Ffc Mortgage Corp. Rates, Fees & Info
Rochester, NYLEI: 549300JVYWDXYVB8EM70
Tax ID: 16-1313078
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Mortgage Data
Review & Overview
Ffc Mortgage Corp. is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Ffc Mortgage Corp. has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Rochester, Los Angeles, Dayton, and Greensboro among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)Ffc Mortgage Corp. 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. Ffc Mortgage Corp. 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.
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Originations
329Origination Dollar Volume (All Markets)
$67,055,000Awards
FFC Mortgage Corp. - 2018
FFC Mortgage Corp. is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 68 | $20,980,000 | $308,529 | $6,801 | 4.83% |
| ROCHESTER, NY (FHA|USDA|VA) | 82 | $11,300,000 | $137,805 | $4,716 | 4.82% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $4,025,000 | $805,000 | $23,489 | 4.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 22 | $3,610,000 | $164,091 | $7,152 | 4.95% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 20 | $3,430,000 | $171,500 | $5,028 | 4.94% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $1,910,000 | $238,750 | $10,039 | 4.81% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 13 | $1,895,000 | $145,769 | $4,393 | 4.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $1,680,000 | $210,000 | $8,443 | 5.09% |
| Batavia, NY (FHA|USDA|VA) | 9 | $1,515,000 | $168,333 | $5,414 | 4.85% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $7,161 | 4.93% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 10 | $1,210,000 | $121,000 | $6,490 | 5.36% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $7,104 | 5.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $8,270 | 4.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $8,098 | 4.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $5,052 | 4.71% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $4,396 | 4.98% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $5,874 | 5.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $6,193 | 5.21% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $9,033 | 4.94% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,151 | 5.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $14,161 | 5.13% |
| Outside of Metro Areas | 4 | $440,000 | $110,000 | $5,988 | 5.03% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $10,587 | 4.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,085 | 4.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $10,393 | 5.63% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,971 | 5.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,943 | 4.75% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,472 | 5.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,548 | 5.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,054 | 4.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $4,299 | 5.08% |
| AKRON, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,600 | 5.25% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,948 | 4.88% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,078 | 4.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,342 | 5.38% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,847 | 5.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,970 | 4.63% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,316 | 4.87% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,775 | 5.06% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,848 | 4.88% |
| Sidney, OH (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $5,474 | 5.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,599 | 5.00% |
| Urbana, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,862 | 5.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,376 | 4.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,178 | 4.63% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,679 | 4.63% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,027 | 4.63% |
| Greenville, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,670 | 5.63% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,326 | 4.63% |
| Montrose, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,932 | 5.50% |
| Danville, VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,895 | 3.95% |
| Olean, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,543 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against FFC Mortgage Corp. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Ffc Mortgage Corp.'s most frequently originated type of loan was Conventional, with 151 originations. Their 2nd most popular type was FHA, with 132 originations.
Loan Reason
For 2018, Ffc Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 253 originations. The 2nd most popular reason was Cash Out Refi, with 67 originations.
Loan Duration/Length
For 2018, Ffc Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 312 originations. The 2nd most popular length was 20 Year, with 8 originations.
Origination Fees/Closing Costs
Ffc Mortgage Corp.'s average total fees were $6,531, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 133 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 211 | $43,575,000 | $206,517 |
| 5-6% | 110 | $19,670,000 | $178,818 |
| 3-4% | 7 | $3,665,000 | $523,571 |
| 6-7% | 1 | $145,000 | $145,000 |
During 2018, Ffc Mortgage Corp.'s average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 211 originations.
Loan Sizing
2018 saw Ffc Mortgage Corp. place emphasis on $100k-200k loans with 139 originations, totaling $20,235,000 in origination value.
Applicant Income
Ffc Mortgage Corp. lent most frequently to those with incomes in the $50k-75k range, with 91 originations. The second most popular income band? $50k or less, with 77 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 36% | 1 | $355,000 | $355,000 | $3,186 | 4.99% |
Ffc Mortgage Corp. lent most frequently to those with DTI ratios of 36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.67%
Ffc Mortgage Corp. has a below average approval rate.
Pick Rate
Approvals leading to origination66.57%
Ffc Mortgage Corp. 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 | 329 | $67,055,000 | $203,815 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $785,000 | $112,143 |
| Single Family (1-4 Units):Site-Built | 322 | $66,270,000 | $205,807 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 80-100% | 1 | $355,000 | $355,000 | $3,186 | 4.99% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FBC MORTGAGE, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 13.3% |
| FBC MORTGAGE, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| FBC MORTGAGE, LLC | Conventional home mortgage | Incorrect information on your report | 1 | 6.7% |
| FBC MORTGAGE, LLC | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FBC MORTGAGE, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FBC MORTGAGE, LLC | FHA mortgage | Closing on a mortgage | 1 | 6.7% |
| FBC MORTGAGE, LLC | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FBC MORTGAGE, LLC | FHA mortgage | Trouble during payment process | 1 | 6.7% |
| FBC MORTGAGE, LLC | VA mortgage | Struggling to pay mortgage | 2 | 13.3% |
| FBC MORTGAGE, LLC | VA mortgage | Trouble during payment process | 1 | 6.7% |