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 Refi, Cash Out Refi, and Home Improvement 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 San Francisco among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First Financial Federal 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. 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% 11/17/24
    30 Year Conventional Refi 6.08% 11/17/24
    30 Year Cash-out Refi 6.84% 11/17/24
    15 Year Conventional Refi 6.03% 11/17/24
    15 Year Cash-out Refi 6.03% 11/17/24
    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

    692

    Origination Dollar Volume (All Markets)

    $225,710,000

    Awards

    THE FIRST FINANCIAL Federal Credit Union 30 Year Conventional Loans gold THE FIRST FINANCIAL Federal Credit Union 30 Year Conventional Loans silver THE FIRST FINANCIAL Federal Credit Union 30 Year Conventional Loans bronze
    Show all (3) 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) 436 $147,990,000 $339,427 $370 3.16%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 181 $51,505,000 $284,558 $290 3.13%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 33 $11,535,000 $349,545 $176 3.17%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 25 $9,465,000 $378,600 $578 3.17%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,310,000 $655,000 $1,005 2.69%
    STOCKTON, CA (FHA|USDA|VA) 1 $545,000 $545,000 $0 2.88%
    CHICO, CA (FHA|USDA|VA) 2 $540,000 $270,000 $1,971 2.75%
    VALLEJO, CA (FHA|USDA|VA) 1 $345,000 $345,000 $0 3.25%
    Crescent City, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.00%
    Outside of Metro Areas 2 $300,000 $150,000 $25 2.94%
    FRESNO, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,139 3.13%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.13%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.75%
    NAPA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $1,368 2.88%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.63%
    VISALIA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.63%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.75%
    The First Financial Federal Credit Union's top markets include Los Angeles, Riverside, San Diego, Oxnard, and San Francisco 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.

    Christian Community Credit Union
    Similarity Rank: 354
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 692 $225,710,000 $326,171 $355 3.14%

    For 2021, The First Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 692 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 310 $101,290,000 $326,742 $354 2.95%
    Cash Out Refi 189 $63,475,000 $335,847 $439 3.17%
    Home Improvement 168 $49,830,000 $296,607 $282 3.48%
    Home Purchase 25 $11,115,000 $444,600 $224 3.11%

    For 2021, The First Financial Federal Credit Union's most frequently cited loan purpose was Refi, with 310 originations. The 2nd most popular reason was Cash Out Refi, with 189 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 399 $160,095,000 $401,241 $425 3.14%
    15 Year 155 $35,775,000 $230,806 $188 2.96%
    20 Year 84 $22,870,000 $272,262 $508 3.51%
    10 Year 53 $6,285,000 $118,585 $78 3.16%
    Other 1 $685,000 $685,000 $0 2.50%

    For 2021, The First Financial Federal Credit Union's most frequently cited loan duration was 30 Year, with 399 originations. The 2nd most popular length was 15 Year, with 155 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 643 $208,565,000 $324,362
    $1k-2k 15 $3,485,000 $232,333
    $3k-4k 11 $3,655,000 $332,273
    $5k+ 11 $5,175,000 $470,455
    $2k-3k 7 $2,635,000 $376,429
    $4k-5k 5 $2,195,000 $439,000

    The First Financial Federal Credit Union's average total fees were $425, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 643 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 303 $102,325,000 $337,706
    3-4% 230 $94,150,000 $409,348
    <2.5% 93 $21,125,000 $227,151
    4-5% 48 $7,040,000 $146,667
    5-6% 18 $1,070,000 $59,444

    During 2021, The First Financial Federal Credit Union's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 2.5-3%, with 303 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 287 $85,525,000 $297,997 $334 3.02%
    $400k-600k 151 $72,695,000 $481,424 $758 3.11%
    $100k-200k 127 $18,745,000 $147,598 $221 3.00%
    $100,000 or less 67 $4,155,000 $62,015 $28 4.02%
    $600k-1MM 55 $38,895,000 $707,182 $90 3.17%
    $1MM+ 5 $5,695,000 $1,139,000 $75 2.95%

    2021 saw The First Financial Federal Credit Union place emphasis on $200k-400k loans with 287 originations, totaling $85,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 208 $71,230,000 $342,452 $406 3.09%
    $75k-100k 149 $39,285,000 $263,658 $318 3.20%
    $150k-250k 145 $59,155,000 $407,966 $332 3.21%
    $50k-75k 103 $24,495,000 $237,816 $359 3.11%
    $250k+ 45 $24,505,000 $544,556 $593 3.18%
    $50k or less 38 $6,150,000 $161,842 $51 3.01%

    The First Financial Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 208 originations. The second most popular income band? $75k-100k, with 149 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 191 $58,195,000 $304,686 $348 3.02%
    30-36% 150 $50,270,000 $335,133 $374 3.12%
    <20% 64 $16,730,000 $261,406 $418 2.72%
    41% 31 $9,755,000 $314,677 $583 3.41%
    44% 27 $8,795,000 $325,741 $483 3.51%
    42% 25 $9,005,000 $360,200 $39 3.29%
    38% 24 $7,430,000 $309,583 $163 3.32%
    43% 23 $8,255,000 $358,913 $1,006 3.33%
    40% 23 $7,755,000 $337,174 $20 3.26%
    39% 22 $7,990,000 $363,182 $542 3.16%
    46% 21 $8,415,000 $400,714 $418 3.49%
    36% 20 $6,620,000 $331,000 $31 3.13%
    37% 20 $7,670,000 $383,500 $19 3.31%
    47% 14 $3,570,000 $255,000 $469 3.57%
    45% 13 $4,835,000 $371,923 $0 2.97%
    49% 13 $4,865,000 $374,231 $551 3.31%
    50-60% 6 $3,010,000 $501,667 $42 3.65%
    48% 5 $2,545,000 $509,000 $20 3.50%

    The First Financial Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 191 originations. The next most common DTI ratio? 30-36%, with 150 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 444 $135,890,000 $306,059 $297 3.14%
    Black 108 $37,640,000 $348,519 $505 3.17%
    Not provided 89 $30,465,000 $342,303 $497 3.16%
    Asian 41 $18,035,000 $439,878 $351 3.10%
    Native Hawaiian or Islander 5 $1,905,000 $381,000 $0 3.20%
    American Indian 3 $775,000 $258,333 $0 3.42%
    Other Pacific Islander 1 $565,000 $565,000 $0 3.38%
    Other Asian 1 $435,000 $435,000 $0 3.00%

    Approval Rates

    Total approvals of all applications
    91.92%

    The First Financial Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.01%

    The First Financial Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 692 $225,710,000 $326,171

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    692 $225,710,000 $326,171

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 162 $40,590,000 $250,556 $390 2.84%
    40-60% 206 $74,550,000 $361,893 $350 2.96%
    60-80% 188 $86,560,000 $460,426 $537 3.21%
    80-100% 24 $12,660,000 $527,500 $132 3.22%
    Under 20% 112 $11,350,000 $101,339 $61 3.79%