Firstrust Savings Bank Mortgage Rates, Fees & Info
Conshohocken, PALEI: R7JQ9JTCFHXBQU4XIT26
Tax ID: 23-0970971
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Mortgage Data
Review & Overview
Firstrust Savings Bank is a smaller bank specializing in Home Purchase loans. Firstrust Savings Bank 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.) Their top markets by origination volume include: Philadelphia, Ocean City, New York, Boston, and Allentown among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)Firstrust Savings 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. Firstrust Savings Bank is typically a high 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.70% | 11/17/24 |
| 30 Year Conventional Refi | 6.45% | 11/17/24 |
| 30 Year Cash-out Refi | 6.56% | 11/17/24 |
| 30 Year FHA Purchase | 7.56% | 11/17/24 |
| 30 Year VA Purchase | 6.11% | 11/17/24 |
| 15 Year Conventional Purchase | 5.82% | 11/17/24 |
| 15 Year Conventional Refi | 5.87% | 11/17/24 |
| 15 Year Cash-out Refi | 5.87% | 11/17/24 |
| 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. | ||
Firstrust Savings Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Firstrust Savings Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
758Origination Dollar Volume (All Markets)
$252,700,000Awards
Firstrust Savings Bank - 2023
Firstrust Savings Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Firstrust Savings Bank's average 30 year fixed mortgage rate was
6.43%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.05%.
Relative Fees (Closing Costs)
Firstrust Savings Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,071.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 476 | $131,420,000 | $276,092 | $6,224 | 6.63% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 50 | $23,470,000 | $469,400 | $9,389 | 6.56% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 38 | $16,680,000 | $438,947 | $10,037 | 6.06% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 23 | $13,775,000 | $598,913 | $10,256 | 6.24% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 39 | $7,515,000 | $192,692 | $6,157 | 6.90% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $7,480,000 | $748,000 | $15,890 | 5.79% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $6,885,000 | $983,571 | $16,192 | 5.61% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 16 | $6,130,000 | $383,125 | $7,491 | 6.55% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $4,550,000 | $758,333 | $21,098 | 6.13% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 9 | $3,735,000 | $415,000 | $18,672 | 6.54% |
| Outside of Metro Areas | 8 | $3,280,000 | $410,000 | $8,881 | 5.67% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 7 | $3,025,000 | $432,143 | $10,632 | 6.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $2,875,000 | $575,000 | $15,251 | 6.20% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $2,595,000 | $519,000 | $11,320 | 5.65% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 8 | $2,030,000 | $253,750 | $3,415 | 6.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $7,500 | 4.97% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,455,000 | $485,000 | $11,459 | 6.21% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $12,751 | 5.38% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $10,000 | 5.67% |
| LANCASTER, PA (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $8,175 | 6.53% |
| READING, PA (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $4,939 | 6.79% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $10,077 | 6.75% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $19,631 | 4.50% |
| Laconia, NH (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,153 | 6.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $6,216 | 4.50% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $9,072 | 6.44% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,803 | 6.38% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $13,200 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,485 | 6.13% |
| Berlin, NH (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $13,421 | 6.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $6,124 | 6.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $8,856 | 5.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,529 | 4.25% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,438 | 6.13% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,658 | 6.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,623 | 7.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,748 | 5.88% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,322 | 6.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,244 | 7.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,644 | 6.63% |
| DOVER, DE (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,544 | 6.88% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Firstrust Savings Bank 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
For 2023, Firstrust Savings Bank's most frequently originated type of loan was Conventional, with 563 originations. Their 2nd most popular type was HELOC, with 151 originations.
Loan Reason
For 2023, Firstrust Savings Bank's most frequently cited loan purpose was Home Purchase, with 474 originations. The 2nd most popular reason was Other, with 114 originations.
Loan Duration/Length
For 2023, Firstrust Savings Bank's most frequently cited loan duration was 30 Year, with 498 originations. The 2nd most popular length was Other, with 154 originations.
Origination Fees/Closing Costs
Firstrust Savings Bank's average total fees were $9,071, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 201 originations.
Interest Rates
During 2023, Firstrust Savings Bank's average interest rate for loans was 6.43%, while their most frequently originated rate bucket for loans was 6-7%, with 410 originations.
Loan Sizing
2023 saw Firstrust Savings Bank place emphasis on $200k-400k loans with 257 originations, totaling $74,655,000 in origination value.
Applicant Income
Firstrust Savings Bank lent most frequently to those with incomes in the $250k+ range, with 210 originations. The second most popular income band? $150k-250k, with 206 originations.
Applicant Debt to Income Ratio
Firstrust Savings Bank lent most frequently to those with DTI ratios of 30-36%, with 168 originations. The next most common DTI ratio? 20-30%, with 142 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.50%
Firstrust Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination78.10%
Firstrust Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 758 | $252,700,000 | $333,377 |