First Choice America Community Federal Credit Union Mortgage Rates, Fees & Info

Weirton, WV

LEI: 549300DFQK7P8BBRWA45

Tax ID: 55-0362695

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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

54

Origination Dollar Volume (All Markets)

$13,300,000

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
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%
First Choice America Community Federal Credit Union's top markets include Weirton, Wheeling, Pittsburgh, and Salem among others.

Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 27 $7,715,000 $285,741 $0 0.00%
    Home Purchase 20 $4,250,000 $212,500 $0 0.00%
    Cash Out Refi 4 $380,000 $95,000 $0 0.00%
    Other 3 $955,000 $318,333 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $1,130,000 $62,778 $0 0.00%
    $100k-200k 14 $1,730,000 $123,571 $0 0.00%
    $600k-1MM 10 $6,250,000 $625,000 $0 0.00%
    $200k-400k 9 $2,735,000 $303,889 $0 0.00%
    $400k-600k 3 $1,455,000 $485,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 12 $1,800,000 $150,000 $0 0.00%
    $50k or less 9 $595,000 $66,111 $0 0.00%
    $50k-75k 8 $550,000 $68,750 $0 0.00%
    $150k-250k 4 $1,140,000 $285,000 $0 0.00%
    $250k+ 3 $805,000 $268,333 $0 0.00%
    $100k-150k 2 $180,000 $90,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 16 $8,230,000 $514,375 $0 0.00%
    White 36 $4,570,000 $126,944 $0 0.00%
    Asian 2 $500,000 $250,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.94%

    First Choice America Community Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.30%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    54 $13,300,000 $246,296