First Entertainment Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300F6S4S7QMOUVG59

Tax ID: 95-2513485

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

    First Entertainment is a smaller mortgage company specializing in 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 Francisco, and San Diego among others. We have data for 12 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 a below 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 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) 6.27% 12/16/24
    30 Year Conventional Purchase 6.00% 12/16/24
    30 Year Conventional Refi 6.06% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.46% 12/16/24
    15 Year Conventional Refi 5.48% 12/16/24
    15 Year Cash-out Refi 5.48% 12/16/24
    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

    204

    Origination Dollar Volume (All Markets)

    $102,870,000

    Awards

    FIRST ENTERTAINMENT 30 Year Conventional Loans silver FIRST ENTERTAINMENT 30 Year Conventional Loans gold
    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 170 $88,830,000 $522,529 $6,699 4.22%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 13 $3,345,000 $257,308 $6,614 4.27%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $3,250,000 $406,250 $4,672 3.95%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,960,000 $980,000 $11,877 4.69%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,765,000 $588,333 $8,425 4.71%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,760,000 $880,000 $21,873 4.31%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $565,000 $565,000 $2,518 3.38%
    Outside of Metro Areas 1 $395,000 $395,000 $0 3.75%
    FRESNO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $7,943 4.88%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $7,019 4.50%
    MADERA, CA (FHA|USDA|VA) 1 $225,000 $225,000 $5,245 3.75%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $145,000 $145,000 $2,344 4.88%
    First Entertainment's top markets include Los Angeles, Riverside, Oxnard, San Francisco, and San Diego 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.

    FRONTWAVE
    Similarity Rank: 92
    Montecito Bank & Trust
    Similarity Rank: 126
    CBC Federal Credit Union
    Similarity Rank: 189
    LBS FINANCIAL
    Similarity Rank: 210
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 732

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 204 $102,870,000 $504,265 $6,843 4.22%

    For 2018, First Entertainment's most frequently originated type of loan was Conventional, with 204 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 124 $59,280,000 $478,065 $5,270 4.13%
    Home Purchase 79 $43,205,000 $546,899 $9,148 4.36%
    Cash Out Refi 1 $385,000 $385,000 $7,005 3.88%

    For 2018, First Entertainment's most frequently cited loan purpose was Refi, with 124 originations. The 2nd most popular reason was Home Purchase, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 169 $92,625,000 $548,077 $7,225 4.24%
    15 Year 12 $3,020,000 $251,667 $3,387 4.17%
    20 Year 10 $2,960,000 $296,000 $4,597 4.20%
    10 Year 7 $1,175,000 $167,857 $2,295 3.70%
    Other 6 $3,090,000 $515,000 $11,171 4.29%

    For 2018, First Entertainment's most frequently cited loan duration was 30 Year, with 169 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 70 $35,910,000 $513,000
    $5k+ 46 $29,900,000 $650,000
    $1k-2k 41 $9,945,000 $242,561
    $2k-3k 18 $7,480,000 $415,556
    $4k-5k 13 $7,605,000 $585,000
    $3k-4k 11 $6,535,000 $594,091

    First Entertainment's average total fees were $7,225, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 70 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 105 $51,605,000 $491,476
    3-4% 98 $50,780,000 $518,163
    5-6% 1 $485,000 $485,000

    During 2018, First Entertainment's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 4-5%, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 69 $21,505,000 $311,667 $5,269 4.22%
    $400k-600k 51 $24,645,000 $483,235 $7,429 4.18%
    $600k-1MM 34 $26,190,000 $770,294 $9,863 4.32%
    $100k-200k 30 $4,480,000 $149,333 $2,869 4.15%
    $1MM+ 20 $26,050,000 $1,302,500 $11,393 4.27%

    2018 saw First Entertainment place emphasis on $200k-400k loans with 69 originations, totaling $21,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 61 $34,315,000 $562,541 $6,244 4.21%
    $100k-150k 45 $17,855,000 $396,778 $7,120 4.22%
    $250k+ 42 $36,050,000 $858,333 $10,703 4.16%
    $75k-100k 26 $8,210,000 $315,769 $4,993 4.41%
    $50k-75k 20 $4,510,000 $225,500 $3,677 4.17%
    $50k or less 10 $1,930,000 $193,000 $4,003 4.16%

    First Entertainment lent most frequently to those with incomes in the $150k-250k range, with 61 originations. The second most popular income band? $100k-150k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 42 $20,630,000 $491,190 $6,410 4.04%
    20-30% 40 $18,560,000 $464,000 $6,674 4.28%
    41% 11 $3,955,000 $359,545 $6,957 4.16%
    <20% 11 $5,245,000 $476,818 $6,631 4.22%
    42% 9 $4,825,000 $536,111 $8,229 4.64%
    38% 9 $3,885,000 $431,667 $4,983 4.44%
    46% 9 $5,085,000 $565,000 $6,175 4.22%
    49% 9 $4,525,000 $502,778 $7,487 4.53%
    50-60% 9 $4,265,000 $473,889 $8,460 4.15%
    44% 8 $3,850,000 $481,250 $7,355 4.53%
    >60% 8 $6,490,000 $811,250 $9,807 3.98%
    36% 7 $3,055,000 $436,429 $6,670 4.09%
    45% 7 $2,435,000 $347,857 $4,882 4.39%
    47% 7 $3,595,000 $513,571 $5,607 4.21%
    39% 5 $2,765,000 $553,000 $7,571 4.33%
    48% 4 $3,570,000 $892,500 $3,187 3.84%
    37% 3 $1,805,000 $601,667 $4,410 4.29%
    43% 3 $2,075,000 $691,667 $6,142 3.75%
    40% 1 $1,265,000 $1,265,000 $16,624 4.25%

    First Entertainment lent most frequently to those with DTI ratios of 30-36%, with 42 originations. The next most common DTI ratio? 20-30%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $50,440,000 $536,596 $7,302 4.27%
    Not provided 95 $45,115,000 $474,895 $6,397 4.20%
    Asian 8 $3,080,000 $385,000 $6,480 3.94%
    Black 5 $2,825,000 $565,000 $7,795 4.15%
    American Indian 1 $1,065,000 $1,065,000 $5,876 4.75%
    Native Hawaiian or Islander 1 $345,000 $345,000 $3,468 4.38%

    Approval Rates

    Total approvals of all applications
    87.89%

    First Entertainment has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -3.43%

    First Entertainment 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
    NA 204 $102,870,000 $504,265

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 204 $102,870,000 $504,265

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $15,700,000 $356,818 $4,579 4.05%
    40-60% 52 $25,870,000 $497,500 $5,876 4.16%
    60-80% 74 $45,370,000 $613,108 $8,771 4.25%
    80-100% 26 $14,540,000 $559,231 $8,723 4.50%
    Under 20% 8 $1,390,000 $173,750 $2,564 4.30%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRSTBANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%
    FIRSTBANK Conventional home mortgage Closing on a mortgage 1 33.3%
    FIRSTBANK Other type of mortgage Trouble during payment process 1 33.3%