First Bank Richmond Mortgage Rates, Fees & Info
Richmond, INLEI: 549300Y0F8X17ADZK505
Tax ID: 35-0309830
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Mortgage Data
Review & Overview
First Bank Richmond is a smaller bank specializing in Home Purchase loans. First Bank Richmond has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Indianapolis, Sidney, Miami, and Dayton among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank Richmond 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.
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Originations
229Origination Dollar Volume (All Markets)
$43,165,000Top 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 |
|---|---|---|---|---|---|
| Richmond, IN (FHA|USDA|VA) | 122 | $20,380,000 | $167,049 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 38 | $7,730,000 | $203,421 | $0 | 0.00% |
| Sidney, OH (FHA|USDA|VA) | 16 | $1,590,000 | $99,375 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 10 | $1,330,000 | $133,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 0.00% |
| Greensburg, IN (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $490,000 | $61,250 | $0 | 0.00% |
| Connersville, IN (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $0 | 0.00% |
| COLUMBUS, IN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $0 | 0.00% |
| Greenville, OH (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 0.00% |
| New Castle, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Bank Richmond 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 | 229 | $43,165,000 | $188,493 | $0 | 0.00% |
For 2024, First Bank Richmond's most frequently originated type of loan was Conventional, with 229 originations.
Loan Reason
For 2024, First Bank Richmond's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 229 | $43,165,000 | $188,493 | $0 | 0.00% |
For 2024, First Bank Richmond's most frequently cited loan duration was Other, with 229 originations.
Loan Sizing
2024 saw First Bank Richmond place emphasis on $100,000 or less loans with 86 originations, totaling $4,720,000 in origination value.
Applicant Income
First Bank Richmond lent most frequently to those with incomes in the $50k-75k range, with 47 originations. The second most popular income band? $100k-150k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 229 | $43,165,000 | $188,493 | $0 | 0.00% |
First Bank Richmond lent most frequently to those with DTI ratios of Exempt%, with 229 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.28%
First Bank Richmond has an average approval rate.
Pick Rate
Approvals leading to origination76.42%
First Bank Richmond has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 229 | $43,165,000 | $188,493 |