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 Refi and Home Purchase loans. Amerifirst Bank has a high proportion of conventional loans. Their top markets by origination volume include: Montgomery, Auburn, Selma, Panama City, and Alexander City among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Amerifirst Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
63Origination Dollar Volume (All Markets)
$12,495,000Top 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) | 33 | $7,935,000 | $240,455 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,070,000 | $89,167 | $0 | 0.00% |
| Selma, AL (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Troy, AL (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $12,495,000 | $198,333 | $0 | 0.00% |
For 2019, Amerifirst Bank's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2019, Amerifirst Bank's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Purchase, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $12,495,000 | $198,333 | $0 | 0.00% |
For 2019, Amerifirst Bank's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2019 saw Amerifirst Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,230,000 in origination value.
Applicant Income
Amerifirst Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $250k+, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $12,495,000 | $198,333 | $0 | 0.00% |
Amerifirst Bank lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.61%
Amerifirst Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.48%
Amerifirst Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 63 | $12,495,000 | $198,333 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERIFIRST FINANCIAL, INC. | FHA mortgage | Closing on a mortgage | 1 | 100.0% |