Firefighters & Company Fcu Mortgage Rates, Fees & Info
Dayton, OHLEI: 549300W8FXJXRVKIT387
Tax ID: 31-0545121
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Mortgage Data
Review & Overview
Firefighters & Company Fcu is a smaller credit union specializing in Other and Home Purchase loans. Firefighters & Company Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Cincinnati, and Wapakoneta among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Firefighters & Company Fcu 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. Firefighters & Company Fcu is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.10% | 11/17/24 |
| 30 Year Conventional Refi | 6.99% | 11/17/24 |
| 30 Year Cash-out Refi | 8.29% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 7.00% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 6.48% | 11/17/24 |
| 15 Year Cash-out Refi | 6.48% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Firefighters & Company Fcu Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
22Origination Dollar Volume (All Markets)
$2,520,000Relative Rate
Firefighters & Company Fcu's average 30 year fixed mortgage rate was
7.08%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.6%.
Relative Fees (Closing Costs)
Firefighters & Company Fcu's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,044.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 18 | $1,710,000 | $95,000 | $1,939 | 7.97% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,033 | 7.25% |
| Outside of Metro Areas | 1 | $235,000 | $235,000 | $3,497 | 7.75% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $392 | 7.37% |
Similar Lenders
We use machine learning to identify the top lenders compared against Firefighters & Company FCU based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $2,520,000 | $114,545 | $2,039 | 7.87% |
For 2023, Firefighters & Company Fcu's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
For 2023, Firefighters & Company Fcu's most frequently cited loan purpose was Other, with 8 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
For 2023, Firefighters & Company Fcu's most frequently cited loan duration was 10 Year, with 10 originations. The 2nd most popular length was 30 Year, with 10 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 20 | $2,210,000 | $110,500 |
| $1k-2k | 1 | $55,000 | $55,000 |
| $5k+ | 1 | $255,000 | $255,000 |
Firefighters & Company Fcu's average total fees were $4,044, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 9 | $1,255,000 | $139,444 |
| Over 8% | 9 | $625,000 | $69,444 |
| 6-7% | 4 | $640,000 | $160,000 |
During 2023, Firefighters & Company Fcu's average interest rate for loans was 7.08%, while their most frequently originated rate bucket for loans was 7-8%, with 9 originations.
Loan Sizing
2023 saw Firefighters & Company Fcu place emphasis on $100,000 or less loans with 14 originations, totaling $800,000 in origination value.
Applicant Income
Firefighters & Company Fcu lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
Firefighters & Company Fcu lent most frequently to those with DTI ratios of <20%, with 5 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.74%
Firefighters & Company Fcu has an average approval rate.
Pick Rate
Approvals leading to origination40.91%
Firefighters & Company Fcu 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 |
|---|---|---|---|
| NA | 22 | $2,520,000 | $114,545 |