First Vision Bank Of Tennessee Mortgage Rates, Fees & InfoTullahoma, TN
Tax ID: 20-3376201
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFirst Vision Bank Of Tennessee is a smaller bank specializing in Home Purchase loans. First Vision Bank Of Tennessee has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Tullahoma, Nashville, Mcminnville, Shelbyville, and Crestview among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)
First Vision Bank Of Tennessee has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Vision Bank Of Tennessee is typically an average 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||4/2/23|
|30 Year Conventional Purchase||6.52%||4/2/23|
|30 Year Conventional Refi||6.51%||4/2/23|
|30 Year Cash-out Refi||6.63%||4/2/23|
|30 Year FHA Purchase||7.21%||4/2/23|
|30 Year FHA Refi||7.20%||4/2/23|
|30 Year VA Purchase||6.60%||4/2/23|
|30 Year USDA Purchase||6.73%||4/2/23|
|15 Year Conventional Purchase||6.00%||4/2/23|
|15 Year Conventional Refi||6.21%||4/2/23|
|15 Year Cash-out Refi||6.21%||4/2/23|
|15 Year VA Refi||5.68%||4/2/23|
|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 Vision Bank Of Tennessee Mortgage Calculator
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This is not an official calculator from First Vision Bank Of Tennessee. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$102,570,000
First Vision Bank Of Tennessee's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.13%.
Relative Fees (Closing Costs)
First Vision Bank Of Tennessee's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,634.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|Tullahoma-Manchester, TN (FHA|USDA|VA)||191||$41,005,000||$214,686||$5,066||4.92%|
|NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)||112||$37,410,000||$334,018||$6,873||4.63%|
|Outside of Metro Areas||27||$6,745,000||$249,815||$4,021||4.76%|
|McMinnville, TN (FHA|USDA|VA)||9||$4,325,000||$480,556||$6,245||4.49%|
|Shelbyville, TN (FHA|USDA|VA)||11||$3,455,000||$314,091||$5,768||5.09%|
|CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)||2||$3,000,000||$1,500,000||$0||3.15%|
|CHATTANOOGA, TN-GA (FHA|USDA|VA)||9||$2,385,000||$265,000||$5,756||5.32%|
|KNOXVILLE, TN (FHA|USDA|VA)||2||$800,000||$400,000||$9,407||5.51%|
|HUNTSVILLE, AL (FHA|USDA|VA)||2||$720,000||$360,000||$4,556||5.00%|
|DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)||1||$525,000||$525,000||$3,843||3.75%|
|Sevierville, TN (FHA|USDA|VA)||1||$495,000||$495,000||$9,558||4.50%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||1||$335,000||$335,000||$11,871||4.13%|
|HINESVILLE, GA (FHA|USDA|VA)||1||$305,000||$305,000||$11,333||6.13%|
|CLARKSVILLE, TN-KY (FHA|USDA|VA)||1||$295,000||$295,000||$15,084||4.50%|
|Cookeville, TN (FHA|USDA|VA)||1||$275,000||$275,000||$3,696||4.63%|
|Tupelo, MS (FHA|USDA|VA)||1||$215,000||$215,000||$8,077||4.88%|
|Lawrenceburg, TN (FHA|USDA|VA)||1||$155,000||$155,000||$4,129||5.13%|
|Calhoun, GA (FHA|USDA|VA)||1||$125,000||$125,000||$4,365||5.63%|
We use machine learning to identify the top lenders compared against First Vision Bank of Tennessee based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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For 2022, First Vision Bank Of Tennessee's most frequently originated type of loan was Conventional, with 288 originations. Their 2nd most popular type was FHA, with 54 originations.
For 2022, First Vision Bank Of Tennessee's most frequently cited loan purpose was Home Purchase, with 234 originations. The 2nd most popular reason was Refi, with 68 originations.
For 2022, First Vision Bank Of Tennessee's most frequently cited loan duration was 30 Year, with 236 originations. The 2nd most popular length was Other, with 37 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
First Vision Bank Of Tennessee's average total fees were $6,634, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 120 originations.
During 2022, First Vision Bank Of Tennessee's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 5-6%, with 119 originations.
2022 saw First Vision Bank Of Tennessee place emphasis on $200k-400k loans with 168 originations, totaling $48,120,000 in origination value.
First Vision Bank Of Tennessee lent most frequently to those with incomes in the $50k-75k range, with 83 originations. The second most popular income band? $75k-100k, with 70 originations.
Applicant Debt to Income Ratio
First Vision Bank Of Tennessee lent most frequently to those with DTI ratios of 30-36%, with 60 originations. The next most common DTI ratio? 20-30%, with 54 originations.
Approval RatesTotal approvals of all applications
First Vision Bank Of Tennessee has an average approval rate.
Pick RateApprovals leading to origination
First Vision Bank Of Tennessee has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|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%|