First Nations Home Finance Corporation Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 549300LHJR6FIWIU8E25

Tax ID: 33-0649866

3.7 stars - Updated: 9/18/23 - out of 5 stars, based on 18 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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 Nations Home Finance Corporation is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. First Nations Home Finance Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Riverside, San Diego, Los Angeles, Fort Collins, and Greeley among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Nations Home Finance Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Nations Home Finance Corporation 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.79% 9/18/23
    30 Year Conventional Refi 6.68% 9/18/23
    30 Year Cash-out Refi 6.72% 9/18/23
    30 Year FHA Purchase 7.39% 9/18/23
    30 Year VA Purchase 6.21% 9/18/23
    30 Year USDA Purchase 6.64% 9/18/23
    15 Year Conventional Purchase 6.44% 9/18/23
    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 Nations Home Finance Corporation Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Nations Home Finance Corporation. 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

    335

    Origination Dollar Volume (All Markets)

    $110,705,000

    Awards

    FIRST NATIONS HOME FINANCE CORPORATION FHA Loans silver FIRST NATIONS HOME FINANCE CORPORATION USDA Loans gold FIRST NATIONS HOME FINANCE CORPORATION USDA Loans gold FIRST NATIONS HOME FINANCE CORPORATION USDA Loans bronze
    Show all (4) awards

    Relative Rate

    First Nations Home Finance Corporation's average 30 year fixed mortgage rate was 4.99%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.23%.

    Relative Fees (Closing Costs)

    First Nations Home Finance Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $7,120.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 266 $78,520,000 $295,188 $6,510 4.97%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 40 $21,390,000 $534,750 $10,678 4.86%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,240,000 $560,000 $12,798 6.00%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $1,160,000 $580,000 $4,842 4.94%
    GREELEY, CO (FHA|USDA|VA) 3 $985,000 $328,333 $5,430 4.83%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $915,000 $305,000 $4,999 4.38%
    Outside of Metro Areas 2 $880,000 $440,000 $4,991 4.25%
    TUCSON, AZ (FHA|USDA|VA) 2 $750,000 $375,000 $8,138 4.38%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $620,000 $310,000 $5,426 6.00%
    VALLEJO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $12,445 6.00%
    MADERA, CA (FHA|USDA|VA) 1 $375,000 $375,000 $4,290 4.00%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $13,470 5.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $345,000 $345,000 $4,227 5.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $335,000 $335,000 $3,500 5.50%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $305,000 $305,000 $4,055 5.50%
    EL CENTRO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $4,623 4.00%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $285,000 $285,000 $6,456 4.88%
    VISALIA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $8,975 4.63%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $145,000 $145,000 $3,776 4.13%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $6,460 7.50%
    First Nations Home Finance Corporation's top markets include Riverside, San Diego, Los Angeles, Fort Collins, and Greeley among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FIRST NATIONS HOME FINANCE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Credit Union
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    WESTERRA CREDIT UNION
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    ARIZONA CENTRAL
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    UNITED SECURITY FINANCIAL CORP
    Similarity Rank: 1170

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 251 $81,405,000 $324,323 $6,063 5.07%
    VA 36 $14,850,000 $412,500 $9,887 4.89%
    FHA 25 $8,075,000 $323,000 $12,323 4.62%
    USDA 23 $6,375,000 $277,174 $7,581 4.45%

    For 2022, First Nations Home Finance Corporation's most frequently originated type of loan was Conventional, with 251 originations. Their 2nd most popular type was VA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 238 $83,090,000 $349,118 $7,576 5.00%
    Cash Out Refi 83 $23,285,000 $280,542 $5,774 4.98%
    Refi 14 $4,330,000 $309,286 $5,563 4.49%

    For 2022, First Nations Home Finance Corporation's most frequently cited loan purpose was Home Purchase, with 238 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 325 $108,865,000 $334,969 $7,120 4.99%
    15 Year 8 $1,430,000 $178,750 $4,197 4.16%
    20 Year 1 $145,000 $145,000 $6,671 5.38%
    Other 1 $265,000 $265,000 $5,855 4.50%

    For 2022, First Nations Home Finance Corporation's most frequently cited loan duration was 30 Year, with 325 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 171 $50,665,000 $296,287
    $5k+ 64 $30,120,000 $470,625
    $4k-5k 34 $10,720,000 $315,294
    $2k-3k 26 $6,350,000 $244,231
    $3k-4k 24 $7,330,000 $305,417
    $<1k 16 $5,520,000 $345,000

    First Nations Home Finance Corporation's average total fees were $7,120, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 171 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 115 $36,755,000 $319,609
    3-4% 89 $30,585,000 $343,652
    4-5% 67 $22,575,000 $336,940
    6-7% 47 $16,315,000 $347,128
    7-8% 10 $2,210,000 $221,000
    2.5-3% 6 $1,890,000 $315,000
    <2.5% 1 $375,000 $375,000

    During 2022, First Nations Home Finance Corporation's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 5-6%, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 188 $55,870,000 $297,181 $6,479 4.95%
    $400k-600k 56 $27,010,000 $482,321 $9,195 5.14%
    $100k-200k 54 $8,050,000 $149,074 $4,794 4.95%
    $600k-1MM 25 $16,555,000 $662,200 $10,767 4.60%
    $100,000 or less 10 $720,000 $72,000 $3,452 5.64%
    $1MM+ 2 $2,500,000 $1,250,000 $32,362 4.25%

    2022 saw First Nations Home Finance Corporation place emphasis on $200k-400k loans with 188 originations, totaling $55,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 85 $31,315,000 $368,412 $7,637 5.14%
    $50k-75k 84 $21,140,000 $251,667 $6,449 5.00%
    $150k-250k 57 $24,885,000 $436,579 $8,193 4.73%
    $75k-100k 50 $15,980,000 $319,600 $6,786 4.96%
    $50k or less 36 $5,790,000 $160,833 $4,820 4.70%
    $250k+ 23 $11,595,000 $504,130 $8,241 5.30%

    First Nations Home Finance Corporation lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $50k-75k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 57 $18,485,000 $324,298 $6,858 4.76%
    20-30% 33 $10,455,000 $316,818 $6,290 4.97%
    49% 24 $7,960,000 $331,667 $5,831 4.76%
    50-60% 22 $11,200,000 $509,091 $13,706 4.73%
    48% 21 $7,665,000 $365,000 $7,790 5.46%
    45% 17 $5,475,000 $322,059 $6,279 5.27%
    43% 17 $5,085,000 $299,118 $5,399 4.54%
    46% 16 $4,700,000 $293,750 $7,741 5.55%
    41% 16 $5,340,000 $333,750 $7,143 5.56%
    47% 16 $5,800,000 $362,500 $6,595 4.73%
    42% 15 $4,485,000 $299,000 $6,688 4.97%
    44% 15 $4,365,000 $291,000 $6,629 5.60%
    <20% 14 $4,360,000 $311,429 $6,922 4.64%
    39% 14 $3,930,000 $280,714 $5,417 5.14%
    40% 13 $4,215,000 $324,231 $7,023 4.79%
    38% 9 $3,265,000 $362,778 $7,724 5.22%
    37% 9 $2,185,000 $242,778 $4,824 4.82%
    36% 7 $1,735,000 $247,857 $5,399 4.13%

    First Nations Home Finance Corporation lent most frequently to those with DTI ratios of 30-36%, with 57 originations. The next most common DTI ratio? 20-30%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 286 $93,510,000 $326,958 $6,994 4.99%
    Not provided 18 $7,740,000 $430,000 $7,296 4.87%
    Asian 16 $5,060,000 $316,250 $6,616 5.00%
    Black 12 $3,770,000 $314,167 $8,913 4.73%
    Native Hawaiian or Islander 2 $330,000 $165,000 $2,813 5.31%
    American Indian 1 $295,000 $295,000 $10,260 4.63%

    Approval Rates

    Total approvals of all applications
    93.61%

    First Nations Home Finance Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.91%

    First Nations Home Finance Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 335 $110,705,000 $330,463

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    335 $110,705,000 $330,463

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $4,215,000 $168,600 $4,406 5.44%
    40-60% 42 $11,570,000 $275,476 $5,127 4.87%
    60-80% 86 $30,820,000 $358,372 $7,219 4.88%
    80-100% 165 $58,445,000 $354,212 $7,370 4.99%
    Over 100% 11 $4,895,000 $445,000 $16,075 4.99%
    Under 20% 6 $760,000 $126,667 $3,521 4.58%

    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%