Firsttrust Home Loans Mortgage Rates, Fees & Info

Sheridan, AR

LEI: 2549007JQKHU8KQ0FC19

Tax ID: 84-1628152

5 stars - out of 5 stars, based on 55 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Little Rock, Fayetteville, Joplin, Hot Springs, and Pine Bluff among others. Firsttrust Home Loans has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Firsttrust Home Loans is typically an average fee lendor.


Originations

2,989

Origination Dollar Volume (All Markets)

$570,635,000
Show all (13) awards

Relative Rate

Firsttrust Home Loans 's average 30 year fixed rate mortgage of loans were 3.06%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.09%.

Relative Fees

Firsttrust Home Loans 's average total fees for a 30 year fixed rate mortgage are $4,278.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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%

Firsttrust Home Loans 's top markets include Little Rock, Fayetteville, Joplin, Hot Springs, and Pine Bluff among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,672 $343,650,000 $205,532 $3,262 3.03%
FHA 589 $102,955,000 $174,796 $6,224 3.12%
USDA 502 $70,640,000 $140,717 $4,391 3.08%
VA 226 $53,390,000 $236,239 $6,071 2.93%

For the 2021 period, Firsttrust Home Loans 's most frequently originated loan type of loans were Conventional, with 1,672 originations. Their 2nd most popular type is FHA, with 589 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,039 $386,125,000 $189,370 $4,587 3.11%
Refi 581 $115,095,000 $198,098 $3,397 2.80%
Cash Out Refi 369 $69,415,000 $188,117 $3,716 3.11%

For the 2021, Firsttrust Home Loans 's most frequently cited loan purpose of loans were Home Purchase, with 2,039 originations. The 2nd most popular reason of loans were Refi, with 581 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,910 $557,330,000 $191,522 $4,278 3.06%
15 Year 61 $9,695,000 $158,934 $3,158 2.55%
20 Year 14 $2,720,000 $194,286 $3,352 2.88%
Other 3 $685,000 $228,333 $2,953 2.96%
10 Year 1 $205,000 $205,000 $2,877 2.25%

For the 2021, Firsttrust Home Loans 's most frequently cited loan length of loans were 30 Year, with 2,910 originations. The 2nd most popular length of loans were 15 Year, with 61 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 2,401 $437,745,000 $182,318
$2k-3k 354 $72,280,000 $204,181
$3k-4k 151 $38,235,000 $253,212
$<1k 48 $9,050,000 $188,542
$5k+ 35 $13,325,000 $380,714

$4,278 of loans were Firsttrust Home Loans 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.06%, while their most frequently originated rate bucket of loans were 3-4%, with 1,373 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 1,479 $221,245,000 $149,591 $4,027 3.05%
$200k-400k 936 $251,630,000 $268,835 $4,946 3.00%
$100,000 or less 450 $35,430,000 $78,733 $3,218 3.15%
$400k-600k 115 $54,985,000 $478,130 $5,208 2.98%
$600k-1MM 8 $5,940,000 $742,500 $6,176 2.97%
$1MM+ 1 $1,405,000 $1,405,000 $18,199 2.88%

2021 saw Firsttrust Home Loans place emphasis on $100k-200k loans with 1,479 originations, totaling $221,245,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 846 $109,750,000 $129,728 $3,940 3.05%
$50k-75k 777 $133,055,000 $171,242 $4,467 3.09%
$75k-100k 514 $105,430,000 $205,117 $4,569 3.01%
$100k-150k 502 $123,120,000 $245,259 $4,366 3.01%
$150k-250k 274 $74,080,000 $270,365 $3,839 3.06%
$250k+ 76 $25,200,000 $331,579 $3,989 3.04%

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

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 770 $139,900,000 $181,688 $3,797 3.00%
30-36% 569 $109,645,000 $192,698 $4,187 3.09%
<20% 260 $46,480,000 $178,769 $3,320 2.94%
50-60% 123 $24,105,000 $195,976 $6,358 3.04%
38% 116 $21,100,000 $181,897 $4,062 3.11%
44% 111 $23,955,000 $215,811 $4,687 3.04%
36% 107 $22,325,000 $208,645 $4,706 3.09%
40% 106 $20,660,000 $194,906 $4,745 3.12%
41% 103 $20,405,000 $198,107 $4,533 3.03%
42% 101 $18,735,000 $185,495 $4,349 3.04%
37% 99 $19,665,000 $198,636 $4,185 3.18%
39% 97 $16,965,000 $174,897 $3,912 3.11%
43% 87 $17,545,000 $201,667 $4,598 3.14%
45% 80 $14,760,000 $184,500 $4,786 3.05%
46% 73 $13,755,000 $188,425 $4,734 3.08%
49% 61 $14,345,000 $235,164 $5,342 3.00%
47% 57 $11,465,000 $201,140 $4,549 3.16%
48% 57 $12,305,000 $215,877 $4,697 3.01%
>60% 4 $1,270,000 $317,500 $9,230 2.91%

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

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,590 $486,240,000 $187,737 $4,229 3.04%
Black 189 $36,145,000 $191,243 $4,862 3.15%
Not provided 104 $24,550,000 $236,058 $4,176 3.06%
Asian 65 $15,885,000 $244,385 $3,511 2.92%
American Indian 34 $6,410,000 $188,529 $4,071 3.08%
Asian Indian 3 $695,000 $231,667 $2,643 2.88%
Filipino 2 $400,000 $200,000 $4,903 3.31%
Native Hawaiian 2 $310,000 $155,000 $4,748 2.69%

Approval Rates

Total approvals of all applications
91.85%

Firsttrust Home Loans has an average approval rate.

Pick Rate

Approvals leading to origination
67.53%

Firsttrust Home Loans has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 2,989 $570,635,000 $190,912

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,989 $570,635,000 $190,912

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 41 $4,285,000 $104,512 $2,941 2.72%
40-60% 198 $30,390,000 $153,485 $2,899 2.81%
60-80% 768 $155,120,000 $201,979 $3,431 3.03%
80-100% 1,910 $363,750,000 $190,445 $4,562 3.09%
Over 100% 70 $17,020,000 $243,143 $9,322 2.99%
Under 20% 2 $70,000 $35,000 $2,692 2.50%

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%