First Community Bank Mortgage Rates, Fees & Info
Milton, WILEI: 549300BZ038VQFB4UY84
Tax ID: 39-0272550
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Mortgage Data
Review & Overview
First Community Bank is a smaller bank specializing in Refi and Home Purchase loans. First Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Janesville, Watertown, Madison, Whitewater, and Dubuque among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)First Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
80Origination Dollar Volume (All Markets)
$14,980,000Top 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 |
|---|---|---|---|---|---|
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 67 | $10,805,000 | $161,269 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $1,850,000 | $925,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $540,000 | $270,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $14,980,000 | $187,250 | $0 | 0.00% |
For 2018, First Community Bank's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 37 | $5,995,000 | $162,027 | $0 | 0.00% |
| Home Purchase | 35 | $8,415,000 | $240,429 | $0 | 0.00% |
| Home Improvement | 8 | $570,000 | $71,250 | $0 | 0.00% |
For 2018, First Community Bank's most frequently cited loan purpose was Refi, with 37 originations. The 2nd most popular reason was Home Purchase, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $14,980,000 | $187,250 | $0 | 0.00% |
For 2018, First Community Bank's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2018 saw First Community Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,815,000 in origination value.
Applicant Income
First Community Bank lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $14,980,000 | $187,250 | $0 | 0.00% |
First Community Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.51%
First Community 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 origination96.25%
First Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 80 | $14,980,000 | $187,250 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST COMMUNITY MORTGAGE, INC. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| FIRST COMMUNITY MORTGAGE, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| FIRST COMMUNITY MORTGAGE, INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |