First Bank & Trust Mortgage Rates, Fees & Info
Lubbock, TXLEI: 549300JS5JD63G4G8809
Tax ID: 75-0264392
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Mortgage Data
Review & Overview
First Bank & Trust is a smaller bank specializing in Home Purchase loans. First Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lubbock, Dallas, Abilene, Midland, and Wichita Falls among others. We have data for 68 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank & Trust 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. First Bank & Trust is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.84% | 11/21/24 |
| 30 Year Conventional Refi | 6.65% | 11/21/24 |
| 30 Year Cash-out Refi | 6.84% | 11/21/24 |
| 30 Year FHA Purchase | 7.69% | 11/21/24 |
| 30 Year FHA Refi | 7.36% | 11/21/24 |
| 30 Year VA Purchase | 6.46% | 11/21/24 |
| 30 Year VA Refi | 6.15% | 11/21/24 |
| 30 Year USDA Purchase | 7.18% | 11/21/24 |
| 15 Year Conventional Purchase | 6.39% | 11/21/24 |
| 15 Year Conventional Refi | 6.10% | 11/21/24 |
| 15 Year Cash-out Refi | 6.10% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Bank & Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,245Origination Dollar Volume (All Markets)
$338,875,000Awards
First Bank & Trust - 2022
First Bank & Trust is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| LUBBOCK, TX (FHA|USDA|VA) | 565 | $140,335,000 | $248,381 | $6,490 | 5.05% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 148 | $49,580,000 | $335,000 | $7,171 | 4.93% |
| ABILENE, TX (FHA|USDA|VA) | 18 | $30,710,000 | $1,706,111 | $5,528 | 5.81% |
| MIDLAND, TX (FHA|USDA|VA) | 82 | $25,110,000 | $306,220 | $9,139 | 5.07% |
| Outside of Metro Areas | 86 | $15,450,000 | $179,651 | $5,439 | 5.02% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 82 | $13,820,000 | $168,537 | $4,800 | 4.93% |
| Levelland, TX (FHA|USDA|VA) | 32 | $5,930,000 | $185,313 | $5,146 | 4.83% |
| Pampa, TX (FHA|USDA|VA) | 32 | $5,110,000 | $159,688 | $1,990 | 5.65% |
| ODESSA, TX (FHA|USDA|VA) | 22 | $5,070,000 | $230,455 | $9,241 | 5.32% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 17 | $4,715,000 | $277,353 | $4,297 | 4.83% |
| Snyder, TX (FHA|USDA|VA) | 37 | $4,535,000 | $122,568 | $4,754 | 5.65% |
| SANTA FE, NM (FHA|USDA|VA) | 7 | $2,715,000 | $387,857 | $5,095 | 3.91% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $2,485,000 | $2,485,000 | $0 | 3.63% |
| Ruidoso, NM (FHA|USDA|VA) | 4 | $1,950,000 | $487,500 | $9,530 | 4.73% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $1,860,000 | $930,000 | $0 | 5.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,800,000 | $450,000 | $5,607 | 5.13% |
| Mineral Wells, TX (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $8,586 | 4.31% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $15,249 | 4.67% |
| Granbury, TX (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $9,296 | 4.35% |
| Plainview, TX (FHA|USDA|VA) | 9 | $1,485,000 | $165,000 | $5,288 | 5.35% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $4,243 | 4.69% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $5,528 | 5.52% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,235,000 | $247,000 | $4,628 | 4.08% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $5,838 | 4.92% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $7,181 | 6.38% |
| Lamesa, TX (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $7,034 | 5.31% |
| Andrews, TX (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $11,076 | 4.46% |
| Los Alamos, NM (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $7,025 | 3.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $13,840 | 6.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $8,270 | 5.42% |
| AMARILLO, TX (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $4,455 | 4.78% |
| Weatherford, OK (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $11,020 | 5.25% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $5,918 | 5.63% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,667 | 5.75% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,229 | 4.50% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,011 | 5.88% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 5.00% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $16,576 | 4.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,959 | 5.38% |
| Edwards, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,607 | 3.50% |
| Sweetwater, TX (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $6,294 | 6.49% |
| Clovis, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,213 | 5.00% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,668 | 4.69% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,004 | 2.88% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,026 | 5.19% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,393 | 5.50% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,611 | 5.13% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,536 | 5.50% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,874 | 4.13% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,704 | 2.38% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,210 | 3.25% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,684 | 5.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,960 | 5.63% |
| Brenham, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,432 | 3.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,024 | 5.25% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.50% |
| Big Spring, TX (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 4.31% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,277 | 5.75% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,473 | 3.38% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,378 | 4.88% |
| Borger, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,951 | 6.38% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,119 | 6.88% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,696 | 5.50% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,370 | 5.38% |
| Bonham, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,335 | 4.75% |
| Las Vegas, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,506 | 5.38% |
| Portales, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,027 | 4.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, First Bank & Trust's most frequently originated type of loan was Conventional, with 1,004 originations. Their 2nd most popular type was FHA, with 198 originations.
Loan Reason
For 2022, First Bank & Trust's most frequently cited loan purpose was Home Purchase, with 962 originations. The 2nd most popular reason was Refi, with 120 originations.
Loan Duration/Length
For 2022, First Bank & Trust's most frequently cited loan duration was 30 Year, with 874 originations. The 2nd most popular length was 15 Year, with 148 originations.
Origination Fees/Closing Costs
First Bank & Trust's average total fees were $6,849, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 449 originations.
Interest Rates
During 2022, First Bank & Trust's average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 5-6%, with 390 originations.
Loan Sizing
2022 saw First Bank & Trust place emphasis on $200k-400k loans with 435 originations, totaling $123,545,000 in origination value.
Applicant Income
First Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 284 originations. The second most popular income band? $50k-75k, with 227 originations.
Applicant Debt to Income Ratio
First Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 175 originations. The next most common DTI ratio? 20-30%, with 160 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.48%
First Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination71.65%
First Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,245 | $338,875,000 | $272,189 |
LTV Distribution
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% |