Fcn Bank Mortgage Rates, Fees & Info
Brookville, INLEI: 549300XYOAX0LV89BL94
Tax ID: 35-0320211
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Mortgage Data
Review & Overview
Fcn Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Fcn Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Connersville, Dayton, Crestview, and Somerset among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Fcn 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. Fcn Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 12/8/24 |
30 Year Conventional Purchase | 6.87% | 12/8/24 |
30 Year Conventional Refi | 6.89% | 12/8/24 |
30 Year Cash-out Refi | 7.03% | 12/8/24 |
15 Year Conventional Purchase | 6.82% | 12/8/24 |
15 Year Conventional Refi | 6.49% | 12/8/24 |
15 Year Cash-out Refi | 6.49% | 12/8/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Fcn Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
282Origination Dollar Volume (All Markets)
$63,950,000FCN Bank - 2023
FCN Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Fcn Bank's average 30 year fixed mortgage rate was
6.58%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.1%.
Relative Fees (Closing Costs)
Fcn Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,699.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
---|---|---|---|---|---|
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 194 | $49,330,000 | $254,278 | $1,681 | 6.86% |
Outside of Metro Areas | 42 | $7,090,000 | $168,810 | $1,542 | 6.66% |
Connersville, IN (FHA|USDA|VA) | 27 | $2,565,000 | $95,000 | $1,779 | 7.23% |
DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $0 | 6.94% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 6.75% |
Somerset, KY (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,958 | 6.50% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $44 | 7.21% |
Greensburg, IN (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 7.13% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.50% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,139 | 6.38% |
CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.50% |
KNOXVILLE, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.00% |
KOKOMO, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,641 | 7.50% |
Richmond, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,095 | 6.38% |
Portsmouth, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,696 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against FCN Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 275 | $61,095,000 | $222,164 | $1,693 | 6.84% |
HELOC | 7 | $2,855,000 | $407,857 | n/a | 8.21% |
For 2023, Fcn Bank's most frequently originated type of loan was Conventional, with 275 originations. Their 2nd most popular type was HELOC, with 7 originations.
Loan Reason
For 2023, Fcn Bank's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Refi, with 55 originations.
Loan Duration/Length
For 2023, Fcn Bank's most frequently cited loan duration was 30 Year, with 94 originations. The 2nd most popular length was Other, with 77 originations.
Origination Fees/Closing Costs
Fcn Bank's average total fees were $2,699, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 146 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 153 | $38,795,000 | $253,562 |
7-8% | 68 | $10,720,000 | $157,647 |
5-6% | 35 | $11,725,000 | $335,000 |
Over 8% | 24 | $2,510,000 | $104,583 |
4-5% | 2 | $200,000 | $100,000 |
During 2023, Fcn Bank's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 153 originations.
Loan Sizing
2023 saw Fcn Bank place emphasis on $100,000 or less loans with 90 originations, totaling $4,700,000 in origination value.
Applicant Income
Fcn Bank lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $50k-75k, with 45 originations.
Applicant Debt to Income Ratio
Fcn Bank lent most frequently to those with DTI ratios of 30-36%, with 51 originations. The next most common DTI ratio? 20-30%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.95%
Fcn Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.88%
Fcn Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 282 | $63,950,000 | $226,773 |