First Community Bank Of Tennessee Mortgage Rates, Fees & Info
Shelbyville, TNLEI: 549300JRILZK0V54TR93
Tax ID: 62-1333150
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Mortgage Data
Review & Overview
First Community Bank Of Tennessee is a smaller bank specializing in Home Purchase loans. First Community Bank Of Tennessee has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Shelbyville, and Tullahoma among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Community Bank Of Tennessee 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
39Origination Dollar Volume (All Markets)
$10,295,000Top 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 |
---|---|---|---|---|---|
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 17 | $7,195,000 | $423,235 | $0 | 0.00% |
Shelbyville, TN (FHA|USDA|VA) | 17 | $1,745,000 | $102,647 | $0 | 0.00% |
Tullahoma-Manchester, TN (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $0 | 0.00% |
Outside of Metro Areas | 1 | $295,000 | $295,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 39 | $10,295,000 | $263,974 | $0 | 0.00% |
For 2019, First Community Bank Of Tennessee's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 29 | $8,165,000 | $281,552 | $0 | 0.00% |
Refi | 8 | $1,960,000 | $245,000 | $0 | 0.00% |
Home Improvement | 2 | $170,000 | $85,000 | $0 | 0.00% |
For 2019, First Community Bank Of Tennessee's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 39 | $10,295,000 | $263,974 | $0 | 0.00% |
For 2019, First Community Bank Of Tennessee's most frequently cited loan duration was Other, with 39 originations.
Loan Sizing
2019 saw First Community Bank Of Tennessee place emphasis on $100,000 or less loans with 14 originations, totaling $820,000 in origination value.
Applicant Income
First Community Bank Of Tennessee lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 39 | $10,295,000 | $263,974 | $0 | 0.00% |
First Community Bank Of Tennessee lent most frequently to those with DTI ratios of Exempt%, with 39 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 34 | $5,410,000 | $159,118 | $0 | 0.00% |
Not applicable | 5 | $4,885,000 | $977,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.48%
First Community Bank Of Tennessee has an average approval rate.
Pick Rate
Approvals leading to origination89.74%
First Community Bank Of Tennessee has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 39 | $10,295,000 | $263,974 |
Occupancy Type Mix
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
FIRST COMMUNITY MORTGAGE, INC. | VA mortgage | Closing on a mortgage | 1 | 50.0% |
FIRST COMMUNITY MORTGAGE, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |