First Century Bank Mortgage Rates, Fees & Info

Tazewell, TN

LEI: 549300F1D8U51K67LV24

Tax ID: 62-0161420

Latest/2023 | 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 Century Bank is a smaller bank specializing in Home Purchase loans. First Century Bank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Sevierville, Morristown, Kingsport, and Louisville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Century Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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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    Originations

    181

    Origination Dollar Volume (All Markets)

    $65,085,000

    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
    KNOXVILLE, TN (FHA|USDA|VA) 133 $50,725,000 $381,391 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 10 $7,340,000 $734,000 $0 0.00%
    Outside of Metro Areas 28 $4,270,000 $152,500 $0 0.00%
    MORRISTOWN, TN (FHA|USDA|VA) 8 $2,150,000 $268,750 $0 0.00%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    First Century Bank's top markets include Knoxville, Sevierville, Morristown, Kingsport, and Louisville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 181 $65,085,000 $359,586 $0 0.00%

    For 2023, First Century Bank's most frequently originated type of loan was Conventional, with 181 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 161 $62,415,000 $387,671 $0 0.00%
    Refi 11 $1,735,000 $157,727 $0 0.00%
    Home Improvement 6 $690,000 $115,000 $0 0.00%
    Other 3 $245,000 $81,667 $0 0.00%

    For 2023, First Century Bank's most frequently cited loan purpose was Home Purchase, with 161 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 181 $65,085,000 $359,586 $0 0.00%

    For 2023, First Century Bank's most frequently cited loan duration was Other, with 181 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 66 $17,550,000 $265,909 $0 0.00%
    $100k-200k 46 $6,870,000 $149,348 $0 0.00%
    $400k-600k 22 $10,360,000 $470,909 $0 0.00%
    $100,000 or less 21 $1,255,000 $59,762 $0 0.00%
    $600k-1MM 20 $15,280,000 $764,000 $0 0.00%
    $1MM+ 6 $13,770,000 $2,295,000 $0 0.00%

    2023 saw First Century Bank place emphasis on $200k-400k loans with 66 originations, totaling $17,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 45 $22,765,000 $505,889 $0 0.00%
    $100k-150k 34 $8,740,000 $257,059 $0 0.00%
    $150k-250k 29 $8,115,000 $279,828 $0 0.00%
    $75k-100k 20 $3,050,000 $152,500 $0 0.00%
    $50k-75k 16 $3,380,000 $211,250 $0 0.00%
    $50k or less 6 $520,000 $86,667 $0 0.00%

    First Century Bank lent most frequently to those with incomes in the $250k+ range, with 45 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 181 $65,085,000 $359,586 $0 0.00%

    First Century Bank lent most frequently to those with DTI ratios of Exempt%, with 181 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 158 $49,520,000 $313,418 $0 0.00%
    Not applicable 21 $15,235,000 $725,476 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.44%

    First Century Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.59%

    First Century Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 181 $65,085,000 $359,586

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    181 $65,085,000 $359,586