Firsttrust Home Loans Mortgage Rates, Fees & Info
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Tax ID: 84-1628152
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Mortgage Data
Review & Overview
Firsttrust Home Loans is a smaller mortgage company specializing in Home Purchase loans. Firsttrust Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Little Rock, Crestview, Huntsville, and Searcy among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)Firsttrust Home Loans has an above 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.34% | 7/7/25 |
| 30 Year Conventional Refi | 7.22% | 7/7/25 |
| 30 Year Cash-out Refi | 7.25% | 7/7/25 |
| 30 Year FHA Purchase | 7.45% | 7/7/25 |
| 30 Year FHA Refi | 7.38% | 7/7/25 |
| 30 Year VA Purchase | 6.90% | 7/7/25 |
| 30 Year VA Refi | 6.50% | 7/7/25 |
| 30 Year USDA Purchase | 7.21% | 7/7/25 |
| 30 Year USDA Refi | 6.74% | 7/7/25 |
| 15 Year Conventional Purchase | 6.40% | 7/7/25 |
| 15 Year Conventional Refi | 6.67% | 7/7/25 |
| 15 Year Cash-out Refi | 6.67% | 7/7/25 |
| 15 Year FHA Purchase | 6.00% | 7/7/25 |
| 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. | ||
Firsttrust Home Loans Mortgage Calculator
Your Estimates
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This is not an official calculator from Firsttrust Home Loans. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
107Origination Dollar Volume (All Markets)
$24,855,000Awards
FirstTrust Home Loans - 2024
FirstTrust Home Loans is a 2024 , due to their low .
For 2024, 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
7.1%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.55%.
Relative Fees (Closing Costs)
Firsttrust Home Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,790.
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 $8,356.
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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 13 | $9,025,000 | $694,231 | $10,262 | 6.89% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 10 | $3,170,000 | $317,000 | $6,346 | 6.86% |
| Outside of Metro Areas | 21 | $2,325,000 | $110,714 | $4,298 | 6.74% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $11,312 | 8.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $1,410,000 | $705,000 | $13,679 | 6.37% |
| Searcy, AR (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $9,206 | 6.75% |
| TOLEDO, OH (FHA|USDA|VA) | 16 | $820,000 | $51,250 | $4,650 | 7.58% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $5,009 | 7.25% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $10,345 | 6.88% |
| Murray, KY (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $9,183 | 7.12% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 13 | $725,000 | $55,769 | $4,205 | 7.60% |
| Paragould, AR (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $13,811 | 5.88% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $22,393 | 5.99% |
| MONTGOMERY, AL (FHA|USDA|VA) | 4 | $220,000 | $55,000 | $4,258 | 7.22% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $4,207 | 7.42% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $3,053 | 7.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,928 | 6.43% |
| AKRON, OH (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $3,919 | 7.56% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $4,180 | 7.38% |
| Malvern, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,760 | 6.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,087 | 7.99% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,748 | 6.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,218 | 7.99% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,234 | 7.63% |
| El Dorado, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,353 | 6.63% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,810 | 6.49% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,171 | 6.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against FirstTrust Home Loans based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, Firsttrust Home Loans's most frequently originated type of loan was Conventional, with 87 originations. Their 2nd most popular type was VA, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 98 | $20,470,000 | $208,878 | $5,574 | 7.11% |
| Refi | 9 | $4,385,000 | $487,222 | $8,448 | 6.84% |
For 2024, Firsttrust Home Loans's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 105 | $24,105,000 | $229,571 | $5,790 | 7.10% |
| 15 Year | 2 | $750,000 | $375,000 | $7,155 | 6.38% |
For 2024, Firsttrust Home Loans's most frequently cited loan duration was 30 Year, with 105 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Firsttrust Home Loans's average total fees were $5,790, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 50 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 57 | $11,945,000 | $209,561 |
| 6-7% | 44 | $10,700,000 | $243,182 |
| 5-6% | 5 | $2,145,000 | $429,000 |
| Over 8% | 1 | $65,000 | $65,000 |
During 2024, Firsttrust Home Loans's average interest rate for loans was 7.10%, while their most frequently originated rate bucket for loans was 7-8%, with 57 originations.
Loan Sizing
2024 saw Firsttrust Home Loans place emphasis on $100,000 or less loans with 81 originations, totaling $4,255,000 in origination value.
Applicant Income
Firsttrust Home Loans lent most frequently to those with incomes in the $150k-250k range, with 25 originations. The second most popular income band? $250k+, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.70%
Firsttrust Home Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-2,497.20%
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 | 107 | $24,855,000 | $232,290 |