# TrustCo Bank

> **Canonical URL:** https://saferate.com/lenders/trustco-bank

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

TrustCo Bank is a bank, headquartered in Glenville, NY, serving borrowers across 5 states, with 854 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 14% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 45% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300GCEP3NM7A1X491
- **Headquarters:** Glenville, NY
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** FL, MA, NJ, NY, VT
- **Markets (MSAs):** 13
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 86/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 55/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.229%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,517
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 854
- **Dollar Volume:** $325 million
- **Applications Received:** 1,467
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $380,632
- **Average Borrower Income:** $175,415

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (71%)
- ⭐ **Jumbo Gold Superstar** (71%)
- ⭐ **Purchase Gold Superstar** (71%)
- ⭐ **Refinance Gold Superstar** (71%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 74/100 | 829 | -0.232% | $1,534 | Strong 😀 |
| Jumbo | 66/100 | 25 | -0.144% | $888 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 743 loans, Score: 74/100 (Strong)
- Refinance: 86 loans, Score: 65/100 (Strong)

**Jumbo:**
- Purchase: 22 loans, Score: 67/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 72/100 | 765 | $292M | -0.225% | Strong 😀 |
| Refinance | 64/100 | 89 | $33M | -0.266% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 493 | 0.43% | 81/100 |
| FL | 341 | 0.12% | 71/100 |
| NJ | 14 | 0.02% | 41/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Albany | NY | 351 | 83/100 |
| Tampa, FL | FL | 95 | 68/100 |
| Orlando | FL | 87 | 66/100 |
| New York | NY-NJ | 72 | 62/100 |
| North Port | FL | 42 | 62/100 |
| Glens Falls, NY | NY | 33 | 65/100 |
| Deltona | FL | 30 | 58/100 |
| Kiryas Joel | NY | 24 | 54/100 |
| Non |  | 22 | 28/100 |
| Palm Bay | FL | 18 | 49/100 |
| Punta Gorda, FL | FL | 17 | 53/100 |
| West Palm Beach | FL | 17 | 48/100 |
| Lakeland | FL | 10 | 41/100 |

## Frequently Asked Questions

### What loan types does TrustCo Bank offer?

TrustCo Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does TrustCo Bank offer mortgages?

TrustCo Bank offers mortgages in 5 states: FL, MA, NJ, NY, VT.

### How competitive are TrustCo Bank's mortgage rates?

TrustCo Bank has a pricing score of 86/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.229% below market average.

### What type of lender is TrustCo Bank?

TrustCo Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Glenville, NY.

### What is TrustCo Bank's loan approval success rate?

TrustCo Bank has a pull-through score of 55/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/trustco-bank

### How to Cite

> "TrustCo Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/trustco-bank

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