First National Bank Mortgage Rates, Fees & Info

Cloverdale, IN

LEI: 54930035C68SRQ1RS395

Tax ID: 35-0310020

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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 National Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First National Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Indianapolis, Bloomington, Terre Haute, Lafayette, and Bedford among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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.

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    Originations

    89

    Origination Dollar Volume (All Markets)

    $15,895,000

    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
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 70 $14,190,000 $202,714 $0 0.00%
    BLOOMINGTON, IN (FHA|USDA|VA) 12 $1,180,000 $98,333 $0 0.00%
    TERRE HAUTE, IN (FHA|USDA|VA) 5 $265,000 $53,000 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Bedford, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    First National Bank's top markets include Indianapolis, Bloomington, Terre Haute, Lafayette, and Bedford among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 88 $15,640,000 $177,727 $0 0.00%
    USDA 1 $255,000 $255,000 $0 0.00%

    For 2023, First National Bank's most frequently originated type of loan was Conventional, with 88 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $8,840,000 $232,632 $0 0.00%
    Cash Out Refi 34 $4,250,000 $125,000 $0 0.00%
    Home Improvement 9 $1,435,000 $159,444 $0 0.00%
    Refi 6 $1,040,000 $173,333 $0 0.00%
    Other 2 $330,000 $165,000 $0 0.00%

    For 2023, First National Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 89 $15,895,000 $178,596 $0 0.00%

    For 2023, First National Bank's most frequently cited loan duration was Other, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 31 $4,565,000 $147,258 $0 0.00%
    $100,000 or less 29 $1,625,000 $56,034 $0 0.00%
    $200k-400k 22 $6,090,000 $276,818 $0 0.00%
    $400k-600k 5 $2,225,000 $445,000 $0 0.00%
    $600k-1MM 2 $1,390,000 $695,000 $0 0.00%

    2023 saw First National Bank place emphasis on $100k-200k loans with 31 originations, totaling $4,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $4,315,000 $227,105 $0 0.00%
    $50k or less 16 $1,350,000 $84,375 $0 0.00%
    $75k-100k 14 $2,550,000 $182,143 $0 0.00%
    $50k-75k 13 $1,495,000 $115,000 $0 0.00%
    $150k-250k 10 $2,980,000 $298,000 $0 0.00%
    $250k+ 5 $1,655,000 $331,000 $0 0.00%

    First National Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k or less, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 89 $15,895,000 $178,596 $0 0.00%

    First National Bank lent most frequently to those with DTI ratios of Exempt%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $14,370,000 $184,231 $0 0.00%
    Not applicable 10 $1,420,000 $142,000 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.46%

    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 origination
    77.53%

    First National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 89 $15,895,000 $178,596

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    89 $15,895,000 $178,596