First Us Bank Mortgage Rates, Fees & Info
Birmingham, ALLEI: 549300XARD788LSGZW76
Tax ID: 63-0318800
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Mortgage Data
Review & Overview
First Us Bank is a smaller bank specializing in Refi and Home Purchase loans. First Us Bank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Cleveland, Las Vegas, Birmingham, and Tuscaloosa among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First Us 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.
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Originations
15Origination Dollar Volume (All Markets)
$1,355,000Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 6 | $370,000 | $61,667 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $185,000 | $61,667 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| MOBILE, 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 | 15 | $1,355,000 | $90,333 | $0 | 0.00% |
For 2023, First Us Bank's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 10 | $540,000 | $54,000 | $0 | 0.00% |
| Home Purchase | 4 | $770,000 | $192,500 | $0 | 0.00% |
| Cash Out Refi | 1 | $45,000 | $45,000 | $0 | 0.00% |
For 2023, First Us Bank's most frequently cited loan purpose was Refi, with 10 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 15 | $1,355,000 | $90,333 | $0 | 0.00% |
For 2023, First Us Bank's most frequently cited loan duration was Other, with 15 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 12 | $670,000 | $55,833 | $0 | 0.00% |
| $200k-400k | 2 | $560,000 | $280,000 | $0 | 0.00% |
| $100k-200k | 1 | $125,000 | $125,000 | $0 | 0.00% |
2023 saw First Us Bank place emphasis on $100,000 or less loans with 12 originations, totaling $670,000 in origination value.
Applicant Income
First Us Bank lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $50k or less, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 15 | $1,355,000 | $90,333 | $0 | 0.00% |
First Us Bank lent most frequently to those with DTI ratios of Exempt%, with 15 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 12 | $950,000 | $79,167 | $0 | 0.00% |
| Not applicable | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Asian | 1 | $25,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications67.74%
First Us Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination60.00%
First Us 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 |
|---|---|---|---|
| Exempt | 15 | $1,355,000 | $90,333 |