First National Bank Mortgage Rates, Fees & Info

Paragould, AR

LEI: 5493003EW6T31TGECO83

Tax ID: 71-0397846

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 National Bank is a smaller bank specializing in Home Purchase loans. First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jonesboro, Paragould, Nashville, Fayetteville, and Little Rock among others. We have data for 25 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 an above average pick rate when compared to similar lenders. First National Bank is typically a low 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 relatively high 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 6.93% 5/14/24
    30 Year Conventional Refi 7.16% 5/14/24
    30 Year Cash-out Refi 6.27% 5/14/24
    15 Year Conventional Purchase 6.45% 5/14/24
    15 Year Conventional Refi 6.76% 5/14/24
    15 Year Cash-out Refi 6.76% 5/14/24
    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 National Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First National 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

    579

    Origination Dollar Volume (All Markets)

    $151,765,000
    Show all (5) 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
    JONESBORO, AR (FHA|USDA|VA) 126 $26,290,000 $208,651 $1,246 5.47%
    Paragould, AR (FHA|USDA|VA) 131 $25,685,000 $196,069 $1,357 5.85%
    Outside of Metro Areas 112 $24,300,000 $216,964 $1,328 5.63%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 71 $23,695,000 $333,732 $2,719 6.05%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 47 $18,125,000 $385,638 $1,659 5.38%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 37 $11,665,000 $315,270 $1,423 5.82%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 6 $7,980,000 $1,330,000 $1,892 5.03%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $5,540,000 $1,385,000 $0 5.48%
    Mountain Home, AR (FHA|USDA|VA) 9 $2,305,000 $256,111 $1,192 5.13%
    PANAMA CITY, FL (FHA|USDA|VA) 7 $2,085,000 $297,857 $5,849 4.82%
    HOT SPRINGS, AR (FHA|USDA|VA) 5 $955,000 $191,000 $1,625 5.01%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $415,000 $138,333 $0 4.83%
    Searcy, AR (FHA|USDA|VA) 2 $370,000 $185,000 $1,500 5.75%
    Batesville, AR (FHA|USDA|VA) 4 $360,000 $90,000 $1,605 5.24%
    Blytheville, AR (FHA|USDA|VA) 3 $355,000 $118,333 $0 4.67%
    Albertville, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 6.50%
    Kennett, MO (FHA|USDA|VA) 3 $245,000 $81,667 $1,052 4.57%
    Dayton, TN (FHA|USDA|VA) 1 $205,000 $205,000 $994 7.95%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.95%
    Palatka, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.35%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $185,000 $185,000 $1,909 5.10%
    Cookeville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,616 6.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.00%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
    Forrest City, AR (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.75%
    First National Bank's top markets include Jonesboro, Paragould, Nashville, Fayetteville, and Little Rock among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

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

    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 220
    The Bank of Missouri
    Similarity Rank: 329
    United Bank
    Similarity Rank: 459
    First National Bank
    Similarity Rank: 700
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 720
    MORTGAGE INVESTORS GROUP, INC.
    Similarity Rank: 882
    Signature Bank of Arkansas
    Similarity Rank: 936
    Southern Bank
    Similarity Rank: 1407
    Generations Bank
    Similarity Rank: 1500
    Priority Bank
    Similarity Rank: 1752

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 579 $151,765,000 $262,116 $1,531 5.65%

    For 2022, First National Bank's most frequently originated type of loan was Conventional, with 579 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 416 $124,300,000 $298,798 $1,787 5.61%
    Refi 100 $21,910,000 $219,100 $1,071 5.62%
    Home Improvement 41 $3,785,000 $92,317 $1,175 6.05%
    Other 22 $1,770,000 $80,455 $952 5.84%

    For 2022, First National Bank's most frequently cited loan purpose was Home Purchase, with 416 originations. The 2nd most popular reason was Refi, with 100 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 182 $54,790,000 $301,044 $1,761 5.47%
    20 Year 168 $40,350,000 $240,179 $1,244 5.68%
    1 Year 70 $18,340,000 $262,000 $1,786 5.58%
    Other 47 $15,465,000 $329,043 $1,115 5.47%
    15 Year 45 $4,135,000 $91,889 $1,060 6.08%
    10 Year 28 $1,350,000 $48,214 $799 6.20%
    5 Year 26 $6,510,000 $250,385 $0 5.65%
    30+ year 9 $2,085,000 $231,667 $1,666 6.39%
    3 Year 4 $8,740,000 $2,185,000 $511 5.98%

    For 2022, First National Bank's most frequently cited loan duration was 30 Year, with 182 originations. The 2nd most popular length was 20 Year, with 168 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 283 $59,275,000 $209,452
    $1k-2k 5 $1,505,000 $301,000
    $2k-3k 3 $1,825,000 $608,333
    $3k-4k 3 $1,775,000 $591,667
    $5k+ 2 $2,340,000 $1,170,000

    First National Bank's average total fees were $1,761, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 283 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 220 $52,660,000 $239,364
    5-6% 136 $35,500,000 $261,029
    7-8% 91 $17,545,000 $192,802
    6-7% 89 $30,365,000 $341,180
    3-4% 29 $14,395,000 $496,379
    Over 8% 13 $1,165,000 $89,615

    During 2022, First National Bank's average interest rate for loans was 5.47%, while their most frequently originated rate bucket for loans was 4-5%, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 180 $10,070,000 $55,944 $1,115 5.90%
    $100k-200k 170 $24,430,000 $143,706 $1,351 5.56%
    $200k-400k 149 $40,885,000 $274,396 $1,550 5.55%
    $400k-600k 33 $16,355,000 $495,606 $2,118 5.48%
    $600k-1MM 30 $22,870,000 $762,333 $3,112 5.77%
    $1MM+ 17 $37,155,000 $2,185,588 $7,873 5.00%

    2022 saw First National Bank place emphasis on $100,000 or less loans with 180 originations, totaling $10,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 92 $11,790,000 $128,152 $1,381 5.70%
    $100k-150k 71 $16,305,000 $229,648 $1,465 5.61%
    $250k+ 68 $26,690,000 $392,500 $2,287 5.84%
    $75k-100k 67 $12,125,000 $180,970 $1,455 5.65%
    $50k-75k 61 $7,765,000 $127,295 $1,326 5.57%
    $150k-250k 53 $15,235,000 $287,453 $1,845 5.74%

    First National Bank lent most frequently to those with incomes in the $50k or less range, with 92 originations. The second most popular income band? $100k-150k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 63 $13,135,000 $208,492 $1,407 5.83%
    30-36% 54 $11,830,000 $219,074 $1,596 5.38%
    >60% 37 $11,645,000 $314,730 $1,609 5.68%
    <20% 35 $6,545,000 $187,000 $1,351 5.14%
    50-60% 25 $7,495,000 $299,800 $2,193 5.75%
    36% 13 $2,235,000 $171,923 $1,468 5.18%
    38% 13 $1,405,000 $108,077 $1,238 5.28%
    40% 10 $2,100,000 $210,000 $1,645 5.44%
    37% 7 $1,145,000 $163,571 $1,353 5.94%
    39% 7 $1,225,000 $175,000 $1,438 5.19%
    42% 6 $2,050,000 $341,667 $1,544 5.71%
    43% 6 $840,000 $140,000 $1,195 5.70%
    41% 5 $955,000 $191,000 $1,308 6.99%
    46% 5 $1,585,000 $317,000 $1,766 6.22%
    47% 4 $1,170,000 $292,500 $1,489 5.39%
    45% 4 $760,000 $190,000 $946 5.30%
    49% 3 $555,000 $185,000 $1,783 5.40%
    44% 3 $845,000 $281,667 $1,559 5.42%
    48% 2 $400,000 $200,000 $1,528 6.60%

    First National Bank lent most frequently to those with DTI ratios of 20-30%, with 63 originations. The next most common DTI ratio? 30-36%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 328 $64,030,000 $195,213 $1,460 5.72%
    Not applicable 163 $60,235,000 $369,540 $2,153 5.54%
    Not provided 73 $22,705,000 $311,027 $1,621 5.66%
    Asian 5 $2,375,000 $475,000 $5,377 4.60%
    Black 4 $1,600,000 $400,000 $1,248 6.09%
    Chinese 2 $440,000 $220,000 $1,051 5.03%
    Asian Indian 2 $220,000 $110,000 $757 5.30%
    Other Pacific Islander 1 $145,000 $145,000 $1,461 4.95%
    Native Hawaiian or Islander 1 $15,000 $15,000 $375 6.50%

    Approval Rates

    Total approvals of all applications
    94.38%

    First National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.75%

    First National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 579 $151,765,000 $262,116

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    579 $151,765,000 $262,116

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $7,435,000 $135,182 $910 5.83%
    40-60% 60 $13,940,000 $232,333 $1,607 5.53%
    60-80% 154 $47,930,000 $311,234 $1,561 5.66%
    80-100% 291 $79,305,000 $272,526 $1,701 5.66%
    Over 100% 6 $970,000 $161,667 $1,547 5.00%
    Under 20% 9 $605,000 $67,222 $757 5.84%

    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%