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, Ponce, San GermÁn, and Aguadilla 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 a high 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.55% | 11/17/24 |
| 30 Year FHA Purchase | 7.28% | 11/17/24 |
| 30 Year FHA Refi | 6.05% | 11/17/24 |
| 30 Year VA Purchase | 6.60% | 11/17/24 |
| 30 Year USDA Purchase | 6.82% | 11/17/24 |
| 15 Year FHA Purchase | 6.71% | 11/17/24 |
| 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
378Origination Dollar Volume (All Markets)
$47,550,000Awards
TRUST MORTGAGE CORP - 2023
TRUST MORTGAGE CORP is a 2023 , due to their low .
For 2023, 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
6.44%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.04%.
Relative Fees (Closing Costs)
Trust Mortgage Corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,968.
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 $9,089.
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) | 342 | $43,580,000 | $127,427 | $9,053 | 6.44% |
| Arecibo, PR (FHA|USDA|VA) | 11 | $1,365,000 | $124,091 | $9,150 | 6.36% |
| PONCE, PR (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $7,143 | 6.54% |
| SAN GERMÁN, PR (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $8,793 | 6.94% |
| AGUADILLA-ISABELA, PR (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $9,766 | 6.00% |
| Santa Isabel, PR (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $9,369 | 6.67% |
| MAYAGÜEZ, PR (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,661 | 7.13% |
| GUAYAMA, PR (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $6,113 | 6.08% |
| Coamo, PR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $6,695 | 6.13% |
| YAUCO, PR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $10,308 | 6.75% |
| Coco, PR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,497 | 5.75% |
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.
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Product Mix
For 2023, Trust Mortgage Corp's most frequently originated type of loan was FHA, with 243 originations. Their 2nd most popular type was USDA, with 66 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 378 | $47,550,000 | $125,794 | $8,977 | 6.44% |
For 2023, Trust Mortgage Corp's most frequently cited loan purpose was Home Purchase, with 378 originations.
Loan Duration/Length
For 2023, Trust Mortgage Corp's most frequently cited loan duration was 30 Year, with 373 originations. The 2nd most popular length was 20 Year, with 3 originations.
Origination Fees/Closing Costs
Trust Mortgage Corp's average total fees were $8,968, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 99 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 193 | $23,255,000 | $120,492 |
| 5-6% | 133 | $18,765,000 | $141,090 |
| 7-8% | 40 | $4,350,000 | $108,750 |
| Over 8% | 12 | $1,180,000 | $98,333 |
During 2023, Trust Mortgage Corp's average interest rate for loans was 6.44%, while their most frequently originated rate bucket for loans was 6-7%, with 193 originations.
Loan Sizing
2023 saw Trust Mortgage Corp place emphasis on $100k-200k loans with 192 originations, totaling $26,320,000 in origination value.
Applicant Income
Trust Mortgage Corp lent most frequently to those with incomes in the $50k or less range, with 248 originations. The second most popular income band? $50k-75k, with 75 originations.
Applicant Debt to Income Ratio
Trust Mortgage Corp lent most frequently to those with DTI ratios of 30-36%, with 63 originations. The next most common DTI ratio? 20-30%, with 53 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 377 | $47,375,000 | $125,663 | $8,992 | 6.43% |
| Black | 1 | $175,000 | $175,000 | $3,053 | 7.38% |
Approval Rates
Total approvals of all applications86.50%
Trust Mortgage Corp has an average approval rate.
Pick Rate
Approvals leading to origination82.28%
Trust Mortgage Corp has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 378 | $47,550,000 | $125,794 |