First National Bank Mortgage Rates, Fees & Info
Wichita Falls, TXLEI: 549300N34GCCEN8EJE06
Tax ID: 75-2044948
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.58% | 4/18/24 |
| 30 Year Conventional Refi | 6.49% | 4/18/24 |
| 30 Year Cash-out Refi | 6.91% | 4/18/24 |
| 30 Year FHA Purchase | 7.85% | 4/18/24 |
| 30 Year FHA Refi | 6.27% | 4/18/24 |
| 30 Year VA Purchase | 6.38% | 4/18/24 |
| 30 Year USDA Purchase | 7.23% | 4/18/24 |
| 15 Year Conventional Purchase | 5.95% | 4/18/24 |
| 15 Year Conventional Refi | 6.27% | 4/18/24 |
| 15 Year Cash-out Refi | 6.27% | 4/18/24 |
| 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
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from First National Bank. 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
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
Similarity Rank: 258
Similarity Rank: 336
Similarity Rank: 360
Similarity Rank: 714
Similarity Rank: 770
Similarity Rank: 981
Similarity Rank: 1048
Similarity Rank: 1050
Similarity Rank: 1050
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 |