Family First Funding Mortgage Rates, Fees & Info

TOMS RIVER, NJ

LEI: 2549009V3JISNNLCD785

Tax ID: 80-0743699

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Mortgage Data

Review & 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 by origination volume include: New York, Miami, Philadelphia, Poughkeepsie, and Allentown among others. We have data for 92 markets. (Some data included below & more in-depth data is available with an active subscription.)

Family First Funding has an 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 an average 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.

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Originations

4,877

Origination Dollar Volume (All Markets)

$1,567,435,000
Show all (8) 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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3,790 $1,290,540,000 $340,512 $7,301 3.10%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 160 $48,910,000 $305,688 $7,258 3.08%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 146 $34,810,000 $238,425 $6,864 3.22%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 77 $20,915,000 $271,623 $6,954 3.29%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 77 $20,755,000 $269,545 $7,573 3.09%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 72 $20,250,000 $281,250 $7,258 3.20%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 43 $10,075,000 $234,302 $6,818 3.08%
LEBANON, PA (FHA|USDA|VA) 58 $9,180,000 $158,276 $6,056 3.32%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 22 $8,230,000 $374,091 $5,365 3.11%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 42 $6,500,000 $154,762 $5,244 3.49%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 28 $5,740,000 $205,000 $5,816 3.12%
OCEAN CITY, NJ (FHA|USDA|VA) 18 $5,470,000 $303,889 $6,177 3.08%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 19 $5,185,000 $272,895 $5,931 2.85%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 15 $4,575,000 $305,000 $6,725 3.03%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 20 $4,460,000 $223,000 $6,118 3.28%
Outside of Metro Areas 21 $4,205,000 $200,238 $6,654 3.12%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 18 $4,070,000 $226,111 $6,738 3.16%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $3,870,000 $322,500 $6,231 3.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 13 $3,635,000 $279,615 $7,198 3.28%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 11 $3,505,000 $318,636 $4,697 2.93%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 15 $3,235,000 $215,667 $5,821 3.76%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 9 $2,685,000 $298,333 $5,375 2.86%
KINGSTON, NY (FHA|USDA|VA) 10 $2,420,000 $242,000 $7,726 3.55%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 13 $2,135,000 $164,231 $5,933 3.22%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $2,130,000 $355,000 $4,073 3.33%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $1,975,000 $219,444 $6,717 3.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,695,000 $565,000 $4,872 3.29%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 5 $1,665,000 $333,000 $5,481 3.23%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 6 $1,640,000 $273,333 $7,293 3.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,635,000 $545,000 $5,311 3.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $1,590,000 $198,750 $6,647 3.28%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,525,000 $305,000 $6,973 3.35%
YORK-HANOVER, PA (FHA|USDA|VA) 8 $1,470,000 $183,750 $6,872 3.53%
EAST STROUDSBURG, PA (FHA|USDA|VA) 7 $1,355,000 $193,571 $4,892 3.00%
PITTSBURGH, PA (FHA|USDA|VA) 5 $1,335,000 $267,000 $4,907 2.78%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,165,000 $233,000 $3,466 2.92%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $1,105,000 $368,333 $5,619 2.96%
SAVANNAH, GA (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,791 2.79%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,065,000 $213,000 $5,015 3.13%
COLUMBIA, SC (FHA|USDA|VA) 6 $1,040,000 $173,333 $5,267 3.04%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $995,000 $331,667 $7,228 3.38%
LANCASTER, PA (FHA|USDA|VA) 4 $920,000 $230,000 $8,051 3.28%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $880,000 $220,000 $4,702 2.88%
DOVER, DE (FHA|USDA|VA) 3 $825,000 $275,000 $7,734 3.17%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $820,000 $410,000 $5,070 3.19%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $665,000 $221,667 $3,850 3.21%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $660,000 $330,000 $5,626 3.81%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $660,000 $330,000 $5,529 3.25%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $635,000 $211,667 $8,133 3.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $605,000 $201,667 $4,574 3.46%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $560,000 $280,000 $6,125 2.56%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $515,000 $171,667 $4,728 3.79%
NAPA, CA (FHA|USDA|VA) 1 $495,000 $495,000 $5,304 3.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $495,000 $495,000 $4,338 3.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $475,000 $475,000 $0 3.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $435,000 $435,000 $3,760 3.50%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $430,000 $215,000 $6,043 3.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $430,000 $215,000 $6,101 3.19%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $370,000 $185,000 $6,102 3.25%
RICHMOND, VA (FHA|USDA|VA) 1 $365,000 $365,000 $4,426 2.63%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $335,000 $335,000 $3,912 3.38%
HARRISONBURG, VA (FHA|USDA|VA) 1 $335,000 $335,000 $9,769 3.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $335,000 $335,000 $10,462 2.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $325,000 $325,000 $3,915 3.25%
Key West, FL (FHA|USDA|VA) 1 $325,000 $325,000 $7,967 2.75%
VALLEJO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $5,073 3.63%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $3,312 2.75%
ELMIRA, NY (FHA|USDA|VA) 3 $265,000 $88,333 $7,144 3.58%
Georgetown, SC (FHA|USDA|VA) 1 $255,000 $255,000 $4,099 3.13%
FLORENCE, SC (FHA|USDA|VA) 1 $255,000 $255,000 $8,180 3.13%
Pottsville, PA (FHA|USDA|VA) 2 $250,000 $125,000 $7,511 3.56%
THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,102 2.75%
SYRACUSE, NY (FHA|USDA|VA) 1 $225,000 $225,000 $5,447 2.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $7,289 2.75%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $185,000 $185,000 $6,109 3.63%
GREENVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $1,980 2.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,007 3.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $165,000 $165,000 $6,757 2.88%
Albemarle, NC (FHA|USDA|VA) 1 $155,000 $155,000 $7,919 3.13%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,327 2.88%
Emporia, KS (FHA|USDA|VA) 2 $140,000 $70,000 $3,262 3.56%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,659 3.63%
Somerset, PA (FHA|USDA|VA) 1 $135,000 $135,000 $6,534 2.75%
OCALA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,108 2.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $125,000 $125,000 $6,125 3.13%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $115,000 $115,000 $6,638 3.13%
Shelby, NC (FHA|USDA|VA) 1 $115,000 $115,000 $5,860 4.13%
ROCHESTER, NY (FHA|USDA|VA) 1 $95,000 $95,000 $5,860 4.00%
Lewistown, PA (FHA|USDA|VA) 1 $95,000 $95,000 $3,593 3.88%
Greenwood, SC (FHA|USDA|VA) 1 $85,000 $85,000 $798 3.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $65,000 $65,000 $5,900 2.75%
Family First Funding's top markets include New York, Miami, Philadelphia, Poughkeepsie, and Allentown among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,478 $1,143,780,000 $328,861 $5,625 3.10%
    FHA 1,226 $367,380,000 $299,657 $11,399 3.20%
    VA 151 $52,145,000 $345,331 $6,928 2.98%
    USDA 22 $4,130,000 $187,727 $6,585 3.16%

    For 2020, Family First Funding's most frequently originated type of loan was Conventional, with 3,478 originations. Their 2nd most popular type was FHA, with 1,226 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,511 $783,745,000 $312,125 $8,551 3.17%
    Refi 1,742 $576,080,000 $330,700 $5,477 3.00%
    Cash Out Refi 599 $199,635,000 $333,280 $6,072 3.28%
    Home Improvement 25 $7,975,000 $319,000 $6,354 3.26%

    For 2020, Family First Funding's most frequently cited loan purpose was Home Purchase, with 2,511 originations. The 2nd most popular reason was Refi, with 1,742 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,276 $1,394,330,000 $326,083 $7,470 3.17%
    15 Year 329 $88,755,000 $269,772 $4,473 2.65%
    20 Year 179 $56,305,000 $314,553 $4,889 2.93%
    Other 75 $24,425,000 $325,667 $5,931 3.08%
    10 Year 18 $3,620,000 $201,111 $3,904 2.53%

    For 2020, Family First Funding's most frequently cited loan duration was 30 Year, with 4,276 originations. The 2nd most popular length was 15 Year, with 329 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,558 $832,490,000 $325,446
    $1k-2k 1,252 $374,260,000 $298,930
    $2k-3k 319 $90,885,000 $284,906
    $5k+ 308 $134,130,000 $435,487
    $3k-4k 246 $74,020,000 $300,894
    $4k-5k 150 $50,040,000 $333,600

    Family First Funding's average total fees were $7,470, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,558 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,148 $680,870,000 $316,979
    2.5-3% 1,920 $630,150,000 $328,203
    <2.5% 574 $188,650,000 $328,659
    4-5% 223 $64,305,000 $288,363
    5-6% 12 $3,460,000 $288,333

    During 2020, Family First Funding's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 3-4%, with 2,148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,717 $800,275,000 $294,544 $7,048 3.11%
    $400k-600k 1,042 $493,800,000 $473,896 $8,155 3.07%
    $100k-200k 827 $132,135,000 $159,776 $5,412 3.20%
    $600k-1MM 190 $131,360,000 $691,368 $11,308 3.19%
    $100,000 or less 100 $8,110,000 $81,100 $4,614 3.40%
    $1MM+ 1 $1,755,000 $1,755,000 $47,912 3.38%

    2020 saw Family First Funding place emphasis on $200k-400k loans with 2,717 originations, totaling $800,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,299 $454,115,000 $349,588 $7,387 3.11%
    $75k-100k 943 $274,395,000 $290,981 $7,740 3.14%
    $150k-250k 901 $360,915,000 $400,572 $6,591 3.08%
    $50k-75k 861 $204,595,000 $237,625 $7,475 3.15%
    $50k or less 476 $99,550,000 $209,139 $6,541 3.17%
    $250k+ 393 $172,845,000 $439,809 $6,040 3.07%

    Family First Funding lent most frequently to those with incomes in the $100k-150k range, with 1,299 originations. The second most popular income band? $75k-100k, with 943 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 865 $280,565,000 $324,353 $5,566 3.03%
    30-36% 768 $241,750,000 $314,779 $6,558 3.12%
    50-60% 431 $139,145,000 $322,842 $11,730 3.16%
    <20% 244 $78,570,000 $322,008 $5,082 2.90%
    49% 213 $71,105,000 $333,826 $7,239 3.19%
    43% 207 $68,545,000 $331,135 $7,577 3.21%
    44% 203 $64,345,000 $316,970 $7,595 3.18%
    41% 185 $60,595,000 $327,541 $7,012 3.17%
    42% 183 $58,805,000 $321,339 $6,971 3.22%
    45% 165 $50,725,000 $307,424 $7,471 3.27%
    39% 162 $52,650,000 $325,000 $7,177 3.13%
    40% 162 $53,020,000 $327,284 $6,848 3.09%
    48% 160 $53,070,000 $331,688 $7,377 3.15%
    38% 159 $52,265,000 $328,711 $6,728 3.14%
    46% 158 $53,760,000 $340,253 $7,983 3.19%
    47% 153 $47,735,000 $311,993 $8,081 3.17%
    36% 142 $42,730,000 $300,915 $7,109 3.24%
    37% 140 $45,290,000 $323,500 $6,364 3.16%
    >60% 6 $2,420,000 $403,333 $3,598 3.04%

    Family First Funding lent most frequently to those with DTI ratios of 20-30%, with 865 originations. The next most common DTI ratio? 30-36%, with 768 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,224 $1,025,220,000 $317,996 $6,956 3.16%
    Not provided 1,242 $405,910,000 $326,820 $6,877 3.01%
    Black 271 $85,895,000 $316,956 $10,013 3.24%
    Asian 111 $40,955,000 $368,964 $7,734 3.06%
    Not applicable 9 $2,765,000 $307,222 $8,218 3.04%
    American Indian 9 $2,555,000 $283,889 $8,210 3.38%
    Other Asian 4 $1,570,000 $392,500 $8,705 3.13%
    Native Hawaiian or Islander 4 $1,380,000 $345,000 $10,320 3.00%
    Other Pacific Islander 1 $705,000 $705,000 $25,833 3.13%
    Asian Indian 2 $480,000 $240,000 $3,521 2.38%

    Approval Rates

    Total approvals of all applications
    84.39%

    Family First Funding has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.43%

    Family First Funding has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,877 $1,567,435,000 $321,393

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $905,000 $129,286
    Single Family (1-4 Units):Site-Built 4,870 $1,566,530,000 $321,669

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 133 $32,055,000 $241,015 $4,830 2.88%
    40-60% 495 $157,765,000 $318,717 $5,127 2.92%
    60-80% 1,685 $567,905,000 $337,036 $5,536 3.13%
    80-100% 2,505 $791,145,000 $315,826 $8,635 3.17%
    Over 100% 46 $16,330,000 $355,000 $11,404 3.26%
    Under 20% 10 $1,480,000 $148,000 $5,823 2.80%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Family First Funding LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Family First Funding LLC FHA mortgage Closing on a mortgage 1 50.0%