Firstoak Bank Mortgage Rates, Fees & Info
Independence, KSLEI: 549300NZI0KZUW6HBT60
Tax ID: 48-0207525
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Mortgage Data
Review & Overview
Firstoak Bank is a smaller bank specializing in Home Purchase and Refi loans. Firstoak Bank has a high proportion of conventional loans. Their top markets by origination volume include: Coffeyville, Nashville, Pueblo, Durango, and Barnstable Town among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Firstoak 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.
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Originations
82Origination Dollar Volume (All Markets)
$21,320,000Top 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 |
|---|---|---|---|---|---|
| Coffeyville, KS (FHA|USDA|VA) | 32 | $5,730,000 | $179,063 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 11 | $5,155,000 | $468,636 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $3,965,000 | $233,235 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 11 | $2,885,000 | $262,273 | $0 | 0.00% |
| Durango, CO (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Parsons, KS (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $21,320,000 | $260,000 | $0 | 0.00% |
For 2022, Firstoak Bank's most frequently originated type of loan was Conventional, with 82 originations.
Loan Reason
For 2022, Firstoak Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 82 | $21,320,000 | $260,000 | $0 | 0.00% |
For 2022, Firstoak Bank's most frequently cited loan duration was Other, with 82 originations.
Loan Sizing
2022 saw Firstoak Bank place emphasis on $100k-200k loans with 26 originations, totaling $3,650,000 in origination value.
Applicant Income
Firstoak Bank lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $250k+, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 82 | $21,320,000 | $260,000 | $0 | 0.00% |
Firstoak Bank lent most frequently to those with DTI ratios of Exempt%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.00%
Firstoak Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.37%
Firstoak Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 82 | $21,320,000 | $260,000 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |