Member First Mortgage Rates, Fees & Info
GRAND RAPIDS, MILEI: 5493007L4GYNO2PUBS09
Tax ID: 38-3616059
4.8 stars
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Member First Mortgage is a smaller mortgage company specializing in Refi and Home Purchase 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 include Detroit, Chattanooga, Chicago, Atlanta, and New York among others. Member First Mortgage 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. Member First Mortgage is typically an average fee lendor.Originations
2,384Origination Dollar Volume (All Markets)
$453,970,000Awards
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MEMBER FIRST MORTGAGE - 2021
MEMBER FIRST MORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Member First Mortgage 's average 30 year fixed rate mortgage of loans were
3.25%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.1%.
Relative Fees
Member First Mortgage 's average total fees for a 30 year fixed rate
mortgage are $4,652.
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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 465 | $84,285,000 | $181,258 | $3,537 | 3.07% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 180 | $44,010,000 | $244,500 | $4,681 | 3.08% |
| Outside of Metro Areas | 207 | $27,555,000 | $133,116 | $3,281 | 3.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 119 | $22,085,000 | $185,588 | $3,616 | 3.14% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 89 | $20,635,000 | $231,854 | $5,190 | 3.14% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 56 | $15,110,000 | $269,821 | $5,080 | 3.16% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 42 | $13,590,000 | $323,571 | $6,745 | 2.96% |
| CLEVELAND, TN (FHA|USDA|VA) | 51 | $12,755,000 | $250,098 | $5,213 | 3.05% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 59 | $11,935,000 | $202,288 | $4,643 | 3.09% |
| MUSKEGON, MI (FHA|USDA|VA) | 90 | $11,910,000 | $132,333 | $2,874 | 3.09% |
| REDDING, CA (FHA|USDA|VA) | 36 | $10,290,000 | $285,833 | $5,388 | 3.30% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 19 | $9,455,000 | $497,632 | $4,131 | 2.97% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 52 | $8,530,000 | $164,038 | $3,245 | 3.20% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 49 | $7,085,000 | $144,592 | $3,589 | 3.04% |
| ANN ARBOR, MI (FHA|USDA|VA) | 33 | $6,795,000 | $205,909 | $2,776 | 2.93% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 25 | $5,215,000 | $208,600 | $4,280 | 3.03% |
| TOLEDO, OH (FHA|USDA|VA) | 32 | $5,030,000 | $157,188 | $3,915 | 3.16% |
| ROME, GA (FHA|USDA|VA) | 33 | $4,585,000 | $138,939 | $4,351 | 2.98% |
| Cedartown, GA (FHA|USDA|VA) | 27 | $4,275,000 | $158,333 | $4,321 | 3.03% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 34 | $4,060,000 | $119,412 | $2,699 | 3.03% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 29 | $3,445,000 | $118,793 | $3,212 | 2.94% |
| Traverse City, MI (FHA|USDA|VA) | 18 | $3,130,000 | $173,889 | $4,229 | 3.03% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 14 | $3,060,000 | $218,571 | $6,932 | 2.96% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $2,450,000 | $306,250 | $8,668 | 2.83% |
| DOVER, DE (FHA|USDA|VA) | 8 | $2,370,000 | $296,250 | $5,784 | 2.91% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 20 | $2,370,000 | $118,500 | $4,013 | 3.17% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 6 | $2,370,000 | $395,000 | $7,673 | 2.79% |
| Marion, IN (FHA|USDA|VA) | 25 | $2,205,000 | $88,200 | $2,698 | 3.03% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 16 | $2,120,000 | $132,500 | $2,769 | 3.17% |
| EL PASO, TX (FHA|USDA|VA) | 12 | $2,000,000 | $166,667 | $4,095 | 3.55% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 12 | $2,000,000 | $166,667 | $3,309 | 2.97% |
| Lebanon, NH-VT (FHA|USDA|VA) | 12 | $1,950,000 | $162,500 | $7,766 | 3.55% |
| Holland, MI (FHA|USDA|VA) | 10 | $1,940,000 | $194,000 | $4,910 | 3.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,905,000 | $635,000 | $4,205 | 3.08% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,710,000 | $855,000 | $23,536 | 3.00% |
| CHICO, CA (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $6,269 | 3.16% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 8 | $1,620,000 | $202,500 | $7,973 | 3.36% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $9,613 | 2.62% |
| SAGINAW, MI (FHA|USDA|VA) | 16 | $1,600,000 | $100,000 | $3,461 | 3.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,580,000 | $790,000 | $12,194 | 2.81% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $5,741 | 2.63% |
| JACKSON, MI (FHA|USDA|VA) | 14 | $1,540,000 | $110,000 | $3,967 | 3.41% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $5,166 | 3.09% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $6,173 | 2.81% |
| Jasper, IN (FHA|USDA|VA) | 11 | $1,435,000 | $130,455 | $2,388 | 2.89% |
| WACO, TX (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $6,501 | 2.90% |
| READING, PA (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $6,787 | 3.30% |
| SAVANNAH, GA (FHA|USDA|VA) | 9 | $1,365,000 | $151,667 | $4,000 | 3.21% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 8 | $1,340,000 | $167,500 | $3,380 | 2.84% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 8 | $1,320,000 | $165,000 | $3,881 | 2.88% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $6,863 | 3.05% |
| KOKOMO, IN (FHA|USDA|VA) | 11 | $1,285,000 | $116,818 | $3,040 | 3.10% |
| KNOXVILLE, TN (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $3,815 | 2.77% |
| Sturgis, MI (FHA|USDA|VA) | 10 | $1,240,000 | $124,000 | $4,345 | 2.95% |
| Gillette, WY (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $3,710 | 2.85% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $5,884 | 3.33% |
| FLINT, MI (FHA|USDA|VA) | 9 | $1,065,000 | $118,333 | $2,530 | 2.89% |
| MONROE, MI (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $2,805 | 3.23% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,030,000 | $171,667 | $4,236 | 3.04% |
| LAS CRUCES, NM (FHA|USDA|VA) | 8 | $1,030,000 | $128,750 | $2,807 | 3.08% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $1,005,000 | $143,571 | $6,622 | 3.23% |
| Statesboro, GA (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $6,367 | 3.23% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $8,558 | 3.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $5,712 | 3.23% |
| SAN ANGELO, TX (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $4,110 | 3.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $3,915 | 3.13% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $4,416 | 2.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $5,514 | 3.00% |
| ALBANY, GA (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $4,151 | 3.05% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $8,581 | 3.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $3,640 | 3.58% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $4,107 | 3.21% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $3,700 | 3.06% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $7,688 | 3.19% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $7,485 | 2.67% |
| Athens, TX (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $37,082 | 2.75% |
| Susanville, CA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,370 | 3.21% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $5,623 | 3.13% |
| ALTOONA, PA (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $4,874 | 3.23% |
| Adrian, MI (FHA|USDA|VA) | 6 | $740,000 | $123,333 | $3,025 | 3.44% |
| Sheridan, WY (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,216 | 3.50% |
| BAY CITY, MI (FHA|USDA|VA) | 7 | $705,000 | $100,714 | $2,330 | 3.18% |
| Alma, MI (FHA|USDA|VA) | 8 | $670,000 | $83,750 | $3,092 | 3.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,709 | 3.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,867 | 4.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $4,251 | 3.31% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,824 | 3.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $12,996 | 3.25% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,388 | 3.13% |
| DuBois, PA (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $4,083 | 3.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $11,986 | 3.63% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $5,476 | 3.08% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,932 | 2.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,608 | 2.88% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,226 | 3.17% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,138 | 2.69% |
| NILES, MI (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,142 | 3.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,769 | 2.50% |
| DALTON, GA (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $4,839 | 3.28% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,967 | 3.44% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,225 | 3.00% |
| Jacksonville, IL (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $2,452 | 3.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,050 | 2.63% |
| Plymouth, IN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,848 | 3.06% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,986 | 2.75% |
| Warsaw, IN (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $3,065 | 2.94% |
| Cadillac, MI (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $4,785 | 3.50% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,913 | 3.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $6,085 | 3.58% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $2,318 | 3.25% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $10,786 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,334 | 3.06% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,995 | 3.38% |
| ROCKFORD, IL (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $2,882 | 3.16% |
| Hillsdale, MI (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $3,285 | 3.00% |
| Vicksburg, MS (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,994 | 3.19% |
| Dayton, TN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,566 | 3.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,855 | 3.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,674 | 3.44% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,324 | 3.31% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,757 | 2.50% |
| Big Rapids, MI (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $2,494 | 2.96% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,354 | 2.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,077 | 3.50% |
| Summerville, GA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $4,430 | 3.21% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,646 | 3.50% |
| Shelton, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $13,781 | 2.25% |
| Lufkin, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,678 | 2.94% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,076 | 2.63% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,990 | 3.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,748 | 3.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,639 | 3.50% |
| Fremont, OH (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $3,462 | 3.00% |
| Brownwood, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,773 | 3.56% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,961 | 2.94% |
| Sterling, IL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,641 | 3.19% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,505 | 3.00% |
| Russellville, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,605 | 2.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,500 | 2.88% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,679 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,024 | 3.00% |
| Barre, VT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,689 | 3.88% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,060 | 2.63% |
| Seneca, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,150 | 3.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,858 | 2.75% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,119 | 2.75% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,051 | 2.38% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,555 | 3.25% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,926 | 3.06% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,762 | 2.50% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,915 | 2.63% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,990 | 3.75% |
| Meadville, PA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,016 | 3.06% |
| Waycross, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,474 | 3.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,826 | 3.50% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,999 | 3.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,863 | 3.38% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,072 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,821 | 1.99% |
| Altus, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,282 | 2.88% |
| Coldwater, MI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,765 | 2.81% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,100 | 3.25% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,425 | 2.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,514 | 2.63% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,911 | 3.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,801 | 3.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,623 | 3.50% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,786 | 3.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,214 | 3.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,837 | 3.25% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,769 | 3.25% |
| Rutland, VT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,200 | 3.63% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,570 | 2.75% |
| Angola, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,622 | 3.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,577 | 3.25% |
| TULSA, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,562 | 2.25% |
| Tifton, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,211 | 2.75% |
| Peru, IN (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,131 | 3.31% |
| Newberry, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,745 | 3.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,846 | 4.88% |
| ERIE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,701 | 3.50% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,115 | 3.25% |
| Duncan, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,809 | 3.75% |
| Oxford, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.00% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,510 | 3.63% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,878 | 3.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,416 | 3.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,822 | 2.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,833 | 3.25% |
| Auburn, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,864 | 3.38% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,432 | 2.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.88% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,794 | 3.38% |
| Huntington, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,659 | 2.88% |
| Wabash, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,810 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,431 | 2.50% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,587 | 3.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,259 | 3.00% |
| Clovis, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,004 | 3.63% |
| Findlay, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,264 | 3.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,567 | 2.75% |
| Americus, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,647 | 2.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.50% |
| Washington, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,357 | 4.50% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,611 | 3.88% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.50% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,747 | 2.63% |
| Taylorville, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,389 | 3.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,174 | 2.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,607 | 2.88% |
| Connersville, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,807 | 3.00% |
| Richmond, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,158 | 3.13% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,073 | 2.63% |
| Houghton, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,698 | 3.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,853 | 4.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,902 | 3.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,834 | 3.38% |
| New Castle, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.13% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,246 | 2.50% |
Member First Mortgage 's top markets include Detroit, Chattanooga, Chicago, Atlanta, and New York among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,852 | $348,240,000 | $188,035 | $3,410 | 3.09% |
| FHA | 426 | $78,140,000 | $183,427 | $6,801 | 3.10% |
| VA | 98 | $26,540,000 | $270,816 | $6,516 | 2.91% |
| USDA | 8 | $1,050,000 | $131,250 | $4,309 | 3.08% |
For the 2021 period, Member First Mortgage 's most frequently originated loan type of loans were Conventional, with 1,852 originations. Their 2nd most popular type is FHA, with 426 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 1,357 | $239,495,000 | $176,489 | $3,410 | 3.01% |
| Home Purchase | 1,017 | $209,795,000 | $206,288 | $5,127 | 3.19% |
| Other | 8 | $4,530,000 | $566,250 | $11,356 | 3.91% |
| Cash Out Refi | 2 | $150,000 | $75,000 | $2,788 | 3.75% |
For the 2021, Member First Mortgage 's most frequently cited loan purpose of loans were Refi, with 1,357 originations. The 2nd most popular reason of loans were Home Purchase, with 1,017 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,643 | $342,545,000 | $208,488 | $4,652 | 3.25% |
| 15 Year | 543 | $77,865,000 | $143,398 | $2,981 | 2.65% |
| 20 Year | 132 | $23,290,000 | $176,439 | $3,143 | 3.07% |
| 10 Year | 59 | $5,805,000 | $98,390 | $2,609 | 2.61% |
| 1 Year | 7 | $4,465,000 | $637,857 | $12,830 | 4.11% |
For the 2021, Member First Mortgage 's most frequently cited loan length of loans were 30 Year, with 1,643 originations. The 2nd most popular length of loans were 15 Year, with 543 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,208 | $206,810,000 | $171,200 |
| $<1k | 792 | $132,130,000 | $166,831 |
| $2k-3k | 195 | $49,455,000 | $253,615 |
| $3k-4k | 94 | $29,340,000 | $312,128 |
| $5k+ | 49 | $29,565,000 | $603,367 |
$4,652 of loans were Member First Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,208 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,083 | $213,505,000 | $197,142 |
| 2.5-3% | 917 | $169,015,000 | $184,313 |
| <2.5% | 304 | $54,700,000 | $179,934 |
| 4-5% | 77 | $16,085,000 | $208,896 |
| 5-6% | 3 | $665,000 | $221,667 |
During 2021, Member First Mortgage 's average interest rate of loans were 3.25%, while their most frequently originated rate bucket of loans were 3-4%, with 1,083 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 1,084 | $158,630,000 | $146,338 | $3,702 | 3.09% |
| $200k-400k | 680 | $181,380,000 | $266,735 | $5,254 | 3.13% |
| $100,000 or less | 490 | $35,930,000 | $73,327 | $2,695 | 3.03% |
| $400k-600k | 98 | $46,410,000 | $473,571 | $6,882 | 3.12% |
| $600k-1MM | 24 | $17,730,000 | $738,750 | $8,964 | 3.10% |
| $1MM+ | 8 | $13,890,000 | $1,736,250 | $12,255 | 2.94% |
2021 saw Member First Mortgage place emphasis on $100k-200k loans with 1,084 originations, totaling $158,630,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 704 | $111,740,000 | $158,722 | $3,930 | 3.10% |
| $50k or less | 557 | $66,295,000 | $119,022 | $3,757 | 3.09% |
| $100k-150k | 421 | $96,695,000 | $229,679 | $4,443 | 3.10% |
| $75k-100k | 418 | $77,590,000 | $185,622 | $4,024 | 3.08% |
| $150k-250k | 197 | $61,285,000 | $311,091 | $5,176 | 3.04% |
| $250k+ | 71 | $36,695,000 | $516,831 | $6,314 | 3.09% |
Member First Mortgage lent most frequently to those with incomes in the $50k-75k range, with 704 originations. The second most popular income band? $50k or less, with 557 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 546 | $93,830,000 | $171,850 | $3,648 | 3.02% |
| 30-36% | 476 | $90,620,000 | $190,378 | $3,953 | 3.09% |
| <20% | 237 | $45,375,000 | $191,456 | $3,546 | 2.94% |
| 50-60% | 141 | $31,895,000 | $226,206 | $6,484 | 3.08% |
| 38% | 96 | $17,430,000 | $181,563 | $3,838 | 3.24% |
| 41% | 85 | $15,685,000 | $184,529 | $4,238 | 3.16% |
| 43% | 85 | $16,915,000 | $199,000 | $4,775 | 3.20% |
| 40% | 82 | $14,620,000 | $178,293 | $3,771 | 3.17% |
| 42% | 80 | $15,350,000 | $191,875 | $4,647 | 3.09% |
| 39% | 75 | $15,425,000 | $205,667 | $3,841 | 3.16% |
| 36% | 69 | $11,875,000 | $172,101 | $3,572 | 3.16% |
| 37% | 68 | $13,110,000 | $192,794 | $4,049 | 3.07% |
| 44% | 66 | $15,150,000 | $229,545 | $4,503 | 3.26% |
| 45% | 60 | $13,840,000 | $230,667 | $5,314 | 3.22% |
| 46% | 60 | $10,750,000 | $179,167 | $4,587 | 3.05% |
| 49% | 56 | $10,160,000 | $181,429 | $5,194 | 3.15% |
| 47% | 51 | $11,355,000 | $222,647 | $4,732 | 3.11% |
| 48% | 42 | $8,650,000 | $205,952 | $4,693 | 3.17% |
| >60% | 9 | $1,935,000 | $215,000 | $3,881 | 3.26% |
Member First Mortgage lent most frequently to those with DTI ratios of 20-30%, with 546 originations. The next most common DTI ratio? 30-36%, with 476 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,656 | $312,210,000 | $188,533 | $4,036 | 3.07% |
| Not provided | 412 | $82,750,000 | $200,850 | $4,414 | 3.11% |
| Black | 257 | $45,685,000 | $177,763 | $4,566 | 3.17% |
| Asian | 25 | $6,375,000 | $255,000 | $4,361 | 3.21% |
| American Indian | 20 | $3,180,000 | $159,000 | $3,426 | 2.99% |
| Asian Indian | 5 | $1,515,000 | $303,000 | $6,151 | 3.30% |
| Korean | 2 | $640,000 | $320,000 | $4,780 | 3.00% |
| Other Asian | 3 | $515,000 | $171,667 | $3,936 | 3.04% |
| Japanese | 1 | $415,000 | $415,000 | $4,088 | 3.50% |
| Chinese | 1 | $365,000 | $365,000 | $4,168 | 3.00% |
| Vietnamese | 1 | $255,000 | $255,000 | $3,595 | 3.13% |
| Other Pacific Islander | 1 | $65,000 | $65,000 | $2,408 | 2.88% |
Approval Rates
Total approvals of all applications82.69%
Member First Mortgage has a below average approval rate.
Pick Rate
Approvals leading to origination54.40%
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 | 2,384 | $453,970,000 | $190,424 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,384 | $453,970,000 | $190,424 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 156 | $17,660,000 | $113,205 | $2,663 | 2.82% |
| 40-60% | 431 | $63,745,000 | $147,900 | $3,033 | 2.88% |
| 60-80% | 890 | $174,220,000 | $195,753 | $3,802 | 3.16% |
| 80-100% | 884 | $193,370,000 | $218,744 | $5,237 | 3.18% |
| Over 100% | 8 | $3,440,000 | $430,000 | $15,854 | 2.98% |
| Under 20% | 15 | $1,535,000 | $102,333 | $2,554 | 2.73% |
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% |
