Firsttrust Home Loans Mortgage Rates, Fees & Info

Sheridan, AR

LEI: 2549007JQKHU8KQ0FC19

Tax ID: 84-1628152

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Fayetteville, Joplin, Hot Springs, and Pine Bluff among others. We have data for 62 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 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% 12/16/24
    30 Year Conventional Refi 6.72% 12/16/24
    30 Year Cash-out Refi 6.91% 12/16/24
    30 Year FHA Purchase 7.59% 12/16/24
    30 Year FHA Refi 7.41% 12/16/24
    30 Year VA Purchase 6.65% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    30 Year USDA Purchase 7.11% 12/16/24
    30 Year USDA Refi 6.77% 12/16/24
    15 Year Conventional Purchase 6.31% 12/16/24
    15 Year Conventional Refi 6.25% 12/16/24
    15 Year Cash-out Refi 6.25% 12/16/24
    15 Year FHA Purchase 5.68% 12/16/24
    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

    2,989

    Origination Dollar Volume (All Markets)

    $570,635,000
    Show all (13) 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) 1,050 $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.

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

    Bossier Federal Credit Union
    Similarity Rank: 68
    The Farmers & Merchants Bank
    Similarity Rank: 168
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 208
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 209
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 220
    Priority Bank
    Similarity Rank: 264
    Southwest Missouri Bank
    Similarity Rank: 322
    The First National Bank of Fort Smith
    Similarity Rank: 360
    WEOKIE
    Similarity Rank: 432
    American Bank of Oklahoma
    Similarity Rank: 459

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Firsttrust Home Loans's most frequently originated type of loan was Conventional, with 1,672 originations. Their 2nd most popular type was FHA, with 589 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Firsttrust Home Loans's most frequently cited loan purpose was Home Purchase, with 2,039 originations. The 2nd most popular reason was 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 2021, Firsttrust Home Loans's most frequently cited loan duration was 30 Year, with 2,910 originations. The 2nd most popular length was 15 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,401 $437,745,000 $182,318
    $2k-3k 354 $72,280,000 $204,181
    $3k-4k 115 $27,725,000 $241,087
    $<1k 48 $9,050,000 $188,542
    $4k-5k 36 $10,510,000 $291,944
    $5k+ 35 $13,325,000 $380,714

    Firsttrust Home Loans's average total fees were $4,278, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.06%, while their most frequently originated rate bucket for loans was 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 or Islander 2 $310,000 $155,000 $4,748 2.69%

    Approval Rates

    Total approvals of all applications
    83.82%

    Firsttrust Home Loans has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.50%

    Firsttrust Home Loans has a below average pick rate.

    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%