First Northern Bank And Trust Company Mortgage Rates, Fees & Info
Palmerton, PALEI: 549300E5GFWPFRJR4I76
Tax ID: 24-0579220
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
171Origination Dollar Volume (All Markets)
$34,765,000Top 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% |
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
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
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
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
Approval Rates
Total approvals of all applications86.24%
First Northern Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination92.98%
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 |
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% |