The First National Bank Of Peterstown Mortgage Rates, Fees & Info
Narrows, VALEI: 549300LXUXE7P1Q87D65
Tax ID: 55-0253545
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Mortgage Data
Review & Overview
The First National Bank Of Peterstown is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The First National Bank Of Peterstown has a high proportion of conventional loans. Their top two markets are Blacksburg and Bluefield .The First National Bank Of Peterstown 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.
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Originations
23Origination Dollar Volume (All Markets)
$2,385,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 17 | $1,985,000 | $116,765 | $0 | 0.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 5 | $275,000 | $55,000 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $2,385,000 | $103,696 | $0 | 0.00% |
For 2023, The First National Bank Of Peterstown's most frequently originated type of loan was Conventional, with 23 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 13 | $1,435,000 | $110,385 | $0 | 0.00% |
| Cash Out Refi | 8 | $900,000 | $112,500 | $0 | 0.00% |
| Home Improvement | 2 | $50,000 | $25,000 | $0 | 0.00% |
For 2023, The First National Bank Of Peterstown's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 23 | $2,385,000 | $103,696 | $0 | 0.00% |
For 2023, The First National Bank Of Peterstown's most frequently cited loan duration was Other, with 23 originations.
Loan Sizing
2023 saw The First National Bank Of Peterstown place emphasis on $100,000 or less loans with 12 originations, totaling $600,000 in origination value.
Applicant Income
The First National Bank Of Peterstown lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 23 | $2,385,000 | $103,696 | $0 | 0.00% |
The First National Bank Of Peterstown lent most frequently to those with DTI ratios of Exempt%, with 23 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $2,350,000 | $106,818 | $0 | 0.00% |
| Black | 1 | $35,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.78%
The First National Bank Of Peterstown has a below average approval rate.
Pick Rate
Approvals leading to origination73.91%
The First National Bank Of Peterstown has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 23 | $2,385,000 | $103,696 |