First National Bank Mortgage Rates, Fees & Info
Hamilton, ALLEI: 549300OWLJ3NG26J9N79
Tax ID: 63-0700642
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Mortgage Data
Review & Overview
First National Bank is a smaller bank specializing in Home Purchase and Refi loans. First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cullman, Florence, Daphne, Jasper, and Decatur among others. We have data for 9 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 an above average pick rate when compared to similar lenders.
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 |
|---|---|---|
| 15 Year Conventional Purchase | 8.98% | 4/5/25 |
| 15 Year Conventional Refi | 8.20% | 4/5/25 |
| 15 Year Cash-out Refi | 8.20% | 4/5/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
94Origination Dollar Volume (All Markets)
$13,760,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 72 | $7,260,000 | $100,833 | $2,807 | 8.02% |
| Cullman, AL (FHA|USDA|VA) | 1 | $2,895,000 | $2,895,000 | $0 | 7.95% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $0 | 7.29% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 8.50% |
| Jasper, AL (FHA|USDA|VA) | 13 | $735,000 | $56,538 | $2,686 | 8.20% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.14% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,566 | 7.14% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,726 | 7.14% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $13,760,000 | $146,383 | $2,785 | 8.01% |
For 2024, First National Bank's most frequently originated type of loan was Conventional, with 94 originations.
Loan Reason
For 2024, First National Bank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
For 2024, First National Bank's most frequently cited loan duration was 10 Year, with 43 originations. The 2nd most popular length was 15 Year, with 24 originations.
Origination Fees/Closing Costs
First National Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 59 | $10,215,000 | $173,136 |
| Over 8% | 35 | $3,545,000 | $101,286 |
During 2024, First National Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 59 originations.
Loan Sizing
2024 saw First National Bank place emphasis on $100,000 or less loans with 58 originations, totaling $2,920,000 in origination value.
Applicant Income
First National Bank lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $50k-75k, with 24 originations.
Applicant Debt to Income Ratio
First National Bank lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? >60%, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.50%
First National Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.43%
First National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 94 | $13,760,000 | $146,383 |