Family First Funding Mortgage Rates, Fees & Info
TOMS RIVER, NJLEI: 2549009V3JISNNLCD785
Tax ID: 80-0743699
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Mortgage Data
Review & Overview
Family First Funding is a smaller mortgage company specializing in Home Purchase loans. Family First Funding has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Philadelphia, Poughkeepsie, Miami, and Allentown among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)Family First Funding 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. Family First Funding is typically a high 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.
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Originations
1,623Origination Dollar Volume (All Markets)
$461,655,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,297 | $385,545,000 | $297,259 | $9,217 | 5.04% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 125 | $24,775,000 | $198,200 | $6,841 | 5.12% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 39 | $9,035,000 | $231,667 | $7,312 | 5.17% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 7 | $6,415,000 | $916,429 | $5,848 | 5.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 24 | $5,300,000 | $220,833 | $7,036 | 4.96% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 6.04% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 11 | $2,295,000 | $208,636 | $8,708 | 5.13% |
| Outside of Metro Areas | 11 | $2,215,000 | $201,364 | $6,538 | 5.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 12 | $2,000,000 | $166,667 | $7,443 | 5.45% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 12 | $1,880,000 | $156,667 | $5,253 | 4.93% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 14 | $1,840,000 | $131,429 | $4,221 | 5.61% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,840,000 | $460,000 | $4,950 | 5.30% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 8 | $1,670,000 | $208,750 | $5,845 | 4.93% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $6,182 | 4.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $6,240 | 5.23% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $6,402 | 6.82% |
| KINGSTON, NY (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $8,423 | 5.47% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 6.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $11,510 | 5.06% |
| Hudson, NY (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $7,170 | 4.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $7,218 | 5.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,834 | 4.88% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $8,154 | 5.29% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,039 | 5.38% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $6,671 | 5.21% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,765 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $6,085 | 5.38% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,381 | 5.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,209 | 5.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,876 | 5.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,976 | 4.63% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,149 | 5.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,799 | 5.44% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,295 | 4.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,121 | 4.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,089 | 4.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,971 | 4.50% |
| Emporia, KS (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,689 | 5.44% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,381 | 4.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,114 | 5.13% |
| READING, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,382 | 4.50% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,549 | 5.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,263 | 6.25% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,345 | 5.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against FAMILY FIRST FUNDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Family First Funding's most frequently originated type of loan was Conventional, with 907 originations. Their 2nd most popular type was FHA, with 650 originations.
Loan Reason
For 2018, Family First Funding's most frequently cited loan purpose was Home Purchase, with 1,419 originations. The 2nd most popular reason was Cash Out Refi, with 122 originations.
Loan Duration/Length
For 2018, Family First Funding's most frequently cited loan duration was 30 Year, with 1,578 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
Family First Funding's average total fees were $8,800, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,013 originations.
Interest Rates
During 2018, Family First Funding's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 4-5%, with 918 originations.
Loan Sizing
2018 saw Family First Funding place emphasis on $200k-400k loans with 903 originations, totaling $258,775,000 in origination value.
Applicant Income
Family First Funding lent most frequently to those with incomes in the $50k-75k range, with 428 originations. The second most popular income band? $75k-100k, with 357 originations.
Applicant Debt to Income Ratio
Family First Funding lent most frequently to those with DTI ratios of 50-60%, with 272 originations. The next most common DTI ratio? 30-36%, with 202 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.58%
Family First Funding has an average approval rate.
Pick Rate
Approvals leading to origination41.90%
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 | 1,623 | $461,655,000 | $284,445 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,623 | $461,655,000 | $284,445 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Family First Funding LLC | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |