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 Home Purchase, Refi, and Cash Out Refi 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 4 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
130Origination Dollar Volume (All Markets)
$18,490,000Top 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) | 73 | $8,335,000 | $114,178 | $0 | 0.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 48 | $6,380,000 | $132,917 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 7 | $3,345,000 | $477,857 | $0 | 0.00% |
| Salem, OH (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $18,490,000 | $142,231 | $0 | 0.00% |
For 2018, First Choice America Community Federal Credit Union's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
For 2018, First Choice America Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 47 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $18,490,000 | $142,231 | $0 | 0.00% |
For 2018, First Choice America Community Federal Credit Union's most frequently cited loan duration was Other, with 130 originations.
Loan Sizing
2018 saw First Choice America Community Federal Credit Union place emphasis on $100,000 or less loans with 61 originations, totaling $4,005,000 in origination value.
Applicant Income
First Choice America Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $100k-150k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 130 | $18,490,000 | $142,231 | $0 | 0.00% |
First Choice America Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 130 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 129 | $15,915,000 | $123,372 | $0 | 0.00% |
| Asian | 1 | $2,575,000 | $2,575,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.45%
First Choice America Community Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination95.38%
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 | 130 | $18,490,000 | $142,231 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $240,000 | $120,000 |
| Single Family (1-4 Units):Site-Built | 128 | $18,250,000 | $142,578 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| First Technology Federal Credit Union | Other type of mortgage | Trouble during payment process | 1 | 50.0% |