First Western Bank Mortgage Rates, Fees & Info
Booneville, ARLEI: 54930013SG5BXUL3G429
Tax ID: 71-0031220
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Western Bank is a smaller bank specializing in Home Purchase loans. First Western Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Fort Smith, Crestview, Los Angeles, and Little Rock among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)First Western Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
179Origination Dollar Volume (All Markets)
$51,315,000Top 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 |
|---|---|---|---|---|---|
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 102 | $35,730,000 | $350,294 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 31 | $7,315,000 | $235,968 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $6,010,000 | $143,095 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,585,000 | $1,585,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 179 | $51,315,000 | $286,676 | $0 | 0.00% |
For 2022, First Western Bank's most frequently originated type of loan was Conventional, with 179 originations.
Loan Reason
For 2022, First Western Bank's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 179 | $51,315,000 | $286,676 | $0 | 0.00% |
For 2022, First Western Bank's most frequently cited loan duration was Other, with 179 originations.
Loan Sizing
2022 saw First Western Bank place emphasis on $200k-400k loans with 63 originations, totaling $16,685,000 in origination value.
Applicant Income
First Western Bank lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 179 | $51,315,000 | $286,676 | $0 | 0.00% |
First Western Bank lent most frequently to those with DTI ratios of Exempt%, with 179 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.96%
First Western 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 origination94.41%
First Western Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 179 | $51,315,000 | $286,676 |
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% |