First Nations Home Finance Corporation Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 549300LHJR6FIWIU8E25

Tax ID: 33-0649866

4.2 stars - out of 5 stars, based on 30 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

888

Origination Dollar Volume (All Markets)

$292,820,000

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 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 applications
93.93%

First Nations Home Finance Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
84.73%

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%