First Commercial Bank Mortgage Rates, Fees & Info
Jackson, MSLEI: 254900SG0DG9VHV3LR79
Tax ID: 64-0922862
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Mortgage Data
Review & Overview
First Commercial Bank is a smaller bank specializing in Home Purchase loans. First Commercial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oxford, Jackson, Memphis, Fredericksburg, and Pensacola among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)First Commercial 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.
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Originations
165Origination Dollar Volume (All Markets)
$76,885,000Top 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 |
|---|---|---|---|---|---|
| Oxford, MS (FHA|USDA|VA) | 30 | $32,320,000 | $1,077,333 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 99 | $29,385,000 | $296,818 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 15 | $7,615,000 | $507,667 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,990,000 | $331,667 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| West Point, MS (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 165 | $76,885,000 | $465,970 | $0 | 0.00% |
For 2023, First Commercial Bank's most frequently originated type of loan was Conventional, with 165 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 130 | $70,250,000 | $540,385 | $0 | 0.00% |
| Refi | 29 | $5,955,000 | $205,345 | $0 | 0.00% |
| Other | 6 | $680,000 | $113,333 | $0 | 0.00% |
For 2023, First Commercial Bank's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 165 | $76,885,000 | $465,970 | $0 | 0.00% |
For 2023, First Commercial Bank's most frequently cited loan duration was Other, with 165 originations.
Loan Sizing
2023 saw First Commercial Bank place emphasis on $200k-400k loans with 57 originations, totaling $16,415,000 in origination value.
Applicant Income
First Commercial Bank lent most frequently to those with incomes in the $250k+ range, with 46 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 165 | $76,885,000 | $465,970 | $0 | 0.00% |
First Commercial Bank lent most frequently to those with DTI ratios of Exempt%, with 165 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.89%
First Commercial Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.12%
First Commercial Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 165 | $76,885,000 | $465,970 |