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, Morehead City, Raleigh, Greenville, and Fayetteville among others. We have data for 14 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 a below 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
131Origination Dollar Volume (All Markets)
$19,875,000Top 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) | 48 | $6,130,000 | $127,708 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 35 | $5,375,000 | $153,571 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 18 | $3,690,000 | $205,000 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 13 | $1,675,000 | $128,846 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 0.00% |
| Kinston, NC (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Wilson, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Washington, 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 | 131 | $19,875,000 | $151,718 | $0 | 0.00% |
For 2021, First Flight Federal Credit Union's most frequently originated type of loan was Conventional, with 131 originations.
Loan Reason
For 2021, First Flight Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 72 originations. The 2nd most popular reason was Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 131 | $19,875,000 | $151,718 | $0 | 0.00% |
For 2021, First Flight Federal Credit Union's most frequently cited loan duration was Other, with 131 originations.
Loan Sizing
2021 saw First Flight Federal Credit Union place emphasis on $100k-200k loans with 66 originations, totaling $9,520,000 in origination value.
Applicant Income
First Flight Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $100k-150k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 131 | $19,875,000 | $151,718 | $0 | 0.00% |
First Flight Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 131 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications68.35%
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 origination86.26%
First Flight Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 131 | $19,875,000 | $151,718 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Technology Federal Credit Union | Other type of mortgage | Trouble during payment process | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Closing on a mortgage | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Incorrect information on your report | 1 | 14.3% |
| First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |
| First Technology Federal Credit Union | FHA mortgage | Struggling to pay 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% |