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 Refi, Home Purchase, and Cash Out Refi loans. First Nations Home Finance Corporation has a high proportion of conventional loans. They have a low ratio of USDA loans. They have an average proportion of FHA loans. Their top markets by origination volume include: San Diego, Riverside, Los Angeles, Fort Collins, and Greeley among others. We have data for 22 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 6.79% 11/21/24
    30 Year Conventional Refi 6.68% 11/21/24
    30 Year Cash-out Refi 6.72% 11/21/24
    30 Year FHA Purchase 7.39% 11/21/24
    30 Year VA Purchase 6.21% 11/21/24
    30 Year USDA Purchase 6.64% 11/21/24
    15 Year Conventional Purchase 6.44% 11/21/24
    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

    1,383

    Origination Dollar Volume (All Markets)

    $431,475,000
    Show all (8) 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
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 503 $210,455,000 $418,400 $5,105 3.05%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 687 $160,385,000 $233,457 $4,488 3.10%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 36 $17,600,000 $488,889 $6,719 3.05%
    FORT COLLINS, CO (FHA|USDA|VA) 55 $14,245,000 $259,000 $3,792 3.08%
    GREELEY, CO (FHA|USDA|VA) 42 $11,190,000 $266,429 $3,837 3.15%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 12 $2,810,000 $234,167 $4,420 3.23%
    TUCSON, AZ (FHA|USDA|VA) 7 $2,135,000 $305,000 $4,809 2.89%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $1,870,000 $311,667 $9,664 3.17%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 7 $1,625,000 $232,143 $3,809 3.27%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,490,000 $372,500 $2,950 3.13%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $1,420,000 $355,000 $2,930 3.03%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,235,000 $411,667 $3,735 2.96%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,180,000 $295,000 $2,914 2.97%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $865,000 $288,333 $3,448 2.96%
    FRESNO, CA (FHA|USDA|VA) 2 $610,000 $305,000 $1,748 2.88%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $595,000 $595,000 $3,557 2.88%
    REDDING, CA (FHA|USDA|VA) 2 $570,000 $285,000 $3,423 3.94%
    MODESTO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $4,080 2.75%
    Pahrump, NV (FHA|USDA|VA) 1 $285,000 $285,000 $6,169 2.38%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $5,127 3.25%
    Sterling, CO (FHA|USDA|VA) 1 $125,000 $125,000 $2,948 2.50%
    Outside of Metro Areas 1 $125,000 $125,000 $3,713 3.63%
    First Nations Home Finance Corporation's top markets include San Diego, Riverside, Los Angeles, Fort Collins, and Greeley among others.

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

    Chaffey Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,098 $349,420,000 $318,233 $4,278 3.12%
    VA 100 $35,580,000 $355,800 $5,643 2.81%
    USDA 94 $19,120,000 $203,404 $4,887 2.94%
    FHA 91 $27,355,000 $300,604 $8,848 3.03%

    For 2020, First Nations Home Finance Corporation's most frequently originated type of loan was Conventional, with 1,098 originations. Their 2nd most popular type was VA, with 100 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 569 $196,525,000 $345,387 $4,238 3.01%
    Home Purchase 461 $129,835,000 $281,638 $5,534 3.10%
    Cash Out Refi 353 $105,115,000 $297,776 $4,430 3.18%

    For 2020, First Nations Home Finance Corporation's most frequently cited loan purpose was Refi, with 569 originations. The 2nd most popular reason was Home Purchase, with 461 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,270 $403,940,000 $318,063 $4,830 3.10%
    15 Year 73 $16,835,000 $230,616 $3,401 2.78%
    20 Year 31 $8,625,000 $278,226 $3,478 2.88%
    Other 5 $1,385,000 $277,000 $4,500 3.15%
    10 Year 4 $690,000 $172,500 $3,424 2.53%

    For 2020, First Nations Home Finance Corporation's most frequently cited loan duration was 30 Year, with 1,270 originations. The 2nd most popular length was 15 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 836 $242,520,000 $290,096
    $<1k 183 $57,665,000 $315,109
    $5k+ 121 $55,705,000 $460,372
    $2k-3k 93 $25,875,000 $278,226
    $3k-4k 81 $24,545,000 $303,025
    $4k-5k 69 $25,165,000 $364,710

    First Nations Home Finance Corporation's average total fees were $4,830, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 836 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 697 $219,095,000 $314,340
    3-4% 544 $172,620,000 $317,316
    <2.5% 102 $29,600,000 $290,196
    4-5% 39 $10,005,000 $256,538
    5-6% 1 $155,000 $155,000

    During 2020, First Nations Home Finance Corporation's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 697 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 661 $190,445,000 $288,116 $4,575 3.07%
    $100k-200k 320 $50,400,000 $157,500 $3,675 3.11%
    $400k-600k 317 $152,775,000 $481,940 $5,607 3.05%
    $600k-1MM 52 $35,160,000 $676,154 $8,716 3.11%
    $100,000 or less 33 $2,695,000 $81,667 $2,894 3.23%

    2020 saw First Nations Home Finance Corporation place emphasis on $200k-400k loans with 661 originations, totaling $190,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 363 $129,095,000 $355,634 $5,008 3.12%
    $50k-75k 281 $69,155,000 $246,103 $4,468 3.05%
    $75k-100k 262 $78,110,000 $298,130 $5,072 3.08%
    $50k or less 198 $42,950,000 $216,919 $4,155 2.99%
    $150k-250k 194 $77,960,000 $401,856 $4,724 3.13%
    $250k+ 81 $32,305,000 $398,827 $4,352 3.14%

    First Nations Home Finance Corporation lent most frequently to those with incomes in the $100k-150k range, with 363 originations. The second most popular income band? $50k-75k, with 281 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 264 $81,730,000 $309,583 $4,700 3.06%
    20-30% 257 $76,715,000 $298,502 $3,866 3.04%
    <20% 144 $42,990,000 $298,542 $4,015 2.96%
    44% 72 $21,470,000 $298,194 $5,315 3.20%
    43% 64 $21,840,000 $341,250 $4,976 3.22%
    42% 63 $18,845,000 $299,127 $4,567 3.15%
    41% 54 $17,520,000 $324,444 $4,995 3.12%
    36% 48 $15,130,000 $315,208 $4,616 3.14%
    39% 47 $14,615,000 $310,957 $5,238 3.06%
    40% 45 $14,635,000 $325,222 $4,095 3.08%
    45% 44 $14,600,000 $331,818 $5,246 3.06%
    37% 44 $13,870,000 $315,227 $5,119 3.18%
    48% 43 $13,195,000 $306,860 $4,791 3.09%
    46% 40 $13,650,000 $341,250 $4,962 3.11%
    49% 39 $12,635,000 $323,974 $5,277 3.08%
    38% 38 $11,270,000 $296,579 $4,073 3.23%
    50-60% 37 $12,905,000 $348,784 $9,749 2.94%
    47% 33 $11,315,000 $342,879 $5,278 3.15%
    >60% 2 $360,000 $180,000 $3,245 3.13%

    First Nations Home Finance Corporation lent most frequently to those with DTI ratios of 30-36%, with 264 originations. The next most common DTI ratio? 20-30%, with 257 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,001 $287,045,000 $286,758 $4,510 3.11%
    Not provided 313 $122,545,000 $391,518 $5,312 3.00%
    Asian 28 $9,250,000 $330,357 $4,718 3.03%
    Black 19 $5,045,000 $265,526 $5,773 2.99%
    American Indian 13 $4,495,000 $345,769 $4,773 3.10%
    Native Hawaiian or Islander 6 $2,040,000 $340,000 $5,032 3.56%
    Filipino 1 $455,000 $455,000 $9,161 3.00%
    Other Pacific Islander 1 $415,000 $415,000 $3,145 2.75%
    Other Asian 1 $185,000 $185,000 $2,842 2.63%

    Approval Rates

    Total approvals of all applications
    96.16%

    First Nations Home Finance Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.78%

    First Nations Home Finance Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,383 $431,475,000 $311,985

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 24 $5,830,000 $242,917
    Single Family (1-4 Units):Site-Built 1,359 $425,645,000 $313,205

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $11,660,000 $201,034 $3,217 2.90%
    40-60% 286 $88,280,000 $308,671 $3,969 2.98%
    60-80% 572 $187,280,000 $327,413 $4,419 3.17%
    80-100% 446 $137,850,000 $309,081 $5,529 3.07%
    Over 100% 15 $5,525,000 $368,333 $12,659 2.83%
    Under 20% 6 $880,000 $146,667 $3,519 3.15%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HOME MORTGAGE CORPORATION FHA mortgage Struggling to pay mortgage 1 25.0%
    FIRST HOME MORTGAGE CORPORATION Conventional home mortgage Closing on a mortgage 1 25.0%
    FIRST HOME MORTGAGE CORPORATION Conventional home mortgage Struggling to pay mortgage 1 25.0%
    FIRST HOME MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%