First Financial Bank Mortgage Rates, Fees & Info

Bessemer, AL

LEI: 549300YIZECN2NB3I529

Tax ID: 63-0500811

Latest/2023 | 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

    First Financial Bank is a smaller bank specializing in Home Purchase loans. First Financial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Cullman, Tuscaloosa, and Selma among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Financial 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.

    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

    61

    Origination Dollar Volume (All Markets)

    $13,605,000

    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
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 53 $12,465,000 $235,189 $0 0.00%
    Cullman, AL (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 6 $470,000 $78,333 $0 0.00%
    Selma, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    First Financial Bank's top markets include Birmingham, Cullman, Tuscaloosa, and Selma among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)

    • Similar Lenders

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

    ALABAMA CREDIT UNION
    Similarity Rank: 294
    Liberty Mortgage Corporation
    Similarity Rank: 348
    Mutual Savings Credit Union
    Similarity Rank: 360
    APCO EMPLOYEES
    Similarity Rank: 891
    AMERICA'S FIRST
    Similarity Rank: 1003
    INSPIRE HOME LOANS INC.
    Similarity Rank: 1144
    CHERRY CREEK MORTGAGE, LLC
    Similarity Rank: 1526
    AVADIAN
    Similarity Rank: 1530
    Bryant Bank
    Similarity Rank: 1628
    Raymond James Bank
    Similarity Rank: 1652

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 61 $13,605,000 $223,033 $0 0.00%

    For 2023, First Financial Bank's most frequently originated type of loan was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $10,955,000 $280,897 $0 0.00%
    Refi 8 $860,000 $107,500 $0 0.00%
    Other 7 $775,000 $110,714 $0 0.00%
    Cash Out Refi 5 $515,000 $103,000 $0 0.00%
    Home Improvement 2 $500,000 $250,000 $0 0.00%

    For 2023, First Financial Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 61 $13,605,000 $223,033 $0 0.00%

    For 2023, First Financial Bank's most frequently cited loan duration was Other, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 23 $6,405,000 $278,478 $0 0.00%
    $100,000 or less 19 $1,115,000 $58,684 $0 0.00%
    $100k-200k 10 $1,300,000 $130,000 $0 0.00%
    $400k-600k 6 $2,860,000 $476,667 $0 0.00%
    $600k-1MM 3 $1,925,000 $641,667 $0 0.00%

    2023 saw First Financial Bank place emphasis on $200k-400k loans with 23 originations, totaling $6,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $1,305,000 $100,385 $0 0.00%
    $100k-150k 12 $3,110,000 $259,167 $0 0.00%
    $150k-250k 11 $3,525,000 $320,455 $0 0.00%
    $75k-100k 9 $1,775,000 $197,222 $0 0.00%
    $250k+ 6 $2,220,000 $370,000 $0 0.00%
    $50k or less 2 $80,000 $40,000 $0 0.00%

    First Financial Bank lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 61 $13,605,000 $223,033 $0 0.00%

    First Financial Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 20 $7,110,000 $355,500 $0 0.00%
    White 26 $3,410,000 $131,154 $0 0.00%
    Not applicable 8 $1,590,000 $198,750 $0 0.00%
    Asian Indian 3 $915,000 $305,000 $0 0.00%
    Black 4 $580,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.05%

    First Financial Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.69%

    First Financial Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 61 $13,605,000 $223,033

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    61 $13,605,000 $223,033