Firefighters First Federal Credit Union Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300ZS1TR1B4LHX377

Tax ID: 95-0949175

5 stars - out of 5 stars, based on 31 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Firefighters First Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Firefighters First Federal Credit Union has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, Oxnard, Sacramento, and San Francisco among others. Firefighters First Federal Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Firefighters First Federal Credit Union is typically a low fee lendor.


Originations

991

Origination Dollar Volume (All Markets)

$363,685,000
Show all (9) awards

Relative Rate

Firefighters First Federal Credit Union's average 30 year fixed rate mortgage of loans were 2.92%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.23%.

Relative Fees

Firefighters First Federal Credit Union's average total fees for a 30 year fixed rate mortgage are $2,715.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 226 $102,850,000 $455,088 $2,469 2.82%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 188 $66,300,000 $352,660 $2,467 2.93%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 56 $24,280,000 $433,571 $2,383 2.85%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 53 $19,545,000 $368,774 $3,100 2.89%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 22 $12,980,000 $590,000 $2,463 2.95%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 23 $11,215,000 $487,609 $3,284 3.07%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 45 $11,165,000 $248,111 $2,100 3.02%
BOISE CITY, ID (FHA|USDA|VA) 22 $9,050,000 $411,364 $2,877 2.79%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 26 $8,590,000 $330,385 $2,673 2.81%
BAKERSFIELD, CA (FHA|USDA|VA) 30 $6,860,000 $228,667 $2,816 2.87%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 25 $6,445,000 $257,800 $2,980 2.73%
Outside of Metro Areas 19 $5,285,000 $278,158 $2,766 3.07%
STOCKTON, CA (FHA|USDA|VA) 12 $4,600,000 $383,333 $2,593 2.95%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 11 $4,465,000 $405,909 $2,576 2.68%
MODESTO, CA (FHA|USDA|VA) 10 $4,310,000 $431,000 $2,853 3.19%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 17 $4,265,000 $250,882 $4,218 3.07%
VALLEJO, CA (FHA|USDA|VA) 8 $4,110,000 $513,750 $3,574 3.03%
Gardnerville Ranchos, NV (FHA|USDA|VA) 10 $3,440,000 $344,000 $2,620 2.69%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 7 $3,385,000 $483,571 $1,446 2.66%
RENO, NV (FHA|USDA|VA) 10 $3,200,000 $320,000 $2,300 2.81%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $2,855,000 $407,857 $2,764 3.09%
Truckee-Grass Valley, CA (FHA|USDA|VA) 7 $2,315,000 $330,714 $3,202 2.98%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $2,200,000 $366,667 $3,418 2.79%
Outside of Metro Areas 5 $2,185,000 $437,000 $3,731 2.83%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $2,090,000 $348,333 $2,965 2.67%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 7 $2,075,000 $296,429 $2,587 2.63%
ALBUQUERQUE, NM (FHA|USDA|VA) 7 $1,825,000 $260,714 $3,505 2.75%
MERCED, CA (FHA|USDA|VA) 3 $1,265,000 $421,667 $3,370 3.33%
CHICO, CA (FHA|USDA|VA) 4 $1,260,000 $315,000 $2,210 2.81%
FRESNO, CA (FHA|USDA|VA) 5 $1,225,000 $245,000 $2,902 2.65%
FLAGSTAFF, AZ (FHA|USDA|VA) 5 $1,075,000 $215,000 $3,510 3.23%
GRANTS PASS, OR (FHA|USDA|VA) 3 $1,035,000 $345,000 $4,296 3.13%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,010,000 $505,000 $3,418 2.75%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $995,000 $331,667 $883 3.04%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 4 $990,000 $247,500 $0 3.03%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $950,000 $475,000 $0 3.13%
ST. GEORGE, UT (FHA|USDA|VA) 3 $805,000 $268,333 $4,080 3.13%
PROVO-OREM, UT (FHA|USDA|VA) 3 $795,000 $265,000 $2,684 3.08%
Sandpoint, ID (FHA|USDA|VA) 2 $780,000 $390,000 $7,687 2.88%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $770,000 $192,500 $0 3.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $750,000 $375,000 $3,763 2.63%
MADERA, CA (FHA|USDA|VA) 3 $745,000 $248,333 $3,968 2.63%
Oak Harbor, WA (FHA|USDA|VA) 1 $715,000 $715,000 $0 2.75%
Show Low, AZ (FHA|USDA|VA) 3 $685,000 $228,333 $1,394 2.83%
BEND, OR (FHA|USDA|VA) 3 $655,000 $218,333 $3,003 3.08%
MEDFORD, OR (FHA|USDA|VA) 4 $650,000 $162,500 $0 2.78%
Sonora, CA (FHA|USDA|VA) 2 $630,000 $315,000 $0 3.39%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $620,000 $310,000 $0 3.13%
NAPA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $0 2.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $520,000 $260,000 $6,631 3.25%
YAKIMA, WA (FHA|USDA|VA) 2 $510,000 $255,000 $0 2.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $495,000 $165,000 $0 3.13%
LUBBOCK, TX (FHA|USDA|VA) 2 $490,000 $245,000 $0 3.50%
COLUMBUS, OH (FHA|USDA|VA) 1 $485,000 $485,000 $0 3.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $485,000 $485,000 $0 2.63%
Heber, UT (FHA|USDA|VA) 1 $475,000 $475,000 $0 2.75%
BOULDER, CO (FHA|USDA|VA) 1 $475,000 $475,000 $0 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $450,000 $225,000 $0 3.13%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $450,000 $225,000 $985 2.88%
OCALA, FL (FHA|USDA|VA) 2 $420,000 $210,000 $0 3.25%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $415,000 $415,000 $3,262 3.38%
TWIN FALLS, ID (FHA|USDA|VA) 1 $395,000 $395,000 $4,130 2.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.88%
TUCSON, AZ (FHA|USDA|VA) 2 $380,000 $190,000 $1,828 2.75%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $370,000 $185,000 $1,858 2.56%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $365,000 $121,667 $0 3.13%
SALINAS, CA (FHA|USDA|VA) 2 $350,000 $175,000 $2,867 2.94%
REDDING, CA (FHA|USDA|VA) 1 $305,000 $305,000 $5,308 2.88%
Hilo, HI (FHA|USDA|VA) 1 $305,000 $305,000 $4,276 2.38%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $305,000 $305,000 $2,802 3.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $265,000 $265,000 $4,152 2.75%
Port Angeles, WA (FHA|USDA|VA) 1 $255,000 $255,000 $2,861 2.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $245,000 $81,667 $0 3.25%
Clearlake, CA (FHA|USDA|VA) 1 $225,000 $225,000 $2,158 3.00%
GREENVILLE, NC (FHA|USDA|VA) 2 $210,000 $105,000 $0 3.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $210,000 $105,000 $0 2.88%
Roswell, NM (FHA|USDA|VA) 1 $205,000 $205,000 $2,292 3.38%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $205,000 $205,000 $3,493 3.00%
Durango, CO (FHA|USDA|VA) 1 $205,000 $205,000 $1,628 2.88%
LOGAN, UT-ID (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.75%
CARSON CITY, NV (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.25%
EspaƱola, NM (FHA|USDA|VA) 1 $175,000 $175,000 $3,032 3.25%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $155,000 $155,000 $1,917 2.38%
Laramie, WY (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.38%
LONGVIEW, WA (FHA|USDA|VA) 1 $135,000 $135,000 $2,188 3.13%
Crescent City, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.00%
YUBA CITY, CA (FHA|USDA|VA) 1 $135,000 $135,000 $1,509 2.88%
BATON ROUGE, LA (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.00%
LAS CRUCES, NM (FHA|USDA|VA) 1 $125,000 $125,000 $1,949 2.50%
YUMA, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $2,542 3.25%
Hailey, ID (FHA|USDA|VA) 1 $125,000 $125,000 $2,874 3.25%
VISALIA, CA (FHA|USDA|VA) 1 $115,000 $115,000 $2,477 2.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.25%
COLUMBIA, SC (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.00%

Firefighters First Federal Credit Union's top markets include Los Angeles, Riverside, Oxnard, Sacramento, and San Francisco among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 991 $363,685,000 $366,988 $2,619 2.90%

For the 2021 period, Firefighters First Federal Credit Union's most frequently originated loan type of loans were Conventional, with 991 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 540 $203,720,000 $377,259 $2,207 2.91%
Refi 262 $79,480,000 $303,359 $2,580 2.83%
Home Purchase 120 $48,690,000 $405,750 $4,896 3.09%
Home Improvement 69 $31,795,000 $460,797 $2,668 2.77%

For the 2021, Firefighters First Federal Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 540 originations. The 2nd most popular reason of loans were Refi, with 262 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 616 $256,160,000 $415,844 $2,715 2.92%
15 Year 172 $50,830,000 $295,523 $2,340 2.60%
Other 165 $46,975,000 $284,697 $0 3.16%
20 Year 20 $5,970,000 $298,500 $870 3.05%
10 Year 18 $3,750,000 $208,333 $2,146 2.50%

For the 2021, Firefighters First Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 616 originations. The 2nd most popular length of loans were 15 Year, with 172 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 607 $241,305,000 $397,537
$1k-2k 66 $16,490,000 $249,848
$3k-4k 62 $23,700,000 $382,258
$2k-3k 59 $20,265,000 $343,475
$5k+ 32 $14,950,000 $467,188

$2,715 of loans were Firefighters First Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 607 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 480 $175,670,000 $365,979
3-4% 254 $93,480,000 $368,031
<2.5% 243 $90,995,000 $374,465
4-5% 7 $2,605,000 $372,143
6-7% 4 $640,000 $160,000
7-8% 3 $295,000 $98,333

During 2021, Firefighters First Federal Credit Union's average interest rate of loans were 2.92%, while their most frequently originated rate bucket of loans were 2.5-3%, with 480 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 422 $122,610,000 $290,545 $2,774 2.88%
$400k-600k 234 $112,500,000 $480,769 $3,208 2.91%
$100k-200k 175 $26,255,000 $150,029 $2,102 2.98%
$600k-1MM 110 $79,430,000 $722,091 $1,395 2.81%
$100,000 or less 33 $2,425,000 $73,485 $1,619 3.05%
$1MM+ 17 $20,465,000 $1,203,824 $4,039 2.86%

2021 saw Firefighters First Federal Credit Union place emphasis on $200k-400k loans with 422 originations, totaling $122,610,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 318 $134,160,000 $421,887 $2,726 2.88%
$100k-150k 288 $96,920,000 $336,528 $2,662 2.82%
$75k-100k 130 $36,020,000 $277,077 $2,678 3.01%
$250k+ 124 $57,230,000 $461,532 $2,402 2.94%
$50k-75k 68 $17,220,000 $253,235 $2,475 2.89%
$50k or less 21 $3,245,000 $154,524 $2,252 2.89%

Firefighters First Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 318 originations. The second most popular income band? $100k-150k, with 288 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 227 $78,295,000 $344,912 $2,842 2.86%
30-36% 154 $56,560,000 $367,273 $2,397 2.81%
<20% 105 $25,605,000 $243,857 $2,557 2.74%
43% 37 $15,305,000 $413,649 $2,319 3.16%
37% 33 $13,695,000 $415,000 $1,998 2.94%
41% 28 $13,580,000 $485,000 $2,913 2.88%
39% 28 $13,240,000 $472,857 $3,563 2.77%
42% 27 $12,775,000 $473,148 $2,753 2.89%
38% 25 $10,595,000 $423,800 $3,482 2.83%
40% 24 $12,330,000 $513,750 $2,318 2.70%
36% 23 $10,945,000 $475,870 $2,360 2.78%
46% 21 $9,335,000 $444,524 $1,904 2.92%
50-60% 20 $10,590,000 $529,500 $1,756 2.85%
44% 17 $8,925,000 $525,000 $1,413 2.80%
48% 15 $6,095,000 $406,333 $2,682 2.95%
47% 14 $7,150,000 $510,714 $2,494 2.81%
45% 12 $4,610,000 $384,167 $2,705 3.18%
49% 10 $4,610,000 $461,000 $3,034 2.93%
>60% 6 $2,470,000 $411,667 $5,960 2.63%

Firefighters First Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 227 originations. The next most common DTI ratio? 30-36%, with 154 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 521 $185,505,000 $356,056 $2,613 2.90%
Not provided 349 $130,725,000 $374,570 $2,556 2.85%
Black 51 $24,425,000 $478,922 $2,250 2.89%
Not applicable 23 $8,045,000 $349,783 $0 3.22%
Asian 20 $5,010,000 $250,500 $5,308 3.41%
American Indian 12 $4,130,000 $344,167 $2,244 2.77%
Native Hawaiian 5 $2,215,000 $443,000 $4,755 3.03%
Filipino 6 $2,140,000 $356,667 $3,907 2.92%
Chinese 2 $790,000 $395,000 $2,320 2.81%
Vietnamese 1 $425,000 $425,000 $0 3.25%
Japanese 1 $275,000 $275,000 $2,572 2.38%

Approval Rates

Total approvals of all applications
96.33%

Firefighters First Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
80.31%

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

Points and Fees

Points Originations Total Value Average Loan
NA 991 $363,685,000 $366,988

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
991 $363,685,000 $366,988

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 165 $41,885,000 $253,848 $2,507 2.74%
40-60% 298 $107,100,000 $359,396 $2,602 2.91%
60-80% 410 $173,980,000 $424,341 $2,686 2.97%
80-100% 69 $32,425,000 $469,928 $2,777 2.88%
Over 100% 3 $295,000 $98,333 $0 2.88%
Under 20% 46 $8,000,000 $173,913 $2,333 2.84%