.92%
    DOVER, DE (FHA|USDA|VA) 3 $1,135,000 $378,333 $1,205 3.08%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $1,105,000 $368,333 $16,375 2.88%
    Laurinburg, NC (FHA|USDA|VA) 6 $1,040,000 $173,333 $6,928 3.19%
    GREENVILLE, NC (FHA|USDA|VA) 5 $965,000 $193,000 $3,847 3.10%
    SPARTANBURG, SC (FHA|USDA|VA) 6 $960,000 $160,000 $5,746 3.19%
    GOLDSBORO, NC (FHA|USDA|VA) 5 $935,000 $187,000 $4,997 3.20%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $915,000 $305,000 $3,408 3.04%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $905,000 $301,667 $3,545 3.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $865,000 $288,333 $4,141 2.88%
    OCALA, FL (FHA|USDA|VA) 4 $810,000 $202,500 $3,534 3.19%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $770,000 $385,000 $5,219 2.88%
    Roanoke Rapids, NC (FHA|USDA|VA) 5 $725,000 $145,000 $4,214 3.05%
    Key West, FL (FHA|USDA|VA) 1 $625,000 $625,000 $9,772 2.75%
    HARRISONBURG, VA (FHA|USDA|VA) 3 $615,000 $205,000 $1,747 2.83%
    Henderson, NC (FHA|USDA|VA) 1 $545,000 $545,000 $12,945 2.63%
    WINCHESTER, VA-WV (FHA|USDA|VA) 3 $545,000 $181,667 $912 3.29%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $535,000 $178,333 $3,025 3.13%
    COLUMBUS, OH (FHA|USDA|VA) 2 $520,000 $260,000 $3,241 3.19%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $455,000 $455,000 $3,016 2.50%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $450,000 $225,000 $1,427 2.75%
    SAVANNAH, GA (FHA|USDA|VA) 2 $430,000 $215,000 $6,935 3.19%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $405,000 $405,000 $5,083 2.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $20,431 2.25%
    READING, PA (FHA|USDA|VA) 1 $385,000 $385,000 $4,555 3.25%
    Kinston, NC (FHA|USDA|VA) 2 $350,000 $175,000 $2,385 2.50%
    Brevard, NC (FHA|USDA|VA) 1 $345,000 $345,000 $4,181 3.00%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $335,000 $111,667 $1,465 3.08%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $335,000 $335,000 $7,213 3.13%
    SUMTER, SC (FHA|USDA|VA) 2 $330,000 $165,000 $3,514 3.13%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $315,000 $315,000 $6,004 2.75%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $310,000 $155,000 $4,788 4.38%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,675 3.13%
    LANCASTER, PA (FHA|USDA|VA) 1 $305,000 $305,000 $4,361 2.88%
    CLEVELAND, TN (FHA|USDA|VA) 1 $285,000 $285,000 $4,480 2.75%
    JACKSON, TN (FHA|USDA|VA) 2 $250,000 $125,000 $1,748 2.75%
    FLORENCE, SC (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.50%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $225,000 $225,000 $6,022 3.50%
    Danville, VA (FHA|USDA|VA) 1 $225,000 $225,000 $3,890 3.50%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $195,000 $195,000 $7,256 2.75%
    TOLEDO, OH (FHA|USDA|VA) 1 $195,000 $195,000 $3,626 3.25%
    Vidalia, GA (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.00%
    Americus, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,959 3.38%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.25%
    Union City, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,027 2.75%
    ALBANY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $5,844 3.13%
    Marion, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,222 3.50%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,519 3.25%
    Mount Airy, NC (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.88%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,158 2.88%
    Somerset, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.75%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $115,000 $115,000 $6,412 2.88%
    Wilson, NC (FHA|USDA|VA) 1 $115,000 $115,000 $4,834 2.75%
    Southern Trust Mortgage's top markets include Virginia Beach, Richmond, Baltimore, Washington, and Charlotte among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

    POINT BREEZE
    Similarity Rank: 63
    Foote Capital Mortgage Company
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    Louviers Federal Credit Union
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    HENRICO Federal Credit Union
    Similarity Rank: 420
    BHCU
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    Piedmont Federal Savings Bank
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    ABNB Federal Credit Union
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    Cedar Point Federal Credit Union
    Similarity Rank: 546
    Hebron Savings Bank
    Similarity Rank: 676

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,466 $1,600,260,000 $292,766 $3,632 3.13%
    VA 1,302 $432,910,000 $332,496 $8,217 2.76%
    FHA 1,036 $261,870,000 $252,770 $7,093 3.14%
    USDA 203 $46,475,000 $228,941 $4,775 2.91%

    For 2021, Southern Trust Mortgage's most frequently originated type of loan was Conventional, with 5,466 originations. Their 2nd most popular type was VA, with 1,302 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,554 $1,641,290,000 $295,515 $5,500 3.11%
    Refi 1,593 $454,975,000 $285,609 $3,141 2.87%
    Cash Out Refi 789 $227,495,000 $288,333 $3,913 3.14%
    Other 71 $17,755,000 $250,070 $3,294 3.18%

    For 2021, Southern Trust Mortgage's most frequently cited loan purpose was Home Purchase, with 5,554 originations. The 2nd most popular reason was Refi, with 1,593 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,293 $2,163,215,000 $296,615 $4,951 3.10%
    15 Year 466 $111,540,000 $239,356 $2,858 2.55%
    20 Year 168 $48,230,000 $287,083 $7,040 2.95%
    Other 46 $12,730,000 $276,739 $3,830 3.02%
    10 Year 34 $5,800,000 $170,588 $2,216 2.43%

    For 2021, Southern Trust Mortgage's most frequently cited loan duration was 30 Year, with 7,293 originations. The 2nd most popular length was 15 Year, with 466 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,707 $1,057,355,000 $285,232
    $<1k 2,487 $728,815,000 $293,050
    $2k-3k 811 $214,075,000 $263,964
    $3k-4k 503 $145,755,000 $289,771
    $5k+ 256 $113,560,000 $443,594
    $4k-5k 243 $81,955,000 $337,263

    Southern Trust Mortgage's average total fees were $4,951, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,707 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,824 $1,056,710,000 $276,336
    2.5-3% 3,412 $1,063,130,000 $311,586
    <2.5% 677 $198,075,000 $292,578
    4-5% 94 $23,600,000 $251,064

    During 2021, Southern Trust Mortgage's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 3,824 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,366 $1,251,170,000 $286,571 $5,087 3.04%
    $100k-200k 1,724 $273,800,000 $158,817 $3,791 3.11%
    $400k-600k 1,226 $583,610,000 $476,028 $6,249 3.02%
    $100,000 or less 428 $17,490,000 $40,864 $1,428 3.28%
    $600k-1MM 227 $167,765,000 $739,053 $7,168 2.97%
    $1MM+ 36 $47,680,000 $1,324,444 $6,237 3.02%

    2021 saw Southern Trust Mortgage place emphasis on $200k-400k loans with 4,366 originations, totaling $1,251,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,007 $462,495,000 $230,441 $4,779 3.09%
    $100k-150k 1,641 $540,755,000 $329,528 $5,604 3.07%
    $75k-100k 1,500 $415,350,000 $276,900 $4,972 3.09%
    $50k or less 1,310 $246,980,000 $188,534 $4,011 2.99%
    $150k-250k 1,090 $440,330,000 $403,972 $4,909 3.06%
    $250k+ 428 $224,260,000 $523,972 $4,582 3.11%

    Southern Trust Mortgage lent most frequently to those with incomes in the $50k-75k range, with 2,007 originations. The second most popular income band? $100k-150k, with 1,641 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,577 $473,895,000 $300,504 $4,473 3.03%
    30-36% 1,458 $416,800,000 $285,871 $4,338 3.09%
    <20% 547 $153,565,000 $280,740 $3,748 2.96%
    44% 388 $109,210,000 $281,469 $5,201 3.15%
    42% 372 $112,510,000 $302,446 $5,223 3.12%
    41% 343 $99,685,000 $290,627 $6,389 3.17%
    38% 329 $96,405,000 $293,024 $4,764 3.11%
    39% 319 $90,875,000 $284,875 $4,622 3.13%
    40% 315 $90,595,000 $287,603 $4,693 3.16%
    43% 313 $85,585,000 $273,435 $4,786 3.13%
    37% 280 $80,270,000 $286,679 $4,714 3.18%
    36% 275 $74,215,000 $269,873 $4,183 3.14%
    49% 235 $67,655,000 $287,894 $5,586 3.06%
    45% 219 $65,175,000 $297,603 $5,695 3.05%
    47% 211 $64,065,000 $303,626 $5,843 3.03%
    50-60% 207 $67,315,000 $325,193 $8,279 2.99%
    46% 202 $62,790,000 $310,842 $5,898 3.06%
    48% 199 $63,675,000 $319,975 $6,528 3.06%
    >60% 3 $1,505,000 $501,667 $9,913 3.33%

    Southern Trust Mortgage lent most frequently to those with DTI ratios of 20-30%, with 1,577 originations. The next most common DTI ratio? 30-36%, with 1,458 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,469 $1,633,005,000 $298,593 $4,650 3.06%
    Not provided 1,144 $331,860,000 $290,087 $4,815 3.06%
    Black 942 $244,520,000 $259,575 $5,386 3.13%
    Asian 362 $103,690,000 $286,436 $6,519 3.03%
    American Indian 45 $12,575,000 $279,444 $5,132 3.09%
    Asian Indian 14 $7,120,000 $508,571 $4,316 3.15%
    Native Hawaiian or Islander 11 $3,035,000 $275,909 $7,053 2.99%
    Filipino 9 $2,665,000 $296,111 $6,770 3.00%
    Other Asian 5 $1,375,000 $275,000 $7,195 3.20%
    Other Pacific Islander 4 $1,000,000 $250,000 $6,210 2.97%
    Korean 1 $425,000 $425,000 $4,378 3.25%
    Vietnamese 1 $245,000 $245,000 $3,440 3.25%

    Approval Rates

    Total approvals of all applications
    96.69%

    Southern Trust Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    79.16%

    Southern Trust Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,007 $2,341,515,000 $292,433

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    8,007 $2,341,515,000 $292,433

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 157 $30,795,000 $196,146 $2,608 2.86%
    40-60% 693 $181,665,000 $262,143 $3,185 2.90%
    60-80% 2,127 $663,295,000 $311,845 $3,680 3.11%
    80-100% 4,366 $1,319,530,000 $302,229 $5,351 3.08%
    Over 100% 412 $142,040,000 $344,757 $12,107 2.86%
    Under 20% 252 $4,190,000 $16,627 $305 3.29%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SOUTHERN TRUST MORTGAGE LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%