Firsttrust Home Loans Mortgage Rates, Fees & Info

Sheridan, AR

LEI: 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, Shreveport, Oklahoma City, Hot Springs, and Huntsville among others. We have data for 58 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 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.86% 3/28/24
30 Year Conventional Refi 6.72% 3/28/24
30 Year Cash-out Refi 6.91% 3/28/24
30 Year FHA Purchase 7.59% 3/28/24
30 Year FHA Refi 7.41% 3/28/24
30 Year VA Purchase 6.65% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 7.11% 3/28/24
30 Year USDA Refi 6.77% 3/28/24
15 Year Conventional Purchase 6.31% 3/28/24
15 Year Conventional Refi 6.25% 3/28/24
15 Year Cash-out Refi 6.25% 3/28/24
15 Year FHA Purchase 5.68% 3/28/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Firsttrust Home Loans. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,799

Origination Dollar Volume (All Markets)

$516,515,000
Show all (30) awards

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) 1,081 $215,575,000 $199,422 $4,294 3.04%
Outside of Metro Areas 669 $99,815,000 $149,200 $3,778 3.12%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 87 $18,895,000 $217,184 $5,361 3.14%
OKLAHOMA CITY, OK (FHA|USDA|VA) 69 $14,965,000 $216,884 $5,139 2.90%
HOT SPRINGS, AR (FHA|USDA|VA) 59 $14,525,000 $246,186 $3,435 2.90%
HUNTSVILLE, AL (FHA|USDA|VA) 57 $13,765,000 $241,491 $4,067 2.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 61 $13,005,000 $213,197 $3,192 2.89%
Searcy, AR (FHA|USDA|VA) 64 $12,100,000 $189,063 $4,251 2.86%
PINE BLUFF, AR (FHA|USDA|VA) 75 $11,615,000 $154,867 $3,992 3.00%
Camden, AR (FHA|USDA|VA) 81 $10,555,000 $130,309 $4,210 3.36%
JOPLIN, MO (FHA|USDA|VA) 57 $10,525,000 $184,649 $3,360 2.97%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 32 $8,960,000 $280,000 $3,912 3.19%
FORT SMITH, AR-OK (FHA|USDA|VA) 43 $7,735,000 $179,884 $3,923 3.07%
El Dorado, AR (FHA|USDA|VA) 37 $6,915,000 $186,892 $4,296 3.16%
JONESBORO, AR (FHA|USDA|VA) 32 $6,150,000 $192,188 $3,118 3.05%
Mountain Home, AR (FHA|USDA|VA) 36 $6,090,000 $169,167 $2,853 2.98%
McAlester, OK (FHA|USDA|VA) 32 $5,860,000 $183,125 $3,800 2.88%
Magnolia, AR (FHA|USDA|VA) 24 $5,630,000 $234,583 $3,960 2.97%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $4,250,000 $303,571 $5,232 2.90%
TEXARKANA, TX-AR (FHA|USDA|VA) 23 $4,085,000 $177,609 $4,020 3.07%
Batesville, AR (FHA|USDA|VA) 26 $3,290,000 $126,538 $3,097 3.00%
Hope, AR (FHA|USDA|VA) 19 $3,275,000 $172,368 $4,517 2.98%
Forrest City, AR (FHA|USDA|VA) 22 $2,450,000 $111,364 $3,009 3.09%
Russellville, AR (FHA|USDA|VA) 12 $2,160,000 $180,000 $3,603 3.44%
Malvern, AR (FHA|USDA|VA) 16 $2,090,000 $130,625 $4,269 3.03%
Miami, OK (FHA|USDA|VA) 10 $1,320,000 $132,000 $4,032 3.19%
Arkadelphia, AR (FHA|USDA|VA) 6 $1,010,000 $168,333 $3,619 2.94%
Minden, LA (FHA|USDA|VA) 5 $945,000 $189,000 $4,390 3.00%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 3 $845,000 $281,667 $3,513 2.67%
GADSDEN, AL (FHA|USDA|VA) 3 $695,000 $231,667 $3,797 2.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $525,000 $175,000 $3,212 3.37%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $520,000 $260,000 $3,326 3.19%
TYLER, TX (FHA|USDA|VA) 2 $470,000 $235,000 $4,131 2.81%
DECATUR, AL (FHA|USDA|VA) 3 $465,000 $155,000 $5,494 2.88%
TULSA, OK (FHA|USDA|VA) 3 $465,000 $155,000 $4,022 2.83%
LONGVIEW, TX (FHA|USDA|VA) 2 $450,000 $225,000 $5,532 3.44%
Fort Payne, AL (FHA|USDA|VA) 2 $450,000 $225,000 $2,279 3.31%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $400,000 $200,000 $4,820 3.25%
Paragould, AR (FHA|USDA|VA) 2 $350,000 $175,000 $4,530 2.81%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $330,000 $165,000 $4,458 3.50%
Albertville, AL (FHA|USDA|VA) 2 $320,000 $160,000 $3,602 2.81%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $285,000 $285,000 $2,838 2.63%
Harrison, AR (FHA|USDA|VA) 2 $250,000 $125,000 $4,019 2.94%
Scottsboro, AL (FHA|USDA|VA) 1 $235,000 $235,000 $2,310 3.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,213 3.50%
Blytheville, AR (FHA|USDA|VA) 2 $200,000 $100,000 $3,130 2.63%
ABILENE, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,796 3.50%
MANHATTAN, KS (FHA|USDA|VA) 1 $175,000 $175,000 $4,634 2.63%
Branson, MO (FHA|USDA|VA) 1 $175,000 $175,000 $2,624 4.00%
Ruston, LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,673 2.38%
Muskogee, OK (FHA|USDA|VA) 1 $145,000 $145,000 $6,437 2.50%
ENID, OK (FHA|USDA|VA) 1 $135,000 $135,000 $2,669 2.50%
Bartlesville, OK (FHA|USDA|VA) 1 $95,000 $95,000 $4,628 2.75%
HAMMOND, LA (FHA|USDA|VA) 1 $95,000 $95,000 $4,315 3.88%
Helena-West Helena, AR (FHA|USDA|VA) 1 $85,000 $85,000 $3,545 2.63%
BATON ROUGE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $3,299 3.00%
Pittsburg, KS (FHA|USDA|VA) 1 $75,000 $75,000 $2,848 3.38%
West Plains, MO (FHA|USDA|VA) 1 $65,000 $65,000 $2,221 3.00%
Firsttrust Home Loans's top markets include Little Rock, Shreveport, Oklahoma City, Hot Springs, and Huntsville among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • 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.

    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 76
    Bossier Federal Credit Union
    Similarity Rank: 78
    TRUE SKY
    Similarity Rank: 168
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 252
    Southwest Missouri Bank
    Similarity Rank: 403
    WEOKIE
    Similarity Rank: 420
    ALLEGIANCE
    Similarity Rank: 432
    Republic Bank & Trust
    Similarity Rank: 512
    First Arkansas Bank and Trust
    Similarity Rank: 528

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,625 $325,745,000 $200,458 $3,227 3.00%
    USDA 481 $61,295,000 $127,432 $4,203 3.20%
    FHA 477 $78,255,000 $164,057 $6,009 3.15%
    VA 216 $51,220,000 $237,130 $5,792 2.90%

    For 2020, Firsttrust Home Loans's most frequently originated type of loan was Conventional, with 1,625 originations. Their 2nd most popular type was USDA, with 481 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,561 $265,205,000 $169,894 $4,573 3.13%
    Refi 897 $187,435,000 $208,958 $3,380 2.90%
    Cash Out Refi 341 $63,875,000 $187,317 $3,544 3.11%

    For 2020, Firsttrust Home Loans's most frequently cited loan purpose was Home Purchase, with 1,561 originations. The 2nd most popular reason was Refi, with 897 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,284 $422,970,000 $185,188 $4,262 3.11%
    15 Year 328 $54,710,000 $166,799 $3,175 2.72%
    20 Year 109 $24,585,000 $225,550 $3,530 3.05%
    Other 52 $10,600,000 $203,846 $2,986 2.99%
    10 Year 25 $3,635,000 $145,400 $2,645 2.80%
    5 Year 1 $15,000 $15,000 $0 0.00%

    For 2020, Firsttrust Home Loans's most frequently cited loan duration was 30 Year, with 2,284 originations. The 2nd most popular length was 15 Year, with 328 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,193 $387,165,000 $176,546
    $2k-3k 366 $69,650,000 $190,301
    $3k-4k 141 $33,475,000 $237,411
    $4k-5k 33 $9,455,000 $286,515
    $<1k 28 $4,910,000 $175,357
    $5k+ 24 $8,570,000 $357,083

    Firsttrust Home Loans's average total fees were $4,262, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,193 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,209 $231,315,000 $191,328
    3-4% 1,090 $185,930,000 $170,578
    <2.5% 418 $85,820,000 $205,311
    4-5% 81 $13,335,000 $164,630
    5-6% 1 $115,000 $115,000

    During 2020, Firsttrust Home Loans's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,209 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,368 $203,080,000 $148,450 $3,943 3.08%
    $200k-400k 861 $229,015,000 $265,987 $4,612 2.96%
    $100,000 or less 466 $37,240,000 $79,914 $3,215 3.17%
    $400k-600k 103 $46,555,000 $451,990 $4,852 2.91%
    $600k-1MM 1 $625,000 $625,000 $18,178 3.13%

    2020 saw Firsttrust Home Loans place emphasis on $100k-200k loans with 1,368 originations, totaling $203,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 762 $125,720,000 $164,987 $4,138 3.10%
    $50k or less 703 $85,005,000 $120,917 $3,950 3.12%
    $100k-150k 508 $113,660,000 $223,740 $4,103 2.99%
    $75k-100k 500 $99,740,000 $199,480 $4,248 3.03%
    $150k-250k 256 $68,630,000 $268,086 $3,839 2.93%
    $250k+ 70 $23,760,000 $339,429 $3,733 2.94%

    Firsttrust Home Loans lent most frequently to those with incomes in the $50k-75k range, with 762 originations. The second most popular income band? $50k or less, with 703 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 790 $148,580,000 $188,076 $3,794 3.00%
    30-36% 545 $95,205,000 $174,688 $3,918 3.09%
    <20% 296 $52,840,000 $178,514 $3,380 2.93%
    41% 107 $20,435,000 $190,981 $4,554 3.12%
    39% 100 $16,910,000 $169,100 $3,922 3.19%
    43% 100 $18,570,000 $185,700 $4,198 3.15%
    50-60% 98 $19,250,000 $196,429 $6,322 3.08%
    40% 96 $18,240,000 $190,000 $4,137 3.18%
    37% 95 $18,185,000 $191,421 $4,232 3.11%
    38% 94 $18,590,000 $197,766 $4,462 3.09%
    36% 92 $16,660,000 $181,087 $4,160 3.04%
    42% 77 $14,705,000 $190,974 $4,085 3.02%
    44% 63 $11,325,000 $179,762 $4,279 3.14%
    49% 61 $11,955,000 $195,984 $4,450 3.11%
    46% 55 $9,915,000 $180,273 $5,408 3.09%
    47% 47 $9,275,000 $197,340 $4,138 3.11%
    48% 43 $8,695,000 $202,209 $4,485 2.98%
    45% 38 $6,900,000 $181,579 $4,675 3.07%
    >60% 2 $280,000 $140,000 $4,823 2.69%

    Firsttrust Home Loans lent most frequently to those with DTI ratios of 20-30%, with 790 originations. The next most common DTI ratio? 30-36%, with 545 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,494 $460,530,000 $184,655 $4,000 3.05%
    Black 164 $28,630,000 $174,573 $4,928 3.21%
    Not provided 73 $14,025,000 $192,123 $4,136 2.97%
    Asian 37 $7,845,000 $212,027 $3,886 2.88%
    American Indian 28 $4,770,000 $170,357 $4,828 3.03%
    Native Hawaiian or Islander 3 $715,000 $238,333 $5,916 2.79%

    Approval Rates

    Total approvals of all applications
    98.63%

    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
    44.05%

    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 2,799 $516,515,000 $184,536

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $1,080,000 $108,000
    Single Family (1-4 Units):Site-Built 2,789 $515,435,000 $184,810

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $2,715,000 $100,556 $2,777 2.64%
    40-60% 183 $30,275,000 $165,437 $2,975 2.81%
    60-80% 805 $162,465,000 $201,820 $3,285 2.99%
    80-100% 1,728 $309,190,000 $178,929 $4,440 3.12%
    Over 100% 51 $11,535,000 $226,176 $8,636 2.93%
    Under 20% 5 $335,000 $67,000 $1,052 2.90%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HOME MORTGAGE CORPORATION FHA mortgage Struggling to pay mortgage 1 25.0%
    FIRST HOME MORTGAGE CORPORATION Conventional home mortgage Closing on a mortgage 1 25.0%
    FIRST HOME MORTGAGE CORPORATION Conventional home mortgage Struggling to pay mortgage 1 25.0%
    FIRST HOME MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%