America First Mortgage Rates, Fees & Info
Riverdale, UTLEI: 5493007I0X1GRWIU8B34
Tax ID: 87-0216202
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
America First is a small mortgage company specializing in Refi and Cash Out Refi loans. America First has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Ogden, Salt Lake City, Provo, Las Vegas, and St. George among others. America First has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. America First is typically an average fee lendor.Originations
19,032Origination Dollar Volume (All Markets)
$2,818,580,000Awards
AMERICA FIRST - 2021
AMERICA FIRST is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
America First's average 30 year fixed rate mortgage of loans were
3.01%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.14%.
Relative Fees
America First's average total fees for a 30 year fixed rate
mortgage are $5,534.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 6,650 | $970,750,000 | $145,977 | $3,155 | 3.48% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5,451 | $800,165,000 | $146,792 | $3,097 | 3.73% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2,271 | $316,765,000 | $139,483 | $2,914 | 3.95% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1,841 | $308,725,000 | $167,694 | $3,454 | 3.79% |
| ST. GEORGE, UT (FHA|USDA|VA) | 594 | $93,240,000 | $156,970 | $3,058 | 3.88% |
| LOGAN, UT-ID (FHA|USDA|VA) | 585 | $82,665,000 | $141,308 | $3,160 | 3.65% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 546 | $75,570,000 | $138,407 | $2,498 | 4.01% |
| Heber, UT (FHA|USDA|VA) | 280 | $56,750,000 | $202,679 | $3,720 | 3.77% |
| Outside of Metro Areas | 282 | $41,580,000 | $147,447 | $2,858 | 3.82% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 82 | $10,750,000 | $131,098 | $2,670 | 4.12% |
| Cedar City, UT (FHA|USDA|VA) | 74 | $10,190,000 | $137,703 | $3,391 | 3.69% |
| BOISE CITY, ID (FHA|USDA|VA) | 68 | $9,140,000 | $134,412 | $3,980 | 4.08% |
| Pahrump, NV (FHA|USDA|VA) | 40 | $4,480,000 | $112,000 | $2,542 | 4.14% |
| Rexburg, ID (FHA|USDA|VA) | 19 | $4,015,000 | $211,316 | $4,160 | 4.55% |
| TUCSON, AZ (FHA|USDA|VA) | 32 | $3,940,000 | $123,125 | $2,909 | 4.06% |
| Price, UT (FHA|USDA|VA) | 30 | $2,930,000 | $97,667 | $2,649 | 4.24% |
| Vernal, UT (FHA|USDA|VA) | 22 | $2,680,000 | $121,818 | $3,270 | 3.76% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 19 | $2,375,000 | $125,000 | $4,410 | 3.55% |
| RENO, NV (FHA|USDA|VA) | 15 | $2,285,000 | $152,333 | $1,183 | 3.93% |
| TWIN FALLS, ID (FHA|USDA|VA) | 15 | $2,115,000 | $141,000 | $4,634 | 3.99% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 16 | $2,040,000 | $127,500 | $2,632 | 3.06% |
| Elko, NV (FHA|USDA|VA) | 12 | $1,990,000 | $165,833 | $3,984 | 3.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 18 | $1,920,000 | $106,667 | $3,095 | 3.78% |
| POCATELLO, ID (FHA|USDA|VA) | 12 | $1,860,000 | $155,000 | $3,622 | 3.16% |
| Fernley, NV (FHA|USDA|VA) | 9 | $1,575,000 | $175,000 | $3,343 | 4.70% |
| Blackfoot, ID (FHA|USDA|VA) | 8 | $1,390,000 | $173,750 | $3,471 | 3.65% |
| Show Low, AZ (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $3,647 | 2.98% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $31,083 | 3.13% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $7,466 | 3.25% |
| Outside of Metro Areas | 2 | $590,000 | $295,000 | $14,322 | 3.87% |
| Payson, AZ (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $2,086 | 3.44% |
| Burley, ID (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $5,114 | 2.42% |
| Mountain Home, ID (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 3.58% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $2,202 | 3.56% |
| Ontario, OR-ID (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 3.37% |
| Fallon, NV (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 3.99% |
| YUMA, AZ (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $4,061 | 5.79% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.50% |
| Winnemucca, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,196 | 3.50% |
| Nogales, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,565 | 3.13% |
| Moscow, ID (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,814 | 2.50% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.49% |
| Hailey, ID (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
America First's top markets include Ogden, Salt Lake City, Provo, Las Vegas, and St. George among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 18,916 | $2,785,510,000 | $147,257 | $3,072 | 3.70% |
| VA | 62 | $17,400,000 | $280,645 | $7,491 | 2.46% |
| FHA | 48 | $14,230,000 | $296,458 | $9,961 | 2.98% |
| USDA | 6 | $1,440,000 | $240,000 | $6,625 | 2.46% |
For the 2021 period, America First's most frequently originated loan type of loans were Conventional, with 18,916 originations. Their 2nd most popular type is VA, with 62 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Improvement | 5,697 | $454,965,000 | $79,860 | $75 | 4.19% |
| Refi | 4,855 | $817,205,000 | $168,322 | $3,068 | 3.35% |
| Other | 3,721 | $337,725,000 | $90,762 | $138 | 4.24% |
| Cash Out Refi | 3,126 | $766,560,000 | $245,221 | $5,268 | 2.80% |
| Home Purchase | 1,633 | $442,125,000 | $270,744 | $4,692 | 3.44% |
For the 2021, America First's most frequently cited loan purpose of loans were Home Improvement, with 5,697 originations. The 2nd most popular reason of loans were Refi, with 4,855 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 5 Year | 9,142 | $1,000,400,000 | $109,429 | $0 | 3.68% |
| 30 Year | 3,609 | $948,535,000 | $262,825 | $5,534 | 3.01% |
| 10 Year | 2,960 | $233,000,000 | $78,716 | $453 | 5.07% |
| 15 Year | 2,486 | $469,740,000 | $188,954 | $3,432 | 3.33% |
| 20 Year | 640 | $141,580,000 | $221,219 | $5,028 | 2.73% |
| Other | 191 | $23,375,000 | $122,382 | $0 | 3.96% |
| 3 Year | 3 | $105,000 | $35,000 | $0 | 3.49% |
| 1 Year | 1 | $1,845,000 | $1,845,000 | $0 | 5.25% |
For the 2021, America First's most frequently cited loan length of loans were 5 Year, with 9,142 originations. The 2nd most popular length of loans were 30 Year, with 3,609 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3,742 | $269,560,000 | $72,036 |
| $2k-3k | 2,062 | $444,960,000 | $215,790 |
| $3k-4k | 1,694 | $521,070,000 | $307,597 |
| $1k-2k | 1,234 | $155,340,000 | $125,883 |
| $5k+ | 863 | $272,995,000 | $316,333 |
$5,534 of loans were America First's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 3,742 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 6,831 | $961,845,000 | $140,806 |
| 4-5% | 4,006 | $449,910,000 | $112,309 |
| 2.5-3% | 2,691 | $670,085,000 | $249,010 |
| 3-4% | 2,185 | $483,915,000 | $221,471 |
| 5-6% | 1,685 | $160,765,000 | $95,409 |
| Over 8% | 884 | $44,060,000 | $49,842 |
| 6-7% | 450 | $31,660,000 | $70,356 |
| 7-8% | 300 | $16,340,000 | $54,467 |
During 2021, America First's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were <2.5%, with 6,831 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 8,882 | $449,020,000 | $50,554 | $327 | 4.36% |
| $100k-200k | 4,979 | $706,705,000 | $141,937 | $3,103 | 3.18% |
| $200k-400k | 4,278 | $1,158,190,000 | $270,732 | $5,427 | 3.04% |
| $400k-600k | 747 | $343,345,000 | $459,632 | $7,838 | 3.04% |
| $600k-1MM | 118 | $83,700,000 | $709,322 | $9,643 | 3.23% |
| $1MM+ | 28 | $77,620,000 | $2,772,143 | $12,197 | 3.01% |
2021 saw America First place emphasis on $100,000 or less loans with 8,882 originations, totaling $449,020,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 5,168 | $741,190,000 | $143,419 | $3,133 | 3.80% |
| $75k-100k | 3,980 | $531,520,000 | $133,548 | $3,146 | 3.76% |
| $50k-75k | 3,702 | $464,890,000 | $125,578 | $3,306 | 3.54% |
| $150k-250k | 2,881 | $491,205,000 | $170,498 | $2,965 | 3.83% |
| $50k or less | 1,704 | $181,090,000 | $106,273 | $2,907 | 3.34% |
| $250k+ | 1,074 | $271,990,000 | $253,250 | $3,256 | 3.67% |
America First lent most frequently to those with incomes in the $100k-150k range, with 5,168 originations. The second most popular income band? $75k-100k, with 3,980 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 4,427 | $617,585,000 | $139,504 | $3,142 | 3.46% |
| 30-36% | 3,536 | $499,770,000 | $141,338 | $3,224 | 3.73% |
| 50-60% | 1,726 | $254,620,000 | $147,520 | $856 | 3.88% |
| <20% | 1,676 | $235,250,000 | $140,364 | $2,909 | 3.23% |
| 37% | 616 | $91,410,000 | $148,393 | $3,268 | 3.64% |
| 41% | 610 | $90,540,000 | $148,426 | $3,209 | 3.86% |
| 44% | 604 | $94,490,000 | $156,440 | $3,568 | 3.93% |
| 36% | 603 | $86,905,000 | $144,121 | $3,234 | 3.84% |
| 40% | 585 | $90,145,000 | $154,094 | $3,310 | 3.89% |
| 42% | 575 | $87,035,000 | $151,365 | $3,246 | 3.86% |
| 39% | 572 | $88,160,000 | $154,126 | $3,522 | 3.87% |
| 38% | 568 | $81,710,000 | $143,856 | $3,251 | 3.81% |
| 43% | 565 | $85,465,000 | $151,265 | $3,812 | 3.70% |
| >60% | 426 | $98,120,000 | $230,329 | $1,944 | 3.79% |
| 45% | 413 | $51,785,000 | $125,387 | $2,385 | 4.10% |
| 46% | 410 | $56,320,000 | $137,366 | $2,568 | 3.96% |
| 47% | 378 | $53,280,000 | $140,952 | $3,366 | 4.07% |
| 48% | 373 | $52,355,000 | $140,362 | $3,136 | 3.84% |
| 49% | 343 | $43,745,000 | $127,536 | $3,246 | 4.05% |
America First lent most frequently to those with DTI ratios of 20-30%, with 4,427 originations. The next most common DTI ratio? 30-36%, with 3,536 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 16,294 | $2,348,790,000 | $144,151 | $3,096 | 3.69% |
| Not provided | 1,470 | $238,750,000 | $162,415 | $3,762 | 3.53% |
| Not applicable | 189 | $83,075,000 | $439,550 | $14 | 3.77% |
| Asian | 535 | $81,995,000 | $153,262 | $3,150 | 3.68% |
| Black | 226 | $25,250,000 | $111,726 | $2,555 | 4.37% |
| American Indian | 147 | $19,685,000 | $133,912 | $3,685 | 3.46% |
| Native Hawaiian | 140 | $17,660,000 | $126,143 | $2,801 | 4.25% |
| Other Pacific Islander | 24 | $2,540,000 | $105,833 | $0 | 3.41% |
| Other Asian | 2 | $380,000 | $190,000 | $13,093 | 4.18% |
| Filipino | 1 | $205,000 | $205,000 | $3,790 | 3.13% |
| Asian Indian | 2 | $140,000 | $70,000 | $0 | 3.49% |
| Samoan | 1 | $65,000 | $65,000 | $0 | 9.24% |
| Guamanian | 1 | $45,000 | $45,000 | $0 | 1.99% |
Approval Rates
Total approvals of all applications79.04%
America First has a below average approval rate.
Pick Rate
Approvals leading to origination71.42%
America First has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 19,032 | $2,818,580,000 | $148,097 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 19,032 | $2,818,580,000 | $148,097 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 4,194 | $596,110,000 | $142,134 | $2,059 | 3.46% |
| 40-60% | 2,992 | $662,130,000 | $221,300 | $4,193 | 2.91% |
| 60-80% | 2,682 | $814,470,000 | $303,680 | $5,723 | 3.07% |
| 80-100% | 916 | $284,410,000 | $310,491 | $5,935 | 3.18% |
| Over 100% | 3 | $875,000 | $291,667 | $12,645 | 2.38% |
| Under 20% | 8,245 | $460,585,000 | $55,862 | $105 | 4.35% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICA FIRST FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 33.3% |
| AMERICA FIRST FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 33.3% |
| AMERICA FIRST FEDERAL CREDIT UNION | Other type of mortgage | Struggling to pay mortgage | 1 | 33.3% |
