First National Bank Usa Mortgage Rates, Fees & Info

Boutte, LA

LEI: 549300F376WY63AY7896

Tax ID: 72-0761151

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Mortgage 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

64

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%