First Neighborhood Bank Inc Mortgage Rates, Fees & Info
SPENCER, WVLEI: 549300GG3E9KJST8NW30
Tax ID: 55-0282083
Latest/2023 | 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 and Refi loans. First Neighborhood Bank Inc has a high proportion of conventional loans. Their top markets by origination volume include: Parkersburg, Marietta, Miami, Charlotte, and Morgantown among others. We have data for 7 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 a below average pick rate when compared to similar lenders.
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Originations
35Origination Dollar Volume (All Markets)
$6,865,000Top 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) | 18 | $4,230,000 | $235,000 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,155,000 | $105,000 | $0 | 0.00% |
| Marietta, OH (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $6,865,000 | $196,143 | $0 | 0.00% |
For 2018, First Neighborhood Bank Inc's most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
For 2018, First Neighborhood Bank Inc's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Home Improvement, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $6,865,000 | $196,143 | $0 | 0.00% |
For 2018, First Neighborhood Bank Inc's most frequently cited loan duration was Other, with 35 originations.
Loan Sizing
2018 saw First Neighborhood Bank Inc place emphasis on $100,000 or less loans with 14 originations, totaling $800,000 in origination value.
Applicant Income
First Neighborhood Bank Inc lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 35 | $6,865,000 | $196,143 | $0 | 0.00% |
First Neighborhood Bank Inc lent most frequently to those with DTI ratios of Exempt%, with 35 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 28 | $5,890,000 | $210,357 | $0 | 0.00% |
| Not applicable | 7 | $975,000 | $139,286 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.67%
First Neighborhood Bank Inc has a below average approval rate.
Pick Rate
Approvals leading to origination82.86%
First Neighborhood Bank Inc has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 35 | $6,865,000 | $196,143 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $325,000 | $325,000 |
| Single Family (1-4 Units):Site-Built | 34 | $6,540,000 | $192,353 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST MIDWEST BANCORP, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| FIRST MIDWEST BANCORP, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| FIRST MIDWEST BANCORP, INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 33.3% |