First Capital Federal Credit Union Mortgage Rates, Fees & Info

York, PA

LEI: 549300WETW159N5QFR97

Tax ID: 23-1466903

5 stars - Updated: 12/17/24 - out of 5 stars, based on 20 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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% 12/17/24
    30 Year Conventional Purchase 6.59% 12/17/24
    30 Year Cash-out Refi 6.72% 12/17/24
    15 Year Conventional Purchase 5.00% 12/17/24
    15 Year Conventional Refi 5.00% 12/17/24
    15 Year Cash-out Refi 5.00% 12/17/24
    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






    Your Estimates

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

    This is not an official calculator from First Capital Federal Credit Union. 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

    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%