First Us Bank Mortgage Rates, Fees & Info
Birmingham, ALLEI: 549300XARD788LSGZW76
Tax ID: 63-0318800
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
34Origination Dollar Volume (All Markets)
$27,240,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
2022 saw First Us Bank place emphasis on $100,000 or less loans with 17 originations, totaling $875,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications88.06%
First Us Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.41%
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 |
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% |