First Foundation Bank Mortgage Rates, Fees & Info
Irvine, CALEI: 549300M5KSPQD2HH1N54
Tax ID: 32-0211527
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Mortgage Data
Review & Overview
First Foundation Bank is a smaller 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 Francisco, Riverside, Merced, and San Diego among others. We have data for 6 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 an 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 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 | 6.72% | 4/5/25 |
| 30 Year Conventional Refi | 5.88% | 4/5/25 |
| 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
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This is not an official calculator from First Foundation Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
57Origination Dollar Volume (All Markets)
$152,695,000Relative Rate
First Foundation Bank's average 30 year fixed mortgage rate was
6.45%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.1%.
Relative Fees (Closing Costs)
First Foundation Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,572.
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 $8,356.
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) | 47 | $122,035,000 | $2,596,489 | $3,572 | 6.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $17,470,000 | $4,367,500 | $0 | 5.43% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $6,430,000 | $3,215,000 | $0 | 6.58% |
| MERCED, CA (FHA|USDA|VA) | 1 | $4,905,000 | $4,905,000 | $0 | 6.85% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $0 | 6.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 6.75% |
Their top states include:
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $152,695,000 | $2,678,860 | $3,572 | 6.33% |
For 2024, First Foundation Bank's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 42 | $111,450,000 | $2,653,571 | $3,572 | 6.46% |
| Home Purchase | 15 | $41,245,000 | $2,749,667 | $0 | 5.97% |
For 2024, First Foundation Bank's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
For 2024, First Foundation Bank's most frequently cited loan duration was 30 Year, with 52 originations. The 2nd most popular length was Other, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $1,005,000 | $1,005,000 |
First Foundation Bank's average total fees were $3,572, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 43 | $117,615,000 | $2,735,233 |
| 5-6% | 7 | $12,345,000 | $1,763,571 |
| 7-8% | 4 | $8,680,000 | $2,170,000 |
| 3-4% | 3 | $14,055,000 | $4,685,000 |
During 2024, First Foundation Bank's average interest rate for loans was 6.45%, while their most frequently originated rate bucket for loans was 6-7%, with 43 originations.
Loan Sizing
2024 saw First Foundation Bank place emphasis on $1MM+ loans with 45 originations, totaling $144,265,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $1,005,000 | $1,005,000 | $3,572 | 5.50% |
First Foundation Bank lent most frequently to those with incomes in the $250k+ range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 1 | $1,005,000 | $1,005,000 | $3,572 | 5.50% |
First Foundation Bank lent most frequently to those with DTI ratios of <20%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 56 | $151,690,000 | $2,708,750 | $0 | 6.35% |
| Not provided | 1 | $1,005,000 | $1,005,000 | $3,572 | 5.50% |
Approval Rates
Total approvals of all applications87.01%
First Foundation Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.23%
First Foundation Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 57 | $152,695,000 | $2,678,860 |