Members First Credit Union N.h. Mortgage Rates, Fees & Info

Manchester, NH

LEI: 254900BLW96EF9AADU93

Tax ID: 02-0226828

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Members First Credit Union N.h. is a smaller credit union specializing in Other, Home Purchase, and Cash Out Refi loans. Members First Credit Union N.h. has a high proportion of conventional loans. Their top markets by origination volume include: Manchester, Boston, Concord, Laconia, and Lebanon among others. We have data for 7 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. Members First Credit Union N.h. is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    148

    Origination Dollar Volume (All Markets)

    $15,800,000

    Awards

    Members First Credit Union N.H. 30 Year Conventional Loans gold Members First Credit Union N.H. 30 Year Conventional Loans silver Members First Credit Union N.H. 30 Year Conventional Loans bronze
    Show all (3) awards

    Top 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) 91 $9,545,000 $104,890 $642 5.01%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 26 $2,930,000 $112,692 $793 5.03%
    Concord, NH (FHA|USDA|VA) 21 $2,195,000 $104,524 $867 5.16%
    Laconia, NH (FHA|USDA|VA) 7 $915,000 $130,714 $2,675 5.63%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.88%
    Berlin, NH (FHA|USDA|VA) 1 $65,000 $65,000 $2,509 5.00%
    Keene, NH (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.50%
    Members First Credit Union N.h.'s top markets include Manchester, Boston, Concord, Laconia, and Lebanon among others.

    Their top states include:
  • New Hampshire (FHA|USDA|VA)

    • 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.

    Members First Credit Union N.H.
    Similarity Rank: 119
    Bar Harbor Bank & Trust
    Similarity Rank: 176
    Jeanne D'Arc Credit Union
    Similarity Rank: 264
    Granite State Credit Union
    Similarity Rank: 270
    Merrimack County Savings Bank
    Similarity Rank: 280
    LOGIX FEDERAL CREDIT UNION
    Similarity Rank: 322
    BELLWETHER COMMUNITY
    Similarity Rank: 497
    ST. MARY'S BANK
    Similarity Rank: 504
    Triangle Credit Union
    Similarity Rank: 511
    Workers Credit Union
    Similarity Rank: 540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $12,165,000 $115,857 $822 5.18%
    HELOC 43 $3,635,000 $84,535 n/a 4.72%

    For 2018, Members First Credit Union N.h.'s most frequently originated type of loan was Conventional, with 105 originations. Their 2nd most popular type was HELOC, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 89 $6,025,000 $67,697 $32 5.14%
    Home Purchase 34 $5,640,000 $165,882 $1,582 5.11%
    Cash Out Refi 21 $3,255,000 $155,000 $864 4.70%
    Refi 4 $880,000 $220,000 $3,218 4.34%

    For 2018, Members First Credit Union N.h.'s most frequently cited loan purpose was Other, with 89 originations. The 2nd most popular reason was Home Purchase, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 55 $9,355,000 $170,091 $1,504 4.81%
    20 Year 41 $3,095,000 $75,488 $1,578 5.00%
    15 Year 23 $2,155,000 $93,696 $251 6.08%
    10 Year 20 $870,000 $43,500 $7 5.05%
    5 Year 9 $325,000 $36,111 $0 4.07%

    For 2018, Members First Credit Union N.h.'s most frequently cited loan duration was 30 Year, with 55 originations. The 2nd most popular length was 20 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 93 $9,835,000 $105,753
    $1k-2k 5 $1,225,000 $245,000
    $3k-4k 2 $340,000 $170,000
    $2k-3k 1 $265,000 $265,000
    $4k-5k 1 $225,000 $225,000
    $5k+ 1 $225,000 $225,000

    Members First Credit Union N.h.'s average total fees were $1,504, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 59 $6,865,000 $116,356
    3-4% 32 $3,620,000 $113,125
    5-6% 29 $3,745,000 $129,138
    6-7% 19 $885,000 $46,579
    7-8% 8 $680,000 $85,000
    Over 8% 1 $5,000 $5,000

    During 2018, Members First Credit Union N.h.'s average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 90 $4,250,000 $47,222 $221 5.25%
    $100k-200k 33 $4,985,000 $151,061 $943 4.89%
    $200k-400k 24 $6,160,000 $256,667 $2,306 4.50%
    $400k-600k 1 $405,000 $405,000 $3,676 4.75%

    2018 saw Members First Credit Union N.h. place emphasis on $100,000 or less loans with 90 originations, totaling $4,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $5,465,000 $133,293 $891 5.07%
    $50k-75k 33 $3,275,000 $99,242 $942 5.28%
    $75k-100k 28 $2,190,000 $78,214 $621 5.08%
    $150k-250k 21 $2,635,000 $125,476 $1,141 4.52%
    $50k or less 19 $1,275,000 $67,105 $224 5.20%
    $250k+ 6 $960,000 $160,000 $1,044 4.85%

    Members First Credit Union N.h. lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 35 $4,315,000 $123,286 $848 4.93%
    20-30% 27 $2,455,000 $90,926 $1,070 4.71%
    39% 11 $1,175,000 $106,818 $1,414 5.69%
    40% 11 $805,000 $73,182 $2 5.31%
    <20% 9 $705,000 $78,333 $423 4.30%
    38% 9 $1,065,000 $118,333 $302 5.43%
    41% 8 $1,150,000 $143,750 $1,071 4.58%
    42% 8 $680,000 $85,000 $0 5.04%
    43% 7 $615,000 $87,857 $0 5.00%
    36% 6 $820,000 $136,667 $1,600 5.62%
    44% 5 $195,000 $39,000 $0 5.52%
    37% 4 $480,000 $120,000 $949 4.78%
    >60% 2 $170,000 $85,000 $200 4.87%
    45% 1 $225,000 $225,000 $6,901 5.25%
    46% 1 $105,000 $105,000 $0 5.25%
    48% 1 $165,000 $165,000 $2,870 5.13%

    Members First Credit Union N.h. lent most frequently to those with DTI ratios of 30-36%, with 35 originations. The next most common DTI ratio? 20-30%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 131 $14,035,000 $107,137 $755 5.01%
    Not provided 17 $1,765,000 $103,824 $1,387 5.37%

    Approval Rates

    Total approvals of all applications
    83.09%

    Members First Credit Union N.h. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.00%

    Members First Credit Union N.h. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 148 $15,800,000 $106,757

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 148 $15,800,000 $106,757

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $2,770,000 $81,471 $497 5.39%
    40-60% 11 $1,905,000 $173,182 $934 4.45%
    60-80% 26 $4,560,000 $175,385 $1,581 4.75%
    80-100% 17 $3,695,000 $217,353 $1,492 4.78%
    Under 20% 57 $2,195,000 $38,509 $4 5.07%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MEMBER FIRST MORTGAGE, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%