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First National Bank of America
Bank|East Lansing, MI|National
Loans Originated
3,145
Applications
4,598
Volume
$934 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+1.868%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$6,885
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
68.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Nationwide availability with consistent service
Things to Think About
- Rates typically 187 basis points above market average
- Higher than average fees ($6,885)
Report Card
First National Bank of America performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
Jumbo | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | National · 50 metro areas · 47 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$297,258
Average Borrower Income
$138,590
Average Property Value
$400,546
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Sound | 3,126 | 99.4% | +1.868% | $6,885 |
Jumbo Loans | Acceptable | Sound | N/A | Acceptable | 19 | 0.6% | — | — |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 2,941 | 93.5% | +1.874% | $7,211 |
Refinance | Acceptable | Sound | N/A | Acceptable | 204 | 6.5% | +1.828% | $4,716 |
Geographic Coverage
Metro Areas
49
States Served
47
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNENHNJNMNVNYOHOKORPARISCTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Atlanta, GAMSA
Volume: 187Mix: 5.95%
Place Specialization
Strong
2
Charleston, SCMSA
Volume: 76Mix: 2.42%
Place Specialization
Strong
3
Bridgeport, CTMSA
Volume: 62Mix: 1.97%
Place Specialization
Strong
4
Washington, DC, DC-MDMSA
Volume: 69Mix: 2.19%
Place Specialization
Strong
5
Marietta, GA, GAMSA
Volume: 73Mix: 2.32%
Place Specialization
Strong
6
Chicago, ILMSA
Volume: 137Mix: 4.36%
Place Specialization
Strong
7
Baltimore, MDMSA
Volume: 89Mix: 2.83%
Place Specialization
Strong
8
Charlotte, NC-SCMSA
Volume: 84Mix: 2.67%
Place Specialization
Strong
9
Birmingham, AL, ALMSA
Volume: 50Mix: 1.59%
Place Specialization
Strong
10
Frederick, MDMSA
Volume: 48Mix: 1.53%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
GAState
Volume: 293Mix: 9.32%
Place Specialization
Strong
2
MDState
Volume: 232Mix: 7.38%
Place Specialization
Strong
3
CTState
Volume: 146Mix: 4.64%
Place Specialization
Strong
4
SCState
Volume: 146Mix: 4.64%
Place Specialization
Strong
5
MAState
Volume: 168Mix: 5.34%
Place Specialization
Strong
6
ILState
Volume: 181Mix: 5.76%
Place Specialization
Strong
7
VAState
Volume: 142Mix: 4.52%
Place Specialization
Strong
8
NCState
Volume: 205Mix: 6.52%
Place Specialization
Strong
9
NJState
Volume: 113Mix: 3.59%
Place Specialization
Strong
10
TXState
Volume: 183Mix: 5.82%
Place Specialization
Strong
Showing 10 of 32 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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