First National Bank Mortgage Rates, Fees & Info
Altavista, VALEI: 5493007WCJ9R6VLLYR82
Tax ID: 54-0211100
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Mortgage Data
Review & Overview
First National Bank is a smaller bank specializing in Home Purchase loans. First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lynchburg, Danville, Roanoke, Burlington, and Greensboro among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First National 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
154Origination Dollar Volume (All Markets)
$28,390,000Top 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 |
|---|---|---|---|---|---|
| LYNCHBURG, VA (FHA|USDA|VA) | 60 | $11,540,000 | $192,333 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 70 | $7,400,000 | $105,714 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $4,035,000 | $1,345,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $2,835,000 | $2,835,000 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,265,000 | $115,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 154 | $28,390,000 | $184,351 | $0 | 0.00% |
For 2023, First National Bank's most frequently originated type of loan was Conventional, with 154 originations.
Loan Reason
For 2023, First National Bank's most frequently cited loan purpose was Home Purchase, with 86 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 | 154 | $28,390,000 | $184,351 | $0 | 0.00% |
For 2023, First National Bank's most frequently cited loan duration was Other, with 154 originations.
Loan Sizing
2023 saw First National Bank place emphasis on $100,000 or less loans with 88 originations, totaling $5,130,000 in origination value.
Applicant Income
First National Bank lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 154 | $28,390,000 | $184,351 | $0 | 0.00% |
First National Bank lent most frequently to those with DTI ratios of Exempt%, with 154 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.09%
First National Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.52%
First National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 154 | $28,390,000 | $184,351 |