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 and Other loans. First Carolina Bank has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Atlanta, Greenville, Myrtle Beach, and Greensboro among others. We have data for 30 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)
$343,535,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $76,145,000 | $15,229,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $58,345,000 | $8,335,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $51,265,000 | $10,253,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $33,715,000 | $4,816,429 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $30,230,000 | $7,557,500 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $22,245,000 | $4,449,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 20 | $14,760,000 | $738,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $12,145,000 | $12,145,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $12,005,000 | $12,005,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 11 | $8,615,000 | $783,182 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $6,850,000 | $1,712,500 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $2,965,000 | $2,965,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 13 | $2,705,000 | $208,077 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $2,125,000 | $303,571 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $1,970,000 | $985,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Wilson, NC (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Washington, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 115 | $343,535,000 | $2,987,261 | $0 | 0.00% |
For 2023, 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 | 64 | $154,260,000 | $2,410,313 | $0 | 0.00% |
| Refi | 31 | $42,085,000 | $1,357,581 | $0 | 0.00% |
| Other | 20 | $147,190,000 | $7,359,500 | $0 | 0.00% |
For 2023, First Carolina Bank's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 115 | $343,535,000 | $2,987,261 | $0 | 0.00% |
For 2023, First Carolina Bank's most frequently cited loan duration was Other, with 115 originations.
Loan Sizing
2023 saw First Carolina Bank place emphasis on $1MM+ loans with 31 originations, totaling $313,425,000 in origination value.
Applicant Income
First Carolina Bank lent most frequently to those with incomes in the $250k+ range, with 37 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 115 | $343,535,000 | $2,987,261 | $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 applications95.77%
First Carolina Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.61%
First Carolina Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 115 | $343,535,000 | $2,987,261 |