First Choice America Community Federal Credit Union Mortgage Rates, Fees & Info
Weirton, WVLEI: 549300DFQK7P8BBRWA45
Tax ID: 55-0362695
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Choice America Community Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. First Choice America Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Weirton, Wheeling, Pittsburgh, and Salem among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)First Choice America Community Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
54Origination Dollar Volume (All Markets)
$13,300,000Top 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 |
|---|---|---|---|---|---|
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 35 | $10,205,000 | $291,571 | $0 | 0.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 11 | $1,235,000 | $112,273 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $920,000 | $460,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| Salem, OH (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $13,300,000 | $246,296 | $0 | 0.00% |
For 2023, First Choice America Community Federal Credit Union's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
For 2023, First Choice America Community Federal Credit Union's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 54 | $13,300,000 | $246,296 | $0 | 0.00% |
For 2023, First Choice America Community Federal Credit Union's most frequently cited loan duration was Other, with 54 originations.
Loan Sizing
2023 saw First Choice America Community Federal Credit Union place emphasis on $100,000 or less loans with 18 originations, totaling $1,130,000 in origination value.
Applicant Income
First Choice America Community Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $13,300,000 | $246,296 | $0 | 0.00% |
First Choice America Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.94%
First Choice America Community Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination96.30%
First Choice America Community Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 54 | $13,300,000 | $246,296 |