First Bank Mortgage Rates, Fees & Info
Clewiston, FLLEI: 5493006BN3B3B1H3B988
Tax ID: 59-0242465
Latest/2024 | 2023 Data | 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: Naples, Cape Coral, Miami, Clewiston, and Orlando 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 a below 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
54Origination Dollar Volume (All Markets)
$30,910,000Top 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 |
|---|---|---|---|---|---|
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $13,775,000 | $4,591,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 17 | $8,365,000 | $492,059 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $2,755,000 | $2,755,000 | $0 | 0.00% |
| Clewiston, FL (FHA|USDA|VA) | 21 | $2,665,000 | $126,905 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $590,000 | $147,500 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Okeechobee, FL (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 | 54 | $30,910,000 | $572,407 | $0 | 0.00% |
For 2024, First Bank's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
For 2024, First Bank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Other, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $30,910,000 | $572,407 | $0 | 0.00% |
For 2024, First Bank's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2024 saw First Bank place emphasis on $200k-400k loans with 18 originations, totaling $5,070,000 in origination value.
Applicant Income
First Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $30,910,000 | $572,407 | $0 | 0.00% |
First Bank lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.84%
First Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination14.81%
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 | 54 | $30,910,000 | $572,407 |