First Home Bank Mortgage Rates, Fees & Info
Saint Petersburg, FLLEI: 549300DMI3W6YLDVSK93
Tax ID: 59-3526917
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Home Bank is a smaller bank specializing in Home Improvement, Other, and Home Purchase loans. First Home Bank has an average proportion of conventional loans. Their top markets by origination volume include: Tampa, North Port, Orlando, Lakeland, and Punta Gorda among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)First Home Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Home 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.44% | 12/2/24 |
| 30 Year Conventional Refi | 6.36% | 12/2/24 |
| 30 Year Cash-out Refi | 6.56% | 12/2/24 |
| 30 Year FHA Purchase | 7.14% | 12/2/24 |
| 30 Year FHA Refi | 6.32% | 12/2/24 |
| 30 Year VA Purchase | 6.15% | 12/2/24 |
| 30 Year VA Refi | 3.11% | 12/2/24 |
| 30 Year USDA Purchase | 6.25% | 12/2/24 |
| 15 Year Conventional Purchase | 6.05% | 12/2/24 |
| 15 Year Conventional Refi | 6.22% | 12/2/24 |
| 15 Year Cash-out Refi | 6.22% | 12/2/24 |
| 15 Year FHA Purchase | 4.48% | 12/2/24 |
| 15 Year FHA Refi | 5.68% | 12/2/24 |
| 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 Home Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from First Home Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
720Origination Dollar Volume (All Markets)
$131,600,000Relative Rate
First Home Bank's average 30 year fixed mortgage rate was
8.73%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 2.25%.
Relative Fees (Closing Costs)
First Home Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,877.
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 |
|---|---|---|---|---|---|
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 389 | $65,595,000 | $168,625 | $319 | 8.44% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 296 | $61,350,000 | $207,264 | $2,443 | 8.47% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $0 | 8.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 9 | $825,000 | $91,667 | $132 | 8.78% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 6 | $670,000 | $111,667 | $0 | 7.96% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 5.13% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 6.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 8.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $578 | 8.83% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 7.88% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Home Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 15
Similarity Rank: 18
Similarity Rank: 42
Similarity Rank: 45
Similarity Rank: 48
Similarity Rank: 50
Similarity Rank: 56
Similarity Rank: 65
Similarity Rank: 75
Similarity Rank: 93
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 539 | $94,325,000 | $175,000 | n/a | 8.80% |
| Conventional | 181 | $37,275,000 | $205,939 | $898 | 7.40% |
For 2023, First Home Bank's most frequently originated type of loan was HELOC, with 539 originations. Their 2nd most popular type was Conventional, with 181 originations.
Loan Reason
For 2023, First Home Bank's most frequently cited loan purpose was Home Improvement, with 328 originations. The 2nd most popular reason was Other, with 296 originations.
Loan Duration/Length
For 2023, First Home Bank's most frequently cited loan duration was 30 Year, with 556 originations. The 2nd most popular length was 20 Year, with 92 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 145 | $15,295,000 | $105,483 |
| $1k-2k | 8 | $2,600,000 | $325,000 |
| $5k+ | 3 | $8,565,000 | $2,855,000 |
| $2k-3k | 1 | $305,000 | $305,000 |
First Home Bank's average total fees were $2,877, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 145 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 523 | $83,885,000 | $160,392 |
| 7-8% | 147 | $24,625,000 | $167,517 |
| 6-7% | 29 | $5,405,000 | $186,379 |
| 5-6% | 18 | $16,810,000 | $933,889 |
| 4-5% | 3 | $875,000 | $291,667 |
During 2023, First Home Bank's average interest rate for loans was 8.73%, while their most frequently originated rate bucket for loans was Over 8%, with 523 originations.
Loan Sizing
2023 saw First Home Bank place emphasis on $100k-200k loans with 283 originations, totaling $39,185,000 in origination value.
Applicant Income
First Home Bank lent most frequently to those with incomes in the $100k-150k range, with 197 originations. The second most popular income band? $150k-250k, with 164 originations.
Applicant Debt to Income Ratio
First Home Bank lent most frequently to those with DTI ratios of 50-60%, with 106 originations. The next most common DTI ratio? 49%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.24%
First Home Bank has a below average approval rate.
Pick Rate
Approvals leading to origination88.75%
First Home Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 720 | $131,600,000 | $182,778 |