First Carolina Bank Mortgage Rates, Fees & Info
Rocky Mount, NCLEI: 54930066LN6QXNO8TY84
Tax ID: 20-0967347
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Mortgage Data
Review & Overview
First Carolina Bank is a smaller bank specializing in Home Purchase loans. First Carolina Bank has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Myrtle Beach, Knoxville, Raleigh, and Wilmington among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)First Carolina 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
115Origination Dollar Volume (All Markets)
$222,315,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $67,975,000 | $13,595,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $41,200,000 | $6,866,667 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $28,735,000 | $28,735,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 28 | $23,660,000 | $845,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 16 | $19,840,000 | $1,240,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 11 | $15,535,000 | $1,412,273 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $6,375,000 | $6,375,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 11 | $2,885,000 | $262,273 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $2,645,000 | $2,645,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $2,415,000 | $483,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $1,840,000 | $920,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $0 | 0.00% |
| Henderson, NC (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $0 | 0.00% |
| Sanford, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 115 | $222,315,000 | $1,933,174 | $0 | 0.00% |
For 2024, First Carolina Bank's most frequently originated type of loan was Conventional, with 115 originations.
Loan Reason
For 2024, First Carolina Bank's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 115 | $222,315,000 | $1,933,174 | $0 | 0.00% |
For 2024, First Carolina Bank's most frequently cited loan duration was Other, with 115 originations.
Loan Sizing
2024 saw First Carolina Bank place emphasis on $200k-400k loans with 30 originations, totaling $8,960,000 in origination value.
Applicant Income
First Carolina Bank lent most frequently to those with incomes in the $250k+ range, with 56 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 115 | $222,315,000 | $1,933,174 | $0 | 0.00% |
First Carolina Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.29%
First Carolina Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.22%
First Carolina Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 115 | $222,315,000 | $1,933,174 |