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
Jump to:
Mortgage Data
Review & Overview
Members First Credit Union N.h. is a smaller credit union specializing in Cash Out Refi, 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, Boston, Concord, Lebanon, and Laconia among others. We have data for 6 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
98Origination Dollar Volume (All Markets)
$16,540,000Top 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) | 59 | $10,165,000 | $172,288 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 22 | $3,910,000 | $177,727 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 12 | $1,940,000 | $161,667 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $15,000 | $15,000 | $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.
Similarity Rank: 117
Similarity Rank: 189
Similarity Rank: 224
Similarity Rank: 330
Similarity Rank: 390
Similarity Rank: 444
Similarity Rank: 520
Similarity Rank: 660
Similarity Rank: 713
Similarity Rank: 882
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $16,540,000 | $168,776 | $0 | 0.00% |
For 2020, Members First Credit Union N.h.'s most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2020, Members First Credit Union N.h.'s most frequently cited loan purpose was Cash Out Refi, with 37 originations. The 2nd most popular reason was Other, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $16,540,000 | $168,776 | $0 | 0.00% |
For 2020, Members First Credit Union N.h.'s most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2020 saw Members First Credit Union N.h. place emphasis on $200k-400k loans with 36 originations, totaling $9,580,000 in origination value.
Applicant Income
Members First Credit Union N.h. lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $75k-100k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $16,540,000 | $168,776 | $0 | 0.00% |
Members First Credit Union N.h. lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.75%
Members First Credit Union N.h. has an average approval rate.
Pick Rate
Approvals leading to origination32.65%
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 | 98 | $16,540,000 | $168,776 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 98 | $16,540,000 | $168,776 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MEMBER FIRST MORTGAGE, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| MEMBER FIRST MORTGAGE, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |