First Carolina Bank Mortgage Rates, Fees & Info

Rocky Mount, NC

LEI: 54930066LN6QXNO8TY84

Tax ID: 20-0967347

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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.

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.


Originations

115

Origination Dollar Volume (All Markets)

$222,315,000

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
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%
First Carolina Bank's top markets include Atlanta, Myrtle Beach, Knoxville, Raleigh, and Wilmington among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $205,790,000 $2,449,881 $0 0.00%
    Refi 17 $12,665,000 $745,000 $0 0.00%
    Other 9 $2,875,000 $319,444 $0 0.00%
    Home Improvement 5 $985,000 $197,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 30 $8,960,000 $298,667 $0 0.00%
    $1MM+ 23 $186,715,000 $8,118,043 $0 0.00%
    $400k-600k 21 $10,225,000 $486,905 $0 0.00%
    $100k-200k 17 $2,725,000 $160,294 $0 0.00%
    $600k-1MM 16 $13,220,000 $826,250 $0 0.00%
    $100,000 or less 8 $470,000 $58,750 $0 0.00%

    2024 saw First Carolina Bank place emphasis on $200k-400k loans with 30 originations, totaling $8,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 56 $72,000,000 $1,285,714 $0 0.00%
    $150k-250k 17 $6,115,000 $359,706 $0 0.00%
    $100k-150k 13 $3,735,000 $287,308 $0 0.00%
    $75k-100k 8 $1,710,000 $213,750 $0 0.00%
    $50k-75k 3 $515,000 $171,667 $0 0.00%
    $50k or less 2 $120,000 $60,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 14 $137,250,000 $9,803,571 $0 0.00%
    White 92 $82,090,000 $892,283 $0 0.00%
    Black 5 $1,565,000 $313,000 $0 0.00%
    Asian Indian 1 $675,000 $675,000 $0 0.00%
    Asian 2 $430,000 $215,000 $0 0.00%
    American Indian 1 $305,000 $305,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.29%

    First Carolina Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.22%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    115 $222,315,000 $1,933,174