First National Bank And Trust Company Mortgage Rates, Fees & Info

SHAWNEE, OK

LEI: 549300CKJ4DTUYAZXI11

Tax ID: 73-1210302

5 stars - Updated: 11/3/24 - out of 5 stars, based on 21 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First National Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. First National Bank And Trust Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Oklahoma City, Stillwater, Lawton, Shawnee, and Tulsa among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank And Trust Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First National Bank And Trust Company is typically an average 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 relatively high 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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Originations

446

Origination Dollar Volume (All Markets)

$145,300,000

Relative Rate

First National Bank And Trust Company's average 30 year fixed mortgage rate was 6.8%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.32%.

Relative Fees (Closing Costs)

First National Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $6,660.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
OKLAHOMA CITY, OK (FHA|USDA|VA) 323 $97,655,000 $302,337 $6,450 7.31%
Stillwater, OK (FHA|USDA|VA) 3 $21,325,000 $7,108,333 $0 7.00%
LAWTON, OK (FHA|USDA|VA) 39 $7,795,000 $199,872 $6,733 7.71%
Shawnee, OK (FHA|USDA|VA) 28 $5,660,000 $202,143 $5,123 7.42%
TULSA, OK (FHA|USDA|VA) 12 $3,650,000 $304,167 $9,207 6.98%
Outside of Metro Areas 24 $3,630,000 $151,250 $4,445 7.94%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $1,295,000 $1,295,000 $0 8.25%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $855,000 $855,000 $0 7.75%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $535,000 $535,000 $3,877 7.25%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $365,000 $365,000 $4,260 7.00%
Kearney, NE (FHA|USDA|VA) 1 $325,000 $325,000 $3,760 7.13%
GAINESVILLE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 8.00%
Ardmore, OK (FHA|USDA|VA) 1 $305,000 $305,000 $6,835 6.88%
Durant, OK (FHA|USDA|VA) 1 $275,000 $275,000 $11,150 6.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,895 7.63%
LUBBOCK, TX (FHA|USDA|VA) 1 $245,000 $245,000 $9,862 5.13%
Duncan, OK (FHA|USDA|VA) 2 $240,000 $120,000 $5,623 8.06%
GREAT FALLS, MT (FHA|USDA|VA) 1 $125,000 $125,000 $7,024 6.75%
Altus, OK (FHA|USDA|VA) 1 $85,000 $85,000 $6,319 6.13%
Elk City, OK (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.75%
AKRON, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.00%
First National Bank And Trust Company's top markets include Oklahoma City, Stillwater, Lawton, Shawnee, and Tulsa among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • California (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 311 $106,875,000 $343,650 $5,054 7.49%
    FHA 61 $13,815,000 $226,475 $9,717 6.81%
    VA 41 $14,265,000 $347,927 $7,863 6.66%
    HELOC 27 $9,445,000 $349,815 n/a 8.61%
    USDA 6 $900,000 $150,000 $5,618 6.60%

    For 2023, First National Bank And Trust Company's most frequently originated type of loan was Conventional, with 311 originations. Their 2nd most popular type was FHA, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 312 $84,540,000 $270,962 $6,645 7.20%
    Refi 106 $53,710,000 $506,698 $6,038 7.77%
    Home Improvement 15 $1,635,000 $109,000 $920 8.57%
    Cash Out Refi 11 $5,255,000 $477,727 $5,641 6.57%
    Other 2 $160,000 $80,000 $875 9.50%

    For 2023, First National Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 312 originations. The 2nd most popular reason was Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 276 $76,470,000 $277,065 $6,660 6.80%
    Other 146 $61,010,000 $417,877 $2,081 8.46%
    1 Year 6 $2,000,000 $333,333 $3,526 8.38%
    15 Year 6 $1,460,000 $243,333 $3,897 6.60%
    20 Year 4 $1,750,000 $437,500 $6,684 6.53%
    10 Year 4 $2,210,000 $552,500 $12,396 6.69%
    3 Year 2 $350,000 $175,000 $0 7.88%
    5 Year 2 $50,000 $25,000 $467 8.88%

    For 2023, First National Bank And Trust Company's most frequently cited loan duration was 30 Year, with 276 originations. The 2nd most popular length was Other, with 146 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 146 $39,660,000 $271,644
    $2k-3k 64 $15,260,000 $238,438
    $3k-4k 30 $8,770,000 $292,333
    $5k+ 27 $13,435,000 $497,593
    $4k-5k 22 $7,170,000 $325,909
    $<1k 18 $2,440,000 $135,556

    First National Bank And Trust Company's average total fees were $6,660, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 146 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 157 $66,265,000 $422,070
    7-8% 148 $43,160,000 $291,622
    Over 8% 109 $24,945,000 $228,853
    5-6% 32 $10,930,000 $341,563

    During 2023, First National Bank And Trust Company's average interest rate for loans was 6.80%, while their most frequently originated rate bucket for loans was 6-7%, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 175 $47,745,000 $272,829 $6,800 7.07%
    $100k-200k 111 $16,055,000 $144,640 $5,327 7.26%
    $100,000 or less 72 $3,820,000 $53,056 $2,418 8.38%
    $400k-600k 52 $25,240,000 $485,385 $7,938 7.38%
    $600k-1MM 26 $18,510,000 $711,923 $8,171 7.13%
    $1MM+ 10 $33,930,000 $3,393,000 $13,390 7.48%

    2023 saw First National Bank And Trust Company place emphasis on $200k-400k loans with 175 originations, totaling $47,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 74 $26,590,000 $359,324 $7,132 7.05%
    $100k-150k 71 $20,405,000 $287,394 $6,573 6.93%
    $50k-75k 70 $12,590,000 $179,857 $5,963 7.06%
    $75k-100k 64 $13,720,000 $214,375 $6,286 7.25%
    $250k+ 38 $14,950,000 $393,421 $6,431 7.38%
    $50k or less 37 $4,975,000 $134,459 $5,131 7.25%

    First National Bank And Trust Company lent most frequently to those with incomes in the $150k-250k range, with 74 originations. The second most popular income band? $100k-150k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 62 $16,930,000 $273,065 $5,616 6.98%
    20-30% 54 $13,790,000 $255,370 $4,859 7.13%
    <20% 28 $6,610,000 $236,071 $3,653 7.33%
    50-60% 23 $7,165,000 $311,522 $11,059 7.16%
    41% 22 $4,830,000 $219,545 $8,773 7.45%
    49% 19 $5,995,000 $315,526 $8,146 6.86%
    43% 16 $4,670,000 $291,875 $6,616 7.36%
    44% 16 $4,010,000 $250,625 $7,064 6.86%
    38% 14 $5,090,000 $363,571 $7,004 7.15%
    37% 13 $2,685,000 $206,538 $6,882 6.86%
    42% 12 $2,090,000 $174,167 $4,629 6.84%
    40% 12 $2,980,000 $248,333 $5,318 7.36%
    47% 10 $3,460,000 $346,000 $6,467 6.99%
    45% 9 $3,145,000 $349,444 $7,379 6.93%
    39% 9 $1,855,000 $206,111 $5,911 6.58%
    48% 8 $1,910,000 $238,750 $6,912 7.13%
    46% 8 $1,560,000 $195,000 $7,117 7.13%
    36% 8 $2,640,000 $330,000 $5,659 7.05%
    >60% 7 $1,925,000 $275,000 $9,090 7.52%

    First National Bank And Trust Company lent most frequently to those with DTI ratios of 30-36%, with 62 originations. The next most common DTI ratio? 20-30%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 264 $72,500,000 $274,621 $6,306 7.16%
    Not applicable 87 $48,875,000 $561,782 $0 8.32%
    American Indian 38 $8,380,000 $220,526 $6,236 6.78%
    Black 23 $5,845,000 $254,130 $7,400 7.51%
    Not provided 18 $5,740,000 $318,889 $6,215 7.46%
    Asian 11 $2,655,000 $241,364 $4,590 6.92%
    Asian Indian 1 $425,000 $425,000 $19,188 6.75%
    Filipino 2 $390,000 $195,000 $9,149 6.69%
    Other Asian 1 $355,000 $355,000 $10,724 6.25%
    Native Hawaiian or Islander 1 $135,000 $135,000 $4,319 7.00%

    Approval Rates

    Total approvals of all applications
    96.71%

    First National Bank And Trust Company 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
    88.34%

    First National Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 446 $145,300,000 $325,785

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    446 $145,300,000 $325,785

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $6,855,000 $159,419 $3,203 7.97%
    40-60% 45 $13,515,000 $300,333 $5,705 7.37%
    60-80% 114 $57,830,000 $507,281 $5,990 7.48%
    80-100% 215 $59,945,000 $278,814 $6,876 7.06%
    Over 100% 5 $1,705,000 $341,000 $13,333 7.03%
    Under 20% 22 $5,040,000 $229,091 $1,242 8.69%