First Financial Credit Union Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 5493002ABBXAWQFIKV03

Tax ID: 85-0102571

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

Jump to:

  • 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 Financial Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. First Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Albuquerque, Farmington, Las Cruces, Gallup, and Silver City among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Financial Credit Union 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. First Financial Credit Union 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.

    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 6.81% 11/21/24
    30 Year Conventional Refi 6.62% 11/21/24
    30 Year Cash-out Refi 6.58% 11/21/24
    15 Year Conventional Purchase 10.71% 11/21/24
    15 Year Conventional Refi 6.34% 11/21/24
    15 Year Cash-out Refi 6.34% 11/21/24
    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 Financial 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 Financial 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

    143

    Origination Dollar Volume (All Markets)

    $26,835,000

    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
    ALBUQUERQUE, NM (FHA|USDA|VA) 108 $21,100,000 $195,370 $4,528 4.85%
    FARMINGTON, NM (FHA|USDA|VA) 6 $1,120,000 $186,667 $4,343 4.69%
    LAS CRUCES, NM (FHA|USDA|VA) 5 $925,000 $185,000 $4,487 5.62%
    Gallup, NM (FHA|USDA|VA) 9 $885,000 $98,333 $4,366 4.78%
    Silver City, NM (FHA|USDA|VA) 4 $750,000 $187,500 $5,217 4.53%
    SANTA FE, NM (FHA|USDA|VA) 1 $645,000 $645,000 $10,881 3.38%
    Portales, NM (FHA|USDA|VA) 5 $575,000 $115,000 $3,439 4.72%
    Española, NM (FHA|USDA|VA) 1 $345,000 $345,000 $6,025 4.13%
    Deming, NM (FHA|USDA|VA) 2 $210,000 $105,000 $3,160 5.19%
    Outside of Metro Areas 1 $165,000 $165,000 $4,786 4.00%
    Grants, NM (FHA|USDA|VA) 1 $115,000 $115,000 $4,362 7.00%
    First Financial Credit Union's top markets include Albuquerque, Farmington, Las Cruces, Gallup, and Silver City among others.

    Their top states include:
  • New Mexico (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Financial Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Del Norte Credit Union
    Similarity Rank: 198
    SANDIA LABORATORY
    Similarity Rank: 256
    First Financial Credit Union
    Similarity Rank: 869
    SANDIA AREA
    Similarity Rank: 1155
    Kirtland Federal Credit Union
    Similarity Rank: 1176
    NUSENDA
    Similarity Rank: 1540
    First Bank & Trust
    Similarity Rank: 5508
    Morgan Stanley Private Bank
    Similarity Rank: 7376
    Bell Bank
    Similarity Rank: 7630
    LEGACY MORTGAGE LLC
    Similarity Rank: 8289

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 143 $26,835,000 $187,657 $4,526 4.85%

    For 2022, First Financial Credit Union's most frequently originated type of loan was Conventional, with 143 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 50 $8,150,000 $163,000 $4,459 4.13%
    Cash Out Refi 50 $7,030,000 $140,600 $3,541 4.99%
    Home Purchase 41 $11,475,000 $279,878 $5,941 5.49%
    Home Improvement 2 $180,000 $90,000 $1,840 6.56%

    For 2022, First Financial Credit Union's most frequently cited loan purpose was Refi, with 50 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 86 $20,130,000 $234,070 $5,366 4.59%
    15 Year 34 $3,440,000 $101,176 $2,696 5.59%
    20 Year 19 $2,795,000 $147,105 $4,356 4.85%
    10 Year 3 $365,000 $121,667 $3,801 3.42%
    Other 1 $105,000 $105,000 $0 6.50%

    For 2022, First Financial Credit Union's most frequently cited loan duration was 30 Year, with 86 originations. The 2nd most popular length was 15 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 53 $9,175,000 $173,113
    $1k-2k 37 $3,805,000 $102,838
    $3k-4k 20 $5,080,000 $254,000
    $<1k 16 $910,000 $56,875
    $5k+ 9 $5,535,000 $615,000
    $4k-5k 8 $2,330,000 $291,250

    First Financial Credit Union's average total fees were $5,366, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 53 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 43 $7,665,000 $178,256
    4-5% 28 $5,730,000 $204,643
    6-7% 19 $5,635,000 $296,579
    5-6% 19 $4,235,000 $222,895
    2.5-3% 15 $2,115,000 $141,000
    Over 8% 10 $630,000 $63,000
    7-8% 6 $360,000 $60,000
    <2.5% 3 $465,000 $155,000

    During 2022, First Financial Credit Union's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 3-4%, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 69 $10,295,000 $149,203 $4,132 4.16%
    $200k-400k 34 $9,010,000 $265,000 $5,808 4.95%
    $100,000 or less 31 $1,865,000 $60,161 $2,275 6.20%
    $400k-600k 5 $2,255,000 $451,000 $7,979 4.45%
    $600k-1MM 3 $2,315,000 $771,667 $12,759 5.54%
    $1MM+ 1 $1,095,000 $1,095,000 $15,969 7.00%

    2022 saw First Financial Credit Union place emphasis on $100k-200k loans with 69 originations, totaling $10,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 37 $5,995,000 $162,027 $4,244 4.15%
    $100k-150k 32 $7,000,000 $218,750 $5,082 4.74%
    $75k-100k 31 $5,475,000 $176,613 $4,306 4.74%
    $50k or less 28 $3,110,000 $111,071 $3,632 5.07%
    $250k+ 9 $3,885,000 $431,667 $6,905 7.19%
    $150k-250k 6 $1,370,000 $228,333 $5,047 5.81%

    First Financial Credit Union lent most frequently to those with incomes in the $50k-75k range, with 37 originations. The second most popular income band? $100k-150k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 26 $5,290,000 $203,462 $5,059 4.52%
    20-30% 25 $4,215,000 $168,600 $4,583 4.56%
    42% 13 $3,875,000 $298,077 $5,596 5.71%
    41% 10 $1,910,000 $191,000 $4,456 4.65%
    37% 10 $1,530,000 $153,000 $3,857 4.67%
    <20% 8 $1,270,000 $158,750 $3,995 5.05%
    38% 8 $1,390,000 $173,750 $4,045 4.70%
    39% 8 $1,250,000 $156,250 $3,970 4.06%
    36% 6 $1,050,000 $175,000 $4,507 4.71%
    44% 6 $540,000 $90,000 $1,990 7.13%
    40% 6 $650,000 $108,333 $3,398 5.31%
    49% 5 $1,165,000 $233,000 $5,661 4.68%
    46% 5 $1,385,000 $277,000 $6,076 3.98%
    43% 3 $605,000 $201,667 $5,481 5.00%
    45% 2 $270,000 $135,000 $2,121 6.06%
    47% 1 $205,000 $205,000 $4,697 5.63%
    >60% 1 $235,000 $235,000 $5,785 5.50%

    First Financial Credit Union lent most frequently to those with DTI ratios of 30-36%, with 26 originations. The next most common DTI ratio? 20-30%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 116 $22,250,000 $191,810 $4,485 5.00%
    Not provided 15 $2,905,000 $193,667 $5,075 3.69%
    American Indian 8 $1,280,000 $160,000 $4,838 5.13%
    Asian 3 $295,000 $98,333 $4,056 3.63%
    Black 1 $105,000 $105,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    90.50%

    First Financial Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.83%

    First Financial Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 143 $26,835,000 $187,657

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    143 $26,835,000 $187,657

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,315,000 $87,667 $2,920 5.45%
    40-60% 37 $5,935,000 $160,405 $4,358 3.99%
    60-80% 50 $10,200,000 $204,000 $5,040 4.37%
    80-100% 28 $8,720,000 $311,429 $6,432 4.98%
    Under 20% 13 $665,000 $51,154 $782 8.16%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%