First National Bank Mortgage Rates, Fees & Info
Wichita Falls, TXLEI: 549300N34GCCEN8EJE06
Tax ID: 75-2044948
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Mortgage Data
Review & Overview
First National Bank is a smaller bank specializing in Home Purchase loans. First National Bank 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: Dallas, Sherman, Granbury, Wichita Falls, and Austin among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)First National 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. First National Bank is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.58% | 12/4/24 |
30 Year Conventional Refi | 6.49% | 12/4/24 |
30 Year Cash-out Refi | 6.91% | 12/4/24 |
30 Year FHA Purchase | 7.85% | 12/4/24 |
30 Year FHA Refi | 6.27% | 12/4/24 |
30 Year VA Purchase | 6.38% | 12/4/24 |
30 Year USDA Purchase | 7.23% | 12/4/24 |
15 Year Conventional Purchase | 5.95% | 12/4/24 |
15 Year Conventional Refi | 6.27% | 12/4/24 |
15 Year Cash-out Refi | 6.27% | 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. |
First National Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from First National Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
435Origination Dollar Volume (All Markets)
$396,305,000Relative Rate
First National Bank's average 30 year fixed mortgage rate was
6.45%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.03%.
Relative Fees (Closing Costs)
First National Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,404.
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 |
---|---|---|---|---|---|
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 344 | $349,260,000 | $1,015,291 | $17,681 | 6.88% |
SHERMAN-DENISON, TX (FHA|USDA|VA) | 13 | $10,325,000 | $794,231 | $14,541 | 6.49% |
Outside of Metro Areas | 12 | $7,910,000 | $659,167 | $11,889 | 6.60% |
Granbury, TX (FHA|USDA|VA) | 7 | $6,735,000 | $962,143 | $16,147 | 7.10% |
WICHITA FALLS, TX (FHA|USDA|VA) | 31 | $6,425,000 | $207,258 | $8,759 | 8.42% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $3,105,000 | $1,035,000 | $16,821 | 6.50% |
Athens, TX (FHA|USDA|VA) | 4 | $2,690,000 | $672,500 | $12,716 | 6.37% |
Stephenville, TX (FHA|USDA|VA) | 4 | $2,100,000 | $525,000 | $14,387 | 8.87% |
Corsicana, TX (FHA|USDA|VA) | 2 | $2,010,000 | $1,005,000 | $15,396 | 6.12% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $8,600 | 6.54% |
KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $15,022 | 6.25% |
Gainesville, TX (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $12,458 | 6.99% |
WACO, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $12,503 | 5.50% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $7,861 | 7.50% |
Brownwood, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $7,271 | 6.25% |
Mineral Wells, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $10,137 | 6.99% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,666 | 5.50% |
Ruidoso, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.50% |
El Campo, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,645 | 6.25% |
Paris, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.75% |
LAWTON, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against First National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 70
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Product Mix
For 2023, First National Bank's most frequently originated type of loan was Conventional, with 423 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2023, First National Bank's most frequently cited loan purpose was Home Purchase, with 376 originations. The 2nd most popular reason was Refi, with 48 originations.
Loan Duration/Length
For 2023, First National Bank's most frequently cited loan duration was 30+ year, with 185 originations. The 2nd most popular length was 30 Year, with 147 originations.
Origination Fees/Closing Costs
First National Bank's average total fees were $12,404, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 277 originations.
Interest Rates
During 2023, First National Bank's average interest rate for loans was 6.45%, while their most frequently originated rate bucket for loans was 6-7%, with 168 originations.
Loan Sizing
2023 saw First National Bank place emphasis on $1MM+ loans with 142 originations, totaling $262,820,000 in origination value.
Applicant Income
First National Bank lent most frequently to those with incomes in the $250k+ range, with 233 originations. The second most popular income band? $150k-250k, with 83 originations.
Applicant Debt to Income Ratio
First National Bank lent most frequently to those with DTI ratios of 30-36%, with 69 originations. The next most common DTI ratio? 42%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.50%
First National Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.20%
First National Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 435 | $396,305,000 | $911,046 |