First Community Mortgage Rates, Fees & Info

Coquille, OR

LEI: 549300L44U62O7WHRR78

Tax ID: 93-0468003

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 Community is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. First Community has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Coos Bay, Grants Pass, Roseburg, and Hermiston among others. We have data for 21 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 a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.32% 5/4/24
    30 Year Conventional Refi 6.16% 5/4/24
    30 Year Cash-out Refi 6.38% 5/4/24
    15 Year Conventional Purchase 5.16% 5/4/24
    15 Year Conventional Refi 5.61% 5/4/24
    15 Year Cash-out Refi 5.61% 5/4/24
    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 Community Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Community. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    585

    Origination Dollar Volume (All Markets)

    $95,575,000
    Show all (5) awards

    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
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 121 $22,485,000 $185,826 $4,402 4.54%
    Coos Bay, OR (FHA|USDA|VA) 87 $13,805,000 $158,678 $3,745 4.51%
    GRANTS PASS, OR (FHA|USDA|VA) 80 $11,070,000 $138,375 $4,730 4.49%
    Roseburg, OR (FHA|USDA|VA) 69 $10,665,000 $154,565 $4,086 4.57%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 61 $7,315,000 $119,918 $3,779 4.55%
    SALEM, OR (FHA|USDA|VA) 39 $5,885,000 $150,897 $3,392 4.70%
    MEDFORD, OR (FHA|USDA|VA) 34 $5,850,000 $172,059 $4,132 4.51%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 21 $4,745,000 $225,952 $4,694 4.49%
    Klamath Falls, OR (FHA|USDA|VA) 27 $4,165,000 $154,259 $4,032 4.69%
    BEND, OR (FHA|USDA|VA) 14 $2,780,000 $198,571 $5,177 4.35%
    The Dalles, OR (FHA|USDA|VA) 9 $1,725,000 $191,667 $4,712 4.46%
    Outside of Metro Areas 8 $1,670,000 $208,750 $5,331 4.56%
    Brookings, OR (FHA|USDA|VA) 4 $970,000 $242,500 $3,357 3.91%
    Newport, OR (FHA|USDA|VA) 3 $545,000 $181,667 $3,759 4.42%
    Centralia, WA (FHA|USDA|VA) 2 $450,000 $225,000 $3,461 4.38%
    Hood River, OR (FHA|USDA|VA) 1 $315,000 $315,000 $6,374 4.38%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $315,000 $315,000 $3,657 4.50%
    CORVALLIS, OR (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.38%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $295,000 $295,000 $3,985 5.13%
    BOISE CITY, ID (FHA|USDA|VA) 1 $145,000 $145,000 $4,420 4.13%
    Astoria, OR (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
    First Community's top markets include Portland, Coos Bay, Grants Pass, Roseburg, and Hermiston among others.

    Their top states include:
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)

    • Similar Lenders

    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.

    People's Community Federal Credit Union
    Similarity Rank: 33
    SELCO COMMUNITY
    Similarity Rank: 221
    GESA
    Similarity Rank: 336
    Yakima Federal Savings and Loan Association
    Similarity Rank: 360
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 378
    MYCUMORTGAGE, LLC
    Similarity Rank: 552
    CASTPARTS EMPLOYEES
    Similarity Rank: 900
    ROGUE
    Similarity Rank: 912
    OREGON COMMUNITY
    Similarity Rank: 1273
    Clackamas Federal Credit Union
    Similarity Rank: 1298

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 321 $38,335,000 $119,424 n/a 4.53%
    Conventional 264 $57,240,000 $216,818 $4,133 4.54%

    For 2018, First Community's most frequently originated type of loan was HELOC, with 321 originations. Their 2nd most popular type was Conventional, with 264 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 175 $39,095,000 $223,400 $4,185 4.60%
    Cash Out Refi 125 $20,275,000 $162,200 $3,998 4.25%
    Refi 115 $19,825,000 $172,391 $4,005 4.12%
    Home Improvement 96 $7,060,000 $73,542 $4,440 4.96%
    Other 74 $9,320,000 $125,946 $4,052 4.97%

    For 2018, First Community's most frequently cited loan purpose was Home Purchase, with 175 originations. The 2nd most popular reason was Cash Out Refi, with 125 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 329 $39,745,000 $120,805 $4,671 4.54%
    30 Year 195 $44,775,000 $229,615 $4,232 4.63%
    15 Year 37 $7,105,000 $192,027 $3,738 4.05%
    20 Year 22 $3,840,000 $174,545 $3,936 4.49%
    10 Year 2 $110,000 $55,000 $3,013 4.38%

    For 2018, First Community's most frequently cited loan duration was Other, with 329 originations. The 2nd most popular length was 30 Year, with 195 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 157 $34,015,000 $216,656
    $1k-2k 36 $5,050,000 $140,278
    $2k-3k 36 $7,570,000 $210,278
    $3k-4k 19 $5,605,000 $295,000
    $4k-5k 5 $1,735,000 $347,000
    $5k+ 4 $2,050,000 $512,500

    First Community's average total fees were $4,232, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 157 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 324 $58,180,000 $179,568
    5-6% 109 $10,895,000 $99,954
    3-4% 79 $16,485,000 $208,671
    2.5-3% 56 $8,570,000 $153,036
    6-7% 17 $1,445,000 $85,000

    During 2018, First Community's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 324 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 199 $10,695,000 $53,744 $3,059 4.79%
    $100k-200k 189 $27,505,000 $145,529 $3,644 4.46%
    $200k-400k 182 $49,450,000 $271,703 $4,557 4.35%
    $400k-600k 13 $6,035,000 $464,231 $5,470 4.36%
    $600k-1MM 2 $1,890,000 $945,000 $16,956 4.56%

    2018 saw First Community place emphasis on $100,000 or less loans with 199 originations, totaling $10,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 141 $28,395,000 $201,383 $4,328 4.55%
    $50k-75k 138 $18,690,000 $135,435 $3,787 4.48%
    $75k-100k 117 $18,385,000 $157,137 $4,265 4.53%
    $50k or less 104 $10,210,000 $98,173 $3,704 4.51%
    $150k-250k 65 $13,785,000 $212,077 $4,225 4.67%
    $250k+ 16 $5,420,000 $338,750 $6,263 4.36%

    First Community lent most frequently to those with incomes in the $100k-150k range, with 141 originations. The second most popular income band? $50k-75k, with 138 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 157 $24,715,000 $157,420 $3,943 4.56%
    <20% 145 $16,745,000 $115,483 $3,184 4.31%
    30-36% 110 $19,700,000 $179,091 $4,406 4.59%
    39% 22 $3,820,000 $173,636 $3,786 4.94%
    41% 17 $2,615,000 $153,824 $4,555 4.34%
    37% 14 $2,250,000 $160,714 $3,621 4.26%
    38% 14 $2,000,000 $142,857 $5,414 4.89%
    48% 13 $3,805,000 $292,692 $4,211 4.49%
    43% 13 $2,185,000 $168,077 $4,446 4.79%
    47% 12 $3,050,000 $254,167 $4,566 4.67%
    45% 12 $2,700,000 $225,000 $4,108 4.58%
    40% 11 $2,315,000 $210,455 $3,652 4.74%
    44% 10 $2,000,000 $200,000 $4,097 4.84%
    42% 8 $1,330,000 $166,250 $4,953 4.52%
    36% 8 $1,690,000 $211,250 $4,454 4.95%
    49% 7 $1,725,000 $246,429 $3,993 4.55%
    >60% 3 $915,000 $305,000 $3,596 4.08%
    46% 2 $320,000 $160,000 $5,780 4.69%
    50-60% 2 $880,000 $440,000 $3,742 4.69%

    First Community lent most frequently to those with DTI ratios of 20-30%, with 157 originations. The next most common DTI ratio? <20%, with 145 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 553 $89,725,000 $162,251 $4,050 4.53%
    Not provided 10 $2,530,000 $253,000 $5,360 4.53%
    Asian 10 $1,530,000 $153,000 $5,442 4.50%
    American Indian 5 $655,000 $131,000 $4,036 4.73%
    Not applicable 3 $515,000 $171,667 $0 5.25%
    Samoan 1 $255,000 $255,000 $0 5.63%
    Asian Indian 1 $205,000 $205,000 $0 5.25%
    Guamanian 1 $145,000 $145,000 $0 5.25%
    Other Asian 1 $15,000 $15,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    83.36%

    First Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    29.06%

    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
    NA 585 $95,575,000 $163,376

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $300,000 $150,000
    Single Family (1-4 Units):Manufactured 22 $3,340,000 $151,818
    Single Family (1-4 Units):Site-Built 561 $91,935,000 $163,877

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $8,930,000 $99,222 $3,154 4.48%
    40-60% 121 $19,905,000 $164,504 $4,040 4.16%
    60-80% 174 $39,450,000 $226,724 $4,258 4.52%
    80-100% 93 $22,985,000 $247,151 $4,201 4.55%
    Under 20% 104 $3,990,000 $38,365 $0 5.02%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Closing on a mortgage 1 33.3%
    FIRST COMMUNITY MORTGAGE, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Trouble during payment process 1 33.3%