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 Lancaster .

    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% 11/21/24
    30 Year Conventional Purchase 6.59% 11/21/24
    30 Year Cash-out Refi 6.72% 11/21/24
    15 Year Conventional Purchase 5.00% 11/21/24
    15 Year Conventional Refi 5.00% 11/21/24
    15 Year Cash-out Refi 5.00% 11/21/24
    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

    328

    Origination Dollar Volume (All Markets)

    $26,180,000

    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) 301 $23,435,000 $77,857 $658 4.00%
    Outside of Metro Areas 26 $2,390,000 $91,923 $532 4.39%
    LANCASTER, PA (FHA|USDA|VA) 1 $355,000 $355,000 $6,054 3.23%
    First Capital Federal Credit Union's top markets include York and Lancaster 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 268 $21,040,000 $78,507 $676 3.87%
    HELOC 60 $5,140,000 $85,667 n/a 4.76%

    For 2022, First Capital Federal Credit Union's most frequently originated type of loan was Conventional, with 268 originations. Their 2nd most popular type was HELOC, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 142 $7,770,000 $54,718 $560 3.74%
    Refi 94 $10,360,000 $110,213 $643 4.33%
    Other 64 $3,390,000 $52,969 $545 3.83%
    Home Purchase 25 $4,295,000 $171,800 $3,035 5.12%
    Cash Out Refi 3 $365,000 $121,667 $3,894 4.10%

    For 2022, First Capital Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 142 originations. The 2nd most popular reason was Refi, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 175 $9,805,000 $56,029 $541 3.74%
    Other 77 $9,795,000 $127,208 $560 4.57%
    15 Year 48 $4,610,000 $96,042 $616 4.41%
    5 Year 17 $455,000 $26,765 $587 3.45%
    30 Year 6 $1,040,000 $173,333 $4,252 4.06%
    20 Year 5 $475,000 $95,000 $1,178 4.47%

    For 2022, First Capital Federal Credit Union's most frequently cited loan duration was 10 Year, with 175 originations. The 2nd most popular length was Other, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 216 $12,750,000 $59,028
    $1k-2k 5 $725,000 $145,000
    $2k-3k 2 $440,000 $220,000

    First Capital Federal Credit Union's average total fees were $4,252, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 216 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 132 $8,850,000 $67,045
    4-5% 76 $8,150,000 $107,237
    2.5-3% 72 $3,870,000 $53,750
    5-6% 36 $3,900,000 $108,333
    6-7% 6 $440,000 $73,333
    7-8% 4 $750,000 $187,500

    During 2022, First Capital Federal Credit Union's average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 3-4%, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 253 $12,255,000 $48,439 $596 3.88%
    $100k-200k 50 $6,710,000 $134,200 $925 4.52%
    $200k-400k 22 $5,890,000 $267,727 $1,829 4.65%
    $400k-600k 3 $1,325,000 $441,667 $0 4.33%

    2022 saw First Capital Federal Credit Union place emphasis on $100,000 or less loans with 253 originations, totaling $12,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 64 $4,250,000 $66,406 $619 3.96%
    $50k-75k 63 $3,945,000 $62,619 $770 3.76%
    $50k or less 62 $3,750,000 $60,484 $698 3.94%
    $100k-150k 60 $3,230,000 $53,833 $524 3.81%
    $150k-250k 38 $3,800,000 $100,000 $799 3.97%
    $250k+ 7 $1,325,000 $189,286 $498 4.19%

    First Capital Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 64 originations. The second most popular income band? $50k-75k, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 66 $4,200,000 $63,636 $715 3.74%
    30-36% 47 $2,615,000 $55,638 $627 3.84%
    <20% 37 $3,355,000 $90,676 $489 4.03%
    50-60% 26 $1,830,000 $70,385 $737 3.76%
    >60% 16 $1,380,000 $86,250 $669 4.83%
    38% 11 $835,000 $75,909 $603 4.00%
    41% 11 $555,000 $50,455 $615 4.01%
    49% 11 $855,000 $77,727 $557 3.79%
    36% 11 $475,000 $43,182 $484 3.75%
    37% 9 $535,000 $59,444 $878 3.63%
    39% 8 $770,000 $96,250 $649 3.95%
    40% 8 $710,000 $88,750 $1,117 3.46%
    45% 7 $505,000 $72,143 $673 3.99%
    44% 6 $380,000 $63,333 $663 3.65%
    42% 5 $235,000 $47,000 $404 3.45%
    48% 4 $390,000 $97,500 $667 4.42%
    47% 4 $160,000 $40,000 $636 4.67%
    43% 4 $250,000 $62,500 $1,620 3.89%
    46% 2 $70,000 $35,000 $673 4.30%

    First Capital Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 66 originations. The next most common DTI ratio? 30-36%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 259 $18,725,000 $72,297 $651 3.88%
    Not applicable 26 $4,580,000 $176,154 $0 5.12%
    Not provided 28 $2,000,000 $71,429 $801 4.58%
    Black 11 $545,000 $49,545 $590 3.89%
    Asian 2 $270,000 $135,000 $2,453 3.34%
    American Indian 2 $60,000 $30,000 $636 3.79%

    Approval Rates

    Total approvals of all applications
    83.84%

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

    Pick Rate

    Approvals leading to origination
    82.93%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 328 $26,180,000 $79,817

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    328 $26,180,000 $79,817

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 75 $4,765,000 $63,533 $559 3.90%
    40-60% 41 $3,885,000 $94,756 $1,008 3.96%
    60-80% 62 $9,110,000 $146,935 $934 4.39%
    80-100% 20 $2,960,000 $148,000 $673 4.90%
    Over 100% 3 $995,000 $331,667 $0 5.17%
    Under 20% 124 $4,190,000 $33,790 $561 3.78%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST GUARANTY MORTGAGE CORP Conventional home mortgage Struggling to pay mortgage 1 100.0%