1st National Bank Mortgage Rates, Fees & Info

Lebanon, OH

LEI: 254900Q9V3DYHBRTUH61

Tax ID: 31-0383745

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
  • 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

    1st National Bank is a smaller bank specializing in Home Purchase loans. 1st National 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: Cincinnati, Dayton, Columbus, Wilmington, and Cleveland among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

    1st National 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. 1st National Bank is typically a low 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 6.66% 11/17/24
    30 Year Conventional Refi 6.55% 11/17/24
    30 Year Cash-out Refi 6.88% 11/17/24
    30 Year FHA Purchase 7.13% 11/17/24
    30 Year FHA Refi 6.27% 11/17/24
    30 Year VA Purchase 6.14% 11/17/24
    30 Year USDA Purchase 6.45% 11/17/24
    15 Year Conventional Purchase 6.03% 11/17/24
    15 Year Conventional Refi 5.91% 11/17/24
    15 Year Cash-out Refi 5.91% 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.

    1st National Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from 1st National 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

    569

    Origination Dollar Volume (All Markets)

    $152,695,000
    Show all (9) 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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 417 $118,285,000 $283,657 $3,122 4.52%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 45 $8,865,000 $197,000 $2,733 4.31%
    COLUMBUS, OH (FHA|USDA|VA) 16 $5,080,000 $317,500 $2,922 4.84%
    Outside of Metro Areas 23 $4,225,000 $183,696 $2,218 4.71%
    Wilmington, OH (FHA|USDA|VA) 23 $3,895,000 $169,348 $3,118 4.65%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $1,255,000 $251,000 $2,746 5.60%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,105,000 $221,000 $3,277 4.68%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $990,000 $495,000 $4,544 3.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $860,000 $430,000 $3,573 3.69%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $805,000 $268,333 $2,178 5.67%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $690,000 $345,000 $1,788 4.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $670,000 $335,000 $3,534 4.00%
    SPRINGFIELD, OH (FHA|USDA|VA) 3 $575,000 $191,667 $3,644 3.13%
    Richmond-Berea, KY (FHA|USDA|VA) 2 $500,000 $250,000 $3,720 4.69%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $485,000 $485,000 $11,071 5.25%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $475,000 $475,000 $3,278 4.50%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $445,000 $445,000 $3,263 3.63%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $430,000 $215,000 $2,400 4.69%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $425,000 $425,000 $4,093 7.63%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $420,000 $210,000 $4,486 6.19%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $365,000 $365,000 $7,229 4.63%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $275,000 $275,000 $7,804 3.00%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $265,000 $265,000 $6,186 4.88%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $260,000 $130,000 $2,131 4.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $225,000 $225,000 $10,650 4.50%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $225,000 $225,000 $11,039 3.50%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $195,000 $195,000 $4,270 2.75%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,461 5.00%
    Washington Court House, OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,420 4.50%
    Chillicothe, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,769 6.13%
    1st National Bank's top markets include Cincinnati, Dayton, Columbus, Wilmington, and Cleveland among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against 1st National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Sharefax Credit Union
    Similarity Rank: 170
    CINFED Federal Credit Union
    Similarity Rank: 210
    First Federal Savings and Loan Association
    Similarity Rank: 366
    The Community Bank
    Similarity Rank: 406
    Greenville Federal
    Similarity Rank: 420
    The North Side Bank & Trust Company
    Similarity Rank: 450
    Firefighters & Company FCU
    Similarity Rank: 480
    Eagle Savings Bank
    Similarity Rank: 546
    The Friendship State Bank
    Similarity Rank: 623
    CME Federal Credit Union
    Similarity Rank: 663

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 521 $142,455,000 $273,426 $2,771 4.54%
    FHA 38 $7,770,000 $204,474 $6,650 4.48%
    VA 7 $2,025,000 $289,286 $9,589 4.84%
    USDA 3 $445,000 $148,333 $3,505 4.38%

    For 2022, 1st National Bank's most frequently originated type of loan was Conventional, with 521 originations. Their 2nd most popular type was FHA, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 448 $122,850,000 $274,219 $3,249 4.66%
    Cash Out Refi 75 $15,775,000 $210,333 $3,149 4.34%
    Refi 43 $12,165,000 $282,907 $1,681 3.68%
    Other 3 $1,905,000 $635,000 $4,671 3.74%

    For 2022, 1st National Bank's most frequently cited loan purpose was Home Purchase, with 448 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 484 $136,960,000 $282,975 $3,239 4.64%
    15 Year 67 $13,015,000 $194,254 $2,528 3.74%
    3 Year 8 $1,290,000 $161,250 $2,653 5.25%
    20 Year 7 $1,135,000 $162,143 $2,171 4.32%
    10 Year 3 $295,000 $98,333 $611 4.13%

    For 2022, 1st National Bank's most frequently cited loan duration was 30 Year, with 484 originations. The 2nd most popular length was 15 Year, with 67 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 390 $103,240,000 $264,718
    $1k-2k 75 $17,085,000 $227,800
    $2k-3k 48 $11,410,000 $237,708
    $3k-4k 30 $9,820,000 $327,333
    $4k-5k 15 $5,125,000 $341,667
    $5k+ 11 $6,015,000 $546,818

    1st National Bank's average total fees were $3,239, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 390 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 168 $49,230,000 $293,036
    5-6% 134 $31,640,000 $236,119
    4-5% 120 $33,190,000 $276,583
    2.5-3% 74 $22,500,000 $304,054
    6-7% 55 $11,775,000 $214,091
    7-8% 11 $2,505,000 $227,727
    <2.5% 7 $1,855,000 $265,000

    During 2022, 1st National Bank's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 3-4%, with 168 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 245 $67,855,000 $276,959 $3,219 4.56%
    $100k-200k 173 $25,975,000 $150,145 $2,772 4.73%
    $400k-600k 85 $39,905,000 $469,471 $3,540 4.09%
    $100,000 or less 44 $3,120,000 $70,909 $2,102 4.67%
    $600k-1MM 19 $12,515,000 $658,684 $4,847 4.18%
    $1MM+ 3 $3,325,000 $1,108,333 $10,819 3.91%

    2022 saw 1st National Bank place emphasis on $200k-400k loans with 245 originations, totaling $67,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 125 $23,265,000 $186,120 $2,876 4.74%
    $100k-150k 124 $35,060,000 $282,742 $3,283 4.46%
    $150k-250k 121 $44,075,000 $364,256 $3,074 4.43%
    $75k-100k 97 $23,085,000 $237,990 $3,287 4.56%
    $50k or less 54 $7,110,000 $131,667 $2,693 4.50%
    $250k+ 48 $20,100,000 $418,750 $3,595 4.42%

    1st National Bank lent most frequently to those with incomes in the $50k-75k range, with 125 originations. The second most popular income band? $100k-150k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 140 $37,230,000 $265,929 $2,690 4.43%
    30-36% 92 $25,400,000 $276,087 $3,445 4.48%
    <20% 55 $14,725,000 $267,727 $2,675 4.30%
    42% 25 $6,325,000 $253,000 $2,661 4.92%
    36% 25 $6,495,000 $259,800 $2,654 4.25%
    43% 24 $5,750,000 $239,583 $3,016 4.74%
    40% 23 $6,425,000 $279,348 $3,519 4.49%
    41% 23 $6,225,000 $270,652 $3,090 4.39%
    44% 21 $5,875,000 $279,762 $3,975 4.73%
    38% 19 $5,325,000 $280,263 $3,266 4.20%
    39% 19 $5,905,000 $310,789 $2,888 4.63%
    49% 19 $4,835,000 $254,474 $2,705 4.57%
    37% 17 $3,665,000 $215,588 $3,256 4.44%
    46% 16 $4,580,000 $286,250 $2,710 4.92%
    47% 14 $3,000,000 $214,286 $3,351 5.05%
    50-60% 14 $3,560,000 $254,286 $5,654 5.07%
    48% 13 $3,565,000 $274,231 $4,114 5.11%
    45% 10 $3,810,000 $381,000 $4,593 4.75%

    1st National Bank lent most frequently to those with DTI ratios of 20-30%, with 140 originations. The next most common DTI ratio? 30-36%, with 92 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 389 $100,325,000 $257,905 $3,152 4.69%
    Asian 115 $32,415,000 $281,870 $2,957 4.20%
    Asian Indian 23 $8,475,000 $368,478 $2,764 3.77%
    Chinese 24 $6,860,000 $285,833 $2,642 3.76%
    Black 11 $2,325,000 $211,364 $4,575 5.50%
    American Indian 3 $715,000 $238,333 $4,833 4.88%
    Vietnamese 1 $675,000 $675,000 $7,991 4.25%
    Other Asian 2 $560,000 $280,000 $3,398 5.44%
    Other Pacific Islander 1 $345,000 $345,000 $2,057 4.88%

    Approval Rates

    Total approvals of all applications
    98.45%

    1st National 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
    56.24%

    1st National Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 569 $152,695,000 $268,357

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    569 $152,695,000 $268,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $4,335,000 $173,400 $1,760 4.57%
    40-60% 57 $13,375,000 $234,649 $2,319 4.35%
    60-80% 238 $62,940,000 $264,454 $2,960 4.49%
    80-100% 238 $69,230,000 $290,882 $3,517 4.60%
    Over 100% 4 $2,360,000 $590,000 $11,822 4.53%
    Under 20% 7 $455,000 $65,000 $1,420 5.39%