# FIRST BANCORP, INC.

> **Canonical URL:** https://saferate.com/lenders/first-bancorp


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


FIRST BANCORP, INC. is a bank, headquartered in LEBANON, VA, serving borrowers across 7 states, with 285 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 84% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 51% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300V6LKROCIL7OI49
- **Headquarters:** LEBANON, VA
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** GA, MD, NC, SC, TN, VA, WV
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 16/100
- Rating: ●○○○○ (1/5)

### Pull Through: Sound ☺️
- Score: 49/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.618%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,082
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 285
- **Dollar Volume:** $89 million
- **Applications Received:** 394
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $313,386
- **Average Borrower Income:** $157,281
- **Average Property Value:** $497,316

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 62/100 | 275 | +0.632% | $2,049 | Strong 😀 |
| Jumbo | 40/100 | 10 | +0.087% | $3,318 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 238 loans, Score: 62/100 (Strong)
- Refinance: 37 loans, Score: 52/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 59/100 | 247 | $78M | +0.608% | Sound ☺️ |
| Refinance | 50/100 | 38 | $12M | +0.679% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| VA | 210 | 0.19% | 77/100 |
| TN | 49 | 0.05% | 58/100 |
| NC | 19 | 0.01% | 45/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Kingsport | TN-VA | 78 | 75/100 |
| Non |  | 61 | 49/100 |
| Lynchburg, VA | VA | 31 | 65/100 |
| Blacksburg | VA | 25 | 64/100 |
| Staunton | VA | 23 | 62/100 |
| Richmond, VA | VA | 14 | 47/100 |
| Johnson City, TN | TN | 13 | 48/100 |

## Where This Lender Ranks

FIRST BANCORP, INC. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#5** in Staunton for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/staunton/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in Kingsport Banks
  - [View Full Rankings](https://saferate.com/kingsport/best-mortgage-lenders/banks)
- 🏆 **#6** in Blacksburg for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/blacksburg/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in Johnson City, TN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/johnson-city-tn/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#8** in Kingsport for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/kingsport/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#8** in Lynchburg, VA Banks
  - [View Full Rankings](https://saferate.com/lynchburg-va/best-mortgage-lenders/banks)
- 🏆 **#15** in Lynchburg, VA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/lynchburg-va/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#15** in Blacksburg
  - [View Full Rankings](https://saferate.com/blacksburg/best-mortgage-lenders)
- 🏆 **#20** in Blacksburg for Conventional Loans
  - [View Full Rankings](https://saferate.com/blacksburg/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does FIRST BANCORP, INC. offer?

FIRST BANCORP, INC. offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does FIRST BANCORP, INC. offer mortgages?

FIRST BANCORP, INC. offers mortgages in 7 states: GA, MD, NC, SC, TN, VA, WV.

### How competitive are FIRST BANCORP, INC.'s mortgage rates?

FIRST BANCORP, INC. has a pricing score of 16/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.618% above market average.

### What type of lender is FIRST BANCORP, INC.?

FIRST BANCORP, INC. is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in LEBANON, VA.

### What is FIRST BANCORP, INC.'s loan approval success rate?

FIRST BANCORP, INC. has a pull-through score of 49/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-bancorp

### How to Cite

> "FIRST BANCORP, INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-bancorp

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