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, Jackson, 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 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

Origination Dollar Volume (All Markets)

$9,310,000

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)	55	$8,195,000	$149,000	$0	0.00%
BATON ROUGE, LA (FHA\|USDA\|VA)	6	$550,000	$91,667	$0	0.00%
JACKSON, MS (FHA\|USDA\|VA)	1	$425,000	$425,000	$0	0.00%
HOUMA-THIBODAUX, LA (FHA\|USDA\|VA)	2	$140,000	$70,000	$0	0.00%

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

Their top states include:

Louisiana (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	64	$9,310,000	$145,469	$0	0.00%

For 2019, First National Bank Usa's most frequently originated type of loan was Conventional, with 64 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	34	$5,320,000	$156,471	$0	0.00%
Refi	27	$3,675,000	$136,111	$0	0.00%
Home Improvement	2	$270,000	$135,000	$0	0.00%
Cash Out Refi	1	$45,000	$45,000	$0	0.00%

For 2019, First National Bank Usa's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 27 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	64	$9,310,000	$145,469	$0	0.00%

For 2019, First National Bank Usa's most frequently cited loan duration was Other, with 64 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	34	$2,120,000	$62,353	$0	0.00%
$100k-200k	21	$2,825,000	$134,524	$0	0.00%
$400k-600k	5	$2,475,000	$495,000	$0	0.00%
$200k-400k	3	$835,000	$278,333	$0	0.00%
$1MM+	1	$1,055,000	$1,055,000	$0	0.00%

2019 saw First National Bank Usa place emphasis on $100,000 or less loans with 34 originations, totaling $2,120,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	8	$1,180,000	$147,500	$0	0.00%
$150k-250k	7	$675,000	$96,429	$0	0.00%
$250k+	7	$2,225,000	$317,857	$0	0.00%
$50k-75k	7	$335,000	$47,857	$0	0.00%
$50k or less	6	$540,000	$90,000	$0	0.00%
$75k-100k	1	$95,000	$95,000	$0	0.00%

First National Bank Usa lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $150k-250k, with 7 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	64	$9,310,000	$145,469	$0	0.00%

First National Bank Usa lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	27	$4,315,000	$159,815	$0	0.00%
Not applicable	28	$4,260,000	$152,143	$0	0.00%
Black	6	$380,000	$63,333	$0	0.00%
Not provided	2	$300,000	$150,000	$0	0.00%
Asian	1	$55,000	$55,000	$0	0.00%

Approval Rates

Total approvals of all applications
90.70%

First National Bank Usa has an average approval rate.

Pick Rate

Approvals leading to origination
81.25%

First National Bank Usa has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	64	$9,310,000	$145,469

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	7	$2,945,000	$420,714
Single Family (1-4 Units):Manufactured	2	$100,000	$50,000
Single Family (1-4 Units):Site-Built	55	$6,265,000	$113,909

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Closing on a mortgage	2	33.3%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	1	16.7%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Trouble during payment process	3	50.0%