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 Home Purchase loans. Firefighters & Company Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Springfield, Bellefontaine, Columbus, and Sidney among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Firefighters & Company Fcu has an above 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 about average 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.99% | 12/16/24 |
| 30 Year Cash-out Refi | 8.29% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 7.00% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 6.48% | 12/16/24 |
| 15 Year Cash-out Refi | 6.48% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
18Origination Dollar Volume (All Markets)
$3,010,000Awards
Firefighters & Company FCU - 2019
Firefighters & Company FCU is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 11 | $1,825,000 | $165,909 | $3,192 | 4.07% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,668 | 4.44% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,480 | 3.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,511 | 3.38% |
| Sidney, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,869 | 4.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $352 | 6.00% |
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 | 15 | $2,075,000 | $138,333 | $2,480 | 4.38% |
| VA | 3 | $935,000 | $311,667 | $7,649 | 3.79% |
For 2019, Firefighters & Company Fcu's most frequently originated type of loan was Conventional, with 15 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2019, Firefighters & Company Fcu's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
For 2019, Firefighters & Company Fcu's most frequently cited loan duration was 30 Year, with 14 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 16 | $2,510,000 | $156,875 |
| $2k-3k | 1 | $475,000 | $475,000 |
Firefighters & Company Fcu's average total fees were $3,736, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 8 | $1,690,000 | $211,250 |
| 4-5% | 7 | $1,175,000 | $167,857 |
| 5-6% | 2 | $120,000 | $60,000 |
| 6-7% | 1 | $25,000 | $25,000 |
During 2019, Firefighters & Company Fcu's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 8 originations.
Loan Sizing
2019 saw Firefighters & Company Fcu place emphasis on $100k-200k loans with 9 originations, totaling $1,325,000 in origination value.
Applicant Income
Firefighters & Company Fcu lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
Firefighters & Company Fcu lent most frequently to those with DTI ratios of 30-36%, with 7 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 17 | $2,535,000 | $149,118 | $3,289 | 4.33% |
| Black | 1 | $475,000 | $475,000 | $5,038 | 3.50% |
Approval Rates
Total approvals of all applications92.00%
Firefighters & Company Fcu has an average approval rate.
Pick Rate
Approvals leading to origination72.22%
Firefighters & Company Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 18 | $3,010,000 | $167,222 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 18 | $3,010,000 | $167,222 |