First Mortgage Company Rates, Fees & Info
BOISE, IDLEI: 5493008PQSMR41Y70C36
Tax ID: 82-0416590
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Mortgage Data
Review & Overview
First Mortgage Company is a smaller mortgage company specializing in Home Purchase loans. First Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Miami, Boston, St. Louis, Providence, and Tampa among others. We have data for 82 markets. (Some data included below & more in-depth data is available with an active subscription.)First Mortgage Company 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. First Mortgage Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.97% | 4/5/25 |
| 30 Year Conventional Refi | 7.23% | 4/5/25 |
| 30 Year Cash-out Refi | 7.19% | 4/5/25 |
| 30 Year FHA Purchase | 7.02% | 4/5/25 |
| 30 Year FHA Refi | 6.77% | 4/5/25 |
| 30 Year VA Purchase | 6.46% | 4/5/25 |
| 30 Year VA Refi | 6.13% | 4/5/25 |
| 30 Year USDA Purchase | 6.69% | 4/5/25 |
| 15 Year Conventional Purchase | 6.23% | 4/5/25 |
| 15 Year Conventional Refi | 6.36% | 4/5/25 |
| 15 Year Cash-out Refi | 6.36% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Mortgage Company Mortgage Calculator
Your Estimates
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This is not an official calculator from First Mortgage Company. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,147Origination Dollar Volume (All Markets)
$644,365,000Awards
FIRST MORTGAGE COMPANY - 2024
FIRST MORTGAGE COMPANY is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
First Mortgage Company's average 30 year fixed mortgage rate was
6.7%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.15%.
Relative Fees (Closing Costs)
First Mortgage Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,711.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 102 | $220,890,000 | $2,165,588 | $16,597 | 5.90% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 241 | $117,915,000 | $489,274 | $7,298 | 6.71% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 136 | $38,120,000 | $280,294 | $4,769 | 7.23% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 84 | $34,670,000 | $412,738 | $11,976 | 6.32% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 36 | $25,060,000 | $696,111 | $13,760 | 6.71% |
| Outside of Metro Areas | 84 | $23,770,000 | $282,976 | $6,707 | 5.76% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 54 | $21,760,000 | $402,963 | $13,072 | 6.82% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 48 | $18,840,000 | $392,500 | $6,978 | 6.81% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 28 | $15,860,000 | $566,429 | $7,257 | 6.66% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 34 | $14,100,000 | $414,706 | $7,846 | 6.86% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 24 | $12,440,000 | $518,333 | $9,065 | 6.40% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 28 | $10,940,000 | $390,714 | $4,233 | 6.92% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 24 | $5,500,000 | $229,167 | $10,383 | 6.58% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 12 | $4,790,000 | $399,167 | $8,870 | 6.29% |
| BANGOR, ME (FHA|USDA|VA) | 16 | $4,580,000 | $286,250 | $8,879 | 6.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 11 | $4,455,000 | $405,000 | $13,469 | 6.75% |
| Concord, NH (FHA|USDA|VA) | 9 | $3,965,000 | $440,556 | $8,098 | 6.66% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $3,840,000 | $640,000 | $8,297 | 7.04% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 9 | $3,475,000 | $386,111 | $10,541 | 7.18% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 11 | $3,015,000 | $274,091 | $9,252 | 6.49% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $2,630,000 | $438,333 | $4,535 | 7.21% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $2,620,000 | $327,500 | $7,882 | 6.76% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $4,642 | 6.85% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $2,430,000 | $607,500 | $3,663 | 6.69% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $8,391 | 7.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $2,130,000 | $1,065,000 | $13,332 | 6.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $2,125,000 | $708,333 | $9,492 | 7.46% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,950,000 | $487,500 | $12,033 | 6.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $1,915,000 | $273,571 | $11,838 | 6.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $1,855,000 | $618,333 | $4,806 | 6.91% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $1,765,000 | $1,765,000 | $0 | 7.13% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 4 | $1,650,000 | $412,500 | $7,439 | 6.53% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $8,781 | 6.52% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $5,157 | 6.80% |
| Cañon City, CO (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $5,675 | 6.53% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $6,005 | 6.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $14,098 | 6.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $7,592 | 7.49% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $12,868 | 7.12% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $4,351 | 7.04% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $4,632 | 6.50% |
| Laconia, NH (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $11,036 | 6.79% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $2,727 | 6.93% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $3,880 | 7.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $8,943 | 6.13% |
| OCALA, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $10,873 | 7.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $8,948 | 6.50% |
| Keene, NH (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,598 | 6.24% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $11,422 | 6.12% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $12,791 | 7.08% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $15,329 | 6.63% |
| Wauchula, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $11,281 | 7.06% |
| Barre, VT (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,191 | 6.37% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,857 | 5.99% |
| Rutland, VT (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,881 | 8.08% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $9,382 | 6.44% |
| OWENSBORO, KY (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $9,115 | 6.13% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,356 | 6.99% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $21,179 | 4.50% |
| Palatka, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $7,646 | 6.41% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 6.99% |
| Berlin, NH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $14,763 | 7.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,254 | 6.99% |
| ROCKFORD, IL (FHA|USDA|VA) | 6 | $390,000 | $65,000 | $4,413 | 7.31% |
| Madisonville, KY (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $8,789 | 7.17% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,359 | 7.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 6.99% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,778 | 7.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,845 | 7.75% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,527 | 7.49% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,213 | 6.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,551 | 8.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,501 | 6.99% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,579 | 6.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,474 | 7.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,008 | 6.88% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,374 | 6.75% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 6.63% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,174 | 6.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,052 | 6.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,310 | 6.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against FIRST MORTGAGE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, First Mortgage Company's most frequently originated type of loan was Conventional, with 955 originations. Their 2nd most popular type was FHA, with 143 originations.
Loan Reason
For 2024, First Mortgage Company's most frequently cited loan purpose was Home Purchase, with 892 originations. The 2nd most popular reason was Refi, with 181 originations.
Loan Duration/Length
For 2024, First Mortgage Company's most frequently cited loan duration was 30 Year, with 1,088 originations. The 2nd most popular length was 30+ year, with 28 originations.
Origination Fees/Closing Costs
First Mortgage Company's average total fees were $8,711, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 373 originations.
Interest Rates
During 2024, First Mortgage Company's average interest rate for loans was 6.70%, while their most frequently originated rate bucket for loans was 6-7%, with 639 originations.
Loan Sizing
2024 saw First Mortgage Company place emphasis on $200k-400k loans with 462 originations, totaling $139,020,000 in origination value.
Applicant Income
First Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 280 originations. The second most popular income band? $250k+, with 243 originations.
Applicant Debt to Income Ratio
First Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 167 originations. The next most common DTI ratio? 20-30%, with 155 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.76%
First Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination82.21%
First Mortgage Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,147 | $644,365,000 | $561,783 |