First American Bank
Who is First American Bank?
First American Bank is a privately held, full-service community bank serving consumers and businesses with a broad range of financial products and services. Its mortgage division offers conventional and government-backed options; eligibility, availability, and any promotional credits vary by product and state.
How First American Bank Rates and Fees Compare to Other Lenders
We use historic rate information to provide an apples-to-apples comparison of lenders, but you’ll need to check the rates on the lender’s website for up-to-date pricing on your specific scenario. We used costs for a purchase, primary residence, 30-year fixed mortgage with 20% down payment. We frame the lender’s rate relative to the national median on the publish date. Compare total cost, including fees. No taxes, insurance, or interest rate points included.
| First American Bank | Typical Lender (Median) | Tomo Mortgage | |
|---|---|---|---|
| Interest Rate (par rate) | 0.23% less than the median | 6.58% (Aug 18, 2025 median) | 0.30% less than the median |
| Lender Fees | $949 | $1,360 | $0 |
| Cost after 1 year | $21,163 (~$20,214 interest + $949 fees) | $22,311 (~$20,951 interest + $1,360 fees) | $19,990 (~$19,990 interest + $0 fees) |
| Cost after 10 years | $190,143 (~$189,194 interest + $949 fees) | $197,924 (~$196,564 interest + $1,360 fees) | $186,955 (~$186,955 interest + $0 fees) |
What Customers Are Saying
First American Bank’s mortgage lending receives mixed feedback in public forums. Some borrowers cite helpful loan officers and competitive quotes, while recurring complaints about communication and closing-time changes highlight the importance of comparing written Loan Estimates across multiple lenders.
“Positive service and responsive support.”
“Friendly staff and quick process.”
“Some delays in underwriting; ultimately closed on time.”
Third-party sites reflect individual experiences. Use multiple, recent sources and confirm pricing on a written Loan Estimate.
Where Did We Get Our Data
Public Data: Lender fees and originations through 2024 are available through the CFPB’s Home Mortgage Disclosure Act.
TrueRate Analysis: TrueRate analyzed the rates lenders actually gave to buyers for the last three years to identify lenders more likely to get you a good deal.
Licensing Data: We review lenders’ active license information and operations via the NMLS system.
Customer Feedback: We reviewed feedback on Google, Consumer Affairs, the BBB, and Bankrate, among others.
About Our Team
Our team uses TrueRate to analyze hundreds of thousands of real loans, apples-to-apples, so that we can give people a clear and objective view of a mortgage lender’s history. The goal is simple: show who’s been fair historically, and who hasn’t, so homebuyers have the information they need to make the right choice on their home loan.