Member First Mortgage Rates, Fees & Info
GRAND RAPIDS, MILEI: 5493007L4GYNO2PUBS09
Tax ID: 38-3616059
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Mortgage Data
Review & Overview
Member First Mortgage is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Member First Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Detroit, Chattanooga, San Jose, and Atlanta among others. We have data for 206 markets. (Some data included below & more in-depth data is available with an active subscription.)Member First Mortgage has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Member First Mortgage is typically an average 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.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.30% | 9/18/23 |
| 30 Year Conventional Refi | 6.46% | 9/18/23 |
| 30 Year Cash-out Refi | 6.63% | 9/18/23 |
| 30 Year FHA Purchase | 7.15% | 9/18/23 |
| 30 Year FHA Refi | 6.79% | 9/18/23 |
| 30 Year VA Purchase | 5.89% | 9/18/23 |
| 30 Year VA Refi | 6.16% | 9/18/23 |
| 30 Year USDA Purchase | 6.55% | 9/18/23 |
| 15 Year Conventional Purchase | 6.04% | 9/18/23 |
| 15 Year Conventional Refi | 6.06% | 9/18/23 |
| 15 Year Cash-out Refi | 6.06% | 9/18/23 |
| 15 Year FHA Purchase | 5.68% | 9/18/23 |
| 15 Year FHA Refi | 5.68% | 9/18/23 |
| 15 Year VA Purchase | 6.89% | 9/18/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Member First Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Member First Mortgage. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,569Origination Dollar Volume (All Markets)
$379,025,000Awards
MEMBER FIRST MORTGAGE - 2022
MEMBER FIRST MORTGAGE is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Member First Mortgage's average 30 year fixed mortgage rate was
5.04%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.28%.
Relative Fees (Closing Costs)
Member First Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,849.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 109 | $41,705,000 | $382,615 | $6,426 | 5.24% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 233 | $38,775,000 | $166,416 | $4,178 | 4.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 105 | $30,865,000 | $293,952 | $6,219 | 5.08% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 31 | $21,425,000 | $691,129 | $7,741 | 3.58% |
| Outside of Metro Areas | 119 | $20,325,000 | $170,798 | $4,897 | 4.67% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 74 | $19,110,000 | $258,243 | $7,263 | 4.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 55 | $18,165,000 | $330,273 | $4,884 | 4.39% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 91 | $18,125,000 | $199,176 | $4,460 | 4.68% |
| REDDING, CA (FHA|USDA|VA) | 17 | $10,785,000 | $634,412 | $10,891 | 4.57% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $5,980,000 | $747,500 | $14,288 | 5.91% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $5,850,000 | $325,000 | $6,423 | 5.32% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $5,400,000 | $900,000 | $17,707 | 4.52% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 24 | $4,860,000 | $202,500 | $3,992 | 4.56% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 25 | $4,075,000 | $163,000 | $2,920 | 5.18% |
| ROME, GA (FHA|USDA|VA) | 23 | $3,905,000 | $169,783 | $4,855 | 4.68% |
| MUSKEGON, MI (FHA|USDA|VA) | 26 | $3,390,000 | $130,385 | $3,054 | 4.18% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 15 | $3,375,000 | $225,000 | $8,858 | 5.22% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 16 | $3,360,000 | $210,000 | $4,396 | 4.48% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $3,270,000 | $545,000 | $8,984 | 4.98% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 14 | $3,210,000 | $229,286 | $11,022 | 5.17% |
| CLEVELAND, TN (FHA|USDA|VA) | 12 | $2,950,000 | $245,833 | $5,154 | 4.55% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 19 | $2,815,000 | $148,158 | $4,156 | 5.22% |
| ANN ARBOR, MI (FHA|USDA|VA) | 13 | $2,705,000 | $208,077 | $4,049 | 4.71% |
| Cedartown, GA (FHA|USDA|VA) | 20 | $2,690,000 | $134,500 | $4,300 | 4.54% |
| TOLEDO, OH (FHA|USDA|VA) | 18 | $2,550,000 | $141,667 | $4,215 | 4.48% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,250,000 | $375,000 | $9,469 | 5.33% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 13 | $2,235,000 | $171,923 | $4,984 | 5.08% |
| MONROE, MI (FHA|USDA|VA) | 11 | $2,205,000 | $200,455 | $4,187 | 5.68% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $2,170,000 | $542,500 | $14,439 | 5.41% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 15 | $2,165,000 | $144,333 | $5,777 | 5.03% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 6 | $2,130,000 | $355,000 | $5,013 | 5.04% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 11 | $2,115,000 | $192,273 | $3,236 | 5.00% |
| EL PASO, TX (FHA|USDA|VA) | 8 | $2,030,000 | $253,750 | $5,062 | 5.33% |
| Traverse City, MI (FHA|USDA|VA) | 9 | $1,865,000 | $207,222 | $3,918 | 4.10% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 11 | $1,855,000 | $168,636 | $4,058 | 4.48% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $1,845,000 | $615,000 | $8,259 | 4.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 6 | $1,540,000 | $256,667 | $4,803 | 5.96% |
| SAN ANGELO, TX (FHA|USDA|VA) | 6 | $1,530,000 | $255,000 | $4,432 | 4.40% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $1,455,000 | $1,455,000 | $5,339 | 6.00% |
| Sturgis, MI (FHA|USDA|VA) | 10 | $1,430,000 | $143,000 | $6,957 | 4.09% |
| DALTON, GA (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $6,151 | 4.52% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $18,774 | 5.25% |
| FLINT, MI (FHA|USDA|VA) | 11 | $1,385,000 | $125,909 | $3,798 | 5.09% |
| ALBANY, GA (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $5,855 | 4.18% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $10,483 | 5.88% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $9,381 | 5.56% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $4,950 | 4.69% |
| CHICO, CA (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $8,853 | 5.04% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $4,784 | 3.92% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 8 | $1,230,000 | $153,750 | $4,384 | 5.41% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $10,872 | 3.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $5,264 | 4.63% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $6,785 | 3.13% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $7,143 | 4.58% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 8 | $1,110,000 | $138,750 | $4,217 | 4.31% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 7 | $1,065,000 | $152,143 | $4,112 | 4.61% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $21,941 | 5.13% |
| JACKSON, MI (FHA|USDA|VA) | 10 | $1,050,000 | $105,000 | $4,527 | 5.45% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $8,063 | 4.28% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $6,694 | 4.79% |
| Jasper, IN (FHA|USDA|VA) | 9 | $935,000 | $103,889 | $2,583 | 4.29% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $4,831 | 4.85% |
| Ketchikan, AK (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $5,109 | 5.08% |
| GETTYSBURG, PA (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $9,333 | 5.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $3,915 | 3.71% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $6,683 | 5.60% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $6,715 | 4.45% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $20,096 | 5.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $7,864 | 5.17% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $7,541 | 5.69% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $10,175 | 5.56% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $3,685 | 5.40% |
| Defiance, OH (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $4,131 | 6.16% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $8,968 | 4.08% |
| Jefferson, GA (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $7,463 | 4.66% |
| Alma, MI (FHA|USDA|VA) | 9 | $705,000 | $78,333 | $2,956 | 4.76% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $3,410 | 4.45% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,832 | 4.83% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,627 | 6.56% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $4,574 | 5.25% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $6,340 | 5.75% |
| Fairmont, WV (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $7,206 | 5.42% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $3,510 | 4.63% |
| Hillsdale, MI (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,869 | 3.92% |
| WACO, TX (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $6,829 | 4.71% |
| KOKOMO, IN (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $2,682 | 5.08% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,941 | 5.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,345 | 4.14% |
| Lebanon, NH-VT (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $7,184 | 4.71% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,166 | 4.63% |
| Adrian, MI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,870 | 4.69% |
| Toccoa, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $9,838 | 4.56% |
| Marion, IN (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $3,227 | 5.10% |
| TYLER, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,276 | 5.56% |
| Athens, TN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,039 | 4.94% |
| Lufkin, TX (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,853 | 4.79% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,414 | 5.63% |
| MIDLAND, MI (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $2,724 | 4.33% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,929 | 4.63% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,610 | 6.44% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,014 | 3.50% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $14,220 | 4.63% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,427 | 5.13% |
| Othello, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,096 | 5.13% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,072 | 4.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,818 | 5.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,014 | 5.38% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,794 | 5.38% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,574 | 5.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,056 | 4.69% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,871 | 5.38% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,930 | 6.06% |
| Holland, MI (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,084 | 4.19% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,728 | 4.69% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 4.50% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,246 | 2.63% |
| MERCED, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,381 | 4.63% |
| Plymouth, IN (FHA|USDA|VA) | 5 | $305,000 | $61,000 | $3,088 | 4.70% |
| Cullman, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.50% |
| New Castle, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,603 | 5.50% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,920 | 3.13% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,332 | 6.63% |
| Hastings, NE (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,645 | 4.75% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,685 | 5.25% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,134 | 6.13% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,826 | 5.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,058 | 5.44% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,805 | 5.69% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,370 | 5.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,746 | 5.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,961 | 4.88% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,452 | 4.63% |
| Cadillac, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,386 | 5.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,140 | 3.67% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,418 | 6.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,833 | 5.50% |
| DANVILLE, IL (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $2,805 | 5.21% |
| Susanville, CA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,369 | 4.69% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,074 | 3.63% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,354 | 3.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,805 | 6.13% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,039 | 5.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,000 | 4.63% |
| Russellville, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,156 | 6.00% |
| Dayton, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,170 | 5.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,551 | 3.25% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,936 | 2.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,742 | 4.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,810 | 5.38% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,745 | 3.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,359 | 2.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,586 | 4.94% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,761 | 6.56% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,404 | 4.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,607 | 4.50% |
| Palestine, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,976 | 3.75% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,286 | 4.38% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,794 | 5.25% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,640 | 5.25% |
| RACINE, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,575 | 5.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,266 | 4.63% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,192 | 6.00% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,013 | 7.38% |
| READING, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,231 | 3.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $2,500 | 4.06% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,542 | 5.13% |
| Connersville, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,854 | 6.38% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $9,603 | 6.13% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,158 | 5.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,100 | 5.50% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,240 | 5.50% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,063 | 4.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,575 | 4.63% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,830 | 5.88% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,741 | 3.75% |
| NILES, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,899 | 5.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,350 | 5.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,588 | 5.00% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $798 | 5.13% |
| Auburn, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,435 | 3.75% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,884 | 5.38% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,575 | 3.88% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,380 | 5.63% |
| Washington, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,873 | 6.38% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,395 | 4.13% |
| Sterling, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,899 | 5.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,343 | 4.99% |
| Urbana, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,277 | 3.75% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,224 | 6.88% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,581 | 5.50% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,823 | 6.13% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,331 | 3.38% |
| Meadville, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,778 | 5.13% |
| Decatur, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,192 | 5.13% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,569 | 4.75% |
| Wabash, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,018 | 6.38% |
| Americus, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,177 | 5.75% |
| Fremont, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,286 | 5.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,528 | 4.75% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,181 | 5.25% |
| TULSA, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,402 | 2.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,987 | 3.25% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,597 | 5.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,385 | 3.25% |
| Peru, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,252 | 3.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,360 | 5.13% |
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We use machine learning to identify the top lenders compared against MEMBER FIRST MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, Member First Mortgage's most frequently originated type of loan was Conventional, with 1,190 originations. Their 2nd most popular type was FHA, with 302 originations.
Loan Reason
For 2022, Member First Mortgage's most frequently cited loan purpose was Home Purchase, with 969 originations. The 2nd most popular reason was Cash Out Refi, with 461 originations.
Loan Duration/Length
For 2022, Member First Mortgage's most frequently cited loan duration was 30 Year, with 1,265 originations. The 2nd most popular length was 15 Year, with 235 originations.
Origination Fees/Closing Costs
Member First Mortgage's average total fees were $5,849, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 733 originations.
Interest Rates
During 2022, Member First Mortgage's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 482 originations.
Loan Sizing
2022 saw Member First Mortgage place emphasis on $100k-200k loans with 560 originations, totaling $82,240,000 in origination value.
Applicant Income
Member First Mortgage lent most frequently to those with incomes in the $50k-75k range, with 368 originations. The second most popular income band? $50k or less, with 310 originations.
Applicant Debt to Income Ratio
Member First Mortgage lent most frequently to those with DTI ratios of 20-30%, with 310 originations. The next most common DTI ratio? 30-36%, with 243 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.19%
Member First Mortgage has a below average approval rate.
Pick Rate
Approvals leading to origination42.07%
Member First Mortgage 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 | 1,569 | $379,025,000 | $241,571 |