First Commercial Bank Mortgage Rates, Fees & Info
Seguin, TXLEI: 549300NFAQXBUC5NPK66
Tax ID: 74-2252067
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Mortgage Data
Review & Overview
First Commercial Bank is a smaller bank specializing in Home Purchase loans. First Commercial Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Austin, Lubbock, Bay City, and Corpus Christi among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First Commercial Bank 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
48Origination Dollar Volume (All Markets)
$16,390,000Top 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 |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 37 | $12,175,000 | $329,054 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,245,000 | $1,245,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| Bay City, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Commercial Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $16,390,000 | $341,458 | $0 | 0.00% |
For 2023, First Commercial Bank's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 37 | $13,755,000 | $371,757 | $0 | 0.00% |
| Refi | 8 | $2,000,000 | $250,000 | $0 | 0.00% |
| Home Improvement | 3 | $635,000 | $211,667 | $0 | 0.00% |
For 2023, First Commercial Bank's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $16,390,000 | $341,458 | $0 | 0.00% |
For 2023, First Commercial Bank's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2023 saw First Commercial Bank place emphasis on $200k-400k loans with 19 originations, totaling $5,355,000 in origination value.
Applicant Income
First Commercial Bank lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $16,390,000 | $341,458 | $0 | 0.00% |
First Commercial Bank lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.01%
First Commercial Bank has a below average approval rate.
Pick Rate
Approvals leading to origination66.67%
First Commercial Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $16,390,000 | $341,458 |