First Community Mortgage Rates, Fees & Info

Chesterfield, MO

LEI: 549300T67186NPGCHI50

Tax ID: 43-0687711

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 Community is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. First Community has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Branson, Chicago, Farmington, and Kansas City among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Community has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Community is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.16% 11/21/24
    30 Year Conventional Purchase 6.51% 11/21/24
    30 Year Conventional Refi 6.20% 11/21/24
    30 Year Cash-out Refi 6.31% 11/21/24
    15 Year Conventional Purchase 5.64% 11/21/24
    15 Year Conventional Refi 5.66% 11/21/24
    15 Year Cash-out Refi 5.66% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First Community Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Community. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,082

    Origination Dollar Volume (All Markets)

    $403,420,000

    Awards

    FIRST COMMUNITY 30 Year Conventional Loans bronze
    Show all (1) awards

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2,974 $384,920,000 $129,428 $1,845 3.02%
    Outside of Metro Areas 57 $8,615,000 $151,140 $1,741 3.30%
    Branson, MO (FHA|USDA|VA) 4 $1,810,000 $452,500 $0 3.25%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $1,690,000 $211,250 $3,563 2.56%
    Farmington, MO (FHA|USDA|VA) 12 $1,110,000 $92,500 $1,757 3.03%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $735,000 $245,000 $822 3.67%
    COLUMBIA, MO (FHA|USDA|VA) 2 $680,000 $340,000 $4,581 2.94%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $635,000 $635,000 $4,784 3.13%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $545,000 $545,000 $7,407 3.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 3 $525,000 $175,000 $1,658 3.25%
    Rolla, MO (FHA|USDA|VA) 4 $480,000 $120,000 $2,260 3.25%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $405,000 $405,000 $0 3.99%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $215,000 $215,000 $4,750 2.50%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $195,000 $65,000 $927 4.17%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $165,000 $165,000 $1,686 3.00%
    Cookeville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $3,902 3.00%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $135,000 $135,000 $1,474 2.50%
    Centralia, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,247 3.25%
    Kennett, MO (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.00%
    Sedalia, MO (FHA|USDA|VA) 1 $85,000 $85,000 $0 1.25%
    Mexico, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,278 3.25%
    Macomb, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.00%
    First Community's top markets include St. Louis, Branson, Chicago, Farmington, and Kansas City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FIRST COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Town & Country Bank
    Similarity Rank: 328
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 370
    CapGrow Home Mortgage, LLC
    Similarity Rank: 552
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 627
    JERSEY STATE BANK
    Similarity Rank: 725
    HNB National Bank
    Similarity Rank: 910
    First National Bank of Waterloo
    Similarity Rank: 938
    VANTAGE Credit Union
    Similarity Rank: 1010
    Providence Bank
    Similarity Rank: 1102
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,744 $294,170,000 $168,675 $1,853 3.46%
    HELOC 1,338 $109,250,000 $81,652 n/a 2.46%

    For 2021, First Community's most frequently originated type of loan was Conventional, with 1,744 originations. Their 2nd most popular type was HELOC, with 1,338 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 924 $59,000,000 $63,853 $477 2.84%
    Home Purchase 616 $123,190,000 $199,984 $1,224 3.67%
    Cash Out Refi 606 $109,110,000 $180,050 $2,549 2.97%
    Other 553 $50,675,000 $91,637 $474 2.77%
    Refi 383 $61,445,000 $160,431 $2,340 2.90%

    For 2021, First Community's most frequently cited loan purpose was Home Improvement, with 924 originations. The 2nd most popular reason was Home Purchase, with 616 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,450 $114,160,000 $78,731 $651 2.67%
    30 Year 937 $190,245,000 $203,036 $1,724 3.55%
    15 Year 582 $78,370,000 $134,656 $2,151 3.07%
    20 Year 110 $20,070,000 $182,455 $2,690 3.08%
    5 Year 2 $530,000 $265,000 $0 4.88%
    3 Year 1 $45,000 $45,000 $0 4.25%

    For 2021, First Community's most frequently cited loan duration was 10 Year, with 1,450 originations. The 2nd most popular length was 30 Year, with 937 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,718 $288,010,000 $167,643
    $2k-3k 4 $800,000 $200,000
    $1k-2k 2 $400,000 $200,000
    $5k+ 1 $195,000 $195,000

    First Community's average total fees were $1,724, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,718 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,152 $171,010,000 $148,446
    <2.5% 1,011 $94,185,000 $93,160
    2.5-3% 622 $108,540,000 $174,502
    5-6% 155 $5,145,000 $33,194
    4-5% 142 $24,540,000 $172,817

    During 2021, First Community's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 3-4%, with 1,152 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,485 $75,625,000 $50,926 $1,088 2.96%
    $100k-200k 1,020 $145,410,000 $142,559 $1,890 3.04%
    $200k-400k 487 $125,005,000 $256,684 $2,446 3.21%
    $400k-600k 53 $24,905,000 $469,906 $4,323 2.89%
    $600k-1MM 27 $19,565,000 $724,630 $2,164 3.10%
    $1MM+ 10 $12,910,000 $1,291,000 $2,855 2.83%

    2021 saw First Community place emphasis on $100,000 or less loans with 1,485 originations, totaling $75,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 789 $101,455,000 $128,587 $2,213 2.96%
    $50k-75k 648 $69,890,000 $107,855 $1,442 3.17%
    $75k-100k 520 $60,480,000 $116,308 $1,779 3.20%
    $150k-250k 511 $79,405,000 $155,391 $2,894 2.75%
    $50k or less 379 $32,485,000 $85,712 $1,291 3.21%
    $250k+ 161 $48,815,000 $303,199 $3,087 2.54%

    First Community lent most frequently to those with incomes in the $100k-150k range, with 789 originations. The second most popular income band? $50k-75k, with 648 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 943 $122,035,000 $129,411 $2,068 2.95%
    30-36% 637 $86,485,000 $135,769 $1,765 3.11%
    <20% 422 $49,870,000 $118,175 $2,256 2.86%
    40% 130 $19,400,000 $149,231 $1,506 3.24%
    42% 127 $13,315,000 $104,843 $1,131 3.33%
    41% 119 $16,575,000 $139,286 $1,142 3.16%
    36% 118 $14,430,000 $122,288 $1,715 3.06%
    37% 118 $14,420,000 $122,203 $1,482 3.23%
    38% 111 $17,575,000 $158,333 $1,724 3.27%
    39% 104 $16,410,000 $157,788 $1,629 3.22%
    43% 78 $9,110,000 $116,795 $1,395 2.70%
    44% 35 $3,335,000 $95,286 $2,355 2.79%
    46% 23 $2,185,000 $95,000 $2,765 2.05%
    45% 22 $2,100,000 $95,455 $2,426 2.86%
    47% 18 $2,930,000 $162,778 $4,166 2.79%
    50-60% 15 $2,895,000 $193,000 $1,133 2.82%
    48% 12 $2,570,000 $214,167 $2,769 2.03%
    >60% 7 $1,425,000 $203,571 $1,003 3.23%
    49% 5 $545,000 $109,000 $1,824 1.83%

    First Community lent most frequently to those with DTI ratios of 20-30%, with 943 originations. The next most common DTI ratio? 30-36%, with 637 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,482 $318,790,000 $128,441 $1,925 3.00%
    Not provided 314 $44,330,000 $141,178 $1,923 2.95%
    Black 164 $20,800,000 $126,829 $1,052 3.45%
    Asian 60 $7,830,000 $130,500 $1,532 3.03%
    Not applicable 19 $4,335,000 $228,158 $0 4.10%
    Asian Indian 15 $2,735,000 $182,333 $1,978 2.70%
    Other Asian 5 $2,295,000 $459,000 $4,260 2.37%
    American Indian 19 $1,595,000 $83,947 $1,846 3.15%
    Filipino 2 $300,000 $150,000 $0 1.25%
    Other Pacific Islander 1 $275,000 $275,000 $0 2.75%
    Native Hawaiian or Islander 1 $135,000 $135,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    64.13%

    First Community has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    14.70%

    First Community 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
    0.0 287 $29,815,000 $103,885
    NA 2,795 $373,605,000 $133,669

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,082 $403,420,000 $130,896

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 542 $52,760,000 $97,343 $1,711 2.71%
    40-60% 426 $64,670,000 $151,808 $2,409 2.80%
    60-80% 567 $109,445,000 $193,025 $2,767 3.00%
    80-100% 625 $136,555,000 $218,488 $1,111 3.67%
    Under 20% 922 $39,990,000 $43,373 $593 2.90%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Struggling to pay mortgage 1 16.7%
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Trouble during payment process 4 66.7%
    FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%