First National Community Bank Mortgage Rates, Fees & Info
Chatsworth, GALEI: 549300STIW51KDGL2B62
Tax ID: 58-1209948
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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: Atlanta, Rome, Dalton, Chattanooga, and Dayton 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. They have a below average pick rate when compared to similar lenders.
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Originations
84Origination Dollar Volume (All Markets)
$17,280,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 19 | $5,265,000 | $277,105 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 28 | $3,910,000 | $139,643 | $0 | 0.00% |
| DALTON, GA (FHA|USDA|VA) | 21 | $3,285,000 | $156,429 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 8 | $2,670,000 | $333,750 | $0 | 0.00% |
| Dayton, TN (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 0.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| Cedartown, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Summerville, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $17,280,000 | $205,714 | $0 | 0.00% |
For 2023, First National Community Bank's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 42 | $10,950,000 | $260,714 | $0 | 0.00% |
| Refi | 38 | $5,510,000 | $145,000 | $0 | 0.00% |
| Home Improvement | 4 | $820,000 | $205,000 | $0 | 0.00% |
For 2023, First National Community Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $17,280,000 | $205,714 | $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 $100,000 or less loans with 27 originations, totaling $1,385,000 in origination value.
Applicant Income
First National Community Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $17,280,000 | $205,714 | $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 applications95.96%
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 origination86.90%
First National Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $17,280,000 | $205,714 |