First Community Mortgage Rates, Fees & Info
Coquille, ORLEI: 549300L44U62O7WHRR78
Tax ID: 93-0468003
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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
676Origination Dollar Volume (All Markets)
$167,390,000FIRST COMMUNITY - 2021
FIRST COMMUNITY is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for FIRST COMMUNITY?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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% |
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.
Similarity Rank: 86
Similarity Rank: 249
Similarity Rank: 660
Similarity Rank: 748
Similarity Rank: 1010
Similarity Rank: 1065
Similarity Rank: 1100
Similarity Rank: 1218
Similarity Rank: 1333
Similarity Rank: 1406
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
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
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
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
2021 saw First Community place emphasis on $200k-400k loans with 297 originations, totaling $81,715,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.77%
First Community has an average approval rate.
Pick Rate
Approvals leading to origination38.02%
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 |
LTV Distribution
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% |