First Bank Mortgage Rates, Fees & InfoStrasburg, VA
Tax ID: 54-1713356
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFirst Bank is a smaller bank specializing in Home Purchase and Refi loans. First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Washington, Winchester, Staunton, and Roanoke among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)
First Bank 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.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Origination Dollar Volume (All Markets)$94,610,000
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|
|RICHMOND, VA (FHA|USDA|VA)||43||$25,595,000||$595,233||$0||0.00%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||42||$15,640,000||$372,381||$0||0.00%|
|WINCHESTER, VA-WV (FHA|USDA|VA)||51||$12,525,000||$245,588||$0||0.00%|
|STAUNTON, VA (FHA|USDA|VA)||19||$12,355,000||$650,263||$0||0.00%|
|Outside of Metro Areas||54||$9,850,000||$182,407||$0||0.00%|
|ROANOKE, VA (FHA|USDA|VA)||30||$7,000,000||$233,333||$0||0.00%|
|HARRISONBURG, VA (FHA|USDA|VA)||16||$4,370,000||$273,125||$0||0.00%|
|LYNCHBURG, VA (FHA|USDA|VA)||6||$2,660,000||$443,333||$0||0.00%|
|BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA)||2||$1,920,000||$960,000||$0||0.00%|
|Danville, VA (FHA|USDA|VA)||2||$1,310,000||$655,000||$0||0.00%|
|HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA)||5||$685,000||$137,000||$0||0.00%|
|Wilson, NC (FHA|USDA|VA)||1||$555,000||$555,000||$0||0.00%|
|VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)||1||$145,000||$145,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, First Bank's most frequently originated type of loan was Conventional, with 272 originations.
For 2022, First Bank's most frequently cited loan purpose was Home Purchase, with 120 originations. The 2nd most popular reason was Refi, with 68 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, First Bank's most frequently cited loan duration was Other, with 272 originations.
2022 saw First Bank place emphasis on $200k-400k loans with 84 originations, totaling $23,530,000 in origination value.
First Bank lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $75k-100k, with 30 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
First Bank lent most frequently to those with DTI ratios of Exempt%, with 272 originations.
Approval RatesTotal approvals of all applications
First Bank has an average approval rate.
Pick RateApprovals leading to origination
First Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|FIRST CITIZENS BANCSHARES, INC.||Home equity loan or line of credit (HELOC)||Applying for a mortgage or refinancing an existing mortgage||1||100.0%|