First Community Bank Of Central Alabama Mortgage Rates, Fees & Info
Wetumpka, ALLEI: 549300VIIXX6NYY12891
Tax ID: 63-1282948
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Crestview, and Daphne among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First Community Bank Of Central Alabama 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
125Origination Dollar Volume (All Markets)
$29,275,000Top 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) | 89 | $15,305,000 | $171,966 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 10 | $7,480,000 | $748,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 20 | $3,460,000 | $173,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,930,000 | $965,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 125 | $29,275,000 | $234,200 | $0 | 0.00% |
For 2022, First Community Bank Of Central Alabama's most frequently originated type of loan was Conventional, with 125 originations.
Loan Reason
For 2022, First Community Bank Of Central Alabama's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Refi, with 57 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 125 | $29,275,000 | $234,200 | $0 | 0.00% |
For 2022, First Community Bank Of Central Alabama's most frequently cited loan duration was Other, with 125 originations.
Loan Sizing
2022 saw First Community Bank Of Central Alabama place emphasis on $100,000 or less loans with 44 originations, totaling $2,770,000 in origination value.
Applicant Income
First Community Bank Of Central Alabama lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 125 | $29,275,000 | $234,200 | $0 | 0.00% |
First Community Bank Of Central Alabama lent most frequently to those with DTI ratios of Exempt%, with 125 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.72%
First Community Bank Of Central Alabama has an average approval rate.
Pick Rate
Approvals leading to origination93.60%
First Community Bank Of Central Alabama has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 125 | $29,275,000 | $234,200 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |