First Eagle Federal Credi Union Mortgage Rates, Fees & Info
Owings Mills, MDLEI: 549300I7G0WB7Z0BCX80
Tax ID: 52-0684204
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Mortgage Data
Review & Overview
First Eagle Federal Credi Union is a smaller credit union specializing in Other and Home Improvement loans. First Eagle Federal Credi Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Nashville, Baltimore, Chicago, and Dallas among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)First Eagle Federal Credi Union 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.04% | 11/17/24 |
| 15 Year Conventional Refi | 6.71% | 11/17/24 |
| 15 Year Cash-out Refi | 6.71% | 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 Eagle Federal Credi Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
53Origination Dollar Volume (All Markets)
$3,715,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 23 | $1,845,000 | $80,217 | $75 | 7.27% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $75 | 7.44% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $425,000 | $60,714 | $75 | 7.35% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $400,000 | $50,000 | $75 | 7.37% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $75 | 7.24% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $75 | 7.49% |
| RENO, NV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $75 | 7.75% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $75 | 6.99% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $75 | 7.24% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $75 | 6.74% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $75 | 6.74% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $75 | 11.49% |
| OCALA, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $75 | 5.99% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $75 | 7.24% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $3,715,000 | $70,094 | $75 | 7.35% |
For 2023, First Eagle Federal Credi Union's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2023, First Eagle Federal Credi Union's most frequently cited loan purpose was Other, with 34 originations. The 2nd most popular reason was Home Improvement, with 14 originations.
Loan Duration/Length
For 2023, First Eagle Federal Credi Union's most frequently cited loan duration was 15 Year, with 24 originations. The 2nd most popular length was 10 Year, with 13 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 53 | $3,715,000 | $70,094 |
First Eagle Federal Credi Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 53 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 23 | $1,555,000 | $67,609 |
| 7-8% | 19 | $1,445,000 | $76,053 |
| Over 8% | 8 | $600,000 | $75,000 |
| 5-6% | 3 | $115,000 | $38,333 |
During 2023, First Eagle Federal Credi Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 23 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 43 | $2,385,000 | $55,465 | $75 | 7.29% |
| $100k-200k | 10 | $1,330,000 | $133,000 | $75 | 7.64% |
2023 saw First Eagle Federal Credi Union place emphasis on $100,000 or less loans with 43 originations, totaling $2,385,000 in origination value.
Applicant Income
First Eagle Federal Credi Union lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
First Eagle Federal Credi Union lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.70%
First Eagle Federal Credi Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.02%
First Eagle Federal Credi Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 53 | $3,715,000 | $70,094 |