First Choice Loan Services Mortgage Rates, Fees & Info
EAST BRUNSWICK, NJLEI: 549300PUSSF737Y6XW86
Tax ID: 27-1190043
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Mortgage Data
Review & Overview
First Choice Loan Services is a smaller mortgage company specializing in Refi and Home Purchase loans. First Choice Loan Services has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, New York, Phoenix, Seattle, and San Francisco among others. We have data for 189 markets. (Some data included below & more in-depth data is available with an active subscription.)First Choice Loan Services 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 Choice Loan Services 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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Originations
1,684Origination Dollar Volume (All Markets)
$604,120,000Awards
FIRST CHOICE LOAN SERVICES - 2020
FIRST CHOICE LOAN SERVICES is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 159 | $72,815,000 | $457,956 | $1,607 | 3.37% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 79 | $27,805,000 | $351,962 | $2,998 | 3.51% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 80 | $26,870,000 | $335,875 | $2,753 | 3.68% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 55 | $21,935,000 | $398,818 | $1,486 | 3.34% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 39 | $21,675,000 | $555,769 | $1,942 | 3.46% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 49 | $21,515,000 | $439,082 | $1,211 | 3.30% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 77 | $21,115,000 | $274,221 | $4,567 | 4.04% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 45 | $20,555,000 | $456,778 | $2,223 | 3.37% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 57 | $18,605,000 | $326,404 | $2,472 | 3.44% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 39 | $18,045,000 | $462,692 | $2,919 | 3.61% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 51 | $16,235,000 | $318,333 | $3,868 | 3.62% |
| RENO, NV (FHA|USDA|VA) | 49 | $15,835,000 | $323,163 | $3,858 | 3.86% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 36 | $12,930,000 | $359,167 | $2,078 | 3.53% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 33 | $12,655,000 | $383,485 | $2,035 | 3.28% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 32 | $11,770,000 | $367,813 | $2,131 | 3.54% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 31 | $11,155,000 | $359,839 | $879 | 3.28% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 36 | $10,990,000 | $305,278 | $2,341 | 3.72% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 29 | $10,605,000 | $365,690 | $1,329 | 3.29% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 27 | $10,335,000 | $382,778 | $1,859 | 3.37% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 36 | $8,220,000 | $228,333 | $5,412 | 3.99% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 17 | $6,735,000 | $396,176 | $1,296 | 3.34% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 19 | $6,715,000 | $353,421 | $3,947 | 3.65% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 19 | $6,585,000 | $346,579 | $1,391 | 3.20% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 18 | $6,090,000 | $338,333 | $2,267 | 3.49% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 13 | $5,395,000 | $415,000 | $1,629 | 3.04% |
| Outside of Metro Areas | 16 | $5,280,000 | $330,000 | $4,127 | 3.93% |
| SALINAS, CA (FHA|USDA|VA) | 11 | $4,845,000 | $440,455 | $1,064 | 3.28% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 13 | $4,655,000 | $358,077 | $1,075 | 3.55% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 8 | $4,500,000 | $562,500 | $3,626 | 3.48% |
| PROVO-OREM, UT (FHA|USDA|VA) | 11 | $4,315,000 | $392,273 | $1,352 | 3.33% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 16 | $4,160,000 | $260,000 | $3,307 | 3.68% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 11 | $4,125,000 | $375,000 | $656 | 3.36% |
| VALLEJO, CA (FHA|USDA|VA) | 11 | $4,055,000 | $368,636 | $1,056 | 3.56% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 8 | $3,750,000 | $468,750 | $1,585 | 3.33% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 14 | $3,500,000 | $250,000 | $2,681 | 3.76% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $3,445,000 | $492,143 | $1,473 | 3.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 26 | $3,270,000 | $125,769 | $3,135 | 3.63% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 6 | $3,120,000 | $520,000 | $8,007 | 3.42% |
| BOISE CITY, ID (FHA|USDA|VA) | 9 | $3,115,000 | $346,111 | $2,548 | 3.79% |
| FRESNO, CA (FHA|USDA|VA) | 7 | $2,545,000 | $363,571 | $2,318 | 3.64% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 7 | $2,485,000 | $355,000 | $4,386 | 3.55% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $2,475,000 | $495,000 | $4,325 | 3.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 6 | $2,390,000 | $398,333 | $1,440 | 3.17% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 7 | $2,375,000 | $339,286 | $5,491 | 3.16% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $1,416 | 3.59% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $2,350,000 | $391,667 | $1,871 | 3.25% |
| STOCKTON, CA (FHA|USDA|VA) | 6 | $2,260,000 | $376,667 | $1,243 | 3.10% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 10 | $2,210,000 | $221,000 | $2,662 | 4.02% |
| ANCHORAGE, AK (FHA|USDA|VA) | 6 | $2,180,000 | $363,333 | $1,559 | 3.27% |
| Outside of Metro Areas | 5 | $2,045,000 | $409,000 | $2,356 | 3.45% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 6 | $2,030,000 | $338,333 | $3,081 | 3.48% |
| BELLINGHAM, WA (FHA|USDA|VA) | 5 | $1,975,000 | $395,000 | $967 | 3.30% |
| NAPA, CA (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $855 | 3.53% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $2,211 | 3.81% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $1,870,000 | $311,667 | $1,023 | 3.12% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $1,542 | 2.83% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $1,445 | 3.48% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $1,715,000 | $571,667 | $4,256 | 3.37% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $1,476 | 3.18% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 10 | $1,670,000 | $167,000 | $3,206 | 4.06% |
| READING, PA (FHA|USDA|VA) | 12 | $1,630,000 | $135,833 | $2,754 | 4.15% |
| SANTA FE, NM (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $3,535 | 4.23% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $1,743 | 3.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $2,991 | 3.42% |
| CHICO, CA (FHA|USDA|VA) | 4 | $1,460,000 | $365,000 | $1,515 | 3.59% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $1,431 | 3.50% |
| Kapaa, HI (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $2,916 | 3.79% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $3,505 | 3.34% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $2,424 | 3.94% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $1,114 | 3.09% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $1,844 | 3.87% |
| ST. GEORGE, UT (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $980 | 3.41% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $1,735 | 3.68% |
| Kalispell, MT (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $1,595 | 2.91% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $2,745 | 3.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $4,284 | 4.02% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $1,886 | 3.56% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $3,576 | 3.60% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $4,317 | 3.46% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $1,390 | 3.42% |
| MOBILE, AL (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $4,734 | 3.92% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $1,192 | 3.04% |
| Sandpoint, ID (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $2,512 | 3.21% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $1,967 | 3.54% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $2,909 | 3.17% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $815 | 3.04% |
| Hilo, HI (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $2,181 | 3.21% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $1,688 | 3.43% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $2,344 | 3.47% |
| Boone, NC (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $4,156 | 3.44% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $1,176 | 2.91% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $3,818 | 3.13% |
| YAKIMA, WA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $3,241 | 3.58% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $1,583 | 3.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $3,632 | 3.71% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $811 | 3.25% |
| SALEM, OR (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $1,924 | 3.33% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $654 | 3.46% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,117 | 3.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $178 | 3.06% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $1,029 | 3.81% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $1,691 | 3.06% |
| CARSON CITY, NV (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $3,831 | 4.42% |
| BEND, OR (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,518 | 3.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $1,384 | 4.08% |
| REDDING, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $1,002 | 3.56% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $285 | 3.38% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $5,440 | 5.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $1,591 | 3.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $933 | 4.63% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,085 | 3.56% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $2,012 | 3.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,440 | 3.54% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $595 | 3.50% |
| Fernley, NV (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,573 | 4.44% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $1,941 | 4.31% |
| Edwards, CO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,096 | 3.13% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,794 | 3.38% |
| FAIRBANKS, AK (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $1,764 | 4.81% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 2.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $2,302 | 3.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $3,010 | 4.75% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,679 | 4.44% |
| MADISON, WI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $1,520 | 3.25% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $1,610 | 3.75% |
| MERCED, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,026 | 3.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $1,005 | 4.13% |
| Torrington, CT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,786 | 3.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,168 | 3.38% |
| DOVER, DE (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 2.50% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 2.88% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,043 | 2.75% |
| CASPER, WY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,397 | 4.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $1,250 | 2.50% |
| Show Low, AZ (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,649 | 4.04% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,213 | 2.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $13,698 | 4.25% |
| Hailey, ID (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,393 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,607 | 2.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,517 | 3.99% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,055 | 3.38% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,743 | 3.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $1,298 | 3.75% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,190 | 3.75% |
| Alexander City, AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $1,060 | 3.75% |
| Key West, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,825 | 3.13% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,386 | 3.63% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $961 | 2.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 3.50% |
| WACO, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 3.88% |
| Helena, MT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $310 | 3.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,506 | 3.63% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $780 | 3.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,199 | 3.25% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,438 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,011 | 4.49% |
| Easton, MD (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,485 | 3.25% |
| Athens, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,184 | 3.99% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,220 | 3.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $626 | 3.99% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,619 | 3.63% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $945 | 3.99% |
| Troy, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,327 | 3.88% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,774 | 2.63% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,224 | 3.13% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,147 | 3.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,379 | 3.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,940 | 3.38% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,649 | 3.38% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,040 | 3.63% |
| Newport, OR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,863 | 3.49% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,013 | 3.75% |
| MADERA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,461 | 3.88% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,735 | 3.13% |
| TULSA, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $525 | 3.49% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,097 | 3.38% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,989 | 3.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,735 | 3.75% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $525 | 3.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,059 | 3.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,203 | 2.88% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,883 | 5.13% |
| Paris, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,975 | 5.25% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,148 | 3.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,871 | 4.25% |
| Laconia, NH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,242 | 3.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,683 | 3.63% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,260 | 3.63% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $938 | 3.88% |
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We use machine learning to identify the top lenders compared against FIRST CHOICE LOAN SERVICES 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
For 2020, First Choice Loan Services's most frequently originated type of loan was Conventional, with 1,486 originations. Their 2nd most popular type was FHA, with 108 originations.
Loan Reason
For 2020, First Choice Loan Services's most frequently cited loan purpose was Refi, with 886 originations. The 2nd most popular reason was Home Purchase, with 485 originations.
Loan Duration/Length
For 2020, First Choice Loan Services's most frequently cited loan duration was 30 Year, with 1,356 originations. The 2nd most popular length was 15 Year, with 222 originations.
Origination Fees/Closing Costs
First Choice Loan Services's average total fees were $2,682, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,370 originations.
Interest Rates
During 2020, First Choice Loan Services's average interest rate for loans was 3.65%, while their most frequently originated rate bucket for loans was 3-4%, with 1,117 originations.
Loan Sizing
2020 saw First Choice Loan Services place emphasis on $200k-400k loans with 838 originations, totaling $258,780,000 in origination value.
Applicant Income
First Choice Loan Services lent most frequently to those with incomes in the $100k-150k range, with 503 originations. The second most popular income band? $150k-250k, with 459 originations.
Applicant Debt to Income Ratio
First Choice Loan Services lent most frequently to those with DTI ratios of 20-30%, with 405 originations. The next most common DTI ratio? 30-36%, with 326 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.54%
First Choice Loan Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination57.84%
First Choice Loan Services has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $15,000 | $15,000 |
| 150.0 | 2 | $30,000 | $15,000 |
| NA | 1,681 | $604,075,000 | $359,355 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 16 | $3,160,000 | $197,500 |
| Single Family (1-4 Units):Site-Built | 1,668 | $600,960,000 | $360,288 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CHOICE LOAN SERVICES INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| FIRST CHOICE LOAN SERVICES INC. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| FIRST CHOICE LOAN SERVICES INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |