First Nations Home Finance Corporation Mortgage Rates, Fees & Info
SAN DIEGO, CALEI: 549300LHJR6FIWIU8E25
Tax ID: 33-0649866
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
First Nations Home Finance Corporation is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and 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 include Riverside, San Diego, Los Angeles, Fort Collins, and Greeley among others. First Nations Home Finance Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Nations Home Finance Corporation is typically an average fee lendor.Originations
888Origination Dollar Volume (All Markets)
$292,820,000Awards
FIRST NATIONS HOME FINANCE CORPORATION - 2021
FIRST NATIONS HOME FINANCE CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
First Nations Home Finance Corporation's average 30 year fixed rate mortgage of loans were
3.06%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.09%.
Relative Fees
First Nations Home Finance Corporation's average total fees for a 30 year fixed rate
mortgage are $5,850.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 565 | $155,485,000 | $275,195 | $5,398 | 3.04% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 217 | $99,595,000 | $458,963 | $6,884 | 3.03% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $11,525,000 | $501,087 | $7,176 | 2.97% |
| FORT COLLINS, CO (FHA|USDA|VA) | 23 | $7,745,000 | $336,739 | $3,279 | 3.01% |
| GREELEY, CO (FHA|USDA|VA) | 18 | $4,970,000 | $276,111 | $3,928 | 2.91% |
| TUCSON, AZ (FHA|USDA|VA) | 8 | $2,200,000 | $275,000 | $4,749 | 3.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $5,475 | 3.44% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $6,194 | 2.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $3,272 | 3.19% |
| Outside of Metro Areas | 2 | $790,000 | $395,000 | $10,682 | 4.19% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,721 | 2.88% |
| RENO, NV (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,542 | 2.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,675 | 3.25% |
| Durango, CO (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,710 | 2.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,669 | 3.25% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,710 | 2.63% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,203 | 2.88% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $13,455 | 2.38% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,331 | 2.63% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,068 | 3.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,597 | 2.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,850 | 3.25% |
| CHICO, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,360 | 2.88% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,786 | 3.25% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,649 | 2.63% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,330 | 3.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,107 | 2.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,682 | 3.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,016 | 3.13% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,446 | 3.63% |
First Nations Home Finance Corporation's top markets include Riverside, San Diego, Los Angeles, Fort Collins, and Greeley among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 694 | $232,620,000 | $335,187 | $4,902 | 3.10% |
| USDA | 67 | $16,315,000 | $243,507 | $6,611 | 2.72% |
| FHA | 64 | $20,340,000 | $317,813 | $10,470 | 2.94% |
| VA | 63 | $23,545,000 | $373,730 | $8,777 | 2.75% |
For the 2021 period, First Nations Home Finance Corporation's most frequently originated loan type of loans were Conventional, with 694 originations. Their 2nd most popular type is USDA, with 67 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 416 | $143,320,000 | $344,519 | $6,813 | 3.03% |
| Cash Out Refi | 285 | $88,395,000 | $310,158 | $4,810 | 3.13% |
| Refi | 187 | $61,105,000 | $326,765 | $4,624 | 2.89% |
For the 2021, First Nations Home Finance Corporation's most frequently cited loan purpose of loans were Home Purchase, with 416 originations. The 2nd most popular reason of loans were Cash Out Refi, with 285 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 822 | $275,160,000 | $334,745 | $5,850 | 3.06% |
| 15 Year | 43 | $10,455,000 | $243,140 | $3,867 | 2.60% |
| 20 Year | 18 | $5,200,000 | $288,889 | $4,115 | 2.89% |
| Other | 5 | $2,005,000 | $401,000 | $4,138 | 2.83% |
For the 2021, First Nations Home Finance Corporation's most frequently cited loan length of loans were 30 Year, with 822 originations. The 2nd most popular length of loans were 15 Year, with 43 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 617 | $183,755,000 | $297,820 |
| $5k+ | 103 | $53,165,000 | $516,165 |
| $3k-4k | 90 | $32,100,000 | $356,667 |
| $2k-3k | 57 | $16,295,000 | $285,877 |
| $<1k | 21 | $7,505,000 | $357,381 |
$5,850 of loans were First Nations Home Finance Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 617 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 418 | $131,750,000 | $315,191 |
| 3-4% | 378 | $132,290,000 | $349,974 |
| <2.5% | 80 | $23,970,000 | $299,625 |
| 4-5% | 12 | $4,810,000 | $400,833 |
During 2021, First Nations Home Finance Corporation's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 418 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 419 | $122,425,000 | $292,184 | $5,289 | 3.00% |
| $100k-200k | 197 | $31,465,000 | $159,721 | $3,979 | 3.04% |
| $400k-600k | 191 | $92,085,000 | $482,120 | $6,916 | 3.05% |
| $600k-1MM | 62 | $44,150,000 | $712,097 | $11,018 | 3.17% |
| $100,000 or less | 18 | $1,430,000 | $79,444 | $3,306 | 3.01% |
| $1MM+ | 1 | $1,265,000 | $1,265,000 | $0 | 3.75% |
2021 saw First Nations Home Finance Corporation place emphasis on $200k-400k loans with 419 originations, totaling $122,425,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 207 | $53,505,000 | $258,478 | $5,487 | 2.98% |
| $100k-150k | 187 | $73,405,000 | $392,540 | $6,347 | 3.04% |
| $75k-100k | 172 | $52,500,000 | $305,233 | $5,511 | 3.02% |
| $150k-250k | 162 | $70,550,000 | $435,494 | $6,209 | 3.08% |
| $50k or less | 113 | $19,475,000 | $172,345 | $4,234 | 2.97% |
| $250k+ | 45 | $21,805,000 | $484,556 | $6,741 | 3.24% |
First Nations Home Finance Corporation lent most frequently to those with incomes in the $50k-75k range, with 207 originations. The second most popular income band? $100k-150k, with 187 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 148 | $47,910,000 | $323,716 | $5,511 | 3.01% |
| 20-30% | 136 | $41,800,000 | $307,353 | $4,747 | 2.97% |
| <20% | 62 | $18,110,000 | $292,097 | $4,489 | 2.89% |
| 44% | 54 | $19,060,000 | $352,963 | $6,094 | 3.09% |
| 42% | 45 | $14,055,000 | $312,333 | $5,376 | 3.06% |
| 48% | 41 | $13,675,000 | $333,537 | $6,361 | 3.05% |
| 49% | 40 | $14,560,000 | $364,000 | $6,382 | 3.12% |
| 41% | 39 | $12,845,000 | $329,359 | $5,279 | 3.04% |
| 40% | 39 | $12,475,000 | $319,872 | $5,509 | 3.07% |
| 43% | 39 | $12,995,000 | $333,205 | $6,169 | 3.03% |
| 36% | 38 | $11,430,000 | $300,789 | $5,144 | 2.99% |
| 39% | 36 | $13,300,000 | $369,444 | $6,257 | 3.11% |
| 50-60% | 33 | $13,365,000 | $405,000 | $12,118 | 3.00% |
| 45% | 33 | $10,295,000 | $311,970 | $5,096 | 3.13% |
| 37% | 30 | $9,800,000 | $326,667 | $5,728 | 3.05% |
| 46% | 28 | $9,630,000 | $343,929 | $5,638 | 3.08% |
| 38% | 27 | $9,135,000 | $338,333 | $5,931 | 3.04% |
| 47% | 18 | $6,800,000 | $377,778 | $5,097 | 3.15% |
First Nations Home Finance Corporation lent most frequently to those with DTI ratios of 30-36%, with 148 originations. The next most common DTI ratio? 20-30%, with 136 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 652 | $206,140,000 | $316,166 | $5,597 | 3.04% |
| Not provided | 183 | $67,445,000 | $368,552 | $5,932 | 3.00% |
| Asian | 24 | $8,660,000 | $360,833 | $6,143 | 3.03% |
| Black | 15 | $5,935,000 | $395,667 | $6,953 | 3.18% |
| American Indian | 7 | $2,085,000 | $297,857 | $6,138 | 3.30% |
| Native Hawaiian | 4 | $1,340,000 | $335,000 | $6,147 | 2.97% |
| Other Asian | 1 | $545,000 | $545,000 | $6,762 | 3.13% |
| Asian Indian | 1 | $405,000 | $405,000 | $5,802 | 3.25% |
| Japanese | 1 | $265,000 | $265,000 | $3,862 | 3.13% |
Approval Rates
Total approvals of all applications93.93%
First Nations Home Finance Corporation has an average approval rate.
Pick Rate
Approvals leading to origination84.73%
First Nations Home Finance Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 888 | $292,820,000 | $329,752 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 888 | $292,820,000 | $329,752 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 61 | $12,425,000 | $203,689 | $3,869 | 2.98% |
| 40-60% | 177 | $52,935,000 | $299,068 | $4,338 | 2.95% |
| 60-80% | 302 | $106,910,000 | $354,007 | $5,406 | 3.16% |
| 80-100% | 326 | $112,590,000 | $345,368 | $6,753 | 2.98% |
| Over 100% | 12 | $5,510,000 | $459,167 | $15,727 | 2.67% |
| Under 20% | 10 | $2,450,000 | $245,000 | $4,235 | 2.95% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HOME MORTGAGE CORPORATION | Conventional home mortgage | Trouble during payment process | 7 | 70.0% |
| FIRST HOME MORTGAGE CORPORATION | Other type of mortgage | Closing on a mortgage | 1 | 10.0% |
| FIRST HOME MORTGAGE CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 10.0% |
| FIRST HOME MORTGAGE CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 10.0% |
