Marine Bank & Trust Company Mortgage Rates, Fees & InfoVero Beach, FL
Tax ID: 65-0644585
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMarine Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Marine Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Sebastian, Port St. Lucie, Palm Bay, Miami, and Orlando among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)
Marine Bank & Trust Company 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. 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.27%||9/25/23|
|30 Year Conventional Refi||6.27%||9/25/23|
|30 Year Cash-out Refi||6.27%||9/25/23|
|15 Year Conventional Purchase||5.68%||9/25/23|
|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.|
Marine Bank & Trust Company Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Marine Bank & Trust Company. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$96,570,000
Marine Bank & Trust Company's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.17%.
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|
|Sebastian-Vero Beach, FL (FHA|USDA|VA)||83||$56,085,000||$675,723||$0||4.68%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||46||$24,100,000||$523,913||$0||4.80%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||30||$10,300,000||$343,333||$0||5.02%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||5||$4,655,000||$931,000||$0||4.25%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||4||$1,060,000||$265,000||$0||4.95%|
|JACKSONVILLE, FL (FHA|USDA|VA)||1||$245,000||$245,000||$0||4.13%|
|DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)||1||$125,000||$125,000||$0||5.25%|
We use machine learning to identify the top lenders compared against Marine Bank & 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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Marine Bank & Trust Company's most frequently originated type of loan was Conventional, with 170 originations.
For 2022, Marine Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
For 2022, Marine Bank & Trust Company's most frequently cited loan duration was 30 Year, with 94 originations. The 2nd most popular length was 30+ year, with 32 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Marine Bank & Trust Company's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 4-5%, with 85 originations.
2022 saw Marine Bank & Trust Company place emphasis on $200k-400k loans with 59 originations, totaling $17,075,000 in origination value.
Marine Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 54 originations. The second most popular income band? $100k-150k, with 33 originations.
Applicant Debt to Income Ratio
Marine Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 38 originations.
Approval RatesTotal approvals of all applications
Marine Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Marine Bank & Trust Company has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|