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 an average proportion of FHA loans. Their top markets by origination volume include: Philadelphia, Allentown, Atlantic City, Baltimore, and Ocean City among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)Firstrust Savings Bank has a below 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.06% | 4/16/25 |
| 30 Year Conventional Refi | 6.77% | 4/16/25 |
| 30 Year Cash-out Refi | 7.18% | 4/16/25 |
| 30 Year FHA Purchase | 7.35% | 4/16/25 |
| 30 Year FHA Refi | 6.72% | 4/16/25 |
| 30 Year VA Purchase | 6.60% | 4/16/25 |
| 30 Year USDA Purchase | 6.72% | 4/16/25 |
| 15 Year Conventional Purchase | 6.50% | 4/16/25 |
| 15 Year Conventional Refi | 7.38% | 4/16/25 |
| 15 Year Cash-out Refi | 7.38% | 4/16/25 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
637Origination Dollar Volume (All Markets)
$172,185,000Awards
Firstrust Savings Bank - 2024
Firstrust Savings Bank is a 2024 , due to their low .
For 2024, 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
6.74%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.19%.
Relative Fees (Closing Costs)
Firstrust Savings Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,838.
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 $8,356.
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) | 432 | $111,770,000 | $258,727 | $5,599 | 6.44% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 109 | $25,685,000 | $235,642 | $7,527 | 6.58% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 13 | $7,335,000 | $564,231 | $10,487 | 6.44% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 20 | $7,020,000 | $351,000 | $4,933 | 6.45% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 10 | $6,200,000 | $620,000 | $7,277 | 6.74% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 13 | $3,845,000 | $295,769 | $6,327 | 6.50% |
| READING, PA (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $4,472 | 6.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $6,561 | 6.78% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $9,460 | 6.33% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $5,403 | 6.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $8,232 | 6.88% |
| Outside of Metro Areas | 3 | $675,000 | $225,000 | $5,069 | 7.71% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $6,412 | 6.50% |
| Pottsville, PA (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $7,210 | 7.13% |
| Vernal, UT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,546 | 7.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 5.99% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $13,800 | 6.37% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 5.99% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,085 | 7.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $9,536 | 6.88% |
| DOVER, DE (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,192 | 6.25% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,543 | 6.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 4.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,209 | 8.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,391 | 8.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,684 | 6.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,423 | 7.13% |
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 2024, Firstrust Savings Bank's most frequently originated type of loan was Conventional, with 355 originations. Their 2nd most popular type was HELOC, with 215 originations.
Loan Reason
For 2024, Firstrust Savings Bank's most frequently cited loan purpose was Home Purchase, with 352 originations. The 2nd most popular reason was Other, with 111 originations.
Loan Duration/Length
For 2024, Firstrust Savings Bank's most frequently cited loan duration was 30 Year, with 382 originations. The 2nd most popular length was Other, with 212 originations.
Origination Fees/Closing Costs
Firstrust Savings Bank's average total fees were $6,838, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 247 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 267 | $81,465,000 | $305,112 |
| 5-6% | 203 | $42,585,000 | $209,778 |
| 7-8% | 106 | $34,370,000 | $324,245 |
| 4-5% | 44 | $11,370,000 | $258,409 |
| Over 8% | 17 | $2,395,000 | $140,882 |
During 2024, Firstrust Savings Bank's average interest rate for loans was 6.74%, while their most frequently originated rate bucket for loans was 6-7%, with 267 originations.
Loan Sizing
2024 saw Firstrust Savings Bank place emphasis on $200k-400k loans with 284 originations, totaling $76,880,000 in origination value.
Applicant Income
Firstrust Savings Bank lent most frequently to those with incomes in the $250k+ range, with 139 originations. The second most popular income band? $100k-150k, with 118 originations.
Applicant Debt to Income Ratio
Firstrust Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 105 originations. The next most common DTI ratio? 30-36%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.65%
Firstrust Savings Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination78.96%
Firstrust Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 637 | $172,185,000 | $270,306 |