First Community Bank Mortgage Rates, Fees & Info
Corpus Christi, TXLEI: 549300L4Z4LTG4TJTM66
Tax ID: 76-0024722
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Community Bank is a smaller bank specializing in Home Purchase loans. First Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Corpus Christi, Kingsville, Alice, Rockport, and San Antonio among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First Community Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
190Origination Dollar Volume (All Markets)
$74,770,000Top 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 |
|---|---|---|---|---|---|
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 127 | $63,015,000 | $496,181 | $0 | 0.00% |
| Kingsville, TX (FHA|USDA|VA) | 24 | $4,440,000 | $185,000 | $0 | 0.00% |
| Alice, TX (FHA|USDA|VA) | 19 | $3,175,000 | $167,105 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $1,650,000 | $206,250 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $68,160,000 | $415,610 | $0 | 0.00% |
| FHA | 19 | $4,305,000 | $226,579 | $0 | 0.00% |
| VA | 7 | $2,305,000 | $329,286 | $0 | 0.00% |
For 2023, First Community Bank's most frequently originated type of loan was Conventional, with 164 originations. Their 2nd most popular type was FHA, with 19 originations.
Loan Reason
For 2023, First Community Bank's most frequently cited loan purpose was Home Purchase, with 166 originations. The 2nd most popular reason was Home Improvement, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 190 | $74,770,000 | $393,526 | $0 | 0.00% |
For 2023, First Community Bank's most frequently cited loan duration was Other, with 190 originations.
Loan Sizing
2023 saw First Community Bank place emphasis on $100k-200k loans with 77 originations, totaling $11,245,000 in origination value.
Applicant Income
First Community Bank lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $150k-250k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 190 | $74,770,000 | $393,526 | $0 | 0.00% |
First Community Bank lent most frequently to those with DTI ratios of Exempt%, with 190 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.78%
First Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.05%
First Community Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 190 | $74,770,000 | $393,526 |