First National Bank Mortgage Rates, Fees & Info
Cloverdale, INLEI: 54930035C68SRQ1RS395
Tax ID: 35-0310020
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First National Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Bloomington, Cape Coral, Muncie, and Terre Haute among others. We have data for 9 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.
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Originations
126Origination Dollar Volume (All Markets)
$23,650,000Top 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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 104 | $18,990,000 | $182,596 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 10 | $1,760,000 | $176,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $0 | 0.00% |
| Seymour, IN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Vincennes, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 126 | $23,650,000 | $187,698 | $0 | 0.00% |
For 2022, First National Bank's most frequently originated type of loan was Conventional, with 126 originations.
Loan Reason
For 2022, First National Bank's most frequently cited loan purpose was Cash Out Refi, with 52 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 126 | $23,650,000 | $187,698 | $0 | 0.00% |
For 2022, First National Bank's most frequently cited loan duration was Other, with 126 originations.
Loan Sizing
2022 saw First National Bank place emphasis on $100k-200k loans with 46 originations, totaling $6,740,000 in origination value.
Applicant Income
First National Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 126 | $23,650,000 | $187,698 | $0 | 0.00% |
First National Bank lent most frequently to those with DTI ratios of Exempt%, with 126 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.00%
First National Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.37%
First National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 126 | $23,650,000 | $187,698 |
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% |