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, Forest City, Shelby, and Asheville 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 a below average pick rate when compared to similar lenders.
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Originations
169Origination Dollar Volume (All Markets)
$43,265,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 83 | $27,855,000 | $335,602 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 52 | $6,200,000 | $119,231 | $0 | 0.00% |
| Forest City, NC (FHA|USDA|VA) | 21 | $3,635,000 | $173,095 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 7 | $1,875,000 | $267,857 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $1,565,000 | $1,565,000 | $0 | 0.00% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 169 | $43,265,000 | $256,006 | $0 | 0.00% |
For 2019, Carolina Trust Bank's most frequently originated type of loan was Conventional, with 169 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 109 | $22,865,000 | $209,771 | $0 | 0.00% |
| Refi | 54 | $19,750,000 | $365,741 | $0 | 0.00% |
| Home Improvement | 6 | $650,000 | $108,333 | $0 | 0.00% |
For 2019, Carolina Trust Bank's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Refi, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 169 | $43,265,000 | $256,006 | $0 | 0.00% |
For 2019, Carolina Trust Bank's most frequently cited loan duration was Other, with 169 originations.
Loan Sizing
2019 saw Carolina Trust Bank place emphasis on $100,000 or less loans with 91 originations, totaling $5,905,000 in origination value.
Applicant Income
Carolina Trust Bank lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 169 | $43,265,000 | $256,006 | $0 | 0.00% |
Carolina Trust Bank lent most frequently to those with DTI ratios of Exempt%, with 169 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.02%
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 origination86.98%
Carolina Trust Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 169 | $43,265,000 | $256,006 |