Carolina Bank & Trust Mortgage Rates, Fees & Info

Florence, SC

LEI: 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

73

Origination Dollar Volume (All Markets)

$18,975,000

Top 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%
Carolina Bank & Trust's top markets include Florence, Charleston, Georgetown, Greenville, and Myrtle Beach among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,210,000 $55,000 $0 0.00%
    $200k-400k 21 $6,025,000 $286,905 $0 0.00%
    $100k-200k 17 $2,535,000 $149,118 $0 0.00%
    $400k-600k 8 $3,870,000 $483,750 $0 0.00%
    $600k-1MM 3 $2,335,000 $778,333 $0 0.00%
    $1MM+ 2 $3,000,000 $1,500,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 13 $3,825,000 $294,231 $0 0.00%
    $50k or less 10 $650,000 $65,000 $0 0.00%
    $75k-100k 9 $1,635,000 $181,667 $0 0.00%
    $100k-150k 8 $1,940,000 $242,500 $0 0.00%
    $250k+ 7 $4,715,000 $673,571 $0 0.00%
    $50k-75k 6 $570,000 $95,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $13,265,000 $260,098 $0 0.00%
    Not applicable 20 $5,640,000 $282,000 $0 0.00%
    Black 2 $70,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.86%

    Carolina Bank & Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.19%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,480,000 $370,000
    Single Family (1-4 Units):Manufactured 9 $375,000 $41,667
    Single Family (1-4 Units):Site-Built 60 $17,120,000 $285,333