First Financial Bank IN Mortgage Interest Rate and Cost Review

Is First Financial Bank IN a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by First Financial Bank IN to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of First Financial Bank IN nationally:

Review ItemFirst Financial Bank IN
Interest Ratesimilar to other lenders (-0.01%)
Loan Related Closing Costssimilar to other lenders (+$79)
National Rate and Closing Cost Star Rating(3.5)

On average, First Financial Bank IN’s interest rates were similar to those of other lenders (-0.01%) for a comparable set of borrowers. Its loan related closing costs were also similar to those of other lenders, with a difference of +$79. Overall, combining interest rates and closing costs we estimate that First Financial Bank IN tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars. To visit First Financial Bank IN, its website is located at: https://www.first-online.bank.

First Financial Bank IN’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track First Financial Bank IN was most active in:

  1. Terre Haute, IN
  2. Indianapolis, IN
  3. Decatur, IL
  4. Lafayette, IN
  5. Champaign, IL

You can click through to check out First Financial Bank IN’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

First Financial Bank IN’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, First Financial Bank IN originated Conforming, FHA, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.00%-0.04%-0.03%-0.02%
Loan Related Closing Cost Difference+$85+$1+$146+$3
Cost Adjusted Rate Difference+0.01%-0.04%+0.00%-0.02%
National Star Rating(3.5)(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAVA
Interest Rate Difference-0.04%-0.01%-0.00%
Loan Related Closing Cost Difference+$61+$1-$23
Cost Adjusted Rate Difference-0.03%-0.01%-0.00%
Average Star Rating(3.5)(3.5)(3.5)

As a summary, First Financial Bank IN is similar to other lenders for Conforming, FHA, USDA and VA purchase mortgages. For refinancing mortgages, First Financial Bank IN is similar to other lenders for Conforming, FHA and VA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about First Financial Bank IN:

Registered name: First Financial Bank National Association
Registered city and state: Terre Haute, IN, 47802
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: FIRST FINANCIAL CORPORATION

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for First Financial Bank IN’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.