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

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

    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, Oxnard, Riverside, San Diego, and San Luis Obispo among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Entertainment 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. 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% 11/17/24
    30 Year Conventional Purchase 6.00% 11/17/24
    30 Year Conventional Refi 6.06% 11/17/24
    30 Year Cash-out Refi 6.27% 11/17/24
    15 Year Conventional Purchase 5.46% 11/17/24
    15 Year Conventional Refi 5.48% 11/17/24
    15 Year Cash-out Refi 5.48% 11/17/24
    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

    431

    Origination Dollar Volume (All Markets)

    $226,785,000

    Awards

    FIRST ENTERTAINMENT 30 Year Conventional Loans gold FIRST ENTERTAINMENT 30 Year Conventional Loans gold FIRST ENTERTAINMENT 30 Year Conventional Loans gold FIRST ENTERTAINMENT 30 Year Conventional Loans gold
    Show all (4) 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) 366 $196,110,000 $535,820 $5,166 3.61%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 17 $11,015,000 $647,941 $4,223 3.56%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 20 $6,350,000 $317,500 $5,440 3.58%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $4,575,000 $653,571 $7,130 3.71%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $2,180,000 $545,000 $7,064 3.44%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $2,005,000 $668,333 $4,310 3.71%
    Outside of Metro Areas 4 $1,630,000 $407,500 $8,735 3.81%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $755,000 $755,000 $7,230 3.38%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $755,000 $755,000 $6,867 4.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $430,000 $215,000 $6,950 3.75%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $330,000 $165,000 $7,117 3.19%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,056 3.00%
    FRESNO, CA (FHA|USDA|VA) 2 $250,000 $125,000 $4,787 3.50%
    MODESTO, CA (FHA|USDA|VA) 1 $145,000 $145,000 $1,917 3.50%
    First Entertainment's top markets include Los Angeles, Oxnard, Riverside, San Diego, and San Luis Obispo 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.

    Christian Community Credit Union
    Similarity Rank: 220
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 431 $226,785,000 $526,183 $5,230 3.61%

    For 2019, First Entertainment's most frequently originated type of loan was Conventional, with 431 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 312 $158,760,000 $508,846 $4,083 3.57%
    Home Purchase 119 $68,025,000 $571,639 $8,236 3.72%

    For 2019, First Entertainment's most frequently cited loan purpose was Refi, with 312 originations. The 2nd most popular reason was Home Purchase, with 119 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 373 $207,445,000 $556,153 $5,501 3.66%
    15 Year 36 $10,750,000 $298,611 $3,294 3.23%
    20 Year 14 $5,340,000 $381,429 $3,266 3.44%
    10 Year 4 $570,000 $142,500 $2,722 3.38%
    Other 4 $2,680,000 $670,000 $6,716 3.41%

    For 2019, First Entertainment's most frequently cited loan duration was 30 Year, with 373 originations. The 2nd most popular length was 15 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 235 $138,415,000 $589,000
    $5k+ 62 $37,480,000 $604,516
    $2k-3k 45 $18,845,000 $418,778
    $1k-2k 44 $12,430,000 $282,500
    $3k-4k 29 $12,885,000 $444,310
    $4k-5k 15 $5,995,000 $399,667

    First Entertainment's average total fees were $5,501, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 235 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 317 $174,505,000 $550,489
    4-5% 65 $28,915,000 $444,846
    2.5-3% 49 $23,365,000 $476,837

    During 2019, First Entertainment's average interest rate for loans was 3.66%, while their most frequently originated rate bucket for loans was 3-4%, with 317 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 155 $73,985,000 $477,323 $5,526 3.64%
    $200k-400k 117 $36,415,000 $311,239 $4,425 3.61%
    $600k-1MM 91 $67,305,000 $739,615 $5,677 3.61%
    $100k-200k 39 $6,075,000 $155,769 $3,355 3.53%
    $1MM+ 29 $43,005,000 $1,482,931 $8,009 3.50%

    2019 saw First Entertainment place emphasis on $400k-600k loans with 155 originations, totaling $73,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 143 $65,315,000 $456,748 $5,185 3.61%
    $150k-250k 113 $64,095,000 $567,212 $5,553 3.59%
    $250k+ 74 $65,730,000 $888,243 $5,443 3.53%
    $75k-100k 57 $20,525,000 $360,088 $4,956 3.72%
    $50k-75k 34 $9,040,000 $265,882 $4,639 3.64%
    $50k or less 10 $2,080,000 $208,000 $4,211 3.69%

    First Entertainment lent most frequently to those with incomes in the $100k-150k range, with 143 originations. The second most popular income band? $150k-250k, with 113 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 100 $47,180,000 $471,800 $4,671 3.61%
    30-36% 83 $46,285,000 $557,651 $5,122 3.51%
    44% 25 $11,845,000 $473,800 $5,352 3.62%
    <20% 23 $10,965,000 $476,739 $3,578 3.52%
    41% 20 $11,620,000 $581,000 $8,118 3.74%
    45% 18 $9,540,000 $530,000 $6,321 3.52%
    38% 17 $8,685,000 $510,882 $5,065 3.40%
    43% 17 $13,125,000 $772,059 $5,697 3.63%
    42% 16 $7,860,000 $491,250 $5,419 3.87%
    47% 16 $9,170,000 $573,125 $4,933 3.82%
    49% 15 $6,575,000 $438,333 $5,576 3.65%
    48% 15 $7,625,000 $508,333 $4,286 3.79%
    40% 14 $7,970,000 $569,286 $5,525 3.51%
    46% 13 $5,845,000 $449,615 $5,594 3.77%
    39% 12 $6,150,000 $512,500 $5,008 3.49%
    37% 12 $7,420,000 $618,333 $6,770 3.80%
    36% 11 $4,945,000 $449,545 $4,741 3.47%
    50-60% 4 $3,980,000 $995,000 $7,380 3.91%

    First Entertainment lent most frequently to those with DTI ratios of 20-30%, with 100 originations. The next most common DTI ratio? 30-36%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 227 $118,725,000 $523,018 $5,282 3.64%
    Not provided 165 $85,995,000 $521,182 $4,983 3.56%
    Asian 13 $8,025,000 $617,308 $6,754 3.55%
    Black 13 $6,075,000 $467,308 $6,137 3.69%
    Asian Indian 3 $2,605,000 $868,333 $6,826 3.54%
    American Indian 4 $2,590,000 $647,500 $5,971 3.50%
    Other Asian 4 $1,720,000 $430,000 $3,850 3.81%
    Native Hawaiian or Islander 1 $795,000 $795,000 $2,310 3.88%
    Chinese 1 $255,000 $255,000 $3,013 3.25%

    Approval Rates

    Total approvals of all applications
    95.36%

    First Entertainment has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    35.96%

    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 431 $226,785,000 $526,183

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $255,000 $255,000
    Single Family (1-4 Units):Site-Built 430 $226,530,000 $526,814

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $21,595,000 $366,017 $3,228 3.56%
    40-60% 97 $44,075,000 $454,381 $4,168 3.63%
    60-80% 181 $107,815,000 $595,663 $5,582 3.58%
    80-100% 82 $50,910,000 $620,854 $7,432 3.72%
    Under 20% 12 $2,390,000 $199,167 $3,295 3.30%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRSTBANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%