Southern Trust Mortgage Rates, Fees & Info
VIRGINIA BEACH, VALEI: 549300FOXIQQV5UZD367
Tax ID: 54-1872422
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Mortgage Data
Review & Overview
Southern Trust Mortgage is a small mortgage company specializing in Home Purchase 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 4/21/24 |
| 30 Year Conventional Refi | 6.46% | 4/21/24 |
| 30 Year Cash-out Refi | 6.69% | 4/21/24 |
| 30 Year FHA Purchase | 7.43% | 4/21/24 |
| 30 Year FHA Refi | 7.04% | 4/21/24 |
| 30 Year VA Purchase | 6.35% | 4/21/24 |
| 30 Year VA Refi | 6.05% | 4/21/24 |
| 30 Year USDA Purchase | 6.84% | 4/21/24 |
| 15 Year Conventional Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Refi | 5.86% | 4/21/24 |
| 15 Year Cash-out Refi | 5.86% | 4/21/24 |
| 15 Year FHA Purchase | 7.16% | 4/21/24 |
| 15 Year VA Purchase | 6.13% | 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. | ||
Southern Trust Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
8,007Origination Dollar Volume (All Markets)
$2,341,515,000Awards
SOUTHERN TRUST MORTGAGE - 2021
SOUTHERN TRUST MORTGAGE is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| 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% |
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.
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Product Mix
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications96.69%
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 origination79.16%
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
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% |