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

Jump to:

  • 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 Refi and Home Purchase loans. First Community has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Coos Bay, Grants Pass, Hermiston, and Roseburg among others. We have data for 24 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% 11/22/24
    30 Year Conventional Refi 6.16% 11/22/24
    30 Year Cash-out Refi 6.38% 11/22/24
    15 Year Conventional Purchase 5.16% 11/22/24
    15 Year Conventional Refi 5.61% 11/22/24
    15 Year Cash-out Refi 5.61% 11/22/24
    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

    950

    Origination Dollar Volume (All Markets)

    $176,870,000
    Show all (21) 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) 191 $42,065,000 $220,236 $3,488 4.35%
    Coos Bay, OR (FHA|USDA|VA) 170 $29,660,000 $174,471 $3,441 4.35%
    GRANTS PASS, OR (FHA|USDA|VA) 93 $16,075,000 $172,849 $3,586 4.39%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 109 $15,635,000 $143,440 $3,334 4.56%
    Roseburg, OR (FHA|USDA|VA) 81 $14,285,000 $176,358 $3,357 4.26%
    MEDFORD, OR (FHA|USDA|VA) 59 $12,015,000 $203,644 $3,452 4.38%
    Klamath Falls, OR (FHA|USDA|VA) 58 $10,320,000 $177,931 $3,286 4.23%
    BEND, OR (FHA|USDA|VA) 41 $9,235,000 $225,244 $3,444 4.42%
    SALEM, OR (FHA|USDA|VA) 46 $7,880,000 $171,304 $3,136 4.62%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 47 $7,615,000 $162,021 $3,045 4.44%
    Outside of Metro Areas 13 $2,865,000 $220,385 $5,189 4.15%
    Astoria, OR (FHA|USDA|VA) 3 $1,555,000 $518,333 $4,180 4.50%
    Brookings, OR (FHA|USDA|VA) 7 $1,485,000 $212,143 $4,046 4.16%
    Prineville, OR (FHA|USDA|VA) 7 $1,115,000 $159,286 $2,974 4.50%
    WALLA WALLA, WA (FHA|USDA|VA) 4 $950,000 $237,500 $2,575 3.72%
    CORVALLIS, OR (FHA|USDA|VA) 3 $785,000 $261,667 $3,158 3.58%
    The Dalles, OR (FHA|USDA|VA) 5 $645,000 $129,000 $3,284 4.45%
    Newport, OR (FHA|USDA|VA) 4 $640,000 $160,000 $3,652 4.06%
    La Grande, OR (FHA|USDA|VA) 3 $615,000 $205,000 $3,533 4.21%
    Hood River, OR (FHA|USDA|VA) 2 $470,000 $235,000 $4,648 4.88%
    Centralia, WA (FHA|USDA|VA) 1 $395,000 $395,000 $3,093 3.88%
    BOISE CITY, ID (FHA|USDA|VA) 1 $225,000 $225,000 $2,733 3.63%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $205,000 $205,000 $2,856 3.00%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $135,000 $135,000 $3,312 3.38%
    First Community's top markets include Portland, Coos Bay, Grants Pass, Hermiston, and Roseburg among others.

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

    SELCO COMMUNITY
    Similarity Rank: 340
    Citizens Bank
    Similarity Rank: 390
    GESA
    Similarity Rank: 406
    Yakima Federal Savings and Loan Association
    Similarity Rank: 414
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 420
    People's Bank of Commerce
    Similarity Rank: 473
    INROADS
    Similarity Rank: 549
    iQ Credit Union
    Similarity Rank: 851
    Clackamas Federal Credit Union
    Similarity Rank: 918
    OREGONIANS CREDIT UNION
    Similarity Rank: 948

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 671 $154,815,000 $230,723 $3,428 3.77%
    HELOC 279 $22,055,000 $79,050 n/a 5.82%

    For 2019, First Community's most frequently originated type of loan was Conventional, with 671 originations. Their 2nd most popular type was HELOC, with 279 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 297 $63,795,000 $214,798 $3,273 3.69%
    Home Purchase 275 $63,955,000 $232,564 $3,579 4.01%
    Cash Out Refi 145 $26,855,000 $185,207 $3,459 4.64%
    Home Improvement 134 $9,280,000 $69,254 $3,648 5.78%
    Other 99 $12,985,000 $131,162 $3,451 5.13%

    For 2019, First Community's most frequently cited loan purpose was Refi, with 297 originations. The 2nd most popular reason was Home Purchase, with 275 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 445 $109,445,000 $245,944 $3,509 3.95%
    Other 289 $25,535,000 $88,356 $3,737 5.78%
    15 Year 158 $30,570,000 $193,481 $3,246 3.20%
    20 Year 55 $10,655,000 $193,727 $3,275 3.83%
    10 Year 3 $665,000 $221,667 $3,774 2.92%

    For 2019, First Community's most frequently cited loan duration was 30 Year, with 445 originations. The 2nd most popular length was Other, with 289 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 544 $120,570,000 $221,636
    $1k-2k 46 $11,730,000 $255,000
    $2k-3k 16 $3,830,000 $239,375
    $4k-5k 7 $2,045,000 $292,143
    $3k-4k 4 $1,190,000 $297,500
    $5k+ 4 $2,300,000 $575,000

    First Community's average total fees were $3,509, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 544 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 399 $92,885,000 $232,794
    4-5% 204 $43,720,000 $214,314
    5-6% 175 $18,945,000 $108,257
    2.5-3% 85 $17,245,000 $202,882
    6-7% 78 $3,780,000 $48,462
    7-8% 9 $295,000 $32,778

    During 2019, First Community's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 399 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 339 $90,755,000 $267,714 $3,500 3.88%
    $100k-200k 298 $45,020,000 $151,074 $3,199 3.98%
    $100,000 or less 257 $13,335,000 $51,887 $2,676 5.58%
    $400k-600k 48 $21,660,000 $451,250 $4,230 3.79%
    $600k-1MM 7 $4,955,000 $707,857 $9,469 4.88%
    $1MM+ 1 $1,145,000 $1,145,000 $11,660 5.00%

    2019 saw First Community place emphasis on $200k-400k loans with 339 originations, totaling $90,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 260 $42,130,000 $162,038 $3,234 4.36%
    $100k-150k 234 $51,100,000 $218,376 $3,546 4.36%
    $75k-100k 184 $33,760,000 $183,478 $3,367 4.29%
    $50k or less 152 $18,520,000 $121,842 $2,960 4.40%
    $150k-250k 82 $18,850,000 $229,878 $3,941 4.52%
    $250k+ 30 $9,360,000 $312,000 $5,462 4.57%

    First Community lent most frequently to those with incomes in the $50k-75k range, with 260 originations. The second most popular income band? $100k-150k, with 234 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 252 $42,040,000 $166,825 $3,531 4.51%
    30-36% 197 $35,255,000 $178,959 $3,404 4.33%
    <20% 132 $15,300,000 $115,909 $3,283 4.84%
    36% 38 $7,250,000 $190,789 $3,299 4.20%
    38% 33 $8,005,000 $242,576 $3,806 4.16%
    44% 31 $6,915,000 $223,065 $3,387 3.83%
    39% 31 $5,795,000 $186,935 $3,284 4.27%
    40% 30 $7,010,000 $233,667 $3,534 4.39%
    37% 26 $6,030,000 $231,923 $3,250 4.02%
    48% 25 $6,295,000 $251,800 $3,368 3.99%
    42% 24 $6,010,000 $250,417 $3,287 3.88%
    43% 21 $5,005,000 $238,333 $3,838 4.35%
    41% 21 $4,475,000 $213,095 $3,418 4.20%
    47% 18 $4,330,000 $240,556 $3,382 4.25%
    49% 18 $3,310,000 $183,889 $2,920 4.03%
    45% 17 $3,965,000 $233,235 $3,428 3.90%
    46% 14 $3,800,000 $271,429 $3,269 3.71%
    >60% 7 $825,000 $117,857 $3,568 5.23%
    50-60% 7 $2,105,000 $300,714 $3,872 3.88%

    First Community lent most frequently to those with DTI ratios of 20-30%, with 252 originations. The next most common DTI ratio? 30-36%, with 197 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 902 $165,780,000 $183,792 $3,434 4.39%
    Not provided 15 $3,765,000 $251,000 $3,334 3.85%
    Not applicable 7 $2,485,000 $355,000 $0 4.54%
    Asian 9 $2,005,000 $222,778 $2,883 3.67%
    Black 6 $1,160,000 $193,333 $3,906 4.08%
    American Indian 6 $780,000 $130,000 $3,215 4.35%
    Native Hawaiian or Islander 2 $400,000 $200,000 $3,112 3.88%
    Other Pacific Islander 1 $295,000 $295,000 $4,896 3.13%
    Korean 1 $105,000 $105,000 $0 5.88%
    Native Hawaiian 1 $95,000 $95,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    86.49%

    First Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    50.63%

    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 950 $176,870,000 $186,179

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $855,000 $855,000
    Multifamily:Site-Built 2 $1,330,000 $665,000
    Single Family (1-4 Units):Manufactured 49 $8,585,000 $175,204
    Single Family (1-4 Units):Site-Built 898 $166,100,000 $184,967

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 133 $14,955,000 $112,444 $3,019 4.70%
    40-60% 196 $37,280,000 $190,204 $3,306 3.93%
    60-80% 303 $76,475,000 $252,393 $3,637 3.98%
    80-100% 166 $42,020,000 $253,133 $3,362 3.91%
    Under 20% 152 $6,140,000 $40,395 $2,850 5.96%

    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%