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 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, Hot Springs, Searcy, and Memphis among others. We have data for 63 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 | 6.86% | 12/1/23 |
| 30 Year Conventional Refi | 6.72% | 12/1/23 |
| 30 Year Cash-out Refi | 6.91% | 12/1/23 |
| 30 Year FHA Purchase | 7.59% | 12/1/23 |
| 30 Year FHA Refi | 7.41% | 12/1/23 |
| 30 Year VA Purchase | 6.65% | 12/1/23 |
| 30 Year VA Refi | 6.27% | 12/1/23 |
| 30 Year USDA Purchase | 7.11% | 12/1/23 |
| 30 Year USDA Refi | 6.77% | 12/1/23 |
| 15 Year Conventional Purchase | 6.31% | 12/1/23 |
| 15 Year Conventional Refi | 6.25% | 12/1/23 |
| 15 Year Cash-out Refi | 6.25% | 12/1/23 |
| 15 Year FHA Purchase | 5.68% | 12/1/23 |
| 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. | ||
Firsttrust Home Loans Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,226Origination Dollar Volume (All Markets)
$459,020,000Awards
FirstTrust Home Loans - 2022
FirstTrust Home Loans is a 2022 , due to their low .
For 2022, 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
5.09%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.33%.
Relative Fees (Closing Costs)
Firsttrust Home Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,865.
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) | 760 | $172,120,000 | $226,474 | $6,456 | 5.03% |
| Outside of Metro Areas | 447 | $71,555,000 | $160,078 | $5,016 | 5.10% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 192 | $57,600,000 | $300,000 | $5,859 | 4.82% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 78 | $16,780,000 | $215,128 | $5,856 | 4.86% |
| Searcy, AR (FHA|USDA|VA) | 80 | $15,690,000 | $196,125 | $5,248 | 5.26% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 84 | $15,680,000 | $186,667 | $6,432 | 5.41% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 37 | $10,885,000 | $294,189 | $5,418 | 5.08% |
| JOPLIN, MO (FHA|USDA|VA) | 61 | $10,845,000 | $177,787 | $4,653 | 5.36% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 47 | $10,495,000 | $223,298 | $6,946 | 4.74% |
| PINE BLUFF, AR (FHA|USDA|VA) | 56 | $8,130,000 | $145,179 | $5,301 | 4.91% |
| Camden, AR (FHA|USDA|VA) | 56 | $7,720,000 | $137,857 | $4,968 | 4.90% |
| El Dorado, AR (FHA|USDA|VA) | 37 | $6,795,000 | $183,649 | $5,120 | 5.00% |
| JONESBORO, AR (FHA|USDA|VA) | 27 | $6,295,000 | $233,148 | $6,313 | 5.25% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 25 | $4,535,000 | $181,400 | $4,785 | 5.11% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 16 | $4,060,000 | $253,750 | $6,401 | 4.68% |
| Malvern, AR (FHA|USDA|VA) | 18 | $3,090,000 | $171,667 | $5,316 | 4.96% |
| McAlester, OK (FHA|USDA|VA) | 13 | $2,945,000 | $226,538 | $5,432 | 4.42% |
| Forrest City, AR (FHA|USDA|VA) | 22 | $2,730,000 | $124,091 | $4,483 | 5.31% |
| Batesville, AR (FHA|USDA|VA) | 20 | $2,560,000 | $128,000 | $3,723 | 5.21% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 11 | $2,505,000 | $227,727 | $6,416 | 4.87% |
| Mountain Home, AR (FHA|USDA|VA) | 13 | $2,425,000 | $186,538 | $5,508 | 4.62% |
| Hope, AR (FHA|USDA|VA) | 13 | $2,405,000 | $185,000 | $5,672 | 4.65% |
| Russellville, AR (FHA|USDA|VA) | 12 | $1,780,000 | $148,333 | $4,517 | 4.42% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $11,340 | 5.67% |
| Blytheville, AR (FHA|USDA|VA) | 11 | $1,555,000 | $141,364 | $5,208 | 5.55% |
| Arkadelphia, AR (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $4,038 | 5.52% |
| Murray, KY (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $6,328 | 6.94% |
| Magnolia, AR (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $4,319 | 3.52% |
| Minden, LA (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $6,345 | 4.93% |
| Paragould, AR (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $3,897 | 5.20% |
| West Plains, MO (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $3,392 | 4.70% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,385 | 6.42% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $5,607 | 3.96% |
| Helena-West Helena, AR (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $5,702 | 5.53% |
| Harrison, AR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,608 | 5.87% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,927 | 5.44% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,320 | 5.44% |
| Miami, OK (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,782 | 6.08% |
| Paris, TN (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,272 | 6.81% |
| MONROE, LA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,955 | 4.37% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,490 | 4.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $4,991 | 4.21% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,245 | 5.25% |
| TULSA, OK (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,054 | 4.44% |
| Mayfield, KY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,741 | 6.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,613 | 5.50% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,855 | 4.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $16,351 | 7.25% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,422 | 4.25% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,108 | 5.75% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,896 | 6.63% |
| Pittsburg, KS (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,428 | 4.88% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,307 | 3.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,105 | 4.50% |
| Newport, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,850 | 5.50% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,974 | 5.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,152 | 6.13% |
| Grenada, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,975 | 6.25% |
| Ruston, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,958 | 5.99% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,039 | 6.50% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $6,854 | 4.87% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,269 | 3.50% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,281 | 6.88% |
Similar Lenders
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Product Mix
For 2022, Firsttrust Home Loans's most frequently originated type of loan was Conventional, with 1,082 originations. Their 2nd most popular type was FHA, with 555 originations.
Loan Reason
For 2022, Firsttrust Home Loans's most frequently cited loan purpose was Home Purchase, with 1,928 originations. The 2nd most popular reason was Cash Out Refi, with 153 originations.
Loan Duration/Length
For 2022, Firsttrust Home Loans's most frequently cited loan duration was 30 Year, with 2,141 originations. The 2nd most popular length was 15 Year, with 61 originations.
Origination Fees/Closing Costs
Firsttrust Home Loans's average total fees were $5,865, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,009 originations.
Interest Rates
During 2022, Firsttrust Home Loans's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 5-6%, with 842 originations.
Loan Sizing
2022 saw Firsttrust Home Loans place emphasis on $100k-200k loans with 1,023 originations, totaling $151,465,000 in origination value.
Applicant Income
Firsttrust Home Loans lent most frequently to those with incomes in the $50k-75k range, with 656 originations. The second most popular income band? $50k or less, with 562 originations.
Applicant Debt to Income Ratio
Firsttrust Home Loans lent most frequently to those with DTI ratios of 30-36%, with 443 originations. The next most common DTI ratio? 20-30%, with 429 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.07%
Firsttrust Home Loans has an average approval rate.
Pick Rate
Approvals leading to origination76.24%
Firsttrust Home Loans has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,226 | $459,020,000 | $206,208 |
LTV Distribution
Complaints
| 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% |