Family First Funding Mortgage Rates, Fees & Info

TOMS RIVER, NJ

LEI: 2549009V3JISNNLCD785

Tax ID: 80-0743699

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

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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

    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.

    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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    Originations

    1,623

    Origination Dollar Volume (All Markets)

    $461,655,000

    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
    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%
    Family First Funding's top markets include New York, Philadelphia, Poughkeepsie, Miami, and Allentown among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • 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.

    N C P D Federal Credit Union
    Similarity Rank: 55
    McCoy Federal Credit Union
    Similarity Rank: 60
    Iron Workers Savings Bank
    Similarity Rank: 63
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Haddon Savings Bank
    Similarity Rank: 116
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 907 $271,335,000 $299,157 $6,972 5.09%
    FHA 650 $171,140,000 $263,292 $11,066 5.06%
    VA 56 $17,540,000 $313,214 $8,546 4.92%
    USDA 10 $1,640,000 $164,000 $6,412 5.00%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,419 $392,765,000 $276,790 $8,907 5.05%
    Cash Out Refi 122 $41,170,000 $337,459 $7,072 5.39%
    Refi 82 $27,720,000 $338,049 $7,756 4.94%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,578 $452,070,000 $286,483 $8,800 5.09%
    15 Year 33 $7,165,000 $217,121 $5,735 4.32%
    20 Year 7 $1,685,000 $240,714 $8,067 4.73%
    10 Year 4 $380,000 $95,000 $3,369 4.69%
    Other 1 $355,000 $355,000 $10,545 3.88%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,013 $274,135,000 $270,617
    $2k-3k 194 $47,110,000 $242,835
    $5k+ 140 $70,500,000 $503,571
    $3k-4k 100 $24,780,000 $247,800
    $<1k 86 $19,320,000 $224,651
    $4k-5k 65 $19,125,000 $294,231

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 918 $261,790,000 $285,174
    5-6% 592 $154,890,000 $261,639
    3-4% 43 $15,915,000 $370,116
    6-7% 43 $21,575,000 $501,744
    7-8% 15 $4,065,000 $271,000
    Over 8% 11 $3,415,000 $310,455
    <2.5% 1 $5,000 $5,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 903 $258,775,000 $286,573 $9,159 5.01%
    $100k-200k 434 $67,550,000 $155,645 $6,701 5.15%
    $400k-600k 183 $85,165,000 $465,383 $11,573 4.96%
    $100,000 or less 60 $4,650,000 $77,500 $5,081 5.35%
    $600k-1MM 29 $19,965,000 $688,448 $14,490 5.36%
    $1MM+ 14 $25,550,000 $1,825,000 $14,539 5.70%

    2018 saw Family First Funding place emphasis on $200k-400k loans with 903 originations, totaling $258,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 428 $92,790,000 $216,799 $8,355 5.03%
    $75k-100k 357 $98,355,000 $275,504 $9,139 5.03%
    $100k-150k 351 $111,245,000 $316,937 $9,273 5.01%
    $50k or less 247 $45,125,000 $182,692 $7,348 5.24%
    $150k-250k 156 $59,670,000 $382,500 $9,762 5.03%
    $250k+ 84 $54,470,000 $648,452 $8,465 5.27%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 272 $79,600,000 $292,647 $11,052 5.05%
    30-36% 202 $55,970,000 $277,079 $7,732 4.98%
    20-30% 137 $38,515,000 $281,131 $7,224 5.01%
    49% 107 $29,675,000 $277,336 $8,252 5.10%
    >60% 106 $31,110,000 $293,491 $10,603 5.34%
    44% 78 $22,530,000 $288,846 $8,754 4.98%
    43% 77 $21,845,000 $283,701 $8,756 5.07%
    42% 63 $16,635,000 $264,048 $8,199 5.05%
    48% 62 $17,500,000 $282,258 $8,439 5.02%
    41% 61 $18,325,000 $300,410 $8,018 5.03%
    47% 60 $16,820,000 $280,333 $8,499 5.09%
    46% 59 $14,835,000 $251,441 $8,026 5.11%
    38% 55 $15,055,000 $273,727 $8,111 5.12%
    40% 53 $14,225,000 $268,396 $8,144 5.07%
    39% 52 $14,840,000 $285,385 $8,727 4.97%
    45% 52 $20,960,000 $403,077 $8,249 5.07%
    37% 41 $10,265,000 $250,366 $8,150 5.07%
    36% 38 $9,780,000 $257,368 $8,228 5.01%
    <20% 37 $10,235,000 $276,622 $6,136 5.05%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,054 $285,430,000 $270,806 $8,609 5.06%
    Not provided 397 $128,845,000 $324,547 $8,576 5.12%
    Black 146 $38,440,000 $263,288 $9,864 5.07%
    Asian 25 $8,765,000 $350,600 $9,303 4.72%
    American Indian 1 $175,000 $175,000 $6,201 4.75%

    Approval Rates

    Total approvals of all applications
    94.58%

    Family First Funding has an average approval rate.

    Pick Rate

    Approvals leading to origination
    41.90%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $4,130,000 $187,727 $5,920 5.26%
    40-60% 72 $21,200,000 $294,444 $6,540 5.01%
    60-80% 325 $102,745,000 $316,138 $6,906 5.25%
    80-100% 1,177 $326,425,000 $277,336 $9,313 5.02%
    Over 100% 23 $6,885,000 $299,348 $10,794 5.21%
    Under 20% 4 $270,000 $67,500 $3,912 4.91%

    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%