First Commercial Bank Mortgage Rates, Fees & Info
Jackson, MSLEI: 254900SG0DG9VHV3LR79
Tax ID: 64-0922862
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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: Jackson, Auburn, Oxford, Memphis, and Crestview among others. We have data for 17 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
192Origination Dollar Volume (All Markets)
$129,190,000Top 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 |
|---|---|---|---|---|---|
| JACKSON, MS (FHA|USDA|VA) | 96 | $37,220,000 | $387,708 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $35,350,000 | $17,675,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 32 | $23,360,000 | $730,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 34 | $12,880,000 | $378,824 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $9,250,000 | $2,312,500 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $2,060,000 | $1,030,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 6 | $1,800,000 | $300,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,435,000 | $287,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 192 | $129,190,000 | $672,865 | $0 | 0.00% |
For 2022, First Commercial Bank's most frequently originated type of loan was Conventional, with 192 originations.
Loan Reason
For 2022, First Commercial Bank's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Refi, with 57 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 192 | $129,190,000 | $672,865 | $0 | 0.00% |
For 2022, First Commercial Bank's most frequently cited loan duration was Other, with 192 originations.
Loan Sizing
2022 saw First Commercial Bank place emphasis on $200k-400k loans with 55 originations, totaling $16,185,000 in origination value.
Applicant Income
First Commercial Bank lent most frequently to those with incomes in the $250k+ range, with 60 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 192 | $129,190,000 | $672,865 | $0 | 0.00% |
First Commercial Bank lent most frequently to those with DTI ratios of Exempt%, with 192 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.89%
First Commercial 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 origination70.83%
First Commercial Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 192 | $129,190,000 | $672,865 |
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% |