Carolina Bank & Trust Mortgage Rates, Fees & Info
Florence, SCLEI: 549300U2ACJ0QKSFKY48
Tax ID: 57-0294574
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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.
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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 |