First National Bank Of Picayune Mortgage Rates, Fees & Info

Picayune, MS

LEI: 549300JHFXRY8T6LN749

Tax ID: 64-0289320

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First National Bank Of Picayune is a smaller bank specializing in Cash Out Refi and Home Purchase loans. First National Bank Of Picayune has a high proportion of conventional loans. Their top markets by origination volume include: Picayune, Gulfport, and Hattiesburg among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First National Bank Of Picayune has an 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

    102

    Origination Dollar Volume (All Markets)

    $11,660,000

    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
    Picayune, MS (FHA|USDA|VA) 78 $9,720,000 $124,615 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 22 $1,720,000 $78,182 $0 0.00%
    HATTIESBURG, MS (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
    First National Bank Of Picayune's top markets include Picayune, Gulfport, and Hattiesburg among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $11,660,000 $114,314 $0 0.00%

    For 2022, First National Bank Of Picayune's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 38 $4,250,000 $111,842 $0 0.00%
    Home Purchase 37 $4,485,000 $121,216 $0 0.00%
    Refi 16 $2,320,000 $145,000 $0 0.00%
    Other 9 $215,000 $23,889 $0 0.00%
    Home Improvement 2 $390,000 $195,000 $0 0.00%

    For 2022, First National Bank Of Picayune's most frequently cited loan purpose was Cash Out Refi, with 38 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 102 $11,660,000 $114,314 $0 0.00%

    For 2022, First National Bank Of Picayune's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 56 $2,810,000 $50,179 $0 0.00%
    $100k-200k 27 $3,975,000 $147,222 $0 0.00%
    $200k-400k 19 $4,875,000 $256,579 $0 0.00%

    2022 saw First National Bank Of Picayune place emphasis on $100,000 or less loans with 56 originations, totaling $2,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 34 $3,630,000 $106,765 $0 0.00%
    $50k or less 32 $1,940,000 $60,625 $0 0.00%
    $75k-100k 14 $2,240,000 $160,000 $0 0.00%
    $100k-150k 13 $2,035,000 $156,538 $0 0.00%
    $150k-250k 6 $1,280,000 $213,333 $0 0.00%
    $250k+ 1 $175,000 $175,000 $0 0.00%

    First National Bank Of Picayune lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $50k or less, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $11,660,000 $114,314 $0 0.00%

    First National Bank Of Picayune lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $10,795,000 $113,632 $0 0.00%
    Black 5 $505,000 $101,000 $0 0.00%
    Not applicable 2 $360,000 $180,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.24%

    First National Bank Of Picayune has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.35%

    First National Bank Of Picayune has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 102 $11,660,000 $114,314

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    102 $11,660,000 $114,314

    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%