Amerifirst Bank Mortgage Rates, Fees & Info
MONTGOMERY, ALLEI: 2549002AOWUCD3BSTP80
Tax ID: 63-0008380
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Amerifirst Bank is a smaller bank specializing in Home Purchase and Refi loans. Amerifirst Bank has a high proportion of conventional loans. Their top markets by origination volume include: Montgomery, Auburn, Panama City, Daphne, and Mobile among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Amerifirst Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
79Origination Dollar Volume (All Markets)
$22,805,000Top 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 |
|---|---|---|---|---|---|
| MONTGOMERY, AL (FHA|USDA|VA) | 53 | $15,125,000 | $285,377 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 9 | $2,225,000 | $247,222 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 0.00% |
| Atmore, AL (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Troy, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 79 | $22,805,000 | $288,671 | $0 | 0.00% |
For 2023, Amerifirst Bank's most frequently originated type of loan was Conventional, with 79 originations.
Loan Reason
For 2023, Amerifirst Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 79 | $22,805,000 | $288,671 | $0 | 0.00% |
For 2023, Amerifirst Bank's most frequently cited loan duration was Other, with 79 originations.
Loan Sizing
2023 saw Amerifirst Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,635,000 in origination value.
Applicant Income
Amerifirst Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 79 | $22,805,000 | $288,671 | $0 | 0.00% |
Amerifirst Bank lent most frequently to those with DTI ratios of Exempt%, with 79 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.67%
Amerifirst Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.61%
Amerifirst Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 79 | $22,805,000 | $288,671 |