First National Bank Mortgage Rates, Fees & Info
Goodland, KSLEI: 254900YTIBBOK7PFSV38
Tax ID: 48-0220810
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Mortgage Data
Review & Overview
First National Bank is a smaller bank specializing in Home Purchase and Refi loans. First National Bank has a high proportion of conventional loans. Their top two markets are Denver and Greeley .First 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.
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Originations
19Origination Dollar Volume (All Markets)
$3,235,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 10 | $1,610,000 | $161,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $320,000 | $40,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 19 | $3,235,000 | $170,263 | $0 | 0.00% |
For 2018, First National Bank's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 15 | $1,775,000 | $118,333 | $0 | 0.00% |
| Refi | 3 | $1,395,000 | $465,000 | $0 | 0.00% |
| Home Improvement | 1 | $65,000 | $65,000 | $0 | 0.00% |
For 2018, First National Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 19 | $3,235,000 | $170,263 | $0 | 0.00% |
For 2018, First National Bank's most frequently cited loan duration was Other, with 19 originations.
Loan Sizing
2018 saw First National Bank place emphasis on $100,000 or less loans with 14 originations, totaling $650,000 in origination value.
Applicant Income
First National Bank lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $75k-100k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 19 | $3,235,000 | $170,263 | $0 | 0.00% |
First National Bank lent most frequently to those with DTI ratios of Exempt%, with 19 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 8 | $1,910,000 | $238,750 | $0 | 0.00% |
| White | 11 | $1,325,000 | $120,455 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.45%
First 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 origination89.47%
First National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 19 | $3,235,000 | $170,263 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |