1st Financial Mortgage Rates, Fees & Info

MILLERSVILLE, MD

LEI: 549300AT7S7TRS2KSX88

Tax ID: 04-3694338

2.3 stars - out of 5 stars, based on 41 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    1st Financial is a smaller mortgage company specializing in Home Purchase and Refi loans. 1st Financial 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, Baltimore, Washington, Tampa, and Key West among others. We have data for 67 markets. (Some data included below & more in-depth data is available with an active subscription.)

    1st Financial 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. 1st Financial is typically a high 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 6.83% 10/3/22
    30 Year Conventional Refi 6.50% 10/3/22
    30 Year Cash-out Refi 6.82% 10/3/22
    30 Year FHA Purchase 7.57% 10/3/22
    30 Year FHA Refi 7.25% 10/3/22
    30 Year VA Purchase 6.55% 10/3/22
    30 Year VA Refi 6.09% 10/3/22
    30 Year USDA Purchase 6.92% 10/3/22
    30 Year USDA Refi 6.51% 10/3/22
    15 Year Conventional Purchase 6.44% 10/3/22
    15 Year Conventional Refi 6.30% 10/3/22
    15 Year Cash-out Refi 6.30% 10/3/22
    15 Year VA Purchase 6.50% 10/3/22
    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.


    Originations

    1,679

    Origination Dollar Volume (All Markets)

    $512,725,000

    Relative Rate

    1st Financial 's average 30 year fixed mortgage rate was 3.19%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.04%.

    Relative Fees (Closing Costs)

    1st Financial 's average total fees/closing costs for a 30 year fixed rate mortgage were $7,360.

    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 $4,750.

    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) 736 $230,090,000 $312,622 $7,971 3.21%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 471 $144,245,000 $306,253 $5,947 3.05%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 155 $53,865,000 $347,516 $7,673 3.09%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 73 $21,045,000 $288,288 $5,816 3.00%
    Key West, FL (FHA|USDA|VA) 8 $5,480,000 $685,000 $11,731 3.27%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $5,035,000 $296,176 $7,358 3.18%
    SALISBURY, MD-DE (FHA|USDA|VA) 15 $4,475,000 $298,333 $4,882 2.93%
    Outside of Metro Areas 13 $3,605,000 $277,308 $6,135 3.14%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 14 $3,430,000 $245,000 $7,821 3.18%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 11 $3,075,000 $279,545 $5,976 3.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $2,805,000 $215,769 $5,805 3.03%
    RICHMOND, VA (FHA|USDA|VA) 9 $2,235,000 $248,333 $4,789 2.89%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $1,990,000 $248,750 $7,858 2.95%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $1,965,000 $280,714 $7,028 3.26%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,960,000 $490,000 $10,722 3.33%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $1,795,000 $199,444 $4,129 3.08%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,790,000 $298,333 $7,095 3.10%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,625,000 $325,000 $5,099 3.07%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 4 $1,420,000 $355,000 $9,053 3.31%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 7 $1,375,000 $196,429 $5,781 3.07%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,300,000 $216,667 $7,622 3.39%
    PITTSBURGH, PA (FHA|USDA|VA) 5 $1,245,000 $249,000 $4,999 2.85%
    YORK-HANOVER, PA (FHA|USDA|VA) 6 $1,170,000 $195,000 $7,286 2.54%
    OCALA, FL (FHA|USDA|VA) 5 $905,000 $181,000 $8,136 3.37%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $890,000 $222,500 $3,769 3.31%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $885,000 $177,000 $3,738 3.00%
    READING, PA (FHA|USDA|VA) 5 $875,000 $175,000 $6,929 3.30%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $735,000 $245,000 $9,028 3.04%
    WINCHESTER, VA-WV (FHA|USDA|VA) 3 $725,000 $241,667 $4,144 2.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $650,000 $325,000 $6,875 2.81%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $625,000 $208,333 $6,701 3.54%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $600,000 $300,000 $6,964 3.43%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $565,000 $188,333 $5,808 2.87%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $505,000 $168,333 $5,663 3.88%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $500,000 $250,000 $3,628 2.63%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $460,000 $230,000 $8,107 3.06%
    ERIE, PA (FHA|USDA|VA) 3 $435,000 $145,000 $4,021 2.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $420,000 $210,000 $5,274 2.75%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $370,000 $185,000 $5,119 2.88%
    Easton, MD (FHA|USDA|VA) 1 $345,000 $345,000 $3,803 3.00%
    Clewiston, FL (FHA|USDA|VA) 1 $325,000 $325,000 $11,518 3.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $315,000 $315,000 $5,515 3.25%
    Lake City, FL (FHA|USDA|VA) 1 $305,000 $305,000 $11,829 3.75%
    MIDLAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $7,415 2.75%
    Arcadia, FL (FHA|USDA|VA) 1 $255,000 $255,000 $5,098 3.38%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $225,000 $225,000 $2,054 2.88%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,916 3.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,855 2.99%
    Cambridge, MD (FHA|USDA|VA) 1 $195,000 $195,000 $5,976 3.13%
    STAUNTON, VA (FHA|USDA|VA) 1 $195,000 $195,000 $3,946 3.00%
    Beeville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $6,516 3.13%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $195,000 $195,000 $5,428 3.25%
    DOVER, DE (FHA|USDA|VA) 1 $185,000 $185,000 $5,298 2.88%
    WACO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $2,684 2.75%
    PUEBLO, CO (FHA|USDA|VA) 1 $175,000 $175,000 $9,054 3.75%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $175,000 $175,000 $1,341 3.00%
    EL PASO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,309 3.50%
    Georgetown, SC (FHA|USDA|VA) 1 $165,000 $165,000 $3,792 3.38%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $165,000 $165,000 $1,980 2.88%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $7,710 2.75%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $165,000 $165,000 $3,542 2.99%
    TYLER, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,991 2.99%
    AMARILLO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,208 2.75%
    LAREDO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,567 2.87%
    ROANOKE, VA (FHA|USDA|VA) 1 $135,000 $135,000 $3,707 2.75%
    LANCASTER, PA (FHA|USDA|VA) 1 $125,000 $125,000 $5,183 2.99%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $4,910 4.00%

    1st Financial 's top markets include Miami, Baltimore, Washington, Tampa, and Key West among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against 1ST FINANCIAL 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,252 $373,280,000 $298,147 $5,893 3.13%
    FHA 334 $103,170,000 $308,892 $11,081 3.18%
    VA 86 $34,050,000 $395,930 $7,989 2.94%
    USDA 6 $1,970,000 $328,333 $8,502 3.08%
    Reverse Mortgage 1 $255,000 $255,000 $0 3.25%

    For 2021, 1st Financial 's most frequently originated type of loan was Conventional, with 1,252 originations. Their 2nd most popular type was FHA, with 334 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 858 $286,780,000 $334,242 $8,117 3.22%
    Refi 472 $131,720,000 $279,068 $5,524 2.89%
    Cash Out Refi 348 $94,070,000 $270,316 $6,453 3.22%
    Other 1 $155,000 $155,000 $7,315 3.25%

    For 2021, 1st Financial 's most frequently cited loan purpose was Home Purchase, with 858 originations. The 2nd most popular reason was Refi, with 472 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,469 $460,395,000 $313,407 $7,360 3.19%
    15 Year 112 $26,850,000 $239,732 $4,824 2.53%
    20 Year 56 $15,440,000 $275,714 $4,816 2.84%
    Other 35 $8,685,000 $248,143 $4,943 3.04%
    10 Year 7 $1,355,000 $193,571 $3,968 2.28%

    For 2021, 1st Financial 's most frequently cited loan duration was 30 Year, with 1,469 originations. The 2nd most popular length was 15 Year, with 112 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 994 $292,460,000 $294,225
    $2k-3k 211 $59,265,000 $280,877
    $5k+ 184 $71,080,000 $386,304
    $3k-4k 135 $36,795,000 $272,556
    $4k-5k 99 $31,045,000 $313,586
    $<1k 55 $21,825,000 $396,818

    1st Financial 's average total fees were $7,360, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 994 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 845 $258,685,000 $306,136
    2.5-3% 634 $194,030,000 $306,041
    <2.5% 152 $46,900,000 $308,553
    4-5% 48 $13,110,000 $273,125

    During 2021, 1st Financial 's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 845 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 950 $276,370,000 $290,916 $7,149 3.12%
    $100k-200k 356 $56,380,000 $158,371 $4,981 3.15%
    $400k-600k 316 $151,390,000 $479,082 $8,607 3.10%
    $100,000 or less 26 $2,070,000 $79,615 $4,254 3.31%
    $600k-1MM 26 $18,160,000 $698,462 $12,387 3.16%
    $1MM+ 5 $8,355,000 $1,671,000 $21,803 2.98%

    2021 saw 1st Financial place emphasis on $200k-400k loans with 950 originations, totaling $276,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 450 $114,010,000 $253,356 $7,167 3.13%
    $100k-150k 371 $129,445,000 $348,908 $7,455 3.10%
    $75k-100k 361 $108,425,000 $300,346 $7,206 3.17%
    $50k or less 215 $42,865,000 $199,372 $5,884 3.15%
    $150k-250k 204 $81,520,000 $399,608 $6,828 3.11%
    $250k+ 75 $35,615,000 $474,867 $7,484 3.02%

    1st Financial lent most frequently to those with incomes in the $50k-75k range, with 450 originations. The second most popular income band? $100k-150k, with 371 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 243 $68,665,000 $282,572 $6,153 3.12%
    20-30% 233 $67,455,000 $289,506 $5,745 3.02%
    50-60% 130 $45,190,000 $347,615 $11,663 3.11%
    49% 110 $32,150,000 $292,273 $7,159 3.15%
    44% 104 $31,830,000 $306,058 $7,049 3.25%
    42% 85 $27,515,000 $323,706 $6,882 3.21%
    43% 72 $21,850,000 $303,472 $7,067 3.26%
    41% 68 $20,980,000 $308,529 $6,628 3.27%
    40% 66 $19,940,000 $302,121 $7,092 3.10%
    39% 66 $22,790,000 $345,303 $7,396 3.16%
    45% 65 $19,015,000 $292,538 $7,413 3.20%
    <20% 61 $19,745,000 $323,689 $5,667 2.87%
    48% 60 $18,450,000 $307,500 $7,149 3.17%
    47% 59 $17,965,000 $304,492 $8,147 3.14%
    37% 59 $19,485,000 $330,254 $6,872 3.11%
    36% 56 $16,800,000 $300,000 $6,366 3.18%
    46% 54 $15,720,000 $291,111 $7,846 3.25%
    38% 44 $14,480,000 $329,091 $6,679 3.12%
    >60% 3 $1,175,000 $391,667 $7,597 2.77%

    1st Financial lent most frequently to those with DTI ratios of 30-36%, with 243 originations. The next most common DTI ratio? 20-30%, with 233 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,275 $391,385,000 $306,969 $6,896 3.12%
    Black 288 $90,230,000 $313,299 $7,981 3.18%
    Not provided 95 $24,295,000 $255,737 $6,056 3.07%
    Asian 14 $5,310,000 $379,286 $8,101 2.94%
    Not applicable 4 $850,000 $212,500 $7,667 3.31%
    Native Hawaiian or Islander 1 $365,000 $365,000 $5,882 3.13%
    American Indian 1 $185,000 $185,000 $4,048 3.13%
    Vietnamese 1 $105,000 $105,000 $4,532 3.63%

    Approval Rates

    Total approvals of all applications
    97.19%

    1st Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    56.82%

    1st Financial has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,679 $512,725,000 $305,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,679 $512,725,000 $305,375

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $8,295,000 $184,333 $4,629 2.82%
    40-60% 186 $46,830,000 $251,774 $5,240 2.95%
    60-80% 654 $190,620,000 $291,468 $6,058 3.13%
    80-100% 773 $259,065,000 $335,142 $8,247 3.19%
    Over 100% 20 $7,800,000 $390,000 $14,917 3.08%
    Under 20% 1 $115,000 $115,000 $4,222 2.63%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SOUTHPOINT FINANCIAL SERVICES, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%