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 Home Purchase, Refi, 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, Winchester, and Charleston among others. We have data for 13 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

    458

    Origination Dollar Volume (All Markets)

    $51,020,000

    Awards

    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION 30 Year Conventional Loans bronze FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION 30 Year Conventional Loans gold FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION 30 Year Conventional Loans gold FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION 30 Year Conventional Loans silver
    Show all (4) 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) 284 $28,440,000 $100,141 $1,502 3.99%
    Outside of Metro Areas 89 $13,445,000 $151,067 $2,037 3.91%
    Somerset, PA (FHA|USDA|VA) 63 $5,815,000 $92,302 $1,884 3.89%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 5 $715,000 $143,000 $2,135 3.90%
    WINCHESTER, VA-WV (FHA|USDA|VA) 5 $685,000 $137,000 $2,779 3.43%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $535,000 $535,000 $3,241 4.25%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $375,000 $125,000 $1,694 3.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $265,000 $265,000 $1,941 3.75%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $230,000 $115,000 $3,079 4.00%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $175,000 $175,000 $3,753 3.63%
    JOHNSTOWN, PA (FHA|USDA|VA) 2 $130,000 $65,000 $1,886 4.00%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $115,000 $115,000 $2,335 3.75%
    Forest City, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,607 3.75%
    First Peoples Community Federal Credit Union's top markets include Cumberland, Somerset, Hagerstown, Winchester, and Charleston among others.

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

    CHESSIE
    Similarity Rank: 28
    AFFORDABLE MORTGAGE ADVISORS, LLC.
    Similarity Rank: 128
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 143
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 168
    SOMERSET TRUST COMPANY
    Similarity Rank: 261
    First National Bank of Pennsylvania
    Similarity Rank: 987
    C & F Mortgage Corporation
    Similarity Rank: 989
    First Commonwealth Bank
    Similarity Rank: 1092
    GUARANTY HOME MORTGAGE CORPORATION
    Similarity Rank: 1452
    CREDIT UNION MORTGAGE ASSOCIATION, INC.
    Similarity Rank: 1701

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 458 $51,020,000 $111,397 $1,704 3.95%

    For 2019, First Peoples Community Federal Credit Union's most frequently originated type of loan was Conventional, with 458 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 156 $18,680,000 $119,744 $2,712 3.99%
    Refi 146 $19,610,000 $134,315 $1,610 3.81%
    Cash Out Refi 146 $12,200,000 $83,562 $802 4.06%
    Home Improvement 8 $460,000 $57,500 $744 3.69%
    Other 2 $70,000 $35,000 $206 4.88%

    For 2019, First Peoples Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 156 originations. The 2nd most popular reason was Refi, with 146 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 160 $24,020,000 $150,125 $2,999 3.92%
    15 Year 122 $14,040,000 $115,082 $1,324 4.08%
    10 Year 70 $4,290,000 $61,286 $455 4.06%
    20 Year 43 $5,935,000 $138,023 $1,801 4.08%
    5 Year 33 $1,155,000 $35,000 $275 3.18%
    Other 27 $1,425,000 $52,778 $493 4.02%
    3 Year 2 $20,000 $10,000 $134 3.25%
    30+ year 1 $135,000 $135,000 $4,331 4.00%

    For 2019, First Peoples Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 160 originations. The 2nd most popular length was 15 Year, with 122 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 315 $29,955,000 $95,095
    $1k-2k 140 $20,880,000 $149,143

    First Peoples Community Federal Credit Union's average total fees were $2,999, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 315 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 242 $31,470,000 $130,041
    4-5% 134 $12,930,000 $96,493
    5-6% 37 $3,445,000 $93,108
    2.5-3% 22 $2,270,000 $103,182
    <2.5% 19 $665,000 $35,000
    6-7% 3 $145,000 $48,333
    7-8% 1 $95,000 $95,000

    During 2019, First Peoples Community Federal Credit Union's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 3-4%, with 242 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 267 $14,955,000 $56,011 $1,036 4.01%
    $100k-200k 136 $19,220,000 $141,324 $2,283 3.93%
    $200k-400k 48 $12,740,000 $265,417 $3,372 3.67%
    $400k-600k 5 $2,485,000 $497,000 $4,221 3.80%
    $600k-1MM 2 $1,620,000 $810,000 $4,153 4.50%

    2019 saw First Peoples Community Federal Credit Union place emphasis on $100,000 or less loans with 267 originations, totaling $14,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 114 $8,140,000 $71,404 $1,501 4.03%
    $50k-75k 106 $10,950,000 $103,302 $1,908 3.97%
    $75k-100k 101 $10,115,000 $100,149 $1,633 3.91%
    $100k-150k 83 $10,185,000 $122,711 $1,486 3.94%
    $150k-250k 34 $6,310,000 $185,588 $2,140 3.81%
    $250k+ 20 $5,320,000 $266,000 $2,319 3.84%

    First Peoples Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 114 originations. The second most popular income band? $50k-75k, with 106 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 153 $16,195,000 $105,850 $1,837 3.96%
    <20% 121 $12,915,000 $106,736 $1,344 3.85%
    30-36% 79 $8,835,000 $111,835 $1,770 4.04%
    36% 15 $1,855,000 $123,667 $2,332 4.10%
    37% 11 $1,305,000 $118,636 $1,939 4.03%
    >60% 10 $910,000 $91,000 $1,388 4.56%
    42% 10 $1,320,000 $132,000 $1,916 3.76%
    40% 9 $935,000 $103,889 $2,116 3.88%
    38% 9 $935,000 $103,889 $1,709 3.69%
    39% 9 $1,205,000 $133,889 $1,791 3.94%
    50-60% 8 $1,180,000 $147,500 $1,155 4.42%
    43% 7 $1,545,000 $220,714 $2,714 3.84%
    44% 5 $655,000 $131,000 $1,353 3.35%
    41% 4 $510,000 $127,500 $2,283 3.63%
    47% 3 $285,000 $95,000 $1,903 4.29%
    45% 2 $130,000 $65,000 $1,208 3.69%
    48% 1 $135,000 $135,000 $2,751 3.63%
    46% 1 $25,000 $25,000 $297 3.50%
    49% 1 $145,000 $145,000 $1,727 4.13%

    First Peoples Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 153 originations. The next most common DTI ratio? <20%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 450 $50,540,000 $112,311 $1,728 3.94%
    Not provided 2 $200,000 $100,000 $863 3.75%
    Black 3 $135,000 $45,000 $40 5.58%
    Asian 1 $55,000 $55,000 $200 2.25%
    American Indian 1 $45,000 $45,000 $575 4.50%
    Not applicable 1 $45,000 $45,000 $228 3.50%

    Approval Rates

    Total approvals of all applications
    93.50%

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

    Pick Rate

    Approvals leading to origination
    79.91%

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

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $75,000 $75,000
    NA 457 $50,945,000 $111,477

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $935,000 $103,889
    Single Family (1-4 Units):Site-Built 449 $50,085,000 $111,548

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $3,325,000 $60,455 $533 3.85%
    40-60% 57 $4,855,000 $85,175 $1,138 3.79%
    60-80% 136 $19,420,000 $142,794 $1,749 3.97%
    80-100% 162 $21,260,000 $131,235 $2,564 4.02%
    Over 100% 9 $935,000 $103,889 $2,482 4.24%
    Under 20% 38 $1,140,000 $30,000 $305 3.89%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 4 57.1%
    First Technology Federal Credit Union Home equity loan or line of credit (HELOC) Trouble during payment process 1 14.3%