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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.79% | 10/29/24 |
30 Year Conventional Refi | 6.68% | 10/29/24 |
30 Year Cash-out Refi | 6.72% | 10/29/24 |
30 Year FHA Purchase | 7.39% | 10/29/24 |
30 Year VA Purchase | 6.21% | 10/29/24 |
30 Year USDA Purchase | 6.64% | 10/29/24 |
15 Year Conventional Purchase | 6.44% | 10/29/24 |
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
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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
200Origination Dollar Volume (All Markets)
$66,100,000FIRST NATIONS HOME FINANCE CORPORATION - 2023
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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% |
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 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
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
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
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
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
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
Approval Rates
Total approvals of all applications91.26%
First Nations Home Finance Corporation has an average approval rate.
Pick Rate
Approvals leading to origination69.50%
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 |