Fcn Bank Mortgage Rates, Fees & Info

Brookville, IN

LEI: 549300XYOAX0LV89BL94

Tax ID: 35-0320211

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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 loans. Fcn Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Connersville, Youngstown, Crestview, and Cleveland among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fcn 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. 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/17/24
    30 Year Conventional Purchase 6.87% 11/17/24
    30 Year Conventional Refi 6.89% 11/17/24
    30 Year Cash-out Refi 7.03% 11/17/24
    15 Year Conventional Purchase 6.82% 11/17/24
    15 Year Conventional Refi 6.49% 11/17/24
    15 Year Cash-out Refi 6.49% 11/17/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Fcn Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    236

    Origination Dollar Volume (All Markets)

    $60,460,000

    Awards

    FCN Bank 30 Year Conventional Loans silver FCN Bank 30 Year Conventional Loans bronze FCN Bank 30 Year Conventional Loans bronze
    Show all (3) 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) 143 $40,985,000 $286,608 $2,260 5.04%
    Outside of Metro Areas 47 $6,645,000 $141,383 $2,081 5.47%
    Connersville, IN (FHA|USDA|VA) 33 $4,315,000 $130,758 $2,190 5.23%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $2,805,000 $2,805,000 $0 5.25%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 4.25%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $0 5.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $955,000 $955,000 $0 5.88%
    Wilmington, OH (FHA|USDA|VA) 1 $585,000 $585,000 $0 4.63%
    Greensburg, IN (FHA|USDA|VA) 3 $395,000 $131,667 $4,085 5.75%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $380,000 $190,000 $2,436 7.13%
    Richmond, IN (FHA|USDA|VA) 2 $370,000 $185,000 $0 5.19%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,212 6.25%
    Fcn Bank's top markets include Cincinnati, Connersville, Youngstown, Crestview, and Cleveland among others.

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

    First Bank Richmond
    Similarity Rank: 68
    Sharefax Credit Union
    Similarity Rank: 170
    CINFED Federal Credit Union
    Similarity Rank: 210
    The North Side Bank & Trust Company
    Similarity Rank: 450
    Eagle Savings Bank
    Similarity Rank: 546
    The Friendship State Bank
    Similarity Rank: 623
    Somerville Bank
    Similarity Rank: 819
    Forcht Bank
    Similarity Rank: 820
    KEMBA CREDIT UNION, INC.
    Similarity Rank: 840
    LCNB National Bank
    Similarity Rank: 936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 228 $57,650,000 $252,851 $2,248 5.18%
    HELOC 8 $2,810,000 $351,250 n/a 5.38%

    For 2022, Fcn Bank's most frequently originated type of loan was Conventional, with 228 originations. Their 2nd most popular type was HELOC, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 102 $36,060,000 $353,529 $3,297 5.28%
    Cash Out Refi 58 $10,830,000 $186,724 $2,480 4.65%
    Refi 33 $10,215,000 $309,545 $1,601 4.94%
    Other 28 $2,360,000 $84,286 $268 5.75%
    Home Improvement 15 $995,000 $66,333 $568 6.05%

    For 2022, Fcn Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 83 $16,645,000 $200,542 $3,168 5.10%
    Other 62 $28,670,000 $462,419 $901 5.18%
    15 Year 48 $4,340,000 $90,417 $1,542 5.23%
    20 Year 23 $4,145,000 $180,217 $2,042 4.87%
    5 Year 8 $670,000 $83,750 $363 5.39%
    10 Year 8 $380,000 $47,500 $496 5.73%
    1 Year 3 $5,425,000 $1,808,333 $4,234 6.42%
    3 Year 1 $185,000 $185,000 $0 7.50%

    For 2022, Fcn Bank's most frequently cited loan duration was 30 Year, with 83 originations. The 2nd most popular length was Other, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 96 $10,040,000 $104,583
    $1k-2k 37 $6,545,000 $176,892
    $2k-3k 16 $3,320,000 $207,500
    $3k-4k 6 $1,270,000 $211,667
    $5k+ 5 $1,695,000 $339,000
    $4k-5k 4 $700,000 $175,000

    Fcn Bank's average total fees were $3,168, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 96 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 71 $19,515,000 $274,859
    4-5% 60 $16,560,000 $276,000
    3-4% 41 $11,555,000 $281,829
    6-7% 41 $10,795,000 $263,293
    7-8% 15 $1,065,000 $71,000
    2.5-3% 8 $970,000 $121,250

    During 2022, Fcn Bank's average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 5-6%, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 91 $5,255,000 $57,747 $1,312 5.41%
    $100k-200k 70 $10,260,000 $146,571 $2,558 5.10%
    $200k-400k 43 $11,765,000 $273,605 $3,885 5.03%
    $400k-600k 13 $6,655,000 $511,923 $2,062 4.75%
    $600k-1MM 10 $8,310,000 $831,000 $7,503 5.24%
    $1MM+ 9 $18,215,000 $2,023,889 $0 4.89%

    2022 saw Fcn Bank place emphasis on $100,000 or less loans with 91 originations, totaling $5,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 44 $4,010,000 $91,136 $1,984 5.01%
    $50k-75k 34 $4,100,000 $120,588 $2,050 4.94%
    $100k-150k 33 $6,275,000 $190,152 $2,837 5.78%
    $75k-100k 33 $4,025,000 $121,970 $1,919 5.22%
    $150k-250k 21 $3,635,000 $173,095 $2,586 5.31%
    $250k+ 3 $1,865,000 $621,667 $3,339 5.58%

    Fcn Bank lent most frequently to those with incomes in the $50k or less range, with 44 originations. The second most popular income band? $50k-75k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 46 $5,870,000 $127,609 $2,375 5.22%
    30-36% 32 $3,660,000 $114,375 $2,270 5.02%
    <20% 21 $3,525,000 $167,857 $1,999 4.96%
    38% 13 $1,695,000 $130,385 $1,828 5.71%
    37% 11 $1,345,000 $122,273 $1,285 5.33%
    39% 9 $1,285,000 $142,778 $1,298 5.61%
    40% 5 $915,000 $183,000 $1,930 5.60%
    41% 5 $1,535,000 $307,000 $3,730 5.40%
    43% 4 $490,000 $122,500 $2,418 4.63%
    36% 4 $330,000 $82,500 $1,384 4.50%
    42% 3 $545,000 $181,667 $4,896 5.63%
    48% 3 $385,000 $128,333 $1,566 4.21%
    45% 2 $300,000 $150,000 $1,527 4.63%
    46% 2 $800,000 $400,000 $3,911 6.06%
    50-60% 2 $730,000 $365,000 $7,142 6.00%
    44% 2 $130,000 $65,000 $1,619 5.31%
    47% 1 $35,000 $35,000 $3,190 7.63%
    49% 1 $225,000 $225,000 $4,343 6.00%

    Fcn Bank lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 57 $34,915,000 $612,544 $0 5.08%
    White 167 $24,715,000 $147,994 $2,347 5.22%
    Not provided 10 $690,000 $69,000 $806 5.28%
    Black 1 $85,000 $85,000 $3,538 4.38%
    American Indian 1 $55,000 $55,000 $350 5.00%

    Approval Rates

    Total approvals of all applications
    86.11%

    Fcn Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.20%

    Fcn Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 236 $60,460,000 $256,186

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    236 $60,460,000 $256,186

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $1,540,000 $64,167 $809 5.47%
    40-60% 37 $4,855,000 $131,216 $1,814 5.00%
    60-80% 82 $31,910,000 $389,146 $3,406 5.03%
    80-100% 51 $13,305,000 $260,882 $3,185 5.18%
    Over 100% 11 $7,415,000 $674,091 $0 5.13%
    Under 20% 31 $1,435,000 $46,290 $591 5.60%