First Flight Federal Credit Union Mortgage Rates, Fees & Info
Cary, NCLEI: 549300SENIFFLVGUHE44
Tax ID: 56-0582031
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Flight Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. First Flight Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New Bern, Raleigh, Morehead City, Greenville, and Kinston among others. We have data for 17 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
174Origination Dollar Volume (All Markets)
$30,260,000Top 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 |
|---|---|---|---|---|---|
| NEW BERN, NC (FHA|USDA|VA) | 57 | $9,595,000 | $168,333 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 46 | $8,480,000 | $184,348 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 30 | $5,450,000 | $181,667 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 16 | $2,420,000 | $151,250 | $0 | 0.00% |
| Kinston, NC (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $510,000 | $127,500 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Washington, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 174 | $30,260,000 | $173,908 | $0 | 0.00% |
For 2020, First Flight Federal Credit Union's most frequently originated type of loan was Conventional, with 174 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 89 | $14,305,000 | $160,730 | $0 | 0.00% |
| Refi | 58 | $11,560,000 | $199,310 | $0 | 0.00% |
| Home Purchase | 27 | $4,395,000 | $162,778 | $0 | 0.00% |
For 2020, First Flight Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 89 originations. The 2nd most popular reason was Refi, with 58 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 174 | $30,260,000 | $173,908 | $0 | 0.00% |
For 2020, First Flight Federal Credit Union's most frequently cited loan duration was Other, with 174 originations.
Loan Sizing
2020 saw First Flight Federal Credit Union place emphasis on $100k-200k loans with 86 originations, totaling $12,330,000 in origination value.
Applicant Income
First Flight Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 42 originations. The second most popular income band? $100k-150k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 174 | $30,260,000 | $173,908 | $0 | 0.00% |
First Flight Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 174 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 165 | $29,385,000 | $178,091 | $0 | 0.00% |
| Black | 8 | $780,000 | $97,500 | $0 | 0.00% |
| Not provided | 1 | $95,000 | $95,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications65.37%
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 origination93.68%
First Flight Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 174 | $30,260,000 | $173,908 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 10 | $810,000 | $81,000 |
| Single Family (1-4 Units):Site-Built | 164 | $29,450,000 | $179,573 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 25.0% |
| First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| First Technology Federal Credit Union | Conventional home mortgage | Incorrect information on your report | 1 | 25.0% |
| First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |