The First Financial Federal Credit Union Mortgage Rates, Fees & Info

West Covina, CA

LEI: 54930074FI0I2Q6G5S43

Tax ID: 95-2653867

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
  • 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

    The First Financial Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Improvement, and Refi loans. The First Financial Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Oxnard, and Visalia among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First Financial Federal Credit Union 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. The First Financial Federal Credit Union is typically a low 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 4.35% 4/21/24
    30 Year Conventional Refi 6.08% 4/21/24
    30 Year Cash-out Refi 6.84% 4/21/24
    15 Year Conventional Refi 6.03% 4/21/24
    15 Year Cash-out Refi 6.03% 4/21/24
    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.

    The First Financial Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The First Financial Federal 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

    390

    Origination Dollar Volume (All Markets)

    $97,280,000
    Show all (5) 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 243 $62,755,000 $258,251 $3,525 4.53%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 107 $22,525,000 $210,514 $3,174 4.42%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 15 $5,125,000 $341,667 $4,605 4.23%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $2,735,000 $303,889 $5,062 4.10%
    VISALIA, CA (FHA|USDA|VA) 3 $1,015,000 $338,333 $4,678 4.17%
    SALINAS, CA (FHA|USDA|VA) 2 $860,000 $430,000 $2,970 4.06%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $495,000 $495,000 $0 3.63%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $475,000 $475,000 $2,183 4.00%
    VALLEJO, CA (FHA|USDA|VA) 2 $460,000 $230,000 $5,840 4.87%
    MODESTO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $8,274 3.50%
    CHICO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $1,939 4.00%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $145,000 $145,000 $1,811 3.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $110,000 $55,000 $0 5.87%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.49%
    The First Financial Federal Credit Union's top markets include Los Angeles, Riverside, San Diego, Oxnard, and Visalia among others.

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

    • Similar Lenders

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

    MYPOINT Credit Union
    Similarity Rank: 147
    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    LA Financial Federal Credit Union
    Similarity Rank: 951
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1107
    LBS FINANCIAL
    Similarity Rank: 1176
    Water and Power Community Credit Union
    Similarity Rank: 1296
    I.L.W.U. CREDIT UNION
    Similarity Rank: 1368
    USC Credit Union
    Similarity Rank: 1416

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 389 $97,225,000 $249,936 $3,526 4.48%
    HELOC 1 $55,000 $55,000 n/a 3.38%

    For 2019, The First Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 389 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 137 $30,495,000 $222,591 $3,495 4.55%
    Home Improvement 134 $23,840,000 $177,910 $3,100 4.98%
    Refi 91 $32,565,000 $357,857 $3,561 3.72%
    Home Purchase 27 $10,345,000 $383,148 $4,442 4.12%
    NA 1 $35,000 $35,000 $0 6.25%

    For 2019, The First Financial Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 137 originations. The 2nd most popular reason was Home Improvement, with 134 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 183 $69,795,000 $381,393 $3,800 3.85%
    20 Year 73 $9,785,000 $134,041 $3,205 5.44%
    15 Year 69 $13,275,000 $192,391 $2,970 4.53%
    10 Year 65 $4,425,000 $68,077 $2,252 5.11%

    For 2019, The First Financial Federal Credit Union's most frequently cited loan duration was 30 Year, with 183 originations. The 2nd most popular length was 20 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 301 $67,095,000 $222,907
    $1k-2k 26 $7,490,000 $288,077
    $2k-3k 19 $6,315,000 $332,368
    $5k+ 16 $6,090,000 $380,625
    $3k-4k 15 $5,485,000 $365,667
    $4k-5k 12 $4,750,000 $395,833

    The First Financial Federal Credit Union's average total fees were $3,800, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 301 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 166 $57,320,000 $345,301
    5-6% 126 $9,660,000 $76,667
    4-5% 60 $19,690,000 $328,167
    2.5-3% 21 $7,415,000 $353,095
    6-7% 11 $645,000 $58,636
    <2.5% 6 $2,550,000 $425,000

    During 2019, The First Financial Federal Credit Union's average interest rate for loans was 3.85%, while their most frequently originated rate bucket for loans was 3-4%, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 120 $35,730,000 $297,750 $3,719 3.81%
    $100,000 or less 113 $5,985,000 $52,965 $1,659 5.60%
    $400k-600k 70 $33,620,000 $480,286 $4,176 3.84%
    $100k-200k 68 $9,190,000 $135,147 $2,208 4.70%
    $600k-1MM 19 $12,755,000 $671,316 $5,227 3.60%

    2019 saw The First Financial Federal Credit Union place emphasis on $200k-400k loans with 120 originations, totaling $35,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 153 $40,255,000 $263,105 $3,641 4.46%
    $75k-100k 80 $16,610,000 $207,625 $3,374 4.55%
    $150k-250k 75 $22,315,000 $297,533 $3,614 4.44%
    $50k-75k 47 $8,595,000 $182,872 $3,688 4.46%
    $50k or less 18 $1,800,000 $100,000 $2,343 4.86%
    $250k+ 16 $7,330,000 $458,125 $3,392 4.13%

    The First Financial Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 153 originations. The second most popular income band? $75k-100k, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $21,655,000 $267,346 $3,342 4.23%
    30-36% 70 $18,410,000 $263,000 $3,270 4.31%
    44% 27 $6,865,000 $254,259 $3,097 4.92%
    <20% 24 $4,070,000 $169,583 $2,641 3.81%
    41% 24 $5,220,000 $217,500 $2,859 4.87%
    42% 24 $5,340,000 $222,500 $5,779 4.73%
    40% 22 $5,630,000 $255,909 $3,955 4.57%
    43% 18 $4,170,000 $231,667 $2,746 4.61%
    39% 15 $4,095,000 $273,000 $3,343 4.11%
    50-60% 14 $4,010,000 $286,429 $3,201 4.76%
    45% 13 $3,325,000 $255,769 $4,903 4.85%
    49% 13 $2,275,000 $175,000 $4,162 5.08%
    37% 10 $3,530,000 $353,000 $3,623 4.02%
    48% 9 $2,565,000 $285,000 $6,152 4.27%
    46% 8 $2,050,000 $256,250 $6,365 4.70%
    36% 6 $1,240,000 $206,667 $2,942 4.79%
    47% 6 $1,500,000 $250,000 $2,193 5.20%
    38% 6 $1,330,000 $221,667 $4,552 5.08%

    The First Financial Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 281 $69,545,000 $247,491 $3,533 4.44%
    Black 47 $12,805,000 $272,447 $3,521 4.68%
    Not provided 36 $7,340,000 $203,889 $2,859 4.78%
    Asian 18 $5,350,000 $297,222 $3,636 4.05%
    American Indian 4 $1,320,000 $330,000 $5,922 3.44%
    Native Hawaiian or Islander 2 $460,000 $230,000 $4,971 4.68%
    Japanese 1 $425,000 $425,000 $1,985 5.25%
    Other Asian 1 $35,000 $35,000 $0 5.99%

    Approval Rates

    Total approvals of all applications
    84.50%

    The First Financial Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.51%

    The First Financial Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 390 $97,280,000 $249,436

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 390 $97,280,000 $249,436

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 49 $8,225,000 $167,857 $2,516 4.37%
    40-60% 60 $19,980,000 $333,000 $3,142 3.73%
    60-80% 118 $48,940,000 $414,746 $4,259 3.77%
    80-100% 28 $10,870,000 $388,214 $4,060 4.10%
    Under 20% 135 $9,265,000 $68,630 $1,767 5.55%