Members First Credit Union N.h. Mortgage Rates, Fees & Info
Manchester, NHLEI: 254900BLW96EF9AADU93
Tax ID: 02-0226828
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Members First Credit Union N.h. is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Members First Credit Union N.h. has a high proportion of conventional loans. Their top markets by origination volume include: Manchester, Concord, Boston, and Laconia among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Members First Credit Union N.h. has an 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
62Origination Dollar Volume (All Markets)
$9,350,000Top 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 |
|---|---|---|---|---|---|
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 43 | $5,735,000 | $133,372 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 10 | $1,520,000 | $152,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $355,000 | $355,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Members First Credit Union N.H. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $9,350,000 | $150,806 | $0 | 0.00% |
For 2023, Members First Credit Union N.h.'s most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2023, Members First Credit Union N.h.'s most frequently cited loan purpose was Home Improvement, with 18 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $9,350,000 | $150,806 | $0 | 0.00% |
For 2023, Members First Credit Union N.h.'s most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2023 saw Members First Credit Union N.h. place emphasis on $100,000 or less loans with 37 originations, totaling $1,755,000 in origination value.
Applicant Income
Members First Credit Union N.h. lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $9,350,000 | $150,806 | $0 | 0.00% |
Members First Credit Union N.h. lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 47 | $8,005,000 | $170,319 | $0 | 0.00% |
| Not provided | 15 | $1,345,000 | $89,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.69%
Members First Credit Union N.h. has a below average approval rate.
Pick Rate
Approvals leading to origination66.13%
Members First Credit Union N.h. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $9,350,000 | $150,806 |