The First National Bank Of Peterstown Mortgage Rates, Fees & Info

Narrows, VA

LEI: 549300LXUXE7P1Q87D65

Tax ID: 55-0253545

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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

    44

    Origination Dollar Volume (All Markets)

    $5,290,000

    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
    Outside of Metro Areas 28 $3,310,000 $118,214 $0 0.00%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 13 $1,515,000 $116,538 $0 0.00%
    Bluefield, WV-VA (FHA|USDA|VA) 3 $465,000 $155,000 $0 0.00%
    The First National Bank Of Peterstown's top markets include Blacksburg and Bluefield among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 44 $5,290,000 $120,227 $0 0.00%

    For 2019, The First National Bank Of Peterstown's most frequently originated type of loan was Conventional, with 44 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $3,640,000 $121,333 $0 0.00%
    Cash Out Refi 10 $1,270,000 $127,000 $0 0.00%
    Refi 3 $315,000 $105,000 $0 0.00%
    Other 1 $65,000 $65,000 $0 0.00%

    For 2019, The First National Bank Of Peterstown's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 44 $5,290,000 $120,227 $0 0.00%

    For 2019, The First National Bank Of Peterstown's most frequently cited loan duration was Other, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 20 $1,170,000 $58,500 $0 0.00%
    $100k-200k 17 $2,285,000 $134,412 $0 0.00%
    $200k-400k 6 $1,400,000 $233,333 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    2019 saw The First National Bank Of Peterstown place emphasis on $100,000 or less loans with 20 originations, totaling $1,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $870,000 $72,500 $0 0.00%
    $50k-75k 8 $780,000 $97,500 $0 0.00%
    $75k-100k 6 $790,000 $131,667 $0 0.00%
    $100k-150k 5 $1,195,000 $239,000 $0 0.00%
    $150k-250k 4 $760,000 $190,000 $0 0.00%

    The First National Bank Of Peterstown lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 44 $5,290,000 $120,227 $0 0.00%

    The First National Bank Of Peterstown lent most frequently to those with DTI ratios of Exempt%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $4,395,000 $125,571 $0 0.00%
    Not applicable 9 $895,000 $99,444 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.38%

    The First National Bank Of Peterstown has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.73%

    The First National Bank Of Peterstown has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 44 $5,290,000 $120,227

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $185,000 $185,000
    Single Family (1-4 Units):Site-Built 43 $5,105,000 $118,721