Merchants Mortgage & Trust Corporation Rates, Fees & Info

Greenwood Village, CO

LEI: 549300YX5RPSSMR88K92

Tax ID: 84-1296387

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Mortgage Data

Review & Overview

Merchants Mortgage & Trust Corporation is a smaller mortgage company specializing in Home Purchase loans. Merchants Mortgage & Trust Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Denver, Seattle, Phoenix, and Portland among others. We have data for 92 markets. (Some data included below & more in-depth data is available with an active subscription.)

Merchants Mortgage & Trust Corporation 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. 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.

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 6.27% 7/14/24
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.

Merchants Mortgage & Trust Corporation Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Merchants Mortgage & Trust Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,094

Origination Dollar Volume (All Markets)

$582,870,000

Relative Rate

Merchants Mortgage & Trust Corporation's average 30 year fixed mortgage rate was 8.03%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.55%.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 181 $170,705,000 $943,122 $0 10.28%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 225 $116,255,000 $516,689 $0 10.42%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 91 $52,295,000 $574,670 $0 10.70%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 68 $41,730,000 $613,676 $0 10.87%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 60 $27,040,000 $450,667 $0 10.48%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 24 $24,340,000 $1,014,167 $0 10.25%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 55 $23,805,000 $432,818 $0 10.14%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 53 $19,925,000 $375,943 $0 10.25%
BOULDER, CO (FHA|USDA|VA) 17 $13,675,000 $804,412 $0 11.16%
KANSAS CITY, MO-KS (FHA|USDA|VA) 55 $9,765,000 $177,545 $0 10.85%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 8 $6,770,000 $846,250 $0 10.69%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $4,855,000 $971,000 $0 10.35%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $4,430,000 $443,000 $0 10.58%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $3,880,000 $970,000 $0 9.81%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $3,305,000 $661,000 $0 10.25%
BAKERSFIELD, CA (FHA|USDA|VA) 17 $3,225,000 $189,706 $0 10.99%
COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $3,045,000 $276,818 $0 10.11%
GREELEY, CO (FHA|USDA|VA) 9 $2,785,000 $309,444 $0 10.28%
SALEM, OR (FHA|USDA|VA) 9 $2,755,000 $306,111 $0 10.58%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $2,745,000 $392,143 $0 10.39%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $2,445,000 $815,000 $0 10.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $2,280,000 $285,000 $0 10.86%
NAPA, CA (FHA|USDA|VA) 2 $2,050,000 $1,025,000 $0 10.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,835,000 $367,000 $0 10.70%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,800,000 $450,000 $0 10.69%
JACKSONVILLE, FL (FHA|USDA|VA) 9 $1,715,000 $190,556 $0 10.44%
FORT COLLINS, CO (FHA|USDA|VA) 5 $1,695,000 $339,000 $0 9.80%
STOCKTON, CA (FHA|USDA|VA) 5 $1,485,000 $297,000 $0 10.15%
Outside of Metro Areas 5 $1,385,000 $277,000 $0 11.65%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $1,370,000 $171,250 $0 10.81%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,225,000 $408,333 $0 10.25%
BEND, OR (FHA|USDA|VA) 2 $1,210,000 $605,000 $0 10.75%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,030,000 $515,000 $0 9.75%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 9.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $995,000 $199,000 $0 11.05%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $900,000 $450,000 $0 10.00%
Steamboat Springs, CO (FHA|USDA|VA) 1 $805,000 $805,000 $0 9.75%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $695,000 $695,000 $0 11.50%
Hilo, HI (FHA|USDA|VA) 1 $695,000 $695,000 $0 11.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 9 $675,000 $75,000 $0 11.33%
FRESNO, CA (FHA|USDA|VA) 2 $670,000 $335,000 $0 10.75%
MONTGOMERY, AL (FHA|USDA|VA) 5 $665,000 $133,000 $0 11.10%
PUEBLO, CO (FHA|USDA|VA) 5 $645,000 $129,000 $0 11.45%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $645,000 $129,000 $0 11.20%
MODESTO, CA (FHA|USDA|VA) 3 $645,000 $215,000 $0 10.33%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $635,000 $127,000 $0 10.60%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $625,000 $208,333 $0 10.67%
REDDING, CA (FHA|USDA|VA) 2 $620,000 $310,000 $0 10.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $590,000 $147,500 $0 10.38%
LONGVIEW, WA (FHA|USDA|VA) 2 $560,000 $280,000 $0 11.25%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $560,000 $280,000 $0 10.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $560,000 $140,000 $0 10.50%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $530,000 $265,000 $0 10.63%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $485,000 $161,667 $0 10.67%
COLUMBUS, OH (FHA|USDA|VA) 2 $470,000 $235,000 $0 10.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $465,000 $155,000 $0 10.50%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $465,000 $465,000 $0 11.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $455,000 $151,667 $0 11.00%
YUBA CITY, CA (FHA|USDA|VA) 2 $450,000 $225,000 $0 9.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $440,000 $220,000 $0 10.38%
Sonora, CA (FHA|USDA|VA) 2 $440,000 $220,000 $0 10.63%
TUCSON, AZ (FHA|USDA|VA) 2 $400,000 $200,000 $0 10.38%
OCALA, FL (FHA|USDA|VA) 2 $390,000 $195,000 $0 11.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $380,000 $190,000 $0 10.75%
VALLEJO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $0 10.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 10.50%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $305,000 $305,000 $0 10.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $285,000 $285,000 $0 13.00%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $285,000 $285,000 $0 10.50%
Payson, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $0 13.00%
Sterling, CO (FHA|USDA|VA) 2 $250,000 $125,000 $0 11.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 10.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 10.75%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 10.50%
MERCED, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 11.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 10.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $185,000 $185,000 $0 10.25%
Ottawa, IL (FHA|USDA|VA) 1 $185,000 $185,000 $0 11.00%
Red Bluff, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 12.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $170,000 $85,000 $0 11.75%
ODESSA, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 11.00%
Clewiston, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 12.00%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $160,000 $80,000 $0 12.50%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.75%
Roseburg, OR (FHA|USDA|VA) 1 $155,000 $155,000 $0 12.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.50%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $135,000 $135,000 $0 10.50%
MUNCIE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 10.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 12.00%
Shawnee, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.50%
Logansport, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.50%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.75%
Merchants Mortgage & Trust Corporation's top markets include Los Angeles, Denver, Seattle, Phoenix, and Portland among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,092 $581,690,000 $532,683 $0 10.52%
    HELOC 2 $1,180,000 $590,000 n/a 10.00%

    For 2023, Merchants Mortgage & Trust Corporation's most frequently originated type of loan was Conventional, with 1,092 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,017 $524,445,000 $515,678 $0 10.52%
    Refi 68 $52,760,000 $775,882 $0 10.55%
    Home Improvement 5 $3,885,000 $777,000 $0 11.55%
    Cash Out Refi 4 $1,780,000 $445,000 $0 10.06%

    For 2023, Merchants Mortgage & Trust Corporation's most frequently cited loan purpose was Home Purchase, with 1,017 originations. The 2nd most popular reason was Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 1,027 $511,475,000 $498,028 $0 10.53%
    Other 59 $67,515,000 $1,144,322 $0 10.61%
    30 Year 4 $1,250,000 $312,500 $0 8.03%
    3 Year 3 $1,805,000 $601,667 $0 10.08%
    30+ year 1 $825,000 $825,000 $0 11.00%

    For 2023, Merchants Mortgage & Trust Corporation's most frequently cited loan duration was 1 Year, with 1,027 originations. The 2nd most popular length was Other, with 59 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,091 $581,955,000 $533,414
    7-8% 3 $915,000 $305,000

    During 2023, Merchants Mortgage & Trust Corporation's average interest rate for loans was 8.03%, while their most frequently originated rate bucket for loans was Over 8%, with 1,091 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 369 $110,955,000 $300,691 $0 10.47%
    $400k-600k 243 $119,235,000 $490,679 $0 10.43%
    $600k-1MM 184 $142,610,000 $775,054 $0 10.40%
    $100k-200k 143 $21,575,000 $150,874 $0 10.84%
    $1MM+ 121 $185,815,000 $1,535,661 $0 10.49%
    $100,000 or less 34 $2,680,000 $78,824 $0 11.22%

    2023 saw Merchants Mortgage & Trust Corporation place emphasis on $200k-400k loans with 369 originations, totaling $110,955,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 1,092 $582,380,000 $533,315 $0 10.52%
    20-30% 1 $285,000 $285,000 $0 12.00%
    44% 1 $205,000 $205,000 $0 10.50%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 625 $313,515,000 $501,624 $0 10.53%
    Not provided 265 $155,205,000 $585,679 $0 10.35%
    Asian 120 $83,030,000 $691,917 $0 10.64%
    Black 59 $17,545,000 $297,373 $0 11.03%
    Other Pacific Islander 10 $4,710,000 $471,000 $0 10.40%
    American Indian 7 $3,725,000 $532,143 $0 10.46%
    Asian Indian 3 $2,645,000 $881,667 $0 9.50%
    Vietnamese 1 $1,035,000 $1,035,000 $0 11.00%
    Other Asian 2 $740,000 $370,000 $0 11.63%
    Native Hawaiian or Islander 2 $720,000 $360,000 $0 10.25%

    Approval Rates

    Total approvals of all applications
    99.83%

    Merchants Mortgage & Trust Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.95%

    Merchants Mortgage & Trust Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $285,000 $285,000
    10605.0 1 $515,000 $515,000
    11380.0 1 $875,000 $875,000
    8370.0 1 $525,000 $525,000
    8829.0 1 $465,000 $465,000
    NA 1,089 $580,205,000 $532,787

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,094 $582,870,000 $532,788

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $2,240,000 $373,333 $0 9.90%
    40-60% 29 $16,115,000 $555,690 $0 10.71%
    60-80% 95 $54,635,000 $575,105 $0 10.39%
    80-100% 455 $221,545,000 $486,912 $0 10.47%
    Over 100% 490 $273,910,000 $559,000 $0 10.59%
    Under 20% 5 $2,225,000 $445,000 $0 10.05%