First Flight Federal Credit Union Mortgage Rates, Fees & Info

Cary, NC

LEI: 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 Cash Out Refi 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, New Bern, Raleigh, Greenville, and Durham among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Flight Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

92

Origination Dollar Volume (All Markets)

$11,030,000

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
Morehead City, NC (FHA|USDA|VA) 22 $2,950,000 $134,091 $0 0.00%
NEW BERN, NC (FHA|USDA|VA) 25 $2,735,000 $109,400 $0 0.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 19 $2,515,000 $132,368 $0 0.00%
GREENVILLE, NC (FHA|USDA|VA) 9 $835,000 $92,778 $0 0.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $500,000 $125,000 $0 0.00%
Kinston, NC (FHA|USDA|VA) 4 $470,000 $117,500 $0 0.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $430,000 $107,500 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Wilson, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
First Flight Federal Credit Union's top markets include Morehead City, New Bern, Raleigh, Greenville, and Durham among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 92 $11,030,000 $119,891 $0 0.00%

    For 2019, First Flight Federal Credit Union's most frequently originated type of loan was Conventional, with 92 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 62 $6,000,000 $96,774 $0 0.00%
    Home Purchase 19 $3,085,000 $162,368 $0 0.00%
    Refi 11 $1,945,000 $176,818 $0 0.00%

    For 2019, First Flight Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 62 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 92 $11,030,000 $119,891 $0 0.00%

    For 2019, First Flight Federal Credit Union's most frequently cited loan duration was Other, with 92 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 41 $2,445,000 $59,634 $0 0.00%
    $100k-200k 39 $5,305,000 $136,026 $0 0.00%
    $200k-400k 12 $3,280,000 $273,333 $0 0.00%

    2019 saw First Flight Federal Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $2,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $3,775,000 $139,815 $0 0.00%
    $50k-75k 25 $2,925,000 $117,000 $0 0.00%
    $50k or less 17 $1,485,000 $87,353 $0 0.00%
    $75k-100k 14 $1,350,000 $96,429 $0 0.00%
    $150k-250k 9 $1,495,000 $166,111 $0 0.00%

    First Flight Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 92 $11,030,000 $119,891 $0 0.00%

    First Flight Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 92 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $10,355,000 $121,824 $0 0.00%
    Black 6 $570,000 $95,000 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    52.08%

    First Flight Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    91.30%

    First Flight Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 92 $11,030,000 $119,891

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $465,000 $93,000
    Single Family (1-4 Units):Site-Built 87 $10,565,000 $121,437

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    First Technology Federal Credit Union Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    First Technology Federal Credit Union Home equity loan or line of credit (HELOC) Trouble during payment process 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 4 57.1%