First Nations Home Finance Corporation Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 549300LHJR6FIWIU8E25

Tax ID: 33-0649866

5 stars - Updated: 5/20/24 - out of 5 stars, based on 14 reviews

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

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Mortgage Data

Review & Overview

First Nations Home Finance Corporation is a smaller mortgage company specializing in Home Purchase 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, San Francisco, and Greeley among others. We have data for 17 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 a high 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 relatively high 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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.79% 5/20/24
30 Year Conventional Refi 6.68% 5/20/24
30 Year Cash-out Refi 6.72% 5/20/24
30 Year FHA Purchase 7.39% 5/20/24
30 Year VA Purchase 6.21% 5/20/24
30 Year USDA Purchase 6.64% 5/20/24
15 Year Conventional Purchase 6.44% 5/20/24
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 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

200

Origination Dollar Volume (All Markets)

$66,100,000
Show all (6) awards

Relative Rate

First Nations Home Finance Corporation's average 30 year fixed mortgage rate was 6.64%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.16%.

Relative Fees (Closing Costs)

First Nations Home Finance Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $8,492.

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 $9,089.

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) 158 $44,360,000 $280,759 $7,295 6.59%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 23 $12,835,000 $558,043 $13,206 6.89%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $2,205,000 $735,000 $15,321 6.83%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $18,381 7.63%
GREELEY, CO (FHA|USDA|VA) 2 $830,000 $415,000 $16,198 6.44%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $825,000 $825,000 $15,138 6.25%
Ukiah, CA (FHA|USDA|VA) 1 $565,000 $565,000 $14,355 7.00%
YUMA, AZ (FHA|USDA|VA) 1 $535,000 $535,000 $15,302 7.13%
FORT COLLINS, CO (FHA|USDA|VA) 1 $505,000 $505,000 $7,954 6.63%
FRESNO, CA (FHA|USDA|VA) 2 $480,000 $240,000 $5,631 6.44%
VALLEJO, CA (FHA|USDA|VA) 1 $445,000 $445,000 $13,783 5.38%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $315,000 $315,000 $12,152 6.25%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $7,018 6.38%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $9,160 7.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $11,192 6.25%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $235,000 $235,000 $4,536 6.88%
MERCED, CA (FHA|USDA|VA) 1 $75,000 $75,000 $3,715 6.50%
First Nations Home Finance Corporation's top markets include Riverside, San Diego, Los Angeles, San Francisco, and Greeley among others.

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

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    LBS FINANCIAL
    Similarity Rank: 258
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 312
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    PREMIER MEMBERS CREDIT UNION
    Similarity Rank: 434
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477
    Ent Credit Union
    Similarity Rank: 558

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $44,565,000 $356,520 $7,809 6.78%
    FHA 25 $6,945,000 $277,800 $11,221 6.61%
    VA 25 $8,095,000 $323,800 $7,603 6.25%
    USDA 25 $6,495,000 $259,800 $9,363 6.26%

    For 2023, First Nations Home Finance Corporation's most frequently originated type of loan was Conventional, with 125 originations. Their 2nd most popular type was FHA, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 175 $59,625,000 $340,714 $8,588 6.62%
    Cash Out Refi 22 $6,030,000 $274,091 $7,467 6.73%
    Refi 3 $445,000 $148,333 $4,235 6.50%

    For 2023, First Nations Home Finance Corporation's most frequently cited loan purpose was Home Purchase, with 175 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 196 $65,150,000 $332,398 $8,492 6.64%
    15 Year 4 $950,000 $237,500 $3,859 6.13%

    For 2023, First Nations Home Finance Corporation's most frequently cited loan duration was 30 Year, with 196 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 64 $16,460,000 $257,188
    $5k+ 49 $25,965,000 $529,898
    $3k-4k 29 $7,745,000 $267,069
    $2k-3k 22 $5,390,000 $245,000
    $<1k 18 $4,800,000 $266,667
    $4k-5k 18 $5,740,000 $318,889

    First Nations Home Finance Corporation's average total fees were $8,492, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 64 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 129 $41,825,000 $324,225
    7-8% 37 $13,615,000 $367,973
    5-6% 30 $9,280,000 $309,333
    Over 8% 3 $1,105,000 $368,333
    4-5% 1 $275,000 $275,000

    During 2023, First Nations Home Finance Corporation's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 129 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 116 $33,510,000 $288,879 $7,669 6.58%
    $100k-200k 29 $4,415,000 $152,241 $5,388 6.59%
    $400k-600k 28 $13,560,000 $484,286 $11,201 6.56%
    $600k-1MM 15 $11,335,000 $755,667 $15,225 6.96%
    $100,000 or less 10 $750,000 $75,000 $4,018 6.83%
    $1MM+ 2 $2,530,000 $1,265,000 $24,335 7.31%

    2023 saw First Nations Home Finance Corporation place emphasis on $200k-400k loans with 116 originations, totaling $33,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 49 $15,725,000 $320,918 $7,957 6.58%
    $150k-250k 43 $19,225,000 $447,093 $9,995 6.74%
    $75k-100k 40 $11,230,000 $280,750 $8,133 6.51%
    $50k-75k 38 $8,290,000 $218,158 $6,685 6.42%
    $50k or less 15 $2,135,000 $142,333 $5,590 6.68%
    $250k+ 14 $9,290,000 $663,571 $13,538 7.19%

    First Nations Home Finance Corporation lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $150k-250k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 35 $12,025,000 $343,571 $8,800 6.69%
    20-30% 18 $5,570,000 $309,444 $7,146 6.67%
    43% 15 $3,465,000 $231,000 $6,143 6.60%
    50-60% 15 $4,585,000 $305,667 $10,843 6.51%
    42% 12 $4,310,000 $359,167 $9,024 6.60%
    40% 12 $4,340,000 $361,667 $9,032 6.50%
    45% 11 $4,325,000 $393,182 $9,426 6.44%
    49% 11 $4,675,000 $425,000 $8,709 6.77%
    37% 10 $3,820,000 $382,000 $10,777 6.56%
    44% 8 $2,000,000 $250,000 $7,093 6.66%
    46% 8 $2,510,000 $313,750 $7,080 6.86%
    47% 8 $2,980,000 $372,500 $10,313 6.28%
    36% 7 $2,105,000 $300,714 $8,179 6.73%
    48% 7 $2,585,000 $369,286 $8,294 6.63%
    41% 7 $2,375,000 $339,286 $8,369 6.71%
    <20% 6 $1,630,000 $271,667 $4,841 6.83%
    39% 5 $1,695,000 $339,000 $5,948 6.28%
    38% 4 $900,000 $225,000 $7,656 6.78%

    First Nations Home Finance Corporation lent most frequently to those with DTI ratios of 30-36%, with 35 originations. The next most common DTI ratio? 20-30%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 168 $55,570,000 $330,774 $8,247 6.65%
    Not provided 10 $4,240,000 $424,000 $9,340 6.64%
    Asian 10 $2,960,000 $296,000 $8,796 6.26%
    Black 4 $1,480,000 $370,000 $11,600 6.44%
    American Indian 6 $1,380,000 $230,000 $7,842 6.77%
    1 $245,000 $245,000 $11,989 6.00%
    Asian Indian 1 $225,000 $225,000 $7,349 7.13%

    Approval Rates

    Total approvals of all applications
    91.26%

    First Nations Home Finance Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.50%

    First Nations Home Finance Corporation 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 200 $66,100,000 $330,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    200 $66,100,000 $330,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $3,800,000 $271,429 $5,219 6.65%
    40-60% 24 $5,880,000 $245,000 $6,201 6.53%
    60-80% 32 $12,640,000 $395,000 $9,950 6.86%
    80-100% 119 $41,115,000 $345,504 $8,892 6.59%
    Over 100% 8 $2,250,000 $281,250 $7,961 6.48%
    Under 20% 3 $415,000 $138,333 $6,383 6.83%