Marine Bank & Trust Company Mortgage Rates, Fees & Info
Vero Beach, FLLEI: 549300HJSQXR32ZGFP55
Tax ID: 65-0644585
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Mortgage Data
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 5/4/24 |
| 30 Year Conventional Refi | 6.27% | 5/4/24 |
| 30 Year Cash-out Refi | 6.27% | 5/4/24 |
| 15 Year Conventional Purchase | 5.68% | 5/4/24 |
| 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. | ||
Marine Bank & Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
170Origination Dollar Volume (All Markets)
$96,570,000Top 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% |
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.
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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
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
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
2022 saw Marine Bank & Trust Company place emphasis on $200k-400k loans with 59 originations, totaling $17,075,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.79%
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 origination81.76%
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 |