First Florida Credit Union Mortgage Rates, Fees & Info

Jacksonville, FL

LEI: 549300EYKSNFOZRIBC29

Tax ID: 59-0705380

5 stars - Updated: 5/25/25 - out of 5 stars, based on 13 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Florida Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. First Florida Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tallahassee, Jacksonville, Miami, Orlando, and Baltimore among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Florida Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Florida Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.85% 5/25/25
    30 Year Conventional Refi 6.98% 5/25/25
    30 Year Cash-out Refi 6.78% 5/25/25
    30 Year VA Purchase 6.11% 5/25/25
    15 Year Conventional Purchase 6.44% 5/25/25
    15 Year Conventional Refi 6.42% 5/25/25
    15 Year Cash-out Refi 6.42% 5/25/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First Florida Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Florida Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    172

    Origination Dollar Volume (All Markets)

    $31,790,000

    Awards

    FIRST FLORIDA Credit Union 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    First Florida Credit Union's average 30 year fixed mortgage rate was 6.79%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.24%.

    Relative Fees (Closing Costs)

    First Florida Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,787.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    TALLAHASSEE, FL (FHA|USDA|VA) 54 $9,290,000 $172,037 $2,575 7.28%
    JACKSONVILLE, FL (FHA|USDA|VA) 55 $8,825,000 $160,455 $2,228 7.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 26 $4,550,000 $175,000 $2,409 7.16%
    Outside of Metro Areas 7 $1,445,000 $206,429 $2,877 7.16%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,340,000 $335,000 $5,922 7.04%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $925,000 $925,000 $12,317 7.13%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $770,000 $385,000 $5,580 6.63%
    Palatka, FL (FHA|USDA|VA) 2 $640,000 $320,000 $6,739 6.31%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $555,000 $185,000 $3,911 7.52%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $455,000 $455,000 $8,703 7.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $450,000 $225,000 $3,107 6.81%
    Boone, NC (FHA|USDA|VA) 1 $425,000 $425,000 $8,032 7.25%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,136 7.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $240,000 $120,000 $2,811 8.21%
    Wauchula, FL (FHA|USDA|VA) 1 $235,000 $235,000 $7,543 6.63%
    SAVANNAH, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,070 6.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,737 6.00%
    Atmore, AL (FHA|USDA|VA) 1 $195,000 $195,000 $5,880 5.88%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $4,376 6.13%
    Lake City, FL (FHA|USDA|VA) 1 $165,000 $165,000 $7,307 6.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $145,000 $145,000 $486 7.15%
    Tupelo, MS (FHA|USDA|VA) 1 $95,000 $95,000 $3,962 7.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,065 6.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $181 8.16%
    OCALA, FL (FHA|USDA|VA) 1 $25,000 $25,000 $341 7.91%
    First Florida Credit Union's top markets include Tallahassee, Jacksonville, Miami, Orlando, and Baltimore among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FIRST FLORIDA Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 84
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 144
    Envision Credit Union
    Similarity Rank: 180
    POWER FINANCIAL
    Similarity Rank: 270
    JAX
    Similarity Rank: 540
    FIRSTBANK PUERTO RICO
    Similarity Rank: 672
    INSIGHT
    Similarity Rank: 721
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 798
    Citizens First Bank
    Similarity Rank: 820
    PARK SQUARE HOME MORTGAGE, LLC
    Similarity Rank: 1043

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 171 $31,465,000 $184,006 $2,836 7.28%
    VA 1 $325,000 $325,000 $8,813 6.13%

    For 2024, First Florida Credit Union's most frequently originated type of loan was Conventional, with 171 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $16,160,000 $310,769 $6,469 6.69%
    Cash Out Refi 49 $7,515,000 $153,367 $2,259 7.41%
    Other 39 $4,035,000 $103,462 $380 7.76%
    Home Improvement 24 $2,260,000 $94,167 $278 7.69%
    Refi 8 $1,820,000 $227,500 $3,911 6.66%

    For 2024, First Florida Credit Union's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 74 $8,370,000 $113,108 $479 7.94%
    30 Year 68 $18,390,000 $270,441 $5,787 6.79%
    Other 17 $1,335,000 $78,529 $495 6.94%
    15 Year 9 $1,525,000 $169,444 $3,836 6.37%
    30+ year 3 $2,105,000 $701,667 $11,674 7.04%
    10 Year 1 $65,000 $65,000 $3,194 5.25%

    For 2024, First Florida Credit Union's most frequently cited loan duration was 20 Year, with 74 originations. The 2nd most popular length was 30 Year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 26 $7,120,000 $273,846
    $1k-2k 18 $3,060,000 $170,000
    $2k-3k 12 $3,150,000 $262,500
    $5k+ 10 $4,720,000 $472,000
    $3k-4k 5 $1,075,000 $215,000
    $4k-5k 5 $1,715,000 $343,000

    First Florida Credit Union's average total fees were $5,787, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 71 $17,205,000 $242,324
    7-8% 66 $9,460,000 $143,333
    Over 8% 26 $2,720,000 $104,615
    5-6% 9 $2,405,000 $267,222

    During 2024, First Florida Credit Union's average interest rate for loans was 6.79%, while their most frequently originated rate bucket for loans was 6-7%, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $8,195,000 $143,772 $2,247 7.26%
    $100,000 or less 56 $3,340,000 $59,643 $474 7.65%
    $200k-400k 46 $12,470,000 $271,087 $4,724 6.95%
    $400k-600k 9 $4,125,000 $458,333 $8,580 6.96%
    $600k-1MM 3 $2,485,000 $828,333 $13,555 6.83%
    $1MM+ 1 $1,175,000 $1,175,000 $9,226 5.75%

    2024 saw First Florida Credit Union place emphasis on $100k-200k loans with 57 originations, totaling $8,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 43 $7,985,000 $185,698 $3,364 7.06%
    $75k-100k 42 $5,720,000 $136,190 $2,508 7.29%
    $150k-250k 33 $8,375,000 $253,788 $3,423 7.40%
    $50k-75k 27 $3,005,000 $111,296 $1,938 7.38%
    $250k+ 15 $5,735,000 $382,333 $4,283 7.22%
    $50k or less 12 $970,000 $80,833 $1,671 7.48%

    First Florida Credit Union lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $75k-100k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $6,115,000 $149,146 $1,989 7.25%
    30-36% 40 $5,450,000 $136,250 $1,757 7.40%
    42% 13 $2,475,000 $190,385 $3,225 7.30%
    43% 12 $2,080,000 $173,333 $2,869 7.40%
    38% 9 $1,475,000 $163,889 $2,237 7.86%
    <20% 8 $1,660,000 $207,500 $4,618 6.91%
    49% 8 $2,340,000 $292,500 $10,697 7.09%
    41% 7 $725,000 $103,571 $1,605 7.35%
    36% 6 $1,020,000 $170,000 $2,084 7.25%
    40% 6 $1,350,000 $225,000 $3,769 7.41%
    45% 5 $2,045,000 $409,000 $7,896 7.03%
    48% 3 $965,000 $321,667 $4,131 7.22%
    39% 3 $1,455,000 $485,000 $3,411 7.36%
    46% 3 $955,000 $318,333 $7,104 6.79%
    44% 3 $775,000 $258,333 $5,200 6.89%
    47% 2 $660,000 $330,000 $2,360 7.27%
    37% 2 $100,000 $50,000 $1,674 5.71%
    50-60% 1 $145,000 $145,000 $6,194 6.50%

    First Florida Credit Union lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 112 $20,150,000 $179,911 $2,879 7.25%
    Black 38 $5,820,000 $153,158 $1,877 7.44%
    Not provided 19 $4,935,000 $259,737 $4,225 7.19%
    Asian 3 $885,000 $295,000 $5,496 6.85%

    Approval Rates

    Total approvals of all applications
    85.99%

    First Florida Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    44.77%

    First Florida Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 172 $31,790,000 $184,826

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    172 $31,790,000 $184,826

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $6,570,000 $136,875 $671 7.78%
    40-60% 20 $3,320,000 $166,000 $2,683 6.86%
    60-80% 29 $9,145,000 $315,345 $5,841 6.74%
    80-100% 32 $9,710,000 $303,438 $7,127 6.81%
    Under 20% 43 $3,045,000 $70,814 $441 7.61%