First Seacoast Bank Mortgage Rates, Fees & Info
Dover, NHLEI: 549300QHFDNFAMLATM94
Tax ID: 02-0235380
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Mortgage Data
Review & Overview
First Seacoast Bank is a smaller bank specializing in Home Purchase loans. First Seacoast Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Portland, Laconia, Manchester, and Keene among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)First Seacoast 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
75Origination Dollar Volume (All Markets)
$35,425,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 44 | $24,360,000 | $553,636 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 17 | $6,555,000 | $385,588 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $895,000 | $298,333 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 0.00% |
| Berlin, NH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $35,425,000 | $472,333 | $0 | 0.00% |
For 2023, First Seacoast Bank's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2023, First Seacoast Bank's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $35,425,000 | $472,333 | $0 | 0.00% |
For 2023, First Seacoast Bank's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2023 saw First Seacoast Bank place emphasis on $200k-400k loans with 30 originations, totaling $8,990,000 in origination value.
Applicant Income
First Seacoast Bank lent most frequently to those with incomes in the $150k-250k range, with 20 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% | 75 | $35,425,000 | $472,333 | $0 | 0.00% |
First Seacoast Bank lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.76%
First Seacoast Bank has an average approval rate.
Pick Rate
Approvals leading to origination68.00%
First Seacoast 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 | 75 | $35,425,000 | $472,333 |