Firsttrust Home Loans Mortgage Rates, Fees & Info
Sheridan, ARLEI: 2549007JQKHU8KQ0FC19
Tax ID: 84-1628152
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Mortgage Data
Review & Overview
Firsttrust Home Loans is a smaller mortgage company specializing in Home Purchase and Refi loans. Firsttrust Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Little Rock, Fayetteville, Joplin, Hot Springs, and Pine Bluff among others. We have data for 62 markets. (Some data included below & more in-depth data is available with an active subscription.)Firsttrust Home Loans 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. Firsttrust Home Loans is typically an average 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 about average 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 | 6.68% | 3/19/23 |
| 30 Year Conventional Refi | 6.54% | 3/19/23 |
| 30 Year Cash-out Refi | 6.73% | 3/19/23 |
| 30 Year FHA Purchase | 7.51% | 3/19/23 |
| 30 Year FHA Refi | 7.26% | 3/19/23 |
| 30 Year VA Purchase | 6.55% | 3/19/23 |
| 30 Year VA Refi | 6.28% | 3/19/23 |
| 30 Year USDA Purchase | 6.99% | 3/19/23 |
| 30 Year USDA Refi | 6.69% | 3/19/23 |
| 15 Year Conventional Purchase | 6.31% | 3/19/23 |
| 15 Year Conventional Refi | 6.06% | 3/19/23 |
| 15 Year Cash-out Refi | 6.06% | 3/19/23 |
| 15 Year FHA Purchase | 7.53% | 3/19/23 |
| 15 Year VA Refi | 5.68% | 3/19/23 |
| 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. | ||
Originations
2,989Origination Dollar Volume (All Markets)
$570,635,000Awards
FirstTrust Home Loans - 2021
FirstTrust Home Loans is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Firsttrust Home Loans's average 30 year fixed mortgage rate was
3.06%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.09%.
Relative Fees (Closing Costs)
Firsttrust Home Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,278.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1,050 | $211,020,000 | $200,971 | $4,482 | 3.04% |
| Outside of Metro Areas | 634 | $95,590,000 | $150,773 | $3,933 | 3.05% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 263 | $65,615,000 | $249,487 | $3,863 | 2.94% |
| JOPLIN, MO (FHA|USDA|VA) | 138 | $22,480,000 | $162,899 | $4,018 | 3.23% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 87 | $18,625,000 | $214,080 | $4,162 | 3.08% |
| PINE BLUFF, AR (FHA|USDA|VA) | 87 | $15,795,000 | $181,552 | $4,121 | 3.02% |
| Searcy, AR (FHA|USDA|VA) | 95 | $15,465,000 | $162,789 | $4,414 | 3.02% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 66 | $14,890,000 | $225,606 | $5,761 | 2.97% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 44 | $12,830,000 | $291,591 | $5,252 | 2.93% |
| Camden, AR (FHA|USDA|VA) | 81 | $11,845,000 | $146,235 | $3,927 | 3.17% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 32 | $10,450,000 | $326,563 | $4,632 | 3.09% |
| El Dorado, AR (FHA|USDA|VA) | 51 | $9,305,000 | $182,451 | $4,178 | 3.33% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 45 | $7,315,000 | $162,556 | $4,333 | 2.98% |
| Batesville, AR (FHA|USDA|VA) | 38 | $6,080,000 | $160,000 | $3,227 | 3.19% |
| McAlester, OK (FHA|USDA|VA) | 23 | $5,735,000 | $249,348 | $3,245 | 2.96% |
| Mountain Home, AR (FHA|USDA|VA) | 26 | $4,640,000 | $178,462 | $3,333 | 2.99% |
| JONESBORO, AR (FHA|USDA|VA) | 24 | $4,280,000 | $178,333 | $3,826 | 3.16% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 18 | $3,470,000 | $192,778 | $5,212 | 3.22% |
| Malvern, AR (FHA|USDA|VA) | 21 | $3,385,000 | $161,190 | $4,740 | 3.11% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 17 | $3,115,000 | $183,235 | $5,257 | 2.74% |
| Forrest City, AR (FHA|USDA|VA) | 18 | $3,040,000 | $168,889 | $3,533 | 3.06% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $2,660,000 | $266,000 | $5,117 | 2.98% |
| Magnolia, AR (FHA|USDA|VA) | 12 | $2,320,000 | $193,333 | $4,372 | 3.23% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 11 | $2,035,000 | $185,000 | $5,288 | 2.85% |
| Russellville, AR (FHA|USDA|VA) | 10 | $2,030,000 | $203,000 | $4,424 | 3.20% |
| Hope, AR (FHA|USDA|VA) | 14 | $1,830,000 | $130,714 | $4,086 | 3.04% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $2,959 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $5,086 | 2.95% |
| ABILENE, TX (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $4,782 | 3.18% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $3,456 | 3.13% |
| DECATUR, AL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $5,455 | 2.92% |
| Albertville, AL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $9,683 | 2.88% |
| TULSA, OK (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $3,765 | 2.94% |
| Harrison, AR (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $6,167 | 3.08% |
| Helena-West Helena, AR (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $3,997 | 3.34% |
| Arkadelphia, AR (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $6,077 | 3.22% |
| Paragould, AR (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,268 | 3.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,646 | 3.67% |
| TYLER, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,985 | 2.81% |
| Blytheville, AR (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,997 | 3.38% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,409 | 2.56% |
| Brenham, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,541 | 3.00% |
| Miami, OK (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,335 | 2.56% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,472 | 2.75% |
| Minden, LA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,498 | 3.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,637 | 3.25% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,194 | 2.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,568 | 2.25% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,133 | 2.50% |
| Parsons, KS (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,594 | 3.25% |
| Cullman, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,204 | 3.25% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,934 | 2.88% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,147 | 2.13% |
| MONROE, LA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,393 | 3.31% |
| Duncan, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,629 | 3.88% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,284 | 3.38% |
| Branson, MO (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,591 | 3.56% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,430 | 2.75% |
| Pittsburg, KS (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $3,934 | 3.25% |
| Maryville, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,132 | 3.38% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,590 | 2.75% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,925 | 4.25% |
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Product Mix
For 2021, Firsttrust Home Loans's most frequently originated type of loan was Conventional, with 1,672 originations. Their 2nd most popular type was FHA, with 589 originations.
Loan Reason
For 2021, Firsttrust Home Loans's most frequently cited loan purpose was Home Purchase, with 2,039 originations. The 2nd most popular reason was Refi, with 581 originations.
Loan Duration/Length
For 2021, Firsttrust Home Loans's most frequently cited loan duration was 30 Year, with 2,910 originations. The 2nd most popular length was 15 Year, with 61 originations.
Origination Fees/Closing Costs
Firsttrust Home Loans's average total fees were $4,278, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,401 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,373 | $253,155,000 | $184,381 |
| 2.5-3% | 1,192 | $237,440,000 | $199,195 |
| <2.5% | 371 | $72,745,000 | $196,078 |
| 4-5% | 53 | $7,295,000 | $137,642 |
During 2021, Firsttrust Home Loans's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 3-4%, with 1,373 originations.
Loan Sizing
2021 saw Firsttrust Home Loans place emphasis on $100k-200k loans with 1,479 originations, totaling $221,245,000 in origination value.
Applicant Income
Firsttrust Home Loans lent most frequently to those with incomes in the $50k or less range, with 846 originations. The second most popular income band? $50k-75k, with 777 originations.
Applicant Debt to Income Ratio
Firsttrust Home Loans lent most frequently to those with DTI ratios of 20-30%, with 770 originations. The next most common DTI ratio? 30-36%, with 569 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.82%
Firsttrust Home Loans has a below average approval rate.
Pick Rate
Approvals leading to origination81.50%
Firsttrust Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,989 | $570,635,000 | $190,912 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST ALLIANCE HOME MORTGAGE | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |