The First National Bank Of Hartford Mortgage Rates, Fees & Info

Hartford, AL

LEI: 254900FN90BBXGBCPB30

Tax ID: 63-0095181

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Mortgage Data

Review & Overview

The First National Bank Of Hartford is a smaller bank specializing in Refi and Home Purchase loans. The First National Bank Of Hartford has a high proportion of conventional loans. Their top markets by origination volume include: Dothan, Ozark, Enterprise, and Panama City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Hartford 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

90

Origination Dollar Volume (All Markets)

$9,240,000

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
DOTHAN, AL (FHA|USDA|VA) 62 $6,660,000 $107,419 $0 0.00%
Outside of Metro Areas 15 $1,215,000 $81,000 $0 0.00%
Ozark, AL (FHA|USDA|VA) 7 $725,000 $103,571 $0 0.00%
Enterprise, AL (FHA|USDA|VA) 5 $485,000 $97,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
The First National Bank Of Hartford's top markets include Dothan, Ozark, Enterprise, and Panama City among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $9,240,000 $102,667 $0 0.00%

    For 2023, The First National Bank Of Hartford's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 41 $4,955,000 $120,854 $0 0.00%
    Home Purchase 33 $3,405,000 $103,182 $0 0.00%
    Home Improvement 13 $685,000 $52,692 $0 0.00%
    Other 3 $195,000 $65,000 $0 0.00%

    For 2023, The First National Bank Of Hartford's most frequently cited loan purpose was Refi, with 41 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $9,240,000 $102,667 $0 0.00%

    For 2023, The First National Bank Of Hartford's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $2,580,000 $47,778 $0 0.00%
    $100k-200k 24 $3,390,000 $141,250 $0 0.00%
    $200k-400k 11 $2,645,000 $240,455 $0 0.00%
    $600k-1MM 1 $625,000 $625,000 $0 0.00%

    2023 saw The First National Bank Of Hartford place emphasis on $100,000 or less loans with 54 originations, totaling $2,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $1,865,000 $47,821 $0 0.00%
    $50k-75k 20 $2,530,000 $126,500 $0 0.00%
    $75k-100k 17 $1,805,000 $106,176 $0 0.00%
    $100k-150k 8 $2,120,000 $265,000 $0 0.00%
    $150k-250k 4 $710,000 $177,500 $0 0.00%
    $250k+ 1 $105,000 $105,000 $0 0.00%

    The First National Bank Of Hartford lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $9,240,000 $102,667 $0 0.00%

    The First National Bank Of Hartford lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $8,875,000 $104,412 $0 0.00%
    Black 4 $280,000 $70,000 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.00%

    The First National Bank Of Hartford 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
    91.11%

    The First National Bank Of Hartford has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $9,240,000 $102,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    90 $9,240,000 $102,667