Trident Mortgage Company Lp Rates, Fees & Info

WILMINGTON, DE

LEI: 549300LDVDAIKBVCY905

Tax ID: 20-0378305

Latest/2023 | 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
  • Complaints
  • 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

    Trident Mortgage Company Lp is a small mortgage company specializing in Home Purchase loans. Trident Mortgage Company Lp has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Allentown, Ocean City, Atlantic City, and Trenton among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Trident Mortgage Company Lp 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. Trident Mortgage Company Lp is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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

    6,619

    Origination Dollar Volume (All Markets)

    $1,791,715,000
    Show all (6) awards

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 5,248 $1,465,770,000 $279,301 $5,139 4.03%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 614 $132,270,000 $215,423 $4,880 4.10%
    OCEAN CITY, NJ (FHA|USDA|VA) 125 $44,195,000 $353,560 $4,392 3.98%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 182 $39,020,000 $214,396 $4,551 4.02%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 106 $30,700,000 $289,623 $5,341 4.09%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 94 $30,430,000 $323,723 $5,458 3.80%
    READING, PA (FHA|USDA|VA) 66 $12,730,000 $192,879 $4,792 4.19%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 53 $8,765,000 $165,377 $4,955 4.25%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 44 $7,460,000 $169,545 $4,690 4.16%
    SALISBURY, MD-DE (FHA|USDA|VA) 17 $5,595,000 $329,118 $4,510 4.07%
    DOVER, DE (FHA|USDA|VA) 15 $3,245,000 $216,333 $5,240 4.21%
    LANCASTER, PA (FHA|USDA|VA) 13 $2,805,000 $215,769 $6,047 3.95%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 13 $2,605,000 $200,385 $4,449 3.88%
    Pottsville, PA (FHA|USDA|VA) 8 $1,570,000 $196,250 $3,965 3.95%
    Outside of Metro Areas 5 $1,025,000 $205,000 $4,578 4.35%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $690,000 $172,500 $4,002 4.06%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $490,000 $245,000 $3,956 3.69%
    LEBANON, PA (FHA|USDA|VA) 2 $460,000 $230,000 $5,980 4.00%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $385,000 $385,000 $4,966 3.75%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $335,000 $335,000 $3,230 3.88%
    Huntingdon, PA (FHA|USDA|VA) 1 $255,000 $255,000 $7,116 3.38%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $3,957 4.38%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,803 3.75%
    ERIE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,957 4.88%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,449 3.13%
    DuBois, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,811 4.50%
    Trident Mortgage Company Lp's top markets include Philadelphia, Allentown, Ocean City, Atlantic City, and Trenton among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TRIDENT MORTGAGE COMPANY LP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UTILITIES EMPLOYEES CREDIT UNION
    Similarity Rank: 42
    N C P D Federal Credit Union
    Similarity Rank: 56
    NE PA COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 84
    Schuyler Savings Bank
    Similarity Rank: 104
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Union County Savings Bank
    Similarity Rank: 150
    Prudential Bank
    Similarity Rank: 162
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Calvin B. Taylor Banking Company of Berlin, Maryland
    Similarity Rank: 204
    Blue Foundry Bank
    Similarity Rank: 212

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,411 $1,535,045,000 $283,690 $4,578 3.99%
    FHA 1,008 $202,530,000 $200,923 $7,435 4.27%
    VA 164 $47,670,000 $290,671 $7,199 3.98%
    USDA 36 $6,470,000 $179,722 $4,938 4.27%

    For 2019, Trident Mortgage Company Lp's most frequently originated type of loan was Conventional, with 5,411 originations. Their 2nd most popular type was FHA, with 1,008 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,437 $1,439,815,000 $264,818 $5,218 4.10%
    Refi 850 $266,560,000 $313,600 $4,468 3.61%
    Cash Out Refi 278 $75,780,000 $272,590 $4,479 4.00%
    Other 54 $9,560,000 $177,037 $3,881 4.51%

    For 2019, Trident Mortgage Company Lp's most frequently cited loan purpose was Home Purchase, with 5,437 originations. The 2nd most popular reason was Refi, with 850 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,126 $1,664,480,000 $271,707 $5,159 4.08%
    15 Year 420 $110,020,000 $261,952 $4,206 3.49%
    20 Year 49 $15,105,000 $308,265 $4,421 3.89%
    10 Year 20 $1,060,000 $53,000 $986 1.98%
    Other 4 $1,050,000 $262,500 $3,818 3.94%

    For 2019, Trident Mortgage Company Lp's most frequently cited loan duration was 30 Year, with 6,126 originations. The 2nd most popular length was 15 Year, with 420 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 5,197 $1,410,925,000 $271,488
    $<1k 780 $186,650,000 $239,295
    $2k-3k 372 $103,780,000 $278,978
    $3k-4k 128 $37,650,000 $294,141
    $5k+ 77 $30,885,000 $401,104
    $4k-5k 65 $21,825,000 $335,769

    Trident Mortgage Company Lp's average total fees were $5,159, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5,197 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,635 $1,075,695,000 $295,927
    4-5% 2,625 $646,055,000 $246,116
    5-6% 249 $41,285,000 $165,803
    2.5-3% 92 $28,210,000 $306,630
    <2.5% 5 $25,000 $5,000
    6-7% 4 $400,000 $100,000

    During 2019, Trident Mortgage Company Lp's average interest rate for loans was 4.08%, while their most frequently originated rate bucket for loans was 3-4%, with 3,635 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,418 $973,810,000 $284,906 $5,240 3.96%
    $100k-200k 1,924 $300,180,000 $156,019 $4,445 4.18%
    $400k-600k 821 $378,085,000 $460,518 $6,140 3.87%
    $100,000 or less 308 $22,590,000 $73,344 $3,325 4.48%
    $600k-1MM 122 $87,170,000 $714,508 $7,043 3.88%
    $1MM+ 26 $29,880,000 $1,149,231 $9,139 3.81%

    2019 saw Trident Mortgage Company Lp place emphasis on $200k-400k loans with 3,418 originations, totaling $973,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,602 $456,320,000 $284,844 $5,139 3.99%
    $50k-75k 1,403 $273,945,000 $195,257 $4,867 4.12%
    $150k-250k 1,276 $449,630,000 $352,375 $5,363 3.94%
    $75k-100k 1,193 $290,575,000 $243,567 $5,091 4.07%
    $50k or less 621 $84,455,000 $135,998 $4,366 4.22%
    $250k+ 514 $233,000,000 $453,307 $5,625 3.91%

    Trident Mortgage Company Lp lent most frequently to those with incomes in the $100k-150k range, with 1,602 originations. The second most popular income band? $50k-75k, with 1,403 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,484 $426,750,000 $287,567 $4,820 3.96%
    30-36% 1,255 $349,885,000 $278,793 $4,981 4.01%
    <20% 481 $143,165,000 $297,640 $4,701 3.83%
    50-60% 270 $61,190,000 $226,630 $7,246 4.15%
    42% 256 $70,980,000 $277,266 $5,134 4.10%
    49% 251 $62,255,000 $248,028 $5,160 4.15%
    40% 249 $72,525,000 $291,265 $5,183 3.99%
    44% 245 $60,715,000 $247,816 $4,907 4.18%
    38% 234 $63,270,000 $270,385 $5,025 4.05%
    41% 232 $63,430,000 $273,405 $5,094 4.11%
    43% 231 $59,005,000 $255,433 $5,041 4.06%
    37% 230 $61,920,000 $269,217 $4,953 4.10%
    39% 222 $56,900,000 $256,306 $4,954 4.10%
    36% 220 $60,530,000 $275,136 $5,485 4.05%
    45% 209 $48,245,000 $230,837 $5,038 4.15%
    46% 197 $47,985,000 $243,579 $5,116 4.16%
    48% 191 $44,745,000 $234,267 $5,265 4.17%
    47% 159 $37,085,000 $233,239 $5,334 4.18%
    >60% 3 $1,135,000 $378,333 $6,382 4.04%

    Trident Mortgage Company Lp lent most frequently to those with DTI ratios of 20-30%, with 1,484 originations. The next most common DTI ratio? 30-36%, with 1,255 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,451 $1,232,905,000 $276,995 $4,986 4.02%
    Not provided 1,539 $406,485,000 $264,123 $5,252 4.05%
    Asian 285 $77,585,000 $272,228 $5,004 4.00%
    Black 300 $61,760,000 $205,867 $5,606 4.29%
    Asian Indian 14 $5,170,000 $369,286 $5,361 3.96%
    American Indian 15 $2,915,000 $194,333 $5,850 4.39%
    Filipino 4 $1,650,000 $412,500 $5,650 4.28%
    Chinese 4 $1,600,000 $400,000 $4,859 3.81%
    Other Asian 3 $1,025,000 $341,667 $5,220 3.50%
    Vietnamese 2 $360,000 $180,000 $4,963 4.13%
    Native Hawaiian or Islander 2 $260,000 $130,000 $5,384 4.88%

    Approval Rates

    Total approvals of all applications
    98.48%

    Trident Mortgage Company Lp 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
    76.75%

    Trident Mortgage Company Lp has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,619 $1,791,715,000 $270,693

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 6,619 $1,791,715,000 $270,693

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 137 $24,725,000 $180,474 $3,565 3.84%
    40-60% 440 $107,640,000 $244,636 $4,171 3.82%
    60-80% 1,997 $592,745,000 $296,818 $4,603 4.00%
    80-100% 3,957 $1,047,535,000 $264,730 $5,404 4.09%
    Over 100% 66 $17,720,000 $268,485 $10,636 4.45%
    Under 20% 22 $1,350,000 $61,364 $1,150 2.31%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TRIDENT MORTGAGE COMPANY, LP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%