First Republic Bank Mortgage Rates, Fees & Info

San Francisco, CA

LEI: YWC0TIKBQM2JV8L4IV08

Tax ID: 80-0513856

5 stars - Updated: 2/26/24 - out of 5 stars, based on 174 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First Republic Bank is a large bank specializing in Home Purchase loans. First Republic Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Los Angeles, New York, Boston, and San Diego among others. We have data for 171 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Republic 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. First Republic Bank is typically an average 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 2/26/24
30 Year Conventional Purchase 4.96% 2/26/24
30 Year Conventional Refi 5.36% 2/26/24
30 Year Cash-out Refi 5.44% 2/26/24
30 Year FHA Purchase 6.27% 2/26/24
15 Year Conventional Purchase 4.77% 2/26/24
15 Year Conventional Refi 5.19% 2/26/24
15 Year Cash-out Refi 5.19% 2/26/24
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.

First Republic Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Republic Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

30,177

Origination Dollar Volume (All Markets)

$43,912,145,000
Show all (59) awards

Relative Rate

First Republic Bank's average 30 year fixed mortgage rate was 3.37%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -1.39%.

Relative Fees (Closing Costs)

First Republic Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,896.

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 $4,750.

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
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8,209 $10,475,005,000 $1,276,039 $4,819 3.62%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5,790 $9,674,390,000 $1,670,879 $6,579 3.54%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4,908 $6,937,150,000 $1,413,437 $5,652 3.31%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2,700 $3,301,920,000 $1,222,933 $4,418 3.47%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1,330 $1,941,020,000 $1,459,414 $5,305 3.66%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1,204 $1,683,840,000 $1,398,538 $3,563 3.53%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 907 $1,677,415,000 $1,849,410 $11,002 3.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 573 $707,145,000 $1,234,110 $3,591 3.66%
Outside of Metro Areas 238 $659,610,000 $2,771,471 $14,980 3.61%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 284 $593,780,000 $2,090,775 $8,611 3.51%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 382 $580,860,000 $1,520,576 $8,824 3.30%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 263 $475,495,000 $1,807,966 $4,830 3.76%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 335 $424,575,000 $1,267,388 $6,901 3.67%
Jackson, WY-ID (FHA|USDA|VA) 225 $402,455,000 $1,788,689 $6,797 3.38%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 209 $348,095,000 $1,665,526 $9,041 3.42%
NAPA, CA (FHA|USDA|VA) 199 $297,025,000 $1,492,588 $6,333 3.70%
SALINAS, CA (FHA|USDA|VA) 90 $220,900,000 $2,454,444 $6,342 3.53%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 242 $219,190,000 $905,744 $5,967 3.55%
Glenwood Springs, CO (FHA|USDA|VA) 30 $217,600,000 $7,253,333 $17,738 3.02%
Heber, UT (FHA|USDA|VA) 88 $198,900,000 $2,260,227 $11,936 3.27%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 80 $164,960,000 $2,062,000 $11,135 3.10%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 107 $148,185,000 $1,384,907 $5,705 3.63%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 101 $136,395,000 $1,350,446 $6,982 3.51%
RENO, NV (FHA|USDA|VA) 36 $107,590,000 $2,988,611 $7,905 3.61%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 61 $106,215,000 $1,741,230 $5,805 3.24%
Vineyard Haven, MA (FHA|USDA|VA) 35 $106,075,000 $3,030,714 $15,339 3.27%
Hilo, HI (FHA|USDA|VA) 40 $99,210,000 $2,480,250 $15,170 3.29%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 79 $92,195,000 $1,167,025 $4,061 3.54%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 54 $86,500,000 $1,601,852 $4,914 3.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 61 $80,675,000 $1,322,541 $7,144 3.29%
Bozeman, MT (FHA|USDA|VA) 28 $80,270,000 $2,866,786 $7,270 3.54%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 50 $74,700,000 $1,494,000 $9,859 3.27%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 45 $73,465,000 $1,632,556 $10,621 3.27%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 69 $71,195,000 $1,031,812 $5,055 3.60%
WORCESTER, MA-CT (FHA|USDA|VA) 18 $70,910,000 $3,939,444 $3,127 3.65%
Hailey, ID (FHA|USDA|VA) 23 $69,175,000 $3,007,609 $19,657 3.58%
Edwards, CO (FHA|USDA|VA) 17 $67,525,000 $3,972,059 $5,905 3.65%
URBAN HONOLULU, HI (FHA|USDA|VA) 33 $60,475,000 $1,832,576 $6,484 3.16%
BEND, OR (FHA|USDA|VA) 65 $53,345,000 $820,692 $5,918 3.74%
SALT LAKE CITY, UT (FHA|USDA|VA) 15 $51,665,000 $3,444,333 $6,160 3.66%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 10 $48,630,000 $4,863,000 $5,476 2.98%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 39 $39,595,000 $1,015,256 $7,908 3.50%
Truckee-Grass Valley, CA (FHA|USDA|VA) 44 $39,280,000 $892,727 $6,065 3.59%
Kapaa, HI (FHA|USDA|VA) 17 $37,725,000 $2,219,118 $9,288 3.37%
FRESNO, CA (FHA|USDA|VA) 3 $33,695,000 $11,231,667 $200 3.95%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 17 $32,195,000 $1,893,824 $6,698 3.07%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 22 $31,670,000 $1,439,545 $7,558 3.40%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 17 $28,745,000 $1,690,882 $10,892 3.26%
Gardnerville Ranchos, NV (FHA|USDA|VA) 13 $28,015,000 $2,155,000 $12,519 3.63%
VALLEJO, CA (FHA|USDA|VA) 59 $27,505,000 $466,186 $3,405 3.83%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 28 $26,280,000 $938,571 $5,634 3.68%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $25,265,000 $8,421,667 $2,733 4.33%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $23,660,000 $5,915,000 $9,260 3.70%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 25 $23,115,000 $924,600 $9,215 3.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 20 $22,680,000 $1,134,000 $8,364 3.19%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 26 $22,600,000 $869,231 $4,585 3.47%
PORT ST. LUCIE, FL (FHA|USDA|VA) 22 $22,360,000 $1,016,364 $9,617 3.42%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 19 $21,075,000 $1,109,211 $7,447 3.33%
BOULDER, CO (FHA|USDA|VA) 19 $20,365,000 $1,071,842 $4,022 3.65%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 21 $20,305,000 $966,905 $4,647 4.23%
Breckenridge, CO (FHA|USDA|VA) 10 $20,110,000 $2,011,000 $6,012 3.34%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 4 $20,090,000 $5,022,500 $3,061 3.30%
SALEM, OR (FHA|USDA|VA) 11 $19,025,000 $1,729,545 $3,728 4.10%
CHICO, CA (FHA|USDA|VA) 2 $18,710,000 $9,355,000 $6,739 3.58%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 15 $17,845,000 $1,189,667 $6,019 3.32%
Torrington, CT (FHA|USDA|VA) 18 $17,460,000 $970,000 $7,115 3.37%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 20 $16,410,000 $820,500 $4,492 3.76%
Outside of Metro Areas 8 $16,370,000 $2,046,250 $9,072 3.25%
JACKSONVILLE, FL (FHA|USDA|VA) 42 $16,020,000 $381,429 $14,887 4.31%
Key West, FL (FHA|USDA|VA) 11 $15,865,000 $1,442,273 $8,473 3.82%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 23 $13,375,000 $581,522 $4,417 3.31%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 18 $13,190,000 $732,778 $4,937 3.78%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 12 $11,930,000 $994,167 $6,210 3.67%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 12 $11,860,000 $988,333 $8,015 3.29%
KINGSTON, NY (FHA|USDA|VA) 16 $11,600,000 $725,000 $6,951 3.19%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 16 $11,040,000 $690,000 $7,715 3.46%
Hudson, NY (FHA|USDA|VA) 8 $10,850,000 $1,356,250 $9,285 3.39%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $10,390,000 $1,039,000 $3,870 3.48%
PITTSFIELD, MA (FHA|USDA|VA) 11 $9,725,000 $884,091 $8,689 3.63%
Lebanon, NH-VT (FHA|USDA|VA) 17 $8,595,000 $505,588 $4,356 3.29%
BOISE CITY, ID (FHA|USDA|VA) 9 $8,505,000 $945,000 $4,992 3.44%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 12 $7,930,000 $660,833 $4,726 3.53%
MODESTO, CA (FHA|USDA|VA) 2 $7,700,000 $3,850,000 $2,400 3.55%
Steamboat Springs, CO (FHA|USDA|VA) 4 $7,220,000 $1,805,000 $6,562 3.06%
BELLINGHAM, WA (FHA|USDA|VA) 5 $7,085,000 $1,417,000 $4,038 3.61%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $6,825,000 $6,825,000 $17,485 2.65%
OCEAN CITY, NJ (FHA|USDA|VA) 6 $6,660,000 $1,110,000 $5,821 3.47%
STOCKTON, CA (FHA|USDA|VA) 9 $6,185,000 $687,222 $3,221 3.41%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $6,115,000 $1,223,000 $7,539 3.97%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $6,050,000 $1,008,333 $3,825 3.40%
Hood River, OR (FHA|USDA|VA) 9 $5,385,000 $598,333 $5,451 3.45%
Astoria, OR (FHA|USDA|VA) 6 $5,380,000 $896,667 $7,967 3.18%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 5 $5,215,000 $1,043,000 $5,561 3.07%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $4,755,000 $1,585,000 $5,365 3.35%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $4,685,000 $1,561,667 $18,125 3.25%
Kalispell, MT (FHA|USDA|VA) 5 $4,675,000 $935,000 $4,501 3.62%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $4,370,000 $1,092,500 $5,265 3.30%
SANTA FE, NM (FHA|USDA|VA) 5 $4,265,000 $853,000 $6,294 3.53%
MEDFORD, OR (FHA|USDA|VA) 3 $3,955,000 $1,318,333 $4,916 3.27%
Ukiah, CA (FHA|USDA|VA) 4 $3,910,000 $977,500 $3,867 4.03%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $3,895,000 $1,298,333 $11,123 3.75%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $3,790,000 $947,500 $5,240 2.81%
Laconia, NH (FHA|USDA|VA) 5 $3,585,000 $717,000 $4,052 2.84%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $3,215,000 $1,071,667 $7,369 3.53%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $3,160,000 $1,580,000 $16,508 2.70%
EL CENTRO, CA (FHA|USDA|VA) 1 $3,125,000 $3,125,000 $0 3.35%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 5 $3,115,000 $623,000 $4,443 3.71%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $3,080,000 $770,000 $6,794 3.30%
YUBA CITY, CA (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 4.00%
The Dalles, OR (FHA|USDA|VA) 1 $2,925,000 $2,925,000 $0 4.10%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $2,685,000 $895,000 $5,634 4.45%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 5 $2,595,000 $519,000 $5,614 4.49%
SAVANNAH, GA (FHA|USDA|VA) 4 $2,520,000 $630,000 $4,721 4.38%
PITTSBURGH, PA (FHA|USDA|VA) 2 $2,300,000 $1,150,000 $8,586 2.55%
WENATCHEE, WA (FHA|USDA|VA) 2 $2,050,000 $1,025,000 $12,186 3.78%
Sheridan, WY (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 3.00%
TUCSON, AZ (FHA|USDA|VA) 4 $1,940,000 $485,000 $3,467 3.45%
Durango, CO (FHA|USDA|VA) 1 $1,925,000 $1,925,000 $8,467 3.95%
Prineville, OR (FHA|USDA|VA) 2 $1,880,000 $940,000 $4,845 2.83%
ST. GEORGE, UT (FHA|USDA|VA) 3 $1,805,000 $601,667 $3,979 2.73%
MISSOULA, MT (FHA|USDA|VA) 2 $1,800,000 $900,000 $2,113 2.80%
Cullowhee, NC (FHA|USDA|VA) 2 $1,580,000 $790,000 $6,176 3.10%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $1,555,000 $518,333 $4,896 3.55%
Barre, VT (FHA|USDA|VA) 3 $1,545,000 $515,000 $4,368 3.38%
Concord, NH (FHA|USDA|VA) 2 $1,510,000 $755,000 $3,927 3.78%
PROVO-OREM, UT (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $6,542 2.45%
ASHEVILLE, NC (FHA|USDA|VA) 3 $1,245,000 $415,000 $4,027 3.67%
Bennington, VT (FHA|USDA|VA) 3 $1,185,000 $395,000 $5,640 3.67%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $1,175,000 $391,667 $3,777 3.67%
Eureka-Arcata, CA (FHA|USDA|VA) 3 $1,175,000 $391,667 $2,911 3.52%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $1,090,000 $545,000 $0 3.63%
Oak Harbor, WA (FHA|USDA|VA) 2 $1,040,000 $520,000 $4,582 3.08%
Helena, MT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $10,877 3.30%
Corsicana, TX (FHA|USDA|VA) 1 $995,000 $995,000 $9,724 3.25%
LONGVIEW, WA (FHA|USDA|VA) 2 $960,000 $480,000 $0 4.03%
Sandpoint, ID (FHA|USDA|VA) 3 $925,000 $308,333 $5,929 3.42%
Keene, NH (FHA|USDA|VA) 2 $910,000 $455,000 $3,839 3.25%
Aberdeen, WA (FHA|USDA|VA) 1 $815,000 $815,000 $3,743 2.95%
Roseburg, OR (FHA|USDA|VA) 1 $815,000 $815,000 $6,657 3.85%
Newport, OR (FHA|USDA|VA) 1 $805,000 $805,000 $8,625 3.40%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $765,000 $765,000 $0 4.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $755,000 $755,000 $3,860 5.10%
SYRACUSE, NY (FHA|USDA|VA) 1 $755,000 $755,000 $6,025 3.20%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $745,000 $745,000 $9,894 3.60%
Taos, NM (FHA|USDA|VA) 1 $715,000 $715,000 $4,098 3.85%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $710,000 $355,000 $4,960 3.33%
Sonora, CA (FHA|USDA|VA) 2 $700,000 $350,000 $2,948 3.33%
Berlin, NH (FHA|USDA|VA) 1 $615,000 $615,000 $4,145 3.60%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $585,000 $195,000 $2,707 3.57%
OCALA, FL (FHA|USDA|VA) 1 $565,000 $565,000 $6,864 3.65%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $555,000 $555,000 $3,372 4.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $555,000 $555,000 $3,279 3.60%
Show Low, AZ (FHA|USDA|VA) 1 $555,000 $555,000 $5,055 3.35%
ROCHESTER, NY (FHA|USDA|VA) 2 $540,000 $270,000 $1,930 3.60%
WILMINGTON, NC (FHA|USDA|VA) 1 $505,000 $505,000 $3,117 2.50%
Clearlake, CA (FHA|USDA|VA) 1 $495,000 $495,000 $5,303 4.05%
BILLINGS, MT (FHA|USDA|VA) 1 $495,000 $495,000 $10,963 3.85%
Riverton, WY (FHA|USDA|VA) 1 $435,000 $435,000 $3,039 2.85%
MADERA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $4,063 3.95%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $425,000 $425,000 $0 3.85%
Coos Bay, OR (FHA|USDA|VA) 1 $415,000 $415,000 $0 4.70%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $400,000 $200,000 $0 3.88%
FORT COLLINS, CO (FHA|USDA|VA) 1 $325,000 $325,000 $3,527 3.20%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $3,812 4.23%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $305,000 $305,000 $4,554 2.80%
BRUNSWICK, GA (FHA|USDA|VA) 1 $305,000 $305,000 $3,655 2.80%
NEW BERN, NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,374 3.85%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $210,000 $105,000 $3,047 2.78%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.35%
Rutland, VT (FHA|USDA|VA) 1 $145,000 $145,000 $3,545 4.85%
GLENS FALLS, NY (FHA|USDA|VA) 1 $125,000 $125,000 $4,481 2.55%
First Republic Bank's top markets include San Francisco, Los Angeles, New York, Boston, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 26,536 $41,062,030,000 $1,547,408 $5,867 3.40%
    HELOC 3,641 $2,850,115,000 $782,784 n/a 4.37%

    For 2022, First Republic Bank's most frequently originated type of loan was Conventional, with 26,536 originations. Their 2nd most popular type was HELOC, with 3,641 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17,007 $25,816,705,000 $1,518,005 $6,329 3.56%
    Refi 5,027 $7,830,915,000 $1,557,771 $3,914 3.21%
    Cash Out Refi 4,166 $5,473,550,000 $1,313,862 $5,139 3.37%
    Other 2,600 $4,047,260,000 $1,556,638 $6,928 3.62%
    Home Improvement 1,377 $743,715,000 $540,098 $4,704 4.29%

    For 2022, First Republic Bank's most frequently cited loan purpose was Home Purchase, with 17,007 originations. The 2nd most popular reason was Refi, with 5,027 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 24,113 $32,628,895,000 $1,353,166 $5,896 3.37%
    Other 3,596 $3,093,490,000 $860,259 $8,053 4.37%
    10 Year 1,829 $7,340,335,000 $4,013,305 $3,115 3.72%
    15 Year 387 $254,525,000 $657,687 $3,438 3.02%
    3 Year 99 $169,865,000 $1,715,808 $9,378 3.84%
    5 Year 90 $372,660,000 $4,140,667 $13,742 4.45%
    1 Year 61 $44,365,000 $727,295 $5,057 4.93%
    20 Year 2 $8,010,000 $4,005,000 $0 3.45%

    For 2022, First Republic Bank's most frequently cited loan duration was 30 Year, with 24,113 originations. The 2nd most popular length was Other, with 3,596 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 11,359 $9,073,215,000 $798,769
    $1k-2k 8,238 $17,722,990,000 $2,151,370
    $5k+ 557 $2,027,885,000 $3,640,727
    $2k-3k 88 $114,670,000 $1,303,068
    $3k-4k 48 $161,990,000 $3,374,792
    $4k-5k 31 $48,715,000 $1,571,452

    First Republic Bank's average total fees were $5,896, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 11,359 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 13,458 $19,889,810,000 $1,477,917
    2.5-3% 7,164 $10,562,660,000 $1,474,408
    4-5% 4,459 $7,066,485,000 $1,584,769
    <2.5% 2,946 $4,329,550,000 $1,469,637
    5-6% 1,631 $1,698,685,000 $1,041,499
    6-7% 409 $311,015,000 $760,428
    7-8% 109 $53,435,000 $490,229
    Over 8% 1 $505,000 $505,000

    During 2022, First Republic Bank's average interest rate for loans was 3.37%, while their most frequently originated rate bucket for loans was 3-4%, with 13,458 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 13,646 $34,830,710,000 $2,552,448 $8,840 3.42%
    $600k-1MM 7,090 $5,534,460,000 $780,601 $3,386 3.47%
    $400k-600k 4,632 $2,302,200,000 $497,021 $2,508 3.62%
    $200k-400k 3,666 $1,099,200,000 $299,836 $1,923 3.69%
    $100k-200k 899 $128,705,000 $143,165 $1,347 3.92%
    $100,000 or less 244 $16,870,000 $69,139 $978 4.36%

    2022 saw First Republic Bank place emphasis on $1MM+ loans with 13,646 originations, totaling $34,830,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 17,612 $26,193,460,000 $1,487,251 $7,003 3.50%
    $150k-250k 4,481 $2,961,515,000 $660,905 $2,979 3.53%
    $100k-150k 1,740 $836,210,000 $480,580 $1,767 3.42%
    $75k-100k 594 $221,410,000 $372,744 $969 3.22%
    $50k-75k 376 $123,720,000 $329,043 $597 3.14%
    $50k or less 239 $170,855,000 $714,874 $2,350 3.11%

    First Republic Bank lent most frequently to those with incomes in the $250k+ range, with 17,612 originations. The second most popular income band? $150k-250k, with 4,481 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 6,889 $7,885,585,000 $1,144,663 $5,043 3.39%
    30-36% 5,173 $6,091,405,000 $1,177,538 $5,421 3.48%
    <20% 4,172 $5,213,810,000 $1,249,715 $5,632 3.33%
    37% 906 $1,090,480,000 $1,203,620 $5,617 3.55%
    38% 901 $1,069,045,000 $1,186,509 $5,828 3.54%
    39% 896 $1,162,160,000 $1,297,054 $6,020 3.56%
    36% 887 $1,068,425,000 $1,204,538 $5,405 3.53%
    40% 827 $999,555,000 $1,208,652 $5,085 3.56%
    41% 798 $1,045,600,000 $1,310,276 $5,680 3.57%
    42% 768 $1,067,220,000 $1,389,609 $6,062 3.53%
    43% 662 $898,420,000 $1,357,130 $6,383 3.60%
    44% 553 $704,465,000 $1,273,897 $5,922 3.63%
    45% 469 $614,955,000 $1,311,205 $6,547 3.68%
    46% 397 $555,385,000 $1,398,955 $7,503 3.67%
    50-60% 386 $460,860,000 $1,193,938 $7,907 3.87%
    47% 283 $420,475,000 $1,485,777 $7,292 3.69%
    48% 252 $347,810,000 $1,380,198 $6,165 3.71%
    49% 189 $239,085,000 $1,265,000 $7,359 3.85%
    >60% 62 $109,580,000 $1,767,419 $6,657 4.23%

    First Republic Bank lent most frequently to those with DTI ratios of 20-30%, with 6,889 originations. The next most common DTI ratio? 30-36%, with 5,173 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 16,356 $20,113,510,000 $1,229,733 $5,947 3.49%
    Not applicable 4,481 $12,387,215,000 $2,764,386 $17,737 3.73%
    Not provided 3,820 $5,729,790,000 $1,499,945 $6,119 3.47%
    Asian 3,148 $3,280,160,000 $1,041,982 $4,075 3.48%
    Asian Indian 681 $815,305,000 $1,197,217 $4,431 3.48%
    Chinese 530 $512,590,000 $967,151 $4,262 3.56%
    Black 559 $479,015,000 $856,914 $2,948 3.23%
    Other Asian 187 $214,065,000 $1,144,733 $4,308 3.58%
    Korean 109 $123,955,000 $1,137,202 $3,673 3.35%
    American Indian 134 $114,260,000 $852,687 $4,168 3.35%
    Vietnamese 70 $56,780,000 $811,143 $3,111 3.68%
    Filipino 49 $44,575,000 $909,694 $4,442 3.36%
    Japanese 33 $23,005,000 $697,121 $2,404 3.45%
    Native Hawaiian or Islander 13 $13,385,000 $1,029,615 $5,066 3.68%
    Guamanian 4 $3,330,000 $832,500 $4,413 2.75%
    Other Pacific Islander 3 $1,205,000 $401,667 $2,826 3.47%

    Approval Rates

    Total approvals of all applications
    99.26%

    First Republic Bank 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
    88.18%

    First Republic Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 30,177 $43,912,145,000 $1,455,153

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    30,177 $43,912,145,000 $1,455,153

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4,079 $4,741,495,000 $1,162,416 $5,695 3.55%
    40-60% 7,888 $14,227,740,000 $1,803,720 $7,055 3.46%
    60-80% 12,472 $20,623,260,000 $1,653,565 $6,146 3.41%
    80-100% 2,717 $2,687,745,000 $989,233 $3,308 3.42%
    Over 100% 1 $605,000 $605,000 $0 2.50%
    Under 20% 3,020 $1,631,300,000 $540,166 $4,367 4.13%

    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%