First Neighborhood Bank Inc Mortgage Rates, Fees & Info

SPENCER, WV

LEI: 549300GG3E9KJST8NW30

Tax ID: 55-0282083

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Mortgage Data

Review & Overview

First Neighborhood Bank Inc is a smaller bank specializing in Home Purchase loans. First Neighborhood Bank Inc has a high proportion of conventional loans. Their top markets by origination volume include: Parkersburg, Charleston, Marietta, Jacksonville, and Hilton Head Island among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Neighborhood Bank Inc has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

58

Origination Dollar Volume (All Markets)

$11,150,000

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
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 25 $5,345,000 $213,800 $0 0.00%
CHARLESTON, WV (FHA|USDA|VA) 10 $1,190,000 $119,000 $0 0.00%
Outside of Metro Areas 10 $1,000,000 $100,000 $0 0.00%
Marietta, OH (FHA|USDA|VA) 5 $855,000 $171,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
MORGANTOWN, WV (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
AKRON, OH (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
First Neighborhood Bank Inc's top markets include Parkersburg, Charleston, Marietta, Jacksonville, and Hilton Head Island among others.

Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 58 $11,150,000 $192,241 $0 0.00%

    For 2023, First Neighborhood Bank Inc'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 45 $9,835,000 $218,556 $0 0.00%
    Refi 10 $1,050,000 $105,000 $0 0.00%
    Other 3 $265,000 $88,333 $0 0.00%

    For 2023, First Neighborhood Bank Inc's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 58 $11,150,000 $192,241 $0 0.00%

    For 2023, First Neighborhood Bank Inc's most frequently cited loan duration was Other, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 26 $3,760,000 $144,615 $0 0.00%
    $100,000 or less 15 $975,000 $65,000 $0 0.00%
    $200k-400k 9 $2,505,000 $278,333 $0 0.00%
    $400k-600k 8 $3,910,000 $488,750 $0 0.00%

    2023 saw First Neighborhood Bank Inc place emphasis on $100k-200k loans with 26 originations, totaling $3,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 12 $2,440,000 $203,333 $0 0.00%
    $100k-150k 8 $1,430,000 $178,750 $0 0.00%
    $50k-75k 8 $1,070,000 $133,750 $0 0.00%
    $50k or less 7 $715,000 $102,143 $0 0.00%
    $75k-100k 6 $870,000 $145,000 $0 0.00%
    $250k+ 4 $1,810,000 $452,500 $0 0.00%

    First Neighborhood Bank Inc lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 58 $11,150,000 $192,241 $0 0.00%

    First Neighborhood Bank Inc 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
    White 47 $8,625,000 $183,511 $0 0.00%
    Not applicable 9 $2,065,000 $229,444 $0 0.00%
    Not provided 1 $285,000 $285,000 $0 0.00%
    American Indian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.14%

    First Neighborhood Bank Inc has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.38%

    First Neighborhood Bank Inc has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 58 $11,150,000 $192,241

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    58 $11,150,000 $192,241