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 Refi and Home Purchase loans. First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lynchburg, Danville, Charlottesville, Myrtle Beach, and Roanoke among others. We have data for 11 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
212Origination Dollar Volume (All Markets)
$40,150,000Top 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) | 108 | $17,280,000 | $160,000 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 76 | $10,720,000 | $141,053 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $4,630,000 | $1,157,500 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $2,080,000 | $173,333 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,755,000 | $585,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 212 | $40,150,000 | $189,387 | $0 | 0.00% |
For 2022, First National Bank's most frequently originated type of loan was Conventional, with 212 originations.
Loan Reason
For 2022, First National Bank's most frequently cited loan purpose was Refi, with 95 originations. The 2nd most popular reason was Home Purchase, with 82 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 212 | $40,150,000 | $189,387 | $0 | 0.00% |
For 2022, First National Bank's most frequently cited loan duration was Other, with 212 originations.
Loan Sizing
2022 saw First National Bank place emphasis on $100,000 or less loans with 107 originations, totaling $6,065,000 in origination value.
Applicant Income
First National Bank lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $50k or less, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 212 | $40,150,000 | $189,387 | $0 | 0.00% |
First National Bank lent most frequently to those with DTI ratios of Exempt%, with 212 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.75%
First National 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 origination87.74%
First National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 212 | $40,150,000 | $189,387 |
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% |