First Financial Bank Mortgage Rates, Fees & Info
Terre Haute, INLEI: 549300E0S1LZYZ9QNX81
Tax ID: 35-0704860
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/3/24 |
| 30 Year Conventional Purchase | 7.23% | 12/3/24 |
| 30 Year Conventional Refi | 6.96% | 12/3/24 |
| 30 Year Cash-out Refi | 7.19% | 12/3/24 |
| 30 Year FHA Purchase | 7.66% | 12/3/24 |
| 30 Year FHA Refi | 7.92% | 12/3/24 |
| 30 Year VA Purchase | 6.55% | 12/3/24 |
| 30 Year USDA Purchase | 7.43% | 12/3/24 |
| 15 Year Conventional Purchase | 6.73% | 12/3/24 |
| 15 Year Conventional Refi | 6.55% | 12/3/24 |
| 15 Year Cash-out Refi | 6.55% | 12/3/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,767Origination Dollar Volume (All Markets)
$236,935,000Awards
First Financial Bank - 2022
First Financial 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 |
|---|---|---|---|---|---|
| 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% |
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications81.81%
First Financial Bank has a below average approval rate.
Pick Rate
Approvals leading to origination84.78%
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 |
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% |