First National Community Bank Mortgage Rates, Fees & Info
New Richmond, WILEI: 549300Q26XXW77S35W27
Tax ID: 39-0501178
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First National Community Bank is a smaller bank specializing in Home Purchase and Refi loans. First National Community Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Madison, Oshkosh, Cape Coral, and Duluth among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Community Bank has an above average approval rate when compared to the average across all lenders.
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Originations
84Origination Dollar Volume (All Markets)
$24,880,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 49 | $13,915,000 | $283,980 | $0 | 0.00% |
| Outside of Metro Areas | 27 | $6,935,000 | $256,852 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $1,315,000 | $1,315,000 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Willmar, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $24,585,000 | $296,205 | $0 | 0.00% |
| USDA | 1 | $295,000 | $295,000 | $0 | 0.00% |
For 2023, First National Community Bank's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 52 | $13,050,000 | $250,962 | $0 | 0.00% |
| Refi | 32 | $11,830,000 | $369,688 | $0 | 0.00% |
For 2023, First National Community Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $24,880,000 | $296,190 | $0 | 0.00% |
For 2023, First National Community Bank's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2023 saw First National Community Bank place emphasis on $200k-400k loans with 43 originations, totaling $11,875,000 in origination value.
Applicant Income
First National Community Bank lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $75k-100k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $24,880,000 | $296,190 | $0 | 0.00% |
First National Community Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.82%
First National Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $24,880,000 | $296,190 |