First Trust And Savings Bank Mortgage Rates, Fees & Info
Wheatland, IALEI: 254900B7HAQFC56M2N14
Tax ID: 42-0219180
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Trust And Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. First Trust And Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Davenport.First Trust And Savings Bank 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.
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Originations
48Origination Dollar Volume (All Markets)
$4,040,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 43 | $3,445,000 | $80,116 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $4,040,000 | $84,167 | $0 | 0.00% |
For 2018, First Trust And Savings Bank's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
For 2018, First Trust And Savings Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $4,040,000 | $84,167 | $0 | 0.00% |
For 2018, First Trust And Savings Bank's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2018 saw First Trust And Savings Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,325,000 in origination value.
Applicant Income
First Trust And Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 14 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $4,040,000 | $84,167 | $0 | 0.00% |
First Trust And Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 46 | $3,820,000 | $83,043 | $0 | 0.00% |
| Not applicable | 2 | $220,000 | $110,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications77.94%
First Trust And Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination89.58%
First Trust And Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $4,040,000 | $84,167 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |