# First Bank

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

> **📋 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 Bank is a bank, headquartered in Southern Pines, NC, serving borrowers across 3 states, with 636 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 17% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 27% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900L67A0ZTJRS6614
- **Headquarters:** Southern Pines, NC
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** NC, SC, VA
- **Markets (MSAs):** 13
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 83/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.059%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,210
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 636
- **Dollar Volume:** $217 million
- **Applications Received:** 793
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $341,635
- **Average Borrower Income:** $138,876

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (78%)
- ⭐ **Refinance Gold Superstar** (71%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 70/100 | 579 | +0.092% | $1,251 | Strong 😀 |
| FHA | 50/100 | 16 | +0.071% | $1,507 | Sound ☺️ |
| VA | 55/100 | 12 | -0.674% | $697 | Sound ☺️ |
| Jumbo | 66/100 | 22 | +0.515% | $-137 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 521 loans, Score: 70/100 (Strong)
- Refinance: 58 loans, Score: 57/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 66/100 | 573 | $197M | +0.056% | Strong 😀 |
| Refinance | 57/100 | 63 | $21M | +0.068% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NC | 591 | 0.40% | 80/100 |
| SC | 44 | 0.05% | 56/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 147 | 59/100 |
| Wilmington, NC | NC | 112 | 83/100 |
| Asheville, NC | NC | 64 | 77/100 |
| Charlotte | NC-SC | 59 | 63/100 |
| Pinehurst | NC | 45 | 77/100 |
| Greensboro | NC | 38 | 63/100 |
| Winston | NC | 35 | 61/100 |
| Raleigh | NC | 25 | 53/100 |
| Durham | NC | 19 | 52/100 |
| Florence, SC | SC | 15 | 52/100 |
| Jacksonville, NC | NC | 15 | 50/100 |
| Hickory | NC | 12 | 45/100 |
| Fayetteville, NC | NC | 11 | 44/100 |

## Frequently Asked Questions

### What loan types does First Bank offer?

First Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First Bank offer mortgages?

First Bank offers mortgages in 3 states: NC, SC, VA.

### How competitive are First Bank's mortgage rates?

First Bank has a pricing score of 83/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.059% above market average.

### What type of lender is First Bank?

First Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Southern Pines, NC.

### What is First Bank's loan approval success rate?

First Bank has a pull-through score of 73/100 (Strong). 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/first-bank-nc

### How to Cite

> "First Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-bank-nc

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