What loan types does First Community Credit Union offer?

First Community Credit Union offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing score and performance metrics.

Where does First Community Credit Union offer mortgages?

First Community Credit Union offers mortgages in 2 states: MN, ND.

How competitive are First Community Credit Union's mortgage rates?

First Community Credit Union has an overall pricing score of 69.8/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is First Community Credit Union?

First Community Credit Union is a Credit Union headquartered in JAMESTOWN, ND.

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First Community Credit Union

Credit Union•Jamestown, NDHQ•Direct•Reviews near you on Google

First Community Credit Union has 354 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Strong

4/5

FHA · Conventional · VA

Place

Strong

4/5

Regional · 3 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Awards

FHA

Superstar

Refinance

Superstar

Summary

What They Do Well

Offers rates 16.20 basis points below market average
Particularly strong in Conventional and FHA and VA loans

Explore another lender or local market

Report Card

First Community Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

Rates 16.2 bps below market avg

4/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

282 loans · 0.11% below market

Strong

Top 40% of lenders

4/5

FHA

45 loans · 0.28% below market

Strong

Top 40% of lenders

4/5

18 loans · 0.90% below market

Strong

Top 40% of lenders

4/5

By Loan Purpose· Transaction purpose mix

Purchase

283 loans · 0.23% below market

Strong

Top 40% of lenders

4/5

Refinance

71 loans · 0.12% above market

Strong

Top 40% of lenders

4/5

By Location· Geographic coverage

Geographic Reach

Regional · 4 markets

Strong

Top 40% of lenders

4/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Strong	Strong	Sound	282	79.7%	-0.106%Below	$2,345Fees
FHA Loans	Strong	Strong	Exceptional	Sound	45	12.7%	-0.285%Below	$1,754Fees
VA Loans	Sound	Strong	—	Sound	18	5.1%	-0.895%Below	$2,983Fees

Conventional

Overall

Sound

Product

Strong

Pricing

Strong

Pull Through

Sound

Volume282

Mix79.7%

Spread

-0.106%Below

Fees

$2,345Fees

FHA Loans

Overall

Strong

Product

Strong

Pricing

Exceptional

Pull Through

Sound

Volume45

Mix12.7%

Spread

-0.285%Below

Fees

$1,754Fees

VA Loans

Overall

Sound

Product

Strong

Pricing—

Pull Through

Sound

Volume18

Mix5.1%

Spread

-0.895%Below

Fees

$2,983Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Strong	Acceptable	283	79.9%	-0.229%Below	$2,434Fees
Refinance	Strong	Strong	Strong	Strong	71	20.1%	+0.124%Above	$1,685Fees

Purchase

Overall

Sound

Product

Strong

Pricing

Strong

Pull Through

Acceptable

Volume283

Mix79.9%

Spread

-0.229%Below

Fees

$2,434Fees

Refinance

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Strong

Volume71

Mix20.1%

Spread

+0.124%Above

Fees

$1,685Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

354

Applications

1,056

Volume

$73 million

Pricing & Closing

Avg Rate Spread

-0.162%

vs. market APOR

Avg Net Fees

$2,292

Origination − Credits

Pullthrough Rate

33.5%

Applications → Closed

Typical Borrower

Avg Loan Amount

$208,588

Avg Borrower Income

$99,842

Avg Property Value

$283,023

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

2Full-year 2024 · HMDA

Loans originated

< 5050+None

Midwest2

MNND

Top Metro Areas by Place Specialization Score

Fargo, ND, ND-MNMetro

Volume 101Mix 28.53% of portfolio

81/100

Exceptional

Grand Forks, ND, ND-MNMetro

Volume 34Mix 9.60% of portfolio

78/100

Strong

Bismarck, NDMetro

Volume 27Mix 7.63% of portfolio

62/100

Strong

Top States by Place Specialization Score

North DakotaState

Volume 288Mix 81.36% of portfolio

87/100

Exceptional

MinnesotaState

Volume 66Mix 18.64% of portfolio

61/100

Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.