First Seacoast Bank Mortgage Rates, Fees & Info

Dover, NH

LEI: 549300QHFDNFAMLATM94

Tax ID: 02-0235380

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Manchester, Concord, and Lebanon among others. We have data for 7 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.

    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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    Originations

    116

    Origination Dollar Volume (All Markets)

    $51,960,000

    Top 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) 73 $32,585,000 $446,370 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 23 $10,655,000 $463,261 $0 0.00%
    Outside of Metro Areas 13 $6,615,000 $508,846 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $1,145,000 $381,667 $0 0.00%
    Concord, NH (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    First Seacoast Bank's top markets include Boston, Portland, Manchester, Concord, and Lebanon among others.

    Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $51,960,000 $447,931 $0 0.00%

    For 2022, First Seacoast Bank's most frequently originated type of loan was Conventional, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $43,610,000 $545,125 $0 0.00%
    Cash Out Refi 18 $5,110,000 $283,889 $0 0.00%
    Home Improvement 8 $740,000 $92,500 $0 0.00%
    Refi 6 $2,080,000 $346,667 $0 0.00%
    Other 4 $420,000 $105,000 $0 0.00%

    For 2022, First Seacoast Bank's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 116 $51,960,000 $447,931 $0 0.00%

    For 2022, First Seacoast Bank's most frequently cited loan duration was Other, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 44 $12,920,000 $293,636 $0 0.00%
    $400k-600k 24 $11,340,000 $472,500 $0 0.00%
    $100k-200k 15 $2,375,000 $158,333 $0 0.00%
    $600k-1MM 14 $10,470,000 $747,857 $0 0.00%
    $100,000 or less 10 $490,000 $49,000 $0 0.00%
    $1MM+ 9 $14,365,000 $1,596,111 $0 0.00%

    2022 saw First Seacoast Bank place emphasis on $200k-400k loans with 44 originations, totaling $12,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $10,620,000 $331,875 $0 0.00%
    $250k+ 30 $25,630,000 $854,333 $0 0.00%
    $150k-250k 25 $9,525,000 $381,000 $0 0.00%
    $50k-75k 11 $1,645,000 $149,545 $0 0.00%
    $75k-100k 11 $2,825,000 $256,818 $0 0.00%
    $50k or less 5 $1,175,000 $235,000 $0 0.00%

    First Seacoast Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $250k+, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 116 $51,960,000 $447,931 $0 0.00%

    First Seacoast Bank lent most frequently to those with DTI ratios of Exempt%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 103 $46,805,000 $454,417 $0 0.00%
    Not provided 11 $4,615,000 $419,545 $0 0.00%
    Not applicable 2 $540,000 $270,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.33%

    First Seacoast Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.52%

    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 116 $51,960,000 $447,931

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    116 $51,960,000 $447,931

    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%