The First Security Bank Mortgage Rates, Fees & Info
Overbrook, KSLEI: 549300SZJNKNV106AN10
Tax ID: 48-0221050
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The First Security Bank is a smaller bank specializing in Home Purchase loans. The First Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Topeka, Ottawa, Lawrence, and St. Joseph among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)The First Security 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
40Origination Dollar Volume (All Markets)
$6,810,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 25 | $4,255,000 | $170,200 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 11 | $1,275,000 | $115,909 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $765,000 | $765,000 | $0 | 0.00% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $6,810,000 | $170,250 | $0 | 0.00% |
For 2024, The First Security Bank's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2024, The First Security Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $6,810,000 | $170,250 | $0 | 0.00% |
For 2024, The First Security Bank's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2024 saw The First Security Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,465,000 in origination value.
Applicant Income
The First Security Bank lent most frequently to those with incomes in the $75k-100k range, with 6 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $6,810,000 | $170,250 | $0 | 0.00% |
The First Security Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 27 | $4,955,000 | $183,519 | $0 | 0.00% |
| White | 13 | $1,855,000 | $142,692 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.73%
The First Security 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 origination92.50%
The First Security Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $6,810,000 | $170,250 |