First Foundation Bank Mortgage Rates, Fees & Info

Irvine, CA

LEI: 549300M5KSPQD2HH1N54

Tax ID: 32-0211527

2.6 stars - Updated: 2/25/24 - out of 5 stars, based on 26 reviews

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

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Mortgage Data

Review & Overview

First Foundation Bank is a small bank specializing in Refi and Home Purchase loans. First Foundation Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, San Francisco, Phoenix, and Sacramento among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Foundation Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First Foundation Bank 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 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.07% 2/25/24
30 Year Conventional Refi 5.76% 2/25/24
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 Foundation Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Foundation Bank. 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

660

Origination Dollar Volume (All Markets)

$2,512,150,000

Awards

First Foundation Bank 30 Year Conventional Loans bronze First Foundation Bank 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

First Foundation Bank's average 30 year fixed mortgage rate was 3.79%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.97%.

Relative Fees (Closing Costs)

First Foundation Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $11,838.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 426 $1,329,910,000 $3,121,854 $16,935 3.70%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 43 $172,615,000 $4,014,302 $20,181 3.91%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 53 $147,035,000 $2,774,245 $4,669 3.78%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 15 $131,895,000 $8,793,000 $0 4.36%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 9 $88,095,000 $9,788,333 $0 3.59%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 17 $87,055,000 $5,120,882 $0 3.78%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $68,035,000 $9,719,286 $0 3.96%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 5 $45,545,000 $9,109,000 $0 3.92%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $39,255,000 $39,255,000 $0 4.95%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $39,055,000 $13,018,333 $0 4.15%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $38,785,000 $38,785,000 $0 4.60%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $37,890,000 $18,945,000 $0 4.48%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $37,005,000 $37,005,000 $0 4.53%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $35,025,000 $7,005,000 $5,897 4.95%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $31,645,000 $10,548,333 $0 3.93%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $26,320,000 $1,880,000 $4,492 3.74%
NAPA, CA (FHA|USDA|VA) 1 $25,005,000 $25,005,000 $0 4.25%
BATON ROUGE, LA (FHA|USDA|VA) 1 $20,005,000 $20,005,000 $0 4.35%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $18,605,000 $18,605,000 $0 4.65%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 16 $16,800,000 $1,050,000 $7,098 3.31%
VALLEJO, CA (FHA|USDA|VA) 1 $16,135,000 $16,135,000 $0 3.15%
SALINAS, CA (FHA|USDA|VA) 7 $10,075,000 $1,439,286 $4,408 3.18%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $7,555,000 $7,555,000 $0 4.40%
TUCSON, AZ (FHA|USDA|VA) 2 $7,130,000 $3,565,000 $0 4.87%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $7,125,000 $1,425,000 $4,226 4.10%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $5,520,000 $2,760,000 $11,641 4.58%
Outside of Metro Areas 5 $4,835,000 $967,000 $0 3.23%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $4,580,000 $763,333 $9,711 3.68%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $3,775,000 $3,775,000 $0 4.85%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $3,300,000 $1,650,000 $0 4.50%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $3,125,000 $3,125,000 $8,735 3.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $2,010,000 $1,005,000 $0 3.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $0 4.73%
First Foundation Bank's top markets include Los Angeles, San Diego, San Francisco, Phoenix, and Sacramento among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 660 $2,512,150,000 $3,806,288 $11,838 3.76%

    For 2022, First Foundation Bank's most frequently originated type of loan was Conventional, with 660 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 466 $1,749,390,000 $3,754,056 $12,595 3.68%
    Home Purchase 184 $755,390,000 $4,105,380 $13,769 3.97%
    Other 8 $4,890,000 $611,250 $4,063 3.18%
    Home Improvement 2 $2,480,000 $1,240,000 $0 4.26%

    For 2022, First Foundation Bank's most frequently cited loan purpose was Refi, with 466 originations. The 2nd most popular reason was Home Purchase, with 184 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 549 $1,799,895,000 $3,278,497 $11,838 3.79%
    10 Year 109 $710,825,000 $6,521,330 $0 3.58%
    5 Year 2 $1,430,000 $715,000 $0 3.98%

    For 2022, First Foundation Bank's most frequently cited loan duration was 30 Year, with 549 originations. The 2nd most popular length was 10 Year, with 109 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 21 $21,495,000 $1,023,571
    $5k+ 16 $27,740,000 $1,733,750
    $1k-2k 11 $11,495,000 $1,045,000
    $4k-5k 3 $2,175,000 $725,000

    First Foundation Bank's average total fees were $11,838, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 454 $1,386,950,000 $3,054,956
    4-5% 156 $1,016,120,000 $6,513,590
    5-6% 25 $67,005,000 $2,680,200
    2.5-3% 19 $32,665,000 $1,719,211
    6-7% 5 $8,035,000 $1,607,000
    <2.5% 1 $1,375,000 $1,375,000

    During 2022, First Foundation Bank's average interest rate for loans was 3.79%, while their most frequently originated rate bucket for loans was 3-4%, with 454 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 513 $2,411,935,000 $4,701,628 $17,829 3.74%
    $600k-1MM 99 $80,735,000 $815,505 $6,640 3.90%
    $400k-600k 28 $13,810,000 $493,214 $8,284 3.82%
    $200k-400k 18 $5,290,000 $293,889 $4,863 3.45%
    $100k-200k 2 $380,000 $190,000 $4,121 3.46%

    2022 saw First Foundation Bank place emphasis on $1MM+ loans with 513 originations, totaling $2,411,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 46 $57,530,000 $1,250,652 $15,860 3.95%
    $150k-250k 17 $16,385,000 $963,824 $7,907 3.84%
    $100k-150k 6 $2,040,000 $340,000 $6,430 3.66%
    $75k-100k 2 $460,000 $230,000 $4,120 3.30%

    First Foundation Bank lent most frequently to those with incomes in the $250k+ range, with 46 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $31,330,000 $1,205,000 $17,197 4.06%
    <20% 12 $9,770,000 $814,167 $6,604 3.63%
    30-36% 7 $6,165,000 $880,714 $6,205 4.03%
    45% 5 $1,515,000 $303,000 $10,727 3.88%
    50-60% 4 $6,800,000 $1,700,000 $21,788 3.63%
    47% 3 $3,725,000 $1,241,667 $16,487 3.64%
    38% 3 $2,675,000 $891,667 $3,952 3.53%
    41% 2 $3,160,000 $1,580,000 $13,242 3.55%
    40% 2 $2,680,000 $1,340,000 $3,816 3.43%
    48% 1 $565,000 $565,000 $0 5.00%
    49% 1 $635,000 $635,000 $0 3.63%
    39% 1 $5,005,000 $5,005,000 $21,722 3.10%
    36% 1 $365,000 $365,000 $0 3.38%
    43% 1 $655,000 $655,000 $8,106 3.10%
    44% 1 $685,000 $685,000 $0 6.75%
    46% 1 $685,000 $685,000 $0 3.88%

    First Foundation Bank lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? <20%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 560 $2,392,830,000 $4,272,911 $9,386 3.74%
    White 69 $79,115,000 $1,146,594 $11,067 3.89%
    Not provided 26 $36,360,000 $1,398,462 $27,561 3.70%
    Asian 4 $3,480,000 $870,000 $2,817 3.94%
    American Indian 1 $365,000 $365,000 $6,430 3.10%

    Approval Rates

    Total approvals of all applications
    95.19%

    First Foundation Bank 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
    92.88%

    First Foundation Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 660 $2,512,150,000 $3,806,288

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    660 $2,512,150,000 $3,806,288

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $110,635,000 $1,875,169 $10,808 3.64%
    40-60% 280 $1,448,550,000 $5,173,393 $10,381 3.80%
    60-80% 304 $910,890,000 $2,996,349 $16,861 3.76%
    80-100% 4 $2,220,000 $555,000 $6,820 3.78%
    Under 20% 13 $39,855,000 $3,065,769 $5,206 3.41%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%