Merchants Mortgage & Trust Corporation Rates, Fees & Info
Greenwood Village, COLEI: 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. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Denver, Phoenix, Seattle, and San Diego among others. We have data for 116 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 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. | ||
Merchants Mortgage & Trust Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,306Origination Dollar Volume (All Markets)
$732,190,000Relative Rate
Merchants Mortgage & Trust Corporation's average 30 year fixed mortgage rate was
7.69%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 1.14%.
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) | 240 | $177,060,000 | $737,750 | $0 | 10.10% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 190 | $90,230,000 | $474,895 | $0 | 10.56% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 81 | $67,015,000 | $827,346 | $0 | 10.69% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 101 | $61,615,000 | $610,050 | $0 | 10.62% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 54 | $60,020,000 | $1,111,481 | $0 | 10.18% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 101 | $41,385,000 | $409,752 | $0 | 10.22% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 76 | $39,330,000 | $517,500 | $0 | 10.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 68 | $27,710,000 | $407,500 | $0 | 10.04% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 22 | $17,970,000 | $816,818 | $0 | 10.09% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $7,700,000 | $770,000 | $0 | 10.45% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $7,525,000 | $1,505,000 | $0 | 10.98% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $7,165,000 | $551,154 | $0 | 11.05% |
| BOULDER, CO (FHA|USDA|VA) | 12 | $6,920,000 | $576,667 | $0 | 10.23% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 6 | $6,600,000 | $1,100,000 | $0 | 9.96% |
| Outside of Metro Areas | 8 | $6,580,000 | $822,500 | $0 | 11.22% |
| STOCKTON, CA (FHA|USDA|VA) | 16 | $5,300,000 | $331,250 | $0 | 10.45% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $4,920,000 | $820,000 | $0 | 10.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 20 | $4,260,000 | $213,000 | $0 | 10.85% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $4,205,000 | $1,401,667 | $0 | 10.58% |
| VALLEJO, CA (FHA|USDA|VA) | 8 | $4,170,000 | $521,250 | $0 | 10.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $3,730,000 | $932,500 | $0 | 10.44% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 19 | $3,725,000 | $196,053 | $0 | 11.03% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 16 | $3,430,000 | $214,375 | $0 | 10.58% |
| NAPA, CA (FHA|USDA|VA) | 3 | $3,295,000 | $1,098,333 | $0 | 9.58% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $3,150,000 | $525,000 | $0 | 10.92% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 13 | $2,935,000 | $225,769 | $0 | 11.06% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 9 | $2,775,000 | $308,333 | $0 | 10.58% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $2,745,000 | $915,000 | $0 | 10.83% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $2,705,000 | $2,705,000 | $0 | 10.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $2,670,000 | $667,500 | $0 | 10.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $2,530,000 | $316,250 | $0 | 10.08% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $2,465,000 | $493,000 | $0 | 10.10% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $2,280,000 | $1,140,000 | $0 | 10.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 5 | $2,265,000 | $453,000 | $0 | 10.20% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $2,055,000 | $685,000 | $0 | 10.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $2,045,000 | $409,000 | $0 | 9.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $0 | 10.25% |
| ROANOKE, VA (FHA|USDA|VA) | 11 | $1,835,000 | $166,818 | $0 | 10.05% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 9 | $1,595,000 | $177,222 | $0 | 10.92% |
| BEND, OR (FHA|USDA|VA) | 2 | $1,550,000 | $775,000 | $0 | 10.50% |
| MERCED, CA (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $0 | 10.10% |
| GREELEY, CO (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $0 | 10.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $0 | 10.69% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,410,000 | $705,000 | $0 | 10.73% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $0 | 11.25% |
| SALEM, OR (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $0 | 10.63% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $0 | 10.58% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $0 | 11.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 10.38% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 10.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 11.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 10.19% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 10.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 10.50% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 9.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 10.50% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 10.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 11.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $0 | 11.05% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 11.33% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 11.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 10.50% |
| Hilo, HI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 10.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 11.13% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 10.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 9.00% |
| Outside of Metro Areas | 1 | $495,000 | $495,000 | $0 | 10.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 11.25% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 11.00% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 10.63% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 10.67% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 10.67% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 10.73% |
| Zanesville, OH (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 11.67% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 11.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 10.50% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 11.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 12.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 10.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 10.88% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 10.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 11.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 11.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 10.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 10.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.50% |
| Shelton, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.75% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 11.00% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.75% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 12.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 12.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 11.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 11.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.50% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.75% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 11.25% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 11.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.00% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.50% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 11.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.50% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 11.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 11.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 10.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.50% |
| LIMA, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 12.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 11.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 12.50% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.75% |
| Celina, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 12.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,305 | $731,895,000 | $560,839 | $0 | 10.40% |
| USDA | 1 | $295,000 | $295,000 | $0 | 10.95% |
For 2024, Merchants Mortgage & Trust Corporation's most frequently originated type of loan was Conventional, with 1,305 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2024, Merchants Mortgage & Trust Corporation's most frequently cited loan purpose was Home Purchase, with 1,201 originations. The 2nd most popular reason was Refi, with 87 originations.
Loan Duration/Length
For 2024, Merchants Mortgage & Trust Corporation's most frequently cited loan duration was 1 Year, with 1,042 originations. The 2nd most popular length was Other, with 250 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 1,295 | $729,265,000 | $563,139 |
| 7-8% | 6 | $1,610,000 | $268,333 |
| 6-7% | 5 | $1,315,000 | $263,000 |
During 2024, Merchants Mortgage & Trust Corporation's average interest rate for loans was 7.69%, while their most frequently originated rate bucket for loans was Over 8%, with 1,295 originations.
Loan Sizing
2024 saw Merchants Mortgage & Trust Corporation place emphasis on $200k-400k loans with 453 originations, totaling $137,315,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 4 | $3,780,000 | $945,000 | $0 | 10.56% |
Merchants Mortgage & Trust Corporation lent most frequently to those with incomes in the $50k or less range, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 1,306 | $732,190,000 | $560,636 | $0 | 10.41% |
Merchants Mortgage & Trust Corporation lent most frequently to those with DTI ratios of <20%, with 1,306 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination86.06%
Merchants Mortgage & Trust Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3365.0 | 1 | $145,000 | $145,000 |
| 3410.55 | 1 | $245,000 | $245,000 |
| 5130.0 | 1 | $315,000 | $315,000 |
| 5150.25 | 1 | $205,000 | $205,000 |
| 5715.0 | 1 | $535,000 | $535,000 |
| 6449.63 | 1 | $485,000 | $485,000 |
| 8698.5 | 1 | $665,000 | $665,000 |
| NA | 1,299 | $729,595,000 | $561,659 |