Fcn Bank Mortgage Rates, Fees & Info

Brookville, IN

LEI: 549300XYOAX0LV89BL94

Tax ID: 35-0320211

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    282

    Origination Dollar Volume (All Markets)

    $63,950,000

    Awards

    FCN Bank 30 Year Conventional Loans gold FCN Bank 30 Year Conventional Loans silver FCN Bank 30 Year Conventional Loans gold FCN Bank 30 Year Conventional Loans gold
    Show all (4) awards

    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%
    Fcn Bank's top markets include Cincinnati, Connersville, Dayton, Crestview, and Somerset among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • 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.

    The North Side Bank & Trust Company
    Similarity Rank: 168
    Forcht Bank
    Similarity Rank: 380
    CINFED Federal Credit Union
    Similarity Rank: 483
    Eagle Savings Bank
    Similarity Rank: 484
    LCNB National Bank
    Similarity Rank: 486
    Somerville Bank
    Similarity Rank: 600
    FCN Bank
    Similarity Rank: 675
    Sharefax Credit Union
    Similarity Rank: 693
    The Friendship State Bank
    Similarity Rank: 783
    Central Bank
    Similarity Rank: 812

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 117 $32,035,000 $273,803 $2,785 6.68%
    Refi 55 $14,885,000 $270,636 $704 6.92%
    Cash Out Refi 51 $13,405,000 $262,843 $2,309 6.64%
    Other 39 $1,955,000 $50,128 $212 7.46%
    Home Improvement 20 $1,670,000 $83,500 $139 7.44%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 94 $21,280,000 $226,383 $2,699 6.58%
    Other 77 $28,715,000 $372,922 $997 6.77%
    15 Year 61 $5,825,000 $95,492 $534 7.23%
    10 Year 22 $1,920,000 $87,273 $323 7.52%
    20 Year 12 $1,640,000 $136,667 $2,053 6.41%
    30+ year 5 $1,965,000 $393,000 $3,943 6.15%
    3 Year 4 $2,060,000 $515,000 $0 8.13%
    5 Year 4 $50,000 $12,500 $0 7.29%
    1 Year 3 $495,000 $165,000 $0 8.08%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 146 $19,960,000 $136,712
    $1k-2k 20 $5,280,000 $264,000
    $2k-3k 15 $2,385,000 $159,000
    $3k-4k 11 $3,065,000 $278,636
    $4k-5k 1 $315,000 $315,000
    $5k+ 1 $705,000 $705,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 90 $4,700,000 $52,222 $562 7.29%
    $100k-200k 87 $12,585,000 $144,655 $2,115 6.79%
    $200k-400k 70 $19,500,000 $278,571 $2,639 6.69%
    $400k-600k 18 $8,430,000 $468,333 $3,048 6.53%
    $600k-1MM 9 $6,965,000 $773,889 $4,788 6.11%
    $1MM+ 8 $11,770,000 $1,471,250 $0 6.52%

    2023 saw Fcn Bank place emphasis on $100,000 or less loans with 90 originations, totaling $4,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 50 $9,010,000 $180,200 $1,711 6.96%
    $50k-75k 45 $6,465,000 $143,667 $1,368 6.97%
    $50k or less 39 $2,985,000 $76,538 $1,180 6.90%
    $75k-100k 39 $5,915,000 $151,667 $1,899 6.87%
    $150k-250k 23 $6,125,000 $266,304 $2,579 6.69%
    $250k+ 4 $1,990,000 $497,500 $2,750 6.59%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 51 $8,715,000 $170,882 $1,960 6.78%
    20-30% 47 $6,855,000 $145,851 $1,640 7.07%
    <20% 16 $1,480,000 $92,500 $830 6.99%
    39% 13 $2,035,000 $156,538 $1,563 7.03%
    36% 13 $1,705,000 $131,154 $1,456 6.83%
    40% 8 $1,760,000 $220,000 $1,807 7.03%
    37% 8 $1,130,000 $141,250 $923 6.80%
    38% 7 $905,000 $129,286 $1,545 6.98%
    50-60% 6 $2,400,000 $400,000 $2,996 6.31%
    42% 5 $1,165,000 $233,000 $1,580 6.83%
    43% 4 $560,000 $140,000 $1,889 6.91%
    45% 4 $1,060,000 $265,000 $2,097 6.53%
    46% 4 $670,000 $167,500 $2,617 6.34%
    41% 4 $420,000 $105,000 $1,202 7.06%
    49% 2 $410,000 $205,000 $1,930 7.06%
    47% 2 $360,000 $180,000 $2,404 7.19%
    48% 1 $165,000 $165,000 $1,577 6.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 196 $32,150,000 $164,031 $1,709 6.91%
    Not applicable 73 $29,765,000 $407,740 $0 6.78%
    Not provided 11 $1,805,000 $164,091 $1,452 6.85%
    Other Asian 1 $205,000 $205,000 $2,278 6.75%
    Black 1 $25,000 $25,000 $350 7.88%

    Approval Rates

    Total approvals of all applications
    91.95%

    Fcn Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.88%

    Fcn Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 282 $63,950,000 $226,773

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    282 $63,950,000 $226,773

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $5,020,000 $179,286 $739 6.97%
    40-60% 31 $6,025,000 $194,355 $1,749 6.96%
    60-80% 103 $26,515,000 $257,427 $2,808 6.66%
    80-100% 59 $16,015,000 $271,441 $2,596 6.74%
    Over 100% 11 $8,295,000 $754,091 $3,170 6.54%
    Under 20% 50 $2,080,000 $41,600 $178 7.46%