First Community Mortgage Rates, Fees & InfoCoquille, OR
Tax ID: 93-0468003
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFirst Community is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. First Community has a high proportion of conventional loans. Their top markets by origination volume include: Coos Bay, Portland, Grants Pass, Hermiston, and Bend among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)
First Community 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. First Community 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||5.75%||3/19/23|
|30 Year Conventional Refi||4.97%||3/19/23|
|30 Year Cash-out Refi||5.58%||3/19/23|
|15 Year Conventional Purchase||5.47%||3/19/23|
|15 Year Conventional Refi||4.53%||3/19/23|
|15 Year Cash-out Refi||4.53%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$167,390,000
First Community's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.04%.
Relative Fees (Closing Costs)
First Community's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,580.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|Coos Bay, OR (FHA|USDA|VA)||148||$33,300,000||$225,000||$3,675||3.03%|
|PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)||94||$30,800,000||$327,660||$3,548||2.91%|
|GRANTS PASS, OR (FHA|USDA|VA)||69||$16,555,000||$239,928||$3,534||3.03%|
|Hermiston-Pendleton, OR (FHA|USDA|VA)||76||$13,500,000||$177,632||$2,987||2.91%|
|BEND, OR (FHA|USDA|VA)||36||$11,640,000||$323,333||$3,704||3.18%|
|Roseburg, OR (FHA|USDA|VA)||54||$10,730,000||$198,704||$3,240||2.96%|
|MEDFORD, OR (FHA|USDA|VA)||44||$10,700,000||$243,182||$3,348||3.10%|
|EUGENE-SPRINGFIELD, OR (FHA|USDA|VA)||34||$10,460,000||$307,647||$3,540||3.01%|
|SALEM, OR (FHA|USDA|VA)||30||$7,420,000||$247,333||$3,101||3.05%|
|Klamath Falls, OR (FHA|USDA|VA)||32||$6,630,000||$207,188||$3,079||2.97%|
|Outside of Metro Areas||31||$6,345,000||$204,677||$3,700||3.15%|
|WALLA WALLA, WA (FHA|USDA|VA)||5||$1,935,000||$387,000||$2,597||3.10%|
|Newport, OR (FHA|USDA|VA)||5||$1,355,000||$271,000||$3,438||2.98%|
|The Dalles, OR (FHA|USDA|VA)||6||$1,270,000||$211,667||$3,454||3.02%|
|Truckee-Grass Valley, CA (FHA|USDA|VA)||1||$1,265,000||$1,265,000||$7,002||3.88%|
|CORVALLIS, OR (FHA|USDA|VA)||4||$1,230,000||$307,500||$3,863||3.31%|
|Prineville, OR (FHA|USDA|VA)||1||$805,000||$805,000||$6,001||3.13%|
|BELLINGHAM, WA (FHA|USDA|VA)||1||$445,000||$445,000||$2,660||2.88%|
|BOISE CITY, ID (FHA|USDA|VA)||1||$305,000||$305,000||$4,183||3.00%|
|La Grande, OR (FHA|USDA|VA)||1||$235,000||$235,000||$3,417||3.13%|
|ALBANY-LEBANON, OR (FHA|USDA|VA)||1||$215,000||$215,000||$2,863||3.00%|
|Brookings, OR (FHA|USDA|VA)||1||$175,000||$175,000||$3,206||3.38%|
|Ontario, OR-ID (FHA|USDA|VA)||1||$75,000||$75,000||$2,816||3.25%|
We use machine learning to identify the top lenders compared against FIRST COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, First Community's most frequently originated type of loan was Conventional, with 676 originations.
For 2021, First Community's most frequently cited loan purpose was Refi, with 264 originations. The 2nd most popular reason was Cash Out Refi, with 255 originations.
For 2021, First Community's most frequently cited loan duration was 30 Year, with 382 originations. The 2nd most popular length was 15 Year, with 156 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
First Community's average total fees were $3,580, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 622 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, First Community's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 2.5-3%, with 282 originations.
2021 saw First Community place emphasis on $200k-400k loans with 297 originations, totaling $81,715,000 in origination value.
First Community lent most frequently to those with incomes in the $100k-150k range, with 175 originations. The second most popular income band? $50k-75k, with 163 originations.
Applicant Debt to Income Ratio
First Community lent most frequently to those with DTI ratios of 20-30%, with 191 originations. The next most common DTI ratio? 30-36%, with 139 originations.
Approval RatesTotal approvals of all applications
First Community has an average approval rate.
Pick RateApprovals leading to origination
First Community 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|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|FIRST COMMUNITY MORTGAGE, INC.||Conventional home mortgage||Struggling to pay mortgage||1||16.7%|
|FIRST COMMUNITY MORTGAGE, INC.||Conventional home mortgage||Trouble during payment process||4||66.7%|
|FIRST COMMUNITY MORTGAGE, INC.||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||1||16.7%|