First Community Bank Mortgage Rates, Fees & Info

Batesville, AR

LEI: 549300IEIM2IT5YK4368

Tax ID: 71-0799734

5 stars - Updated: 2/19/24 - out of 5 stars, based on 42 reviews

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

Jump to:

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, Searcy, Batesville, Jonesboro, and Joplin among others. We have data for 39 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 about average 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% 2/19/24
30 Year Conventional Refi 6.83% 2/19/24
30 Year Cash-out Refi 6.87% 2/19/24
30 Year FHA Purchase 7.43% 2/19/24
30 Year FHA Refi 7.39% 2/19/24
30 Year VA Purchase 6.30% 2/19/24
30 Year VA Refi 6.01% 2/19/24
30 Year USDA Purchase 6.72% 2/19/24
15 Year Conventional Purchase 6.58% 2/19/24
15 Year Conventional Refi 6.59% 2/19/24
15 Year Cash-out Refi 6.59% 2/19/24
15 Year FHA Purchase 5.68% 2/19/24
15 Year VA Refi 6.13% 2/19/24
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

1,774

Origination Dollar Volume (All Markets)

$411,720,000
Show all (10) awards

Relative Rate

First Community Bank's average 30 year fixed mortgage rate was 4.9%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.14%.

Relative Fees (Closing Costs)

First Community Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,190.

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 $4,750.

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) 381 $112,845,000 $296,181 $5,314 5.45%
Searcy, AR (FHA|USDA|VA) 169 $57,285,000 $338,964 $4,448 5.11%
Batesville, AR (FHA|USDA|VA) 342 $45,910,000 $134,240 $3,567 5.58%
JONESBORO, AR (FHA|USDA|VA) 209 $44,845,000 $214,569 $4,759 5.26%
Outside of Metro Areas 205 $35,265,000 $172,024 $3,816 5.46%
JOPLIN, MO (FHA|USDA|VA) 200 $29,970,000 $149,850 $5,698 5.57%
Mountain Home, AR (FHA|USDA|VA) 66 $19,390,000 $293,788 $2,978 5.37%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 34 $15,790,000 $464,412 $5,196 4.92%
Harrison, AR (FHA|USDA|VA) 66 $11,270,000 $170,758 $3,848 5.20%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $10,540,000 $2,635,000 $5,158 6.50%
SPRINGFIELD, MO (FHA|USDA|VA) 20 $8,830,000 $441,500 $8,298 5.42%
Paragould, AR (FHA|USDA|VA) 15 $3,295,000 $219,667 $5,254 4.90%
Pittsburg, KS (FHA|USDA|VA) 5 $1,715,000 $343,000 $3,039 5.41%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $0 4.75%
Branson, MO (FHA|USDA|VA) 6 $1,590,000 $265,000 $5,917 5.08%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $1,360,000 $680,000 $6,106 6.25%
HOT SPRINGS, AR (FHA|USDA|VA) 8 $1,220,000 $152,500 $4,891 4.86%
Kennett, MO (FHA|USDA|VA) 1 $1,115,000 $1,115,000 $0 4.60%
Blytheville, AR (FHA|USDA|VA) 8 $1,110,000 $138,750 $4,552 4.94%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $1,095,000 $365,000 $6,306 4.92%
Russellville, AR (FHA|USDA|VA) 4 $700,000 $175,000 $5,294 5.62%
PINE BLUFF, AR (FHA|USDA|VA) 2 $600,000 $300,000 $2,408 4.82%
MIDLAND, TX (FHA|USDA|VA) 1 $525,000 $525,000 $11,112 5.38%
Arkadelphia, AR (FHA|USDA|VA) 3 $465,000 $155,000 $4,581 5.71%
Miami, OK (FHA|USDA|VA) 2 $440,000 $220,000 $13,455 4.71%
TULSA, OK (FHA|USDA|VA) 2 $380,000 $190,000 $0 4.85%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $355,000 $355,000 $9,483 3.63%
Rolla, MO (FHA|USDA|VA) 1 $345,000 $345,000 $6,991 5.88%
ASHEVILLE, NC (FHA|USDA|VA) 1 $335,000 $335,000 $5,035 3.13%
Camden, AR (FHA|USDA|VA) 2 $270,000 $135,000 $3,717 5.31%
Malvern, AR (FHA|USDA|VA) 1 $255,000 $255,000 $5,947 5.88%
Coffeyville, KS (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.50%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $185,000 $185,000 $8,216 3.00%
Cleveland, MS (FHA|USDA|VA) 1 $115,000 $115,000 $7,007 5.13%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,027 6.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.00%
Natchitoches, LA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.39%
Parsons, KS (FHA|USDA|VA) 2 $80,000 $40,000 $0 5.75%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $65,000 $65,000 $3,045 5.63%
First Community Bank's top markets include Little Rock, Searcy, Batesville, Jonesboro, and Joplin among others.

Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Oklahoma (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.

    The Farmers & Merchants Bank
    Similarity Rank: 192
    Southwest Missouri Bank
    Similarity Rank: 207
    Farmers Bank & Trust Company
    Similarity Rank: 280
    Pinnacle Bank
    Similarity Rank: 408
    Equity Bank
    Similarity Rank: 720
    Oakstar Bank
    Similarity Rank: 832
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 928
    First National Bank
    Similarity Rank: 1075
    Baxter Credit Union
    Similarity Rank: 1605
    First Financial Bank
    Similarity Rank: 1898

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,522 $366,110,000 $240,545 $3,700 5.51%
    FHA 149 $26,665,000 $178,960 $7,501 4.96%
    USDA 71 $10,105,000 $142,324 $5,181 4.34%
    VA 32 $8,840,000 $276,250 $5,877 4.48%

    For 2022, First Community Bank's most frequently originated type of loan was Conventional, with 1,522 originations. Their 2nd most popular type was FHA, with 149 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,275 $319,955,000 $250,945 $4,932 5.41%
    Refi 280 $66,960,000 $239,143 $3,392 5.18%
    Home Improvement 103 $9,675,000 $93,932 $1,357 6.15%
    Cash Out Refi 82 $13,170,000 $160,610 $4,398 4.41%
    Other 34 $1,960,000 $57,647 $1,062 7.04%

    For 2022, First Community Bank's most frequently cited loan purpose was Home Purchase, with 1,275 originations. The 2nd most popular reason was Refi, with 280 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 767 $158,465,000 $206,604 $5,190 4.90%
    5 Year 323 $108,605,000 $336,238 $1,270 5.54%
    Other 176 $35,810,000 $203,466 $1,666 5.81%
    3 Year 174 $58,390,000 $335,575 $1,064 6.27%
    1 Year 161 $29,105,000 $180,776 $1,820 6.11%
    15 Year 94 $14,340,000 $152,553 $3,423 4.63%
    20 Year 54 $5,650,000 $104,630 $2,075 6.17%
    10 Year 25 $1,355,000 $54,200 $1,406 6.53%

    For 2022, First Community Bank's most frequently cited loan duration was 30 Year, with 767 originations. The 2nd most popular length was 5 Year, with 323 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 295 $39,875,000 $135,169
    $2k-3k 268 $41,640,000 $155,373
    $1k-2k 192 $29,290,000 $152,552
    $3k-4k 159 $37,905,000 $238,396
    $5k+ 70 $27,230,000 $389,000
    $4k-5k 61 $18,525,000 $303,689

    First Community Bank's average total fees were $5,190, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 295 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 480 $97,090,000 $202,271
    4-5% 459 $136,175,000 $296,678
    6-7% 287 $48,165,000 $167,822
    3-4% 273 $68,435,000 $250,678
    7-8% 158 $25,230,000 $159,684
    Over 8% 62 $25,120,000 $405,161
    2.5-3% 43 $8,565,000 $199,186
    <2.5% 12 $2,940,000 $245,000

    During 2022, First Community Bank's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 5-6%, with 480 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 657 $96,395,000 $146,720 $4,188 5.31%
    $100,000 or less 537 $33,975,000 $63,268 $2,288 5.99%
    $200k-400k 427 $115,235,000 $269,871 $5,937 5.00%
    $400k-600k 92 $43,780,000 $475,870 $7,151 4.72%
    $1MM+ 31 $100,235,000 $3,233,387 $0 5.40%
    $600k-1MM 30 $22,100,000 $736,667 $5,328 4.62%

    2022 saw First Community Bank place emphasis on $100k-200k loans with 657 originations, totaling $96,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 334 $49,690,000 $148,772 $4,594 5.27%
    $50k or less 294 $29,640,000 $100,816 $3,542 5.45%
    $100k-150k 231 $51,165,000 $221,494 $4,911 5.30%
    $75k-100k 216 $40,010,000 $185,231 $4,950 5.25%
    $150k-250k 126 $32,940,000 $261,429 $5,095 5.32%
    $250k+ 59 $16,875,000 $286,017 $4,677 4.92%

    First Community Bank lent most frequently to those with incomes in the $50k-75k range, with 334 originations. The second most popular income band? $50k or less, with 294 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 238 $43,670,000 $183,487 $3,900 5.09%
    30-36% 224 $39,940,000 $178,304 $4,329 5.33%
    <20% 98 $14,530,000 $148,265 $3,226 4.95%
    42% 49 $9,865,000 $201,327 $4,559 5.13%
    37% 45 $8,055,000 $179,000 $4,138 5.68%
    39% 42 $8,710,000 $207,381 $4,492 4.95%
    44% 41 $8,775,000 $214,024 $4,373 4.99%
    40% 39 $6,755,000 $173,205 $4,611 5.61%
    36% 37 $6,295,000 $170,135 $4,181 5.12%
    43% 37 $8,515,000 $230,135 $4,804 5.25%
    41% 33 $6,775,000 $205,303 $5,473 5.23%
    38% 31 $5,115,000 $165,000 $4,287 5.36%
    50-60% 31 $6,075,000 $195,968 $7,579 4.87%
    48% 28 $6,150,000 $219,643 $5,610 4.96%
    45% 25 $4,385,000 $175,400 $5,435 5.15%
    49% 23 $4,975,000 $216,304 $5,645 4.54%
    47% 20 $4,210,000 $210,500 $5,809 5.19%
    46% 14 $3,130,000 $223,571 $5,441 4.34%
    >60% 4 $300,000 $75,000 $1,291 6.08%

    First Community Bank lent most frequently to those with DTI ratios of 20-30%, with 238 originations. The next most common DTI ratio? 30-36%, with 224 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,194 $207,610,000 $173,878 $4,429 5.30%
    Not applicable 460 $182,330,000 $396,370 $0 5.67%
    Not provided 54 $9,590,000 $177,593 $3,349 5.45%
    Black 34 $5,990,000 $176,176 $5,094 5.27%
    Asian 20 $4,050,000 $202,500 $3,764 5.56%
    American Indian 9 $1,745,000 $193,889 $5,427 4.67%
    Asian Indian 1 $225,000 $225,000 $2,014 3.95%
    Native Hawaiian or Islander 2 $180,000 $90,000 $3,045 5.76%

    Approval Rates

    Total approvals of all applications
    93.98%

    First Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.29%

    First Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    162.0 2 $40,000 $20,000
    240.0 2 $120,000 $60,000
    281.23 1 $15,000 $15,000
    472.71 1 $35,000 $35,000
    478.11 1 $55,000 $55,000
    NA 1,767 $411,455,000 $232,855

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,774 $411,720,000 $232,086

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 99 $7,525,000 $76,010 $2,160 5.99%
    40-60% 181 $26,935,000 $148,812 $3,475 5.44%
    60-80% 593 $156,945,000 $264,663 $4,245 5.46%
    80-100% 808 $191,810,000 $237,389 $5,192 5.18%
    Over 100% 15 $23,165,000 $1,544,333 $6,192 5.22%
    Under 20% 58 $3,590,000 $61,897 $1,228 6.44%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%