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 Home Purchase loans. First Citizens' Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Barnstable Town, Providence, Boston, Vineyard Haven, 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.

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    Originations

    134

    Origination Dollar Volume (All Markets)

    $29,150,000

    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) 44 $11,370,000 $258,409 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 66 $10,740,000 $162,727 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 21 $6,295,000 $299,762 $0 0.00%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Outside of Metro Areas 1 $185,000 $185,000 $0 0.00%
    First Citizens' Federal Credit Union's top markets include Barnstable Town, Providence, Boston, Vineyard Haven, and Springfield among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $29,150,000 $217,537 $0 0.00%

    For 2022, First Citizens' Federal Credit Union's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 89 $14,255,000 $160,169 $0 0.00%
    Home Purchase 32 $12,030,000 $375,938 $0 0.00%
    Refi 9 $2,775,000 $308,333 $0 0.00%
    Home Improvement 4 $90,000 $22,500 $0 0.00%

    For 2022, First Citizens' Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 89 originations. The 2nd most popular reason was Home Purchase, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $29,150,000 $217,537 $0 0.00%

    For 2022, First Citizens' Federal Credit Union's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $2,155,000 $45,851 $0 0.00%
    $200k-400k 45 $12,735,000 $283,000 $0 0.00%
    $100k-200k 23 $3,405,000 $148,043 $0 0.00%
    $400k-600k 15 $6,905,000 $460,333 $0 0.00%
    $1MM+ 2 $2,200,000 $1,100,000 $0 0.00%
    $600k-1MM 2 $1,750,000 $875,000 $0 0.00%

    2022 saw First Citizens' Federal Credit Union place emphasis on $100,000 or less loans with 47 originations, totaling $2,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $9,565,000 $245,256 $0 0.00%
    $75k-100k 32 $5,650,000 $176,563 $0 0.00%
    $50k-75k 28 $4,400,000 $157,143 $0 0.00%
    $50k or less 16 $1,820,000 $113,750 $0 0.00%
    $150k-250k 11 $2,575,000 $234,091 $0 0.00%
    $250k+ 6 $4,550,000 $758,333 $0 0.00%

    First Citizens' Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $75k-100k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $29,150,000 $217,537 $0 0.00%

    First Citizens' Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 123 $26,385,000 $214,512 $0 0.00%
    Black 10 $2,530,000 $253,000 $0 0.00%
    Asian 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.60%

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

    Pick Rate

    Approvals leading to origination
    85.82%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 134 $29,150,000 $217,537

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    134 $29,150,000 $217,537

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%