First Enterprise Bank Mortgage Rates, Fees & Info

OKLAHOMA CITY, OK

LEI: 549300GQHFVUMVZAI777

Tax ID: 73-0159955

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Enterprise Bank is a smaller bank specializing in Home Purchase and Refi loans. First Enterprise Bank has a high proportion of conventional loans. Their top (well, only) market is Oklahoma City.

    First Enterprise Bank has an above average approval rate when compared to the average across all lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    76

    Origination Dollar Volume (All Markets)

    $24,310,000

    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
    OKLAHOMA CITY, OK (FHA|USDA|VA) 73 $22,355,000 $306,233 $0 0.00%
    Outside of Metro Areas 3 $1,955,000 $651,667 $0 0.00%
    First Enterprise Bank's top markets include and Oklahoma City among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $24,310,000 $319,868 $0 0.00%

    For 2023, First Enterprise Bank's most frequently originated type of loan was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $13,925,000 $397,857 $0 0.00%
    Refi 26 $7,570,000 $291,154 $0 0.00%
    Cash Out Refi 8 $2,040,000 $255,000 $0 0.00%
    Home Improvement 7 $775,000 $110,714 $0 0.00%

    For 2023, First Enterprise Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 76 $24,310,000 $319,868 $0 0.00%

    For 2023, First Enterprise Bank's most frequently cited loan duration was Other, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $7,130,000 $274,231 $0 0.00%
    $100,000 or less 21 $1,075,000 $51,190 $0 0.00%
    $100k-200k 14 $1,860,000 $132,857 $0 0.00%
    $400k-600k 7 $3,205,000 $457,857 $0 0.00%
    $1MM+ 4 $7,180,000 $1,795,000 $0 0.00%
    $600k-1MM 4 $3,860,000 $965,000 $0 0.00%

    2023 saw First Enterprise Bank place emphasis on $200k-400k loans with 26 originations, totaling $7,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 5 $445,000 $89,000 $0 0.00%
    $150k-250k 2 $480,000 $240,000 $0 0.00%
    $100k-150k 1 $25,000 $25,000 $0 0.00%
    $250k+ 1 $145,000 $145,000 $0 0.00%

    First Enterprise Bank lent most frequently to those with incomes in the $75k-100k range, with 5 originations. The second most popular income band? $150k-250k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 76 $24,310,000 $319,868 $0 0.00%

    First Enterprise Bank lent most frequently to those with DTI ratios of Exempt%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 61 $22,805,000 $373,852 $0 0.00%
    White 12 $1,300,000 $108,333 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%
    Black 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    First Enterprise Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 76 $24,310,000 $319,868

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    76 $24,310,000 $319,868