First Bank Of Newton Mortgage Rates, Fees & Info
Newton, KSLEI: 549300HCJEE2JUCTPA84
Tax ID: 48-0221350
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Bank Of Newton is a smaller bank specializing in Home Purchase and Refi loans. First Bank Of Newton has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Mcpherson, Hutchinson, Lawrence, and Kansas City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank Of Newton has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
400Origination Dollar Volume (All Markets)
$37,420,000Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 344 | $33,030,000 | $96,017 | $0 | 0.00% |
| Outside of Metro Areas | 26 | $1,860,000 | $71,538 | $0 | 0.00% |
| McPherson, KS (FHA|USDA|VA) | 12 | $1,070,000 | $89,167 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 14 | $1,060,000 | $75,714 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Emporia, KS (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 400 | $37,420,000 | $93,550 | $0 | 0.00% |
For 2018, First Bank Of Newton's most frequently originated type of loan was Conventional, with 400 originations.
Loan Reason
For 2018, First Bank Of Newton's most frequently cited loan purpose was Home Purchase, with 186 originations. The 2nd most popular reason was Refi, with 160 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 400 | $37,420,000 | $93,550 | $0 | 0.00% |
For 2018, First Bank Of Newton's most frequently cited loan duration was Other, with 400 originations.
Loan Sizing
2018 saw First Bank Of Newton place emphasis on $100,000 or less loans with 263 originations, totaling $12,565,000 in origination value.
Applicant Income
First Bank Of Newton lent most frequently to those with incomes in the $50k or less range, with 94 originations. The second most popular income band? $50k-75k, with 77 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 400 | $37,420,000 | $93,550 | $0 | 0.00% |
First Bank Of Newton lent most frequently to those with DTI ratios of Exempt%, with 400 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.14%
First Bank Of Newton has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.25%
First Bank Of Newton has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 400 | $37,420,000 | $93,550 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |