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
  • 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)

    • Review & Overview

    First Financial Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Financial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Panama City, Cullman, and Tuscaloosa 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

    39

    Origination Dollar Volume (All Markets)

    $7,575,000

    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) 35 $6,725,000 $192,143 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    Cullman, AL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
    First Financial Bank's top markets include Birmingham, Panama City, Cullman, and Tuscaloosa among others.

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

    Liberty Mortgage Corporation
    Similarity Rank: 343
    Eco Credit Union
    Similarity Rank: 392
    Jefferson Credit Union
    Similarity Rank: 555
    AVADIAN
    Similarity Rank: 609
    APCO EMPLOYEES
    Similarity Rank: 700
    AMERICA'S FIRST
    Similarity Rank: 1190
    Alabama One Credit Union
    Similarity Rank: 1292
    Bryant Bank
    Similarity Rank: 1470
    ALABAMA CREDIT UNION
    Similarity Rank: 1767
    Progress Bank and Trust
    Similarity Rank: 2867

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $7,575,000 $194,231 $0 0.00%

    For 2022, First Financial Bank's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $4,675,000 $311,667 $0 0.00%
    Cash Out Refi 9 $1,805,000 $200,556 $0 0.00%
    Home Improvement 6 $550,000 $91,667 $0 0.00%
    Other 5 $275,000 $55,000 $0 0.00%
    Refi 4 $270,000 $67,500 $0 0.00%

    For 2022, First Financial Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 39 $7,575,000 $194,231 $0 0.00%

    For 2022, First Financial Bank's most frequently cited loan duration was Other, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 20 $920,000 $46,000 $0 0.00%
    $100k-200k 8 $1,110,000 $138,750 $0 0.00%
    $400k-600k 6 $2,840,000 $473,333 $0 0.00%
    $200k-400k 3 $655,000 $218,333 $0 0.00%
    $1MM+ 1 $1,435,000 $1,435,000 $0 0.00%
    $600k-1MM 1 $615,000 $615,000 $0 0.00%

    2022 saw First Financial Bank place emphasis on $100,000 or less loans with 20 originations, totaling $920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,685,000 $187,222 $0 0.00%
    $150k-250k 9 $2,965,000 $329,444 $0 0.00%
    $50k or less 9 $465,000 $51,667 $0 0.00%
    $50k-75k 5 $445,000 $89,000 $0 0.00%
    $75k-100k 5 $335,000 $67,000 $0 0.00%
    $250k+ 1 $1,435,000 $1,435,000 $0 0.00%

    First Financial Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 39 $7,575,000 $194,231 $0 0.00%

    First Financial Bank lent most frequently to those with DTI ratios of Exempt%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $5,205,000 $179,483 $0 0.00%
    Asian 3 $1,325,000 $441,667 $0 0.00%
    Black 5 $675,000 $135,000 $0 0.00%
    Not applicable 1 $245,000 $245,000 $0 0.00%
    Asian Indian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.52%

    First Financial Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    12.82%

    First Financial Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 39 $7,575,000 $194,231

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    39 $7,575,000 $194,231

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%