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 and Refi loans. Commercial Trust Company Of Fayette has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Moberly, Kansas City, Mexico, and St. Louis among others. We have data for 10 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
185Origination Dollar Volume (All Markets)
$30,265,000Top 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) | 146 | $23,650,000 | $161,986 | $0 | 0.00% |
| Moberly, MO (FHA|USDA|VA) | 20 | $2,700,000 | $135,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,850,000 | $308,333 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 185 | $30,265,000 | $163,595 | $0 | 0.00% |
For 2022, Commercial Trust Company Of Fayette's most frequently originated type of loan was Conventional, with 185 originations.
Loan Reason
For 2022, Commercial Trust Company Of Fayette's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Refi, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 185 | $30,265,000 | $163,595 | $0 | 0.00% |
For 2022, Commercial Trust Company Of Fayette's most frequently cited loan duration was Other, with 185 originations.
Loan Sizing
2022 saw Commercial Trust Company Of Fayette place emphasis on $100k-200k loans with 71 originations, totaling $10,365,000 in origination value.
Applicant Income
Commercial Trust Company Of Fayette lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $100k-150k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 185 | $30,265,000 | $163,595 | $0 | 0.00% |
Commercial Trust Company Of Fayette lent most frequently to those with DTI ratios of Exempt%, with 185 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.65%
Commercial Trust Company Of Fayette has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.81%
Commercial Trust Company Of Fayette has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 185 | $30,265,000 | $163,595 |