First Community Bank Mortgage Rates, Fees & Info

Lexington, SC

LEI: 5493001HBUA9JSUEWO16

Tax ID: 57-1030051

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
  • Complaints
  • 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

    First Community Bank is a smaller bank specializing in Home Purchase loans. First Community 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: Columbia, Augusta, Spartanburg, Greenville, and Charlotte among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Community 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. First Community Bank is typically an average 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% 12/3/24
    30 Year Conventional Refi 6.70% 12/3/24
    30 Year Cash-out Refi 6.86% 12/3/24
    30 Year FHA Purchase 7.30% 12/3/24
    30 Year FHA Refi 7.32% 12/3/24
    30 Year VA Purchase 6.68% 12/3/24
    30 Year USDA Purchase 6.99% 12/3/24
    15 Year Conventional Purchase 6.49% 12/3/24
    15 Year Conventional Refi 6.25% 12/3/24
    15 Year Cash-out Refi 6.25% 12/3/24
    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.

    First Community Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Community 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

    432

    Origination Dollar Volume (All Markets)

    $135,650,000

    Awards

    First Community Bank 30 Year Conventional Loans silver
    Show all (1) 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
    COLUMBIA, SC (FHA|USDA|VA) 210 $58,320,000 $277,714 $6,382 4.63%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 75 $21,265,000 $283,533 $5,818 4.77%
    SPARTANBURG, SC (FHA|USDA|VA) 10 $20,050,000 $2,005,000 $9,342 5.37%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 50 $13,380,000 $267,600 $8,152 5.21%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 24 $7,450,000 $310,417 $8,346 5.22%
    Newberry, SC (FHA|USDA|VA) 25 $4,785,000 $191,400 $5,997 5.02%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $2,560,000 $426,667 $10,623 4.74%
    Outside of Metro Areas 9 $1,815,000 $201,667 $6,258 4.63%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,485,000 $297,000 $5,520 4.77%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $645,000 $645,000 $9,588 3.13%
    FLORENCE, SC (FHA|USDA|VA) 3 $575,000 $191,667 $8,359 4.58%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $575,000 $575,000 $12,207 4.00%
    Georgetown, SC (FHA|USDA|VA) 1 $565,000 $565,000 $0 4.19%
    Seneca, SC (FHA|USDA|VA) 3 $435,000 $145,000 $9,351 4.08%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $395,000 $395,000 $9,144 4.25%
    Martinsville, VA (FHA|USDA|VA) 1 $275,000 $275,000 $6,484 4.00%
    SUMTER, SC (FHA|USDA|VA) 2 $270,000 $135,000 $4,977 6.56%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.00%
    Gaffney, SC (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.25%
    Greenwood, SC (FHA|USDA|VA) 1 $165,000 $165,000 $9,186 3.63%
    Orangeburg, SC (FHA|USDA|VA) 1 $125,000 $125,000 $3,065 3.25%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $105,000 $105,000 $2,384 3.50%
    First Community Bank's top markets include Columbia, Augusta, Spartanburg, Greenville, and Charlotte among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 370
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 588
    Palmetto Citizens Federal Credit Union
    Similarity Rank: 624
    Deere Employees Credit Union
    Similarity Rank: 954
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 1025
    FINANCIAL RESOURCES FEDERAL CREDIT UNION
    Similarity Rank: 1160
    First Piedmont Federal Savings and Loan Association of Gaffney
    Similarity Rank: 1224
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 1330
    SRP Federal Credit Union
    Similarity Rank: 1498
    Peoples Bank
    Similarity Rank: 1562

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 346 $116,380,000 $336,358 $5,770 4.73%
    FHA 60 $12,760,000 $212,667 $10,126 5.13%
    VA 15 $4,125,000 $275,000 $9,748 4.83%
    USDA 11 $2,385,000 $216,818 $7,937 4.89%

    For 2022, First Community Bank's most frequently originated type of loan was Conventional, with 346 originations. Their 2nd most popular type was FHA, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 332 $108,620,000 $327,169 $7,510 4.90%
    Refi 48 $17,080,000 $355,833 $3,819 4.30%
    Cash Out Refi 25 $6,355,000 $254,200 $4,701 4.52%
    Other 15 $1,545,000 $103,000 $2,983 4.41%
    Home Improvement 12 $2,050,000 $170,833 $3,347 4.73%

    For 2022, First Community Bank's most frequently cited loan purpose was Home Purchase, with 332 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 280 $72,760,000 $259,857 $7,040 4.71%
    5 Year 49 $14,835,000 $302,755 $0 4.78%
    Other 47 $30,945,000 $658,404 $2,452 4.75%
    30+ year 31 $13,015,000 $419,839 $8,701 5.85%
    15 Year 17 $2,575,000 $151,471 $4,316 4.46%
    10 Year 4 $920,000 $230,000 $0 4.87%
    1 Year 3 $415,000 $138,333 $0 4.57%
    20 Year 1 $185,000 $185,000 $8,010 4.00%

    For 2022, First Community Bank's most frequently cited loan duration was 30 Year, with 280 originations. The 2nd most popular length was 5 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 76 $15,030,000 $197,763
    $3k-4k 75 $18,635,000 $248,467
    $2k-3k 65 $12,215,000 $187,923
    $5k+ 55 $25,055,000 $455,545
    $4k-5k 46 $14,210,000 $308,913
    $<1k 35 $6,015,000 $171,857

    First Community Bank's average total fees were $7,040, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 76 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 154 $59,730,000 $387,857
    3-4% 114 $32,310,000 $283,421
    5-6% 105 $26,605,000 $253,381
    6-7% 44 $13,350,000 $303,409
    7-8% 10 $2,490,000 $249,000
    2.5-3% 4 $1,070,000 $267,500
    <2.5% 1 $95,000 $95,000

    During 2022, First Community Bank's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 183 $50,785,000 $277,514 $7,592 4.86%
    $100k-200k 134 $20,500,000 $152,985 $5,876 4.76%
    $100,000 or less 46 $3,110,000 $67,609 $2,984 4.90%
    $400k-600k 43 $20,685,000 $481,047 $7,883 4.52%
    $600k-1MM 18 $12,430,000 $690,556 $9,241 4.60%
    $1MM+ 8 $28,140,000 $3,517,500 $17,487 4.90%

    2022 saw First Community Bank place emphasis on $200k-400k loans with 183 originations, totaling $50,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 90 $24,860,000 $276,222 $6,320 4.82%
    $50k-75k 79 $16,545,000 $209,430 $7,352 4.68%
    $75k-100k 72 $14,840,000 $206,111 $6,577 5.00%
    $150k-250k 52 $19,870,000 $382,115 $7,962 4.84%
    $50k or less 38 $5,050,000 $132,895 $5,352 4.84%
    $250k+ 24 $10,170,000 $423,750 $7,190 4.62%

    First Community Bank lent most frequently to those with incomes in the $100k-150k range, with 90 originations. The second most popular income band? $50k-75k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $20,945,000 $258,580 $6,278 4.65%
    30-36% 58 $15,820,000 $272,759 $6,778 4.90%
    <20% 39 $7,265,000 $186,282 $4,888 4.53%
    41% 22 $5,930,000 $269,545 $7,015 4.93%
    44% 17 $4,975,000 $292,647 $6,802 4.61%
    42% 16 $5,690,000 $355,625 $7,308 4.86%
    36% 16 $4,220,000 $263,750 $7,302 4.71%
    38% 16 $3,410,000 $213,125 $7,049 5.24%
    40% 16 $3,630,000 $226,875 $6,466 5.10%
    39% 14 $3,650,000 $260,714 $6,825 4.44%
    43% 11 $3,115,000 $283,182 $7,562 5.20%
    50-60% 11 $3,305,000 $300,455 $11,798 5.14%
    37% 10 $2,790,000 $279,000 $5,414 4.66%
    45% 8 $2,010,000 $251,250 $7,556 4.89%
    49% 7 $1,665,000 $237,857 $7,645 5.46%
    48% 6 $1,540,000 $256,667 $8,412 5.00%
    >60% 3 $1,095,000 $365,000 $10,816 4.60%
    46% 3 $585,000 $195,000 $10,595 5.29%
    47% 3 $685,000 $228,333 $6,788 5.04%

    First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 302 $77,620,000 $257,020 $6,779 4.83%
    Not applicable 70 $42,300,000 $604,286 $0 4.68%
    Not provided 23 $7,835,000 $340,652 $6,986 4.64%
    Black 28 $5,910,000 $211,071 $6,639 4.66%
    Asian 7 $1,645,000 $235,000 $5,246 4.72%
    American Indian 2 $340,000 $170,000 $6,721 6.25%

    Approval Rates

    Total approvals of all applications
    93.20%

    First Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.10%

    First Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 432 $135,650,000 $314,005

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    432 $135,650,000 $314,005

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,725,000 $149,000 $3,439 4.88%
    40-60% 49 $10,765,000 $219,694 $4,282 4.28%
    60-80% 158 $67,390,000 $426,519 $6,339 4.77%
    80-100% 179 $50,265,000 $280,810 $7,871 4.90%
    Over 100% 9 $2,245,000 $249,444 $11,831 5.13%
    Under 20% 12 $1,260,000 $105,000 $2,114 5.15%

    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%