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

Manchester, NH

LEI: 254900BLW96EF9AADU93

Tax ID: 02-0226828

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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 Refi, 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, Concord, Boston, Lebanon, and Laconia 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 above 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

    144

    Origination Dollar Volume (All Markets)

    $17,790,000

    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) 87 $10,825,000 $124,425 $3,164 4.98%
    Concord, NH (FHA|USDA|VA) 29 $3,965,000 $136,724 $2,808 4.36%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 22 $2,250,000 $102,273 $1,839 5.17%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $360,000 $180,000 $2,632 4.99%
    Laconia, NH (FHA|USDA|VA) 2 $190,000 $95,000 $0 6.06%
    Berlin, NH (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.49%
    Outside of Metro Areas 1 $95,000 $95,000 $100 3.74%
    Members First Credit Union N.h.'s top markets include Manchester, Concord, Boston, Lebanon, and Laconia 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 MORTGAGE COMPANY, INC.
    Similarity Rank: 161
    Enterprise Bank and Trust Company
    Similarity Rank: 176
    Triangle Credit Union
    Similarity Rank: 200
    Northern Bank & Trust Company
    Similarity Rank: 208
    METRO
    Similarity Rank: 220
    Bar Harbor Bank & Trust
    Similarity Rank: 273
    Jeanne D'Arc Credit Union
    Similarity Rank: 330
    Workers Credit Union
    Similarity Rank: 506
    BELLWETHER COMMUNITY
    Similarity Rank: 560
    ST. MARY'S BANK
    Similarity Rank: 608

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 101 $14,245,000 $141,040 $2,791 4.68%
    HELOC 43 $3,545,000 $82,442 n/a 5.37%

    For 2019, Members First Credit Union N.h.'s most frequently originated type of loan was Conventional, with 101 originations. Their 2nd most popular type was HELOC, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 98 $7,380,000 $75,306 $1,208 5.09%
    Home Purchase 25 $5,175,000 $207,000 $2,751 4.89%
    Cash Out Refi 21 $5,235,000 $249,286 $4,174 3.95%

    For 2019, Members First Credit Union N.h.'s most frequently cited loan purpose was Refi, with 98 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 48 $10,120,000 $210,833 $3,651 4.62%
    20 Year 38 $3,520,000 $92,632 $4,983 5.40%
    15 Year 21 $2,385,000 $113,571 $2,768 5.13%
    10 Year 20 $680,000 $34,000 $96 5.34%
    5 Year 14 $570,000 $40,714 $88 3.78%
    Other 3 $515,000 $171,667 $3,539 3.08%

    For 2019, Members First Credit Union N.h.'s most frequently cited loan duration was 30 Year, with 48 originations. The 2nd most popular length was 20 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 50 $7,280,000 $145,600
    $1k-2k 4 $740,000 $185,000
    $2k-3k 4 $830,000 $207,500
    $5k+ 3 $905,000 $301,667
    $3k-4k 2 $360,000 $180,000
    $4k-5k 1 $245,000 $245,000

    Members First Credit Union N.h.'s average total fees were $3,651, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 50 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 60 $8,250,000 $137,500
    3-4% 41 $6,215,000 $151,585
    6-7% 20 $1,040,000 $52,000
    5-6% 13 $1,635,000 $125,769
    7-8% 7 $415,000 $59,286
    Over 8% 2 $100,000 $50,000
    2.5-3% 1 $135,000 $135,000

    During 2019, Members First Credit Union N.h.'s average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $4,405,000 $49,494 $772 5.28%
    $200k-400k 32 $8,440,000 $263,750 $3,679 4.15%
    $100k-200k 19 $2,915,000 $153,421 $3,228 4.42%
    $400k-600k 3 $1,385,000 $461,667 $5,933 3.87%
    $600k-1MM 1 $645,000 $645,000 $0 5.38%

    2019 saw Members First Credit Union N.h. place emphasis on $100,000 or less loans with 89 originations, totaling $4,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $5,600,000 $133,333 $3,144 4.51%
    $75k-100k 41 $3,605,000 $87,927 $2,261 5.13%
    $150k-250k 25 $4,275,000 $171,000 $2,748 5.27%
    $50k-75k 20 $1,870,000 $93,500 $2,663 4.92%
    $50k or less 15 $1,965,000 $131,000 $3,365 4.67%
    $250k+ 1 $475,000 $475,000 $2,759 3.99%

    Members First Credit Union N.h. lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $75k-100k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $4,230,000 $117,500 $2,273 4.56%
    30-36% 29 $3,375,000 $116,379 $3,527 4.80%
    42% 11 $1,115,000 $101,364 $0 5.18%
    40% 7 $565,000 $80,714 $2,253 5.10%
    39% 6 $350,000 $58,333 $125 6.35%
    <20% 5 $525,000 $105,000 $0 4.88%
    36% 5 $435,000 $87,000 $0 5.75%
    37% 5 $675,000 $135,000 $113 4.87%
    44% 5 $385,000 $77,000 $7,095 4.99%
    45% 4 $1,050,000 $262,500 $5,342 3.84%
    43% 3 $195,000 $65,000 $0 5.58%
    38% 3 $575,000 $191,667 $4,313 3.79%
    41% 2 $130,000 $65,000 $100 5.81%
    49% 2 $570,000 $285,000 $0 4.44%
    47% 1 $205,000 $205,000 $0 4.74%
    48% 1 $345,000 $345,000 $92 4.50%
    >60% 1 $505,000 $505,000 $0 4.00%
    46% 1 $275,000 $275,000 $0 4.25%

    Members First Credit Union N.h. lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 125 $15,635,000 $125,080 $2,971 4.87%
    Not provided 18 $2,000,000 $111,111 $1,010 5.09%
    Asian 1 $155,000 $155,000 $2,556 3.13%

    Approval Rates

    Total approvals of all applications
    90.43%

    Members First Credit Union N.h. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    36.11%

    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
    NA 144 $17,790,000 $123,542

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 144 $17,790,000 $123,542

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $2,320,000 $82,857 $2,438 5.18%
    40-60% 12 $2,390,000 $199,167 $2,153 4.26%
    60-80% 23 $6,145,000 $267,174 $4,555 3.99%
    80-100% 11 $2,705,000 $245,909 $3,039 4.47%
    Under 20% 55 $2,035,000 $37,000 $93 5.28%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MEMBER FIRST MORTGAGE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%