First Choice America Community Federal Credit Union Mortgage Rates, Fees & Info
Weirton, WVLEI: 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, Home Purchase, 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 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 average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
107Origination Dollar Volume (All Markets)
$12,415,000Top 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) | 65 | $7,005,000 | $107,769 | $0 | 0.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 33 | $4,195,000 | $127,121 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $545,000 | $181,667 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 0.00% |
| Salem, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 107 | $12,415,000 | $116,028 | $0 | 0.00% |
For 2019, First Choice America Community Federal Credit Union's most frequently originated type of loan was Conventional, with 107 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 41 | $4,285,000 | $104,512 | $0 | 0.00% |
| Home Purchase | 40 | $5,430,000 | $135,750 | $0 | 0.00% |
| Cash Out Refi | 26 | $2,700,000 | $103,846 | $0 | 0.00% |
For 2019, First Choice America Community Federal Credit Union's most frequently cited loan purpose was Refi, with 41 originations. The 2nd most popular reason was Home Purchase, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 107 | $12,415,000 | $116,028 | $0 | 0.00% |
For 2019, First Choice America Community Federal Credit Union's most frequently cited loan duration was Other, with 107 originations.
Loan Sizing
2019 saw First Choice America Community Federal Credit Union place emphasis on $100,000 or less loans with 57 originations, totaling $3,585,000 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 34 originations. The second most popular income band? $50k or less, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 107 | $12,415,000 | $116,028 | $0 | 0.00% |
First Choice America Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 107 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 106 | $12,140,000 | $114,528 | $0 | 0.00% |
| Asian Indian | 1 | $275,000 | $275,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.46%
First Choice America Community Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.46%
First Choice America Community Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 107 | $12,415,000 | $116,028 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $45,000 | $45,000 |
| Single Family (1-4 Units):Site-Built | 106 | $12,370,000 | $116,698 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
| First Technology Federal Credit Union | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |