First Advantage Bank Mortgage Rates, Fees & Info
Clarksville, TNLEI: 549300X81DB0TLVVZF81
Tax ID: 62-0529262
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Mortgage Data
Review & Overview
First Advantage Bank is a smaller bank specializing in Home Purchase and Refi loans. First Advantage Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top two markets are Clarksville and Nashville .First Advantage Bank 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 Advantage Bank 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.
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Originations
302Origination Dollar Volume (All Markets)
$36,800,000Awards
First Advantage Bank - 2020
First Advantage Bank is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 200 | $13,030,000 | $65,150 | $2,613 | 7.84% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 67 | $13,025,000 | $194,403 | $3,772 | 3.65% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 35 | $10,745,000 | $307,000 | $2,836 | 3.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Advantage Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 350
Similarity Rank: 680
Similarity Rank: 684
Similarity Rank: 832
Similarity Rank: 1245
Similarity Rank: 1350
Similarity Rank: 1430
Similarity Rank: 1771
Similarity Rank: 1786
Similarity Rank: 1818
Product Mix
For 2020, First Advantage Bank's most frequently originated type of loan was Conventional, with 260 originations. Their 2nd most popular type was VA, with 32 originations.
Loan Reason
For 2020, First Advantage Bank's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
For 2020, First Advantage Bank's most frequently cited loan duration was Other, with 166 originations. The 2nd most popular length was 30 Year, with 95 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 77 | $16,345,000 | $212,273 |
| $1k-2k | 26 | $6,620,000 | $254,615 |
| $5k+ | 1 | $445,000 | $445,000 |
First Advantage Bank's average total fees were $3,444, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 77 originations.
Interest Rates
During 2020, First Advantage Bank's average interest rate for loans was 3.47%, while their most frequently originated rate bucket for loans was Over 8%, with 96 originations.
Loan Sizing
2020 saw First Advantage Bank place emphasis on $100,000 or less loans with 199 originations, totaling $11,265,000 in origination value.
Applicant Income
First Advantage Bank lent most frequently to those with incomes in the $50k or less range, with 138 originations. The second most popular income band? $50k-75k, with 73 originations.
Applicant Debt to Income Ratio
First Advantage Bank lent most frequently to those with DTI ratios of 20-30%, with 78 originations. The next most common DTI ratio? 30-36%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications37.31%
First Advantage Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-35.10%
First Advantage Bank 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 |
|---|---|---|---|
| 1001.26 | 1 | $65,000 | $65,000 |
| 1002.45 | 1 | $65,000 | $65,000 |
| 1007.42 | 1 | $65,000 | $65,000 |
| 1029.96 | 1 | $75,000 | $75,000 |
| 1030.0 | 1 | $75,000 | $75,000 |
| 1031.43 | 1 | $75,000 | $75,000 |
| 1036.7 | 1 | $75,000 | $75,000 |
| 1038.41 | 1 | $75,000 | $75,000 |
| 1039.11 | 1 | $75,000 | $75,000 |
| 1053.48 | 1 | $75,000 | $75,000 |
| 1066.0 | 1 | $75,000 | $75,000 |
| 1072.17 | 1 | $75,000 | $75,000 |
| 1077.73 | 1 | $75,000 | $75,000 |
| 1090.0 | 1 | $75,000 | $75,000 |
| 1116.43 | 1 | $75,000 | $75,000 |
| 1120.3 | 1 | $85,000 | $85,000 |
| 1136.5 | 1 | $75,000 | $75,000 |
| 1153.76 | 1 | $85,000 | $85,000 |
| 1161.55 | 1 | $85,000 | $85,000 |
| 1174.53 | 1 | $85,000 | $85,000 |
| 1178.84 | 1 | $85,000 | $85,000 |
| 1180.38 | 1 | $85,000 | $85,000 |
| 1201.33 | 1 | $85,000 | $85,000 |
| 1207.6 | 1 | $85,000 | $85,000 |
| 1226.19 | 1 | $85,000 | $85,000 |
| 1238.95 | 1 | $85,000 | $85,000 |
| 1255.21 | 1 | $85,000 | $85,000 |
| 1260.99 | 1 | $85,000 | $85,000 |
| 1281.2 | 1 | $45,000 | $45,000 |
| 1294.0 | 1 | $45,000 | $45,000 |
| 1301.39 | 1 | $95,000 | $95,000 |
| 1304.05 | 1 | $85,000 | $85,000 |
| 1311.22 | 1 | $65,000 | $65,000 |
| 1317.58 | 1 | $45,000 | $45,000 |
| 1337.62 | 1 | $95,000 | $95,000 |
| 1390.04 | 1 | $45,000 | $45,000 |
| 1413.95 | 1 | $95,000 | $95,000 |
| 1467.92 | 1 | $55,000 | $55,000 |
| 1484.7 | 1 | $105,000 | $105,000 |
| 1522.7 | 1 | $105,000 | $105,000 |
| 1548.7 | 1 | $105,000 | $105,000 |
| 1563.84 | 1 | $55,000 | $55,000 |
| 1588.72 | 1 | $55,000 | $55,000 |
| 1711.75 | 1 | $115,000 | $115,000 |
| 1727.64 | 1 | $65,000 | $65,000 |
| 1786.0 | 1 | $65,000 | $65,000 |
| 1847.22 | 1 | $125,000 | $125,000 |
| 1904.88 | 1 | $65,000 | $65,000 |
| 1910.58 | 1 | $65,000 | $65,000 |
| 2016.84 | 1 | $75,000 | $75,000 |
| 2115.37 | 1 | $145,000 | $145,000 |
| 2364.92 | 1 | $85,000 | $85,000 |
| 2455.43 | 1 | $105,000 | $105,000 |
| 3463.3 | 1 | $125,000 | $125,000 |
| 3508.0 | 1 | $125,000 | $125,000 |
| 3685.72 | 1 | $135,000 | $135,000 |
| 3734.2 | 1 | $135,000 | $135,000 |
| 376.7 | 1 | $25,000 | $25,000 |
| 393.2 | 1 | $25,000 | $25,000 |
| 4.0 | 3 | $105,000 | $35,000 |
| 402.13 | 1 | $25,000 | $25,000 |
| 417.87 | 1 | $25,000 | $25,000 |
| 454.56 | 1 | $15,000 | $15,000 |
| 463.6 | 1 | $35,000 | $35,000 |
| 484.56 | 1 | $35,000 | $35,000 |
| 489.36 | 1 | $35,000 | $35,000 |
| 494.43 | 1 | $35,000 | $35,000 |
| 498.39 | 1 | $35,000 | $35,000 |
| 516.1 | 1 | $35,000 | $35,000 |
| 517.15 | 1 | $35,000 | $35,000 |
| 519.41 | 1 | $35,000 | $35,000 |
| 522.81 | 1 | $35,000 | $35,000 |
| 523.08 | 1 | $35,000 | $35,000 |
| 527.87 | 1 | $35,000 | $35,000 |
| 529.37 | 1 | $35,000 | $35,000 |
| 530.56 | 1 | $35,000 | $35,000 |
| 540.44 | 1 | $35,000 | $35,000 |
| 543.51 | 1 | $35,000 | $35,000 |
| 552.43 | 1 | $35,000 | $35,000 |
| 561.3 | 1 | $35,000 | $35,000 |
| 565.0 | 1 | $35,000 | $35,000 |
| 568.63 | 1 | $35,000 | $35,000 |
| 589.81 | 1 | $45,000 | $45,000 |
| 590.91 | 1 | $45,000 | $45,000 |
| 607.34 | 1 | $45,000 | $45,000 |
| 607.45 | 1 | $45,000 | $45,000 |
| 610.15 | 1 | $45,000 | $45,000 |
| 617.37 | 1 | $45,000 | $45,000 |
| 620.43 | 1 | $45,000 | $45,000 |
| 636.48 | 1 | $45,000 | $45,000 |
| 640.83 | 1 | $45,000 | $45,000 |
| 642.45 | 1 | $45,000 | $45,000 |
| 643.65 | 1 | $45,000 | $45,000 |
| 648.93 | 1 | $45,000 | $45,000 |
| 649.23 | 1 | $45,000 | $45,000 |
| 652.42 | 1 | $45,000 | $45,000 |
| 656.5 | 1 | $45,000 | $45,000 |
| 657.13 | 1 | $45,000 | $45,000 |
| 658.24 | 1 | $45,000 | $45,000 |
| 662.88 | 1 | $45,000 | $45,000 |
| 664.38 | 1 | $45,000 | $45,000 |
| 665.24 | 1 | $45,000 | $45,000 |
| 669.51 | 1 | $45,000 | $45,000 |
| 674.8 | 1 | $45,000 | $45,000 |
| 675.33 | 1 | $45,000 | $45,000 |
| 676.84 | 1 | $45,000 | $45,000 |
| 677.05 | 1 | $45,000 | $45,000 |
| 677.65 | 1 | $45,000 | $45,000 |
| 678.59 | 1 | $45,000 | $45,000 |
| 680.19 | 1 | $45,000 | $45,000 |
| 681.93 | 1 | $45,000 | $45,000 |
| 682.94 | 1 | $45,000 | $45,000 |
| 687.56 | 1 | $45,000 | $45,000 |
| 689.24 | 1 | $45,000 | $45,000 |
| 691.24 | 1 | $45,000 | $45,000 |
| 693.57 | 1 | $45,000 | $45,000 |
| 697.86 | 1 | $45,000 | $45,000 |
| 700.0 | 1 | $45,000 | $45,000 |
| 704.22 | 1 | $45,000 | $45,000 |
| 709.06 | 1 | $45,000 | $45,000 |
| 712.81 | 1 | $45,000 | $45,000 |
| 717.13 | 1 | $55,000 | $55,000 |
| 717.55 | 1 | $45,000 | $45,000 |
| 718.0 | 1 | $45,000 | $45,000 |
| 720.99 | 1 | $55,000 | $55,000 |
| 724.41 | 1 | $55,000 | $55,000 |
| 735.71 | 1 | $55,000 | $55,000 |
| 736.11 | 1 | $55,000 | $55,000 |
| 737.5 | 1 | $55,000 | $55,000 |
| 740.08 | 1 | $55,000 | $55,000 |
| 748.56 | 1 | $55,000 | $55,000 |
| 748.87 | 1 | $55,000 | $55,000 |
| 751.45 | 1 | $55,000 | $55,000 |
| 753.7 | 1 | $55,000 | $55,000 |
| 764.01 | 1 | $55,000 | $55,000 |
| 770.28 | 1 | $55,000 | $55,000 |
| 775.35 | 1 | $55,000 | $55,000 |
| 775.53 | 1 | $55,000 | $55,000 |
| 775.91 | 1 | $55,000 | $55,000 |
| 782.5 | 1 | $55,000 | $55,000 |
| 785.66 | 1 | $55,000 | $55,000 |
| 792.09 | 2 | $110,000 | $55,000 |
| 793.02 | 1 | $55,000 | $55,000 |
| 798.91 | 1 | $55,000 | $55,000 |
| 803.97 | 1 | $55,000 | $55,000 |
| 808.56 | 1 | $55,000 | $55,000 |
| 816.19 | 1 | $55,000 | $55,000 |
| 817.81 | 1 | $55,000 | $55,000 |
| 821.72 | 1 | $55,000 | $55,000 |
| 824.01 | 1 | $55,000 | $55,000 |
| 826.71 | 1 | $55,000 | $55,000 |
| 836.46 | 1 | $55,000 | $55,000 |
| 837.7 | 1 | $55,000 | $55,000 |
| 839.01 | 1 | $55,000 | $55,000 |
| 842.66 | 1 | $55,000 | $55,000 |
| 847.9 | 1 | $55,000 | $55,000 |
| 853.18 | 1 | $55,000 | $55,000 |
| 868.26 | 1 | $55,000 | $55,000 |
| 873.35 | 1 | $55,000 | $55,000 |
| 882.96 | 1 | $65,000 | $65,000 |
| 896.06 | 1 | $65,000 | $65,000 |
| 901.73 | 1 | $65,000 | $65,000 |
| 905.68 | 1 | $65,000 | $65,000 |
| 909.71 | 1 | $65,000 | $65,000 |
| 943.98 | 1 | $65,000 | $65,000 |
| 957.23 | 1 | $65,000 | $65,000 |
| 959.25 | 1 | $65,000 | $65,000 |
| 962.0 | 1 | $65,000 | $65,000 |
| 972.36 | 1 | $65,000 | $65,000 |
| 977.94 | 1 | $65,000 | $65,000 |
| 980.98 | 1 | $65,000 | $65,000 |
| 983.32 | 1 | $65,000 | $65,000 |
| 991.68 | 1 | $75,000 | $75,000 |
| 996.83 | 1 | $65,000 | $65,000 |
| NA | 125 | $26,335,000 | $210,680 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| FIRST HORIZON BANK | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | Other type of mortgage | Closing on a mortgage | 2 | 13.3% |