First State Bank Mortgage Rates, Fees & Info
Athens, TXLEI: 549300KOEN7O8EYN8207
Tax ID: 75-0264230
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First State Bank is a smaller bank specializing in Home Purchase loans. First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Athens, Corsicana, Dallas, Tyler, and Riverside among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank 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
91Origination Dollar Volume (All Markets)
$25,355,000Top 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 |
|---|---|---|---|---|---|
| Athens, TX (FHA|USDA|VA) | 52 | $11,820,000 | $227,308 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 15 | $4,925,000 | $328,333 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $3,840,000 | $480,000 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,485,000 | $297,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Palestine, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $25,355,000 | $278,626 | $0 | 0.00% |
For 2024, First State Bank's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
For 2024, First State Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Other, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 91 | $25,355,000 | $278,626 | $0 | 0.00% |
For 2024, First State Bank's most frequently cited loan duration was Other, with 91 originations.
Loan Sizing
2024 saw First State Bank place emphasis on $200k-400k loans with 27 originations, totaling $7,215,000 in origination value.
Applicant Income
First State Bank lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 91 | $25,355,000 | $278,626 | $0 | 0.00% |
First State Bank lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.93%
First State Bank has an average approval rate.
Pick Rate
Approvals leading to origination62.64%
First State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 91 | $25,355,000 | $278,626 |