Trust Mortgage Corp Rates, Fees & InfoSan Juan,
Tax ID: 66-0736233
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewTrust 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, San GermÁn, and Guayama 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.55%||4/2/23|
|30 Year FHA Purchase||7.28%||4/2/23|
|30 Year FHA Refi||6.05%||4/2/23|
|30 Year VA Purchase||6.60%||4/2/23|
|30 Year USDA Purchase||6.82%||4/2/23|
|15 Year FHA Purchase||6.71%||4/2/23|
|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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$54,885,000
Trust Mortgage Corp's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.4%.
Relative Fees (Closing Costs)
Trust Mortgage Corp's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,857.
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 $4,750.
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)||375||$50,335,000||$134,227||$11,087||5.20%|
|Arecibo, PR (FHA|USDA|VA)||13||$1,415,000||$108,846||$9,253||5.35%|
|AGUADILLA-ISABELA, PR (FHA|USDA|VA)||8||$1,040,000||$130,000||$9,435||4.38%|
|SAN GERMÁN, PR (FHA|USDA|VA)||6||$780,000||$130,000||$9,088||4.67%|
|GUAYAMA, PR (FHA|USDA|VA)||4||$380,000||$95,000||$8,160||4.44%|
|Coamo, PR (FHA|USDA|VA)||3||$285,000||$95,000||$6,236||4.50%|
|Jayuya, PR (FHA|USDA|VA)||1||$235,000||$235,000||$10,216||4.00%|
|Coco, PR (FHA|USDA|VA)||2||$130,000||$65,000||$5,172||4.88%|
|YAUCO, PR (FHA|USDA|VA)||1||$125,000||$125,000||$7,578||5.25%|
|PONCE, PR (FHA|USDA|VA)||1||$95,000||$95,000||$7,920||3.00%|
|Santa Isabel, PR (FHA|USDA|VA)||1||$65,000||$65,000||$6,280||6.25%|
Their top states include:
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: 18
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Similarity Rank: 150
Similarity Rank: 264
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Trust Mortgage Corp's most frequently originated type of loan was FHA, with 250 originations. Their 2nd most popular type was USDA, with 90 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Trust Mortgage Corp's most frequently cited loan purpose was Home Purchase, with 414 originations. The 2nd most popular reason was Refi, with 1 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Trust Mortgage Corp's most frequently cited loan duration was 30 Year, with 414 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Trust Mortgage Corp's average total fees were $10,857, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 151 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Trust Mortgage Corp's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 146 originations.
2022 saw Trust Mortgage Corp place emphasis on $100k-200k loans with 224 originations, totaling $29,640,000 in origination value.
Trust Mortgage Corp lent most frequently to those with incomes in the $50k or less range, with 269 originations. The second most popular income band? $50k-75k, with 77 originations.
Applicant Debt to Income Ratio
Trust Mortgage Corp lent most frequently to those with DTI ratios of 30-36%, with 78 originations. The next most common DTI ratio? 20-30%, with 49 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Trust Mortgage Corp has a below average approval rate.
Pick RateApprovals leading to origination
Trust Mortgage Corp has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|TRUIST FINANCIAL CORPORATION||Conventional home mortgage||Trouble during payment process||3||37.5%|
|TRUIST FINANCIAL CORPORATION||FHA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||12.5%|
|TRUIST FINANCIAL CORPORATION||FHA mortgage||Struggling to pay mortgage||1||12.5%|
|TRUIST FINANCIAL CORPORATION||FHA mortgage||Trouble during payment process||1||12.5%|
|TRUIST FINANCIAL CORPORATION||Other type of mortgage||Struggling to pay mortgage||1||12.5%|
|TRUIST FINANCIAL CORPORATION||VA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||12.5%|