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. Their top markets by origination volume include: Minneapolis, Eau Claire, Menomonie, Duluth, and Phoenix among others. We have data for 6 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. They have an above average pick rate when compared to similar lenders.
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Originations
132Origination Dollar Volume (All Markets)
$72,990,000Top 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) | 101 | $59,535,000 | $589,455 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 3 | $6,855,000 | $2,285,000 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $5,680,000 | $236,667 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 132 | $72,990,000 | $552,955 | $0 | 0.00% |
For 2022, First National Community Bank's most frequently originated type of loan was Conventional, with 132 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 66 | $53,450,000 | $809,848 | $0 | 0.00% |
| Refi | 63 | $18,785,000 | $298,175 | $0 | 0.00% |
| Home Improvement | 3 | $755,000 | $251,667 | $0 | 0.00% |
For 2022, First National Community Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 63 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 132 | $72,990,000 | $552,955 | $0 | 0.00% |
For 2022, First National Community Bank's most frequently cited loan duration was Other, with 132 originations.
Loan Sizing
2022 saw First National Community Bank place emphasis on $200k-400k loans with 62 originations, totaling $17,230,000 in origination value.
Applicant Income
First National Community Bank lent most frequently to those with incomes in the $150k-250k range, with 25 originations. The second most popular income band? $100k-150k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 132 | $72,990,000 | $552,955 | $0 | 0.00% |
First National Community Bank lent most frequently to those with DTI ratios of Exempt%, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.00%
First National Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.45%
First National Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 132 | $72,990,000 | $552,955 |
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% |