First Foundation Bank Mortgage Rates, Fees & Info

Irvine, CA

LEI: 549300M5KSPQD2HH1N54

Tax ID: 32-0211527

5 stars - Updated: 12/9/24 - out of 5 stars, based on 5 reviews

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

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Mortgage Data

Review & Overview

First Foundation Bank is a smaller bank specializing in Refi loans. First Foundation Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Phoenix, San Diego, Sebring, and San Francisco among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Foundation Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Foundation Bank is typically a low 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.

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% 12/9/24
30 Year Conventional Refi 5.76% 12/9/24
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

27

Origination Dollar Volume (All Markets)

$49,265,000

Relative Rate

First Foundation Bank's average 30 year fixed mortgage rate was 6.3%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.18%.

Relative Fees (Closing Costs)

First Foundation Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,000.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 22 $38,040,000 $1,729,091 $4,000 6.04%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $3,125,000 $3,125,000 $0 4.81%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 5.90%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $2,625,000 $2,625,000 $0 6.25%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $2,470,000 $1,235,000 $0 3.10%
First Foundation Bank's top markets include Los Angeles, Phoenix, San Diego, Sebring, and San Francisco among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Foundation Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
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    Suncoast Credit Union
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    SOUTHLAND CREDIT UNION
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    FIRST ENTERTAINMENT
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    ALTURA
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    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 504
    LA Financial Federal Credit Union
    Similarity Rank: 660

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $49,265,000 $1,824,630 $4,000 5.78%

    For 2023, First Foundation Bank's most frequently originated type of loan was Conventional, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 20 $39,470,000 $1,973,500 $4,000 6.27%
    Home Purchase 7 $9,795,000 $1,399,286 $0 4.38%

    For 2023, First Foundation Bank's most frequently cited loan purpose was Refi, with 20 originations. The 2nd most popular reason was Home Purchase, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 21 $39,295,000 $1,871,190 $4,000 6.30%
    Other 5 $6,965,000 $1,393,000 $0 3.58%
    10 Year 1 $3,005,000 $3,005,000 $0 5.90%

    For 2023, First Foundation Bank's most frequently cited loan duration was 30 Year, with 21 originations. The 2nd most popular length was Other, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2 $3,000,000 $1,500,000

    First Foundation Bank's average total fees were $4,000, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 13 $18,725,000 $1,440,385
    4-5% 5 $10,695,000 $2,139,000
    5-6% 4 $10,800,000 $2,700,000
    2.5-3% 2 $2,080,000 $1,040,000
    7-8% 2 $5,700,000 $2,850,000
    3-4% 1 $1,265,000 $1,265,000

    During 2023, First Foundation Bank's average interest rate for loans was 6.30%, while their most frequently originated rate bucket for loans was 6-7%, with 13 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 20 $44,420,000 $2,221,000 $4,000 5.82%
    $600k-1MM 4 $3,270,000 $817,500 $0 5.66%
    $400k-600k 3 $1,575,000 $525,000 $0 5.71%

    2023 saw First Foundation Bank place emphasis on $1MM+ loans with 20 originations, totaling $44,420,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 25 $46,795,000 $1,871,800 $4,000 5.99%
    White 1 $1,265,000 $1,265,000 $0 3.20%
    Not provided 1 $1,205,000 $1,205,000 $0 3.00%

    Approval Rates

    Total approvals of all applications
    80.49%

    First Foundation Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.78%

    First Foundation Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 27 $49,265,000 $1,824,630

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    27 $49,265,000 $1,824,630

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $4,765,000 $953,000 $0 5.20%
    40-60% 14 $34,600,000 $2,471,429 $4,000 5.97%
    60-80% 7 $9,025,000 $1,289,286 $0 6.25%
    Under 20% 1 $875,000 $875,000 $0 2.75%