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 and Refi loans. First Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Oxford, Crestview, Starkville, and Washington among others. We have data for 10 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 an above average pick rate when compared to similar lenders.
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Originations
276Origination Dollar Volume (All Markets)
$50,300,000Top 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) | 162 | $29,930,000 | $184,753 | $0 | 0.00% |
| Outside of Metro Areas | 92 | $8,870,000 | $96,413 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 12 | $8,660,000 | $721,667 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,500,000 | $750,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Clarksdale, MS (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 276 | $50,300,000 | $182,246 | $0 | 0.00% |
For 2022, First Security Bank's most frequently originated type of loan was Conventional, with 276 originations.
Loan Reason
For 2022, First Security Bank's most frequently cited loan purpose was Home Purchase, with 165 originations. The 2nd most popular reason was Refi, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 276 | $50,300,000 | $182,246 | $0 | 0.00% |
For 2022, First Security Bank's most frequently cited loan duration was Other, with 276 originations.
Loan Sizing
2022 saw First Security Bank place emphasis on $100,000 or less loans with 109 originations, totaling $5,695,000 in origination value.
Applicant Income
First Security Bank lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $50k or less, with 39 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 276 | $50,300,000 | $182,246 | $0 | 0.00% |
First Security Bank lent most frequently to those with DTI ratios of Exempt%, with 276 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.07%
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 origination93.84%
First Security Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 276 | $50,300,000 | $182,246 |
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% |