First Bank Of Newton Mortgage Rates, Fees & Info
Newton, KSLEI: 549300HCJEE2JUCTPA84
Tax ID: 48-0221350
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Mortgage Data
Review & Overview
First Bank Of Newton is a smaller bank specializing in Refi and Home Purchase loans. First Bank Of Newton has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Wichita, Hutchinson, Mcpherson, Kansas City, and Emporia among others. We have data for 8 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
295Origination Dollar Volume (All Markets)
$29,345,000Top 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) | 254 | $26,110,000 | $102,795 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $1,285,000 | $75,588 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 14 | $1,110,000 | $79,286 | $0 | 0.00% |
| McPherson, KS (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 0.00% |
| Emporia, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 294 | $29,250,000 | $99,490 | $0 | 0.00% |
| FHA | 1 | $95,000 | $95,000 | $0 | 0.00% |
For 2019, First Bank Of Newton's most frequently originated type of loan was Conventional, with 294 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2019, First Bank Of Newton's most frequently cited loan purpose was Refi, with 144 originations. The 2nd most popular reason was Home Purchase, with 121 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 295 | $29,345,000 | $99,475 | $0 | 0.00% |
For 2019, First Bank Of Newton's most frequently cited loan duration was Other, with 295 originations.
Loan Sizing
2019 saw First Bank Of Newton place emphasis on $100,000 or less loans with 195 originations, totaling $9,955,000 in origination value.
Applicant Income
First Bank Of Newton lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $75k-100k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 295 | $29,345,000 | $99,475 | $0 | 0.00% |
First Bank Of Newton lent most frequently to those with DTI ratios of Exempt%, with 295 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.11%
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 origination94.58%
First Bank Of Newton has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 295 | $29,345,000 | $99,475 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Closing on a mortgage | 2 | 33.3% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 3 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |