First Florida Credit Union Mortgage Rates, Fees & Info

Jacksonville, FL

LEI: 549300EYKSNFOZRIBC29

Tax ID: 59-0705380

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Cash Out Refi, Refi, and Home Purchase loans. First Florida Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Tallahassee, Miami, Orlando, and Tampa among others. We have data for 34 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 6.98% 11/17/24
    30 Year Conventional Refi 6.81% 11/17/24
    30 Year Cash-out Refi 6.92% 11/17/24
    30 Year FHA Purchase 6.27% 11/17/24
    30 Year VA Purchase 6.44% 11/17/24
    15 Year Conventional Purchase 6.39% 11/17/24
    15 Year Conventional Refi 6.15% 11/17/24
    15 Year Cash-out Refi 6.15% 11/17/24
    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

    529

    Origination Dollar Volume (All Markets)

    $92,055,000

    Awards

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

    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
    JACKSONVILLE, FL (FHA|USDA|VA) 137 $25,385,000 $185,292 $2,627 3.37%
    TALLAHASSEE, FL (FHA|USDA|VA) 154 $24,670,000 $160,195 $2,826 3.03%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 92 $17,660,000 $191,957 $3,049 3.06%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 48 $8,500,000 $177,083 $3,280 3.24%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $2,520,000 $180,000 $2,734 3.03%
    Outside of Metro Areas 16 $2,290,000 $143,125 $4,244 2.86%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $1,480,000 $148,000 $3,766 3.24%
    GAINESVILLE, FL (FHA|USDA|VA) 7 $1,125,000 $160,714 $3,063 3.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $1,055,000 $150,714 $2,670 2.89%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $730,000 $182,500 $2,518 3.17%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $720,000 $180,000 $1,774 3.71%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $680,000 $170,000 $2,906 2.94%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $630,000 $315,000 $6,619 3.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $500,000 $250,000 $3,667 3.31%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $495,000 $495,000 $4,728 3.00%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $395,000 $131,667 $3,743 3.04%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,995 2.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $310,000 $155,000 $3,811 2.63%
    VALDOSTA, GA (FHA|USDA|VA) 1 $265,000 $265,000 $7,646 3.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,293 3.38%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $240,000 $120,000 $3,839 3.19%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $220,000 $110,000 $3,988 3.06%
    Key West, FL (FHA|USDA|VA) 2 $210,000 $105,000 $1,546 3.27%
    Moultrie, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,308 4.38%
    OCALA, FL (FHA|USDA|VA) 2 $190,000 $95,000 $2,817 2.94%
    Palatka, FL (FHA|USDA|VA) 1 $185,000 $185,000 $6,209 3.88%
    North Platte, NE (FHA|USDA|VA) 1 $155,000 $155,000 $2,032 3.38%
    Thomasville, GA (FHA|USDA|VA) 1 $135,000 $135,000 $1,788 2.38%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $115,000 $115,000 $3,869 3.50%
    Sevierville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $925 4.16%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.50%
    Lake City, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $45,000 $45,000 $253 2.25%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $35,000 $35,000 $228 4.66%
    First Florida Credit Union's top markets include Jacksonville, Tallahassee, Miami, Orlando, and Tampa among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Indiana (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: 167
    Gulf Winds Credit Union
    Similarity Rank: 240
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 483
    Envision Credit Union
    Similarity Rank: 561
    POWER FINANCIAL
    Similarity Rank: 768
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1272
    Citizens First Bank
    Similarity Rank: 1696
    We Florida Financial
    Similarity Rank: 1770
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 2134
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 2205

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 517 $89,015,000 $172,176 $2,870 3.18%
    VA 12 $3,040,000 $253,333 $6,369 3.10%

    For 2021, First Florida Credit Union's most frequently originated type of loan was Conventional, with 517 originations. Their 2nd most popular type was VA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 201 $34,005,000 $169,179 $2,671 3.07%
    Refi 165 $27,925,000 $169,242 $2,773 2.82%
    Home Purchase 87 $21,075,000 $242,241 $5,331 3.48%
    Home Improvement 52 $7,440,000 $143,077 $2,194 3.72%
    Other 24 $1,610,000 $67,083 $208 4.24%

    For 2021, First Florida Credit Union's most frequently cited loan purpose was Cash Out Refi, with 201 originations. The 2nd most popular reason was Refi, with 165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 215 $48,745,000 $226,721 $4,476 3.24%
    15 Year 101 $17,455,000 $172,822 $3,382 2.70%
    Other 90 $12,090,000 $134,333 $860 2.81%
    20 Year 85 $9,995,000 $117,588 $1,759 4.16%
    10 Year 38 $3,770,000 $99,211 $652 2.77%

    For 2021, First Florida Credit Union's most frequently cited loan duration was 30 Year, with 215 originations. The 2nd most popular length was 15 Year, with 101 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 149 $30,465,000 $204,463
    $1k-2k 108 $20,470,000 $189,537
    $2k-3k 46 $9,190,000 $199,783
    $3k-4k 29 $6,855,000 $236,379
    $5k+ 17 $5,215,000 $306,765
    $4k-5k 13 $3,115,000 $239,615

    First Florida Credit Union's average total fees were $4,476, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 149 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 217 $38,635,000 $178,041
    3-4% 172 $38,350,000 $222,965
    <2.5% 78 $9,580,000 $122,821
    4-5% 42 $4,110,000 $97,857
    5-6% 16 $1,120,000 $70,000
    6-7% 2 $120,000 $60,000
    7-8% 2 $140,000 $70,000

    During 2021, First Florida Credit Union's average interest rate for loans was 3.24%, while their most frequently originated rate bucket for loans was 2.5-3%, with 217 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 220 $31,560,000 $143,455 $2,543 3.00%
    $200k-400k 169 $44,585,000 $263,817 $4,560 3.16%
    $100,000 or less 126 $8,250,000 $65,476 $925 3.49%
    $400k-600k 11 $5,225,000 $475,000 $7,592 3.24%
    $600k-1MM 2 $1,390,000 $695,000 $5,075 3.56%
    $1MM+ 1 $1,045,000 $1,045,000 $7,692 3.25%

    2021 saw First Florida Credit Union place emphasis on $100k-200k loans with 220 originations, totaling $31,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 146 $21,730,000 $148,836 $3,008 3.21%
    $100k-150k 128 $24,850,000 $194,141 $2,979 3.23%
    $75k-100k 108 $18,960,000 $175,556 $3,012 3.18%
    $50k or less 77 $8,855,000 $115,000 $2,477 3.01%
    $150k-250k 51 $11,745,000 $230,294 $3,162 3.25%
    $250k+ 12 $4,780,000 $398,333 $4,378 3.18%

    First Florida Credit Union lent most frequently to those with incomes in the $50k-75k range, with 146 originations. The second most popular income band? $100k-150k, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 138 $22,990,000 $166,594 $2,671 3.18%
    30-36% 104 $18,170,000 $174,712 $2,861 3.18%
    <20% 48 $6,010,000 $125,208 $2,272 2.83%
    42% 26 $4,170,000 $160,385 $1,839 3.32%
    41% 22 $2,790,000 $126,818 $2,404 3.52%
    44% 22 $3,930,000 $178,636 $3,901 3.36%
    43% 21 $4,555,000 $216,905 $3,021 3.14%
    36% 21 $2,995,000 $142,619 $2,738 3.05%
    37% 20 $3,810,000 $190,500 $2,922 3.38%
    39% 17 $3,095,000 $182,059 $2,881 3.32%
    40% 17 $3,145,000 $185,000 $2,818 3.09%
    38% 15 $2,325,000 $155,000 $3,473 3.25%
    49% 14 $3,310,000 $236,429 $4,326 3.15%
    48% 10 $2,740,000 $274,000 $6,066 3.04%
    46% 9 $2,235,000 $248,333 $4,635 2.92%
    45% 9 $1,955,000 $217,222 $4,015 3.31%
    47% 8 $1,730,000 $216,250 $4,104 3.07%
    50-60% 6 $1,550,000 $258,333 $4,659 3.49%

    First Florida Credit Union lent most frequently to those with DTI ratios of 20-30%, with 138 originations. The next most common DTI ratio? 30-36%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 316 $55,480,000 $175,570 $3,028 3.19%
    Not provided 100 $18,170,000 $181,700 $3,309 3.21%
    Black 98 $16,390,000 $167,245 $2,514 3.16%
    Asian 12 $1,800,000 $150,000 $2,227 2.98%
    Other Asian 2 $140,000 $70,000 $260 2.58%
    Native Hawaiian or Islander 1 $75,000 $75,000 $235 2.25%

    Approval Rates

    Total approvals of all applications
    89.00%

    First Florida Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    55.01%

    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
    2351.39 1 $75,000 $75,000
    3990.6 1 $145,000 $145,000
    799.0 5 $285,000 $57,000
    NA 522 $91,550,000 $175,383

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    529 $92,055,000 $174,017

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $7,835,000 $99,177 $1,197 2.98%
    40-60% 130 $19,950,000 $153,462 $2,468 2.91%
    60-80% 175 $36,565,000 $208,943 $3,669 3.12%
    80-100% 99 $25,225,000 $254,798 $5,062 3.41%
    Under 20% 46 $2,480,000 $53,913 $252 4.01%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 14.3%
    First Technology Federal Credit Union Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Closing on a mortgage 1 14.3%
    First Technology Federal Credit Union Other type of mortgage Trouble during payment process 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 2 28.6%
    First Technology Federal Credit Union FHA mortgage Struggling to pay mortgage 1 14.3%