First Foundation Bank Mortgage Rates, Fees & Info
Irvine, CALEI: 549300M5KSPQD2HH1N54
Tax ID: 32-0211527
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.07% | 3/23/23 |
| 30 Year Conventional Refi | 5.76% | 3/23/23 |
| 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. | ||
Originations
660Origination Dollar Volume (All Markets)
$2,512,150,000Awards
First Foundation Bank - 2022
First Foundation Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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 | 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
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
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
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
2022 saw First Foundation Bank place emphasis on $1MM+ loans with 513 originations, totaling $2,411,935,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.19%
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 origination92.88%
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
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% |