First Nations Home Finance Corporation Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 549300LHJR6FIWIU8E25

Tax ID: 33-0649866

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Nations Home Finance Corporation is a smaller mortgage company specializing in Home Purchase 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, Greeley, and Fort Collins among others. We have data for 21 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.79% 11/17/24
    30 Year Conventional Refi 6.68% 11/17/24
    30 Year Cash-out Refi 6.72% 11/17/24
    30 Year FHA Purchase 7.39% 11/17/24
    30 Year VA Purchase 6.21% 11/17/24
    30 Year USDA Purchase 6.64% 11/17/24
    15 Year Conventional Purchase 6.44% 11/17/24
    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

    617

    Origination Dollar Volume (All Markets)

    $167,615,000

    Awards

    FIRST NATIONS HOME FINANCE CORPORATION FHA Loans silver FIRST NATIONS HOME FINANCE CORPORATION USDA Loans gold FIRST NATIONS HOME FINANCE CORPORATION VA Loans silver
    Show all (3) awards

    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) 411 $87,165,000 $212,080 $4,984 4.22%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 137 $58,185,000 $424,708 $7,140 4.01%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $5,750,000 $479,167 $7,633 4.19%
    GREELEY, CO (FHA|USDA|VA) 18 $5,220,000 $290,000 $4,466 4.13%
    FORT COLLINS, CO (FHA|USDA|VA) 12 $3,430,000 $285,833 $4,873 4.14%
    BAKERSFIELD, CA (FHA|USDA|VA) 6 $1,590,000 $265,000 $5,347 4.17%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,015,000 $338,333 $3,800 4.17%
    Outside of Metro Areas 3 $805,000 $268,333 $7,633 3.96%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $605,000 $605,000 $3,707 3.88%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $575,000 $575,000 $4,542 4.63%
    STOCKTON, CA (FHA|USDA|VA) 1 $565,000 $565,000 $5,852 3.88%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $425,000 $425,000 $18,078 3.38%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $425,000 $141,667 $3,670 3.67%
    Ukiah, CA (FHA|USDA|VA) 1 $405,000 $405,000 $3,367 4.38%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $355,000 $355,000 $6,578 4.13%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $285,000 $285,000 $6,112 4.13%
    Pahrump, NV (FHA|USDA|VA) 1 $225,000 $225,000 $5,524 4.13%
    Port Angeles, WA (FHA|USDA|VA) 1 $195,000 $195,000 $3,496 3.88%
    YUMA, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $3,106 3.63%
    Red Bluff, CA (FHA|USDA|VA) 1 $125,000 $125,000 $450 4.25%
    Elko, NV (FHA|USDA|VA) 1 $115,000 $115,000 $3,427 4.75%
    First Nations Home Finance Corporation's top markets include Riverside, San Diego, Los Angeles, Greeley, and Fort Collins among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 381 $112,165,000 $294,396 $4,883 4.25%
    USDA 91 $15,605,000 $171,484 $4,435 4.00%
    FHA 81 $20,905,000 $258,086 $8,612 4.12%
    VA 64 $18,940,000 $295,938 $6,947 3.87%

    For 2019, First Nations Home Finance Corporation's most frequently originated type of loan was Conventional, with 381 originations. Their 2nd most popular type was USDA, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 386 $93,840,000 $243,109 $5,565 4.20%
    Cash Out Refi 119 $32,985,000 $277,185 $5,333 4.23%
    Refi 111 $40,395,000 $363,919 $5,516 3.95%
    Other 1 $395,000 $395,000 $5,706 3.63%

    For 2019, First Nations Home Finance Corporation's most frequently cited loan purpose was Home Purchase, with 386 originations. The 2nd most popular reason was Cash Out Refi, with 119 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 589 $160,455,000 $272,419 $5,560 4.17%
    20 Year 15 $4,115,000 $274,333 $4,269 3.83%
    15 Year 12 $2,780,000 $231,667 $4,602 3.81%
    Other 1 $265,000 $265,000 $5,692 3.88%

    For 2019, First Nations Home Finance Corporation's most frequently cited loan duration was 30 Year, with 589 originations. The 2nd most popular length was 20 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 352 $85,870,000 $243,949
    $<1k 76 $15,910,000 $209,342
    $5k+ 64 $29,580,000 $462,188
    $2k-3k 39 $7,745,000 $198,590
    $4k-5k 39 $13,125,000 $336,538
    $3k-4k 37 $12,035,000 $325,270

    First Nations Home Finance Corporation's average total fees were $5,560, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 352 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 293 $76,575,000 $261,348
    3-4% 289 $82,325,000 $284,862
    5-6% 31 $6,525,000 $210,484
    6-7% 3 $905,000 $301,667
    7-8% 1 $1,285,000 $1,285,000

    During 2019, First Nations Home Finance Corporation's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 4-5%, with 293 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 249 $71,185,000 $285,884 $5,689 4.12%
    $100k-200k 225 $34,345,000 $152,644 $4,195 4.22%
    $400k-600k 99 $46,775,000 $472,475 $7,764 3.99%
    $100,000 or less 26 $2,070,000 $79,615 $3,690 4.43%
    $600k-1MM 16 $10,570,000 $660,625 $8,899 4.18%
    $1MM+ 2 $2,670,000 $1,335,000 $18,096 6.38%

    2019 saw First Nations Home Finance Corporation place emphasis on $200k-400k loans with 249 originations, totaling $71,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 149 $32,085,000 $215,336 $5,312 4.17%
    $100k-150k 131 $42,195,000 $322,099 $6,509 4.21%
    $75k-100k 119 $33,655,000 $282,815 $5,161 4.18%
    $50k or less 115 $18,685,000 $162,478 $4,308 4.08%
    $150k-250k 74 $29,130,000 $393,649 $6,356 4.03%
    $250k+ 29 $11,865,000 $409,138 $6,133 4.39%

    First Nations Home Finance Corporation lent most frequently to those with incomes in the $50k-75k range, with 149 originations. The second most popular income band? $100k-150k, with 131 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 115 $29,945,000 $260,391 $4,862 4.16%
    20-30% 91 $22,585,000 $248,187 $4,642 4.07%
    <20% 34 $10,240,000 $301,176 $4,674 4.25%
    38% 33 $8,555,000 $259,242 $5,321 4.17%
    44% 30 $8,720,000 $290,667 $5,270 4.27%
    40% 28 $6,750,000 $241,071 $5,216 4.15%
    50-60% 26 $7,120,000 $273,846 $8,973 3.95%
    42% 26 $7,990,000 $307,308 $5,010 4.37%
    43% 26 $7,280,000 $280,000 $5,037 4.21%
    48% 26 $7,520,000 $289,231 $7,382 4.15%
    49% 26 $8,760,000 $336,923 $5,819 4.02%
    39% 25 $6,255,000 $250,200 $5,550 4.07%
    37% 24 $5,960,000 $248,333 $5,172 4.13%
    36% 23 $6,415,000 $278,913 $6,888 4.24%
    41% 22 $6,090,000 $276,818 $5,764 4.03%
    45% 21 $6,005,000 $285,952 $5,653 4.12%
    46% 21 $6,095,000 $290,238 $6,293 4.42%
    47% 20 $5,330,000 $266,500 $7,070 4.24%

    First Nations Home Finance Corporation lent most frequently to those with DTI ratios of 30-36%, with 115 originations. The next most common DTI ratio? 20-30%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 507 $133,355,000 $263,028 $5,338 4.17%
    Not provided 51 $16,365,000 $320,882 $5,571 3.91%
    Asian 26 $8,690,000 $334,231 $6,907 4.04%
    Black 15 $3,865,000 $257,667 $6,064 4.70%
    American Indian 14 $3,850,000 $275,000 $8,009 4.27%
    Native Hawaiian or Islander 3 $965,000 $321,667 $7,459 4.50%
    Samoan 1 $525,000 $525,000 $5,270 4.13%

    Approval Rates

    Total approvals of all applications
    93.13%

    First Nations Home Finance Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.22%

    First Nations Home Finance Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 617 $167,615,000 $271,661

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 15 $2,625,000 $175,000
    Single Family (1-4 Units):Site-Built 602 $164,990,000 $274,070

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $3,770,000 $209,444 $4,608 3.92%
    40-60% 56 $13,570,000 $242,321 $4,135 4.06%
    60-80% 198 $59,730,000 $301,667 $5,273 4.25%
    80-100% 335 $88,055,000 $262,851 $5,831 4.14%
    Over 100% 9 $2,435,000 $270,556 $9,601 3.90%
    Under 20% 1 $55,000 $55,000 $3,669 3.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST HOME MORTGAGE CORPORATION Other type of mortgage Struggling to pay mortgage 1 25.0%
    FIRST HOME MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 2 50.0%
    FIRST HOME MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%