First Peoples Community Federal Credit Union Mortgage Rates, Fees & Info

CUMBERLAND, MD

LEI: 2549007WBD70RLDH1669

Tax ID: 52-0905189

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Peoples Community Federal Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. First Peoples Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cumberland, Somerset, Hagerstown, Washington, and Chambersburg among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Peoples Community Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Peoples Community Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.73% 12/16/24
    30 Year Conventional Refi 5.96% 12/16/24
    30 Year Cash-out Refi 6.64% 12/16/24
    15 Year Conventional Purchase 5.30% 12/16/24
    15 Year Conventional Refi 4.73% 12/16/24
    15 Year Cash-out Refi 4.73% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First Peoples Community Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Peoples Community Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    412

    Origination Dollar Volume (All Markets)

    $36,540,000
    Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    CUMBERLAND, MD-WV (FHA|USDA|VA) 294 $23,860,000 $81,156 $1,272 4.42%
    Outside of Metro Areas 72 $8,610,000 $119,583 $1,236 4.35%
    Somerset, PA (FHA|USDA|VA) 35 $2,995,000 $85,571 $1,674 4.29%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $260,000 $130,000 $2,613 4.38%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $195,000 $195,000 $2,841 5.50%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $155,000 $155,000 $1,699 3.00%
    North Wilkesboro, NC (FHA|USDA|VA) 1 $105,000 $105,000 $6,144 4.63%
    MORGANTOWN, WV (FHA|USDA|VA) 2 $100,000 $50,000 $598 5.00%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $95,000 $95,000 $632 6.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $75,000 $75,000 $1,791 4.75%
    Indiana, PA (FHA|USDA|VA) 1 $55,000 $55,000 $2,936 4.25%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $35,000 $35,000 $133 2.50%
    First Peoples Community Federal Credit Union's top markets include Cumberland, Somerset, Hagerstown, Washington, and Chambersburg among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Commercial Bank and Trust of PA
    Similarity Rank: 12
    CHESSIE
    Similarity Rank: 30
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 36
    1st Summit Bank
    Similarity Rank: 42
    AFFORDABLE MORTGAGE ADVISORS, LLC.
    Similarity Rank: 80
    SOMERSET TRUST COMPANY
    Similarity Rank: 238
    MILLENNIUM FINANCIAL GROUP, INC.
    Similarity Rank: 336
    C & F Mortgage Corporation
    Similarity Rank: 943
    SOUTHERN TRUST MORTGAGE, LLC
    Similarity Rank: 946
    GUARANTY HOME MORTGAGE CORPORATION
    Similarity Rank: 1040

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 407 $36,135,000 $88,784 $1,325 4.38%
    HELOC 5 $405,000 $81,000 n/a 5.75%

    For 2018, First Peoples Community Federal Credit Union's most frequently originated type of loan was Conventional, with 407 originations. Their 2nd most popular type was HELOC, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 140 $14,060,000 $100,429 $1,152 4.21%
    Home Purchase 126 $13,370,000 $106,111 $2,466 4.50%
    Cash Out Refi 122 $8,160,000 $66,885 $569 4.48%
    Home Improvement 14 $410,000 $29,286 $231 4.21%
    Other 10 $540,000 $54,000 $381 5.13%

    For 2018, First Peoples Community Federal Credit Union's most frequently cited loan purpose was Refi, with 140 originations. The 2nd most popular reason was Home Purchase, with 126 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 120 $16,270,000 $135,583 $2,724 4.36%
    15 Year 113 $9,555,000 $84,558 $993 4.54%
    10 Year 77 $3,975,000 $51,623 $400 4.61%
    Other 35 $1,635,000 $46,714 $288 4.02%
    20 Year 33 $3,965,000 $120,152 $1,088 4.40%
    5 Year 28 $630,000 $22,500 $215 3.56%
    3 Year 6 $510,000 $85,000 $0 5.96%

    For 2018, First Peoples Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 120 originations. The 2nd most popular length was 15 Year, with 113 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 361 $31,705,000 $87,825
    $1k-2k 19 $2,275,000 $119,737

    First Peoples Community Federal Credit Union's average total fees were $2,724, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 361 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 165 $17,065,000 $103,424
    3-4% 148 $12,710,000 $85,878
    5-6% 67 $4,495,000 $67,090
    2.5-3% 19 $1,305,000 $68,684
    6-7% 8 $450,000 $56,250
    7-8% 3 $325,000 $108,333
    <2.5% 2 $190,000 $95,000

    During 2018, First Peoples Community Federal Credit Union's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 278 $14,290,000 $51,403 $848 4.41%
    $100k-200k 106 $14,410,000 $135,943 $2,095 4.47%
    $200k-400k 26 $6,630,000 $255,000 $2,882 4.09%
    $400k-600k 1 $425,000 $425,000 $4,124 3.50%
    $600k-1MM 1 $785,000 $785,000 $5,554 4.50%

    2018 saw First Peoples Community Federal Credit Union place emphasis on $100,000 or less loans with 278 originations, totaling $14,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 128 $8,030,000 $62,734 $1,119 4.18%
    $50k-75k 104 $9,130,000 $87,788 $1,444 4.44%
    $75k-100k 74 $6,420,000 $86,757 $1,295 4.62%
    $100k-150k 70 $7,450,000 $106,429 $1,459 4.50%
    $150k-250k 26 $3,460,000 $133,077 $1,622 4.48%
    $250k+ 10 $2,050,000 $205,000 $1,603 4.31%

    First Peoples Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 128 originations. The second most popular income band? $50k-75k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 118 $10,680,000 $90,508 $1,291 4.34%
    <20% 93 $7,315,000 $78,656 $1,205 4.13%
    30-36% 90 $8,890,000 $98,778 $1,684 4.37%
    40% 17 $1,325,000 $77,941 $1,024 4.91%
    37% 13 $915,000 $70,385 $983 4.64%
    50-60% 13 $1,595,000 $122,692 $1,605 5.07%
    38% 11 $785,000 $71,364 $1,225 4.60%
    >60% 10 $930,000 $93,000 $861 4.65%
    39% 10 $1,080,000 $108,000 $2,078 4.36%
    41% 7 $815,000 $116,429 $1,338 4.73%
    43% 6 $560,000 $93,333 $1,392 4.85%
    42% 6 $310,000 $51,667 $736 4.33%
    44% 5 $295,000 $59,000 $382 4.50%
    36% 3 $215,000 $71,667 $834 4.13%
    48% 3 $255,000 $85,000 $681 4.17%
    45% 2 $160,000 $80,000 $378 6.38%
    46% 2 $100,000 $50,000 $314 5.13%
    47% 2 $150,000 $75,000 $1,278 4.38%
    49% 1 $165,000 $165,000 $906 6.00%

    First Peoples Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 118 originations. The next most common DTI ratio? <20%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 407 $36,135,000 $88,784 $1,328 4.39%
    Asian 2 $190,000 $95,000 $487 4.25%
    Black 1 $135,000 $135,000 $2,677 4.75%
    Not applicable 2 $80,000 $40,000 $422 5.50%

    Approval Rates

    Total approvals of all applications
    91.38%

    First Peoples Community Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.79%

    First Peoples Community Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $65,000 $65,000
    NA 411 $36,475,000 $88,747

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $550,000 $137,500
    Single Family (1-4 Units):Manufactured 25 $2,065,000 $82,600
    Single Family (1-4 Units):Site-Built 383 $33,925,000 $88,577

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $2,175,000 $42,647 $435 4.20%
    40-60% 68 $5,230,000 $76,912 $923 4.24%
    60-80% 115 $12,695,000 $110,391 $1,438 4.47%
    80-100% 118 $14,170,000 $120,085 $2,260 4.44%
    Over 100% 3 $385,000 $128,333 $1,910 4.08%
    Under 20% 55 $1,515,000 $27,545 $334 4.59%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Other type of mortgage Trouble during payment process 1 50.0%
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%