First Volunteer Bank Mortgage Rates, Fees & Info
Chattanooga, TNLEI: 54930095LY1EDFTWAG29
Tax ID: 62-0280730
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Volunteer Bank is a smaller bank specializing in Refi and Home Purchase loans. First Volunteer Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Knoxville, Dalton, Cleveland, and Lawrenceburg among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)First Volunteer 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
593Origination Dollar Volume (All Markets)
$107,165,000Top 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 |
|---|---|---|---|---|---|
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 302 | $60,350,000 | $199,834 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 76 | $11,310,000 | $148,816 | $0 | 0.00% |
| DALTON, GA (FHA|USDA|VA) | 31 | $6,165,000 | $198,871 | $0 | 0.00% |
| Outside of Metro Areas | 46 | $5,180,000 | $112,609 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 30 | $4,450,000 | $148,333 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 29 | $3,995,000 | $137,759 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 9 | $3,825,000 | $425,000 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 33 | $3,535,000 | $107,121 | $0 | 0.00% |
| Crossville, TN (FHA|USDA|VA) | 3 | $2,095,000 | $698,333 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 16 | $1,680,000 | $105,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Dayton, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (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 | 593 | $107,165,000 | $180,717 | $0 | 0.00% |
For 2022, First Volunteer Bank's most frequently originated type of loan was Conventional, with 593 originations.
Loan Reason
For 2022, First Volunteer Bank's most frequently cited loan purpose was Refi, with 270 originations. The 2nd most popular reason was Home Purchase, with 115 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 593 | $107,165,000 | $180,717 | $0 | 0.00% |
For 2022, First Volunteer Bank's most frequently cited loan duration was Other, with 593 originations.
Loan Sizing
2022 saw First Volunteer Bank place emphasis on $100,000 or less loans with 268 originations, totaling $14,720,000 in origination value.
Applicant Income
First Volunteer Bank lent most frequently to those with incomes in the $50k or less range, with 91 originations. The second most popular income band? $150k-250k, with 90 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 593 | $107,165,000 | $180,717 | $0 | 0.00% |
First Volunteer Bank lent most frequently to those with DTI ratios of Exempt%, with 593 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.90%
First Volunteer Bank has a below average approval rate.
Pick Rate
Approvals leading to origination88.53%
First Volunteer Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 593 | $107,165,000 | $180,717 |
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% |