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 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.

    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% 4/28/24
    30 Year Conventional Purchase 6.00% 4/28/24
    30 Year Conventional Refi 6.06% 4/28/24
    30 Year Cash-out Refi 6.27% 4/28/24
    15 Year Conventional Purchase 5.46% 4/28/24
    15 Year Conventional Refi 5.48% 4/28/24
    15 Year Cash-out Refi 5.48% 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.

    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

    777

    Origination Dollar Volume (All Markets)

    $254,985,000
    Show all (5) 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) 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%
    First Entertainment's top markets include Los Angeles, Riverside, Oxnard, San Diego, 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.

    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    Los Angeles Federal Credit Union
    Similarity Rank: 248
    FRONTWAVE
    Similarity Rank: 544
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 648
    LBS FINANCIAL
    Similarity Rank: 707
    First City Credit Union
    Similarity Rank: 720
    Sterling Bank and Trust, FSB
    Similarity Rank: 920
    Christian Community Credit Union
    Similarity Rank: 990
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1053
    VENTURA COUNTY
    Similarity Rank: 1089

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 488 $80,140,000 $164,221 n/a 5.57%
    Conventional 289 $174,845,000 $605,000 $3,736 4.02%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 323 $54,145,000 $167,632 $767 5.48%
    Refi 181 $78,245,000 $432,293 $2,481 3.74%
    Other 144 $19,750,000 $137,153 $747 5.99%
    Home Purchase 115 $77,225,000 $671,522 $6,003 4.44%
    Cash Out Refi 14 $25,620,000 $1,830,000 $0 4.13%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 495 $90,015,000 $181,848 $0 5.54%
    30 Year 228 $143,890,000 $631,096 $4,100 3.95%
    15 Year 30 $8,170,000 $272,333 $2,511 3.59%
    20 Year 19 $4,165,000 $219,211 $1,719 5.99%
    10 Year 4 $2,090,000 $522,500 $2,088 2.66%
    5 Year 1 $6,655,000 $6,655,000 $0 4.88%

    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
    $<1k 234 $124,720,000 $532,991
    $5k+ 23 $27,715,000 $1,205,000
    $1k-2k 13 $7,035,000 $541,154
    $2k-3k 10 $3,930,000 $393,000
    $3k-4k 6 $8,580,000 $1,430,000
    $4k-5k 3 $2,865,000 $955,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 208 $98,070,000 $471,490
    4-5% 176 $66,410,000 $377,330
    5-6% 162 $40,280,000 $248,642
    6-7% 85 $14,155,000 $166,529
    7-8% 70 $11,110,000 $158,714
    2.5-3% 34 $15,180,000 $446,471
    <2.5% 22 $7,310,000 $332,273
    Over 8% 20 $2,470,000 $123,500

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 220 $58,580,000 $266,273 $2,947 5.02%
    $100k-200k 180 $24,400,000 $135,556 $2,012 5.34%
    $100,000 or less 171 $10,465,000 $61,199 $742 5.73%
    $400k-600k 93 $44,665,000 $480,269 $3,842 4.17%
    $600k-1MM 83 $63,245,000 $761,988 $4,495 3.90%
    $1MM+ 30 $53,630,000 $1,787,667 $8,070 4.02%

    2022 saw First Entertainment place emphasis on $200k-400k loans with 220 originations, totaling $58,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 293 $92,025,000 $314,078 $4,398 5.01%
    $100k-150k 192 $42,870,000 $223,281 $2,823 5.14%
    $250k+ 160 $67,560,000 $422,250 $4,907 5.24%
    $75k-100k 67 $13,225,000 $197,388 $2,577 4.60%
    $50k-75k 36 $6,210,000 $172,500 $3,032 4.33%
    $50k or less 12 $1,400,000 $116,667 $2,408 4.42%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 146 $43,430,000 $297,466 $3,423 5.21%
    20-30% 127 $34,495,000 $271,614 $3,092 4.96%
    42% 52 $15,050,000 $289,423 $4,693 5.53%
    49% 48 $9,020,000 $187,917 $1,868 4.75%
    41% 41 $11,635,000 $283,780 $3,692 5.13%
    <20% 33 $10,565,000 $320,152 $3,693 4.56%
    40% 33 $11,605,000 $351,667 $7,122 5.27%
    38% 32 $13,940,000 $435,625 $4,434 4.36%
    44% 31 $8,495,000 $274,032 $2,899 4.72%
    47% 30 $11,670,000 $389,000 $4,606 4.79%
    39% 28 $8,330,000 $297,500 $4,516 5.00%
    43% 28 $7,040,000 $251,429 $3,863 5.12%
    37% 27 $7,865,000 $291,296 $3,343 5.25%
    48% 25 $5,725,000 $229,000 $4,575 5.02%
    45% 25 $5,145,000 $205,800 $3,374 5.29%
    36% 25 $7,465,000 $298,600 $3,456 5.13%
    46% 20 $7,560,000 $378,000 $3,310 4.70%
    50-60% 7 $3,355,000 $479,286 $2,945 3.82%
    >60% 1 $825,000 $825,000 $2,324 2.88%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 438 $124,350,000 $283,904 $3,593 5.02%
    Not provided 220 $58,620,000 $266,455 $3,296 4.97%
    Not applicable 19 $31,805,000 $1,673,947 $0 4.08%
    Asian 34 $14,970,000 $440,294 $4,236 5.15%
    Black 37 $14,215,000 $384,189 $6,280 5.15%
    American Indian 15 $6,265,000 $417,667 $4,589 4.77%
    Other Asian 2 $2,010,000 $1,005,000 $4,883 4.00%
    Filipino 5 $1,185,000 $237,000 $1,960 5.07%
    Asian Indian 2 $810,000 $405,000 $4,897 3.88%
    Samoan 1 $245,000 $245,000 $0 5.00%
    Chinese 2 $230,000 $115,000 $0 6.12%
    Japanese 1 $175,000 $175,000 $0 4.00%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    72.60%

    First Entertainment has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.04%

    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
    10900.0 1 $1,685,000 $1,685,000
    11200.0 1 $1,745,000 $1,745,000
    13750.0 1 $2,455,000 $2,455,000
    14000.0 1 $2,305,000 $2,305,000
    17875.0 1 $3,275,000 $3,275,000
    18750.0 1 $3,255,000 $3,255,000
    35750.0 1 $6,655,000 $6,655,000
    4807.5 1 $465,000 $465,000
    5000.0 1 $705,000 $705,000
    5075.0 1 $515,000 $515,000
    6252.5 1 $755,000 $755,000
    6500.0 1 $1,005,000 $1,005,000
    7500.0 1 $1,005,000 $1,005,000
    8500.0 1 $1,385,000 $1,385,000
    8885.0 1 $1,475,000 $1,475,000
    9000.0 2 $3,010,000 $1,505,000
    NA 760 $223,290,000 $293,803

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    777 $254,985,000 $328,166

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 145 $46,385,000 $319,897 $2,409 4.88%
    40-60% 65 $42,175,000 $648,846 $2,893 3.63%
    60-80% 92 $69,800,000 $758,696 $4,999 4.13%
    80-100% 58 $41,770,000 $720,172 $5,136 4.21%
    Under 20% 417 $54,855,000 $131,547 $1,815 5.54%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%