First Bank Of Alabama Mortgage Rates, Fees & Info
Talladega, ALLEI: 549300IXTSQB6QVVI060
Tax ID: 63-0108746
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Bank Of Alabama is a smaller bank specializing in Home Purchase loans. First Bank Of Alabama has a high proportion of conventional loans. Their top markets by origination volume include: Tuscaloosa, Anniston, Birmingham, Talladega, and Key West among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank Of Alabama has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
158Origination Dollar Volume (All Markets)
$44,090,000Top 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 |
|---|---|---|---|---|---|
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $14,985,000 | $4,995,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 29 | $7,655,000 | $263,966 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 28 | $6,960,000 | $248,571 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 46 | $5,480,000 | $119,130 | $0 | 0.00% |
| Outside of Metro Areas | 38 | $4,770,000 | $125,526 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 158 | $44,090,000 | $279,051 | $0 | 0.00% |
For 2021, First Bank Of Alabama's most frequently originated type of loan was Conventional, with 158 originations.
Loan Reason
For 2021, First Bank Of Alabama's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 158 | $44,090,000 | $279,051 | $0 | 0.00% |
For 2021, First Bank Of Alabama's most frequently cited loan duration was Other, with 158 originations.
Loan Sizing
2021 saw First Bank Of Alabama place emphasis on $100,000 or less loans with 77 originations, totaling $4,055,000 in origination value.
Applicant Income
First Bank Of Alabama lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $50k-75k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 158 | $44,090,000 | $279,051 | $0 | 0.00% |
First Bank Of Alabama lent most frequently to those with DTI ratios of Exempt%, with 158 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.76%
First Bank Of Alabama has an average approval rate.
Pick Rate
Approvals leading to origination94.30%
First Bank Of Alabama has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 158 | $44,090,000 | $279,051 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | Other type of mortgage | Struggling to pay mortgage | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | FHA mortgage | Improper use of your report | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |