First National Community Bank Mortgage Rates, Fees & Info

Chatsworth, GA

LEI: 549300STIW51KDGL2B62

Tax ID: 58-1209948

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 National Community Bank is a smaller bank specializing in Other loans. First National Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dalton, Atlanta, and Calhoun among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First National Community Bank has an average approval rate when compared to the average across all lenders. They have an above 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

    39

    Origination Dollar Volume (All Markets)

    $3,315,000

    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
    DALTON, GA (FHA|USDA|VA) 34 $2,650,000 $77,941 $1,218 5.49%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $550,000 $275,000 $0 5.75%
    Calhoun, GA (FHA|USDA|VA) 2 $80,000 $40,000 $411 5.25%
    Outside of Metro Areas 1 $35,000 $35,000 $0 5.50%
    First National Community Bank's top markets include Dalton, Atlanta, and Calhoun among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 23 $2,155,000 $93,696 n/a 5.57%
    Conventional 16 $1,160,000 $72,500 $1,128 5.39%

    For 2018, First National Community Bank's most frequently originated type of loan was HELOC, with 23 originations. Their 2nd most popular type was Conventional, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 22 $1,980,000 $90,000 $0 5.62%
    Refi 8 $590,000 $73,750 $345 5.37%
    Home Purchase 6 $510,000 $85,000 $1,969 5.42%
    Cash Out Refi 2 $130,000 $65,000 $894 5.13%
    Home Improvement 1 $105,000 $105,000 $1,423 5.00%

    For 2018, First National Community Bank's most frequently cited loan purpose was Other, with 22 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    3 Year 12 $1,240,000 $103,333 $0 5.79%
    10 Year 12 $710,000 $59,167 $963 5.42%
    15 Year 4 $220,000 $55,000 $871 5.06%
    5 Year 4 $240,000 $60,000 $411 5.50%
    20 Year 3 $305,000 $101,667 $2,236 5.25%
    Other 3 $525,000 $175,000 $826 5.42%
    1 Year 1 $75,000 $75,000 $0 5.50%

    For 2018, First National Community Bank's most frequently cited loan duration was 3 Year, with 12 originations. The 2nd most popular length was 10 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 9 $565,000 $62,778

    First National Community Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 9 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 19 $1,165,000 $61,316
    4-5% 15 $1,925,000 $128,333
    6-7% 2 $110,000 $55,000
    Over 8% 2 $60,000 $30,000
    3-4% 1 $55,000 $55,000

    During 2018, First National Community Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,355,000 $46,724 $848 5.63%
    $100k-200k 8 $1,150,000 $143,750 $2,109 5.12%
    $200k-400k 1 $305,000 $305,000 $0 5.00%
    $400k-600k 1 $505,000 $505,000 $0 5.00%

    2018 saw First National Community Bank place emphasis on $100,000 or less loans with 29 originations, totaling $1,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $660,000 $55,000 $678 5.50%
    $50k-75k 9 $685,000 $76,111 $1,654 5.31%
    $150k-250k 6 $460,000 $76,667 $0 5.67%
    $100k-150k 4 $470,000 $117,500 $0 4.88%
    $75k-100k 4 $240,000 $60,000 $826 6.38%
    $250k+ 2 $680,000 $340,000 $0 4.75%

    First National Community Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 12 $850,000 $70,833 $1,429 5.75%
    20-30% 8 $340,000 $42,500 $951 5.07%
    37% 2 $360,000 $180,000 $0 5.00%
    38% 2 $100,000 $50,000 $681 5.00%
    42% 2 $130,000 $65,000 $826 5.13%
    44% 2 $540,000 $270,000 $0 7.00%
    47% 2 $220,000 $110,000 $411 5.25%
    49% 2 $210,000 $105,000 $2,795 5.25%
    >60% 2 $180,000 $90,000 $0 5.75%
    36% 2 $90,000 $45,000 $0 5.75%
    <20% 1 $175,000 $175,000 $0 4.50%

    First National Community Bank lent most frequently to those with DTI ratios of 30-36%, with 12 originations. The next most common DTI ratio? 20-30%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $3,140,000 $87,222 $1,128 5.48%
    Not applicable 2 $120,000 $60,000 $0 6.00%
    Asian 1 $55,000 $55,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    88.89%

    First National Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.44%

    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
    NA 39 $3,315,000 $85,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $360,000 $60,000
    Single Family (1-4 Units):Site-Built 33 $2,955,000 $89,545

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $905,000 $100,556 $733 5.33%
    40-60% 9 $645,000 $71,667 $1,039 5.14%
    60-80% 10 $1,030,000 $103,000 $1,470 5.40%
    80-100% 2 $420,000 $210,000 $0 4.75%
    Under 20% 9 $315,000 $35,000 $0 6.28%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%