First National Bk Waynesboro Mortgage Rates, Fees & Info
Waynesboro, GALEI: 254900BH50BFK66NHC96
Tax ID: 58-0242975
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Mortgage Data
Review & Overview
First National Bk Waynesboro is a smaller mortgage company specializing in Home Purchase and Refi loans. First National Bk Waynesboro has a high proportion of conventional loans. First National Bk Waynesboro has a low ratio of conventional loans. Their top markets by origination volume include: Augusta, Hilton Head Island, Dublin, and Savannah among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bk Waynesboro has an above average approval rate when compared to the average across all lenders.
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Originations
76Origination Dollar Volume (All Markets)
$9,210,000Top 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 |
|---|---|---|---|---|---|
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 69 | $8,545,000 | $123,841 | $1,425 | 7.75% |
| Outside of Metro Areas | 4 | $370,000 | $92,500 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Dublin, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $9,165,000 | $122,200 | $0 | 0.00% |
| Conventional | 1 | $45,000 | $45,000 | $1,425 | 7.75% |
For 2018, First National Bk Waynesboro's most frequently originated type of loan was Conventional, with 75 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 57 | $7,055,000 | $123,772 | $0 | 0.00% |
| Refi | 18 | $2,140,000 | $118,889 | $1,425 | 7.75% |
| Home Improvement | 1 | $15,000 | $15,000 | $0 | 0.00% |
For 2018, First National Bk Waynesboro's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 76 | $9,210,000 | $121,184 | $1,425 | 7.75% |
For 2018, First National Bk Waynesboro's most frequently cited loan duration was Other, with 76 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $45,000 | $45,000 |
First National Bk Waynesboro's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 1 | $45,000 | $45,000 |
During 2018, First National Bk Waynesboro's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 1 originations.
Loan Sizing
2018 saw First National Bk Waynesboro place emphasis on $100k-200k loans with 36 originations, totaling $4,780,000 in origination value.
Applicant Income
First National Bk Waynesboro lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $9,165,000 | $122,200 | $0 | 0.00% |
| 50-60% | 1 | $45,000 | $45,000 | $1,425 | 7.75% |
First National Bk Waynesboro lent most frequently to those with DTI ratios of Exempt%, with 75 originations. The next most common DTI ratio? 50-60%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
First National Bk Waynesboro has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $9,165,000 | $122,200 |
| NA | 1 | $45,000 | $45,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $45,000 | $45,000 |
| Single Family (1-4 Units):Site-Built | 75 | $9,165,000 | $122,200 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 80-100% | 1 | $45,000 | $45,000 | $1,425 | 7.75% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |