First Enterprise Bank Mortgage Rates, Fees & Info
OKLAHOMA CITY, OKLEI: 549300GQHFVUMVZAI777
Tax ID: 73-0159955
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Mortgage 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
61Origination Dollar Volume (All Markets)
$21,365,000Top 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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 59 | $20,435,000 | $346,356 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $930,000 | $465,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $21,365,000 | $350,246 | $0 | 0.00% |
For 2019, First Enterprise Bank's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
For 2019, First Enterprise Bank's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $21,365,000 | $350,246 | $0 | 0.00% |
For 2019, First Enterprise Bank's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2019 saw First Enterprise Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,140,000 in origination value.
Applicant Income
First Enterprise Bank lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $21,365,000 | $350,246 | $0 | 0.00% |
First Enterprise Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $21,365,000 | $350,246 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |