First Flight Federal Credit Union Mortgage Rates, Fees & Info
Cary, NCLEI: 549300SENIFFLVGUHE44
Tax ID: 56-0582031
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Mortgage Data
Review & Overview
First Flight Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. First Flight Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Morehead City, Raleigh, New Bern, Wilmington, and Greenville among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)First Flight Federal Credit Union 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.
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Originations
75Origination Dollar Volume (All Markets)
$9,225,000Top 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 |
|---|---|---|---|---|---|
| Morehead City, NC (FHA|USDA|VA) | 28 | $2,900,000 | $103,571 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 13 | $2,025,000 | $155,769 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 15 | $1,975,000 | $131,667 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $820,000 | $136,667 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Washington, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $9,225,000 | $123,000 | $0 | 0.00% |
For 2024, First Flight Federal Credit Union's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2024, First Flight Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 27 originations. The 2nd most popular reason was Other, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $9,225,000 | $123,000 | $0 | 0.00% |
For 2024, First Flight Federal Credit Union's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2024 saw First Flight Federal Credit Union place emphasis on $100,000 or less loans with 43 originations, totaling $2,555,000 in origination value.
Applicant Income
First Flight Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $9,225,000 | $123,000 | $0 | 0.00% |
First Flight Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 69 | $8,675,000 | $125,725 | $0 | 0.00% |
| Black | 4 | $300,000 | $75,000 | $0 | 0.00% |
| Not provided | 2 | $250,000 | $125,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications80.60%
First Flight Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination56.00%
First Flight Federal Credit Union 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 |
|---|---|---|---|
| Exempt | 75 | $9,225,000 | $123,000 |