First Community Bank Of East Tennessee Mortgage Rates, Fees & Info
Kingsport, TNLEI: 254900G8Q3CAX7YWBK48
Tax ID: 62-1526027
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Mortgage Data
Review & Overview
First Community Bank Of East Tennessee is a smaller bank specializing in Home Purchase loans. First Community Bank Of East Tennessee has a high proportion of conventional loans. Their top markets by origination volume include: Kingsport, Johnson City, Sevierville, Knoxville, and Greeneville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)First Community Bank Of East Tennessee 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
112Origination Dollar Volume (All Markets)
$26,530,000Top 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 |
|---|---|---|---|---|---|
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 46 | $8,740,000 | $190,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 36 | $6,260,000 | $173,889 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 9 | $5,615,000 | $623,889 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 7 | $1,715,000 | $245,000 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Newport, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 112 | $26,530,000 | $236,875 | $0 | 0.00% |
For 2022, First Community Bank Of East Tennessee's most frequently originated type of loan was Conventional, with 112 originations.
Loan Reason
For 2022, First Community Bank Of East Tennessee's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 112 | $26,530,000 | $236,875 | $0 | 0.00% |
For 2022, First Community Bank Of East Tennessee's most frequently cited loan duration was Other, with 112 originations.
Loan Sizing
2022 saw First Community Bank Of East Tennessee place emphasis on $100k-200k loans with 51 originations, totaling $7,195,000 in origination value.
Applicant Income
First Community Bank Of East Tennessee lent most frequently to those with incomes in the $250k+ range, with 21 originations. The second most popular income band? $150k-250k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 112 | $26,530,000 | $236,875 | $0 | 0.00% |
First Community Bank Of East Tennessee lent most frequently to those with DTI ratios of Exempt%, with 112 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.28%
First Community Bank Of East Tennessee has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
First Community Bank Of East Tennessee has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 112 | $26,530,000 | $236,875 |
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% |