Family First Funding Mortgage Rates, Fees & Info
TOMS RIVER, NJLEI: 2549009V3JISNNLCD785
Tax ID: 80-0743699
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Overview
Family First Funding is a small mortgage company specializing in Home Purchase and Refi loans. Family First Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include New York, Miami, Philadelphia, Allentown, and Poughkeepsie among others. Family First Funding has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Family First Funding is typically a high fee lendor.Originations
5,736Origination Dollar Volume (All Markets)
$1,956,040,000Awards
FAMILY FIRST FUNDING - 2021
FAMILY FIRST FUNDING is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Family First Funding 's average 30 year fixed rate mortgage of loans were
3.11%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.04%.
Relative Fees
Family First Funding 's average total fees for a 30 year fixed rate
mortgage are $7,642.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4,090 | $1,510,200,000 | $369,242 | $7,639 | 3.01% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 154 | $55,630,000 | $361,234 | $6,677 | 3.10% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 208 | $52,240,000 | $251,154 | $7,050 | 3.07% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 156 | $41,280,000 | $264,615 | $6,784 | 3.08% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 81 | $23,735,000 | $293,025 | $7,612 | 2.98% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 83 | $22,435,000 | $270,301 | $6,909 | 3.34% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 71 | $18,635,000 | $262,465 | $6,618 | 3.05% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 53 | $13,825,000 | $260,849 | $6,267 | 3.21% |
| LEBANON, PA (FHA|USDA|VA) | 74 | $12,590,000 | $170,135 | $5,698 | 3.19% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 61 | $11,095,000 | $181,885 | $5,611 | 3.39% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 40 | $10,680,000 | $267,000 | $6,196 | 3.36% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 45 | $10,605,000 | $235,667 | $5,345 | 3.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 28 | $9,540,000 | $340,714 | $6,720 | 3.11% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 20 | $9,100,000 | $455,000 | $8,801 | 3.16% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 38 | $8,870,000 | $233,421 | $5,593 | 3.18% |
| Outside of Metro Areas | 40 | $8,640,000 | $216,000 | $6,408 | 3.12% |
| Key West, FL (FHA|USDA|VA) | 6 | $7,930,000 | $1,321,667 | $10,133 | 3.29% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 21 | $7,375,000 | $351,190 | $7,375 | 3.20% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 19 | $5,775,000 | $303,947 | $5,838 | 2.91% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 15 | $4,875,000 | $325,000 | $5,048 | 3.06% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 23 | $4,605,000 | $200,217 | $5,603 | 3.34% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 18 | $4,530,000 | $251,667 | $5,477 | 3.05% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 17 | $4,215,000 | $247,941 | $6,097 | 3.01% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 19 | $3,935,000 | $207,105 | $6,146 | 3.19% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 18 | $3,770,000 | $209,444 | $5,383 | 3.10% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 20 | $3,750,000 | $187,500 | $4,411 | 3.23% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $3,520,000 | $586,667 | $8,536 | 2.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 17 | $3,265,000 | $192,059 | $5,477 | 3.29% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $3,005,000 | $429,286 | $7,787 | 3.34% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 10 | $2,920,000 | $292,000 | $7,096 | 3.49% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $2,860,000 | $357,500 | $7,386 | 2.90% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 10 | $2,770,000 | $277,000 | $5,971 | 3.09% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 11 | $2,555,000 | $232,273 | $7,343 | 3.20% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $2,440,000 | $1,220,000 | $5,592 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 9 | $2,435,000 | $270,556 | $6,020 | 3.07% |
| COLUMBIA, SC (FHA|USDA|VA) | 12 | $2,420,000 | $201,667 | $5,384 | 3.41% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 11 | $2,325,000 | $211,364 | $5,031 | 3.05% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $2,325,000 | $465,000 | $6,473 | 3.37% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 6 | $1,800,000 | $300,000 | $7,377 | 3.23% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $7,954 | 3.09% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 8 | $1,660,000 | $207,500 | $6,648 | 3.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $5,029 | 2.81% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $7,911 | 3.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 7 | $1,455,000 | $207,857 | $4,887 | 2.98% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $7,824 | 3.20% |
| SAVANNAH, GA (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $4,239 | 3.07% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $4,642 | 3.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $4,057 | 3.44% |
| LANCASTER, PA (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $5,689 | 3.06% |
| SPARTANBURG, SC (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $10,013 | 3.48% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $5,490 | 2.65% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $10,099 | 3.50% |
| READING, PA (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $6,771 | 3.23% |
| GAINESVILLE, FL (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $4,432 | 3.09% |
| Pottsville, PA (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $7,125 | 3.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $5,512 | 3.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $6,666 | 3.34% |
| KINGSTON, NY (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $7,086 | 2.84% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,548 | 3.42% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $5,166 | 3.38% |
| OCALA, FL (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $5,636 | 3.28% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $5,479 | 3.33% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $4,288 | 3.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $6,221 | 2.75% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $8,455 | 3.50% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $5,388 | 3.38% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $8,684 | 3.56% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $5,474 | 3.25% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $12,935 | 3.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,914 | 2.83% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,067 | 3.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $5,935 | 2.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,537 | 3.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $545,000 | $109,000 | $3,403 | 3.67% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $8,770 | 4.13% |
| Hudson, NY (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,235 | 3.31% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,881 | 2.25% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,663 | 3.58% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,472 | 2.99% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,486 | 3.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,107 | 3.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,119 | 3.25% |
| Astoria, OR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,931 | 3.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,072 | 3.44% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,236 | 2.88% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,841 | 4.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,836 | 2.38% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,780 | 2.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,732 | 3.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,137 | 3.06% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,623 | 2.88% |
| DOVER, DE (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,389 | 4.38% |
| Washington, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $18,392 | 3.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,256 | 3.13% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,494 | 3.44% |
| Torrington, CT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,083 | 3.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,679 | 3.06% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,877 | 2.13% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,077 | 3.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,361 | 2.75% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,511 | 2.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,493 | 3.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,257 | 2.75% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,965 | 3.50% |
| Oneonta, NY (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $6,561 | 3.44% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,535 | 2.75% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,560 | 3.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,668 | 3.50% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,403 | 2.99% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,756 | 3.38% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,918 | 2.88% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,087 | 2.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,213 | 3.13% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,988 | 3.50% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,411 | 2.13% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,377 | 4.38% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,104 | 3.75% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,719 | 3.25% |
| Auburn, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,080 | 3.25% |
| MONROE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,932 | 2.88% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,322 | 3.25% |
| DuBois, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,568 | 3.38% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,874 | 3.88% |
| Plattsburgh, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,318 | 3.50% |
| Keene, NH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,416 | 2.88% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,468 | 3.38% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.13% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,778 | 4.50% |
Family First Funding 's top markets include New York, Miami, Philadelphia, Allentown, and Poughkeepsie among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 4,416 | $1,509,780,000 | $341,889 | $5,841 | 3.04% |
| FHA | 1,154 | $386,150,000 | $334,619 | $12,487 | 3.13% |
| VA | 141 | $55,115,000 | $390,887 | $10,018 | 2.80% |
| USDA | 25 | $4,995,000 | $199,800 | $6,748 | 3.11% |
For the 2021 period, Family First Funding 's most frequently originated loan type of loans were Conventional, with 4,416 originations. Their 2nd most popular type is FHA, with 1,154 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 3,131 | $1,099,605,000 | $351,199 | $8,701 | 3.12% |
| Refi | 1,497 | $494,735,000 | $330,484 | $5,237 | 2.84% |
| Cash Out Refi | 1,050 | $344,030,000 | $327,648 | $6,133 | 3.18% |
| Home Improvement | 58 | $17,670,000 | $304,655 | $5,932 | 3.04% |
For the 2021, Family First Funding 's most frequently cited loan purpose of loans were Home Purchase, with 3,131 originations. The 2nd most popular reason of loans were Refi, with 1,497 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 5,088 | $1,771,240,000 | $348,121 | $7,642 | 3.11% |
| 15 Year | 384 | $105,520,000 | $274,792 | $4,453 | 2.49% |
| 20 Year | 167 | $52,095,000 | $311,946 | $5,022 | 2.82% |
| Other | 70 | $22,590,000 | $322,714 | $5,027 | 2.94% |
| 10 Year | 27 | $4,595,000 | $170,185 | $3,775 | 2.43% |
For the 2021, Family First Funding 's most frequently cited loan length of loans were 30 Year, with 5,088 originations. The 2nd most popular length of loans were 15 Year, with 384 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2,979 | $1,026,765,000 | $344,668 |
| $1k-2k | 1,496 | $457,340,000 | $305,709 |
| $5k+ | 465 | $221,265,000 | $475,839 |
| $3k-4k | 412 | $133,680,000 | $324,466 |
| $2k-3k | 329 | $104,555,000 | $317,796 |
$7,642 of loans were Family First Funding 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,979 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,575 | $870,325,000 | $337,990 |
| 2.5-3% | 2,378 | $823,050,000 | $346,110 |
| <2.5% | 677 | $233,865,000 | $345,443 |
| 4-5% | 103 | $27,745,000 | $269,369 |
| 5-6% | 2 | $790,000 | $395,000 |
| 6-7% | 1 | $265,000 | $265,000 |
During 2021, Family First Funding 's average interest rate of loans were 3.11%, while their most frequently originated rate bucket of loans were 3-4%, with 2,575 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 2,903 | $853,475,000 | $293,998 | $6,838 | 3.04% |
| $400k-600k | 1,371 | $653,315,000 | $476,524 | $8,868 | 3.00% |
| $100k-200k | 1,006 | $157,800,000 | $156,859 | $4,985 | 3.12% |
| $600k-1MM | 323 | $229,525,000 | $710,604 | $12,189 | 3.11% |
| $100,000 or less | 98 | $8,020,000 | $81,837 | $4,331 | 3.26% |
| $1MM+ | 35 | $53,905,000 | $1,540,143 | $12,910 | 3.18% |
2021 saw Family First Funding place emphasis on $200k-400k loans with 2,903 originations, totaling $853,475,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,555 | $566,825,000 | $364,518 | $7,669 | 3.06% |
| $75k-100k | 1,132 | $353,550,000 | $312,323 | $7,754 | 3.08% |
| $50k-75k | 1,130 | $272,100,000 | $240,796 | $6,975 | 3.10% |
| $150k-250k | 1,023 | $435,065,000 | $425,283 | $7,285 | 2.99% |
| $250k+ | 462 | $244,480,000 | $529,177 | $7,017 | 3.02% |
| $50k or less | 428 | $81,950,000 | $191,472 | $6,031 | 3.07% |
Family First Funding lent most frequently to those with incomes in the $100k-150k range, with 1,555 originations. The second most popular income band? $75k-100k, with 1,132 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 945 | $323,855,000 | $342,704 | $5,918 | 2.96% |
| 30-36% | 937 | $314,345,000 | $335,480 | $6,456 | 3.05% |
| 50-60% | 466 | $167,760,000 | $360,000 | $12,779 | 3.10% |
| 49% | 315 | $114,685,000 | $364,079 | $7,720 | 3.09% |
| 44% | 287 | $95,025,000 | $331,098 | $7,258 | 3.11% |
| <20% | 260 | $89,830,000 | $345,500 | $5,433 | 2.87% |
| 43% | 258 | $88,780,000 | $344,109 | $7,181 | 3.11% |
| 42% | 253 | $85,855,000 | $339,348 | $7,267 | 3.11% |
| 48% | 233 | $84,705,000 | $363,541 | $8,040 | 3.12% |
| 40% | 222 | $73,080,000 | $329,189 | $7,226 | 3.05% |
| 45% | 220 | $72,850,000 | $331,136 | $7,620 | 3.12% |
| 41% | 208 | $70,610,000 | $339,471 | $7,257 | 3.16% |
| 46% | 199 | $65,445,000 | $328,869 | $7,222 | 3.12% |
| 39% | 195 | $61,055,000 | $313,103 | $6,714 | 3.09% |
| 47% | 184 | $64,950,000 | $352,989 | $8,168 | 3.10% |
| 37% | 176 | $58,660,000 | $333,295 | $6,110 | 3.09% |
| 38% | 159 | $50,745,000 | $319,151 | $7,082 | 3.09% |
| 36% | 148 | $49,160,000 | $332,162 | $6,768 | 3.05% |
| >60% | 8 | $4,330,000 | $541,250 | $10,247 | 2.95% |
Family First Funding lent most frequently to those with DTI ratios of 20-30%, with 945 originations. The next most common DTI ratio? 30-36%, with 937 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 3,279 | $1,129,545,000 | $344,478 | $7,274 | 3.03% |
| White | 2,128 | $713,150,000 | $335,127 | $7,055 | 3.08% |
| Black | 236 | $78,300,000 | $331,780 | $9,792 | 3.23% |
| Asian | 68 | $24,370,000 | $358,382 | $7,666 | 2.99% |
| Asian Indian | 10 | $5,200,000 | $520,000 | $6,891 | 2.89% |
| American Indian | 11 | $4,355,000 | $395,909 | $7,121 | 2.95% |
| Native Hawaiian | 2 | $760,000 | $380,000 | $11,735 | 3.69% |
| Other Pacific Islander | 1 | $245,000 | $245,000 | $9,161 | 2.88% |
| Other Asian | 1 | $115,000 | $115,000 | $3,352 | 3.25% |
Approval Rates
Total approvals of all applications87.41%
Family First Funding has an average approval rate.
Pick Rate
Approvals leading to origination68.48%
Family First Funding has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,736 | $1,956,040,000 | $341,011 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,736 | $1,956,040,000 | $341,011 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 164 | $37,080,000 | $226,098 | $4,868 | 2.79% |
| 40-60% | 680 | $202,930,000 | $298,426 | $5,010 | 2.86% |
| 60-80% | 2,152 | $751,400,000 | $349,164 | $5,927 | 3.08% |
| 80-100% | 2,695 | $948,995,000 | $352,132 | $9,005 | 3.10% |
| Over 100% | 34 | $14,070,000 | $413,824 | $16,196 | 2.85% |
| Under 20% | 11 | $1,565,000 | $142,273 | $4,526 | 2.75% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Family First Funding LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Family First Funding LLC | FHA mortgage | Trouble during payment process | 1 | 50.0% |
