First National Bank Mortgage Rates, Fees & Info
Ruston, LALEI: 549300IFU5D50EZHEU18
Tax ID: 72-0185280
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Mortgage Data
Review & Overview
First National Bank is a smaller bank specializing in Refi and Home Purchase loans. First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ruston, Dallas, Monroe, Baton Rouge, and Austin among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)First National 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.
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Originations
105Origination Dollar Volume (All Markets)
$34,185,000Top 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 |
|---|---|---|---|---|---|
| Ruston, LA (FHA|USDA|VA) | 28 | $10,250,000 | $366,071 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $8,305,000 | $8,305,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 54 | $6,940,000 | $128,519 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 13 | $4,575,000 | $351,923 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $2,385,000 | $2,385,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $685,000 | $137,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $34,185,000 | $325,571 | $0 | 0.00% |
For 2023, First National Bank's most frequently originated type of loan was Conventional, with 105 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 70 | $24,410,000 | $348,714 | $0 | 0.00% |
| Home Purchase | 30 | $9,620,000 | $320,667 | $0 | 0.00% |
| Home Improvement | 5 | $155,000 | $31,000 | $0 | 0.00% |
For 2023, First National Bank's most frequently cited loan purpose was Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 105 | $34,185,000 | $325,571 | $0 | 0.00% |
For 2023, First National Bank's most frequently cited loan duration was Other, with 105 originations.
Loan Sizing
2023 saw First National Bank place emphasis on $100,000 or less loans with 57 originations, totaling $3,065,000 in origination value.
Applicant Income
First National Bank lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 105 | $34,185,000 | $325,571 | $0 | 0.00% |
First National Bank lent most frequently to those with DTI ratios of Exempt%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.21%
First National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.95%
First National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 105 | $34,185,000 | $325,571 |