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

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  • 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 Improvement and Home Purchase loans. First Community has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Chicago, Myrtle Beach, Farmington, and Springfield among others. We have data for 31 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% 11/23/24
    30 Year Conventional Purchase 6.51% 11/23/24
    30 Year Conventional Refi 6.20% 11/23/24
    30 Year Cash-out Refi 6.31% 11/23/24
    15 Year Conventional Purchase 5.64% 11/23/24
    15 Year Conventional Refi 5.66% 11/23/24
    15 Year Cash-out Refi 5.66% 11/23/24
    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

    2,783

    Origination Dollar Volume (All Markets)

    $348,445,000
    Show all (6) 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) 2,675 $330,625,000 $123,598 $1,413 4.50%
    Outside of Metro Areas 51 $8,555,000 $167,745 $1,591 4.31%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,025,000 $205,000 $2,292 3.45%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $875,000 $875,000 $3,546 3.13%
    Farmington, MO (FHA|USDA|VA) 11 $805,000 $73,182 $196 5.50%
    SPRINGFIELD, MO (FHA|USDA|VA) 5 $745,000 $149,000 $1,066 3.52%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $650,000 $325,000 $4,338 3.75%
    COLUMBIA, MO (FHA|USDA|VA) 2 $530,000 $265,000 $0 3.13%
    Branson, MO (FHA|USDA|VA) 2 $530,000 $265,000 $717 3.94%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $485,000 $485,000 $300 5.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $355,000 $355,000 $4,446 3.75%
    JEFFERSON CITY, MO (FHA|USDA|VA) 2 $340,000 $170,000 $0 5.75%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 5 $305,000 $61,000 $1,032 5.07%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $295,000 $295,000 $2,470 3.25%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $295,000 $295,000 $2,564 5.75%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $285,000 $285,000 $18,119 2.75%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $275,000 $275,000 $1,972 5.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $225,000 $225,000 $1,799 5.00%
    Hannibal, MO (FHA|USDA|VA) 3 $175,000 $58,333 $1,194 4.29%
    Marshall, MO (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.25%
    Batesville, AR (FHA|USDA|VA) 1 $125,000 $125,000 $1,798 3.00%
    Sikeston, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,041 4.50%
    Jacksonville, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,482 3.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $1,886 5.13%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.49%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    Moberly, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,374 3.75%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $55,000 $55,000 $1,368 4.00%
    Mexico, MO (FHA|USDA|VA) 1 $35,000 $35,000 $779 5.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $25,000 $25,000 $499 7.50%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $25,000 $25,000 $1,041 5.75%
    First Community's top markets include St. Louis, Chicago, Myrtle Beach, Farmington, and Springfield among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • (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.

    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 126
    First National Bank of Waterloo
    Similarity Rank: 216
    Gateway Metro Federal Credit Union
    Similarity Rank: 240
    MORTGAGE SOLUTIONS LLC
    Similarity Rank: 368
    United Bank of Union
    Similarity Rank: 450
    JERSEY STATE BANK
    Similarity Rank: 452
    Bank of Washington
    Similarity Rank: 728
    ALLTRU Federal Credit Union
    Similarity Rank: 764
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,413 $222,985,000 $157,810 $1,428 4.87%
    HELOC 1,370 $125,460,000 $91,577 n/a 4.11%

    For 2022, First Community's most frequently originated type of loan was Conventional, with 1,413 originations. Their 2nd most popular type was HELOC, with 1,370 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,090 $81,060,000 $74,367 $540 4.51%
    Other 649 $51,995,000 $80,116 $550 4.77%
    Home Purchase 630 $145,110,000 $230,333 $1,491 4.77%
    Cash Out Refi 307 $56,225,000 $183,143 $2,222 3.71%
    Refi 107 $14,055,000 $131,355 $2,263 3.33%

    For 2022, First Community's most frequently cited loan purpose was Home Improvement, with 1,090 originations. The 2nd most popular reason was Other, with 649 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,701 $150,955,000 $88,745 $868 4.32%
    30 Year 685 $154,455,000 $225,482 $1,540 4.74%
    15 Year 357 $35,965,000 $100,742 $1,578 4.92%
    20 Year 36 $6,780,000 $188,333 $3,025 4.11%
    5 Year 4 $290,000 $72,500 $0 4.56%

    For 2022, First Community's most frequently cited loan duration was 10 Year, with 1,701 originations. The 2nd most popular length was 30 Year, with 685 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,395 $219,655,000 $157,459
    $1k-2k 7 $1,145,000 $163,571
    $2k-3k 3 $845,000 $281,667
    $3k-4k 1 $175,000 $175,000
    $5k+ 1 $285,000 $285,000

    First Community's average total fees were $1,540, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,395 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 603 $56,265,000 $93,308
    3-4% 577 $101,385,000 $175,711
    4-5% 478 $74,010,000 $154,833
    6-7% 445 $40,795,000 $91,674
    5-6% 399 $36,325,000 $91,040
    2.5-3% 156 $27,730,000 $177,756
    7-8% 115 $10,875,000 $94,565
    Over 8% 10 $1,060,000 $106,000

    During 2022, First Community's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was <2.5%, with 603 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,535 $78,715,000 $51,280 $748 4.69%
    $100k-200k 709 $97,475,000 $137,482 $1,593 4.20%
    $200k-400k 440 $116,580,000 $264,955 $2,107 4.40%
    $400k-600k 69 $32,215,000 $466,884 $2,816 4.22%
    $600k-1MM 25 $17,495,000 $699,800 $2,396 3.83%
    $1MM+ 5 $5,965,000 $1,193,000 $3,868 3.80%

    2022 saw First Community place emphasis on $100,000 or less loans with 1,535 originations, totaling $78,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 760 $88,980,000 $117,079 $1,417 4.49%
    $150k-250k 570 $87,490,000 $153,491 $1,918 4.41%
    $50k-75k 511 $49,675,000 $97,211 $1,225 4.62%
    $75k-100k 468 $48,180,000 $102,949 $1,318 4.51%
    $50k or less 236 $17,470,000 $74,025 $1,119 4.64%
    $250k+ 201 $52,095,000 $259,179 $2,419 4.31%

    First Community lent most frequently to those with incomes in the $100k-150k range, with 760 originations. The second most popular income band? $150k-250k, with 570 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 753 $97,615,000 $129,635 $1,531 4.42%
    30-36% 593 $75,705,000 $127,664 $1,367 4.63%
    <20% 275 $34,195,000 $124,345 $1,807 4.39%
    43% 127 $13,315,000 $104,843 $1,380 4.35%
    37% 125 $18,085,000 $144,680 $1,046 4.46%
    42% 119 $13,335,000 $112,059 $949 4.50%
    40% 118 $16,690,000 $141,441 $1,198 4.48%
    39% 109 $14,515,000 $133,165 $1,323 4.52%
    41% 103 $13,115,000 $127,330 $1,349 4.59%
    36% 102 $12,500,000 $122,549 $983 4.61%
    38% 98 $12,780,000 $130,408 $1,575 4.47%
    44% 68 $6,370,000 $93,676 $1,285 4.56%
    45% 55 $4,645,000 $84,455 $1,367 4.63%
    46% 43 $5,185,000 $120,581 $2,539 4.72%
    47% 35 $4,145,000 $118,429 $1,871 3.99%
    50-60% 17 $1,585,000 $93,235 $986 5.13%
    48% 16 $1,390,000 $86,875 $2,012 4.96%
    49% 9 $1,345,000 $149,444 $3,259 3.88%
    >60% 4 $450,000 $112,500 $0 3.68%

    First Community lent most frequently to those with DTI ratios of 20-30%, with 753 originations. The next most common DTI ratio? 30-36%, with 593 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,266 $274,160,000 $120,989 $1,452 4.50%
    Not provided 270 $36,040,000 $133,481 $1,511 4.36%
    Black 136 $17,200,000 $126,471 $883 4.83%
    Asian 56 $11,320,000 $202,143 $1,379 4.20%
    Asian Indian 22 $6,220,000 $282,727 $2,556 3.60%
    American Indian 13 $1,195,000 $91,923 $1,171 4.92%
    Not applicable 5 $515,000 $103,000 $0 4.75%
    Native Hawaiian or Islander 4 $500,000 $125,000 $205 5.06%
    Chinese 2 $440,000 $220,000 $3,606 5.19%
    Korean 2 $360,000 $180,000 $4,062 5.00%
    Other Asian 4 $300,000 $75,000 $506 5.43%
    Filipino 1 $105,000 $105,000 $0 6.24%
    Other Pacific Islander 2 $90,000 $45,000 $0 5.24%

    Approval Rates

    Total approvals of all applications
    67.17%

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

    Pick Rate

    Approvals leading to origination
    19.94%

    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
    NA 2,783 $348,445,000 $125,205

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,783 $348,445,000 $125,205

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 619 $61,755,000 $99,766 $1,155 4.28%
    40-60% 266 $42,370,000 $159,286 $2,123 3.92%
    60-80% 278 $59,690,000 $214,712 $2,673 4.05%
    80-100% 532 $130,700,000 $245,677 $1,252 4.76%
    Under 20% 1,088 $53,930,000 $49,568 $593 4.74%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%