First National Bank Of Pulaski Mortgage Rates, Fees & Info

Pulaski, TN

LEI: 549300ZGTRKCDKOVEQ80

Tax ID: 62-0339305

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Mortgage Data

Review & Overview

First National Bank Of Pulaski is a smaller bank specializing in Home Purchase loans. First National Bank Of Pulaski has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Huntsville, Lewisburg, Nashville, Decatur, and Florence among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Of Pulaski has an above 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

434

Origination Dollar Volume (All Markets)

$114,940,000

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
HUNTSVILLE, AL (FHA|USDA|VA) 150 $43,620,000 $290,800 $0 0.00%
Outside of Metro Areas 140 $31,740,000 $226,714 $0 0.00%
Lewisburg, TN (FHA|USDA|VA) 39 $8,735,000 $223,974 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 29 $8,655,000 $298,448 $0 0.00%
DECATUR, AL (FHA|USDA|VA) 11 $4,315,000 $392,273 $0 0.00%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 11 $2,565,000 $233,182 $0 0.00%
Cullman, AL (FHA|USDA|VA) 9 $2,395,000 $266,111 $0 0.00%
Lawrenceburg, TN (FHA|USDA|VA) 11 $2,345,000 $213,182 $0 0.00%
Albertville, AL (FHA|USDA|VA) 5 $1,765,000 $353,000 $0 0.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 8 $1,650,000 $206,250 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 2 $890,000 $445,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $665,000 $221,667 $0 0.00%
McMinnville, TN (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
Calhoun, GA (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
Scottsboro, AL (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
Shelbyville, TN (FHA|USDA|VA) 3 $405,000 $135,000 $0 0.00%
MOBILE, AL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Fort Payne, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Coldwater, MI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
First National Bank Of Pulaski's top markets include Huntsville, Lewisburg, Nashville, Decatur, and Florence among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 417 $109,985,000 $263,753 $0 0.00%
    VA 9 $3,215,000 $357,222 $0 0.00%
    FHA 4 $920,000 $230,000 $0 0.00%
    USDA 4 $820,000 $205,000 $0 0.00%

    For 2022, First National Bank Of Pulaski's most frequently originated type of loan was Conventional, with 417 originations. Their 2nd most popular type was VA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 303 $92,185,000 $304,241 $0 0.00%
    Refi 99 $18,175,000 $183,586 $0 0.00%
    Other 12 $1,450,000 $120,833 $0 0.00%
    Home Improvement 11 $1,495,000 $135,909 $0 0.00%
    Cash Out Refi 9 $1,635,000 $181,667 $0 0.00%

    For 2022, First National Bank Of Pulaski's most frequently cited loan purpose was Home Purchase, with 303 originations. The 2nd most popular reason was Refi, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 434 $114,940,000 $264,839 $0 0.00%

    For 2022, First National Bank Of Pulaski's most frequently cited loan duration was Other, with 434 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 161 $46,055,000 $286,056 $0 0.00%
    $100k-200k 130 $19,250,000 $148,077 $0 0.00%
    $400k-600k 64 $31,610,000 $493,906 $0 0.00%
    $100,000 or less 62 $3,630,000 $58,548 $0 0.00%
    $600k-1MM 11 $7,505,000 $682,273 $0 0.00%
    $1MM+ 6 $6,890,000 $1,148,333 $0 0.00%

    2022 saw First National Bank Of Pulaski place emphasis on $200k-400k loans with 161 originations, totaling $46,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 86 $24,710,000 $287,326 $0 0.00%
    $50k-75k 74 $13,570,000 $183,378 $0 0.00%
    $50k or less 69 $8,675,000 $125,725 $0 0.00%
    $75k-100k 68 $16,760,000 $246,471 $0 0.00%
    $150k-250k 66 $24,230,000 $367,121 $0 0.00%
    $250k+ 35 $16,835,000 $481,000 $0 0.00%

    First National Bank Of Pulaski lent most frequently to those with incomes in the $100k-150k range, with 86 originations. The second most popular income band? $50k-75k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 434 $114,940,000 $264,839 $0 0.00%

    First National Bank Of Pulaski lent most frequently to those with DTI ratios of Exempt%, with 434 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 363 $93,375,000 $257,231 $0 0.00%
    Not applicable 30 $8,900,000 $296,667 $0 0.00%
    Asian 21 $5,645,000 $268,810 $0 0.00%
    Black 15 $4,655,000 $310,333 $0 0.00%
    Not provided 4 $2,100,000 $525,000 $0 0.00%
    American Indian 1 $265,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.58%

    First National Bank Of Pulaski has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    79.26%

    First National Bank Of Pulaski has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 434 $114,940,000 $264,839

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    434 $114,940,000 $264,839

    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%