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 Cash Out Refi and 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, Laconia, and Keene among others. We have data for 8 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.

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    Originations

    161

    Origination Dollar Volume (All Markets)

    $30,845,000

    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) 100 $20,940,000 $209,400 $0 0.00%
    Concord, NH (FHA|USDA|VA) 26 $4,430,000 $170,385 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 16 $2,810,000 $175,625 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 7 $1,135,000 $162,143 $0 0.00%
    Keene, NH (FHA|USDA|VA) 4 $480,000 $120,000 $0 0.00%
    Outside of Metro Areas 2 $430,000 $215,000 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    Berlin, NH (FHA|USDA|VA) 4 $310,000 $77,500 $0 0.00%
    Members First Credit Union N.h.'s top markets include Manchester, Concord, Boston, Laconia, and Keene 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.

    MERRIMACK VALLEY
    Similarity Rank: 180
    Northern Bank & Trust Company
    Similarity Rank: 256
    NEW HAMPSHIRE
    Similarity Rank: 259
    Jeanne D'Arc Credit Union
    Similarity Rank: 377
    Triangle Credit Union
    Similarity Rank: 511
    Enterprise Bank and Trust Company
    Similarity Rank: 517
    ST. MARY'S BANK
    Similarity Rank: 768
    Merrimack County Savings Bank
    Similarity Rank: 860
    WASHINGTON TRUST MORTGAGE COMPANY LLC
    Similarity Rank: 1020
    Chicago Mortgage Solutions LLC
    Similarity Rank: 1134

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 161 $30,845,000 $191,584 $0 0.00%

    For 2021, Members First Credit Union N.h.'s most frequently originated type of loan was Conventional, with 161 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 67 $14,905,000 $222,463 $0 0.00%
    Refi 46 $9,190,000 $199,783 $0 0.00%
    Home Purchase 27 $5,555,000 $205,741 $0 0.00%
    Other 21 $1,195,000 $56,905 $0 0.00%

    For 2021, Members First Credit Union N.h.'s most frequently cited loan purpose was Cash Out Refi, with 67 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 161 $30,845,000 $191,584 $0 0.00%

    For 2021, Members First Credit Union N.h.'s most frequently cited loan duration was Other, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 65 $9,635,000 $148,231 $0 0.00%
    $200k-400k 60 $15,940,000 $265,667 $0 0.00%
    $100,000 or less 29 $1,655,000 $57,069 $0 0.00%
    $400k-600k 6 $2,590,000 $431,667 $0 0.00%
    $1MM+ 1 $1,025,000 $1,025,000 $0 0.00%

    2021 saw Members First Credit Union N.h. place emphasis on $100k-200k loans with 65 originations, totaling $9,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 49 $9,825,000 $200,510 $0 0.00%
    $50k-75k 32 $4,750,000 $148,438 $0 0.00%
    $75k-100k 29 $5,475,000 $188,793 $0 0.00%
    $150k-250k 28 $5,720,000 $204,286 $0 0.00%
    $50k or less 9 $1,315,000 $146,111 $0 0.00%
    $250k+ 7 $2,715,000 $387,857 $0 0.00%

    Members First Credit Union N.h. lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $50k-75k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 161 $30,845,000 $191,584 $0 0.00%

    Members First Credit Union N.h. lent most frequently to those with DTI ratios of Exempt%, with 161 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 111 $21,265,000 $191,577 $0 0.00%
    Not provided 42 $8,560,000 $203,810 $0 0.00%
    Not applicable 4 $560,000 $140,000 $0 0.00%
    Black 2 $290,000 $145,000 $0 0.00%
    Native Hawaiian or Islander 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.74%

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

    Pick Rate

    Approvals leading to origination
    75.78%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 161 $30,845,000 $191,584

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    161 $30,845,000 $191,584

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MEMBER FIRST MORTGAGE, LLC Conventional home mortgage Closing on a mortgage 1 33.3%
    MEMBER FIRST MORTGAGE, LLC Conventional home mortgage Incorrect information on your report 1 33.3%
    MEMBER FIRST MORTGAGE, LLC Conventional home mortgage Trouble during payment process 1 33.3%