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: Mcallen, Brownsville, Austin, and Raymondville among others. We have data for 4 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 an above average pick rate when compared to similar lenders.
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Originations
68Origination Dollar Volume (All Markets)
$19,790,000Top 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 |
|---|---|---|---|---|---|
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 30 | $11,950,000 | $398,333 | $0 | 0.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 36 | $7,470,000 | $207,500 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $19,790,000 | $291,029 | $0 | 0.00% |
For 2019, First Community Bank's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 54 | $17,490,000 | $323,889 | $0 | 0.00% |
| Refi | 13 | $2,195,000 | $168,846 | $0 | 0.00% |
| Home Improvement | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2019, First Community Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $19,790,000 | $291,029 | $0 | 0.00% |
For 2019, First Community Bank's most frequently cited loan duration was Other, with 68 originations.
Loan Sizing
2019 saw First Community Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,310,000 in origination value.
Applicant Income
First Community Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 68 | $19,790,000 | $291,029 | $0 | 0.00% |
First Community Bank lent most frequently to those with DTI ratios of Exempt%, with 68 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 41 | $16,135,000 | $393,537 | $0 | 0.00% |
| White | 27 | $3,655,000 | $135,370 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.22%
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 origination97.06%
First Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $19,790,000 | $291,029 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST COMMUNITY MORTGAGE, INC. | VA mortgage | Closing on a mortgage | 1 | 50.0% |
| FIRST COMMUNITY MORTGAGE, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |