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
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Mortgage Data
Review & Overview
First Flight Federal Credit Union is a smaller credit union specializing in Cash Out 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, Greenville, Raleigh, and Jacksonville 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
50Origination Dollar Volume (All Markets)
$5,680,000Top 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) | 23 | $2,745,000 | $119,348 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 9 | $1,165,000 | $129,444 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $415,000 | $83,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Kinston, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Wilson, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| FAYETTEVILLE, 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 | 50 | $5,680,000 | $113,600 | $0 | 0.00% |
For 2022, First Flight Federal Credit Union's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2022, First Flight Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 35 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $5,680,000 | $113,600 | $0 | 0.00% |
For 2022, First Flight Federal Credit Union's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
2022 saw First Flight Federal Credit Union place emphasis on $100,000 or less loans with 23 originations, totaling $1,155,000 in origination value.
Applicant Income
First Flight Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $5,680,000 | $113,600 | $0 | 0.00% |
First Flight Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.50%
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 origination92.00%
First Flight Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $5,680,000 | $113,600 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST GUARANTY MORTGAGE CORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |