Trademark Mortgage Rates, Fees & Info

Augusta, ME

LEI: 549300MN2NONI4E6X341

Tax ID: 01-0247679

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Trademark is a smaller mortgage company specializing in Other loans. Trademark has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Augusta, Bangor, Laconia, and Lewiston among others. We have data for 9 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. Trademark is typically a low 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/17/24
    30 Year Conventional Purchase 6.75% 11/17/24
    30 Year Cash-out Refi 6.33% 11/17/24
    15 Year Conventional Purchase 6.09% 11/17/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Trademark. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    68

    Origination Dollar Volume (All Markets)

    $4,600,000

    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
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 27 $2,075,000 $76,852 $782 5.12%
    Augusta-Waterville, ME (FHA|USDA|VA) 19 $1,195,000 $62,895 $428 4.81%
    Outside of Metro Areas 15 $765,000 $51,000 $353 5.06%
    BANGOR, ME (FHA|USDA|VA) 2 $340,000 $170,000 $2,752 4.38%
    Laconia, NH (FHA|USDA|VA) 1 $85,000 $85,000 $296 7.50%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.00%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $25,000 $25,000 $460 4.49%
    SYRACUSE, NY (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.50%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.25%
    Trademark's top markets include Portland, Augusta, Bangor, Laconia, and Lewiston among others.

    Their top states include:
  • Maine (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 42 $3,430,000 $81,667 $677 4.81%
    HELOC 26 $1,170,000 $45,000 n/a 5.34%

    For 2019, Trademark's most frequently originated type of loan was Conventional, with 42 originations. Their 2nd most popular type was HELOC, with 26 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 29 $1,745,000 $60,172 $442 5.23%
    Home Improvement 23 $885,000 $38,478 $444 5.06%
    Refi 7 $655,000 $93,571 $1,157 5.02%
    Cash Out Refi 6 $590,000 $98,333 $388 4.45%
    Home Purchase 3 $725,000 $241,667 $2,940 3.71%

    For 2019, Trademark's most frequently cited loan purpose was Other, with 29 originations. The 2nd most popular reason was Home Improvement, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $1,170,000 $45,000 $0 5.34%
    15 Year 21 $1,785,000 $85,000 $450 5.16%
    10 Year 11 $495,000 $45,000 $434 4.69%
    5 Year 6 $270,000 $45,000 $307 4.32%
    30 Year 4 $880,000 $220,000 $2,941 4.06%

    For 2019, Trademark's most frequently cited loan duration was Other, with 26 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3 $725,000 $241,667

    Trademark's average total fees were $2,941, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 43 $2,855,000 $66,395
    5-6% 11 $595,000 $54,091
    6-7% 6 $220,000 $36,667
    3-4% 3 $725,000 $241,667
    7-8% 2 $120,000 $60,000
    Over 8% 2 $60,000 $30,000
    <2.5% 1 $25,000 $25,000

    During 2019, Trademark's average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 4-5%, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,005,000 $50,932 $385 5.14%
    $100k-200k 7 $1,055,000 $150,714 $1,266 4.31%
    $200k-400k 2 $540,000 $270,000 $3,129 3.75%

    2019 saw Trademark place emphasis on $100,000 or less loans with 59 originations, totaling $3,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 21 $1,325,000 $63,095 $617 4.67%
    $100k-150k 17 $1,435,000 $84,412 $821 5.35%
    $75k-100k 11 $925,000 $84,091 $1,144 5.17%
    $50k or less 10 $380,000 $38,000 $313 4.52%
    $150k-250k 8 $440,000 $55,000 $311 5.72%
    $250k+ 1 $95,000 $95,000 $0 4.24%

    Trademark lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $880,000 $55,000 $466 4.87%
    <20% 16 $1,020,000 $63,750 $357 4.71%
    30-36% 9 $735,000 $81,667 $717 4.69%
    41% 4 $150,000 $37,500 $619 6.50%
    44% 3 $325,000 $108,333 $1,429 5.71%
    37% 3 $345,000 $115,000 $1,264 5.00%
    50-60% 3 $75,000 $25,000 $710 5.92%
    45% 3 $95,000 $31,667 $771 4.00%
    40% 2 $130,000 $65,000 $0 5.13%
    49% 2 $170,000 $85,000 $1,620 5.06%
    >60% 1 $155,000 $155,000 $871 4.24%
    36% 1 $165,000 $165,000 $756 4.24%
    42% 1 $85,000 $85,000 $0 5.00%
    43% 1 $25,000 $25,000 $0 8.50%
    46% 1 $85,000 $85,000 $296 4.24%
    47% 1 $15,000 $15,000 $0 6.50%
    48% 1 $145,000 $145,000 $231 4.49%

    Trademark lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 68 $4,600,000 $67,647 $677 5.01%

    Approval Rates

    Total approvals of all applications
    97.65%

    Trademark 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
    77.94%

    Trademark has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 68 $4,600,000 $67,647

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 68 $4,600,000 $67,647

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $960,000 $60,000 $406 5.12%
    40-60% 10 $900,000 $90,000 $627 4.48%
    60-80% 9 $1,015,000 $112,778 $609 4.66%
    80-100% 3 $725,000 $241,667 $2,940 3.71%
    Under 20% 28 $890,000 $31,786 $433 5.43%

    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%