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, 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, Hartford, and Worcester 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.

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    Originations

    199

    Origination Dollar Volume (All Markets)

    $49,525,000

    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) 88 $20,310,000 $230,795 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 69 $17,135,000 $248,333 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 39 $11,285,000 $289,359 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    First Citizens' Federal Credit Union's top markets include Providence, Barnstable Town, Boston, Hartford, and Worcester among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 199 $49,525,000 $248,869 $0 0.00%

    For 2021, First Citizens' Federal Credit Union's most frequently originated type of loan was Conventional, with 199 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 104 $22,900,000 $220,192 $0 0.00%
    Refi 58 $13,220,000 $227,931 $0 0.00%
    Home Purchase 37 $13,405,000 $362,297 $0 0.00%

    For 2021, First Citizens' Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 104 originations. The 2nd most popular reason was Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 199 $49,525,000 $248,869 $0 0.00%

    For 2021, First Citizens' Federal Credit Union's most frequently cited loan duration was Other, with 199 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 100 $28,410,000 $284,100 $0 0.00%
    $100k-200k 55 $8,555,000 $155,545 $0 0.00%
    $100,000 or less 26 $1,790,000 $68,846 $0 0.00%
    $400k-600k 11 $5,315,000 $483,182 $0 0.00%
    $600k-1MM 7 $5,455,000 $779,286 $0 0.00%

    2021 saw First Citizens' Federal Credit Union place emphasis on $200k-400k loans with 100 originations, totaling $28,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $14,305,000 $260,091 $0 0.00%
    $50k-75k 42 $8,540,000 $203,333 $0 0.00%
    $50k or less 32 $4,340,000 $135,625 $0 0.00%
    $75k-100k 32 $7,760,000 $242,500 $0 0.00%
    $150k-250k 26 $8,870,000 $341,154 $0 0.00%
    $250k+ 5 $2,215,000 $443,000 $0 0.00%

    First Citizens' Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $50k-75k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 199 $49,525,000 $248,869 $0 0.00%

    First Citizens' Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 199 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 182 $42,940,000 $235,934 $0 0.00%
    Not applicable 4 $2,890,000 $722,500 $0 0.00%
    Black 9 $2,715,000 $301,667 $0 0.00%
    Not provided 2 $410,000 $205,000 $0 0.00%
    Native Hawaiian or Islander 1 $315,000 $315,000 $0 0.00%
    American Indian 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.22%

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

    Pick Rate

    Approvals leading to origination
    84.42%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 199 $49,525,000 $248,869

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    199 $49,525,000 $248,869

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union FHA mortgage Struggling to pay mortgage 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 2 28.6%
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Closing on a mortgage 1 14.3%
    First Technology Federal Credit Union Other type of mortgage 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%