First Us Bank Mortgage Rates, Fees & Info

Birmingham, AL

LEI: 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

15

Origination Dollar Volume (All Markets)

$1,355,000

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
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%
First Us Bank's top markets include Knoxville, Cleveland, Las Vegas, Birmingham, and Tuscaloosa among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • 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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 5 $355,000 $71,000 $0 0.00%
    $50k or less 3 $135,000 $45,000 $0 0.00%
    $75k-100k 3 $375,000 $125,000 $0 0.00%
    $150k-250k 1 $65,000 $65,000 $0 0.00%
    $50k-75k 1 $45,000 $45,000 $0 0.00%

    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 applications
    67.74%

    First Us Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    60.00%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    15 $1,355,000 $90,333