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, 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, Washington, and Salem among others. We have data for 7 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
119Origination Dollar Volume (All Markets)
$16,725,000Top 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) | 63 | $8,805,000 | $139,762 | $0 | 0.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 40 | $5,710,000 | $142,750 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Salem, OH (FHA|USDA|VA) | 5 | $265,000 | $53,000 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $5,000 | $5,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $16,725,000 | $140,546 | $0 | 0.00% |
For 2022, First Choice America Community Federal Credit Union's most frequently originated type of loan was Conventional, with 119 originations.
Loan Reason
For 2022, First Choice America Community Federal Credit Union's most frequently cited loan purpose was Refi, with 45 originations. The 2nd most popular reason was Home Purchase, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 119 | $16,725,000 | $140,546 | $0 | 0.00% |
For 2022, First Choice America Community Federal Credit Union's most frequently cited loan duration was Other, with 119 originations.
Loan Sizing
2022 saw First Choice America Community Federal Credit Union place emphasis on $100,000 or less loans with 51 originations, totaling $3,215,000 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 44 originations. The second most popular income band? $50k or less, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 119 | $16,725,000 | $140,546 | $0 | 0.00% |
First Choice America Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 119 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.54%
First Choice America Community Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination94.12%
First Choice America Community Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 119 | $16,725,000 | $140,546 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST GUARANTY MORTGAGE CORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |