Commercial Trust Company Of Fayette Mortgage Rates, Fees & Info
Fayette, MOLEI: 549300OLRFUNCEDVGB16
Tax ID: 43-0224210
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Mortgage Data
Review & Overview
Commercial Trust Company Of Fayette is a smaller mortgage company specializing in Home Purchase loans. Commercial Trust Company Of Fayette has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Mexico, Hannibal, Moberly, and Jefferson City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Commercial Trust Company Of Fayette has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
90Origination Dollar Volume (All Markets)
$16,050,000Top 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 |
|---|---|---|---|---|---|
| COLUMBIA, MO (FHA|USDA|VA) | 80 | $14,390,000 | $179,875 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Moberly, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 90 | $16,050,000 | $178,333 | $0 | 0.00% |
For 2023, Commercial Trust Company Of Fayette's most frequently originated type of loan was Conventional, with 90 originations.
Loan Reason
For 2023, Commercial Trust Company Of Fayette's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 90 | $16,050,000 | $178,333 | $0 | 0.00% |
For 2023, Commercial Trust Company Of Fayette's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2023 saw Commercial Trust Company Of Fayette place emphasis on $100,000 or less loans with 37 originations, totaling $1,825,000 in origination value.
Applicant Income
Commercial Trust Company Of Fayette lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $75k-100k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 90 | $16,050,000 | $178,333 | $0 | 0.00% |
Commercial Trust Company Of Fayette lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 84 | $14,650,000 | $174,405 | $0 | 0.00% |
| Not applicable | 6 | $1,400,000 | $233,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.16%
Commercial Trust Company Of Fayette has an average approval rate.
Pick Rate
Approvals leading to origination96.67%
Commercial Trust Company Of Fayette has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $16,050,000 | $178,333 |