America First Mortgage Rates, Fees & Info

Riverdale, UT

LEI: 5493007I0X1GRWIU8B34

Tax ID: 87-0216202

4.6 stars - out of 5 stars, based on 138 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

19,032

Origination Dollar Volume (All Markets)

$2,818,580,000
Show all (10) awards

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 applications
79.04%

America First has a below average approval rate.

Pick Rate

Approvals leading to origination
71.42%

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%