Carolina Bank & Trust Mortgage Rates, Fees & Info

Florence, SC

LEI: 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 loans. Carolina Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Myrtle Beach, Charleston, Greenville, and Columbia among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Carolina Bank & Trust has an above 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

156

Origination Dollar Volume (All Markets)

$56,680,000

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) 97 $24,135,000 $248,814 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 13 $10,475,000 $805,769 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $6,850,000 $1,141,667 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $5,225,000 $1,045,000 $0 0.00%
Outside of Metro Areas 15 $3,315,000 $221,000 $0 0.00%
COLUMBIA, SC (FHA|USDA|VA) 4 $3,050,000 $762,500 $0 0.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $765,000 $765,000 $0 0.00%
Boone, NC (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
Seneca, SC (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
Georgetown, SC (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
Bennettsville, SC (FHA|USDA|VA) 6 $420,000 $70,000 $0 0.00%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
SUMTER, SC (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Ruston, LA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Carolina Bank & Trust's top markets include Florence, Myrtle Beach, Charleston, Greenville, and Columbia among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 156 $56,680,000 $363,333 $0 0.00%

    For 2022, Carolina Bank & Trust's most frequently originated type of loan was Conventional, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 116 $44,340,000 $382,241 $0 0.00%
    Refi 22 $10,410,000 $473,182 $0 0.00%
    Home Improvement 10 $520,000 $52,000 $0 0.00%
    Other 8 $1,410,000 $176,250 $0 0.00%

    For 2022, Carolina Bank & Trust's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 156 $56,680,000 $363,333 $0 0.00%

    For 2022, Carolina Bank & Trust's most frequently cited loan duration was Other, with 156 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 44 $6,280,000 $142,727 $0 0.00%
    $100,000 or less 39 $2,405,000 $61,667 $0 0.00%
    $200k-400k 36 $10,680,000 $296,667 $0 0.00%
    $400k-600k 17 $7,955,000 $467,941 $0 0.00%
    $1MM+ 10 $22,190,000 $2,219,000 $0 0.00%
    $600k-1MM 10 $7,170,000 $717,000 $0 0.00%

    2022 saw Carolina Bank & Trust place emphasis on $100k-200k loans with 44 originations, totaling $6,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 22 $19,430,000 $883,182 $0 0.00%
    $100k-150k 21 $5,225,000 $248,810 $0 0.00%
    $50k or less 17 $1,815,000 $106,765 $0 0.00%
    $150k-250k 16 $5,030,000 $314,375 $0 0.00%
    $50k-75k 16 $1,920,000 $120,000 $0 0.00%
    $75k-100k 12 $3,350,000 $279,167 $0 0.00%

    Carolina Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 22 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 156 $56,680,000 $363,333 $0 0.00%

    Carolina Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 156 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 97 $32,315,000 $333,144 $0 0.00%
    Not applicable 48 $18,860,000 $392,917 $0 0.00%
    Asian 6 $4,570,000 $761,667 $0 0.00%
    Black 5 $935,000 $187,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    Carolina Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.90%

    Carolina Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 156 $56,680,000 $363,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    156 $56,680,000 $363,333