Auto Club Trust Fsb Mortgage Rates, Fees & Info

Dearborn, MI

LEI: 549300IOVF643QHIZ598

Tax ID: 38-3498118

5 stars - out of 5 stars, based on 25 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Auto Club Trust Fsb is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Auto Club Trust Fsb has a high proportion of conventional loans. Their top markets include Detroit, Atlanta, Tampa, Chicago, and Denver among others. Auto Club Trust Fsb has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Auto Club Trust Fsb is typically a low fee lendor.


Originations

607

Origination Dollar Volume (All Markets)

$114,095,000

Employee count

92 Show all (15) awards

Relative Rate

Auto Club Trust Fsb's average 30 year fixed rate mortgage of loans were 2.98%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.17%.

Relative Fees

Auto Club Trust Fsb's average total fees for a 30 year fixed rate mortgage are $2,732.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 101 $17,575,000 $174,010 $2,361 2.98%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 34 $7,100,000 $208,824 $2,910 2.76%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 36 $7,000,000 $194,444 $3,073 2.70%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 39 $6,865,000 $176,026 $2,477 2.74%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 26 $6,800,000 $261,538 $2,323 2.79%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 32 $6,750,000 $210,938 $2,664 2.80%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 28 $5,520,000 $197,143 $2,852 2.79%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 23 $4,645,000 $201,957 $2,720 2.81%
ANN ARBOR, MI (FHA|USDA|VA) 15 $3,075,000 $205,000 $2,682 2.68%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 14 $2,850,000 $203,571 $2,473 2.76%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 15 $2,845,000 $189,667 $2,299 2.65%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 12 $2,350,000 $195,833 $2,178 2.93%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 12 $2,260,000 $188,333 $3,174 2.68%
Outside of Metro Areas 14 $2,160,000 $154,286 $2,574 2.68%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $2,135,000 $237,222 $2,878 2.86%
THE VILLAGES, FL (FHA|USDA|VA) 11 $1,945,000 $176,818 $2,976 2.76%
SAVANNAH, GA (FHA|USDA|VA) 7 $1,895,000 $270,714 $2,525 3.02%
JACKSONVILLE, FL (FHA|USDA|VA) 9 $1,755,000 $195,000 $2,788 2.82%
OCALA, FL (FHA|USDA|VA) 10 $1,670,000 $167,000 $2,972 2.99%
COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $1,525,000 $217,857 $1,878 2.77%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $1,485,000 $165,000 $2,849 2.90%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $1,450,000 $241,667 $2,338 2.81%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $1,370,000 $137,000 $2,312 2.51%
GAINESVILLE, FL (FHA|USDA|VA) 6 $1,310,000 $218,333 $2,347 2.90%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 9 $1,275,000 $141,667 $2,568 2.90%
ASHEVILLE, NC (FHA|USDA|VA) 4 $1,140,000 $285,000 $1,975 3.03%
PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $1,075,000 $153,571 $2,625 2.91%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 7 $1,055,000 $150,714 $2,237 2.64%
FORT COLLINS, CO (FHA|USDA|VA) 4 $880,000 $220,000 $2,047 2.78%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $740,000 $123,333 $2,594 2.77%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $730,000 $182,500 $3,058 2.84%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $670,000 $111,667 $2,216 2.65%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $620,000 $155,000 $1,941 2.41%
GREELEY, CO (FHA|USDA|VA) 2 $580,000 $290,000 $2,296 2.69%
KNOXVILLE, TN (FHA|USDA|VA) 4 $540,000 $135,000 $1,891 3.12%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $535,000 $178,333 $2,380 2.79%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $435,000 $145,000 $1,903 2.50%
ROCHESTER, MN (FHA|USDA|VA) 2 $430,000 $215,000 $3,235 2.50%
FLINT, MI (FHA|USDA|VA) 4 $410,000 $102,500 $1,998 2.91%
MADISON, WI (FHA|USDA|VA) 2 $400,000 $200,000 $1,915 3.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $370,000 $185,000 $2,494 2.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $370,000 $185,000 $1,919 2.56%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $345,000 $345,000 $2,899 2.75%
Traverse City, MI (FHA|USDA|VA) 2 $340,000 $170,000 $2,413 3.43%
BOULDER, CO (FHA|USDA|VA) 2 $330,000 $165,000 $1,906 2.75%
Sevierville, TN (FHA|USDA|VA) 1 $305,000 $305,000 $2,211 3.25%
LINCOLN, NE (FHA|USDA|VA) 2 $300,000 $150,000 $2,908 3.31%
Breckenridge, CO (FHA|USDA|VA) 1 $285,000 $285,000 $3,006 2.75%
PANAMA CITY, FL (FHA|USDA|VA) 2 $280,000 $140,000 $3,833 2.69%
BATTLE CREEK, MI (FHA|USDA|VA) 2 $270,000 $135,000 $2,411 3.13%
VALDOSTA, GA (FHA|USDA|VA) 1 $255,000 $255,000 $2,140 2.50%
BISMARCK, ND (FHA|USDA|VA) 1 $245,000 $245,000 $2,125 2.63%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $220,000 $110,000 $2,614 2.06%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $220,000 $110,000 $1,567 2.75%
Edwards, CO (FHA|USDA|VA) 1 $215,000 $215,000 $2,831 2.75%
DULUTH, MN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,504 3.13%
COLUMBIA, SC (FHA|USDA|VA) 1 $205,000 $205,000 $2,186 2.63%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,191 3.13%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $205,000 $205,000 $1,445 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $200,000 $100,000 $2,229 2.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,242 2.75%
Sanford, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,266 3.13%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $185,000 $185,000 $3,906 2.88%
NEW BERN, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,188 2.63%
BAY CITY, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,298 2.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,498 2.38%
Hutchinson, MN (FHA|USDA|VA) 1 $165,000 $165,000 $2,241 2.88%
Ottawa, IL (FHA|USDA|VA) 1 $165,000 $165,000 $5,049 3.13%
MONROE, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,491 2.88%
ROCKFORD, IL (FHA|USDA|VA) 1 $155,000 $155,000 $2,102 2.25%
Boone, NC (FHA|USDA|VA) 1 $145,000 $145,000 $1,463 3.13%
St. Marys, GA (FHA|USDA|VA) 1 $135,000 $135,000 $2,356 3.00%
Morehead City, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,014 3.00%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $125,000 $125,000 $3,802 3.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,671 2.50%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $95,000 $95,000 $943 2.63%
MUSKEGON, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,686 2.88%
Brevard, NC (FHA|USDA|VA) 1 $85,000 $85,000 $2,169 2.63%
Macomb, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,288 2.63%
LaGrange, GA-AL (FHA|USDA|VA) 1 $65,000 $65,000 $2,531 3.25%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $2,424 2.50%

Auto Club Trust Fsb's top markets include Detroit, Atlanta, Tampa, Chicago, and Denver among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 607 $114,095,000 $187,965 $2,565 2.81%

For the 2021 period, Auto Club Trust Fsb's most frequently originated loan type of loans were Conventional, with 607 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 313 $55,645,000 $177,780 $2,326 2.67%
Cash Out Refi 233 $43,715,000 $187,618 $2,659 2.87%
Home Purchase 58 $14,420,000 $248,621 $3,502 3.36%
Other 2 $160,000 $80,000 $2,187 2.75%
Home Improvement 1 $155,000 $155,000 $1,808 2.63%

For the 2021, Auto Club Trust Fsb's most frequently cited loan purpose of loans were Refi, with 313 originations. The 2nd most popular reason of loans were Cash Out Refi, with 233 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 389 $79,415,000 $204,152 $2,732 2.98%
15 Year 124 $19,860,000 $160,161 $2,272 2.43%
20 Year 66 $11,580,000 $175,455 $2,291 2.73%
10 Year 28 $3,240,000 $115,714 $2,175 2.29%

For the 2021, Auto Club Trust Fsb's most frequently cited loan length of loans were 30 Year, with 389 originations. The 2nd most popular length of loans were 15 Year, with 124 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 468 $87,830,000 $187,671
$1k-2k 101 $17,545,000 $173,713
$2k-3k 18 $3,320,000 $184,444
$3k-4k 12 $2,740,000 $228,333
$5k+ 7 $2,455,000 $350,714

$2,732 of loans were Auto Club Trust Fsb's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 468 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 325 $62,625,000 $192,692
<2.5% 152 $23,720,000 $156,053
3-4% 116 $25,640,000 $221,034
4-5% 14 $2,110,000 $150,714

During 2021, Auto Club Trust Fsb's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 2.5-3%, with 325 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 294 $42,940,000 $146,054 $2,384 2.80%
$200k-400k 198 $52,550,000 $265,404 $2,912 2.86%
$100,000 or less 94 $7,190,000 $76,489 $2,140 2.69%
$400k-600k 19 $9,095,000 $478,684 $3,436 2.89%
$1MM+ 1 $1,355,000 $1,355,000 $5,779 3.99%
$600k-1MM 1 $965,000 $965,000 $7,622 3.50%

2021 saw Auto Club Trust Fsb place emphasis on $100k-200k loans with 294 originations, totaling $42,940,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 157 $24,705,000 $157,357 $2,507 2.79%
$75k-100k 118 $22,200,000 $188,136 $2,540 2.77%
$50k or less 117 $13,615,000 $116,368 $2,343 2.97%
$100k-150k 115 $25,155,000 $218,739 $2,581 2.75%
$150k-250k 68 $18,160,000 $267,059 $2,615 2.72%
$250k+ 18 $7,990,000 $443,889 $4,150 2.97%

Auto Club Trust Fsb lent most frequently to those with incomes in the $50k-75k range, with 157 originations. The second most popular income band? $75k-100k, with 118 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 181 $33,705,000 $186,215 $2,467 2.74%
30-36% 100 $18,640,000 $186,400 $2,590 2.85%
<20% 90 $14,900,000 $165,556 $2,355 2.60%
40% 25 $4,345,000 $173,800 $2,321 2.91%
41% 23 $5,405,000 $235,000 $2,815 2.80%
43% 22 $4,170,000 $189,545 $2,648 2.85%
42% 19 $3,325,000 $175,000 $3,360 3.00%
44% 19 $3,075,000 $161,842 $2,729 3.18%
37% 18 $3,160,000 $175,556 $2,567 2.78%
38% 17 $3,265,000 $192,059 $2,542 3.07%
36% 16 $3,330,000 $208,125 $2,880 2.89%
46% 15 $2,695,000 $179,667 $2,710 3.07%
47% 15 $2,675,000 $178,333 $2,385 2.87%
48% 13 $4,315,000 $331,923 $3,773 3.01%
39% 12 $2,450,000 $204,167 $2,345 2.81%
45% 12 $2,350,000 $195,833 $2,215 2.76%
49% 8 $1,880,000 $235,000 $2,784 3.06%
50-60% 2 $410,000 $205,000 $2,382 3.13%

Auto Club Trust Fsb lent most frequently to those with DTI ratios of 20-30%, with 181 originations. The next most common DTI ratio? 30-36%, with 100 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 429 $80,245,000 $187,051 $2,554 2.78%
Not provided 95 $18,485,000 $194,579 $2,474 2.72%
Black 63 $11,825,000 $187,698 $2,806 3.21%
Asian 16 $2,670,000 $166,875 $2,398 2.59%
Asian Indian 1 $505,000 $505,000 $4,044 2.75%
American Indian 2 $240,000 $120,000 $2,203 2.94%
Native Hawaiian 1 $125,000 $125,000 $2,544 2.25%

Approval Rates

Total approvals of all applications
87.72%

Auto Club Trust Fsb has an average approval rate.

Pick Rate

Approvals leading to origination
29.78%

Auto Club Trust Fsb has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 607 $114,095,000 $187,965

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
607 $114,095,000 $187,965

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 119 $15,925,000 $133,824 $2,287 2.60%
40-60% 211 $38,105,000 $180,592 $2,339 2.71%
60-80% 204 $45,440,000 $222,745 $2,824 2.91%
80-100% 58 $12,800,000 $220,690 $3,111 3.32%
Under 20% 15 $1,825,000 $121,667 $2,286 2.59%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Auto Club Trust, FSB One Auto Club Drive Dearborn, MI 48126 Full Service B&M $390,883

For 2021, Auto Club Trust Fsb had 1 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $18,791
Net interest income $13,695
Total noninterest income $10,846
Gross Fiduciary activities income $860
Service charges on deposit accounts $64
Trading account gains and fees $0
Additional Noninterest Income $9,922
Pre-tax net operating income $-5,940
Securities gains (or losses, -) $80
Income before extraordinary items $-5,860
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $-5,860
Minority interest net income $0
Net income $-5,860
Sale, conversion, retirement of capital stock, net $0
Net operating income $-5,940

Auto Club Trust Fsb's gross interest income from loans was $18,791,000.
Auto Club Trust Fsb's net interest income from loans was $13,695,000.
Auto Club Trust Fsb's fee based income from loans was $64,000.
Auto Club Trust Fsb's net income from loans was $-5,860,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,096
Provision for credit losses $2,948
Total noninterest expense $27,533
Salaries and employee benefits $11,852
Premises and equipment expense $862
Additional noninterest expense $14,819
Applicable income taxes $0
Net charge-offs $800
Cash dividends $0

Auto Club Trust Fsb's interest expense for loans was $5,096,000.
Auto Club Trust Fsb's payroll and benefits expense were $11,852,000.
Auto Club Trust Fsb's property, plant and equipment expenses $862,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 1.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 1.0%
HELOC loans 2.0%
All other family 1.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $386,655
Deposits held in domestic offices $386,655
Deposits by Individuals, partnerships, and corporations $369,123
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $0
Deposits by Commercial banks and other depository institutions in U.S. $17,532
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $14,905
Demand deposits $14,791
Nontransaction accounts $371,750
Money market deposit accounts (MMDAs) $75,177
Other savings deposits (excluding MMDAs) $36,360
Total time deposits $260,214
Total time and savings deposits $371,864
Noninterest-bearing deposits $5,745
Interest-bearing deposits $380,910
Retail deposits $257,745
IRAs and Keogh plan accounts $21,971
Brokered deposits $102,563
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $579,580
Cash & Balances due from depository institutions $15,769
Interest-bearing balances $15,423
Total securities $263,415
Federal funds sold & reverse repurchase $0
Net loans and leases $278,344
Loan and leases loss allowance $4,568
Trading account assets $0
Bank premises and fixed assets $234
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $21,818

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $579,580
Total Liabilities $521,923
Total deposits $386,655
Interest-bearing deposits $380,910
Deposits held in domestic offices $386,655
% insured (estimated) $87
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $132,000
Subordinated debt $0
All other liabilities $3,268

Issued Loan Types

Type Value (in 000's)
Net loans and leases $278,344
Loan and leases loss allowance $4,568
Total loans and leases (domestic) $282,912
All real estate loans $104,484
Real estate loans in domestic offices $104,484
Construction and development loans $0
Residential 1-4 family construction $0
Other construction, all land development and other land $0
Loans secured by nonfarm nonresidential properties $0
Nonfarm nonresidential secured by owner-occupied properties $0
Commercial real estate & other non-farm, non-residential $0
Multifamily residential real estate $0
1-4 family residential loans $104,484
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $0
To non-U.S. addressees $0
Loans to individuals $178,428
Credit card loans $0
Related Plans $0
Consumer Auto Loans $106,783
Other loans to individuals $71,645
All other loans & leases $0
Loans to foreign governments and official institutions $0
Other loans $0
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $1,354
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Auto Club Trust FSB had $278,344,000 of loans outstanding in 2021. $104,484,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $104,484,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $106,783,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan