The First A National Banking Association Mortgage Rates, Fees & Info
Hattiesburg, MSLEI: 5493008OE5JXNTGWD962
Tax ID: 64-0878155
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Mortgage Data
Review & Overview
The First A National Banking Association is a smaller bank specializing in Home Purchase and Refi loans. The First A National Banking Association has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Crestview, Gulfport, Mobile, Pensacola, and New Orleans among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)The First A National Banking Association 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. The First A National Banking Association is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.12% | 9/25/23 |
| 30 Year Conventional Purchase | 6.68% | 9/25/23 |
| 30 Year Conventional Refi | 6.68% | 9/25/23 |
| 30 Year Cash-out Refi | 6.72% | 9/25/23 |
| 30 Year FHA Purchase | 7.16% | 9/25/23 |
| 30 Year FHA Refi | 6.27% | 9/25/23 |
| 30 Year VA Purchase | 6.15% | 9/25/23 |
| 30 Year VA Refi | 5.82% | 9/25/23 |
| 30 Year USDA Purchase | 6.49% | 9/25/23 |
| 30 Year USDA Refi | 6.63% | 9/25/23 |
| 15 Year Conventional Purchase | 6.48% | 9/25/23 |
| 15 Year Conventional Refi | 7.16% | 9/25/23 |
| 15 Year Cash-out Refi | 7.16% | 9/25/23 |
| 15 Year FHA Refi | 5.68% | 9/25/23 |
| 15 Year VA Purchase | 5.61% | 9/25/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The First A National Banking Association Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,947Origination Dollar Volume (All Markets)
$638,195,000Relative Rate
The First A National Banking Association's average 30 year fixed mortgage rate was
4.71%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.05%.
Relative Fees (Closing Costs)
The First A National Banking Association's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,163.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top 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 |
|---|---|---|---|---|---|
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 243 | $137,335,000 | $565,165 | $8,161 | 4.58% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 211 | $60,605,000 | $287,227 | $6,506 | 4.79% |
| MOBILE, AL (FHA|USDA|VA) | 127 | $48,025,000 | $378,150 | $0 | 4.94% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 157 | $47,905,000 | $305,127 | $8,897 | 4.71% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 110 | $47,730,000 | $433,909 | $0 | 4.70% |
| HATTIESBURG, MS (FHA|USDA|VA) | 162 | $46,180,000 | $285,062 | $3,567 | 4.78% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 108 | $34,930,000 | $323,426 | $3,011 | 4.84% |
| PANAMA CITY, FL (FHA|USDA|VA) | 72 | $28,560,000 | $396,667 | $8,080 | 4.78% |
| JACKSON, MS (FHA|USDA|VA) | 87 | $27,665,000 | $317,989 | $5,639 | 4.65% |
| BATON ROUGE, LA (FHA|USDA|VA) | 126 | $27,060,000 | $214,762 | $0 | 5.23% |
| VALDOSTA, GA (FHA|USDA|VA) | 97 | $24,255,000 | $250,052 | $0 | 4.93% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 78 | $17,050,000 | $218,590 | $0 | 4.70% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $14,720,000 | $7,360,000 | $0 | 3.53% |
| HAMMOND, LA (FHA|USDA|VA) | 76 | $14,070,000 | $185,132 | $0 | 5.30% |
| Outside of Metro Areas | 49 | $11,115,000 | $226,837 | $0 | 4.96% |
| Laurel, MS (FHA|USDA|VA) | 63 | $9,645,000 | $153,095 | $0 | 5.02% |
| Moultrie, GA (FHA|USDA|VA) | 52 | $9,640,000 | $185,385 | $0 | 5.20% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $4,860,000 | $486,000 | $9,315 | 5.03% |
| Thomasville, GA (FHA|USDA|VA) | 29 | $4,225,000 | $145,690 | $0 | 5.12% |
| Starkville, MS (FHA|USDA|VA) | 13 | $2,975,000 | $228,846 | $0 | 4.95% |
| Picayune, MS (FHA|USDA|VA) | 18 | $2,780,000 | $154,444 | $0 | 5.59% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $0 | 5.58% |
| Tifton, GA (FHA|USDA|VA) | 7 | $1,675,000 | $239,286 | $0 | 5.62% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $0 | 6.46% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $7,800 | 4.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 4.85% |
| ALBANY, GA (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $0 | 5.46% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $0 | 6.28% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $13,995 | 3.75% |
| Alexander City, AL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 4.03% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 4.95% |
| Bainbridge, GA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 4.88% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 4.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 4.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 4.77% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $9,613 | 5.63% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 4.20% |
| OCALA, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 5.79% |
| West Point, MS (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 4.36% |
| Cleveland, MS (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 5.05% |
| Bogalusa, LA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 5.08% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 3.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,551 | 3.75% |
| Meridian, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.50% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.50% |
| Grenada, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.25% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,042 | 5.49% |
Product Mix
For 2022, The First A National Banking Association's most frequently originated type of loan was Conventional, with 1,235 originations. Their 2nd most popular type was HELOC, with 482 originations.
Loan Reason
For 2022, The First A National Banking Association's most frequently cited loan purpose was Home Purchase, with 986 originations. The 2nd most popular reason was Refi, with 488 originations.
Loan Duration/Length
For 2022, The First A National Banking Association's most frequently cited loan duration was 30 Year, with 920 originations. The 2nd most popular length was 5 Year, with 647 originations.
Origination Fees/Closing Costs
The First A National Banking Association's average total fees were $8,163, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 573 originations.
Interest Rates
During 2022, The First A National Banking Association's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 3-4%, with 558 originations.
Loan Sizing
2022 saw The First A National Banking Association place emphasis on $200k-400k loans with 582 originations, totaling $163,910,000 in origination value.
Applicant Income
The First A National Banking Association lent most frequently to those with incomes in the $250k+ range, with 345 originations. The second most popular income band? $100k-150k, with 329 originations.
Applicant Debt to Income Ratio
The First A National Banking Association lent most frequently to those with DTI ratios of 20-30%, with 370 originations. The next most common DTI ratio? 30-36%, with 301 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.11%
The First A National Banking Association has an average approval rate.
Pick Rate
Approvals leading to origination78.89%
The First A National Banking Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $185,000 | $185,000 |
| 2031.5 | 1 | $265,000 | $265,000 |
| 3998.88 | 1 | $445,000 | $445,000 |
| 8301.0 | 1 | $485,000 | $485,000 |
| NA | 1,943 | $636,815,000 | $327,748 |