First Nations Home Finance Corporation Mortgage Rates, Fees & Info
SAN DIEGO, CALEI: 549300LHJR6FIWIU8E25
Tax ID: 33-0649866
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Mortgage Data
Review & 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 by origination volume include: Riverside, San Diego, Los Angeles, Fort Collins, and Greeley among others. We have data for 30 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.59% | 3/19/23 |
| 30 Year Conventional Refi | 6.47% | 3/19/23 |
| 30 Year Cash-out Refi | 6.58% | 3/19/23 |
| 30 Year FHA Purchase | 7.33% | 3/19/23 |
| 30 Year FHA Refi | 7.02% | 3/19/23 |
| 30 Year VA Purchase | 6.29% | 3/19/23 |
| 30 Year VA Refi | 5.93% | 3/19/23 |
| 30 Year USDA Purchase | 6.58% | 3/19/23 |
| 30 Year USDA Refi | 6.49% | 3/19/23 |
| 15 Year Conventional Purchase | 6.20% | 3/19/23 |
| 15 Year Conventional Refi | 6.03% | 3/19/23 |
| 15 Year Cash-out Refi | 6.03% | 3/19/23 |
| 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. | ||
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 mortgage rate was
3.06%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.09%.
Relative Fees (Closing Costs)
First Nations Home Finance Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,850.
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) | 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% |
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.
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Product Mix
For 2021, First Nations Home Finance Corporation's most frequently originated type of loan was Conventional, with 694 originations. Their 2nd most popular type was USDA, with 67 originations.
Loan Reason
For 2021, First Nations Home Finance Corporation's most frequently cited loan purpose was Home Purchase, with 416 originations. The 2nd most popular reason was Cash Out Refi, with 285 originations.
Loan Duration/Length
For 2021, First Nations Home Finance Corporation's most frequently cited loan duration was 30 Year, with 822 originations. The 2nd most popular length was 15 Year, with 43 originations.
Origination Fees/Closing Costs
First Nations Home Finance Corporation's average total fees were $5,850, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 418 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications93.62%
First Nations Home Finance Corporation has an average approval rate.
Pick Rate
Approvals leading to origination80.97%
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 |
LTV Distribution
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% |