First Bank Mortgage Rates, Fees & Info
Clewiston, FLLEI: 5493006BN3B3B1H3B988
Tax ID: 59-0242465
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Bank is a smaller bank specializing in Home Purchase loans. First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cape Coral, Clewiston, Miami, Naples, and Punta Gorda among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank has an 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
63Origination Dollar Volume (All Markets)
$18,615,000Top 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 |
|---|---|---|---|---|---|
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 13 | $5,265,000 | $405,000 | $0 | 0.00% |
| Clewiston, FL (FHA|USDA|VA) | 26 | $5,220,000 | $200,769 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $2,200,000 | $550,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $1,750,000 | $291,667 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $0 | 0.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $430,000 | $107,500 | $0 | 0.00% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $18,615,000 | $295,476 | $0 | 0.00% |
For 2023, First Bank's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2023, First Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Other, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $18,615,000 | $295,476 | $0 | 0.00% |
For 2023, First Bank's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2023 saw First Bank place emphasis on $200k-400k loans with 21 originations, totaling $5,835,000 in origination value.
Applicant Income
First Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $18,615,000 | $295,476 | $0 | 0.00% |
First Bank lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.37%
First Bank has a below average approval rate.
Pick Rate
Approvals leading to origination52.38%
First Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 63 | $18,615,000 | $295,476 |