Carolina Trust Bank Mortgage Rates, Fees & Info
Lincolnton, NCLEI: 549300RYMPSWQXBOPX71
Tax ID: 56-2197865
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Mortgage Data
Review & Overview
Carolina Trust Bank is a smaller bank specializing in Home Purchase and Refi loans. Carolina Trust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Hickory, Shelby, Forest City, and Winston among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Carolina Trust Bank 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
143Origination Dollar Volume (All Markets)
$19,685,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 61 | $8,895,000 | $145,820 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 56 | $7,420,000 | $132,500 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $0 | 0.00% |
| Forest City, NC (FHA|USDA|VA) | 15 | $905,000 | $60,333 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 143 | $19,685,000 | $137,657 | $0 | 0.00% |
For 2018, Carolina Trust Bank's most frequently originated type of loan was Conventional, with 143 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 103 | $14,755,000 | $143,252 | $0 | 0.00% |
| Refi | 29 | $4,185,000 | $144,310 | $0 | 0.00% |
| Home Improvement | 11 | $745,000 | $67,727 | $0 | 0.00% |
For 2018, Carolina Trust Bank's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 143 | $19,685,000 | $137,657 | $0 | 0.00% |
For 2018, Carolina Trust Bank's most frequently cited loan duration was Other, with 143 originations.
Loan Sizing
2018 saw Carolina Trust Bank place emphasis on $100,000 or less loans with 82 originations, totaling $4,540,000 in origination value.
Applicant Income
Carolina Trust Bank lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 143 | $19,685,000 | $137,657 | $0 | 0.00% |
Carolina Trust Bank lent most frequently to those with DTI ratios of Exempt%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.23%
Carolina Trust Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.01%
Carolina Trust Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 143 | $19,685,000 | $137,657 |