First Neighborhood Bank Inc Mortgage Rates, Fees & Info
SPENCER, WVLEI: 549300GG3E9KJST8NW30
Tax ID: 55-0282083
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, and Marietta among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Neighborhood Bank Inc has an above 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
13Origination Dollar Volume (All Markets)
$2,905,000Top 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 |
|---|---|---|---|---|---|
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 6 | $2,020,000 | $336,667 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $375,000 | $125,000 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Marietta, OH (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $2,905,000 | $223,462 | $0 | 0.00% |
For 2024, First Neighborhood Bank Inc's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 10 | $2,630,000 | $263,000 | $0 | 0.00% |
| Refi | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Home Improvement | 1 | $45,000 | $45,000 | $0 | 0.00% |
For 2024, First Neighborhood Bank Inc's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 13 | $2,905,000 | $223,462 | $0 | 0.00% |
For 2024, First Neighborhood Bank Inc's most frequently cited loan duration was Other, with 13 originations.
Loan Sizing
2024 saw First Neighborhood Bank Inc place emphasis on $100k-200k loans with 5 originations, totaling $625,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 4 | $1,120,000 | $280,000 | $0 | 0.00% |
| $100k-150k | 3 | $305,000 | $101,667 | $0 | 0.00% |
| $75k-100k | 2 | $340,000 | $170,000 | $0 | 0.00% |
First Neighborhood Bank Inc lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 13 | $2,905,000 | $223,462 | $0 | 0.00% |
First Neighborhood Bank Inc lent most frequently to those with DTI ratios of Exempt%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications70.00%
First Neighborhood Bank Inc has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination92.31%
First Neighborhood Bank Inc has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 13 | $2,905,000 | $223,462 |