First Community Mortgage Rates, Fees & Info

Coquille, OR

LEI: 549300L44U62O7WHRR78

Tax ID: 93-0468003

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Mortgage Data

Review & Overview

First 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 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

676

Origination Dollar Volume (All Markets)

$167,390,000
Show all (10) 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
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%
First Community's top markets include Coos Bay, Portland, Grants Pass, Hermiston, and Bend 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.

    CASTPARTS EMPLOYEES
    Similarity Rank: 660
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    CENTRAL WILLAMETTE Credit Union
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    Bank of the Pacific
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    GESA
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 676 $167,390,000 $247,618 $3,445 3.01%

    For 2021, First Community's most frequently originated type of loan was Conventional, with 676 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 264 $55,660,000 $210,833 $3,078 2.87%
    Cash Out Refi 255 $60,185,000 $236,020 $3,434 3.04%
    Home Purchase 156 $51,210,000 $328,269 $4,098 3.21%
    Home Improvement 1 $335,000 $335,000 $3,405 3.00%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 382 $104,300,000 $273,037 $3,580 3.19%
    15 Year 156 $30,680,000 $196,667 $3,100 2.55%
    20 Year 98 $20,560,000 $209,796 $3,217 2.96%
    10 Year 19 $3,195,000 $168,158 $2,807 2.41%
    Other 12 $4,910,000 $409,167 $4,031 3.70%
    30+ year 8 $3,540,000 $442,500 $7,949 4.42%
    1 Year 1 $205,000 $205,000 $0 4.75%

    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
    $<1k 622 $147,760,000 $237,556
    $1k-2k 22 $6,350,000 $288,636
    $2k-3k 9 $2,165,000 $240,556
    $3k-4k 6 $1,920,000 $320,000
    $5k+ 5 $2,945,000 $589,000
    $4k-5k 4 $1,700,000 $425,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 282 $69,740,000 $247,305
    3-4% 245 $66,875,000 $272,959
    <2.5% 132 $25,130,000 $190,379
    4-5% 17 $5,645,000 $332,059

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 297 $81,715,000 $275,135 $3,621 3.05%
    $100k-200k 252 $38,380,000 $152,302 $2,929 2.93%
    $400k-600k 71 $33,425,000 $470,775 $4,520 3.21%
    $100,000 or less 47 $3,475,000 $73,936 $2,891 2.82%
    $1MM+ 5 $7,345,000 $1,469,000 $9,466 3.60%
    $600k-1MM 4 $3,050,000 $762,500 $5,079 3.75%

    2021 saw First Community place emphasis on $200k-400k loans with 297 originations, totaling $81,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 175 $46,855,000 $267,743 $3,525 3.00%
    $50k-75k 163 $31,525,000 $193,405 $3,209 2.96%
    $75k-100k 127 $31,315,000 $246,575 $3,415 3.01%
    $50k or less 95 $13,185,000 $138,789 $3,009 3.00%
    $150k-250k 66 $21,620,000 $327,576 $3,864 3.00%
    $250k+ 41 $18,215,000 $444,268 $4,487 3.20%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 191 $48,255,000 $252,644 $3,525 2.95%
    30-36% 139 $34,975,000 $251,619 $3,505 3.01%
    <20% 102 $22,510,000 $220,686 $3,268 3.01%
    39% 25 $6,265,000 $250,600 $3,452 3.20%
    40% 24 $6,760,000 $281,667 $3,755 3.19%
    36% 23 $5,705,000 $248,043 $3,359 2.91%
    43% 21 $4,565,000 $217,381 $3,114 2.91%
    38% 20 $5,070,000 $253,500 $3,493 3.00%
    44% 19 $3,535,000 $186,053 $3,395 3.12%
    37% 19 $3,905,000 $205,526 $3,119 2.98%
    42% 18 $5,420,000 $301,111 $3,427 3.08%
    46% 16 $4,010,000 $250,625 $3,584 2.98%
    41% 12 $2,460,000 $205,000 $3,419 2.97%
    47% 10 $2,850,000 $285,000 $3,817 3.03%
    48% 9 $2,325,000 $258,333 $3,417 2.96%
    45% 9 $1,955,000 $217,222 $3,197 2.79%
    49% 4 $940,000 $235,000 $3,674 3.22%
    50-60% 4 $800,000 $200,000 $3,575 3.25%
    >60% 2 $410,000 $205,000 $2,774 3.38%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 634 $154,460,000 $243,628 $3,439 3.01%
    Not provided 18 $4,940,000 $274,444 $3,851 3.01%
    Not applicable 7 $4,395,000 $627,857 $0 3.91%
    American Indian 8 $1,430,000 $178,750 $3,339 3.00%
    Asian 4 $910,000 $227,500 $3,254 2.66%
    Black 2 $710,000 $355,000 $3,993 3.19%
    Native Hawaiian or Islander 2 $340,000 $170,000 $2,156 2.69%
    Other Pacific Islander 1 $205,000 $205,000 $3,121 3.38%

    Approval Rates

    Total approvals of all applications
    85.77%

    First Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    38.02%

    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 676 $167,390,000 $247,618

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    676 $167,390,000 $247,618

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 70 $9,070,000 $129,571 $2,913 2.74%
    40-60% 226 $47,930,000 $212,080 $3,228 2.91%
    60-80% 281 $79,315,000 $282,260 $3,580 3.11%
    80-100% 92 $30,420,000 $330,652 $4,011 3.18%
    Under 20% 7 $655,000 $93,571 $2,963 2.73%

    Complaints

    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%