Trademark Mortgage Rates, Fees & Info
Augusta, MELEI: 549300MN2NONI4E6X341
Tax ID: 01-0247679
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Mortgage Data
Review & Overview
Trademark is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Trademark has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Augusta, Glens Falls, and Utica among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Trademark 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.
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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/21/24 |
| 30 Year Conventional Purchase | 6.75% | 11/21/24 |
| 30 Year Cash-out Refi | 6.33% | 11/21/24 |
| 15 Year Conventional Purchase | 6.09% | 11/21/24 |
| 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. | ||
Trademark Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
45Origination Dollar Volume (All Markets)
$3,015,000Top 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 |
|---|---|---|---|---|---|
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 23 | $1,695,000 | $73,696 | $521 | 7.32% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 14 | $950,000 | $67,857 | $0 | 7.08% |
| Outside of Metro Areas | 6 | $280,000 | $46,667 | $0 | 7.23% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.19% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.19% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $1,920,000 | $73,846 | $521 | 6.81% |
| HELOC | 19 | $1,095,000 | $57,632 | n/a | 7.70% |
For 2023, Trademark's most frequently originated type of loan was Conventional, with 26 originations. Their 2nd most popular type was HELOC, with 19 originations.
Loan Reason
For 2023, Trademark's most frequently cited loan purpose was Home Improvement, with 29 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
For 2023, Trademark's most frequently cited loan duration was Other, with 19 originations. The 2nd most popular length was 15 Year, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 18 | $1,250,000 | $69,444 |
| 7-8% | 16 | $1,160,000 | $72,500 |
| Over 8% | 6 | $330,000 | $55,000 |
| 5-6% | 5 | $275,000 | $55,000 |
During 2023, Trademark's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 18 originations.
Loan Sizing
2023 saw Trademark place emphasis on $100,000 or less loans with 38 originations, totaling $1,930,000 in origination value.
Applicant Income
Trademark lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
Trademark lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $3,015,000 | $67,000 | $521 | 7.18% |
Approval Rates
Total approvals of all applications91.80%
Trademark has an average approval rate.
Pick Rate
Approvals leading to origination75.56%
Trademark has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 45 | $3,015,000 | $67,000 |