First Home Bank Mortgage Rates, Fees & Info
Saint Petersburg, FLLEI: 549300DMI3W6YLDVSK93
Tax ID: 59-3526917
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Mortgage Data
Review & Overview
First Home Bank is a smaller bank specializing in Home Improvement and Other loans. First Home Bank has an average proportion of conventional loans. Their top markets by origination volume include: Tampa, North Port, Lakeland, Orlando, and Punta Gorda among others. We have data for 14 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.39% | 4/5/25 |
| 30 Year Conventional Purchase | 7.22% | 4/5/25 |
| 15 Year Conventional Refi | 7.87% | 4/5/25 |
| 15 Year Cash-out Refi | 7.87% | 4/5/25 |
| 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
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This is not an official calculator from First Home Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
713Origination Dollar Volume (All Markets)
$131,895,000Awards
First Home Bank - 2024
First Home Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
First Home Bank's average 30 year fixed mortgage rate was
8.6%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 2.05%.
Relative Fees (Closing Costs)
First Home Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,773.
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 $8,356.
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) | 374 | $65,840,000 | $176,043 | $764 | 8.27% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 293 | $57,255,000 | $195,410 | $744 | 8.49% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 13 | $2,735,000 | $210,385 | $0 | 8.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $1,450,000 | $145,000 | $0 | 8.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 9 | $1,195,000 | $132,778 | $0 | 8.22% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $11,296 | 5.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 8.08% |
| Outside of Metro Areas | 1 | $505,000 | $505,000 | $0 | 8.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 8.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,614 | 7.19% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.25% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.00% |
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: 50
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Similarity Rank: 105
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 533 | $94,505,000 | $177,308 | n/a | 8.72% |
| Conventional | 180 | $37,390,000 | $207,722 | $807 | 7.28% |
For 2024, First Home Bank's most frequently originated type of loan was HELOC, with 533 originations. Their 2nd most popular type was Conventional, with 180 originations.
Loan Reason
For 2024, First Home Bank's most frequently cited loan purpose was Home Improvement, with 300 originations. The 2nd most popular reason was Other, with 294 originations.
Loan Duration/Length
For 2024, First Home Bank's most frequently cited loan duration was 30 Year, with 561 originations. The 2nd most popular length was 20 Year, with 117 originations.
Origination Fees/Closing Costs
First Home Bank's average total fees were $4,773, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 154 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 469 | $84,665,000 | $180,522 |
| 7-8% | 199 | $32,605,000 | $163,844 |
| 6-7% | 27 | $4,885,000 | $180,926 |
| 5-6% | 16 | $8,570,000 | $535,625 |
| 4-5% | 2 | $1,170,000 | $585,000 |
During 2024, First Home Bank's average interest rate for loans was 8.60%, while their most frequently originated rate bucket for loans was Over 8%, with 469 originations.
Loan Sizing
2024 saw First Home Bank place emphasis on $100k-200k loans with 274 originations, totaling $38,480,000 in origination value.
Applicant Income
First Home Bank lent most frequently to those with incomes in the $100k-150k range, with 187 originations. The second most popular income band? $150k-250k, with 162 originations.
Applicant Debt to Income Ratio
First Home Bank lent most frequently to those with DTI ratios of 49%, with 134 originations. The next most common DTI ratio? 30-36%, with 103 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.94%
First Home Bank has a below average approval rate.
Pick Rate
Approvals leading to origination78.96%
First Home Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 713 | $131,895,000 | $184,986 |