First Financial Bank Mortgage Rates, Fees & Info

Terre Haute, IN

LEI: 549300E0S1LZYZ9QNX81

Tax ID: 35-0704860

5 stars - Updated: 2/25/24 - out of 5 stars, based on 42 reviews

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

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Mortgage Data

Review & Overview

First Financial Bank is a smaller bank specializing in Home Purchase loans. First Financial Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Terre Haute, Bloomington, Indianapolis, Nashville, and Bowling Green among others. We have data for 62 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Financial 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 Financial 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.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 2/25/24
30 Year Conventional Purchase 7.23% 2/25/24
30 Year Conventional Refi 6.96% 2/25/24
30 Year Cash-out Refi 7.19% 2/25/24
30 Year FHA Purchase 7.66% 2/25/24
30 Year FHA Refi 7.92% 2/25/24
30 Year VA Purchase 6.55% 2/25/24
30 Year USDA Purchase 7.43% 2/25/24
15 Year Conventional Purchase 6.73% 2/25/24
15 Year Conventional Refi 6.55% 2/25/24
15 Year Cash-out Refi 6.55% 2/25/24
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 Financial Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Financial 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

1,767

Origination Dollar Volume (All Markets)

$236,935,000
Show all (5) awards

Relative Rate

First Financial Bank's average 30 year fixed mortgage rate was 5.41%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.65%.

Relative Fees (Closing Costs)

First Financial Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,394.

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 $4,750.

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
TERRE HAUTE, IN (FHA|USDA|VA) 904 $84,440,000 $93,407 $1,776 5.16%
BLOOMINGTON, IN (FHA|USDA|VA) 21 $32,095,000 $1,528,333 $1,275 5.13%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 75 $26,495,000 $353,267 $2,255 5.22%
Outside of Metro Areas 277 $21,765,000 $78,574 $1,482 4.97%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 64 $14,360,000 $224,375 $3,034 5.17%
BOWLING GREEN, KY (FHA|USDA|VA) 39 $9,425,000 $241,667 $2,362 4.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 48 $6,840,000 $142,500 $2,184 5.11%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 25 $5,985,000 $239,400 $1,891 5.21%
DANVILLE, IL (FHA|USDA|VA) 48 $2,730,000 $56,875 $1,151 5.35%
Murray, KY (FHA|USDA|VA) 26 $2,330,000 $89,615 $2,052 4.47%
Madisonville, KY (FHA|USDA|VA) 25 $1,905,000 $76,200 $1,743 4.91%
Washington, IN (FHA|USDA|VA) 13 $1,535,000 $118,077 $1,394 4.57%
Union City, TN (FHA|USDA|VA) 20 $1,520,000 $76,000 $968 4.16%
Vincennes, IN (FHA|USDA|VA) 25 $1,505,000 $60,200 $937 4.96%
Charleston-Mattoon, IL (FHA|USDA|VA) 21 $1,465,000 $69,762 $1,974 4.86%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $7,795 4.38%
EVANSVILLE, IN-KY (FHA|USDA|VA) 10 $1,310,000 $131,000 $1,817 5.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $1,290,000 $645,000 $0 3.25%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 6 $1,030,000 $171,667 $2,637 5.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 4.00%
LOUISVILLE, KY (FHA|USDA|VA) 3 $965,000 $321,667 $2,837 4.21%
OWENSBORO, KY (FHA|USDA|VA) 12 $950,000 $79,167 $1,755 4.81%
Glasgow, KY (FHA|USDA|VA) 3 $875,000 $291,667 $4,571 5.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $820,000 $410,000 $4,873 5.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $750,000 $375,000 $4,743 3.94%
Paducah, KY-IL (FHA|USDA|VA) 7 $695,000 $99,286 $2,932 5.93%
PEORIA, IL (FHA|USDA|VA) 4 $640,000 $160,000 $2,613 5.09%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $610,000 $305,000 $3,146 4.69%
Centralia, IL (FHA|USDA|VA) 10 $610,000 $61,000 $1,633 5.69%
Mount Vernon, IL (FHA|USDA|VA) 9 $595,000 $66,111 $2,323 5.85%
Pontiac, IL (FHA|USDA|VA) 9 $585,000 $65,000 $1,805 5.04%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $525,000 $525,000 $6,115 6.38%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $470,000 $235,000 $3,829 5.56%
Mayfield, KY (FHA|USDA|VA) 5 $455,000 $91,000 $1,686 5.81%
KNOXVILLE, TN (FHA|USDA|VA) 1 $445,000 $445,000 $4,121 5.50%
BLOOMINGTON, IL (FHA|USDA|VA) 6 $420,000 $70,000 $0 5.46%
Crawfordsville, IN (FHA|USDA|VA) 2 $380,000 $190,000 $5,088 4.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $375,000 $375,000 $4,114 7.25%
Effingham, IL (FHA|USDA|VA) 3 $375,000 $125,000 $2,472 5.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $325,000 $325,000 $0 6.25%
Bedford, IN (FHA|USDA|VA) 1 $325,000 $325,000 $11,876 6.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $320,000 $160,000 $2,588 5.81%
MUNCIE, IN (FHA|USDA|VA) 3 $315,000 $105,000 $2,147 6.46%
CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $315,000 $105,000 $3,288 5.42%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $305,000 $305,000 $3,302 6.50%
Sidney, OH (FHA|USDA|VA) 1 $295,000 $295,000 $9,369 3.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,743 3.88%
COLUMBUS, IN (FHA|USDA|VA) 1 $265,000 $265,000 $2,761 5.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,928 3.00%
Central City, KY (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.00%
Paris, TN (FHA|USDA|VA) 3 $225,000 $75,000 $0 4.67%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $220,000 $110,000 $1,425 6.88%
Wooster, OH (FHA|USDA|VA) 1 $215,000 $215,000 $3,004 6.38%
FORT WAYNE, IN (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.00%
DECATUR, IL (FHA|USDA|VA) 1 $145,000 $145,000 $1,978 4.13%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,775 5.50%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $135,000 $135,000 $1,643 6.88%
Campbellsville, KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,727 6.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $95,000 $95,000 $3,416 3.88%
Sevierville, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.75%
Martin, TN (FHA|USDA|VA) 2 $70,000 $35,000 $204 6.25%
New Castle, IN (FHA|USDA|VA) 1 $55,000 $55,000 $1,940 5.63%
First Financial Bank's top markets include Terre Haute, Bloomington, Indianapolis, Nashville, and Bowling Green among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Financial 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 1,174 $192,680,000 $164,123 $1,636 5.10%
    HELOC 550 $37,330,000 $67,873 n/a 5.10%
    FHA 25 $4,745,000 $189,800 $7,879 5.22%
    USDA 10 $960,000 $96,000 $4,921 4.95%
    VA 8 $1,220,000 $152,500 $5,339 5.05%

    For 2022, First Financial Bank's most frequently originated type of loan was Conventional, with 1,174 originations. Their 2nd most popular type was HELOC, with 550 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 552 $148,180,000 $268,442 $3,209 5.44%
    Refi 503 $42,175,000 $83,847 $838 4.85%
    Home Improvement 410 $16,720,000 $40,780 $182 5.13%
    Other 181 $12,085,000 $66,768 $550 5.01%
    Cash Out Refi 121 $17,775,000 $146,901 $3,252 4.65%

    For 2022, First Financial Bank's most frequently cited loan purpose was Home Purchase, with 552 originations. The 2nd most popular reason was Refi, with 503 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 949 $75,685,000 $79,752 $160 5.08%
    30 Year 462 $87,540,000 $189,481 $3,394 5.41%
    15 Year 149 $18,135,000 $121,711 $2,339 4.75%
    20 Year 73 $15,565,000 $213,219 $3,136 4.62%
    5 Year 72 $15,610,000 $216,806 $124 4.79%
    Other 54 $21,770,000 $403,148 $657 4.90%
    1 Year 7 $2,625,000 $375,000 $0 4.46%
    3 Year 1 $5,000 $5,000 $0 4.50%

    For 2022, First Financial Bank's most frequently cited loan duration was 10 Year, with 949 originations. The 2nd most popular length was 30 Year, with 462 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 275 $49,865,000 $181,327
    $<1k 233 $41,345,000 $177,446
    $2k-3k 37 $4,555,000 $123,108
    $3k-4k 18 $3,870,000 $215,000
    $4k-5k 9 $1,765,000 $196,111
    $5k+ 9 $2,965,000 $329,444

    First Financial Bank's average total fees were $3,394, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 275 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 467 $52,595,000 $112,623
    5-6% 434 $62,150,000 $143,203
    3-4% 413 $54,395,000 $131,707
    6-7% 297 $46,305,000 $155,909
    7-8% 106 $12,930,000 $121,981
    2.5-3% 34 $5,880,000 $172,941
    <2.5% 9 $1,995,000 $221,667
    Over 8% 7 $685,000 $97,857

    During 2022, First Financial Bank's average interest rate for loans was 5.41%, while their most frequently originated rate bucket for loans was 4-5%, with 467 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,204 $54,430,000 $45,208 $944 5.09%
    $100k-200k 323 $45,275,000 $140,170 $2,833 5.16%
    $200k-400k 167 $44,185,000 $264,581 $3,785 5.07%
    $400k-600k 43 $20,795,000 $483,605 $4,675 5.22%
    $600k-1MM 16 $12,310,000 $769,375 $3,700 4.73%
    $1MM+ 14 $59,940,000 $4,281,429 $5,866 5.03%

    2022 saw First Financial Bank place emphasis on $100,000 or less loans with 1,204 originations, totaling $54,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 467 $25,295,000 $54,165 $1,534 5.07%
    $50k-75k 423 $31,205,000 $73,771 $1,686 5.09%
    $75k-100k 271 $25,605,000 $94,483 $1,750 5.27%
    $100k-150k 267 $32,165,000 $120,468 $2,289 5.06%
    $150k-250k 135 $26,125,000 $193,519 $2,644 5.31%
    $250k+ 60 $25,180,000 $419,667 $3,632 5.00%

    First Financial Bank lent most frequently to those with incomes in the $50k or less range, with 467 originations. The second most popular income band? $50k-75k, with 423 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 494 $44,970,000 $91,032 $1,602 4.99%
    30-36% 355 $35,545,000 $100,127 $1,725 5.25%
    <20% 286 $17,360,000 $60,699 $1,127 4.77%
    40% 75 $6,625,000 $88,333 $1,344 5.44%
    38% 64 $5,420,000 $84,688 $1,828 5.01%
    39% 56 $7,800,000 $139,286 $2,224 5.39%
    37% 54 $5,490,000 $101,667 $1,770 5.01%
    36% 52 $4,610,000 $88,654 $1,570 5.00%
    41% 49 $6,085,000 $124,184 $2,208 5.41%
    42% 41 $7,845,000 $191,341 $2,650 5.35%
    44% 29 $5,155,000 $177,759 $3,369 5.63%
    43% 21 $2,975,000 $141,667 $2,535 5.80%
    45% 20 $4,090,000 $204,500 $3,775 5.14%
    50-60% 16 $3,480,000 $217,500 $7,234 5.70%
    >60% 9 $975,000 $108,333 $1,407 6.01%
    48% 9 $1,215,000 $135,000 $5,407 5.50%
    47% 8 $1,190,000 $148,750 $2,974 5.58%
    49% 7 $1,805,000 $257,857 $3,515 5.39%
    46% 7 $2,095,000 $299,286 $3,774 4.07%

    First Financial Bank lent most frequently to those with DTI ratios of 20-30%, with 494 originations. The next most common DTI ratio? 30-36%, with 355 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,612 $155,830,000 $96,669 $1,773 5.11%
    Not applicable 78 $65,810,000 $843,718 $0 4.95%
    Not provided 33 $6,435,000 $195,000 $3,510 4.82%
    Asian 16 $4,970,000 $310,625 $3,166 4.84%
    Black 22 $1,970,000 $89,545 $1,611 5.50%
    Asian Indian 2 $1,290,000 $645,000 $6,591 7.25%
    American Indian 3 $575,000 $191,667 $4,782 6.17%
    Other Pacific Islander 1 $55,000 $55,000 $2,871 5.88%

    Approval Rates

    Total approvals of all applications
    81.81%

    First Financial Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.78%

    First Financial Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,767 $236,935,000 $134,089

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,767 $236,935,000 $134,089

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 413 $23,315,000 $56,453 $544 5.02%
    40-60% 243 $29,125,000 $119,856 $1,535 5.00%
    60-80% 317 $99,875,000 $315,063 $2,463 5.00%
    80-100% 382 $71,390,000 $186,885 $3,291 5.37%
    Over 100% 3 $585,000 $195,000 $3,542 5.68%
    Under 20% 409 $12,645,000 $30,917 $171 5.07%

    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%