First Financial Bank Mortgage Rates, Fees & Info

El Dorado, AR

LEI: 254900CNZPI5WN45KW48

Tax ID: 71-0056740

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Financial Bank is a smaller bank specializing in Home Purchase loans. First Financial Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jonesboro, Fort Smith, Little Rock, El Dorado, and Paragould among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Financial 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. First Financial Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.70% 11/17/24
    30 Year Conventional Refi 6.55% 11/17/24
    30 Year Cash-out Refi 6.89% 11/17/24
    30 Year FHA Purchase 7.37% 11/17/24
    30 Year FHA Refi 7.17% 11/17/24
    30 Year VA Purchase 6.35% 11/17/24
    30 Year USDA Purchase 7.16% 11/17/24
    15 Year Conventional Purchase 6.43% 11/17/24
    15 Year Conventional Refi 6.22% 11/17/24
    15 Year Cash-out Refi 6.22% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First Financial Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Financial Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    467

    Origination Dollar Volume (All Markets)

    $86,365,000

    Awards

    First Financial Bank 30 Year Conventional Loans bronze First Financial Bank FHA Loans bronze First Financial Bank VA Loans bronze First Financial Bank 30 Year Conventional Loans bronze
    Show all (4) awards

    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
    JONESBORO, AR (FHA|USDA|VA) 144 $27,010,000 $187,569 $5,499 4.70%
    FORT SMITH, AR-OK (FHA|USDA|VA) 100 $20,460,000 $204,600 $6,120 4.98%
    Outside of Metro Areas 75 $10,175,000 $135,667 $4,082 5.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 41 $8,635,000 $210,610 $4,029 4.75%
    El Dorado, AR (FHA|USDA|VA) 46 $7,330,000 $159,348 $3,365 5.09%
    Paragould, AR (FHA|USDA|VA) 15 $3,335,000 $222,333 $7,261 5.32%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 10 $2,330,000 $233,000 $6,774 4.58%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 9 $1,675,000 $186,111 $2,962 5.19%
    Searcy, AR (FHA|USDA|VA) 5 $845,000 $169,000 $5,016 5.05%
    JACKSON, MS (FHA|USDA|VA) 1 $535,000 $535,000 $4,126 4.88%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $520,000 $260,000 $4,112 4.63%
    HOT SPRINGS, AR (FHA|USDA|VA) 2 $410,000 $205,000 $4,644 4.31%
    Russellville, AR (FHA|USDA|VA) 2 $390,000 $195,000 $9,978 5.38%
    Blytheville, AR (FHA|USDA|VA) 2 $330,000 $165,000 $6,433 4.38%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,764 4.00%
    Camden, AR (FHA|USDA|VA) 2 $270,000 $135,000 $3,600 5.69%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $255,000 $255,000 $6,445 5.13%
    LAWTON, OK (FHA|USDA|VA) 1 $255,000 $255,000 $6,491 5.38%
    Greenwood, MS (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,178 3.75%
    COLUMBIA, MO (FHA|USDA|VA) 1 $185,000 $185,000 $2,208 4.50%
    TULSA, OK (FHA|USDA|VA) 1 $165,000 $165,000 $5,396 3.63%
    Malvern, AR (FHA|USDA|VA) 1 $145,000 $145,000 $4,247 5.50%
    DALTON, GA (FHA|USDA|VA) 1 $135,000 $135,000 $1,974 2.50%
    Batesville, AR (FHA|USDA|VA) 1 $125,000 $125,000 $3,631 7.63%
    Weatherford, OK (FHA|USDA|VA) 1 $65,000 $65,000 $4,839 3.75%
    First Financial Bank's top markets include Jonesboro, Fort Smith, Little Rock, El Dorado, and Paragould among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Financial Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Bank of Missouri
    Similarity Rank: 329
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 445
    United Bank
    Similarity Rank: 459
    First National Bank
    Similarity Rank: 550
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 720
    Signature Bank of Arkansas
    Similarity Rank: 936
    Southern Bank
    Similarity Rank: 1407
    Firstar Bank
    Similarity Rank: 1716
    UNIFY FINANCIAL Credit Union
    Similarity Rank: 2040
    Priority Bank
    Similarity Rank: 2256

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 321 $57,845,000 $180,202 $3,947 4.89%
    FHA 112 $21,630,000 $193,125 $7,661 4.92%
    VA 19 $4,695,000 $247,105 $6,946 4.59%
    USDA 15 $2,195,000 $146,333 $5,514 4.84%

    For 2022, First Financial Bank's most frequently originated type of loan was Conventional, with 321 originations. Their 2nd most popular type was FHA, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 370 $69,820,000 $188,703 $5,437 4.99%
    Cash Out Refi 59 $9,315,000 $157,881 $3,654 4.34%
    Refi 35 $6,895,000 $197,000 $4,581 4.50%
    Home Improvement 3 $335,000 $111,667 $5,833 6.75%

    For 2022, First Financial Bank's most frequently cited loan purpose was Home Purchase, with 370 originations. The 2nd most popular reason was Cash Out Refi, with 59 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 384 $77,020,000 $200,573 $5,392 4.89%
    15 Year 39 $4,615,000 $118,333 $3,551 4.35%
    20 Year 26 $3,700,000 $142,308 $3,711 4.80%
    10 Year 9 $315,000 $35,000 $331 5.97%
    Other 5 $555,000 $111,000 $1,224 6.45%
    3 Year 2 $110,000 $55,000 $0 6.13%
    5 Year 2 $50,000 $25,000 $0 5.13%

    For 2022, First Financial Bank's most frequently cited loan duration was 30 Year, with 384 originations. The 2nd most popular length was 15 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 119 $21,245,000 $178,529
    $<1k 111 $20,705,000 $186,532
    $1k-2k 73 $9,325,000 $127,740
    $3k-4k 57 $13,185,000 $231,316
    $5k+ 31 $10,525,000 $339,516
    $4k-5k 20 $5,630,000 $281,500

    First Financial Bank's average total fees were $5,392, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 119 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 146 $27,340,000 $187,260
    3-4% 125 $23,815,000 $190,520
    4-5% 105 $18,755,000 $178,619
    6-7% 54 $9,170,000 $169,815
    2.5-3% 20 $4,870,000 $243,500
    7-8% 13 $2,025,000 $155,769
    <2.5% 2 $270,000 $135,000
    Over 8% 1 $55,000 $55,000

    During 2022, First Financial Bank's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 5-6%, with 146 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 198 $29,610,000 $149,545 $4,437 4.76%
    $200k-400k 161 $42,495,000 $263,944 $6,494 4.89%
    $100,000 or less 91 $5,945,000 $65,330 $2,904 5.14%
    $400k-600k 15 $7,065,000 $471,000 $8,277 4.69%
    $600k-1MM 2 $1,250,000 $625,000 $7,653 5.88%

    2022 saw First Financial Bank place emphasis on $100k-200k loans with 198 originations, totaling $29,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 114 $13,520,000 $118,596 $4,447 4.79%
    $50k-75k 111 $19,135,000 $172,387 $4,908 4.93%
    $100k-150k 86 $21,860,000 $254,186 $6,168 4.76%
    $75k-100k 78 $15,700,000 $201,282 $5,469 4.73%
    $150k-250k 34 $8,440,000 $248,235 $4,714 4.98%
    $250k+ 17 $5,015,000 $295,000 $5,774 5.02%

    First Financial Bank lent most frequently to those with incomes in the $50k or less range, with 114 originations. The second most popular income band? $50k-75k, with 111 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 104 $17,820,000 $171,346 $4,359 4.71%
    30-36% 82 $16,130,000 $196,707 $5,026 4.76%
    <20% 38 $6,780,000 $178,421 $3,536 4.56%
    50-60% 26 $5,850,000 $225,000 $8,723 5.05%
    44% 25 $4,415,000 $176,600 $4,627 4.46%
    39% 18 $3,450,000 $191,667 $5,667 5.17%
    37% 16 $3,570,000 $223,125 $5,939 4.52%
    49% 15 $3,155,000 $210,333 $6,011 5.32%
    43% 15 $3,075,000 $205,000 $5,718 5.23%
    41% 14 $2,320,000 $165,714 $4,259 5.12%
    38% 13 $2,675,000 $205,769 $5,893 4.59%
    36% 13 $2,295,000 $176,538 $5,049 4.63%
    42% 12 $2,300,000 $191,667 $5,541 5.45%
    48% 11 $1,825,000 $165,909 $5,245 5.49%
    45% 10 $1,780,000 $178,000 $6,229 5.49%
    47% 8 $1,960,000 $245,000 $6,325 4.94%
    40% 8 $2,100,000 $262,500 $5,725 4.61%
    46% 7 $1,685,000 $240,714 $5,566 4.71%
    >60% 1 $55,000 $55,000 $1,923 6.25%

    First Financial Bank lent most frequently to those with DTI ratios of 20-30%, with 104 originations. The next most common DTI ratio? 30-36%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 399 $74,715,000 $187,256 $5,137 4.88%
    Black 24 $3,840,000 $160,000 $5,400 4.72%
    Asian 13 $2,955,000 $227,308 $4,373 4.37%
    Not provided 13 $2,305,000 $177,308 $5,097 5.47%
    American Indian 8 $1,500,000 $187,500 $6,451 4.91%
    Not applicable 10 $1,050,000 $105,000 $0 5.06%

    Approval Rates

    Total approvals of all applications
    95.48%

    First Financial 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 origination
    78.59%

    First Financial Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 467 $86,365,000 $184,936

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    467 $86,365,000 $184,936

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $1,820,000 $101,111 $2,921 4.60%
    40-60% 31 $4,865,000 $156,935 $3,215 5.05%
    60-80% 132 $23,640,000 $179,091 $4,281 4.79%
    80-100% 273 $54,425,000 $199,359 $5,772 4.91%
    Over 100% 9 $1,525,000 $169,444 $9,865 4.57%
    Under 20% 4 $90,000 $22,500 $810 6.25%

    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%