First National Bank Of Picayune Mortgage Rates, Fees & Info
Picayune, MSLEI: 549300JHFXRY8T6LN749
Tax ID: 64-0289320
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Mortgage Data
Review & Overview
First National Bank Of Picayune is a smaller bank specializing in Home Purchase loans. First National Bank Of Picayune has a high proportion of conventional loans. Their top markets by origination volume include: Picayune, Gulfport, Hattiesburg, Sevierville, and New Orleans among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Of Picayune 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
127Origination Dollar Volume (All Markets)
$16,115,000Top 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 |
|---|---|---|---|---|---|
| Picayune, MS (FHA|USDA|VA) | 101 | $13,245,000 | $131,139 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 18 | $1,480,000 | $82,222 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 127 | $16,115,000 | $126,890 | $0 | 0.00% |
For 2023, First National Bank Of Picayune's most frequently originated type of loan was Conventional, with 127 originations.
Loan Reason
For 2023, First National Bank Of Picayune's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 127 | $16,115,000 | $126,890 | $0 | 0.00% |
For 2023, First National Bank Of Picayune's most frequently cited loan duration was Other, with 127 originations.
Loan Sizing
2023 saw First National Bank Of Picayune place emphasis on $100,000 or less loans with 68 originations, totaling $3,210,000 in origination value.
Applicant Income
First National Bank Of Picayune lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $100k-150k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 127 | $16,115,000 | $126,890 | $0 | 0.00% |
First National Bank Of Picayune lent most frequently to those with DTI ratios of Exempt%, with 127 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.16%
First National Bank Of Picayune has an average approval rate.
Pick Rate
Approvals leading to origination88.98%
First National Bank Of Picayune has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 127 | $16,115,000 | $126,890 |