First Community Bank Mortgage Rates, Fees & Info

Batesville, AR

LEI: 549300IEIM2IT5YK4368

Tax ID: 71-0799734

5 stars - Updated: 6/16/24 - out of 5 stars, based on 36 reviews

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

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Mortgage Data

Review & Overview

First Community Bank is a smaller bank specializing in Home Purchase loans. First Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Little Rock, Batesville, Searcy, Joplin, and Jonesboro among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Community Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Community Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.79% 6/16/24
30 Year Conventional Refi 6.83% 6/16/24
30 Year Cash-out Refi 6.87% 6/16/24
30 Year FHA Purchase 7.43% 6/16/24
30 Year FHA Refi 7.39% 6/16/24
30 Year VA Purchase 6.30% 6/16/24
30 Year VA Refi 6.01% 6/16/24
30 Year USDA Purchase 6.72% 6/16/24
15 Year Conventional Purchase 6.58% 6/16/24
15 Year Conventional Refi 6.59% 6/16/24
15 Year Cash-out Refi 6.59% 6/16/24
15 Year FHA Purchase 5.68% 6/16/24
15 Year VA Refi 6.13% 6/16/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Community Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,273

Origination Dollar Volume (All Markets)

$235,165,000
Show all (7) awards

Relative Rate

First Community Bank's average 30 year fixed mortgage rate was 6.74%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.26%.

Relative Fees (Closing Costs)

First Community Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,847.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 251 $58,945,000 $234,841 $7,075 7.72%
Batesville, AR (FHA|USDA|VA) 254 $35,270,000 $138,858 $3,618 8.17%
Searcy, AR (FHA|USDA|VA) 148 $26,380,000 $178,243 $4,854 7.46%
JOPLIN, MO (FHA|USDA|VA) 153 $24,845,000 $162,386 $4,982 7.88%
JONESBORO, AR (FHA|USDA|VA) 107 $20,255,000 $189,299 $4,773 7.74%
Outside of Metro Areas 158 $20,080,000 $127,089 $3,840 8.20%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 38 $12,670,000 $333,421 $6,880 7.29%
Harrison, AR (FHA|USDA|VA) 43 $8,025,000 $186,628 $4,855 7.96%
FORT SMITH, AR-OK (FHA|USDA|VA) 18 $7,200,000 $400,000 $7,416 8.31%
Mountain Home, AR (FHA|USDA|VA) 32 $5,640,000 $176,250 $3,933 7.77%
SPRINGFIELD, MO (FHA|USDA|VA) 5 $2,635,000 $527,000 $0 8.66%
HOT SPRINGS, AR (FHA|USDA|VA) 8 $2,190,000 $273,750 $5,075 8.39%
Paragould, AR (FHA|USDA|VA) 11 $2,075,000 $188,636 $4,100 7.51%
Pittsburg, KS (FHA|USDA|VA) 7 $1,315,000 $187,857 $11,090 8.18%
Blytheville, AR (FHA|USDA|VA) 4 $760,000 $190,000 $4,365 7.34%
Helena-West Helena, AR (FHA|USDA|VA) 4 $560,000 $140,000 $6,768 6.31%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $535,000 $535,000 $14,238 5.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $445,000 $445,000 $8,555 6.88%
PINE BLUFF, AR (FHA|USDA|VA) 3 $435,000 $145,000 $6,333 5.83%
Miami, OK (FHA|USDA|VA) 2 $390,000 $195,000 $3,645 7.56%
Camden, AR (FHA|USDA|VA) 2 $380,000 $190,000 $1,775 8.43%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $345,000 $345,000 $2,656 11.48%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $345,000 $115,000 $0 9.00%
Kennett, MO (FHA|USDA|VA) 1 $335,000 $335,000 $0 8.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,200 7.95%
Russellville, AR (FHA|USDA|VA) 2 $290,000 $145,000 $4,836 6.25%
TOPEKA, KS (FHA|USDA|VA) 1 $275,000 $275,000 $9,868 7.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,643 6.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $265,000 $265,000 $6,603 6.25%
Branson, MO (FHA|USDA|VA) 2 $220,000 $110,000 $0 8.70%
WICHITA, KS (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.50%
JACKSON, TN (FHA|USDA|VA) 1 $195,000 $195,000 $0 9.65%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $195,000 $195,000 $6,637 8.00%
VALDOSTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $9,532 5.50%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $145,000 $145,000 $4,621 7.88%
Stephenville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,210 6.38%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $135,000 $135,000 $4,393 6.50%
Tupelo, MS (FHA|USDA|VA) 1 $125,000 $125,000 $3,120 5.99%
Malvern, AR (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.75%
Parsons, KS (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.25%
First Community Bank's top markets include Little Rock, Batesville, Searcy, Joplin, and Jonesboro among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Springfield First Community Bank
    Similarity Rank: 126
    Southwest Missouri Bank
    Similarity Rank: 128
    Equity Bank
    Similarity Rank: 162
    United Bank
    Similarity Rank: 230
    Great Southern Bank
    Similarity Rank: 261
    The Bank of Missouri
    Similarity Rank: 288
    First National Bank
    Similarity Rank: 352
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 520
    Priority Bank
    Similarity Rank: 555

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,049 $192,155,000 $183,179 $4,017 8.18%
    FHA 163 $31,745,000 $194,755 $8,243 6.43%
    USDA 31 $4,685,000 $151,129 $5,535 6.30%
    VA 30 $6,580,000 $219,333 $5,768 6.43%

    For 2023, First Community Bank's most frequently originated type of loan was Conventional, with 1,049 originations. Their 2nd most popular type was FHA, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 956 $193,000,000 $201,883 $5,592 7.62%
    Refi 133 $25,705,000 $193,271 $4,331 8.13%
    Home Improvement 120 $10,230,000 $85,250 $1,277 9.38%
    Other 33 $2,045,000 $61,970 $1,160 9.47%
    Cash Out Refi 31 $4,185,000 $135,000 $4,743 6.74%

    For 2023, First Community Bank's most frequently cited loan purpose was Home Purchase, with 956 originations. The 2nd most popular reason was Refi, with 133 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 644 $140,520,000 $218,199 $5,847 6.74%
    1 Year 165 $23,925,000 $145,000 $1,578 9.31%
    3 Year 130 $21,320,000 $164,000 $534 8.95%
    Other 127 $17,445,000 $137,362 $1,423 9.03%
    5 Year 121 $21,665,000 $179,050 $650 8.84%
    15 Year 33 $4,725,000 $143,182 $3,798 8.12%
    20 Year 29 $4,525,000 $156,034 $2,589 8.83%
    10 Year 24 $1,040,000 $43,333 $1,277 9.43%

    For 2023, First Community Bank's most frequently cited loan duration was 30 Year, with 644 originations. The 2nd most popular length was 1 Year, with 165 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 245 $33,945,000 $138,551
    $2k-3k 231 $35,645,000 $154,307
    $3k-4k 131 $29,895,000 $228,206
    $1k-2k 94 $13,340,000 $141,915
    $5k+ 76 $32,570,000 $428,553
    $4k-5k 55 $17,475,000 $317,727

    First Community Bank's average total fees were $5,847, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 245 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 589 $81,265,000 $137,971
    6-7% 372 $79,840,000 $214,624
    7-8% 190 $48,540,000 $255,474
    5-6% 118 $23,920,000 $202,712
    4-5% 4 $1,600,000 $400,000

    During 2023, First Community Bank's average interest rate for loans was 6.74%, while their most frequently originated rate bucket for loans was Over 8%, with 589 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 483 $70,615,000 $146,201 $4,568 7.58%
    $100,000 or less 404 $24,430,000 $60,470 $2,041 8.80%
    $200k-400k 297 $81,775,000 $275,337 $6,532 7.19%
    $400k-600k 62 $29,970,000 $483,387 $9,037 7.15%
    $600k-1MM 21 $16,485,000 $785,000 $12,257 8.17%
    $1MM+ 6 $11,890,000 $1,981,667 $17,296 7.90%

    2023 saw First Community Bank place emphasis on $100k-200k loans with 483 originations, totaling $70,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 246 $34,000,000 $138,211 $4,634 7.49%
    $100k-150k 208 $44,740,000 $215,096 $5,525 7.66%
    $75k-100k 186 $33,350,000 $179,301 $5,199 7.58%
    $50k or less 185 $18,695,000 $101,054 $3,981 7.51%
    $150k-250k 96 $26,860,000 $279,792 $5,834 7.83%
    $250k+ 54 $19,130,000 $354,259 $6,504 7.65%

    First Community Bank lent most frequently to those with incomes in the $50k-75k range, with 246 originations. The second most popular income band? $100k-150k, with 208 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 173 $31,375,000 $181,358 $4,351 7.43%
    30-36% 151 $27,415,000 $181,556 $4,623 7.36%
    <20% 64 $10,320,000 $161,250 $3,919 7.88%
    44% 51 $10,745,000 $210,686 $5,183 7.29%
    50-60% 43 $10,085,000 $234,535 $8,506 6.55%
    43% 39 $8,065,000 $206,795 $5,418 7.70%
    39% 36 $5,810,000 $161,389 $5,076 7.79%
    37% 33 $7,965,000 $241,364 $4,910 7.23%
    38% 31 $6,145,000 $198,226 $4,707 7.00%
    42% 29 $5,935,000 $204,655 $4,979 7.17%
    36% 29 $4,485,000 $154,655 $3,813 7.35%
    41% 29 $5,865,000 $202,241 $4,640 7.98%
    40% 26 $4,310,000 $165,769 $5,061 7.16%
    45% 23 $5,135,000 $223,261 $5,882 6.85%
    48% 21 $5,985,000 $285,000 $6,634 6.79%
    49% 20 $4,770,000 $238,500 $5,964 6.68%
    46% 19 $4,575,000 $240,789 $6,184 6.65%
    47% 12 $3,030,000 $252,500 $6,560 6.77%
    >60% 3 $275,000 $91,667 $2,812 9.83%

    First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 173 originations. The next most common DTI ratio? 30-36%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 921 $163,055,000 $177,041 $4,824 7.64%
    Not applicable 265 $51,915,000 $195,906 $1,799 8.83%
    Not provided 32 $6,520,000 $203,750 $5,863 7.28%
    Black 26 $5,860,000 $225,385 $7,371 7.32%
    Asian 17 $4,835,000 $284,412 $5,617 7.38%
    American Indian 9 $1,935,000 $215,000 $6,862 7.24%
    Native Hawaiian or Islander 2 $690,000 $345,000 $8,156 7.00%
    Asian Indian 1 $355,000 $355,000 $2,531 8.47%

    Approval Rates

    Total approvals of all applications
    92.31%

    First Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.45%

    First Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    184.53 1 $15,000 $15,000
    395.37 1 $15,000 $15,000
    400.88 1 $55,000 $55,000
    505.0 1 $165,000 $165,000
    NA 1,269 $234,915,000 $185,118

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,273 $235,165,000 $184,733

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 110 $11,460,000 $104,182 $2,874 8.39%
    40-60% 150 $20,720,000 $138,133 $3,081 8.35%
    60-80% 412 $86,350,000 $209,587 $4,962 7.96%
    80-100% 515 $110,875,000 $215,291 $6,196 7.30%
    Over 100% 5 $875,000 $175,000 $4,908 7.23%
    Under 20% 49 $2,965,000 $60,510 $1,287 9.14%