The First Security Bank Mortgage Rates, Fees & Info

Overbrook, KS

LEI: 549300SZJNKNV106AN10

Tax ID: 48-0221050

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Mortgage Data

Review & Overview

The First Security Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The First Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Topeka, and Ottawa among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First Security Bank has an average approval rate when compared to the average across all lenders.

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Originations

31

Origination Dollar Volume (All Markets)

$3,885,000

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
KANSAS CITY, MO-KS (FHA|USDA|VA) 18 $2,840,000 $157,778 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 12 $930,000 $77,500 $0 0.00%
Ottawa, KS (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
The First Security Bank's top markets include Kansas City, Topeka, and Ottawa among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 31 $3,885,000 $125,323 $0 0.00%

    For 2018, The First Security Bank's most frequently originated type of loan was Conventional, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $2,245,000 $132,059 $0 0.00%
    Cash Out Refi 6 $1,020,000 $170,000 $0 0.00%
    Home Improvement 4 $60,000 $15,000 $0 0.00%
    Refi 3 $525,000 $175,000 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2018, The First Security Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 31 $3,885,000 $125,323 $0 0.00%

    For 2018, The First Security Bank's most frequently cited loan duration was Other, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $860,000 $47,778 $0 0.00%
    $100k-200k 7 $1,005,000 $143,571 $0 0.00%
    $200k-400k 6 $2,020,000 $336,667 $0 0.00%

    2018 saw The First Security Bank place emphasis on $100,000 or less loans with 18 originations, totaling $860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7 $735,000 $105,000 $0 0.00%
    $75k-100k 5 $305,000 $61,000 $0 0.00%
    $50k or less 4 $220,000 $55,000 $0 0.00%
    $100k-150k 3 $625,000 $208,333 $0 0.00%
    $250k+ 2 $390,000 $195,000 $0 0.00%
    $150k-250k 1 $375,000 $375,000 $0 0.00%

    The First Security Bank lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $75k-100k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 31 $3,885,000 $125,323 $0 0.00%

    The First Security Bank lent most frequently to those with DTI ratios of Exempt%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $2,995,000 $119,800 $0 0.00%
    Not applicable 6 $890,000 $148,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.57%

    The First Security Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 31 $3,885,000 $125,323

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 31 $3,885,000 $125,323