First Community Bank Mortgage Rates, Fees & Info
Milton, WILEI: 549300BZ038VQFB4UY84
Tax ID: 39-0272550
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
93Origination Dollar Volume (All Markets)
$18,405,000Top 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) | 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% |
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
2019 saw First Community Bank place emphasis on $200k-400k loans with 38 originations, totaling $10,270,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications97.96%
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 origination96.77%
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
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% |