First State Bank Mortgage Rates, Fees & Info

Winchester, OH

LEI: 54930065TMWOWFAXBL88

Tax ID: 31-4344400

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 State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Washington Court House, Wilmington, Portsmouth, and Chillicothe among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First State 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 State 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
    Home Equity Line of Credit (HELOC) 6.84% 5/4/24
    30 Year Conventional Purchase 7.14% 5/4/24
    30 Year Conventional Refi 7.06% 5/4/24
    30 Year Cash-out Refi 7.06% 5/4/24
    15 Year Conventional Purchase 7.09% 5/4/24
    15 Year Conventional Refi 7.23% 5/4/24
    15 Year Cash-out Refi 7.23% 5/4/24
    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 State Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First State 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

    567

    Origination Dollar Volume (All Markets)

    $68,535,000

    Awards

    First State Bank 30 Year Conventional Loans gold First State Bank 30 Year Conventional Loans gold First State Bank 30 Year Conventional Loans gold
    Show all (3) 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
    Outside of Metro Areas 290 $31,340,000 $108,069 $2,040 5.48%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 187 $24,635,000 $131,738 $2,106 5.38%
    Washington Court House, OH (FHA|USDA|VA) 42 $6,300,000 $150,000 $2,381 5.43%
    Wilmington, OH (FHA|USDA|VA) 21 $2,515,000 $119,762 $2,355 5.72%
    Portsmouth, OH (FHA|USDA|VA) 8 $950,000 $118,750 $2,116 5.00%
    Chillicothe, OH (FHA|USDA|VA) 4 $730,000 $182,500 $2,328 5.24%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 4 $470,000 $117,500 $2,321 4.66%
    Coshocton, OH (FHA|USDA|VA) 2 $260,000 $130,000 $2,725 5.50%
    COLUMBUS, OH (FHA|USDA|VA) 2 $250,000 $125,000 $2,715 5.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $235,000 $78,333 $2,417 4.96%
    Greenville, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.00%
    Bluffton, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
    First State Bank's top markets include Cincinnati, Washington Court House, Wilmington, Portsmouth, and Chillicothe among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

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

    Sharefax Credit Union
    Similarity Rank: 170
    CINFED Federal Credit Union
    Similarity Rank: 210
    The North Side Bank & Trust Company
    Similarity Rank: 450
    Eagle Savings Bank
    Similarity Rank: 546
    The Friendship State Bank
    Similarity Rank: 623
    Somerville Bank
    Similarity Rank: 819
    Forcht Bank
    Similarity Rank: 820
    KEMBA CREDIT UNION, INC.
    Similarity Rank: 840
    LCNB National Bank
    Similarity Rank: 936
    GENERAL ELECTRIC CREDIT UNION
    Similarity Rank: 960

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 333 $29,645,000 $89,024 n/a 5.64%
    Conventional 234 $38,890,000 $166,197 $2,116 5.14%

    For 2022, First State Bank's most frequently originated type of loan was HELOC, with 333 originations. Their 2nd most popular type was Conventional, with 234 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 198 $28,890,000 $145,909 $2,111 5.40%
    Home Improvement 137 $9,255,000 $67,555 $1,836 5.78%
    Cash Out Refi 125 $21,315,000 $170,520 $2,163 5.09%
    Other 79 $5,835,000 $73,861 $2,205 5.67%
    Refi 28 $3,240,000 $115,714 $2,086 4.83%

    For 2022, First State Bank's most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Home Improvement, with 137 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 456 $49,900,000 $109,430 $2,235 5.48%
    20 Year 51 $9,315,000 $182,647 $2,201 4.99%
    15 Year 41 $4,905,000 $119,634 $1,628 4.95%
    1 Year 11 $2,915,000 $265,000 $0 6.30%
    10 Year 4 $290,000 $72,500 $2,210 4.63%
    Other 3 $205,000 $68,333 $0 10.23%
    30+ year 1 $1,005,000 $1,005,000 $0 3.63%

    For 2022, First State Bank's most frequently cited loan duration was 30 Year, with 456 originations. The 2nd most popular length was 20 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 166 $25,730,000 $155,000

    First State Bank's average total fees were $2,235, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 166 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 226 $26,110,000 $115,531
    5-6% 130 $16,900,000 $130,000
    6-7% 110 $10,170,000 $92,455
    3-4% 55 $11,815,000 $214,818
    7-8% 25 $1,885,000 $75,400
    Over 8% 18 $1,040,000 $57,778
    2.5-3% 2 $410,000 $205,000
    <2.5% 1 $205,000 $205,000

    During 2022, First State Bank's average interest rate for loans was 5.48%, while their most frequently originated rate bucket for loans was 4-5%, with 226 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 313 $17,225,000 $55,032 $1,629 5.69%
    $100k-200k 162 $22,230,000 $137,222 $2,133 5.26%
    $200k-400k 78 $20,860,000 $267,436 $2,573 4.94%
    $400k-600k 10 $4,640,000 $464,000 $2,892 4.61%
    $1MM+ 2 $2,130,000 $1,065,000 $0 4.19%
    $600k-1MM 2 $1,450,000 $725,000 $3,599 4.25%

    2022 saw First State Bank place emphasis on $100,000 or less loans with 313 originations, totaling $17,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 135 $11,935,000 $88,407 $2,013 5.62%
    $100k-150k 114 $14,340,000 $125,789 $2,431 5.56%
    $50k or less 102 $7,990,000 $78,333 $1,826 5.32%
    $75k-100k 94 $11,540,000 $122,766 $2,176 5.48%
    $150k-250k 44 $6,890,000 $156,591 $2,874 5.44%
    $250k+ 25 $4,875,000 $195,000 $2,584 4.77%

    First State Bank lent most frequently to those with incomes in the $50k-75k range, with 135 originations. The second most popular income band? $100k-150k, with 114 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 100 $10,860,000 $108,600 $2,083 5.29%
    30-36% 99 $9,095,000 $91,869 $2,008 5.56%
    <20% 64 $5,350,000 $83,594 $2,123 5.43%
    44% 26 $2,950,000 $113,462 $2,183 5.62%
    39% 21 $2,505,000 $119,286 $2,304 5.49%
    40% 21 $2,915,000 $138,810 $2,393 5.27%
    42% 20 $1,970,000 $98,500 $2,147 5.44%
    38% 19 $2,685,000 $141,316 $2,471 5.92%
    50-60% 15 $2,665,000 $177,667 $1,981 5.39%
    36% 15 $1,565,000 $104,333 $2,203 5.59%
    41% 14 $1,510,000 $107,857 $2,140 5.59%
    37% 14 $1,490,000 $106,429 $2,191 5.45%
    43% 12 $1,100,000 $91,667 $1,668 5.20%
    >60% 9 $1,115,000 $123,889 $2,201 5.33%
    46% 8 $650,000 $81,250 $2,005 6.16%
    45% 6 $960,000 $160,000 $2,187 5.46%
    48% 4 $360,000 $90,000 $1,862 4.91%
    49% 4 $750,000 $187,500 $2,192 5.25%
    47% 3 $505,000 $168,333 $2,369 5.04%

    First State Bank lent most frequently to those with DTI ratios of 20-30%, with 100 originations. The next most common DTI ratio? 30-36%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 470 $52,920,000 $112,596 $2,115 5.50%
    Not applicable 31 $7,845,000 $253,065 $0 5.08%
    Not provided 62 $7,490,000 $120,806 $2,815 5.02%
    Black 3 $165,000 $55,000 $1,803 7.08%
    Asian 1 $115,000 $115,000 $1,914 5.38%

    Approval Rates

    Total approvals of all applications
    91.78%

    First State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.77%

    First State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 567 $68,535,000 $120,873

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    567 $68,535,000 $120,873

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 148 $11,890,000 $80,338 $2,084 5.55%
    40-60% 90 $10,880,000 $120,889 $2,138 5.26%
    60-80% 136 $27,750,000 $204,044 $2,251 5.13%
    80-100% 83 $13,455,000 $162,108 $2,209 5.37%
    Under 20% 110 $4,560,000 $41,455 $836 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%