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

Palmerton, PA

LEI: 549300E5GFWPFRJR4I76

Tax ID: 24-0579220

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Northern Bank And Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Northern Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, East Stroudsburg, Scranton, Pottsville, and New York among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Northern Bank And Trust Company 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.

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    Originations

    132

    Origination Dollar Volume (All Markets)

    $28,710,000

    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
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 78 $17,600,000 $225,641 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 42 $6,890,000 $164,048 $0 0.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 6 $2,440,000 $406,667 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 4 $800,000 $200,000 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    First Northern Bank And Trust Company's top markets include Allentown, East Stroudsburg, Scranton, Pottsville, and New York among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $28,710,000 $217,500 $0 0.00%

    For 2024, First Northern Bank And Trust Company's most frequently originated type of loan was Conventional, with 132 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $13,950,000 $279,000 $0 0.00%
    Cash Out Refi 32 $9,420,000 $294,375 $0 0.00%
    Other 22 $1,250,000 $56,818 $0 0.00%
    Home Improvement 20 $2,250,000 $112,500 $0 0.00%
    Refi 8 $1,840,000 $230,000 $0 0.00%

    For 2024, First Northern Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 132 $28,710,000 $217,500 $0 0.00%

    For 2024, First Northern Bank And Trust Company's most frequently cited loan duration was Other, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $2,150,000 $41,346 $0 0.00%
    $100k-200k 32 $4,620,000 $144,375 $0 0.00%
    $200k-400k 30 $8,480,000 $282,667 $0 0.00%
    $600k-1MM 9 $6,595,000 $732,778 $0 0.00%
    $400k-600k 6 $3,030,000 $505,000 $0 0.00%
    $1MM+ 3 $3,835,000 $1,278,333 $0 0.00%

    2024 saw First Northern Bank And Trust Company place emphasis on $100,000 or less loans with 52 originations, totaling $2,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 28 $2,160,000 $77,143 $0 0.00%
    $75k-100k 23 $3,085,000 $134,130 $0 0.00%
    $100k-150k 19 $3,715,000 $195,526 $0 0.00%
    $50k or less 15 $985,000 $65,667 $0 0.00%
    $150k-250k 14 $4,120,000 $294,286 $0 0.00%
    $250k+ 10 $4,450,000 $445,000 $0 0.00%

    First Northern Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $75k-100k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 132 $28,710,000 $217,500 $0 0.00%

    First Northern Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 116 $20,940,000 $180,517 $0 0.00%
    Not applicable 14 $6,710,000 $479,286 $0 0.00%
    Not provided 2 $1,060,000 $530,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.34%

    First Northern Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.03%

    First Northern Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 132 $28,710,000 $217,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    132 $28,710,000 $217,500