Carolina Bank & Trust Mortgage Rates, Fees & Info
Florence, SCLEI: 549300U2ACJ0QKSFKY48
Tax ID: 57-0294574
Latest/2023 | 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, Raleigh, and Georgetown among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Carolina Bank & Trust has an 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
78Origination Dollar Volume (All Markets)
$15,490,000Top 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) | 63 | $10,815,000 | $171,667 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $2,310,000 | $577,500 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Bennettsville, SC (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $15,490,000 | $198,590 | $0 | 0.00% |
For 2018, Carolina Bank & Trust's most frequently originated type of loan was Conventional, with 78 originations.
Loan Reason
For 2018, Carolina Bank & Trust's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $15,490,000 | $198,590 | $0 | 0.00% |
For 2018, Carolina Bank & Trust's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2018 saw Carolina Bank & Trust place emphasis on $100,000 or less loans with 35 originations, totaling $1,945,000 in origination value.
Applicant Income
Carolina Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $15,490,000 | $198,590 | $0 | 0.00% |
Carolina Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.76%
Carolina Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination89.74%
Carolina Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $15,490,000 | $198,590 |