First Community Bank Mortgage Rates, Fees & Info

Milton, WI

LEI: 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, Madison, Stevens Point, Rockford, and Whitewater among others. We have data for 10 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

93

Origination Dollar Volume (All Markets)

$18,405,000

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
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 74 $12,730,000 $172,027 $0 0.00%
Outside of Metro Areas 5 $2,305,000 $461,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 5 $1,465,000 $293,000 $0 0.00%
Stevens Point, WI (FHA|USDA|VA) 2 $550,000 $275,000 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
First Community Bank's top markets include Janesville, Madison, Stevens Point, Rockford, and Whitewater among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $18,405,000 $197,903 $0 0.00%

    For 2019, First Community Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 53 $11,125,000 $209,906 $0 0.00%
    Home Purchase 38 $7,160,000 $188,421 $0 0.00%
    Home Improvement 2 $120,000 $60,000 $0 0.00%

    For 2019, First Community Bank's most frequently cited loan purpose was Refi, with 53 originations. The 2nd most popular reason was Home Purchase, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $18,405,000 $197,903 $0 0.00%

    For 2019, First Community Bank's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 38 $10,270,000 $270,263 $0 0.00%
    $100k-200k 34 $4,440,000 $130,588 $0 0.00%
    $100,000 or less 16 $1,170,000 $73,125 $0 0.00%
    $400k-600k 4 $1,890,000 $472,500 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2019 saw First Community Bank place emphasis on $200k-400k loans with 38 originations, totaling $10,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $4,445,000 $233,947 $0 0.00%
    $50k-75k 19 $2,565,000 $135,000 $0 0.00%
    $75k-100k 13 $1,955,000 $150,385 $0 0.00%
    $150k-250k 12 $2,980,000 $248,333 $0 0.00%
    $250k+ 12 $3,610,000 $300,833 $0 0.00%
    $50k or less 7 $795,000 $113,571 $0 0.00%

    First Community Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $18,405,000 $197,903 $0 0.00%

    First Community Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $16,540,000 $196,905 $0 0.00%
    Not applicable 7 $1,355,000 $193,571 $0 0.00%
    Not provided 2 $510,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.96%

    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 origination
    96.77%

    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 93 $18,405,000 $197,903

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $1,250,000 $208,333
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 86 $17,090,000 $198,721

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST COMMUNITY MORTGAGE, INC. VA mortgage Closing on a mortgage 1 50.0%
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Struggling to pay mortgage 1 50.0%