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

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  • 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, Cash Out Refi, and Home Purchase loans. First Peoples Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cumberland, Somerset, Chambersburg, Punta Gorda, and Winchester 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 an above 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

    416

    Origination Dollar Volume (All Markets)

    $52,640,000
    Show all (6) 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) 253 $30,255,000 $119,585 $1,714 3.59%
    Outside of Metro Areas 78 $10,120,000 $129,744 $2,066 3.65%
    Somerset, PA (FHA|USDA|VA) 65 $7,285,000 $112,077 $2,008 3.39%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 8 $1,470,000 $183,750 $3,224 3.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $845,000 $845,000 $8,635 2.88%
    WINCHESTER, VA-WV (FHA|USDA|VA) 3 $625,000 $208,333 $2,555 3.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $4,141 3.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $525,000 $525,000 $2,312 3.25%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $490,000 $245,000 $3,091 3.38%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $320,000 $160,000 $2,069 4.19%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $85,000 $85,000 $1,335 2.25%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $75,000 $75,000 $863 2.25%
    First Peoples Community Federal Credit Union's top markets include Cumberland, Somerset, Chambersburg, Punta Gorda, and Winchester among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (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: 78
    1st Summit Bank
    Similarity Rank: 81
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 108
    SOMERSET TRUST COMPANY
    Similarity Rank: 216
    Dollar Bank, Federal Savings Bank
    Similarity Rank: 730
    SOUTHERN TRUST MORTGAGE, LLC
    Similarity Rank: 810
    First Commonwealth Bank
    Similarity Rank: 1092
    CREDIT UNION MORTGAGE ASSOCIATION, INC.
    Similarity Rank: 1205
    C & F Mortgage Corporation
    Similarity Rank: 1353
    First National Bank of Pennsylvania
    Similarity Rank: 1566

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 416 $52,640,000 $126,538 $1,890 3.56%

    For 2022, First Peoples Community Federal Credit Union's most frequently originated type of loan was Conventional, with 416 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 161 $19,725,000 $122,516 $1,575 3.19%
    Cash Out Refi 125 $11,445,000 $91,560 $1,178 3.58%
    Home Purchase 123 $20,945,000 $170,285 $3,068 3.96%
    Home Improvement 4 $430,000 $107,500 $1,559 4.60%
    Other 3 $95,000 $31,667 $611 4.30%

    For 2022, First Peoples Community Federal Credit Union's most frequently cited loan purpose was Refi, with 161 originations. The 2nd most popular reason was Cash Out Refi, with 125 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 104 $13,760,000 $132,308 $1,689 3.38%
    30 Year 91 $15,235,000 $167,418 $3,158 4.12%
    Other 77 $11,355,000 $147,468 $2,022 3.71%
    10 Year 72 $4,210,000 $58,472 $873 3.68%
    20 Year 37 $5,805,000 $156,892 $2,161 3.32%
    5 Year 34 $2,030,000 $59,706 $611 2.26%
    30+ year 1 $245,000 $245,000 $4,004 3.50%

    For 2022, First Peoples Community Federal Credit Union's most frequently cited loan duration was 15 Year, with 104 originations. The 2nd most popular length was 30 Year, with 91 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 328 $38,310,000 $116,799
    $1k-2k 88 $14,330,000 $162,841

    First Peoples Community Federal Credit Union's average total fees were $3,158, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 328 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 138 $20,380,000 $147,681
    <2.5% 95 $9,755,000 $102,684
    2.5-3% 74 $10,180,000 $137,568
    4-5% 73 $9,275,000 $127,055
    5-6% 21 $1,765,000 $84,048
    6-7% 13 $1,055,000 $81,154
    7-8% 2 $230,000 $115,000

    During 2022, First Peoples Community Federal Credit Union's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 3-4%, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 191 $10,575,000 $55,366 $1,073 3.58%
    $100k-200k 157 $21,645,000 $137,866 $2,284 3.54%
    $200k-400k 59 $15,645,000 $265,169 $3,085 3.59%
    $400k-600k 7 $3,275,000 $467,857 $4,003 3.32%
    $600k-1MM 2 $1,500,000 $750,000 $6,372 3.06%

    2022 saw First Peoples Community Federal Credit Union place emphasis on $100,000 or less loans with 191 originations, totaling $10,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 110 $11,490,000 $104,455 $1,860 3.56%
    $100k-150k 86 $11,490,000 $133,605 $1,860 3.46%
    $75k-100k 81 $10,055,000 $124,136 $1,847 3.52%
    $50k or less 78 $6,980,000 $89,487 $1,812 3.76%
    $150k-250k 39 $6,205,000 $159,103 $1,880 3.50%
    $250k+ 22 $6,420,000 $291,818 $2,610 3.55%

    First Peoples Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 110 originations. The second most popular income band? $100k-150k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 138 $16,860,000 $122,174 $1,952 3.46%
    <20% 84 $10,210,000 $121,548 $1,787 3.38%
    30-36% 70 $8,770,000 $125,286 $1,915 3.77%
    36% 16 $2,460,000 $153,750 $2,159 3.42%
    37% 16 $2,660,000 $166,250 $1,998 3.52%
    38% 16 $2,210,000 $138,125 $1,998 3.52%
    39% 14 $1,110,000 $79,286 $1,212 3.85%
    42% 11 $1,305,000 $118,636 $2,297 3.32%
    50-60% 9 $1,345,000 $149,444 $1,836 3.34%
    40% 9 $1,175,000 $130,556 $2,119 4.29%
    44% 6 $660,000 $110,000 $1,349 3.56%
    >60% 6 $1,100,000 $183,333 $1,719 2.86%
    48% 5 $875,000 $175,000 $2,114 4.55%
    41% 4 $280,000 $70,000 $786 4.56%
    43% 4 $380,000 $95,000 $1,732 4.91%
    47% 3 $415,000 $138,333 $1,733 4.50%
    46% 2 $390,000 $195,000 $3,235 3.75%
    45% 2 $370,000 $185,000 $2,478 3.00%
    49% 1 $65,000 $65,000 $780 4.25%

    First Peoples Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 138 originations. The next most common DTI ratio? <20%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 368 $44,790,000 $121,712 $1,816 3.58%
    Not provided 44 $7,540,000 $171,364 $2,534 3.32%
    Black 4 $310,000 $77,500 $1,650 4.47%

    Approval Rates

    Total approvals of all applications
    96.15%

    First Peoples Community Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.07%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 416 $52,640,000 $126,538

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    416 $52,640,000 $126,538

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $3,375,000 $66,176 $936 3.55%
    40-60% 65 $7,285,000 $112,077 $1,586 3.13%
    60-80% 126 $19,840,000 $157,460 $2,117 3.39%
    80-100% 111 $18,725,000 $168,694 $2,859 3.95%
    Over 100% 2 $320,000 $160,000 $4,198 3.63%
    Under 20% 44 $1,940,000 $44,091 $672 3.68%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%