First Capital Federal Credit Union Mortgage Rates, Fees & Info

York, PA

LEI: 549300WETW159N5QFR97

Tax ID: 23-1466903

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi, Home Improvement, and Other loans. First Capital Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: York, Dover, Gettysburg, and St. Marys among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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% 11/23/24
    30 Year Conventional Purchase 6.59% 11/23/24
    30 Year Cash-out Refi 6.72% 11/23/24
    15 Year Conventional Purchase 5.00% 11/23/24
    15 Year Conventional Refi 5.00% 11/23/24
    15 Year Cash-out Refi 5.00% 11/23/24
    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

    265

    Origination Dollar Volume (All Markets)

    $18,355,000

    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) 250 $16,650,000 $66,600 $1,023 4.14%
    Outside of Metro Areas 12 $1,260,000 $105,000 $555 4.24%
    DOVER, DE (FHA|USDA|VA) 1 $245,000 $245,000 $2,937 3.13%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,057 3.13%
    St. Marys, PA (FHA|USDA|VA) 1 $55,000 $55,000 $3,224 4.75%
    First Capital Federal Credit Union's top markets include York, Dover, Gettysburg, and St. Marys among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 192 $13,780,000 $71,771 $1,063 4.01%
    HELOC 73 $4,575,000 $62,671 n/a 4.46%

    For 2020, First Capital Federal Credit Union's most frequently originated type of loan was Conventional, with 192 originations. Their 2nd most popular type was HELOC, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 97 $8,005,000 $82,526 $1,111 4.13%
    Home Improvement 95 $4,175,000 $43,947 $628 4.15%
    Other 54 $4,170,000 $77,222 $652 4.16%
    Home Purchase 11 $825,000 $75,000 $1,492 4.52%
    Cash Out Refi 8 $1,180,000 $147,500 $4,602 3.34%

    For 2020, First Capital Federal Credit Union's most frequently cited loan purpose was Refi, with 97 originations. The 2nd most popular reason was Home Improvement, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 151 $7,605,000 $50,364 $704 4.13%
    Other 41 $3,725,000 $90,854 $506 4.40%
    15 Year 34 $3,130,000 $92,059 $1,923 4.04%
    20 Year 19 $2,415,000 $127,105 $1,092 4.28%
    5 Year 12 $400,000 $33,333 $644 3.66%
    30 Year 6 $1,030,000 $171,667 $4,048 3.56%
    3 Year 2 $50,000 $25,000 $636 3.92%

    For 2020, First Capital Federal Credit Union's most frequently cited loan duration was 10 Year, with 151 originations. The 2nd most popular length was Other, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 139 $7,455,000 $53,633
    $1k-2k 13 $2,035,000 $156,538
    $2k-3k 6 $840,000 $140,000
    $3k-4k 1 $155,000 $155,000

    First Capital Federal Credit Union's average total fees were $4,048, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 139 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 144 $9,470,000 $65,764
    4-5% 83 $6,155,000 $74,157
    5-6% 26 $1,310,000 $50,385
    2.5-3% 7 $1,175,000 $167,857
    6-7% 3 $125,000 $41,667
    <2.5% 1 $55,000 $55,000

    During 2020, First Capital Federal Credit Union's average interest rate for loans was 3.56%, while their most frequently originated rate bucket for loans was 3-4%, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 212 $9,480,000 $44,717 $700 4.18%
    $100k-200k 40 $5,510,000 $137,750 $2,807 4.02%
    $200k-400k 11 $2,475,000 $225,000 $2,609 3.69%
    $400k-600k 2 $890,000 $445,000 $0 4.00%

    2020 saw First Capital Federal Credit Union place emphasis on $100,000 or less loans with 212 originations, totaling $9,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 68 $3,820,000 $56,176 $835 4.19%
    $75k-100k 51 $3,075,000 $60,294 $1,323 4.06%
    $50k-75k 50 $2,710,000 $54,200 $721 4.08%
    $100k-150k 49 $3,675,000 $75,000 $1,341 3.98%
    $150k-250k 26 $2,380,000 $91,538 $1,244 4.22%
    $250k+ 4 $400,000 $100,000 $648 3.82%

    First Capital Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 68 originations. The second most popular income band? $75k-100k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 55 $3,695,000 $67,182 $1,249 3.99%
    <20% 41 $2,885,000 $70,366 $993 4.29%
    30-36% 36 $2,550,000 $70,833 $1,556 3.99%
    50-60% 34 $2,180,000 $64,118 $549 4.20%
    >60% 11 $815,000 $74,091 $498 4.39%
    39% 9 $425,000 $47,222 $1,339 4.26%
    38% 9 $395,000 $43,889 $573 4.02%
    43% 7 $405,000 $57,857 $668 4.20%
    48% 7 $325,000 $46,429 $623 4.06%
    36% 6 $500,000 $83,333 $970 3.96%
    44% 6 $430,000 $71,667 $1,350 3.68%
    37% 6 $260,000 $43,333 $586 4.25%
    40% 5 $135,000 $27,000 $603 3.92%
    46% 3 $95,000 $31,667 $673 3.73%
    47% 3 $175,000 $58,333 $1,698 4.34%
    49% 3 $335,000 $111,667 $3,838 3.63%
    41% 3 $215,000 $71,667 $673 3.68%
    42% 2 $140,000 $70,000 $0 4.38%
    45% 1 $35,000 $35,000 $673 3.60%

    First Capital Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? <20%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 232 $14,650,000 $63,147 $1,006 4.10%
    Not applicable 17 $2,295,000 $135,000 $0 4.69%
    Not provided 3 $545,000 $181,667 $3,944 3.04%
    Black 6 $300,000 $50,000 $615 4.23%
    Asian Indian 2 $290,000 $145,000 $2,487 3.30%
    Asian 2 $120,000 $60,000 $598 4.06%
    Chinese 1 $75,000 $75,000 $0 4.25%
    Other Pacific Islander 1 $45,000 $45,000 $0 5.75%
    American Indian 1 $35,000 $35,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    80.84%

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

    Pick Rate

    Approvals leading to origination
    75.85%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 265 $18,355,000 $69,264

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,010,000 $252,500
    Single Family (1-4 Units):Manufactured 1 $15,000 $15,000
    Single Family (1-4 Units):Site-Built 260 $17,330,000 $66,654

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 69 $3,225,000 $46,739 $623 4.06%
    40-60% 38 $3,150,000 $82,895 $1,042 4.09%
    60-80% 68 $7,530,000 $110,735 $1,893 4.17%
    80-100% 16 $2,450,000 $153,125 $2,004 4.16%
    Under 20% 73 $1,935,000 $26,507 $700 4.19%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Home equity loan or line of credit (HELOC) Closing on a mortgage 1 25.0%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 1 25.0%
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 25.0%
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%