First Southern Bank Mortgage Rates, Fees & Info

MARION, IL

LEI: 213800K8DDKEL9X4OK57

Tax ID: 37-0399785

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Southern Bank is a smaller bank specializing in Home Purchase loans. First Southern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Carbondale, Crestview, North Port, St. Louis, and Murray among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Southern Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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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    Originations

    187

    Origination Dollar Volume (All Markets)

    $30,805,000

    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
    CARBONDALE-MARION, IL (FHA|USDA|VA) 146 $22,860,000 $156,575 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $3,435,000 $3,435,000 $0 0.00%
    Outside of Metro Areas 34 $3,140,000 $92,353 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
    Murray, KY (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Mount Vernon, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    First Southern Bank's top markets include Carbondale, Crestview, North Port, St. Louis, and Murray among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 187 $30,805,000 $164,733 $0 0.00%

    For 2024, First Southern Bank's most frequently originated type of loan was Conventional, with 187 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 118 $24,820,000 $210,339 $0 0.00%
    Refi 34 $3,740,000 $110,000 $0 0.00%
    Home Improvement 23 $1,605,000 $69,783 $0 0.00%
    Other 10 $500,000 $50,000 $0 0.00%
    Cash Out Refi 2 $140,000 $70,000 $0 0.00%

    For 2024, First Southern Bank's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 187 $30,805,000 $164,733 $0 0.00%

    For 2024, First Southern Bank's most frequently cited loan duration was Other, with 187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $4,875,000 $50,258 $0 0.00%
    $100k-200k 45 $6,665,000 $148,111 $0 0.00%
    $200k-400k 32 $9,170,000 $286,563 $0 0.00%
    $400k-600k 8 $3,910,000 $488,750 $0 0.00%
    $600k-1MM 4 $2,750,000 $687,500 $0 0.00%
    $1MM+ 1 $3,435,000 $3,435,000 $0 0.00%

    2024 saw First Southern Bank place emphasis on $100,000 or less loans with 97 originations, totaling $4,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $2,320,000 $58,000 $0 0.00%
    $50k-75k 37 $3,285,000 $88,784 $0 0.00%
    $100k-150k 25 $3,725,000 $149,000 $0 0.00%
    $75k-100k 24 $2,860,000 $119,167 $0 0.00%
    $150k-250k 20 $4,540,000 $227,000 $0 0.00%
    $250k+ 17 $9,825,000 $577,941 $0 0.00%

    First Southern Bank lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $50k-75k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 187 $30,805,000 $164,733 $0 0.00%

    First Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 187 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 160 $26,170,000 $163,563 $0 0.00%
    Not applicable 21 $3,745,000 $178,333 $0 0.00%
    Asian 2 $690,000 $345,000 $0 0.00%
    Black 4 $200,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.91%

    First Southern Bank 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
    92.51%

    First Southern Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 187 $30,805,000 $164,733

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    187 $30,805,000 $164,733