First Entertainment Mortgage Rates, Fees & InfoLos Angeles, CA
Tax ID: 95-2513485
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewFirst Entertainment is a smaller mortgage company specializing in Home Improvement, Refi, and Home Purchase loans. First Entertainment has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Oxnard, San Diego, and Bakersfield among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)
First Entertainment has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First Entertainment 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||3/23/23|
|30 Year Conventional Purchase||6.00%||3/23/23|
|30 Year Conventional Refi||6.06%||3/23/23|
|30 Year Cash-out Refi||6.27%||3/23/23|
|15 Year Conventional Purchase||5.46%||3/23/23|
|15 Year Conventional Refi||5.48%||3/23/23|
|15 Year Cash-out Refi||5.48%||3/23/23|
|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.|
Origination Dollar Volume (All Markets)$254,985,000
First Entertainment's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.81%.
Relative Fees (Closing Costs)
First Entertainment's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,100.
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 $4,750.
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|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||657||$214,375,000||$326,294||$3,694||4.98%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||44||$11,830,000||$268,864||$3,611||4.92%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||39||$10,045,000||$257,564||$4,101||5.53%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||5||$4,465,000||$893,000||$5,254||4.72%|
|BAKERSFIELD, CA (FHA|USDA|VA)||11||$3,565,000||$324,091||$3,567||5.03%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||2||$2,710,000||$1,355,000||$2,646||4.06%|
|Outside of Metro Areas||3||$2,435,000||$811,667||$6,506||3.46%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||5||$2,205,000||$441,000||$3,861||4.93%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||1||$1,125,000||$1,125,000||$2,528||3.25%|
|VISALIA, CA (FHA|USDA|VA)||2||$550,000||$275,000||$4,403||4.50%|
|Eureka-Arcata, CA (FHA|USDA|VA)||1||$545,000||$545,000||$6,191||5.00%|
|SALINAS, CA (FHA|USDA|VA)||1||$425,000||$425,000||$6,598||2.75%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||2||$280,000||$140,000||$0||5.75%|
|SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA)||2||$190,000||$95,000||$0||5.38%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||1||$185,000||$185,000||$2,014||4.38%|
|Truckee-Grass Valley, CA (FHA|USDA|VA)||1||$55,000||$55,000||$0||4.50%|
Their top states include:
We use machine learning to identify the top lenders compared against FIRST ENTERTAINMENT based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 316
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, First Entertainment's most frequently originated type of loan was HELOC, with 488 originations. Their 2nd most popular type was Conventional, with 289 originations.
For 2022, First Entertainment's most frequently cited loan purpose was Home Improvement, with 323 originations. The 2nd most popular reason was Refi, with 181 originations.
For 2022, First Entertainment's most frequently cited loan duration was Other, with 495 originations. The 2nd most popular length was 30 Year, with 228 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
First Entertainment's average total fees were $4,100, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 234 originations.
During 2022, First Entertainment's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 208 originations.
2022 saw First Entertainment place emphasis on $200k-400k loans with 220 originations, totaling $58,580,000 in origination value.
First Entertainment lent most frequently to those with incomes in the $150k-250k range, with 293 originations. The second most popular income band? $100k-150k, with 192 originations.
Applicant Debt to Income Ratio
First Entertainment lent most frequently to those with DTI ratios of 30-36%, with 146 originations. The next most common DTI ratio? 20-30%, with 127 originations.
Approval RatesTotal approvals of all applications
First Entertainment has a below average approval rate.
Pick RateApprovals leading to origination
First Entertainment has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|FIRST GUARANTY MORTGAGE CORP||Conventional home mortgage||Struggling to pay mortgage||1||100.0%|