First Republic Bank Mortgage Rates, Fees & Info
San Francisco, CALEI: YWC0TIKBQM2JV8L4IV08
Tax ID: 80-0513856
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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: Los Angeles, San Francisco, New York, San Diego, and Boston among others. We have data for 103 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/17/24 |
| 30 Year Conventional Purchase | 4.96% | 12/17/24 |
| 30 Year Conventional Refi | 5.36% | 12/17/24 |
| 30 Year Cash-out Refi | 5.44% | 12/17/24 |
| 30 Year FHA Purchase | 6.27% | 12/17/24 |
| 15 Year Conventional Purchase | 4.77% | 12/17/24 |
| 15 Year Conventional Refi | 5.19% | 12/17/24 |
| 15 Year Cash-out Refi | 5.19% | 12/17/24 |
| 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. | ||
First Republic Bank Mortgage Calculator
Your Estimates
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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
5,810Origination Dollar Volume (All Markets)
$7,553,180,000Awards
First Republic Bank - 2023
First Republic 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
First Republic Bank's average 30 year fixed mortgage rate was
4.76%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -1.72%.
Relative Fees (Closing Costs)
First Republic Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,186.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1,232 | $2,110,230,000 | $1,712,849 | $5,104 | 5.03% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1,559 | $1,521,355,000 | $975,853 | $4,180 | 5.29% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 996 | $1,168,160,000 | $1,172,851 | $5,220 | 4.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 369 | $481,435,000 | $1,304,702 | $5,520 | 5.37% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 415 | $440,615,000 | $1,061,723 | $4,478 | 5.16% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 193 | $364,255,000 | $1,887,332 | $11,168 | 5.14% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 242 | $279,260,000 | $1,153,967 | $2,627 | 5.14% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 36 | $123,460,000 | $3,429,444 | $6,464 | 5.22% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 94 | $106,560,000 | $1,133,617 | $3,397 | 5.16% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 58 | $89,310,000 | $1,539,828 | $5,613 | 5.61% |
| Outside of Metro Areas | 32 | $81,110,000 | $2,534,688 | $8,273 | 5.33% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 54 | $79,840,000 | $1,478,519 | $5,383 | 5.28% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 15 | $75,965,000 | $5,064,333 | $5,278 | 5.28% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 54 | $71,490,000 | $1,323,889 | $10,290 | 5.03% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 33 | $65,515,000 | $1,985,303 | $13,674 | 5.54% |
| Jackson, WY-ID (FHA|USDA|VA) | 29 | $50,285,000 | $1,733,966 | $4,999 | 5.67% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 24 | $39,600,000 | $1,650,000 | $10,874 | 5.44% |
| NAPA, CA (FHA|USDA|VA) | 48 | $39,240,000 | $817,500 | $4,583 | 5.49% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $24,885,000 | $8,295,000 | $9,322 | 5.65% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 25 | $19,445,000 | $777,800 | $4,112 | 5.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 8 | $18,050,000 | $2,256,250 | $6,535 | 5.04% |
| SALINAS, CA (FHA|USDA|VA) | 10 | $17,490,000 | $1,749,000 | $13,564 | 5.84% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 8 | $16,170,000 | $2,021,250 | $8,404 | 4.99% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $14,915,000 | $1,355,909 | $5,567 | 5.30% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $13,790,000 | $6,895,000 | $13,711 | 4.48% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 12 | $12,800,000 | $1,066,667 | $3,830 | 5.59% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 15 | $11,795,000 | $786,333 | $4,761 | 5.49% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $11,325,000 | $3,775,000 | $18,076 | 5.48% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $10,240,000 | $1,280,000 | $10,205 | 4.89% |
| Hilo, HI (FHA|USDA|VA) | 6 | $9,780,000 | $1,630,000 | $10,487 | 4.96% |
| Heber, UT (FHA|USDA|VA) | 8 | $9,650,000 | $1,206,250 | $9,188 | 5.69% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $9,615,000 | $1,373,571 | $6,775 | 4.66% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $9,005,000 | $1,000,556 | $6,009 | 5.82% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $8,640,000 | $1,080,000 | $10,309 | 4.55% |
| Hailey, ID (FHA|USDA|VA) | 6 | $8,410,000 | $1,401,667 | $9,867 | 5.74% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $7,130,000 | $3,565,000 | $779 | 5.70% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $6,805,000 | $1,361,000 | $9,461 | 4.65% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $6,775,000 | $752,778 | $5,777 | 4.78% |
| Edwards, CO (FHA|USDA|VA) | 4 | $5,880,000 | $1,470,000 | $5,937 | 6.79% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 8 | $5,750,000 | $718,750 | $3,963 | 5.27% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $5,605,000 | $622,778 | $6,731 | 5.28% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $5,305,000 | $5,305,000 | $0 | 5.55% |
| BOULDER, CO (FHA|USDA|VA) | 6 | $4,610,000 | $768,333 | $3,359 | 4.72% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $4,405,000 | $881,000 | $4,336 | 5.21% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $4,135,000 | $827,000 | $5,816 | 4.97% |
| BEND, OR (FHA|USDA|VA) | 7 | $3,665,000 | $523,571 | $4,292 | 5.95% |
| Lebanon, NH-VT (FHA|USDA|VA) | 4 | $3,520,000 | $880,000 | $5,623 | 4.99% |
| RENO, NV (FHA|USDA|VA) | 6 | $3,420,000 | $570,000 | $3,929 | 5.59% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $3,415,000 | $3,415,000 | $13,173 | 4.70% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $3,345,000 | $3,345,000 | $16,518 | 3.90% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $3,300,000 | $1,650,000 | $9,398 | 4.63% |
| Vineyard Haven, MA (FHA|USDA|VA) | 4 | $3,090,000 | $772,500 | $0 | 7.03% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $3,035,000 | $433,571 | $6,218 | 5.79% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 5 | $2,945,000 | $589,000 | $4,723 | 6.03% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $2,885,000 | $577,000 | $3,848 | 5.46% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $2,330,000 | $1,165,000 | $5,075 | 5.08% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $2,305,000 | $2,305,000 | $0 | 5.10% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 3 | $2,265,000 | $755,000 | $4,702 | 6.62% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $2,245,000 | $2,245,000 | $5,987 | 5.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $2,230,000 | $1,115,000 | $4,765 | 5.10% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $2,170,000 | $1,085,000 | $5,877 | 4.70% |
| Bozeman, MT (FHA|USDA|VA) | 4 | $2,050,000 | $512,500 | $3,122 | 6.76% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $2,010,000 | $1,005,000 | $6,099 | 4.60% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $1,955,000 | $391,000 | $3,614 | 4.66% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $1,755,000 | $1,755,000 | $6,452 | 4.85% |
| Torrington, CT (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $4,132 | 5.90% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,650,000 | $412,500 | $5,909 | 5.09% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $10,101 | 4.85% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $1,265,000 | $1,265,000 | $10,643 | 4.40% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $4,084 | 4.73% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 6.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 11 | $1,155,000 | $105,000 | $0 | 5.59% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $21,405 | 5.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $5,236 | 4.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $4,898 | 4.75% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $5,951 | 5.70% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 5.85% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $498 | 6.43% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $6,525 | 5.03% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 5.35% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $1,742 | 4.85% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $4,209 | 4.50% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $4,785 | 5.05% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $3,968 | 5.60% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,058 | 5.15% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,500 | 4.40% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,334 | 4.85% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 7.00% |
| Astoria, OR (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,265 | 6.10% |
| Hudson, NY (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $7,786 | 5.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,519 | 4.65% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,067 | 4.15% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $13,947 | 4.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,764 | 5.15% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,905 | 5.25% |
| Laconia, NH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,331 | 4.50% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,172 | 6.45% |
| Rutland, VT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,367 | 4.40% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.55% |
| Hood River, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.75% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,731 | 5.30% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.90% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Republic 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 | 4,980 | $6,965,370,000 | $1,398,669 | $5,198 | 4.81% |
| HELOC | 830 | $587,810,000 | $708,205 | n/a | 7.15% |
For 2023, First Republic Bank's most frequently originated type of loan was Conventional, with 4,980 originations. Their 2nd most popular type was HELOC, with 830 originations.
Loan Reason
For 2023, First Republic Bank's most frequently cited loan purpose was Home Purchase, with 3,798 originations. The 2nd most popular reason was Refi, with 859 originations.
Loan Duration/Length
For 2023, First Republic Bank's most frequently cited loan duration was 30 Year, with 4,586 originations. The 2nd most popular length was Other, with 840 originations.
Origination Fees/Closing Costs
First Republic Bank's average total fees were $5,186, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,623 originations.
Interest Rates
During 2023, First Republic Bank's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 2,524 originations.
Loan Sizing
2023 saw First Republic Bank place emphasis on $1MM+ loans with 2,042 originations, totaling $5,569,720,000 in origination value.
Applicant Income
First Republic Bank lent most frequently to those with incomes in the $250k+ range, with 2,913 originations. The second most popular income band? $150k-250k, with 993 originations.
Applicant Debt to Income Ratio
First Republic Bank lent most frequently to those with DTI ratios of 20-30%, with 1,208 originations. The next most common DTI ratio? 30-36%, with 984 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.54%
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 origination82.84%
First Republic Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,810 | $7,553,180,000 | $1,300,031 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,810 | $7,553,180,000 | $1,300,031 |