First Citizens' Federal Credit Union Mortgage Rates, Fees & Info
FAIRHAVEN, MALEI: 54930088NZQ6CDL0WA10
Tax ID: 04-1120944
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Citizens' Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. First Citizens' Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Barnstable Town, Boston, Worcester, and Springfield among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)First Citizens' 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.
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.
Originations
247Origination Dollar Volume (All Markets)
$55,705,000Top 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) | 105 | $23,445,000 | $223,286 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 102 | $22,310,000 | $218,725 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 36 | $8,800,000 | $244,444 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 247 | $55,705,000 | $225,526 | $0 | 0.00% |
For 2019, First Citizens' Federal Credit Union's most frequently originated type of loan was Conventional, with 247 originations.
Loan Reason
For 2019, First Citizens' Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 128 originations. The 2nd most popular reason was Home Purchase, with 77 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 247 | $55,705,000 | $225,526 | $0 | 0.00% |
For 2019, First Citizens' Federal Credit Union's most frequently cited loan duration was Other, with 247 originations.
Loan Sizing
2019 saw First Citizens' Federal Credit Union place emphasis on $200k-400k loans with 87 originations, totaling $23,285,000 in origination value.
Applicant Income
First Citizens' Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 58 originations. The second most popular income band? $50k-75k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 247 | $55,705,000 | $225,526 | $0 | 0.00% |
First Citizens' Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 247 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.76%
First Citizens' Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.16%
First Citizens' Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 247 | $55,705,000 | $225,526 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $4,310,000 | $2,155,000 |
| Single Family (1-4 Units):Site-Built | 245 | $51,395,000 | $209,776 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
| First Technology Federal Credit Union | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
| First Technology Federal Credit Union | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |