Ffc Mortgage Corp. Rates, Fees & Info

Rochester, NY

LEI: 549300JVYWDXYVB8EM70

Tax ID: 16-1313078

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    Ffc Mortgage Corp. is a smaller mortgage company specializing in Refi and Home Purchase loans. Ffc Mortgage Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Dallas, Riverside, San Diego, and Sacramento among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ffc Mortgage Corp. has an above average approval rate when compared to the average across all lenders. They have an above 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.

    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.


    Originations

    185

    Origination Dollar Volume (All Markets)

    $57,995,000
    Show all (6) 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) 73 $29,425,000 $403,082 $3,460 2.84%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 71 $16,215,000 $228,380 $5,347 2.92%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 13 $3,695,000 $284,231 $4,227 2.74%
    Outside of Metro Areas 10 $2,540,000 $254,000 $5,592 2.82%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $2,055,000 $2,055,000 $25,731 6.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,280,000 $320,000 $3,188 2.66%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $530,000 $265,000 $3,132 2.75%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $375,000 $375,000 $5,418 2.50%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $355,000 $355,000 $3,255 2.50%
    Athens, TX (FHA|USDA|VA) 2 $300,000 $150,000 $6,808 2.63%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,715 2.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,890 2.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,448 3.13%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $7,209 2.75%
    Corsicana, TX (FHA|USDA|VA) 1 $175,000 $175,000 $6,897 3.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,156 3.50%
    VALLEJO, CA (FHA|USDA|VA) 1 $95,000 $95,000 $2,437 2.38%
    Ffc Mortgage Corp.'s top markets include Los Angeles, Dallas, Riverside, San Diego, and Sacramento among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • 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.

    Pittsford Federal Credit Union
    Similarity Rank: 70
    The First National Bank of Long Island
    Similarity Rank: 134
    RELIANT COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 190
    North Jersey Federal Credit Union
    Similarity Rank: 247
    SIBCY CLINE MORTGAGE SERVICES, INC.
    Similarity Rank: 248
    Day Air Credit Union, Inc
    Similarity Rank: 264
    ESL Federal Credit Union
    Similarity Rank: 276
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 363
    FAMILY FIRST OF NY
    Similarity Rank: 378
    Fairport Savings Bank
    Similarity Rank: 399

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 161 $52,675,000 $327,174 $3,966 2.89%
    FHA 24 $5,320,000 $221,667 $8,600 2.76%

    For 2020, Ffc Mortgage Corp.'s most frequently originated type of loan was Conventional, with 161 originations. Their 2nd most popular type was FHA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 99 $33,215,000 $335,505 $3,666 2.85%
    Home Purchase 55 $13,435,000 $244,273 $6,629 2.92%
    Cash Out Refi 30 $11,100,000 $370,000 $3,788 2.90%
    Home Improvement 1 $245,000 $245,000 $3,715 2.50%

    For 2020, Ffc Mortgage Corp.'s most frequently cited loan purpose was Refi, with 99 originations. The 2nd most popular reason was Home Purchase, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 159 $52,095,000 $327,642 $4,719 2.91%
    15 Year 20 $4,730,000 $236,500 $3,346 2.54%
    20 Year 5 $995,000 $199,000 $4,681 3.10%
    Other 1 $175,000 $175,000 $4,321 3.13%

    For 2020, Ffc Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 159 originations. The 2nd most popular length was 15 Year, with 20 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 138 $42,860,000 $310,580
    $2k-3k 23 $5,065,000 $220,217
    $3k-4k 8 $2,980,000 $372,500
    $4k-5k 7 $2,315,000 $330,714
    $5k+ 7 $4,155,000 $593,571
    $<1k 2 $620,000 $310,000

    Ffc Mortgage Corp.'s average total fees were $4,719, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 138 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 109 $34,535,000 $316,835
    <2.5% 43 $12,695,000 $295,233
    3-4% 29 $8,465,000 $291,897
    4-5% 2 $130,000 $65,000
    5-6% 1 $115,000 $115,000
    6-7% 1 $2,055,000 $2,055,000

    During 2020, Ffc Mortgage Corp.'s average interest rate for loans was 2.91%, while their most frequently originated rate bucket for loans was 2.5-3%, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 83 $24,145,000 $290,904 $4,593 2.81%
    $100k-200k 48 $7,450,000 $155,208 $4,788 2.89%
    $400k-600k 41 $18,985,000 $463,049 $3,856 2.84%
    $600k-1MM 7 $4,955,000 $707,857 $4,647 2.91%
    $100,000 or less 5 $405,000 $81,000 $3,495 3.30%
    $1MM+ 1 $2,055,000 $2,055,000 $25,731 6.50%

    2020 saw Ffc Mortgage Corp. place emphasis on $200k-400k loans with 83 originations, totaling $24,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $15,195,000 $297,941 $4,380 2.87%
    $50k-75k 40 $8,810,000 $220,250 $5,409 2.92%
    $75k-100k 32 $8,850,000 $276,563 $3,754 2.81%
    $150k-250k 30 $12,350,000 $411,667 $4,179 2.90%
    $250k+ 19 $8,895,000 $468,158 $3,982 2.81%
    $50k or less 12 $1,840,000 $153,333 $4,853 2.66%

    Ffc Mortgage Corp. lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $50k-75k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 43 $14,685,000 $341,512 $3,675 2.79%
    30-36% 31 $10,085,000 $325,323 $4,074 3.04%
    <20% 11 $3,505,000 $318,636 $3,884 2.62%
    44% 10 $2,940,000 $294,000 $4,894 2.85%
    50-60% 8 $1,890,000 $236,250 $8,775 2.67%
    37% 8 $2,510,000 $313,750 $4,073 2.91%
    38% 8 $1,830,000 $228,750 $4,888 3.12%
    40% 7 $2,395,000 $342,143 $4,912 2.91%
    41% 7 $2,355,000 $336,429 $5,375 2.73%
    46% 7 $1,955,000 $279,286 $2,839 2.73%
    36% 7 $1,995,000 $285,000 $3,874 3.07%
    47% 6 $1,500,000 $250,000 $4,030 2.75%
    39% 6 $1,350,000 $225,000 $4,114 2.73%
    48% 6 $1,420,000 $236,667 $5,279 2.96%
    42% 5 $1,355,000 $271,000 $4,583 3.05%
    43% 5 $985,000 $197,000 $5,461 2.68%
    49% 5 $1,615,000 $323,000 $6,772 2.63%
    45% 3 $1,365,000 $455,000 $3,323 2.99%

    Ffc Mortgage Corp. lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? 30-36%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $36,430,000 $331,182 $4,865 2.91%
    Not provided 24 $7,680,000 $320,000 $3,714 2.87%
    Black 29 $6,405,000 $220,862 $4,637 2.79%
    Asian 18 $6,290,000 $349,444 $3,923 2.79%
    Not applicable 3 $1,055,000 $351,667 $4,330 3.04%
    American Indian 1 $135,000 $135,000 $2,495 2.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    Ffc Mortgage Corp. 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
    95.14%

    Ffc Mortgage Corp. 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
    NA 185 $57,995,000 $313,486

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $855,000 $171,000
    Single Family (1-4 Units):Site-Built 180 $57,140,000 $317,444

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $4,840,000 $302,500 $3,317 2.67%
    40-60% 42 $14,990,000 $356,905 $3,542 2.70%
    60-80% 70 $24,200,000 $345,714 $4,120 3.00%
    80-100% 56 $13,900,000 $248,214 $6,285 2.88%
    Under 20% 1 $65,000 $65,000 $2,718 4.25%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FBC MORTGAGE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%