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

Jump to:

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 and Refi loans. Marine Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Sebastian, Port St. Lucie, and Palm Bay among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Marine Bank & 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. 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.


    Originations

    64

    Origination Dollar Volume (All Markets)

    $36,220,000

    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) 35 $16,655,000 $475,857 $0 7.03%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 16 $15,640,000 $977,500 $0 6.81%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 13 $3,925,000 $301,923 $0 7.51%
    Marine Bank & Trust Company's top markets include Sebastian, Port St. Lucie, and Palm Bay 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.

    SPACE COAST Credit Union
    Similarity Rank: 156
    MIDFLORIDA
    Similarity Rank: 363
    PULTE MORTGAGE LLC
    Similarity Rank: 497
    City National Bank of Florida
    Similarity Rank: 1104
    DHI MORTGAGE COMPANY, LTD.
    Similarity Rank: 1135
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 2030
    RADIUS FINANCIAL GROUP INC.
    Similarity Rank: 3168
    EAGLE HOME MORTGAGE, LLC
    Similarity Rank: 3534
    Morgan Stanley Private Bank
    Similarity Rank: 4400
    Mortgage Research Center, LLC
    Similarity Rank: 4590

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $36,220,000 $565,938 $0 7.07%

    For 2023, Marine Bank & Trust Company's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 40 $25,670,000 $641,750 $0 6.96%
    Refi 12 $8,310,000 $692,500 $0 7.01%
    Home Improvement 6 $910,000 $151,667 $0 8.00%
    Other 6 $1,330,000 $221,667 $0 7.00%

    For 2023, Marine Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 34 $21,060,000 $619,412 $0 6.85%
    30+ year 18 $13,120,000 $728,889 $0 7.17%
    15 Year 6 $1,190,000 $198,333 $0 6.95%
    20 Year 4 $580,000 $145,000 $0 8.15%
    5 Year 1 $155,000 $155,000 $0 7.41%
    Other 1 $115,000 $115,000 $0 8.75%

    For 2023, Marine Bank & Trust Company's most frequently cited loan duration was 30 Year, with 34 originations. The 2nd most popular length was 30+ year, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 29 $11,835,000 $408,103
    6-7% 25 $20,705,000 $828,200
    5-6% 6 $2,280,000 $380,000
    Over 8% 3 $685,000 $228,333

    During 2023, Marine Bank & Trust Company's average interest rate for loans was 6.85%, while their most frequently originated rate bucket for loans was 7-8%, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 27 $7,785,000 $288,333 $0 6.99%
    $100k-200k 13 $1,945,000 $149,615 $0 7.32%
    $1MM+ 8 $18,570,000 $2,321,250 $0 6.89%
    $400k-600k 8 $3,640,000 $455,000 $0 7.14%
    $600k-1MM 5 $4,065,000 $813,000 $0 6.72%
    $100,000 or less 3 $215,000 $71,667 $0 7.54%

    2023 saw Marine Bank & Trust Company place emphasis on $200k-400k loans with 27 originations, totaling $7,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 18 $6,820,000 $378,889 $0 6.80%
    $250k+ 17 $22,595,000 $1,329,118 $0 7.00%
    $100k-150k 14 $4,170,000 $297,857 $0 7.19%
    $50k-75k 5 $845,000 $169,000 $0 6.98%
    $75k-100k 4 $800,000 $200,000 $0 7.50%

    Marine Bank & Trust Company lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $250k+, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $11,210,000 $800,714 $0 6.63%
    30-36% 12 $9,230,000 $769,167 $0 7.02%
    <20% 5 $4,435,000 $887,000 $0 7.35%
    40% 4 $1,000,000 $250,000 $0 7.31%
    42% 4 $900,000 $225,000 $0 6.93%
    39% 3 $1,275,000 $425,000 $0 6.63%
    37% 3 $1,315,000 $438,333 $0 7.38%
    >60% 3 $1,865,000 $621,667 $0 7.94%
    38% 3 $945,000 $315,000 $0 6.88%
    49% 2 $1,410,000 $705,000 $0 7.31%
    50-60% 2 $800,000 $400,000 $0 7.25%
    46% 1 $275,000 $275,000 $0 6.63%
    43% 1 $455,000 $455,000 $0 6.25%

    Marine Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $32,285,000 $609,151 $0 6.94%
    Not provided 5 $2,885,000 $577,000 $0 7.53%
    Not applicable 5 $735,000 $147,000 $0 8.00%
    Black 1 $315,000 $315,000 $0 7.00%

    Approval Rates

    Total approvals of all applications
    85.86%

    Marine Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.88%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 64 $36,220,000 $565,938

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    64 $36,220,000 $565,938