First Capital Federal Credit Union Mortgage Rates, Fees & Info

York, PA

LEI: 549300WETW159N5QFR97

Tax ID: 23-1466903

5 stars - Updated: 11/17/24

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

Review & Overview

First Capital Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. First Capital Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is York.

First Capital Federal Credit Union 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. First Capital Federal Credit Union 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
Home Equity Line of Credit (HELOC)	6.15%	11/17/24
30 Year Conventional Purchase	6.59%	11/17/24
30 Year Cash-out Refi	6.72%	11/17/24
15 Year Conventional Purchase	5.00%	11/17/24
15 Year Conventional Refi	5.00%	11/17/24
15 Year Cash-out Refi	5.00%	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.

First Capital Federal Credit Union Mortgage Calculator

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

Originations

393

Origination Dollar Volume (All Markets)

$28,015,000

Relative Rate

First Capital Federal Credit Union's average 30 year fixed mortgage rate was 7.29%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.81%.

Relative Fees (Closing Costs)

First Capital Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,458.

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
YORK-HANOVER, PA (FHA\|USDA\|VA)	361	$24,465,000	$67,770	$948	5.72%
Outside of Metro Areas	32	$3,550,000	$110,938	$874	6.10%

First Capital Federal Credit Union's top markets include and York among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

(FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	356	$25,180,000	$70,730	$944	5.51%
HELOC	37	$2,835,000	$76,622	n/a	8.11%

For 2023, First Capital Federal Credit Union's most frequently originated type of loan was Conventional, with 356 originations. Their 2nd most popular type was HELOC, with 37 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Improvement	194	$9,620,000	$49,588	$909	5.43%
Refi	99	$9,405,000	$95,000	$935	6.11%
Other	73	$4,135,000	$56,644	$883	5.61%
Home Purchase	26	$4,810,000	$185,000	$3,546	7.17%
Cash Out Refi	1	$45,000	$45,000	$3,826	7.75%

For 2023, First Capital Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 194 originations. The 2nd most popular reason was Refi, with 99 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
10 Year	260	$15,490,000	$59,577	$920	5.41%
Other	69	$8,595,000	$124,565	$894	6.98%
15 Year	28	$2,230,000	$79,643	$922	6.12%
5 Year	27	$655,000	$24,259	$820	5.30%
3 Year	4	$100,000	$25,000	$875	5.70%
30 Year	3	$665,000	$221,667	$4,458	7.29%
20 Year	2	$280,000	$140,000	$790	7.16%

For 2023, First Capital Federal Credit Union's most frequently cited loan duration was 10 Year, with 260 originations. The 2nd most popular length was Other, with 69 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	303	$17,025,000	$56,188
$1k-2k	3	$665,000	$221,667

First Capital Federal Credit Union's average total fees were $4,458, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 303 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	224	$12,430,000	$55,491
6-7%	55	$4,465,000	$81,182
7-8%	48	$5,950,000	$123,958
5-6%	43	$3,025,000	$70,349
Over 8%	21	$2,015,000	$95,952

During 2023, First Capital Federal Credit Union's average interest rate for loans was 7.29%, while their most frequently originated rate bucket for loans was 4-5%, with 224 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	317	$14,325,000	$45,189	$918	5.59%
$100k-200k	58	$7,920,000	$136,552	$1,023	6.21%
$200k-400k	13	$3,355,000	$258,077	$857	7.16%
$400k-600k	5	$2,415,000	$483,000	$5,542	6.98%

2023 saw First Capital Federal Credit Union place emphasis on $100,000 or less loans with 317 originations, totaling $14,325,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	81	$5,525,000	$68,210	$978	5.33%
$50k-75k	67	$2,945,000	$43,955	$985	5.59%
$50k or less	67	$3,375,000	$50,373	$898	5.70%
$75k-100k	67	$3,255,000	$48,582	$933	5.54%
$150k-250k	53	$3,895,000	$73,491	$915	5.48%
$250k+	21	$2,715,000	$129,286	$884	6.23%

First Capital Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 81 originations. The second most popular income band? $50k-75k, with 67 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	83	$4,605,000	$55,482	$898	5.58%
30-36%	56	$3,360,000	$60,000	$993	5.63%
<20%	49	$3,495,000	$71,327	$925	5.82%
50-60%	28	$1,500,000	$53,571	$920	5.39%
>60%	17	$1,485,000	$87,353	$1,005	6.05%
49%	15	$1,245,000	$83,000	$1,292	5.70%
43%	14	$1,010,000	$72,143	$898	5.37%
36%	14	$640,000	$45,714	$977	5.21%
40%	10	$620,000	$62,000	$824	5.44%
42%	9	$485,000	$53,889	$905	5.21%
38%	8	$590,000	$73,750	$1,217	5.35%
39%	8	$290,000	$36,250	$853	5.79%
44%	8	$410,000	$51,250	$839	5.27%
37%	8	$330,000	$41,250	$765	5.49%
48%	6	$460,000	$76,667	$1,053	5.27%
41%	6	$240,000	$40,000	$890	5.37%
46%	6	$290,000	$48,333	$926	5.12%
47%	4	$220,000	$55,000	$733	5.34%
45%	4	$220,000	$55,000	$907	4.72%

First Capital Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? 30-36%, with 56 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	340	$22,920,000	$67,412	$948	5.58%
Not applicable	21	$2,665,000	$126,905	$0	7.60%
Not provided	14	$1,540,000	$110,000	$673	7.76%
Black	11	$495,000	$45,000	$881	5.19%
Asian	2	$160,000	$80,000	$940	4.84%
Other Pacific Islander	2	$110,000	$55,000	$723	6.67%
American Indian	2	$80,000	$40,000	$790	7.00%
Other Asian	1	$45,000	$45,000	$1,090	4.84%

Approval Rates

Total approvals of all applications
77.91%

First Capital Federal Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
78.88%

First Capital Federal Credit Union has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	393	$28,015,000	$71,285

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	393	$28,015,000	$71,285

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	107	$7,145,000	$66,776	$875	5.61%
40-60%	52	$4,930,000	$94,808	$934	5.82%
60-80%	36	$6,540,000	$181,667	$1,368	6.99%
80-100%	14	$2,250,000	$160,714	$1,456	6.92%
Over 100%	2	$710,000	$355,000	$0	7.25%
Under 20%	180	$6,310,000	$35,056	$940	5.47%