First National Bank Mortgage Rates, Fees & Info
Ruston, LALEI: 549300IFU5D50EZHEU18
Tax ID: 72-0185280
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First National Bank is a smaller bank specializing in Refi loans. First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Monroe, Austin, Baton Rouge, Ruston, and Natchitoches among others. We have data for 10 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
114Origination Dollar Volume (All Markets)
$20,460,000Top 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 |
|---|---|---|---|---|---|
| MONROE, LA (FHA|USDA|VA) | 53 | $4,835,000 | $91,226 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $4,240,000 | $2,120,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 11 | $4,095,000 | $372,273 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 30 | $3,410,000 | $113,667 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $1,475,000 | $1,475,000 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $980,000 | $81,667 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $20,460,000 | $179,474 | $0 | 0.00% |
For 2024, First National Bank's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 91 | $16,565,000 | $182,033 | $0 | 0.00% |
| Home Purchase | 19 | $3,715,000 | $195,526 | $0 | 0.00% |
| Home Improvement | 4 | $180,000 | $45,000 | $0 | 0.00% |
For 2024, First National Bank's most frequently cited loan purpose was Refi, with 91 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 114 | $20,460,000 | $179,474 | $0 | 0.00% |
For 2024, First National Bank's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2024 saw First National Bank place emphasis on $100,000 or less loans with 69 originations, totaling $3,615,000 in origination value.
Applicant Income
First National Bank lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $75k-100k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $20,460,000 | $179,474 | $0 | 0.00% |
First National Bank lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.53%
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 origination82.46%
First National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 114 | $20,460,000 | $179,474 |