First Community Bank Mortgage Rates, Fees & Info
Corpus Christi, TXLEI: 549300L4Z4LTG4TJTM66
Tax ID: 76-0024722
Latest/2022 | 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 and Refi loans. First Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Corpus Christi, Victoria, Alice, Rockport, and Kingsville among others. We have data for 12 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
272Origination Dollar Volume (All Markets)
$78,830,000Top 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) | 151 | $53,195,000 | $352,285 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 35 | $8,205,000 | $234,429 | $0 | 0.00% |
| Alice, TX (FHA|USDA|VA) | 28 | $4,700,000 | $167,857 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $3,805,000 | $253,667 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 11 | $3,575,000 | $325,000 | $0 | 0.00% |
| Kingsville, TX (FHA|USDA|VA) | 23 | $2,695,000 | $117,174 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 0.00% |
| Beeville, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
For 2022, First Community Bank's most frequently originated type of loan was Conventional, with 221 originations. Their 2nd most popular type was FHA, with 35 originations.
Loan Reason
For 2022, First Community Bank's most frequently cited loan purpose was Home Purchase, with 233 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 272 | $78,830,000 | $289,816 | $0 | 0.00% |
For 2022, First Community Bank's most frequently cited loan duration was Other, with 272 originations.
Loan Sizing
2022 saw First Community Bank place emphasis on $200k-400k loans with 103 originations, totaling $28,415,000 in origination value.
Applicant Income
First Community Bank lent most frequently to those with incomes in the $100k-150k range, with 54 originations. The second most popular income band? $150k-250k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 272 | $78,830,000 | $289,816 | $0 | 0.00% |
First Community Bank lent most frequently to those with DTI ratios of Exempt%, with 272 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.98%
First Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.29%
First Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 272 | $78,830,000 | $289,816 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |