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

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

    Family First Of Ny is a smaller mortgage company specializing in Refi and Home Purchase loans. Family First Of Ny has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Buffalo, Syracuse, Batavia, and New York among others. We have data for 8 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 a below 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.

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    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

    464

    Origination Dollar Volume (All Markets)

    $59,820,000

    Awards

    FAMILY FIRST OF NY 30 Year Conventional Loans gold
    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
    ROCHESTER, NY (FHA|USDA|VA) 443 $56,815,000 $128,251 $2,405 3.82%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 8 $1,480,000 $185,000 $3,583 4.45%
    SYRACUSE, NY (FHA|USDA|VA) 4 $730,000 $182,500 $3,847 3.70%
    Batavia, NY (FHA|USDA|VA) 5 $545,000 $109,000 $2,581 3.46%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.95%
    Cortland, NY (FHA|USDA|VA) 1 $65,000 $65,000 $2,542 3.00%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.50%
    Outside of Metro Areas 1 $45,000 $45,000 $10 7.25%
    Family First Of Ny's top markets include Rochester, Buffalo, Syracuse, Batavia, and New York among others.

    Their top states include:
  • New York (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: 52
    ESL Federal Credit Union
    Similarity Rank: 256
    VISIONS
    Similarity Rank: 260
    FAMILY FIRST OF NY
    Similarity Rank: 424
    Five Star Bank
    Similarity Rank: 455
    RELIANT COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 495
    THE SUMMIT Federal Credit Union
    Similarity Rank: 592
    The Lyons National Bank
    Similarity Rank: 1560
    PARAGON HOME LOANS INC.
    Similarity Rank: 1736
    Community Bank
    Similarity Rank: 2200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 280 $47,910,000 $171,107 $2,405 3.75%
    HELOC 184 $11,910,000 $64,728 n/a 3.96%

    For 2021, Family First Of Ny's most frequently originated type of loan was Conventional, with 280 originations. Their 2nd most popular type was HELOC, with 184 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 134 $25,490,000 $190,224 $2,610 3.60%
    Home Improvement 117 $6,565,000 $56,111 $29 4.31%
    Home Purchase 106 $17,430,000 $164,434 $2,847 3.48%
    Other 80 $5,890,000 $73,625 $0 4.30%
    Cash Out Refi 27 $4,445,000 $164,630 $2,851 3.01%

    For 2021, Family First Of Ny's most frequently cited loan purpose was Refi, with 134 originations. The 2nd most popular reason was Home Improvement, with 117 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 291 $28,355,000 $97,440 $2,835 3.70%
    15 Year 125 $26,815,000 $214,520 $2,407 3.79%
    10 Year 24 $1,490,000 $62,083 $443 5.96%
    20 Year 13 $1,975,000 $151,923 $3,047 3.03%
    Other 7 $995,000 $142,143 $2,515 4.09%
    5 Year 4 $190,000 $47,500 $364 4.12%

    For 2021, Family First Of Ny's most frequently cited loan duration was 30 Year, with 291 originations. The 2nd most popular length was 15 Year, with 125 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 133 $15,905,000 $119,586
    $1k-2k 71 $10,365,000 $145,986
    $2k-3k 10 $1,820,000 $182,000
    $3k-4k 5 $1,055,000 $211,000
    $4k-5k 1 $195,000 $195,000
    $5k+ 1 $375,000 $375,000

    Family First Of Ny's average total fees were $2,835, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 133 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 266 $24,860,000 $93,459
    2.5-3% 76 $11,190,000 $147,237
    4-5% 63 $17,885,000 $283,889
    <2.5% 28 $3,510,000 $125,357
    5-6% 20 $1,950,000 $97,500
    Over 8% 6 $230,000 $38,333
    7-8% 3 $105,000 $35,000
    6-7% 2 $90,000 $45,000

    During 2021, Family First Of Ny's average interest rate for loans was 3.70%, while their most frequently originated rate bucket for loans was 3-4%, with 266 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 231 $11,965,000 $51,797 $1,390 4.13%
    $100k-200k 169 $23,915,000 $141,509 $2,708 3.40%
    $200k-400k 49 $12,845,000 $262,143 $3,429 3.72%
    $400k-600k 8 $4,080,000 $510,000 $3,795 4.42%
    $600k-1MM 4 $2,960,000 $740,000 $0 4.68%
    $1MM+ 3 $4,055,000 $1,351,667 $0 4.72%

    2021 saw Family First Of Ny place emphasis on $100,000 or less loans with 231 originations, totaling $11,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 114 $10,730,000 $94,123 $2,466 3.52%
    $100k-150k 92 $10,370,000 $112,717 $2,798 3.68%
    $75k-100k 73 $7,055,000 $96,644 $2,090 3.91%
    $50k or less 58 $5,420,000 $93,448 $2,280 3.64%
    $150k-250k 51 $5,845,000 $114,608 $2,230 3.82%
    $250k+ 17 $2,205,000 $129,706 $2,180 3.75%

    Family First Of Ny lent most frequently to those with incomes in the $50k-75k range, with 114 originations. The second most popular income band? $100k-150k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 120 $12,280,000 $102,333 $2,588 3.63%
    30-36% 89 $7,875,000 $88,483 $2,195 3.83%
    <20% 36 $3,030,000 $84,167 $2,427 3.62%
    41% 19 $1,815,000 $95,526 $2,519 4.25%
    44% 17 $2,295,000 $135,000 $2,270 3.74%
    43% 17 $1,505,000 $88,529 $1,533 3.70%
    42% 14 $1,820,000 $130,000 $2,344 3.48%
    38% 14 $1,520,000 $108,571 $2,703 3.48%
    37% 13 $1,235,000 $95,000 $2,454 3.38%
    45% 12 $950,000 $79,167 $1,307 4.47%
    39% 11 $1,325,000 $120,455 $2,292 3.71%
    36% 10 $1,150,000 $115,000 $2,734 3.61%
    40% 8 $1,470,000 $183,750 $2,746 3.83%
    46% 7 $825,000 $117,857 $2,691 3.15%
    47% 6 $1,050,000 $175,000 $3,669 3.00%
    48% 5 $835,000 $167,000 $4,143 3.14%
    49% 5 $555,000 $111,000 $1,533 3.08%
    50-60% 2 $90,000 $45,000 $0 3.95%

    Family First Of Ny lent most frequently to those with DTI ratios of 20-30%, with 120 originations. The next most common DTI ratio? 30-36%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 360 $37,150,000 $103,194 $2,413 3.72%
    Not applicable 59 $18,195,000 $308,390 $0 4.82%
    Black 29 $2,315,000 $79,828 $2,189 3.73%
    Asian 15 $2,135,000 $142,333 $2,567 3.01%
    Not provided 1 $25,000 $25,000 $0 3.95%

    Approval Rates

    Total approvals of all applications
    90.00%

    Family First Of Ny has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.58%

    Family First Of Ny has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 464 $59,820,000 $128,922

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    464 $59,820,000 $128,922

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $4,845,000 $59,815 $471 4.33%
    40-60% 59 $7,545,000 $127,881 $2,459 3.35%
    60-80% 135 $29,875,000 $221,296 $2,738 3.67%
    80-100% 89 $14,135,000 $158,820 $2,874 3.52%
    Under 20% 100 $3,420,000 $34,200 $5 4.21%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Family First Funding LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Family First Funding LLC FHA mortgage Trouble during payment process 1 50.0%