First Southern National Bank Mortgage Rates, Fees & Info
Lancaster, KYLEI: 549300C853H86L248593
Tax ID: 61-0290000
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Mortgage Data
Review & Overview
First Southern National Bank is a smaller bank specializing in Home Purchase and Refi loans. First Southern National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Lexington, Central City, Danville, and Richmond among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)First Southern National 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. First Southern National Bank is typically a low 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) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.60% | 12/16/24 |
| 30 Year Conventional Refi | 6.87% | 12/16/24 |
| 15 Year Conventional Purchase | 6.35% | 12/16/24 |
| 15 Year Conventional Refi | 6.47% | 12/16/24 |
| 15 Year Cash-out Refi | 6.47% | 12/16/24 |
| 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. | ||
First Southern National Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
809Origination Dollar Volume (All Markets)
$129,855,000Awards
First Southern National Bank - 2022
First Southern National Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 290 | $34,790,000 | $119,966 | $1,716 | 4.94% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 109 | $21,895,000 | $200,872 | $2,672 | 4.98% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 60 | $17,410,000 | $290,167 | $4,225 | 4.78% |
| Central City, KY (FHA|USDA|VA) | 140 | $13,300,000 | $95,000 | $1,577 | 4.77% |
| Danville, KY (FHA|USDA|VA) | 71 | $9,185,000 | $129,366 | $2,165 | 5.10% |
| Richmond-Berea, KY (FHA|USDA|VA) | 42 | $8,460,000 | $201,429 | $3,625 | 4.78% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $5,185,000 | $1,728,333 | $13,682 | 4.87% |
| Somerset, KY (FHA|USDA|VA) | 32 | $4,130,000 | $129,063 | $2,475 | 5.11% |
| LOUISVILLE, KY (FHA|USDA|VA) | 8 | $3,420,000 | $427,500 | $3,647 | 5.34% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $10,374 | 5.61% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 14 | $1,520,000 | $108,571 | $3,077 | 5.03% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $5,637 | 4.83% |
| Paducah, KY-IL (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $4,370 | 4.64% |
| Frankfort, KY (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $1,553 | 4.37% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $7,711 | 3.60% |
| Tupelo, MS (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,366 | 5.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 5.25% |
| Glasgow, KY (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $2,381 | 5.88% |
| Oxford, MS (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 5.67% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 3.99% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 5.15% |
| London, KY (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,008 | 4.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,465 | 3.95% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,281 | 4.90% |
| Martin, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.95% |
| Madisonville, KY (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,335 | 4.98% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,059 | 3.60% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,777 | 3.73% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.25% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,590 | 3.60% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,959 | 3.95% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,205 | 4.51% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Southern National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 611 | $110,675,000 | $181,137 | $2,230 | 4.80% |
| HELOC | 198 | $19,180,000 | $96,869 | n/a | 5.29% |
For 2022, First Southern National Bank's most frequently originated type of loan was Conventional, with 611 originations. Their 2nd most popular type was HELOC, with 198 originations.
Loan Reason
For 2022, First Southern National Bank's most frequently cited loan purpose was Home Purchase, with 360 originations. The 2nd most popular reason was Refi, with 275 originations.
Loan Duration/Length
For 2022, First Southern National Bank's most frequently cited loan duration was Other, with 236 originations. The 2nd most popular length was 5 Year, with 152 originations.
Origination Fees/Closing Costs
First Southern National Bank's average total fees were $2,767, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 180 originations.
Interest Rates
During 2022, First Southern National Bank's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 380 originations.
Loan Sizing
2022 saw First Southern National Bank place emphasis on $100,000 or less loans with 384 originations, totaling $20,020,000 in origination value.
Applicant Income
First Southern National Bank lent most frequently to those with incomes in the $50k-75k range, with 153 originations. The second most popular income band? $100k-150k, with 149 originations.
Applicant Debt to Income Ratio
First Southern National Bank lent most frequently to those with DTI ratios of 20-30%, with 207 originations. The next most common DTI ratio? <20%, with 136 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.87%
First Southern National 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 origination92.09%
First Southern National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1136.0 | 1 | $75,000 | $75,000 |
| 596.0 | 1 | $35,000 | $35,000 |
| 806.0 | 1 | $45,000 | $45,000 |
| 856.0 | 1 | $55,000 | $55,000 |
| 956.0 | 1 | $65,000 | $65,000 |
| NA | 804 | $129,580,000 | $161,169 |
LTV Distribution
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% |