Fcb Banks Mortgage Rates, Fees & Info

Collinsville, IL

LEI: 549300L8JRY60EOROT34

Tax ID: 37-0458520

5 stars - Updated: 12/4/24 - out of 5 stars, based on 40 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Fcb Banks is a smaller bank specializing in Home Purchase loans. Fcb Banks has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Kansas City, Crestview, Carbondale, and Chicago among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fcb Banks 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. Fcb Banks 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.27% 12/4/24
30 Year Conventional Purchase 6.43% 12/4/24
30 Year Conventional Refi 6.43% 12/4/24
30 Year Cash-out Refi 6.53% 12/4/24
30 Year FHA Purchase 7.07% 12/4/24
30 Year FHA Refi 6.97% 12/4/24
30 Year VA Purchase 6.03% 12/4/24
30 Year VA Refi 5.89% 12/4/24
30 Year USDA Purchase 6.29% 12/4/24
15 Year Conventional Purchase 5.74% 12/4/24
15 Year Conventional Refi 5.84% 12/4/24
15 Year Cash-out Refi 5.84% 12/4/24
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.

Fcb Banks Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Fcb Banks. 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

1,585

Origination Dollar Volume (All Markets)

$377,565,000
Show all (9) awards

Relative Rate

Fcb Banks's average 30 year fixed mortgage rate was 6.48%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0%.

Relative Fees (Closing Costs)

Fcb Banks's average total fees/closing costs for a 30 year fixed rate mortgage were $3,268.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 1,465 $326,915,000 $223,150 $2,241 7.11%
KANSAS CITY, MO-KS (FHA|USDA|VA) 7 $26,505,000 $3,786,429 $2,109 6.91%
Outside of Metro Areas 53 $9,295,000 $175,377 $2,529 6.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,650,000 $412,500 $4,546 6.41%
CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $1,355,000 $451,667 $7,260 7.04%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $995,000 $199,000 $1,946 7.04%
Centralia, IL (FHA|USDA|VA) 8 $970,000 $121,250 $2,749 7.24%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $840,000 $420,000 $2,313 7.30%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $660,000 $330,000 $5,807 7.13%
Mount Vernon, IL (FHA|USDA|VA) 3 $615,000 $205,000 $1,699 7.07%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $615,000 $205,000 $3,351 6.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $550,000 $275,000 $3,054 7.36%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $510,000 $255,000 $0 6.68%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $495,000 $495,000 $21,652 6.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $485,000 $485,000 $0 6.75%
ASHEVILLE, NC (FHA|USDA|VA) 1 $425,000 $425,000 $3,449 6.49%
Taylorville, IL (FHA|USDA|VA) 3 $415,000 $138,333 $2,497 6.21%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $400,000 $200,000 $0 7.00%
MOBILE, AL (FHA|USDA|VA) 1 $385,000 $385,000 $15,307 6.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $355,000 $355,000 $4,394 6.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $350,000 $175,000 $2,727 6.95%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $315,000 $315,000 $1,695 7.10%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $295,000 $295,000 $1,179 6.05%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $285,000 $285,000 $3,481 7.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,731 6.20%
Charleston-Mattoon, IL (FHA|USDA|VA) 2 $260,000 $130,000 $3,571 6.81%
COLUMBIA, SC (FHA|USDA|VA) 1 $245,000 $245,000 $11,259 6.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.15%
LOUISVILLE, KY (FHA|USDA|VA) 1 $185,000 $185,000 $2,041 7.45%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $165,000 $165,000 $2,910 6.63%
Kirksville, MO (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.35%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,283 5.63%
Jasper, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,207 5.99%
Branson, MO (FHA|USDA|VA) 1 $115,000 $115,000 $1,357 6.05%
Fcb Banks's top markets include St. Louis, Kansas City, Crestview, Carbondale, and Chicago among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against FCB Banks based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    1ST MIDAMERICA
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,289 $345,325,000 $267,901 $2,089 6.84%
    HELOC 227 $17,765,000 $78,260 n/a 8.63%
    FHA 43 $6,805,000 $158,256 $5,181 6.47%
    VA 23 $7,115,000 $309,348 $6,348 6.42%
    USDA 3 $555,000 $185,000 $4,880 6.33%

    For 2023, Fcb Banks's most frequently originated type of loan was Conventional, with 1,289 originations. Their 2nd most popular type was HELOC, with 227 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 968 $300,290,000 $310,217 $2,882 6.80%
    Home Improvement 252 $24,680,000 $97,937 $1,183 7.72%
    Refi 166 $27,850,000 $167,771 $1,396 7.19%
    Other 162 $17,280,000 $106,667 $1,072 7.66%
    Cash Out Refi 37 $7,465,000 $201,757 $2,607 7.10%

    For 2023, Fcb Banks's most frequently cited loan purpose was Home Purchase, with 968 originations. The 2nd most popular reason was Home Improvement, with 252 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 901 $195,645,000 $217,142 $1,945 6.89%
    30 Year 286 $57,190,000 $199,965 $3,268 6.48%
    15 Year 228 $16,990,000 $74,518 $2,311 8.52%
    5 Year 106 $95,050,000 $896,698 $0 7.16%
    3 Year 45 $8,595,000 $191,000 $0 7.17%
    1 Year 16 $3,530,000 $220,625 $0 7.56%
    20 Year 3 $565,000 $188,333 $2,397 6.13%

    For 2023, Fcb Banks's most frequently cited loan duration was Other, with 901 originations. The 2nd most popular length was 30 Year, with 286 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 830 $150,590,000 $181,434
    $1k-2k 45 $11,505,000 $255,667
    $2k-3k 33 $11,145,000 $337,727
    $3k-4k 20 $10,030,000 $501,500
    $4k-5k 15 $9,405,000 $627,000
    $5k+ 10 $8,380,000 $838,000

    Fcb Banks's average total fees were $3,268, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 830 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 672 $205,300,000 $305,506
    7-8% 492 $115,650,000 $235,061
    Over 8% 232 $17,290,000 $74,526
    5-6% 177 $36,635,000 $206,977
    4-5% 8 $2,220,000 $277,500
    3-4% 1 $455,000 $455,000

    During 2023, Fcb Banks's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was 6-7%, with 672 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 571 $31,295,000 $54,807 $1,172 7.49%
    $100k-200k 486 $69,880,000 $143,786 $2,180 6.93%
    $200k-400k 372 $103,580,000 $278,441 $2,734 6.81%
    $400k-600k 94 $44,790,000 $476,489 $4,240 6.65%
    $600k-1MM 40 $29,460,000 $736,500 $5,951 6.93%
    $1MM+ 22 $98,560,000 $4,480,000 $6,207 6.71%

    2023 saw Fcb Banks place emphasis on $100,000 or less loans with 571 originations, totaling $31,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 325 $58,385,000 $179,646 $2,291 7.12%
    $150k-250k 304 $65,410,000 $215,164 $2,373 7.21%
    $50k-75k 213 $25,835,000 $121,291 $2,117 6.89%
    $75k-100k 207 $28,145,000 $135,966 $2,087 7.13%
    $250k+ 133 $46,785,000 $351,767 $3,373 7.11%
    $50k or less 125 $10,255,000 $82,040 $2,260 6.81%

    Fcb Banks lent most frequently to those with incomes in the $100k-150k range, with 325 originations. The second most popular income band? $150k-250k, with 304 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 322 $53,640,000 $166,584 $2,152 7.08%
    30-36% 266 $43,420,000 $163,233 $2,188 7.15%
    <20% 124 $18,300,000 $147,581 $1,701 7.12%
    41% 69 $11,315,000 $163,986 $2,138 7.06%
    42% 64 $13,340,000 $208,438 $2,619 6.94%
    37% 60 $9,890,000 $164,833 $2,345 7.11%
    39% 58 $8,030,000 $138,448 $2,152 7.02%
    44% 49 $8,785,000 $179,286 $1,910 7.23%
    40% 48 $9,520,000 $198,333 $3,525 6.99%
    38% 47 $8,825,000 $187,766 $2,150 7.18%
    36% 43 $7,025,000 $163,372 $1,770 7.27%
    50-60% 39 $12,535,000 $321,410 $3,486 6.95%
    43% 33 $5,285,000 $160,152 $1,829 6.88%
    45% 26 $5,150,000 $198,077 $2,296 6.86%
    47% 19 $4,605,000 $242,368 $3,678 6.97%
    48% 19 $4,525,000 $238,158 $3,922 6.91%
    49% 15 $4,605,000 $307,000 $4,213 6.63%
    46% 14 $3,910,000 $279,286 $2,767 7.07%
    >60% 5 $2,825,000 $565,000 $6,491 6.91%

    Fcb Banks lent most frequently to those with DTI ratios of 20-30%, with 322 originations. The next most common DTI ratio? 30-36%, with 266 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,251 $223,865,000 $178,949 $2,264 7.09%
    Not applicable 247 $137,055,000 $554,879 $0 7.09%
    Black 62 $10,880,000 $175,484 $3,472 6.91%
    Asian 10 $2,090,000 $209,000 $3,892 7.23%
    Not provided 7 $1,945,000 $277,857 $6,115 7.13%
    American Indian 3 $875,000 $291,667 $1,446 6.57%
    Other Pacific Islander 1 $595,000 $595,000 $3,114 5.99%
    Native Hawaiian or Islander 1 $135,000 $135,000 $0 8.35%
    Vietnamese 1 $95,000 $95,000 $729 7.75%
    Asian Indian 2 $30,000 $15,000 $802 7.63%

    Approval Rates

    Total approvals of all applications
    93.13%

    Fcb Banks has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.46%

    Fcb Banks has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,585 $377,565,000 $238,211

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,585 $377,565,000 $238,211

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 222 $25,520,000 $114,955 $1,225 7.48%
    40-60% 211 $60,735,000 $287,844 $2,490 7.08%
    60-80% 424 $143,650,000 $338,797 $2,763 6.85%
    80-100% 474 $126,480,000 $266,835 $2,678 6.67%
    Over 100% 8 $2,660,000 $332,500 $10,027 6.44%
    Under 20% 245 $15,235,000 $62,184 $808 7.95%