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

Palmerton, PA

LEI: 549300E5GFWPFRJR4I76

Tax ID: 24-0579220

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Mortgage Data

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, Philadelphia, Pottsville, and Scranton among others. We have data for 8 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 an average pick rate when compared to similar lenders.

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Originations

171

Origination Dollar Volume (All Markets)

$34,765,000

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) 96 $19,310,000 $201,146 $0 0.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 66 $13,060,000 $197,879 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
READING, PA (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
First Northern Bank And Trust Company's top markets include Allentown, East Stroudsburg, Philadelphia, Pottsville, and Scranton among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 171 $34,765,000 $203,304 $0 0.00%

    For 2022, First Northern Bank And Trust Company's most frequently originated type of loan was Conventional, with 171 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $22,730,000 $307,162 $0 0.00%
    Cash Out Refi 42 $6,970,000 $165,952 $0 0.00%
    Refi 22 $2,620,000 $119,091 $0 0.00%
    Home Improvement 17 $1,065,000 $62,647 $0 0.00%
    Other 16 $1,380,000 $86,250 $0 0.00%

    For 2022, First Northern Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 171 $34,765,000 $203,304 $0 0.00%

    For 2022, First Northern Bank And Trust Company's most frequently cited loan duration was Other, with 171 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $2,930,000 $50,517 $0 0.00%
    $100k-200k 51 $7,225,000 $141,667 $0 0.00%
    $200k-400k 37 $10,435,000 $282,027 $0 0.00%
    $400k-600k 18 $8,600,000 $477,778 $0 0.00%
    $600k-1MM 6 $4,430,000 $738,333 $0 0.00%
    $1MM+ 1 $1,145,000 $1,145,000 $0 0.00%

    2022 saw First Northern Bank And Trust Company place emphasis on $100,000 or less loans with 58 originations, totaling $2,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 43 $9,295,000 $216,163 $0 0.00%
    $50k-75k 36 $4,550,000 $126,389 $0 0.00%
    $50k or less 27 $2,055,000 $76,111 $0 0.00%
    $75k-100k 27 $4,565,000 $169,074 $0 0.00%
    $150k-250k 20 $8,130,000 $406,500 $0 0.00%
    $250k+ 4 $700,000 $175,000 $0 0.00%

    First Northern Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $50k-75k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 171 $34,765,000 $203,304 $0 0.00%

    First Northern Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 171 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 155 $28,515,000 $183,968 $0 0.00%
    Not applicable 12 $5,050,000 $420,833 $0 0.00%
    Black 3 $1,125,000 $375,000 $0 0.00%
    American Indian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.24%

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

    Pick Rate

    Approvals leading to origination
    92.98%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 171 $34,765,000 $203,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    171 $34,765,000 $203,304

    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%