The First National Bank Of Brooksville Mortgage Rates, Fees & Info

Brooksville, KY

LEI: 2549002H3CEW0748X068

Tax ID: 61-1272844

Latest/2023 | 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

    The First National Bank Of Brooksville is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Brooksville has a high proportion of conventional loans. Their top two markets are Cincinnati and Maysville .

    The First National Bank Of Brooksville 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. The First National Bank Of Brooksville is typically a low 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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    Originations

    59

    Origination Dollar Volume (All Markets)

    $4,375,000

    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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 52 $4,090,000 $78,654 $949 5.41%
    Maysville, KY (FHA|USDA|VA) 5 $255,000 $51,000 $791 5.60%
    Outside of Metro Areas 2 $30,000 $15,000 $561 5.25%
    The First National Bank Of Brooksville's top markets include Cincinnati and Maysville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $4,375,000 $74,153 $923 5.42%

    For 2018, The First National Bank Of Brooksville's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $1,900,000 $95,000 $1,222 5.50%
    Refi 19 $1,995,000 $105,000 $950 5.33%
    Home Improvement 15 $375,000 $25,000 $666 5.41%
    Other 5 $105,000 $21,000 $531 5.44%

    For 2018, The First National Bank Of Brooksville's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $1,800,000 $69,231 $783 5.44%
    10 Year 14 $720,000 $51,429 $940 5.27%
    20 Year 10 $1,010,000 $101,000 $1,321 5.61%
    15 Year 6 $650,000 $108,333 $981 5.38%
    30 Year 2 $180,000 $90,000 $1,242 5.25%
    5 Year 1 $15,000 $15,000 $211 5.50%

    For 2018, The First National Bank Of Brooksville's most frequently cited loan duration was Other, with 26 originations. The 2nd most popular length was 10 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 53 $3,835,000 $72,358

    The First National Bank Of Brooksville's average total fees were $1,242, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 53 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 51 $3,815,000 $74,804
    4-5% 8 $560,000 $70,000

    During 2018, The First National Bank Of Brooksville's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 5-6%, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $1,750,000 $41,667 $768 5.40%
    $100k-200k 14 $1,980,000 $141,429 $1,411 5.42%
    $200k-400k 3 $645,000 $215,000 $932 5.71%

    2018 saw The First National Bank Of Brooksville place emphasis on $100,000 or less loans with 42 originations, totaling $1,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $1,410,000 $70,500 $921 5.34%
    $50k-75k 16 $740,000 $46,250 $823 5.42%
    $75k-100k 15 $1,195,000 $79,667 $907 5.50%
    $100k-150k 4 $360,000 $90,000 $891 5.41%
    $150k-250k 3 $485,000 $161,667 $1,506 5.47%

    The First National Bank Of Brooksville lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $1,065,000 $62,647 $847 5.47%
    <20% 8 $210,000 $26,250 $739 5.32%
    >60% 6 $590,000 $98,333 $1,071 5.42%
    30-36% 6 $480,000 $80,000 $991 5.21%
    50-60% 5 $565,000 $113,000 $887 5.40%
    42% 4 $320,000 $80,000 $786 5.57%
    38% 3 $345,000 $115,000 $1,640 5.54%
    36% 2 $80,000 $40,000 $570 5.69%
    40% 2 $170,000 $85,000 $782 4.95%
    41% 2 $180,000 $90,000 $1,252 5.19%
    49% 1 $35,000 $35,000 $597 5.75%
    47% 1 $135,000 $135,000 $1,544 5.75%
    37% 1 $15,000 $15,000 $756 5.63%

    The First National Bank Of Brooksville lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $4,195,000 $73,596 $913 5.42%
    Black 2 $180,000 $90,000 $1,161 5.25%

    Approval Rates

    Total approvals of all applications
    78.16%

    The First National Bank Of Brooksville has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.44%

    The First National Bank Of Brooksville has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 59 $4,375,000 $74,153

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $185,000 $185,000
    Single Family (1-4 Units):Manufactured 20 $1,110,000 $55,500
    Single Family (1-4 Units):Site-Built 38 $3,080,000 $81,053

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $475,000 $43,182 $674 5.24%
    40-60% 5 $435,000 $87,000 $867 5.25%
    60-80% 14 $1,510,000 $107,857 $1,227 5.35%
    80-100% 15 $1,605,000 $107,000 $1,230 5.58%
    Under 20% 14 $350,000 $25,000 $594 5.51%