Trustbank Mortgage Rates, Fees & Info
Olney, ILLEI: 549300JMCI45DZ4YNK98
Tax ID: 37-1127534
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Trustbank is a smaller bank specializing in Home Purchase loans. Trustbank has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Flagstaff, Springfield, St. Louis, and Atlanta among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Trustbank 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.
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Originations
131Origination Dollar Volume (All Markets)
$53,565,000Top 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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 18 | $31,140,000 | $1,730,000 | $0 | 0.00% |
| Outside of Metro Areas | 95 | $15,355,000 | $161,632 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $2,820,000 | $705,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $705,000 | $705,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 131 | $53,565,000 | $408,893 | $0 | 0.00% |
For 2022, Trustbank's most frequently originated type of loan was Conventional, with 131 originations.
Loan Reason
For 2022, Trustbank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 131 | $53,565,000 | $408,893 | $0 | 0.00% |
For 2022, Trustbank's most frequently cited loan duration was Other, with 131 originations.
Loan Sizing
2022 saw Trustbank place emphasis on $100,000 or less loans with 51 originations, totaling $2,565,000 in origination value.
Applicant Income
Trustbank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $75k-100k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 131 | $53,565,000 | $408,893 | $0 | 0.00% |
Trustbank lent most frequently to those with DTI ratios of Exempt%, with 131 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
Trustbank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.15%
Trustbank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 131 | $53,565,000 | $408,893 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 3 | 37.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Struggling to pay mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Trouble during payment process | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | Other type of mortgage | Struggling to pay mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |