First Community Bank Mortgage Rates, Fees & Info
San Benito, TXLEI: 549300XUMLWCTTKR4B35
Tax ID: 74-2058750
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Mortgage Data
Review & Overview
First Community Bank is a smaller bank specializing in Home Purchase loans. First Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Brownsville, Mcallen, Austin, Raymondville, and Houston among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)First Community Bank has an above 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
69Origination Dollar Volume (All Markets)
$21,315,000Top 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 |
|---|---|---|---|---|---|
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 44 | $12,900,000 | $293,182 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 15 | $5,725,000 | $381,667 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $0 | 0.00% |
| Raymondville, TX (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Huron, SD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $21,315,000 | $308,913 | $0 | 0.00% |
For 2018, First Community Bank's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 58 | $18,770,000 | $323,621 | $0 | 0.00% |
| Refi | 9 | $2,275,000 | $252,778 | $0 | 0.00% |
| Home Improvement | 2 | $270,000 | $135,000 | $0 | 0.00% |
For 2018, First Community Bank's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $21,315,000 | $308,913 | $0 | 0.00% |
For 2018, First Community Bank's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2018 saw First Community Bank place emphasis on $100,000 or less loans with 27 originations, totaling $1,645,000 in origination value.
Applicant Income
First Community Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $21,315,000 | $308,913 | $0 | 0.00% |
First Community Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 39 | $14,405,000 | $369,359 | $0 | 0.00% |
| White | 30 | $6,910,000 | $230,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.47%
First Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.41%
First Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $21,315,000 | $308,913 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST COMMUNITY MORTGAGE, INC. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| FIRST COMMUNITY MORTGAGE, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| FIRST COMMUNITY MORTGAGE, INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |