Trust Mortgage Corp Rates, Fees & Info
San Juan,LEI: 549300YPNOE7JUQFYZ45
Tax ID: 66-0736233
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Mortgage Data
Review & Overview
Trust Mortgage Corp is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Trust Mortgage Corp has an average proportion of conventional loans. Their top markets by origination volume include: San Juan, Arecibo, Aguadilla, MayagÜez, and San GermÁn among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Trust Mortgage Corp 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. Trust Mortgage Corp is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.34% | 4/5/25 |
| 30 Year Cash-out Refi | 7.64% | 4/5/25 |
| 30 Year FHA Purchase | 7.21% | 4/5/25 |
| 30 Year FHA Refi | 6.33% | 4/5/25 |
| 30 Year VA Purchase | 6.59% | 4/5/25 |
| 30 Year USDA Purchase | 7.20% | 4/5/25 |
| 15 Year FHA Refi | 6.18% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Trust Mortgage Corp Mortgage Calculator
Your Estimates
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This is not an official calculator from Trust Mortgage Corp. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
355Origination Dollar Volume (All Markets)
$50,665,000Awards
TRUST MORTGAGE CORP - 2024
TRUST MORTGAGE CORP is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Trust Mortgage Corp's average 30 year fixed mortgage rate was
6.42%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.13%.
Relative Fees (Closing Costs)
Trust Mortgage Corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,734.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 317 | $45,445,000 | $143,360 | $9,809 | 6.41% |
| Arecibo, PR (FHA|USDA|VA) | 19 | $2,655,000 | $139,737 | $9,560 | 6.46% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $7,318 | 6.79% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $12,729 | 6.25% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $6,292 | 6.53% |
| GUAYAMA, PR (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $10,960 | 6.33% |
| PONCE, PR (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,965 | 5.63% |
| Jayuya, PR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,489 | 5.75% |
| Coamo, PR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,819 | 7.50% |
| YAUCO, PR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,451 | 9.50% |
| Coco, PR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $8,933 | 6.75% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against TRUST MORTGAGE CORP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 4
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Product Mix
For 2024, Trust Mortgage Corp's most frequently originated type of loan was FHA, with 245 originations. Their 2nd most popular type was USDA, with 61 originations.
Loan Reason
For 2024, Trust Mortgage Corp's most frequently cited loan purpose was Home Purchase, with 345 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 354 | $50,580,000 | $142,881 | $9,734 | 6.42% |
| 15 Year | 1 | $85,000 | $85,000 | $6,768 | 5.75% |
For 2024, Trust Mortgage Corp's most frequently cited loan duration was 30 Year, with 354 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Trust Mortgage Corp's average total fees were $9,734, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 94 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 199 | $27,345,000 | $137,412 |
| 5-6% | 118 | $18,440,000 | $156,271 |
| 7-8% | 29 | $3,795,000 | $130,862 |
| Over 8% | 9 | $1,085,000 | $120,556 |
During 2024, Trust Mortgage Corp's average interest rate for loans was 6.42%, while their most frequently originated rate bucket for loans was 6-7%, with 199 originations.
Loan Sizing
2024 saw Trust Mortgage Corp place emphasis on $100k-200k loans with 206 originations, totaling $29,120,000 in origination value.
Applicant Income
Trust Mortgage Corp lent most frequently to those with incomes in the $50k or less range, with 207 originations. The second most popular income band? $50k-75k, with 91 originations.
Applicant Debt to Income Ratio
Trust Mortgage Corp lent most frequently to those with DTI ratios of 30-36%, with 59 originations. The next most common DTI ratio? 20-30%, with 38 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 353 | $50,355,000 | $142,649 | $9,693 | 6.42% |
| Black | 2 | $310,000 | $155,000 | $15,445 | 6.13% |
Approval Rates
Total approvals of all applications89.29%
Trust Mortgage Corp has an average approval rate.
Pick Rate
Approvals leading to origination78.87%
Trust Mortgage Corp has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 355 | $50,665,000 | $142,718 |