First Security Bank Mortgage Rates, Fees & Info
Batesville, MSLEI: 2549007UK2BZOOSF6C76
Tax ID: 64-0322079
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Security Bank is a smaller bank specializing in Home Purchase loans. First Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Oxford, Crestview, Mobile, and Starkville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)First Security Bank 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.
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Originations
173Origination Dollar Volume (All Markets)
$24,655,000Top 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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 101 | $14,715,000 | $145,693 | $0 | 0.00% |
| Outside of Metro Areas | 57 | $5,545,000 | $97,281 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 6 | $2,130,000 | $355,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Clarksdale, MS (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Grenada, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 173 | $24,655,000 | $142,514 | $0 | 0.00% |
For 2023, First Security Bank's most frequently originated type of loan was Conventional, with 173 originations.
Loan Reason
For 2023, First Security Bank's most frequently cited loan purpose was Home Purchase, with 111 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 173 | $24,655,000 | $142,514 | $0 | 0.00% |
For 2023, First Security Bank's most frequently cited loan duration was Other, with 173 originations.
Loan Sizing
2023 saw First Security Bank place emphasis on $100,000 or less loans with 88 originations, totaling $4,740,000 in origination value.
Applicant Income
First Security Bank lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 173 | $24,655,000 | $142,514 | $0 | 0.00% |
First Security Bank lent most frequently to those with DTI ratios of Exempt%, with 173 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.04%
First Security Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.86%
First Security Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 173 | $24,655,000 | $142,514 |