Fire Police City County Federal Credit Union Mortgage Rates, Fees & Info
Fort Wayne, INLEI: 5493007ILDVYNFLDXQ42
Tax ID: 35-6001477
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Mortgage Data
Review & Overview
Fire Police City County Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Fire Police City County Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Fort Wayne, Indianapolis, Huntington, Auburn, and Angola among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Fire Police City County 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. Fire Police City County 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.67% | 4/28/24 |
| 30 Year Conventional Refi | 6.42% | 4/28/24 |
| 30 Year Cash-out Refi | 6.50% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 6.27% | 4/28/24 |
| 15 Year Cash-out Refi | 6.27% | 4/28/24 |
| 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. | ||
Fire Police City County Federal Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Fire Police City County Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
58Origination Dollar Volume (All Markets)
$5,100,000Awards
Fire Police City County Federal Credit Union - 2018
Fire Police City County Federal Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| FORT WAYNE, IN (FHA|USDA|VA) | 47 | $3,775,000 | $80,319 | $1,292 | 4.71% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,080 | 4.50% |
| Huntington, IN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,065 | 5.07% |
| Auburn, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,086 | 4.50% |
| Angola, IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,867 | 4.32% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,818 | 3.88% |
| Kendallville, IN (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $1,762 | 4.32% |
| Wabash, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,676 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against Fire Police City County Federal Credit Union 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 | 58 | $5,100,000 | $87,931 | $1,377 | 4.66% |
For 2018, Fire Police City County Federal Credit Union's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 33 | $3,465,000 | $105,000 | $1,520 | 4.65% |
| Refi | 23 | $1,605,000 | $69,783 | $1,261 | 4.58% |
| Other | 2 | $30,000 | $15,000 | $364 | 5.75% |
For 2018, Fire Police City County Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
For 2018, Fire Police City County Federal Credit Union's most frequently cited loan duration was 30 Year, with 30 originations. The 2nd most popular length was 10 Year, with 19 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 58 | $5,100,000 | $87,931 |
Fire Police City County Federal Credit Union's average total fees were $1,918, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 58 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 35 | $3,655,000 | $104,429 |
| 5-6% | 14 | $330,000 | $23,571 |
| 3-4% | 9 | $1,115,000 | $123,889 |
During 2018, Fire Police City County Federal Credit Union's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 4-5%, with 35 originations.
Loan Sizing
2018 saw Fire Police City County Federal Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $1,610,000 in origination value.
Applicant Income
Fire Police City County Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 24 originations. The second most popular income band? $50k or less, with 14 originations.
Applicant Debt to Income Ratio
Fire Police City County Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? 30-36%, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.42%
Fire Police City County Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination62.07%
Fire Police City County Federal Credit Union 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 | 58 | $5,100,000 | $87,931 |