First Community Bank Of Central Alabama Mortgage Rates, Fees & Info
Wetumpka, ALLEI: 549300VIIXX6NYY12891
Tax ID: 63-1282948
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Mortgage Data
Review & Overview
First Community Bank Of Central Alabama is a smaller bank specializing in Home Purchase and Refi loans. First Community Bank Of Central Alabama has a high proportion of conventional loans. Their top markets by origination volume include: Montgomery, Auburn, Alexander City, Birmingham, and Daphne among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)First Community Bank Of Central Alabama has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
73Origination Dollar Volume (All Markets)
$13,275,000Top 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 |
|---|---|---|---|---|---|
| MONTGOMERY, AL (FHA|USDA|VA) | 54 | $9,500,000 | $175,926 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $655,000 | $655,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 6 | $610,000 | $101,667 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Troy, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Selma, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $13,275,000 | $181,849 | $0 | 0.00% |
For 2023, First Community Bank Of Central Alabama's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 52 | $7,430,000 | $142,885 | $0 | 0.00% |
| Refi | 21 | $5,845,000 | $278,333 | $0 | 0.00% |
For 2023, First Community Bank Of Central Alabama's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $13,275,000 | $181,849 | $0 | 0.00% |
For 2023, First Community Bank Of Central Alabama's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2023 saw First Community Bank Of Central Alabama place emphasis on $100k-200k loans with 30 originations, totaling $4,310,000 in origination value.
Applicant Income
First Community Bank Of Central Alabama lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $13,275,000 | $181,849 | $0 | 0.00% |
First Community Bank Of Central Alabama lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.53%
First Community Bank Of Central Alabama has an average approval rate.
Pick Rate
Approvals leading to origination94.52%
First Community Bank Of Central Alabama has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 73 | $13,275,000 | $181,849 |