First Citizens' Federal Credit Union Mortgage Rates, Fees & Info

FAIRHAVEN, MA

LEI: 54930088NZQ6CDL0WA10

Tax ID: 04-1120944

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

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Mortgage Data

Review & Overview

First Citizens' Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. First Citizens' Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Barnstable Town, Boston, and Vineyard Haven among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Citizens' 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.

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Originations

236

Origination Dollar Volume (All Markets)

$36,570,000

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
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 111 $12,955,000 $116,712 $0 0.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 71 $11,955,000 $168,380 $0 0.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 51 $11,405,000 $223,627 $0 0.00%
Vineyard Haven, MA (FHA|USDA|VA) 3 $255,000 $85,000 $0 0.00%
First Citizens' Federal Credit Union's top markets include Providence, Barnstable Town, Boston, and Vineyard Haven among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 236 $36,570,000 $154,958 $0 0.00%

    For 2023, First Citizens' Federal Credit Union's most frequently originated type of loan was Conventional, with 236 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 191 $21,585,000 $113,010 $0 0.00%
    Home Purchase 42 $14,730,000 $350,714 $0 0.00%
    Refi 3 $255,000 $85,000 $0 0.00%

    For 2023, First Citizens' Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 191 originations. The 2nd most popular reason was Home Purchase, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 236 $36,570,000 $154,958 $0 0.00%

    For 2023, First Citizens' Federal Credit Union's most frequently cited loan duration was Other, with 236 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 121 $6,415,000 $53,017 $0 0.00%
    $100k-200k 48 $6,730,000 $140,208 $0 0.00%
    $200k-400k 48 $13,080,000 $272,500 $0 0.00%
    $400k-600k 15 $7,005,000 $467,000 $0 0.00%
    $600k-1MM 3 $2,285,000 $761,667 $0 0.00%
    $1MM+ 1 $1,055,000 $1,055,000 $0 0.00%

    2023 saw First Citizens' Federal Credit Union place emphasis on $100,000 or less loans with 121 originations, totaling $6,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 66 $9,490,000 $143,788 $0 0.00%
    $150k-250k 52 $10,310,000 $198,269 $0 0.00%
    $50k-75k 45 $4,445,000 $98,778 $0 0.00%
    $75k-100k 39 $4,915,000 $126,026 $0 0.00%
    $50k or less 18 $1,950,000 $108,333 $0 0.00%
    $250k+ 15 $5,395,000 $359,667 $0 0.00%

    First Citizens' Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $150k-250k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 236 $36,570,000 $154,958 $0 0.00%

    First Citizens' Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 236 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 162 $28,400,000 $175,309 $0 0.00%
    Not provided 67 $6,995,000 $104,403 $0 0.00%
    Black 5 $835,000 $167,000 $0 0.00%
    Native Hawaiian or Islander 1 $275,000 $275,000 $0 0.00%
    Not applicable 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.54%

    First Citizens' Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.98%

    First Citizens' Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 236 $36,570,000 $154,958

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    236 $36,570,000 $154,958