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

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    First Citizens' Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. First Citizens' Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Barnstable Town, Providence, Boston, Hartford, and Lebanon 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 above 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.

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    Originations

    388

    Origination Dollar Volume (All Markets)

    $96,330,000

    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
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 158 $38,570,000 $244,114 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 147 $31,655,000 $215,340 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 80 $24,330,000 $304,125 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $635,000 $635,000 $0 0.00%
    Outside of Metro Areas 1 $635,000 $635,000 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    First Citizens' Federal Credit Union's top markets include Barnstable Town, Providence, Boston, Hartford, and Lebanon among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 388 $96,330,000 $248,273 $0 0.00%

    For 2020, First Citizens' Federal Credit Union's most frequently originated type of loan was Conventional, with 388 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 159 $40,165,000 $252,610 $0 0.00%
    Refi 157 $37,965,000 $241,815 $0 0.00%
    Home Purchase 55 $16,815,000 $305,727 $0 0.00%
    Other 15 $1,345,000 $89,667 $0 0.00%
    Home Improvement 2 $40,000 $20,000 $0 0.00%

    For 2020, First Citizens' Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 159 originations. The 2nd most popular reason was Refi, with 157 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 388 $96,330,000 $248,273 $0 0.00%

    For 2020, First Citizens' Federal Credit Union's most frequently cited loan duration was Other, with 388 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 203 $56,185,000 $276,773 $0 0.00%
    $100k-200k 108 $16,840,000 $155,926 $0 0.00%
    $100,000 or less 37 $2,315,000 $62,568 $0 0.00%
    $400k-600k 32 $15,030,000 $469,688 $0 0.00%
    $600k-1MM 8 $5,960,000 $745,000 $0 0.00%

    2020 saw First Citizens' Federal Credit Union place emphasis on $200k-400k loans with 203 originations, totaling $56,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 117 $30,035,000 $256,709 $0 0.00%
    $50k-75k 87 $16,945,000 $194,770 $0 0.00%
    $75k-100k 81 $17,625,000 $217,593 $0 0.00%
    $150k-250k 51 $18,245,000 $357,745 $0 0.00%
    $50k or less 36 $5,740,000 $159,444 $0 0.00%
    $250k+ 9 $4,735,000 $526,111 $0 0.00%

    First Citizens' Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 117 originations. The second most popular income band? $50k-75k, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 388 $96,330,000 $248,273 $0 0.00%

    First Citizens' Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 388 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 364 $89,750,000 $246,566 $0 0.00%
    Not applicable 6 $2,660,000 $443,333 $0 0.00%
    Black 11 $2,295,000 $208,636 $0 0.00%
    Not provided 3 $685,000 $228,333 $0 0.00%
    American Indian 2 $490,000 $245,000 $0 0.00%
    Asian 2 $450,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.28%

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

    Pick Rate

    Approvals leading to origination
    77.58%

    First Citizens' Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 388 $96,330,000 $248,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $740,000 $370,000
    Single Family (1-4 Units):Site-Built 386 $95,590,000 $247,642

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 1 25.0%
    First Technology Federal Credit Union Home equity loan or line of credit (HELOC) Closing on a mortgage 1 25.0%
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 25.0%