First Eagle Federal Credi Union Mortgage Rates, Fees & Info

Owings Mills, MD

LEI: 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% 10/31/24
15 Year Conventional Refi 6.71% 10/31/24
15 Year Cash-out Refi 6.71% 10/31/24
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






Your Estimates

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

This is not an official calculator from First Eagle Federal Credi Union. 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

53

Origination Dollar Volume (All Markets)

$3,715,000

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
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%
First Eagle Federal Credi Union's top markets include Houston, Nashville, Baltimore, Chicago, and Dallas among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 34 $2,390,000 $70,294 $75 7.40%
    Home Improvement 14 $910,000 $65,000 $75 7.38%
    Refi 4 $380,000 $95,000 $75 6.99%
    Cash Out Refi 1 $35,000 $35,000 $75 6.74%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 24 $2,090,000 $87,083 $75 7.80%
    10 Year 13 $825,000 $63,462 $75 7.36%
    Other 10 $460,000 $46,000 $75 6.72%
    5 Year 6 $340,000 $56,667 $75 6.62%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $975,000 $65,000 $75 7.29%
    $75k-100k 13 $885,000 $68,077 $75 7.12%
    $150k-250k 11 $815,000 $74,091 $75 7.42%
    $50k-75k 9 $685,000 $76,111 $75 7.63%
    $250k+ 3 $255,000 $85,000 $75 6.82%
    $50k or less 1 $45,000 $45,000 $75 7.75%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $1,040,000 $57,778 $75 7.31%
    30-36% 12 $890,000 $74,167 $75 7.66%
    <20% 5 $325,000 $65,000 $75 7.04%
    37% 3 $285,000 $95,000 $75 6.74%
    50-60% 2 $90,000 $45,000 $75 6.99%
    38% 2 $130,000 $65,000 $75 7.87%
    40% 2 $170,000 $85,000 $75 7.24%
    45% 2 $140,000 $70,000 $75 6.74%
    46% 2 $300,000 $150,000 $75 7.49%
    42% 1 $105,000 $105,000 $75 6.74%
    44% 1 $25,000 $25,000 $75 6.24%
    39% 1 $105,000 $105,000 $75 11.24%
    36% 1 $65,000 $65,000 $75 7.24%
    41% 1 $45,000 $45,000 $75 6.74%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 33 $2,345,000 $71,061 $75 7.26%
    Not provided 10 $830,000 $83,000 $75 7.37%
    Black 8 $470,000 $58,750 $75 7.90%
    Asian 2 $70,000 $35,000 $75 6.74%

    Approval Rates

    Total approvals of all applications
    74.70%

    First Eagle Federal Credi Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.02%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    53 $3,715,000 $70,094

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,275,000 $75,000 $75 7.11%
    40-60% 6 $750,000 $125,000 $75 8.03%
    60-80% 2 $270,000 $135,000 $75 8.12%
    Under 20% 28 $1,420,000 $50,714 $75 7.30%