First Carolina Bank Mortgage Rates, Fees & Info
Rocky Mount, NCLEI: 54930066LN6QXNO8TY84
Tax ID: 20-0967347
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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: Charlotte, Raleigh, Greensboro, Wilmington, and Greenville among others. We have data for 33 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
151Origination Dollar Volume (All Markets)
$516,895,000Top 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) | 11 | $124,715,000 | $11,337,727 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 34 | $97,680,000 | $2,872,941 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 12 | $50,670,000 | $4,222,500 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 16 | $36,610,000 | $2,288,125 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 4 | $34,860,000 | $8,715,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $33,975,000 | $6,795,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $26,840,000 | $13,420,000 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 3 | $15,015,000 | $5,005,000 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $14,255,000 | $14,255,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $13,565,000 | $13,565,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 3 | $11,635,000 | $3,878,333 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $10,205,000 | $10,205,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $8,820,000 | $4,410,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $6,165,000 | $6,165,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 6 | $5,390,000 | $898,333 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 9 | $4,995,000 | $555,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 10 | $3,640,000 | $364,000 | $0 | 0.00% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $3,265,000 | $3,265,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $2,725,000 | $908,333 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 3 | $1,845,000 | $615,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $1,185,000 | $1,185,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 0.00% |
| Wilson, NC (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $790,000 | $197,500 | $0 | 0.00% |
| Sanford, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $516,895,000 | $3,423,146 | $0 | 0.00% |
For 2022, First Carolina Bank's most frequently originated type of loan was Conventional, with 151 originations.
Loan Reason
For 2022, First Carolina Bank's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 151 | $516,895,000 | $3,423,146 | $0 | 0.00% |
For 2022, First Carolina Bank's most frequently cited loan duration was Other, with 151 originations.
Loan Sizing
2022 saw First Carolina Bank place emphasis on $1MM+ loans with 47 originations, totaling $475,725,000 in origination value.
Applicant Income
First Carolina Bank lent most frequently to those with incomes in the $250k+ range, with 39 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 151 | $516,895,000 | $3,423,146 | $0 | 0.00% |
First Carolina Bank lent most frequently to those with DTI ratios of Exempt%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.43%
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 origination89.40%
First Carolina Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 151 | $516,895,000 | $3,423,146 |
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% |