First Trust And Savings Bank Mortgage Rates, Fees & Info

Wheatland, IA

LEI: 254900B7HAQFC56M2N14

Tax ID: 42-0219180

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

Jump to:

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 above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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.


Originations

57

Origination Dollar Volume (All Markets)

$5,725,000

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
Outside of Metro Areas 48 $4,450,000 $92,708 $0 0.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 9 $1,275,000 $141,667 $0 0.00%
First Trust And Savings Bank's top markets include and Davenport among others.

Their top states include:
  • (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $5,725,000 $100,439 $0 0.00%

    For 2019, First Trust And Savings Bank's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 25 $3,605,000 $144,200 $0 0.00%
    Refi 21 $1,675,000 $79,762 $0 0.00%
    Home Improvement 6 $190,000 $31,667 $0 0.00%
    Other 5 $255,000 $51,000 $0 0.00%

    For 2019, First Trust And Savings Bank's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 57 $5,725,000 $100,439 $0 0.00%

    For 2019, First Trust And Savings Bank's most frequently cited loan duration was Other, with 57 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $1,545,000 $41,757 $0 0.00%
    $100k-200k 13 $1,875,000 $144,231 $0 0.00%
    $200k-400k 5 $1,135,000 $227,000 $0 0.00%
    $400k-600k 2 $1,170,000 $585,000 $0 0.00%

    2019 saw First Trust And Savings Bank place emphasis on $100,000 or less loans with 37 originations, totaling $1,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 16 $1,150,000 $71,875 $0 0.00%
    $100k-150k 10 $720,000 $72,000 $0 0.00%
    $50k-75k 10 $760,000 $76,000 $0 0.00%
    $75k-100k 9 $775,000 $86,111 $0 0.00%
    $150k-250k 2 $210,000 $105,000 $0 0.00%

    First Trust And Savings Bank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 57 $5,725,000 $100,439 $0 0.00%

    First Trust And Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $3,715,000 $79,043 $0 0.00%
    Not applicable 9 $1,975,000 $219,444 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.54%

    First Trust And Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.23%

    First Trust And Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 57 $5,725,000 $100,439

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $705,000 $235,000
    Single Family (1-4 Units):Manufactured 2 $110,000 $55,000
    Single Family (1-4 Units):Site-Built 52 $4,910,000 $94,423

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK VA mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK FHA mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%