First Century Bank Mortgage Rates, Fees & Info
Tazewell, TNLEI: 549300F1D8U51K67LV24
Tax ID: 62-0161420
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Mortgage Data
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, Newport, and Kingsport among others. We have data for 10 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.
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Originations
245Origination Dollar Volume (All Markets)
$88,645,000Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 172 | $64,510,000 | $375,058 | $0 | 0.00% |
| Outside of Metro Areas | 49 | $10,255,000 | $209,286 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 3 | $6,705,000 | $2,235,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 12 | $4,260,000 | $355,000 | $0 | 0.00% |
| Newport, TN (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Crossville, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 245 | $88,645,000 | $361,816 | $0 | 0.00% |
For 2022, First Century Bank's most frequently originated type of loan was Conventional, with 245 originations.
Loan Reason
For 2022, First Century Bank's most frequently cited loan purpose was Home Purchase, with 205 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 245 | $88,645,000 | $361,816 | $0 | 0.00% |
For 2022, First Century Bank's most frequently cited loan duration was Other, with 245 originations.
Loan Sizing
2022 saw First Century Bank place emphasis on $200k-400k loans with 86 originations, totaling $24,940,000 in origination value.
Applicant Income
First Century Bank lent most frequently to those with incomes in the $250k+ range, with 56 originations. The second most popular income band? $150k-250k, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 245 | $88,645,000 | $361,816 | $0 | 0.00% |
First Century Bank lent most frequently to those with DTI ratios of Exempt%, with 245 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.84%
First Century Bank has an average approval rate.
Pick Rate
Approvals leading to origination75.92%
First Century Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 245 | $88,645,000 | $361,816 |
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% |