Marine Bank & Trust Company Mortgage Rates, Fees & Info

Vero Beach, FL

LEI: 549300HJSQXR32ZGFP55

Tax ID: 65-0644585

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Marine 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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    Originations

    170

    Origination Dollar Volume (All Markets)

    $96,570,000

    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
    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%
    Marine Bank & Trust Company's top markets include Sebastian, Port St. Lucie, Palm Bay, Miami, and Orlando among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    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.

    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 435
    SPACE COAST Credit Union
    Similarity Rank: 550
    Mortgage Lenders Investment Trading Corporation
    Similarity Rank: 792
    Seacoast National Bank
    Similarity Rank: 1008
    MIDFLORIDA
    Similarity Rank: 1479
    PULTE MORTGAGE LLC
    Similarity Rank: 2205
    NVR Mortgage Finance, Inc.
    Similarity Rank: 2790
    City National Bank of Florida
    Similarity Rank: 3618
    ITHINK FINANCIAL Credit Union
    Similarity Rank: 3744
    RADIUS FINANCIAL GROUP INC.
    Similarity Rank: 4361

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 170 $96,570,000 $568,059 $0 4.77%

    For 2022, Marine Bank & Trust Company's most frequently originated type of loan was Conventional, with 170 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $72,955,000 $623,547 $0 4.69%
    Cash Out Refi 18 $13,940,000 $774,444 $0 4.61%
    Home Improvement 14 $1,440,000 $102,857 $0 5.76%
    Other 13 $5,315,000 $408,846 $0 4.91%
    Refi 8 $2,920,000 $365,000 $0 4.33%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 94 $55,790,000 $593,511 $0 4.59%
    30+ year 32 $30,030,000 $938,438 $0 4.64%
    20 Year 18 $6,050,000 $336,111 $0 5.15%
    15 Year 17 $2,375,000 $139,706 $0 5.24%
    10 Year 5 $575,000 $115,000 $0 5.86%
    Other 4 $1,750,000 $437,500 $0 4.88%

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 85 $49,965,000 $587,824
    5-6% 47 $14,015,000 $298,191
    3-4% 29 $31,055,000 $1,070,862
    6-7% 8 $1,380,000 $172,500
    7-8% 1 $155,000 $155,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 59 $17,075,000 $289,407 $0 4.83%
    $100k-200k 27 $4,075,000 $150,926 $0 5.10%
    $1MM+ 27 $47,645,000 $1,764,630 $0 4.21%
    $400k-600k 25 $12,145,000 $485,800 $0 4.60%
    $600k-1MM 19 $14,845,000 $781,316 $0 4.59%
    $100,000 or less 13 $785,000 $60,385 $0 5.55%

    2022 saw Marine Bank & Trust Company place emphasis on $200k-400k loans with 59 originations, totaling $17,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 54 $61,740,000 $1,143,333 $0 4.46%
    $100k-150k 33 $9,435,000 $285,909 $0 4.93%
    $150k-250k 31 $11,775,000 $379,839 $0 4.72%
    $50k-75k 11 $1,605,000 $145,909 $0 5.47%
    $75k-100k 11 $2,705,000 $245,909 $0 4.52%
    $50k or less 5 $965,000 $193,000 $0 4.63%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 47 $33,515,000 $713,085 $0 4.70%
    30-36% 38 $26,310,000 $692,368 $0 4.71%
    <20% 18 $9,510,000 $528,333 $0 4.53%
    42% 7 $3,225,000 $460,714 $0 4.43%
    36% 5 $1,365,000 $273,000 $0 4.78%
    37% 4 $1,200,000 $300,000 $0 4.94%
    45% 4 $1,830,000 $457,500 $0 4.72%
    50-60% 3 $945,000 $315,000 $0 4.33%
    39% 3 $1,685,000 $561,667 $0 5.58%
    41% 3 $705,000 $235,000 $0 5.42%
    43% 3 $875,000 $291,667 $0 4.46%
    46% 3 $2,725,000 $908,333 $0 4.75%
    40% 2 $1,560,000 $780,000 $0 4.56%
    44% 2 $990,000 $495,000 $0 4.56%
    38% 1 $155,000 $155,000 $0 4.63%
    48% 1 $1,405,000 $1,405,000 $0 3.38%
    49% 1 $355,000 $355,000 $0 4.30%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 121 $79,425,000 $656,405 $0 4.64%
    Not provided 20 $7,800,000 $390,000 $0 4.95%
    Not applicable 23 $7,775,000 $338,043 $0 5.17%
    Black 4 $990,000 $247,500 $0 5.22%
    Asian 2 $580,000 $290,000 $0 5.34%

    Approval Rates

    Total approvals of all applications
    95.79%

    Marine Bank & Trust Company 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
    81.76%

    Marine Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 170 $96,570,000 $568,059

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    170 $96,570,000 $568,059