Carolina Bank & Trust Mortgage Rates, Fees & Info
Florence, SCLEI: 549300U2ACJ0QKSFKY48
Tax ID: 57-0294574
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Carolina Bank & Trust is a smaller bank specializing in Home Purchase loans. Carolina Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Charleston, Myrtle Beach, Sumter, and Columbia among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Carolina Bank & Trust 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
75Origination Dollar Volume (All Markets)
$20,935,000Top 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 |
|---|---|---|---|---|---|
| FLORENCE, SC (FHA|USDA|VA) | 47 | $10,125,000 | $215,426 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $3,015,000 | $1,005,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $2,775,000 | $925,000 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $2,465,000 | $189,615 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Bennettsville, SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $20,935,000 | $279,133 | $0 | 0.00% |
For 2024, Carolina Bank & Trust's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2024, Carolina Bank & Trust's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Home Improvement, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $20,935,000 | $279,133 | $0 | 0.00% |
For 2024, Carolina Bank & Trust's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2024 saw Carolina Bank & Trust place emphasis on $100k-200k loans with 26 originations, totaling $3,750,000 in origination value.
Applicant Income
Carolina Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $20,935,000 | $279,133 | $0 | 0.00% |
Carolina Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.17%
Carolina Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination65.33%
Carolina Bank & Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $20,935,000 | $279,133 |