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 Home Purchase and Cash Out Refi loans. First Community has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Coos Bay, Roseburg, Hermiston, and Grants Pass among others. We have data for 18 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% 12/2/24
    30 Year Conventional Refi 6.16% 12/2/24
    30 Year Cash-out Refi 6.38% 12/2/24
    15 Year Conventional Purchase 5.16% 12/2/24
    15 Year Conventional Refi 5.61% 12/2/24
    15 Year Cash-out Refi 5.61% 12/2/24
    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

    252

    Origination Dollar Volume (All Markets)

    $70,650,000
    Show all (12) 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) 32 $11,730,000 $366,563 $4,121 4.14%
    Coos Bay, OR (FHA|USDA|VA) 44 $11,480,000 $260,909 $4,184 4.09%
    Roseburg, OR (FHA|USDA|VA) 33 $8,765,000 $265,606 $3,609 3.88%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 34 $7,590,000 $223,235 $3,399 3.98%
    GRANTS PASS, OR (FHA|USDA|VA) 25 $7,295,000 $291,800 $3,431 3.87%
    BEND, OR (FHA|USDA|VA) 17 $5,145,000 $302,647 $3,668 4.01%
    Outside of Metro Areas 21 $4,495,000 $214,048 $4,000 5.04%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 9 $2,915,000 $323,889 $4,749 4.38%
    MEDFORD, OR (FHA|USDA|VA) 9 $2,855,000 $317,222 $3,742 4.15%
    Klamath Falls, OR (FHA|USDA|VA) 11 $2,825,000 $256,818 $4,214 4.23%
    SALEM, OR (FHA|USDA|VA) 6 $1,900,000 $316,667 $4,369 4.25%
    Brookings, OR (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,959 3.44%
    La Grande, OR (FHA|USDA|VA) 2 $900,000 $450,000 $8,739 3.31%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $445,000 $445,000 $3,892 4.25%
    BOISE CITY, ID (FHA|USDA|VA) 1 $405,000 $405,000 $3,986 3.13%
    Prineville, OR (FHA|USDA|VA) 1 $355,000 $355,000 $4,142 3.88%
    Newport, OR (FHA|USDA|VA) 1 $355,000 $355,000 $3,895 5.63%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $145,000 $145,000 $3,309 2.75%
    First Community's top markets include Portland, Coos Bay, Roseburg, Hermiston, and Grants Pass among others.

    Their top states include:
  • Oregon (FHA|USDA|VA)
  • (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: 10
    GESA
    Similarity Rank: 160
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 528
    Yakima Federal Savings and Loan Association
    Similarity Rank: 700
    OREGONIANS CREDIT UNION
    Similarity Rank: 880
    Wauna Federal Credit Union
    Similarity Rank: 1155
    Pacific NW Federal Credit Union
    Similarity Rank: 1781
    iQ Credit Union
    Similarity Rank: 1820
    INROADS
    Similarity Rank: 1946
    FIRST COMMUNITY
    Similarity Rank: 2124

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 252 $70,650,000 $280,357 $3,907 4.11%

    For 2022, First Community's most frequently originated type of loan was Conventional, with 252 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 121 $39,615,000 $327,397 $4,318 4.59%
    Cash Out Refi 83 $20,085,000 $241,988 $3,476 3.73%
    Refi 48 $10,950,000 $228,125 $3,608 3.53%

    For 2022, First Community's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 180 $51,890,000 $288,278 $3,852 4.37%
    15 Year 35 $7,715,000 $220,429 $3,780 3.19%
    20 Year 22 $5,070,000 $230,455 $3,365 3.53%
    30+ year 7 $3,515,000 $502,143 $8,962 4.59%
    Other 5 $1,855,000 $371,000 $3,035 4.03%
    10 Year 3 $605,000 $201,667 $2,786 2.46%

    For 2022, First Community's most frequently cited loan duration was 30 Year, with 180 originations. The 2nd most popular length was 15 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 217 $57,265,000 $263,894
    $1k-2k 11 $3,015,000 $274,091
    $2k-3k 7 $2,525,000 $360,714
    $5k+ 7 $3,955,000 $565,000
    $3k-4k 4 $1,410,000 $352,500
    $4k-5k 2 $770,000 $385,000

    First Community's average total fees were $3,852, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 217 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 77 $20,325,000 $263,961
    4-5% 55 $17,405,000 $316,455
    5-6% 51 $14,955,000 $293,235
    2.5-3% 45 $11,865,000 $263,667
    <2.5% 12 $2,610,000 $217,500
    6-7% 12 $3,490,000 $290,833

    During 2022, First Community's average interest rate for loans was 4.37%, while their most frequently originated rate bucket for loans was 3-4%, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 125 $35,255,000 $282,040 $3,929 4.30%
    $100k-200k 70 $11,040,000 $157,714 $3,080 3.68%
    $400k-600k 36 $16,620,000 $461,667 $5,104 4.30%
    $100,000 or less 13 $1,085,000 $83,462 $3,185 3.94%
    $600k-1MM 6 $4,200,000 $700,000 $6,555 4.27%
    $1MM+ 2 $2,450,000 $1,225,000 $8,552 4.06%

    2022 saw First Community place emphasis on $200k-400k loans with 125 originations, totaling $35,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 64 $20,190,000 $315,469 $3,934 4.14%
    $50k-75k 52 $11,490,000 $220,962 $3,517 4.11%
    $75k-100k 46 $11,840,000 $257,391 $3,800 4.00%
    $50k or less 39 $6,425,000 $164,744 $3,093 4.06%
    $150k-250k 36 $13,190,000 $366,389 $4,905 4.11%
    $250k+ 11 $5,805,000 $527,727 $5,643 4.50%

    First Community lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $50k-75k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 52 $17,240,000 $331,538 $4,132 3.83%
    30-36% 42 $12,290,000 $292,619 $4,114 4.26%
    <20% 21 $3,755,000 $178,810 $3,546 3.71%
    36% 16 $4,050,000 $253,125 $3,562 4.07%
    44% 13 $3,715,000 $285,769 $4,128 4.69%
    39% 11 $2,855,000 $259,545 $3,664 4.63%
    41% 10 $3,240,000 $324,000 $4,846 3.81%
    37% 10 $2,490,000 $249,000 $3,160 4.75%
    45% 10 $2,120,000 $212,000 $3,715 3.93%
    42% 9 $2,265,000 $251,667 $3,968 4.53%
    38% 9 $2,365,000 $262,778 $3,580 3.75%
    43% 8 $2,170,000 $271,250 $3,539 4.08%
    40% 8 $2,750,000 $343,750 $3,794 3.98%
    46% 7 $1,655,000 $236,429 $4,437 4.13%
    47% 7 $1,955,000 $279,286 $3,680 3.66%
    48% 6 $1,660,000 $276,667 $3,129 4.17%
    49% 5 $1,445,000 $289,000 $4,427 4.48%
    50-60% 2 $650,000 $325,000 $4,315 4.56%
    >60% 2 $270,000 $135,000 $2,625 5.13%

    First Community lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 229 $62,485,000 $272,860 $3,846 4.13%
    Not provided 7 $2,455,000 $350,714 $5,162 3.84%
    Asian 3 $1,785,000 $595,000 $6,473 4.21%
    Not applicable 4 $1,710,000 $427,500 $0 4.16%
    American Indian 6 $1,380,000 $230,000 $3,647 3.77%
    Black 2 $590,000 $295,000 $3,919 3.63%
    Other Asian 1 $245,000 $245,000 $2,825 3.75%

    Approval Rates

    Total approvals of all applications
    86.38%

    First Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    24.21%

    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 252 $70,650,000 $280,357

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    252 $70,650,000 $280,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $6,110,000 $160,789 $3,487 3.69%
    40-60% 63 $15,845,000 $251,508 $3,629 3.78%
    60-80% 81 $25,045,000 $309,198 $4,187 4.19%
    80-100% 67 $23,255,000 $347,090 $4,099 4.60%
    Under 20% 3 $395,000 $131,667 $3,076 3.13%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%