First Capital Federal Credit Union Mortgage Rates, Fees & Info
York, PALEI: 549300WETW159N5QFR97
Tax ID: 23-1466903
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Mortgage Data
Review & Overview
First Capital Federal Credit Union is a smaller credit union specializing in 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 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 |
---|---|---|
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
203Origination Dollar Volume (All Markets)
$13,745,000Top 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) | 193 | $13,105,000 | $67,902 | $770 | 5.18% |
Outside of Metro Areas | 10 | $640,000 | $64,000 | $555 | 5.61% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 159 | $11,855,000 | $74,560 | $763 | 4.98% |
HELOC | 44 | $1,890,000 | $42,955 | n/a | 5.98% |
For 2019, First Capital Federal Credit Union's most frequently originated type of loan was Conventional, with 159 originations. Their 2nd most popular type was HELOC, with 44 originations.
Loan Reason
For 2019, First Capital Federal Credit Union's most frequently cited loan purpose was Refi, with 82 originations. The 2nd most popular reason was Other, with 52 originations.
Loan Duration/Length
For 2019, First Capital Federal Credit Union's most frequently cited loan duration was 10 Year, with 82 originations. The 2nd most popular length was 15 Year, with 40 originations.
Origination Fees/Closing Costs
Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
---|---|---|---|
$<1k | 115 | $6,435,000 | $55,957 |
$1k-2k | 6 | $1,030,000 | $171,667 |
First Capital Federal Credit Union's average total fees were $3,586, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 115 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 93 | $5,575,000 | $59,946 |
5-6% | 90 | $6,930,000 | $77,000 |
6-7% | 8 | $330,000 | $41,250 |
7-8% | 6 | $230,000 | $38,333 |
3-4% | 4 | $570,000 | $142,500 |
During 2019, First Capital Federal Credit Union's average interest rate for loans was 4.03%, while their most frequently originated rate bucket for loans was 4-5%, with 93 originations.
Loan Sizing
2019 saw First Capital Federal Credit Union place emphasis on $100,000 or less loans with 164 originations, totaling $7,400,000 in origination value.
Applicant Income
First Capital Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 65 originations. The second most popular income band? $100k-150k, with 38 originations.
Applicant Debt to Income Ratio
First Capital Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 4 originations. The next most common DTI ratio? 30-36%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.00%
First Capital Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination75.86%
First Capital Federal Credit Union has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 203 | $13,745,000 | $67,709 |
Occupancy Type Mix
LTV Distribution
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
First Technology Federal Credit Union | Conventional home mortgage | Trouble during payment process | 4 | 57.1% |
First Technology Federal Credit Union | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
First Technology Federal Credit Union | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 14.3% |
First Technology Federal Credit Union | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |