First National Bank Usa Mortgage Rates, Fees & Info

Boutte, LA

LEI: 549300F376WY63AY7896

Tax ID: 72-0761151

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

Review & Overview

First National Bank Usa is a smaller bank specializing in Home Purchase and Refi loans. First National Bank Usa has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Hammond, and Houma among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Usa 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

Origination Dollar Volume (All Markets)

$9,290,000

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
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	52	$8,570,000	$164,808	$0	0.00%
BATON ROUGE, LA (FHA\|USDA\|VA)	4	$690,000	$172,500	$0	0.00%
HAMMOND, LA (FHA\|USDA\|VA)	1	$15,000	$15,000	$0	0.00%
HOUMA-THIBODAUX, LA (FHA\|USDA\|VA)	1	$15,000	$15,000	$0	0.00%

First National Bank Usa's top markets include New Orleans, Baton Rouge, Hammond, and Houma among others.

Their top states include:

Louisiana (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	58	$9,290,000	$160,172	$0	0.00%

For 2018, First National Bank Usa's most frequently originated type of loan was Conventional, with 58 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	33	$4,985,000	$151,061	$0	0.00%
Refi	21	$4,045,000	$192,619	$0	0.00%
Other	3	$215,000	$71,667	$0	0.00%
Home Improvement	1	$45,000	$45,000	$0	0.00%

For 2018, First National Bank Usa's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 21 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	58	$9,290,000	$160,172	$0	0.00%

For 2018, First National Bank Usa's most frequently cited loan duration was Other, with 58 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	31	$1,685,000	$54,355	$0	0.00%
$100k-200k	15	$2,185,000	$145,667	$0	0.00%
$200k-400k	9	$2,365,000	$262,778	$0	0.00%
$400k-600k	2	$980,000	$490,000	$0	0.00%
$1MM+	1	$2,075,000	$2,075,000	$0	0.00%

2018 saw First National Bank Usa place emphasis on $100,000 or less loans with 31 originations, totaling $1,685,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	11	$895,000	$81,364	$0	0.00%
$100k-150k	9	$535,000	$59,444	$0	0.00%
$150k-250k	6	$830,000	$138,333	$0	0.00%
$50k or less	5	$195,000	$39,000	$0	0.00%
$250k+	4	$1,000,000	$250,000	$0	0.00%
$75k-100k	4	$350,000	$87,500	$0	0.00%

First National Bank Usa lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 9 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	58	$9,290,000	$160,172	$0	0.00%

First National Bank Usa lent most frequently to those with DTI ratios of Exempt%, with 58 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	19	$5,485,000	$288,684	$0	0.00%
White	27	$2,315,000	$85,741	$0	0.00%
Not provided	5	$1,075,000	$215,000	$0	0.00%
Black	7	$415,000	$59,286	$0	0.00%

Approval Rates

Total approvals of all applications
86.96%

First National Bank Usa has an average approval rate.

Pick Rate

Approvals leading to origination
65.52%

First National Bank Usa has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	58	$9,290,000	$160,172

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	3	$2,445,000	$815,000
Single Family (1-4 Units):Manufactured	1	$15,000	$15,000
Single Family (1-4 Units):Site-Built	54	$6,830,000	$126,481

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	1	50.0%
FIRST NATIONAL BANK OF OMAHA	Home equity loan or line of credit (HELOC)	Closing on a mortgage	1	50.0%