Firsttrust Home Loans Mortgage Rates, Fees & Info
Sheridan, ARLEI: 2549007JQKHU8KQ0FC19
Tax ID: 84-1628152
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Mortgage 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
2,989Origination 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 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 applications91.85%
Firsttrust Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination67.53%
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% |
