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 and Refi loans. Carolina Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Georgetown, Myrtle Beach, Charleston, and Seneca among others. We have data for 18 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
169Origination Dollar Volume (All Markets)
$45,715,000Top 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) | 105 | $25,845,000 | $246,143 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 4 | $3,350,000 | $837,500 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 11 | $3,275,000 | $297,727 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $2,300,000 | $164,286 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $2,055,000 | $411,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 2 | $1,780,000 | $890,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $0 | 0.00% |
| Bennettsville, SC (FHA|USDA|VA) | 10 | $1,400,000 | $140,000 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Forest City, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 169 | $45,715,000 | $270,503 | $0 | 0.00% |
For 2021, Carolina Bank & Trust's most frequently originated type of loan was Conventional, with 169 originations.
Loan Reason
For 2021, Carolina Bank & Trust's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Refi, with 49 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 169 | $45,715,000 | $270,503 | $0 | 0.00% |
For 2021, Carolina Bank & Trust's most frequently cited loan duration was Other, with 169 originations.
Loan Sizing
2021 saw Carolina Bank & Trust place emphasis on $200k-400k loans with 57 originations, totaling $15,765,000 in origination value.
Applicant Income
Carolina Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 169 | $45,715,000 | $270,503 | $0 | 0.00% |
Carolina Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 169 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.35%
Carolina Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination85.80%
Carolina Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 169 | $45,715,000 | $270,503 |