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 Home Purchase loans. First Us Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cullman, Birmingham, Jasper, Knoxville, and Daphne among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Us Bank has an 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

34

Origination Dollar Volume (All Markets)

$27,240,000

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
Cullman, AL (FHA|USDA|VA) 2 $9,210,000 $4,605,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $7,595,000 $1,085,000 $0 0.00%
Jasper, AL (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 8 $2,800,000 $350,000 $0 0.00%
Outside of Metro Areas 13 $1,395,000 $107,308 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $595,000 $595,000 $0 0.00%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
First Us Bank's top markets include Cullman, Birmingham, Jasper, Knoxville, and Daphne among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 34 $27,240,000 $801,176 $0 0.00%

    For 2022, First Us Bank's most frequently originated type of loan was Conventional, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 14 $1,540,000 $110,000 $0 0.00%
    Home Purchase 13 $23,375,000 $1,798,077 $0 0.00%
    Cash Out Refi 5 $1,265,000 $253,000 $0 0.00%
    Home Improvement 1 $1,055,000 $1,055,000 $0 0.00%
    Other 1 $5,000 $5,000 $0 0.00%

    For 2022, First Us Bank's most frequently cited loan purpose was Refi, with 14 originations. The 2nd most popular reason was Home Purchase, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 34 $27,240,000 $801,176 $0 0.00%

    For 2022, First Us Bank's most frequently cited loan duration was Other, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 17 $875,000 $51,471 $0 0.00%
    $100k-200k 4 $530,000 $132,500 $0 0.00%
    $1MM+ 4 $21,280,000 $5,320,000 $0 0.00%
    $200k-400k 3 $765,000 $255,000 $0 0.00%
    $400k-600k 3 $1,515,000 $505,000 $0 0.00%
    $600k-1MM 3 $2,275,000 $758,333 $0 0.00%

    2022 saw First Us Bank place emphasis on $100,000 or less loans with 17 originations, totaling $875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 6 $490,000 $81,667 $0 0.00%
    $50k or less 6 $380,000 $63,333 $0 0.00%
    $150k-250k 3 $225,000 $75,000 $0 0.00%
    $250k+ 3 $1,025,000 $341,667 $0 0.00%
    $75k-100k 3 $335,000 $111,667 $0 0.00%
    $100k-150k 1 $25,000 $25,000 $0 0.00%

    First Us Bank lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $50k or less, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 34 $27,240,000 $801,176 $0 0.00%

    First Us Bank lent most frequently to those with DTI ratios of Exempt%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 12 $24,760,000 $2,063,333 $0 0.00%
    White 19 $2,405,000 $126,579 $0 0.00%
    Black 3 $75,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.06%

    First Us Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.41%

    First Us Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 34 $27,240,000 $801,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    34 $27,240,000 $801,176

    Complaints

    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%