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 Home Improvement and Refi loans. First Capital Federal Credit Union has a high proportion of conventional loans. Their top two markets are York and Harrisburg .

    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.

    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% 5/20/24
    30 Year Conventional Purchase 6.59% 5/20/24
    30 Year Cash-out Refi 6.72% 5/20/24
    15 Year Conventional Purchase 5.00% 5/20/24
    15 Year Conventional Refi 5.00% 5/20/24
    15 Year Cash-out Refi 5.00% 5/20/24
    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

    395

    Origination Dollar Volume (All Markets)

    $32,785,000

    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) 369 $30,315,000 $82,154 $757 3.12%
    Outside of Metro Areas 25 $2,395,000 $95,800 $575 3.12%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $3,002 2.63%
    First Capital Federal Credit Union's top markets include York and Harrisburg 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 336 $28,780,000 $85,655 $753 3.00%
    HELOC 59 $4,005,000 $67,881 n/a 3.80%

    For 2021, First Capital Federal Credit Union's most frequently originated type of loan was Conventional, with 336 originations. Their 2nd most popular type was HELOC, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 178 $9,390,000 $52,753 $616 3.01%
    Refi 153 $17,115,000 $111,863 $729 3.10%
    Other 41 $1,985,000 $48,415 $586 3.33%
    Home Purchase 19 $3,185,000 $167,632 $2,273 3.74%
    Cash Out Refi 4 $1,110,000 $277,500 $4,440 3.18%

    For 2021, First Capital Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 178 originations. The 2nd most popular reason was Refi, with 153 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 182 $10,760,000 $59,121 $622 3.04%
    15 Year 108 $11,380,000 $105,370 $749 2.90%
    Other 49 $5,175,000 $105,612 $614 3.52%
    5 Year 25 $815,000 $32,600 $627 3.22%
    20 Year 19 $2,475,000 $130,263 $762 3.82%
    30 Year 8 $1,950,000 $243,750 $4,203 3.31%
    3 Year 4 $230,000 $57,500 $498 3.28%

    For 2021, First Capital Federal Credit Union's most frequently cited loan duration was 10 Year, with 182 originations. The 2nd most popular length was 15 Year, with 108 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 297 $23,055,000 $77,626
    $1k-2k 8 $1,020,000 $127,500
    $2k-3k 1 $325,000 $325,000

    First Capital Federal Credit Union's average total fees were $4,203, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 297 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 130 $10,670,000 $82,077
    2.5-3% 122 $11,640,000 $95,410
    <2.5% 101 $6,095,000 $60,347
    4-5% 41 $4,345,000 $105,976

    During 2021, First Capital Federal Credit Union's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 268 $12,020,000 $44,851 $641 3.09%
    $100k-200k 99 $13,325,000 $134,596 $873 3.13%
    $200k-400k 25 $6,035,000 $241,400 $1,310 3.23%
    $400k-600k 3 $1,405,000 $468,333 $4,670 3.67%

    2021 saw First Capital Federal Credit Union place emphasis on $100,000 or less loans with 268 originations, totaling $12,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 98 $7,660,000 $78,163 $680 3.02%
    $50k or less 87 $5,165,000 $59,368 $663 3.14%
    $75k-100k 72 $5,920,000 $82,222 $799 3.02%
    $50k-75k 68 $4,790,000 $70,441 $868 3.01%
    $150k-250k 39 $4,505,000 $115,513 $833 3.01%
    $250k+ 7 $635,000 $90,714 $571 3.28%

    First Capital Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 98 originations. The second most popular income band? $50k or less, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 94 $7,050,000 $75,000 $729 2.93%
    30-36% 65 $4,105,000 $63,154 $682 3.02%
    <20% 43 $3,515,000 $81,744 $698 3.01%
    50-60% 20 $1,440,000 $72,000 $613 3.16%
    >60% 18 $1,870,000 $103,889 $568 3.28%
    37% 15 $1,205,000 $80,333 $640 2.95%
    43% 14 $1,160,000 $82,857 $668 3.10%
    36% 12 $1,000,000 $83,333 $1,240 3.01%
    39% 12 $1,180,000 $98,333 $589 3.11%
    44% 11 $765,000 $69,545 $934 2.89%
    45% 10 $690,000 $69,000 $572 3.43%
    41% 10 $870,000 $87,000 $1,404 3.17%
    42% 9 $585,000 $65,000 $626 2.96%
    38% 8 $960,000 $120,000 $1,422 3.37%
    40% 7 $495,000 $70,714 $1,218 3.52%
    48% 6 $730,000 $121,667 $1,177 3.05%
    46% 6 $490,000 $81,667 $593 3.09%
    49% 5 $275,000 $55,000 $673 3.32%
    47% 5 $255,000 $51,000 $592 2.85%

    First Capital Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 94 originations. The next most common DTI ratio? 30-36%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 334 $26,100,000 $78,144 $749 3.08%
    Not applicable 22 $3,890,000 $176,818 $0 4.17%
    Not provided 21 $1,495,000 $71,190 $817 2.95%
    Black 10 $630,000 $63,000 $620 2.94%
    Other Asian 2 $250,000 $125,000 $623 2.43%
    Asian 3 $165,000 $55,000 $1,333 2.49%
    American Indian 1 $105,000 $105,000 $323 2.50%
    Asian Indian 1 $105,000 $105,000 $673 2.50%
    Chinese 1 $45,000 $45,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    83.67%

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

    Pick Rate

    Approvals leading to origination
    83.29%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 395 $32,785,000 $83,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    395 $32,785,000 $83,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 82 $4,950,000 $60,366 $618 3.00%
    40-60% 65 $6,425,000 $98,846 $640 2.99%
    60-80% 85 $12,285,000 $144,529 $1,006 3.24%
    80-100% 32 $5,170,000 $161,563 $1,479 3.54%
    Under 20% 130 $3,920,000 $30,154 $623 3.07%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    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 Other type of mortgage Trouble during payment process 1 14.3%
    First Technology Federal Credit Union FHA mortgage Struggling to pay mortgage 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Closing on a mortgage 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Incorrect information on your report 1 14.3%
    First Technology Federal Credit Union Conventional home mortgage Trouble during payment process 2 28.6%