What loan types does First Source offer?

First Source offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does First Source offer mortgages?

First Source offers mortgages in 1 states: NY.

How competitive are First Source's mortgage rates?

First Source has an overall pricing score of 38.1/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is First Source?

First Source is a Credit Union headquartered in New Hartford, NY.

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First Source

Credit Union•New Hartford, NYHQ•Direct•Reviews near you on Google

First Source has 149 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

Acceptable

2/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Strong

4/5

Conventional

Place

Exceptional

5/5

Single State · 1 mkts

Summary

What They Do Well

Strong pull through performance

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

First Source performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+4.4 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Sound

Top 60% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

Single State · 1 markets

Exceptional

Top 5% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Strong	Acceptable	Strong	149	100.0%	+0.044%Above	$1,015Fees

Conventional

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume149

Mix100.0%

Spread

+0.044%Above

Fees

$1,015Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Acceptable	Strong	75	50.3%	+0.041%Above	$981Fees
Refinance	Strong	Strong	—	Exceptional	74	49.7%	+0.064%Above	$1,209Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Acceptable

Pull Through

Strong

Volume75

Mix50.3%

Spread

+0.041%Above

Fees

$981Fees

Refinance

Overall

Strong

Product

Strong

Pricing—

Pull Through

Exceptional

Volume74

Mix49.7%

Spread

+0.064%Above

Fees

$1,209Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

149

Applications

201

Volume

$26 million

Pricing & Closing

Avg Rate Spread

+0.044%

vs. market APOR

Avg Net Fees

$1,015

Origination − Credits

Pullthrough Rate

74.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$176,074

Avg Borrower Income

$100,510

Avg Property Value

$251,107

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Exceptional

5/5

States with Loan Originations

Northeast1

Top Metro Areas by Place Specialization Score

Utica, NYMetro

Volume 138Mix 92.62% of portfolio

96/100

Exceptional

Top States by Place Specialization Score

New YorkState

Volume 149Mix 100.00% of portfolio

72/100

Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 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.