Firefighters & Company Fcu Mortgage Rates, Fees & Info

Dayton, OH

LEI: 549300W8FXJXRVKIT387

Tax ID: 31-0545121

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Cincinnati, Springfield, Bellefontaine, 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.10% 9/22/24
    30 Year Conventional Refi 6.99% 9/22/24
    30 Year Cash-out Refi 8.29% 9/22/24
    30 Year FHA Purchase 6.27% 9/22/24
    30 Year VA Purchase 7.00% 9/22/24
    15 Year Conventional Purchase 5.68% 9/22/24
    15 Year Conventional Refi 6.48% 9/22/24
    15 Year Cash-out Refi 6.48% 9/22/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Firefighters & Company Fcu. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    51

    Origination Dollar Volume (All Markets)

    $5,715,000

    Awards

    Firefighters & Company FCU 30 Year Conventional Loans silver Firefighters & Company FCU 30 Year Conventional Loans silver
    Show all (2) awards

    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) 39 $4,245,000 $108,846 $1,470 4.99%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $565,000 $113,000 $1,193 3.90%
    SPRINGFIELD, OH (FHA|USDA|VA) 4 $410,000 $102,500 $2,050 4.47%
    Bellefontaine, OH (FHA|USDA|VA) 1 $285,000 $285,000 $3,575 6.13%
    Sidney, OH (FHA|USDA|VA) 1 $165,000 $165,000 $3,002 5.13%
    Outside of Metro Areas 1 $45,000 $45,000 $0 3.25%
    Firefighters & Company Fcu's top markets include Dayton, Cincinnati, Springfield, Bellefontaine, and Sidney among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)

    • 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.

    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 94
    Greenville Federal
    Similarity Rank: 420
    GENERAL ELECTRIC CREDIT UNION
    Similarity Rank: 450
    Firefighters & Company FCU
    Similarity Rank: 480
    1st National Bank
    Similarity Rank: 660
    KEMBA CREDIT UNION, INC.
    Similarity Rank: 880
    The Old Fort Banking Company
    Similarity Rank: 1029
    UNIVERSAL 1 CREDIT UNION
    Similarity Rank: 1140
    First Bank Richmond
    Similarity Rank: 1428
    LAKEVIEW LOAN SERVICING, LLC
    Similarity Rank: 2367

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 49 $5,415,000 $110,510 $1,476 4.80%
    VA 2 $300,000 $150,000 $2,864 5.69%

    For 2022, Firefighters & Company Fcu's most frequently originated type of loan was Conventional, with 49 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $2,930,000 $162,778 $2,598 5.74%
    Other 15 $985,000 $65,667 $221 4.45%
    Home Improvement 9 $645,000 $71,667 $0 4.33%
    Refi 5 $535,000 $107,000 $3,313 4.00%
    Cash Out Refi 4 $620,000 $155,000 $2,857 4.38%

    For 2022, Firefighters & Company Fcu's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Other, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 25 $1,665,000 $66,600 $258 4.38%
    30 Year 21 $3,415,000 $162,619 $2,612 5.65%
    15 Year 5 $635,000 $127,000 $3,354 3.70%

    For 2022, Firefighters & Company Fcu's most frequently cited loan duration was 10 Year, with 25 originations. The 2nd most popular length was 30 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 47 $5,295,000 $112,660
    $1k-2k 3 $285,000 $95,000
    $3k-4k 1 $135,000 $135,000

    Firefighters & Company Fcu's average total fees were $2,612, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 47 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 16 $1,320,000 $82,500
    5-6% 12 $1,960,000 $163,333
    4-5% 10 $790,000 $79,000
    6-7% 9 $1,265,000 $140,556
    Over 8% 1 $45,000 $45,000
    2.5-3% 1 $125,000 $125,000
    7-8% 1 $75,000 $75,000
    <2.5% 1 $135,000 $135,000

    During 2022, Firefighters & Company Fcu's average interest rate for loans was 5.65%, while their most frequently originated rate bucket for loans was 3-4%, with 16 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,385,000 $55,400 $749 4.61%
    $100k-200k 20 $2,790,000 $139,500 $2,139 4.78%
    $200k-400k 6 $1,540,000 $256,667 $2,763 5.96%

    2022 saw Firefighters & Company Fcu place emphasis on $100,000 or less loans with 25 originations, totaling $1,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $1,365,000 $105,000 $824 4.66%
    $75k-100k 12 $1,330,000 $110,833 $1,309 5.28%
    $50k or less 9 $605,000 $67,222 $1,764 4.34%
    $50k-75k 8 $1,120,000 $140,000 $2,759 5.03%
    $150k-250k 6 $1,080,000 $180,000 $1,731 4.94%
    $250k+ 3 $215,000 $71,667 $1,107 4.54%

    Firefighters & Company Fcu lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $1,170,000 $97,500 $1,753 4.49%
    30-36% 11 $1,085,000 $98,636 $1,051 4.25%
    <20% 6 $440,000 $73,333 $863 4.38%
    40% 4 $610,000 $152,500 $760 5.56%
    41% 3 $575,000 $191,667 $2,101 4.67%
    38% 3 $265,000 $88,333 $1,832 5.54%
    37% 2 $240,000 $120,000 $2,426 4.94%
    44% 2 $110,000 $55,000 $0 7.38%
    45% 2 $190,000 $95,000 $1,427 5.43%
    47% 2 $390,000 $195,000 $2,735 4.63%
    46% 1 $215,000 $215,000 $3,194 5.75%
    36% 1 $85,000 $85,000 $2,631 5.25%
    39% 1 $215,000 $215,000 $3,706 6.13%
    43% 1 $125,000 $125,000 $2,757 4.88%

    Firefighters & Company Fcu lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 30-36%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $5,430,000 $118,043 $1,526 4.90%
    Black 4 $250,000 $62,500 $1,191 4.41%
    Not provided 1 $35,000 $35,000 $3,132 3.63%

    Approval Rates

    Total approvals of all applications
    85.71%

    Firefighters & Company Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.24%

    Firefighters & Company Fcu has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 51 $5,715,000 $112,059

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    51 $5,715,000 $112,059

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $540,000 $67,500 $391 4.52%
    40-60% 8 $940,000 $117,500 $1,815 3.90%
    60-80% 9 $1,525,000 $169,444 $2,655 4.96%
    80-100% 15 $2,125,000 $141,667 $2,435 5.64%
    Under 20% 11 $585,000 $53,182 $0 4.54%