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, New York, Boston, Ocean City, and Allentown among others. We have data for 59 markets. (Some data included below & more in-depth data is available with an active subscription.)Firstrust Savings Bank 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. 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 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 | 6.70% | 12/16/24 |
| 30 Year Conventional Refi | 6.45% | 12/16/24 |
| 30 Year Cash-out Refi | 6.56% | 12/16/24 |
| 30 Year FHA Purchase | 7.56% | 12/16/24 |
| 30 Year VA Purchase | 6.11% | 12/16/24 |
| 15 Year Conventional Purchase | 5.82% | 12/16/24 |
| 15 Year Conventional Refi | 5.87% | 12/16/24 |
| 15 Year Cash-out Refi | 5.87% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,186Origination Dollar Volume (All Markets)
$508,040,000Awards
Firstrust Savings Bank - 2022
Firstrust Savings Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 669 | $254,705,000 | $380,725 | $8,598 | 4.55% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 91 | $50,405,000 | $553,901 | $11,593 | 4.74% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 71 | $47,295,000 | $666,127 | $10,730 | 4.32% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 103 | $45,155,000 | $438,398 | $8,996 | 4.58% |
| Outside of Metro Areas | 32 | $10,750,000 | $335,938 | $7,367 | 4.23% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 27 | $9,065,000 | $335,741 | $8,674 | 4.62% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 14 | $8,520,000 | $608,571 | $12,639 | 4.83% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 14 | $8,380,000 | $598,571 | $7,575 | 4.54% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 10 | $6,520,000 | $652,000 | $11,972 | 4.14% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 15 | $5,795,000 | $386,333 | $9,933 | 4.66% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 10 | $4,740,000 | $474,000 | $9,050 | 4.76% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $4,450,000 | $556,250 | $8,936 | 3.95% |
| PITTSBURGH, PA (FHA|USDA|VA) | 9 | $3,975,000 | $441,667 | $8,572 | 4.28% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 7 | $3,945,000 | $563,571 | $13,318 | 5.16% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $3,475,000 | $496,429 | $12,046 | 4.59% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 7 | $3,175,000 | $453,571 | $6,939 | 4.86% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 11 | $3,005,000 | $273,182 | $9,123 | 4.70% |
| LANCASTER, PA (FHA|USDA|VA) | 9 | $2,705,000 | $300,556 | $7,895 | 4.72% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $2,605,000 | $372,143 | $5,806 | 4.11% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $1,950,000 | $975,000 | $12,401 | 4.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,900,000 | $475,000 | $7,965 | 3.91% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $1,860,000 | $930,000 | $15,395 | 4.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,815,000 | $605,000 | $8,987 | 5.42% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $5,720 | 4.31% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $12,081 | 4.92% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $12,747 | 5.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $6,270 | 4.25% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $4,351 | 3.94% |
| Heber, UT (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $9,650 | 3.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $15,212 | 4.94% |
| Concord, NH (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $9,651 | 4.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $5,070 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $9,448 | 3.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $14,485 | 3.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $9,532 | 4.31% |
| READING, PA (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $5,237 | 4.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $21,592 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $6,652 | 4.94% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $3,879 | 3.25% |
| Berlin, NH (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $9,818 | 5.50% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $8,361 | 4.00% |
| Rutland, VT (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $4,506 | 4.63% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,721 | 5.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,247 | 4.50% |
| Sayre, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $14,848 | 3.75% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,894 | 5.63% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,851 | 4.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,059 | 3.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,722 | 4.88% |
| Boone, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,657 | 7.25% |
| Bennington, VT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,664 | 6.38% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,709 | 6.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,825 | 6.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,215 | 6.38% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,936 | 5.38% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,886 | 4.63% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,715 | 4.25% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,730 | 5.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,397 | 3.50% |
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,164 | $502,860,000 | $432,010 | $9,083 | 4.54% |
| FHA | 20 | $4,440,000 | $222,000 | $8,363 | 5.01% |
| VA | 2 | $740,000 | $370,000 | $6,178 | 4.00% |
For 2022, Firstrust Savings Bank's most frequently originated type of loan was Conventional, with 1,164 originations. Their 2nd most popular type was FHA, with 20 originations.
Loan Reason
For 2022, Firstrust Savings Bank's most frequently cited loan purpose was Home Purchase, with 910 originations. The 2nd most popular reason was Cash Out Refi, with 136 originations.
Loan Duration/Length
For 2022, Firstrust Savings Bank's most frequently cited loan duration was 30 Year, with 1,083 originations. The 2nd most popular length was 15 Year, with 69 originations.
Origination Fees/Closing Costs
Firstrust Savings Bank's average total fees were $9,344, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 566 originations.
Interest Rates
During 2022, Firstrust Savings Bank's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 358 originations.
Loan Sizing
2022 saw Firstrust Savings Bank place emphasis on $200k-400k loans with 437 originations, totaling $129,375,000 in origination value.
Applicant Income
Firstrust Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 342 originations. The second most popular income band? $250k+, with 319 originations.
Applicant Debt to Income Ratio
Firstrust Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 275 originations. The next most common DTI ratio? 30-36%, with 242 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.64%
Firstrust Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.55%
Firstrust Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $305,000 | $305,000 |
| NA | 1,185 | $507,735,000 | $428,468 |
LTV Distribution
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% |