Infirst Bank Mortgage Rates, Fees & Info

Indiana, PA

LEI: 549300YAGLRHLP0JP559

Tax ID: 25-0567090

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Infirst Bank is a smaller bank specializing in Home Purchase and Refi loans. Infirst Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indiana, Pittsburgh, Johnstown, Somerset, and Dubois among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Infirst 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. Infirst 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
    30 Year Conventional Purchase 6.25% 12/16/24
    30 Year Conventional Refi 5.60% 12/16/24
    15 Year Conventional Purchase 6.08% 12/16/24
    15 Year Conventional Refi 6.23% 12/16/24
    15 Year Cash-out Refi 6.23% 12/16/24
    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.

    Infirst Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Infirst 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

    384

    Origination Dollar Volume (All Markets)

    $40,340,000

    Employee count

    103

    Awards

    InFirst Bank 30 Year Conventional Loans gold
    Show all (1) 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
    Indiana, PA (FHA|USDA|VA) 181 $18,485,000 $102,127 $1,144 4.83%
    PITTSBURGH, PA (FHA|USDA|VA) 99 $11,135,000 $112,475 $1,114 5.41%
    Outside of Metro Areas 45 $4,435,000 $98,556 $1,181 5.05%
    JOHNSTOWN, PA (FHA|USDA|VA) 32 $3,190,000 $99,688 $828 5.24%
    Somerset, PA (FHA|USDA|VA) 13 $1,355,000 $104,231 $779 5.23%
    DuBois, PA (FHA|USDA|VA) 7 $645,000 $92,143 $1,550 5.48%
    Sevierville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.95%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $255,000 $255,000 $2,817 4.38%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.75%
    Oil City, PA (FHA|USDA|VA) 1 $155,000 $155,000 $2,852 5.75%
    ALTOONA, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.75%
    New Castle, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.75%
    Infirst Bank's top markets include Indiana, Pittsburgh, Johnstown, Somerset, and Dubois among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against InFirst Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRI BORO
    Similarity Rank: 70
    InFirst Bank
    Similarity Rank: 78
    American Financial Mortgage Corporation
    Similarity Rank: 172
    NORWICH COMMERCIAL GROUP, INC.
    Similarity Rank: 174
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 210
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 237
    M. S. Flynn, Inc.
    Similarity Rank: 252
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 328
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 344
    ARMCO CREDIT UNION
    Similarity Rank: 490

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 384 $40,340,000 $105,052 $1,139 5.08%

    For 2019, Infirst Bank's most frequently originated type of loan was Conventional, with 384 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 204 $23,030,000 $112,892 $2,279 5.20%
    Refi 117 $13,615,000 $116,368 $423 4.97%
    Home Improvement 38 $2,050,000 $53,947 $47 5.19%
    Other 24 $1,560,000 $65,000 $184 4.53%
    Cash Out Refi 1 $85,000 $85,000 $3,036 3.75%

    For 2019, Infirst Bank's most frequently cited loan purpose was Home Purchase, with 204 originations. The 2nd most popular reason was Refi, with 117 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 151 $17,355,000 $114,934 $372 5.55%
    15 Year 75 $6,485,000 $86,467 $1,052 4.72%
    30 Year 59 $9,555,000 $161,949 $2,796 4.57%
    10 Year 50 $2,610,000 $52,200 $186 4.69%
    Other 30 $2,760,000 $92,000 $0 5.64%
    5 Year 12 $670,000 $55,833 $0 4.23%
    1 Year 3 $345,000 $115,000 $0 6.01%
    30+ year 2 $520,000 $260,000 $2,419 5.25%
    3 Year 2 $40,000 $20,000 $0 3.75%

    For 2019, Infirst Bank's most frequently cited loan duration was 20 Year, with 151 originations. The 2nd most popular length was 15 Year, with 75 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 212 $21,870,000 $103,160
    $1k-2k 8 $1,070,000 $133,750

    Infirst Bank's average total fees were $2,796, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 212 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 154 $16,060,000 $104,286
    5-6% 127 $13,925,000 $109,646
    6-7% 59 $4,905,000 $83,136
    3-4% 44 $5,450,000 $123,864

    During 2019, Infirst Bank's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 235 $12,805,000 $54,489 $621 5.13%
    $100k-200k 104 $14,720,000 $141,538 $1,743 5.10%
    $200k-400k 40 $10,140,000 $253,500 $2,289 4.82%
    $400k-600k 4 $1,800,000 $450,000 $3,715 4.94%
    $600k-1MM 1 $875,000 $875,000 $5,780 5.00%

    2019 saw Infirst Bank place emphasis on $100,000 or less loans with 235 originations, totaling $12,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 92 $7,360,000 $80,000 $996 5.02%
    $50k-75k 62 $5,750,000 $92,742 $937 4.84%
    $100k-150k 57 $6,915,000 $121,316 $1,426 4.86%
    $75k-100k 53 $5,315,000 $100,283 $1,027 4.92%
    $150k-250k 15 $2,265,000 $151,000 $1,734 4.33%
    $250k+ 10 $2,330,000 $233,000 $1,428 4.88%

    Infirst Bank lent most frequently to those with incomes in the $50k or less range, with 92 originations. The second most popular income band? $50k-75k, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 75 $7,145,000 $95,267 $1,203 4.48%
    30-36% 40 $3,540,000 $88,500 $1,128 4.61%
    <20% 31 $2,585,000 $83,387 $1,017 4.36%
    39% 13 $1,565,000 $120,385 $1,020 4.74%
    36% 12 $920,000 $76,667 $434 4.67%
    37% 10 $1,450,000 $145,000 $1,085 4.71%
    40% 10 $1,370,000 $137,000 $1,680 3.95%
    38% 8 $830,000 $103,750 $386 4.89%
    43% 5 $845,000 $169,000 $1,201 4.98%
    50-60% 4 $420,000 $105,000 $1,401 5.56%
    42% 2 $280,000 $140,000 $1,374 5.19%
    44% 2 $300,000 $150,000 $2,198 4.69%
    45% 2 $1,010,000 $505,000 $2,890 5.38%
    47% 2 $270,000 $135,000 $2,521 5.19%
    41% 2 $170,000 $85,000 $888 3.88%
    48% 1 $215,000 $215,000 $3,085 4.50%

    Infirst Bank lent most frequently to those with DTI ratios of 20-30%, with 75 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 286 $30,170,000 $105,490 $1,118 4.86%
    Not applicable 83 $8,845,000 $106,566 $0 5.78%
    Not provided 7 $705,000 $100,714 $0 6.00%
    Black 4 $230,000 $57,500 $2,537 5.41%
    Vietnamese 2 $200,000 $100,000 $1,286 5.19%
    Asian 2 $190,000 $95,000 $2,396 5.00%

    Approval Rates

    Total approvals of all applications
    84.35%

    Infirst Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.11%

    Infirst Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 384 $40,340,000 $105,052

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $180,000 $90,000
    Multifamily:Site-Built 9 $1,705,000 $189,444
    Single Family (1-4 Units):Manufactured 14 $760,000 $54,286
    Single Family (1-4 Units):Site-Built 359 $37,695,000 $105,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $3,900,000 $78,000 $100 5.02%
    40-60% 45 $4,675,000 $103,889 $714 5.00%
    60-80% 135 $15,115,000 $111,963 $1,411 5.24%
    80-100% 117 $15,405,000 $131,667 $1,931 5.06%
    Under 20% 37 $1,245,000 $33,649 $55 4.78%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Informative Research Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    InFirst Bank 1420 Scalp Avenue Johnstown, PA 15904 Full Service B&M $31,966
    InFirst Bank 340 Waugaman Road Harrison City, PA 15636 Full Service B&M $349
    InFirst Bank 35 Kentucky Avenue, Henderson Township Punxsutawney, PA 15767 Full Service B&M $7,529
    InFirst Bank 475 S Ben Franklin Rd Indiana, PA 15701 Full Service B&M $84,522
    InFirst Bank 8 Beyer Road Punxsutawney, PA 15767 Full Service B&M $35,573
    InFirst Bank 915 Route 22 Highway W Blairsville, PA 15717 Full Service B&M $35,837
    InFirst Bank 935 Philadelphia Street Indiana, PA 15701 Full Service B&M $153,617

    For 2019, Infirst Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,428
    Net interest income $14,050
    Total noninterest income $1,774
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $456
    Trading account gains and fees $0
    Additional Noninterest Income $1,318
    Pre-tax net operating income $2,695
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,015
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,015
    Minority interest net income $0
    Net income $2,015
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,015

    Infirst Bank's gross interest income from loans was $19,428,000.
    Infirst Bank's net interest income from loans was $14,050,000.
    Infirst Bank's fee based income from loans was $456,000.
    Infirst Bank's net income from loans was $2,015,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,378
    Provision for credit losses $750
    Total noninterest expense $12,379
    Salaries and employee benefits $6,941
    Premises and equipment expense $1,311
    Additional noninterest expense $4,127
    Applicable income taxes $680
    Net charge-offs $285
    Cash dividends $0

    Infirst Bank's interest expense for loans was $5,378,000.
    Infirst Bank's payroll and benefits expense were $6,941,000.
    Infirst Bank's property, plant and equipment expenses $1,311,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $359,557
    Deposits held in domestic offices $359,557
    Deposits by Individuals, partnerships, and corporations $342,173
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $17,380
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $95,948
    Demand deposits $44,440
    Nontransaction accounts $263,609
    Money market deposit accounts (MMDAs) $43,922
    Other savings deposits (excluding MMDAs) $58,717
    Total time deposits $160,969
    Total time and savings deposits $315,117
    Noninterest-bearing deposits $45,188
    Interest-bearing deposits $314,369
    Retail deposits $327,516
    IRAs and Keogh plan accounts $22,192
    Brokered deposits $5,121
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $420,177
    Cash & Balances due from depository institutions $6,908
    Interest-bearing balances $2,389
    Total securities $37,123
    Federal funds sold & reverse repurchase $0
    Net loans and leases $354,740
    Loan and leases loss allowance $5,061
    Trading account assets $0
    Bank premises and fixed assets $8,324
    Other real estate owned $335
    Goodwill and other intangibles $72
    All other assets $12,675

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $420,177
    Total Liabilities $378,071
    Total deposits $359,557
    Interest-bearing deposits $314,369
    Deposits held in domestic offices $359,557
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $17,000
    Subordinated debt $0
    All other liabilities $1,514

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $354,740
    Loan and leases loss allowance $5,061
    Total loans and leases (domestic) $359,801
    All real estate loans $328,016
    Real estate loans in domestic offices $328,016
    Construction and development loans $8,517
    Residential 1-4 family construction $498
    Other construction, all land development and other land $8,019
    Loans secured by nonfarm nonresidential properties $48,290
    Nonfarm nonresidential secured by owner-occupied properties $5,202
    Commercial real estate & other non-farm, non-residential $43,088
    Multifamily residential real estate $11,684
    1-4 family residential loans $244,786
    Farmland loans $14,739
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $27,320
    To non-U.S. addressees $0
    Loans to individuals $3,079
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $274
    Other loans to individuals $2,805
    All other loans & leases $1,386
    Loans to foreign governments and official institutions $0
    Other loans $964
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,797
    Non 1-4 family restructured loans & leases $1,151
    Total loans and leases (foreign) $0

    InFirst Bank had $354,740,000 of loans outstanding in 2019. $328,016,000 of loans were in real estate loans. $8,517,000 of loans were in development loans. $11,684,000 of loans were in multifamily mortgage loans. $244,786,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $274,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 440 $48,241 $109,639
    Nonfarm, nonresidential loans - <$100k 221 $7,567 $34,240
    Nonfarm, nonresidential loans - $100-250k 152 $20,026 $131,750
    Nonfarm, nonresidential loans - $250k-1MM 67 $20,648 $308,179
    Commercial & Industrial, US addressed loans - <$1MM 1,131 $27,319 $24,155
    Commercial & Industrial, US addressed loans - <$100k 1,028 $14,874 $14,469
    Commercial & Industrial, US addressed loans - $100-250k 74 $6,451 $87,176
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $5,994 $206,690
    Farmland loans - <$1MM 106 $14,739 $139,047
    Farmland loans - <$100k 40 $1,286 $32,150
    Farmland loans - $100-250k 48 $8,281 $172,521
    Farmland loans - $250k-1MM 18 $5,172 $287,333