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
Jump to:
Mortgage Data
Review & Overview
Carolina Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Carolina Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Charleston, Georgetown, Greenville, and Myrtle Beach among others. We have data for 11 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
73Origination Dollar Volume (All Markets)
$18,975,000Top 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) | 54 | $10,440,000 | $193,333 | $0 | 0.00% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $2,535,000 | $845,000 | $0 | 0.00% |
Georgetown, SC (FHA|USDA|VA) | 2 | $2,130,000 | $1,065,000 | $0 | 0.00% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $0 | 0.00% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 0.00% |
COLUMBIA, SC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
Outside of Metro Areas | 2 | $510,000 | $255,000 | $0 | 0.00% |
Steamboat Springs, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Bennettsville, SC (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
SUMTER, SC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 73 | $18,975,000 | $259,932 | $0 | 0.00% |
For 2019, Carolina Bank & Trust's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 52 | $12,140,000 | $233,462 | $0 | 0.00% |
Refi | 17 | $4,555,000 | $267,941 | $0 | 0.00% |
Home Improvement | 4 | $2,280,000 | $570,000 | $0 | 0.00% |
For 2019, Carolina Bank & Trust's most frequently cited loan purpose was Home Purchase, with 52 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 | 73 | $18,975,000 | $259,932 | $0 | 0.00% |
For 2019, Carolina Bank & Trust's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2019 saw Carolina Bank & Trust place emphasis on $100,000 or less loans with 22 originations, totaling $1,210,000 in origination value.
Applicant Income
Carolina Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 73 | $18,975,000 | $259,932 | $0 | 0.00% |
Carolina Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.86%
Carolina Bank & Trust has a below average approval rate.
Pick Rate
Approvals leading to origination82.19%
Carolina Bank & Trust has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 73 | $18,975,000 | $259,932 |