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

Review & Overview

First Enterprise Bank is a smaller bank specializing in Refi and Cash Out 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.

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Originations

Origination Dollar Volume (All Markets)

$25,140,000

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)	86	$24,960,000	$290,233	$0	0.00%
Outside of Metro Areas	2	$180,000	$90,000	$0	0.00%

First Enterprise Bank's top markets include and Oklahoma City among others.

Their top states include:

Oklahoma (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	88	$25,140,000	$285,682	$0	0.00%

For 2018, First Enterprise Bank's most frequently originated type of loan was Conventional, with 88 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	46	$6,580,000	$143,043	$0	0.00%
Home Purchase	21	$4,425,000	$210,714	$0	0.00%
Cash Out Refi	19	$14,055,000	$739,737	$0	0.00%
Home Improvement	2	$80,000	$40,000	$0	0.00%

For 2018, First Enterprise Bank's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	88	$25,140,000	$285,682	$0	0.00%

For 2018, First Enterprise Bank's most frequently cited loan duration was Other, with 88 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	45	$2,395,000	$53,222	$0	0.00%
$100k-200k	15	$2,315,000	$154,333	$0	0.00%
$200k-400k	14	$3,640,000	$260,000	$0	0.00%
$600k-1MM	6	$4,700,000	$783,333	$0	0.00%
$1MM+	4	$10,040,000	$2,510,000	$0	0.00%
$400k-600k	4	$2,050,000	$512,500	$0	0.00%

2018 saw First Enterprise Bank place emphasis on $100,000 or less loans with 45 originations, totaling $2,395,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	7	$555,000	$79,286	$0	0.00%
$250k+	7	$2,355,000	$336,429	$0	0.00%
$75k-100k	6	$1,620,000	$270,000	$0	0.00%
$50k-75k	5	$395,000	$79,000	$0	0.00%
$50k or less	4	$420,000	$105,000	$0	0.00%
$150k-250k	3	$205,000	$68,333	$0	0.00%

First Enterprise Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $250k+, with 7 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	88	$25,140,000	$285,682	$0	0.00%

First Enterprise Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	53	$13,795,000	$260,283	$0	0.00%
White	30	$10,920,000	$364,000	$0	0.00%
Black	2	$190,000	$95,000	$0	0.00%
Asian	1	$115,000	$115,000	$0	0.00%
Not provided	1	$95,000	$95,000	$0	0.00%
Other Asian	1	$25,000	$25,000	$0	0.00%

Approval Rates

Total approvals of all applications
98.90%

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	88	$25,140,000	$285,682

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$7,240,000	$1,810,000
Single Family (1-4 Units):Manufactured	4	$360,000	$90,000
Single Family (1-4 Units):Site-Built	80	$17,540,000	$219,250

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Incorrect information on your report	1	7.1%
FIRST HORIZON BANK	FHA mortgage	Trouble during payment process	1	7.1%
FIRST HORIZON BANK	Conventional home mortgage	Trouble during payment process	5	35.7%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Problem with a credit reporting company's investigation into an existing problem	1	7.1%
FIRST HORIZON BANK	Other type of mortgage	Trouble during payment process	1	7.1%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Trouble during payment process	1	7.1%
FIRST HORIZON BANK	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	7.1%
FIRST HORIZON BANK	Conventional home mortgage	Struggling to pay mortgage	3	21.4%