First Entertainment Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300F6S4S7QMOUVG59

Tax ID: 95-2513485

5 stars - Updated: 12/9/24 - out of 5 stars, based on 23 reviews

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

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Mortgage Data

Review & Overview

First Entertainment is a smaller mortgage company specializing in Home Purchase and Refi loans. First Entertainment has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, Oxnard, Riverside, and Bakersfield among others. We have data for 13 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 average pick rate when compared to similar lenders. First Entertainment is typically an average 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 relatively high 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) 6.27% 12/9/24
30 Year Conventional Purchase 6.00% 12/9/24
30 Year Conventional Refi 6.06% 12/9/24
30 Year Cash-out Refi 6.27% 12/9/24
15 Year Conventional Purchase 5.46% 12/9/24
15 Year Conventional Refi 5.48% 12/9/24
15 Year Cash-out Refi 5.48% 12/9/24
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 Entertainment Mortgage Calculator






Your Estimates

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

This is not an official calculator from First Entertainment. 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

532

Origination Dollar Volume (All Markets)

$203,660,000

Awards

FIRST ENTERTAINMENT 30 Year Conventional Loans gold FIRST ENTERTAINMENT 30 Year Conventional Loans gold FIRST ENTERTAINMENT 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

First Entertainment's average 30 year fixed mortgage rate was 5.76%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.72%.

Relative Fees (Closing Costs)

First Entertainment's average total fees/closing costs for a 30 year fixed rate mortgage were $5,374.

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 $9,089.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 442 $164,960,000 $373,213 $3,812 7.91%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $11,840,000 $1,184,000 $561 6.80%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 31 $10,795,000 $348,226 $3,274 8.04%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 29 $6,565,000 $226,379 $3,051 7.77%
BAKERSFIELD, CA (FHA|USDA|VA) 6 $4,300,000 $716,667 $6,739 6.44%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $1,770,000 $295,000 $0 8.54%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $3,046 4.75%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,130,000 $565,000 $5,391 7.50%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $505,000 $505,000 $2,859 5.63%
STOCKTON, CA (FHA|USDA|VA) 1 $275,000 $275,000 $545 5.88%
Outside of Metro Areas 1 $165,000 $165,000 $2,386 5.13%
FRESNO, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.00%
SALINAS, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.50%
First Entertainment's top markets include Los Angeles, San Diego, Oxnard, Riverside, and Bakersfield among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Similar Lenders

    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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    VENTURA COUNTY
    Similarity Rank: 96
    LBS FINANCIAL
    Similarity Rank: 258
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477
    ALTURA
    Similarity Rank: 560
    LA Financial Federal Credit Union
    Similarity Rank: 660
    FRONTWAVE
    Similarity Rank: 660

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 298 $44,190,000 $148,289 n/a 9.09%
    Conventional 234 $159,470,000 $681,496 $3,685 6.31%

    For 2023, First Entertainment's most frequently originated type of loan was HELOC, with 298 originations. Their 2nd most popular type was Conventional, with 234 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 221 $32,425,000 $146,719 $680 8.79%
    Home Purchase 111 $79,645,000 $717,523 $6,312 6.20%
    Other 106 $15,330,000 $144,623 $600 8.86%
    Refi 77 $49,225,000 $639,286 $2,057 6.66%
    Cash Out Refi 17 $27,035,000 $1,590,294 $0 6.04%

    For 2023, First Entertainment's most frequently cited loan purpose was Home Improvement, with 221 originations. The 2nd most popular reason was Home Purchase, with 111 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 305 $56,865,000 $186,443 $0 9.02%
    30 Year 129 $103,225,000 $800,194 $5,374 5.76%
    20 Year 56 $10,000,000 $178,571 $701 7.27%
    15 Year 20 $2,820,000 $141,000 $807 7.53%
    5 Year 18 $28,230,000 $1,568,333 $0 6.03%
    10 Year 4 $2,520,000 $630,000 $4,093 6.16%

    For 2023, First Entertainment's most frequently cited loan duration was Other, with 305 originations. The 2nd most popular length was 30 Year, with 129 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 186 $104,360,000 $561,075
    $5k+ 31 $45,715,000 $1,474,677
    $2k-3k 6 $3,290,000 $548,333
    $1k-2k 4 $1,740,000 $435,000
    $4k-5k 3 $3,335,000 $1,111,667
    $3k-4k 2 $680,000 $340,000

    First Entertainment's average total fees were $5,374, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 186 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 298 $43,970,000 $147,550
    5-6% 84 $78,520,000 $934,762
    6-7% 74 $48,550,000 $656,081
    7-8% 53 $12,235,000 $230,849
    4-5% 23 $20,385,000 $886,304

    During 2023, First Entertainment's average interest rate for loans was 5.76%, while their most frequently originated rate bucket for loans was Over 8%, with 298 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 140 $18,720,000 $133,714 $1,322 8.76%
    $100,000 or less 132 $8,370,000 $63,409 $521 8.75%
    $200k-400k 112 $29,060,000 $259,464 $2,437 8.09%
    $1MM+ 52 $88,020,000 $1,692,692 $7,442 5.89%
    $400k-600k 50 $24,050,000 $481,000 $4,339 6.61%
    $600k-1MM 46 $35,440,000 $770,435 $5,189 5.66%

    2023 saw First Entertainment place emphasis on $100k-200k loans with 140 originations, totaling $18,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 195 $48,095,000 $246,641 $3,333 8.17%
    $250k+ 138 $82,130,000 $595,145 $4,544 7.62%
    $100k-150k 109 $21,285,000 $195,275 $3,396 8.03%
    $75k-100k 35 $5,285,000 $151,000 $2,848 8.00%
    $50k-75k 22 $2,470,000 $112,273 $1,307 8.11%
    $50k or less 4 $370,000 $92,500 $842 7.56%

    First Entertainment lent most frequently to those with incomes in the $150k-250k range, with 195 originations. The second most popular income band? $250k+, with 138 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 84 $23,600,000 $280,952 $3,679 7.97%
    20-30% 69 $16,575,000 $240,217 $3,320 7.93%
    44% 32 $11,630,000 $363,438 $7,059 8.21%
    46% 30 $9,070,000 $302,333 $4,392 7.94%
    43% 29 $8,705,000 $300,172 $4,499 8.10%
    49% 25 $4,815,000 $192,600 $1,484 8.34%
    37% 24 $12,900,000 $537,500 $4,134 7.48%
    42% 24 $5,180,000 $215,833 $2,564 8.49%
    45% 24 $7,170,000 $298,750 $4,236 8.15%
    48% 22 $5,640,000 $256,364 $1,760 8.04%
    38% 22 $9,440,000 $429,091 $3,185 7.88%
    41% 21 $10,285,000 $489,762 $2,724 7.90%
    47% 21 $6,475,000 $308,333 $4,483 7.89%
    40% 20 $5,960,000 $298,000 $3,411 8.23%
    39% 18 $5,130,000 $285,000 $3,300 8.13%
    36% 17 $8,645,000 $508,529 $2,803 7.71%
    <20% 13 $2,665,000 $205,000 $4,174 7.35%
    50-60% 7 $6,395,000 $913,571 $4,181 5.79%
    >60% 3 $645,000 $215,000 $2,048 7.75%

    First Entertainment lent most frequently to those with DTI ratios of 30-36%, with 84 originations. The next most common DTI ratio? 20-30%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 289 $83,365,000 $288,460 $3,055 8.01%
    Not provided 136 $43,770,000 $321,838 $3,953 8.09%
    Not applicable 28 $42,840,000 $1,530,000 $0 6.13%
    Asian 30 $14,900,000 $496,667 $3,591 6.96%
    Black 34 $12,470,000 $366,765 $6,610 8.30%
    Asian Indian 4 $3,190,000 $797,500 $4,453 6.19%
    American Indian 4 $1,280,000 $320,000 $8,348 8.68%
    1 $725,000 $725,000 $27,008 4.38%
    Native Hawaiian or Islander 2 $520,000 $260,000 $3,402 7.12%
    Filipino 3 $415,000 $138,333 $331 8.58%
    Japanese 1 $185,000 $185,000 $1,353 5.13%

    Approval Rates

    Total approvals of all applications
    75.22%

    First Entertainment has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.80%

    First Entertainment has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    10050.0 1 $1,515,000 $1,515,000
    10500.0 1 $1,605,000 $1,605,000
    11750.0 1 $1,855,000 $1,855,000
    11875.0 1 $1,875,000 $1,875,000
    13437.5 1 $2,185,000 $2,185,000
    14000.0 1 $2,305,000 $2,305,000
    14140.0 1 $2,325,000 $2,325,000
    14300.0 1 $2,365,000 $2,365,000
    14500.0 1 $2,405,000 $2,405,000
    15450.0 1 $2,595,000 $2,595,000
    16050.0 1 $2,715,000 $2,715,000
    16725.0 1 $2,845,000 $2,845,000
    5085.0 1 $515,000 $515,000
    6350.0 1 $775,000 $775,000
    6850.0 1 $875,000 $875,000
    6920.0 1 $885,000 $885,000
    7500.0 2 $2,010,000 $1,005,000
    7800.0 1 $1,065,000 $1,065,000
    8250.0 2 $2,310,000 $1,155,000
    8300.0 1 $1,165,000 $1,165,000
    8425.0 1 $1,185,000 $1,185,000
    9000.0 2 $2,610,000 $1,305,000
    9060.0 1 $1,315,000 $1,315,000
    9675.0 1 $1,435,000 $1,435,000
    NA 505 $160,925,000 $318,663

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    532 $203,660,000 $382,820

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $26,775,000 $338,924 $2,690 7.76%
    40-60% 38 $34,500,000 $907,895 $3,943 6.09%
    60-80% 57 $65,165,000 $1,143,246 $6,078 5.86%
    80-100% 44 $36,360,000 $826,364 $6,247 5.75%
    Under 20% 314 $40,860,000 $130,127 $655 8.77%