Family First Of Ny Mortgage Rates, Fees & Info

Rochester, NY

LEI: 549300EZIROI6ZF7B419

Tax ID: 16-0967546

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

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  • 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

    Family First Of Ny is a smaller mortgage company specializing in Home Purchase loans. Family First Of Ny has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Seneca Falls, Poughkeepsie, Batavia, and Syracuse among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Family First Of Ny 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. Family First Of Ny 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
    Home Equity Line of Credit (HELOC) 5.39% 4/28/24
    30 Year Conventional Purchase 6.51% 4/28/24
    30 Year Conventional Refi 6.45% 4/28/24
    30 Year Cash-out Refi 6.16% 4/28/24
    15 Year Conventional Purchase 6.45% 4/28/24
    15 Year Conventional Refi 6.34% 4/28/24
    15 Year Cash-out Refi 6.34% 4/28/24
    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.

    Family First Of Ny Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Family First Of Ny. 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

    422

    Origination Dollar Volume (All Markets)

    $42,330,000

    Awards

    FAMILY FIRST OF NY 30 Year Conventional Loans gold FAMILY FIRST OF NY 30 Year Conventional Loans bronze
    Show all (2) 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
    ROCHESTER, NY (FHA|USDA|VA) 413 $41,415,000 $100,278 $2,579 5.13%
    Seneca Falls, NY (FHA|USDA|VA) 1 $255,000 $255,000 $4,070 4.75%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $185,000 $185,000 $2,810 5.00%
    Batavia, NY (FHA|USDA|VA) 2 $160,000 $80,000 $1,394 6.75%
    SYRACUSE, NY (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.50%
    Corning, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.75%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.25%
    Outside of Metro Areas 1 $45,000 $45,000 $2,087 4.75%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.00%
    Family First Of Ny's top markets include Rochester, Seneca Falls, Poughkeepsie, Batavia, and Syracuse among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    Pittsford Federal Credit Union
    Similarity Rank: 44
    VISIONS
    Similarity Rank: 75
    Five Star Bank
    Similarity Rank: 104
    USNY Bank
    Similarity Rank: 252
    FAMILY FIRST OF NY
    Similarity Rank: 306
    PARAGON HOME LOANS INC.
    Similarity Rank: 550
    Fairport Savings Bank
    Similarity Rank: 588
    ESL Federal Credit Union
    Similarity Rank: 636
    THE SUMMIT Federal Credit Union
    Similarity Rank: 795
    The Lyons National Bank
    Similarity Rank: 1300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 258 $32,240,000 $124,961 $2,580 5.26%
    HELOC 164 $10,090,000 $61,524 n/a 4.95%

    For 2018, Family First Of Ny's most frequently originated type of loan was Conventional, with 258 originations. Their 2nd most popular type was HELOC, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 198 $26,070,000 $131,667 $2,583 4.73%
    Other 124 $6,760,000 $54,516 $0 5.53%
    Home Improvement 80 $3,890,000 $48,625 $0 5.37%
    Cash Out Refi 19 $5,485,000 $288,684 $2,010 5.79%
    Refi 1 $125,000 $125,000 $0 6.79%

    For 2018, Family First Of Ny's most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Other, with 124 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 172 $10,950,000 $63,663 $2,552 4.93%
    30 Year 141 $19,425,000 $137,766 $2,563 4.74%
    15 Year 67 $10,205,000 $152,313 $3,008 5.56%
    10 Year 33 $1,465,000 $44,394 $1,664 7.02%
    5 Year 9 $285,000 $31,667 $576 5.36%

    For 2018, Family First Of Ny's most frequently cited loan duration was 20 Year, with 172 originations. The 2nd most popular length was 30 Year, with 141 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 118 $15,160,000 $128,475
    $1k-2k 18 $3,430,000 $190,556
    $4k-5k 2 $620,000 $310,000
    $2k-3k 1 $205,000 $205,000

    Family First Of Ny's average total fees were $2,563, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 118 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 240 $23,900,000 $99,583
    5-6% 101 $11,045,000 $109,356
    6-7% 39 $3,575,000 $91,667
    3-4% 24 $3,350,000 $139,583
    7-8% 11 $285,000 $25,909
    Over 8% 7 $175,000 $25,000

    During 2018, Family First Of Ny's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 240 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 256 $12,420,000 $48,516 $2,147 5.36%
    $100k-200k 120 $16,110,000 $134,250 $2,540 4.70%
    $200k-400k 40 $10,500,000 $262,500 $3,436 4.96%
    $400k-600k 4 $1,940,000 $485,000 $0 5.85%
    $600k-1MM 2 $1,360,000 $680,000 $0 5.50%

    2018 saw Family First Of Ny place emphasis on $100,000 or less loans with 256 originations, totaling $12,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 106 $8,780,000 $82,830 $2,598 5.13%
    $50k or less 84 $6,240,000 $74,286 $2,241 4.84%
    $100k-150k 81 $8,305,000 $102,531 $2,919 5.25%
    $75k-100k 68 $5,580,000 $82,059 $2,464 5.16%
    $150k-250k 54 $6,000,000 $111,111 $3,307 5.12%
    $250k+ 8 $1,030,000 $128,750 $3,809 5.00%

    Family First Of Ny lent most frequently to those with incomes in the $50k-75k range, with 106 originations. The second most popular income band? $50k or less, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 98 $8,350,000 $85,204 $2,559 5.10%
    30-36% 81 $7,725,000 $95,370 $2,904 5.09%
    <20% 31 $2,185,000 $70,484 $2,657 4.53%
    41% 19 $1,975,000 $103,947 $2,631 4.94%
    37% 19 $1,355,000 $71,316 $2,538 5.20%
    40% 18 $880,000 $48,889 $2,891 5.54%
    36% 17 $1,225,000 $72,059 $2,120 5.96%
    39% 17 $1,665,000 $97,941 $3,140 5.25%
    42% 15 $1,055,000 $70,333 $2,427 5.75%
    38% 15 $1,345,000 $89,667 $2,152 5.22%
    44% 12 $1,600,000 $133,333 $2,343 4.95%
    45% 11 $1,255,000 $114,091 $2,199 4.89%
    43% 10 $940,000 $94,000 $2,706 4.94%
    49% 10 $1,210,000 $121,000 $2,472 4.71%
    47% 8 $1,100,000 $137,500 $2,431 4.55%
    46% 8 $1,010,000 $126,250 $2,071 4.53%
    48% 6 $910,000 $151,667 $2,820 4.63%
    50-60% 4 $110,000 $27,500 $0 5.62%
    >60% 2 $40,000 $20,000 $0 5.63%

    Family First Of Ny lent most frequently to those with DTI ratios of 20-30%, with 98 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 380 $34,060,000 $89,632 $2,594 5.09%
    Not applicable 21 $6,395,000 $304,524 $0 5.94%
    Black 16 $1,230,000 $76,875 $2,227 5.34%
    Not provided 3 $465,000 $155,000 $3,001 4.63%
    Asian 2 $180,000 $90,000 $2,799 4.69%

    Approval Rates

    Total approvals of all applications
    94.24%

    Family First Of Ny has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.42%

    Family First Of Ny has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 422 $42,330,000 $100,308

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 11 $4,855,000 $441,364
    Single Family (1-4 Units):Manufactured 238 $13,960,000 $58,655
    Single Family (1-4 Units):Site-Built 173 $23,515,000 $135,925

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $5,260,000 $58,444 $2,048 5.16%
    40-60% 30 $3,220,000 $107,333 $2,110 4.70%
    60-80% 66 $12,170,000 $184,394 $2,659 4.97%
    80-100% 133 $18,815,000 $141,466 $2,611 4.79%
    Under 20% 103 $2,865,000 $27,816 $0 5.81%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Family First Funding LLC Conventional home mortgage Closing on a mortgage 1 100.0%