First National Bank Of South Carolina Mortgage Rates, Fees & Info

Summerville, SC

LEI: 549300X0240UXBEJNV56

Tax ID: 57-0182454

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 National Bank Of South Carolina is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First National Bank Of South Carolina has a high proportion of conventional loans. Their top two markets are Charleston and Orangeburg .

    First National Bank Of South Carolina has an above average approval rate when compared to the average across all lenders.

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    Originations

    33

    Origination Dollar Volume (All Markets)

    $4,605,000

    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
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 30 $4,200,000 $140,000 $0 0.00%
    Orangeburg, SC (FHA|USDA|VA) 3 $405,000 $135,000 $0 0.00%
    First National Bank Of South Carolina's top markets include Charleston and Orangeburg among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 33 $4,605,000 $139,545 $0 0.00%

    For 2019, First National Bank Of South Carolina's most frequently originated type of loan was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $2,485,000 $146,176 $0 0.00%
    Cash Out Refi 8 $940,000 $117,500 $0 0.00%
    Refi 5 $755,000 $151,000 $0 0.00%
    Home Improvement 2 $150,000 $75,000 $0 0.00%
    Other 1 $275,000 $275,000 $0 0.00%

    For 2019, First National Bank Of South Carolina's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 33 $4,605,000 $139,545 $0 0.00%

    For 2019, First National Bank Of South Carolina's most frequently cited loan duration was Other, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 15 $2,055,000 $137,000 $0 0.00%
    $100,000 or less 10 $550,000 $55,000 $0 0.00%
    $200k-400k 8 $2,000,000 $250,000 $0 0.00%

    2019 saw First National Bank Of South Carolina place emphasis on $100k-200k loans with 15 originations, totaling $2,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $1,465,000 $209,286 $0 0.00%
    $50k-75k 5 $575,000 $115,000 $0 0.00%
    $50k or less 5 $555,000 $111,000 $0 0.00%
    $75k-100k 4 $540,000 $135,000 $0 0.00%
    $150k-250k 3 $445,000 $148,333 $0 0.00%
    $250k+ 1 $75,000 $75,000 $0 0.00%

    First National Bank Of South Carolina lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k-75k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 33 $4,605,000 $139,545 $0 0.00%

    First National Bank Of South Carolina lent most frequently to those with DTI ratios of Exempt%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 21 $2,905,000 $138,333 $0 0.00%
    Not applicable 8 $950,000 $118,750 $0 0.00%
    Asian 4 $750,000 $187,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.06%

    First National Bank Of South Carolina has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 33 $4,605,000 $139,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $225,000 $75,000
    Single Family (1-4 Units):Site-Built 30 $4,380,000 $146,000

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 3 50.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Closing on a mortgage 2 33.3%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 16.7%