First Community Bank Mortgage Rates, Fees & Info
Batesville, ARLEI: 549300IEIM2IT5YK4368
Tax ID: 71-0799734
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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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.79% | 11/21/24 |
| 30 Year Conventional Refi | 6.83% | 11/21/24 |
| 30 Year Cash-out Refi | 6.87% | 11/21/24 |
| 30 Year FHA Purchase | 7.43% | 11/21/24 |
| 30 Year FHA Refi | 7.39% | 11/21/24 |
| 30 Year VA Purchase | 6.30% | 11/21/24 |
| 30 Year VA Refi | 6.01% | 11/21/24 |
| 30 Year USDA Purchase | 6.72% | 11/21/24 |
| 15 Year Conventional Purchase | 6.58% | 11/21/24 |
| 15 Year Conventional Refi | 6.59% | 11/21/24 |
| 15 Year Cash-out Refi | 6.59% | 11/21/24 |
| 15 Year FHA Purchase | 5.68% | 11/21/24 |
| 15 Year VA Refi | 6.13% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,774Origination Dollar Volume (All Markets)
$411,720,000Awards
First Community Bank - 2022
First Community Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
2022 saw First Community Bank place emphasis on $100k-200k loans with 657 originations, totaling $96,395,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.98%
First Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.29%
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 |
LTV Distribution
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% |