Member First Mortgage Rates, Fees & Info

GRAND RAPIDS, MI

LEI: 5493007L4GYNO2PUBS09

Tax ID: 38-3616059

4.8 stars - Updated: 2/26/24 - out of 5 stars, based on 40 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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% 2/26/24
30 Year Conventional Refi 6.46% 2/26/24
30 Year Cash-out Refi 6.63% 2/26/24
30 Year FHA Purchase 7.15% 2/26/24
30 Year FHA Refi 6.79% 2/26/24
30 Year VA Purchase 5.89% 2/26/24
30 Year VA Refi 6.16% 2/26/24
30 Year USDA Purchase 6.55% 2/26/24
15 Year Conventional Purchase 6.04% 2/26/24
15 Year Conventional Refi 6.06% 2/26/24
15 Year Cash-out Refi 6.06% 2/26/24
15 Year FHA Purchase 5.68% 2/26/24
15 Year FHA Refi 5.68% 2/26/24
15 Year VA Purchase 6.89% 2/26/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

1,569

Origination Dollar Volume (All Markets)

$379,025,000

Awards

MEMBER FIRST MORTGAGE FHA Loans bronze MEMBER FIRST MORTGAGE 30 Year Conventional Loans silver MEMBER FIRST MORTGAGE FHA Loans bronze MEMBER FIRST MORTGAGE FHA Loans silver
Show all (4) awards

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%
Member First Mortgage's top markets include Dallas, Detroit, Chattanooga, San Jose, and Atlanta among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

    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.

    Bay Area Credit Union, Inc.
    Similarity Rank: 18
    First Savings Bank of Hegewisch
    Similarity Rank: 30
    St James Mortgage Corporation
    Similarity Rank: 114
    Liberty Bank for Savings
    Similarity Rank: 153
    Northfield Savings Bank
    Similarity Rank: 155
    Mutual Savings Bank
    Similarity Rank: 176
    ST. MARY'S BANK
    Similarity Rank: 253
    Sierra Central Credit Union
    Similarity Rank: 256

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,190 $297,680,000 $250,151 $4,549 4.80%
    FHA 302 $60,650,000 $200,828 $7,999 5.03%
    VA 73 $20,145,000 $275,959 $8,452 4.73%
    USDA 4 $550,000 $137,500 $5,249 4.81%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 969 $262,625,000 $271,027 $6,276 5.14%
    Cash Out Refi 461 $84,545,000 $183,395 $3,852 4.44%
    Refi 114 $19,160,000 $168,070 $3,602 3.88%
    Other 18 $11,140,000 $618,889 $11,659 5.13%
    Home Improvement 7 $1,555,000 $222,143 $5,322 5.54%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,265 $327,385,000 $258,802 $5,849 5.04%
    15 Year 235 $33,225,000 $141,383 $3,119 3.86%
    20 Year 30 $5,470,000 $182,333 $4,014 4.57%
    10 Year 20 $1,770,000 $88,500 $2,175 4.18%
    1 Year 17 $11,095,000 $652,647 $12,269 5.22%
    5 Year 2 $80,000 $40,000 $577 5.00%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 733 $157,995,000 $215,546
    $<1k 378 $85,820,000 $227,037
    $2k-3k 186 $44,810,000 $240,914
    $3k-4k 100 $29,940,000 $299,400
    $5k+ 73 $34,425,000 $471,575
    $4k-5k 53 $16,645,000 $314,057

    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

    Loan Rate Originations Total Value Average Loan
    5-6% 482 $123,560,000 $256,349
    4-5% 376 $98,320,000 $261,489
    3-4% 348 $75,270,000 $216,293
    6-7% 214 $47,810,000 $223,411
    2.5-3% 91 $22,835,000 $250,934
    7-8% 33 $6,595,000 $199,848
    <2.5% 25 $4,635,000 $185,400

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 560 $82,240,000 $146,857 $4,435 4.85%
    $200k-400k 529 $149,455,000 $282,524 $6,213 4.94%
    $100,000 or less 276 $19,270,000 $69,819 $2,973 4.63%
    $400k-600k 124 $59,310,000 $478,306 $8,402 5.03%
    $600k-1MM 61 $44,735,000 $733,361 $9,304 4.63%
    $1MM+ 19 $24,015,000 $1,263,947 $15,110 4.46%

    2022 saw Member First Mortgage place emphasis on $100k-200k loans with 560 originations, totaling $82,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 368 $59,550,000 $161,821 $4,796 4.73%
    $50k or less 310 $35,380,000 $114,129 $3,941 4.85%
    $100k-150k 300 $81,060,000 $270,200 $5,934 4.85%
    $75k-100k 296 $63,500,000 $214,527 $5,487 4.95%
    $150k-250k 210 $85,480,000 $407,048 $6,854 4.94%
    $250k+ 83 $53,525,000 $644,880 $8,479 4.69%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 310 $70,790,000 $228,355 $4,735 4.63%
    30-36% 243 $59,465,000 $244,712 $4,773 4.77%
    50-60% 139 $31,825,000 $228,957 $7,725 4.95%
    <20% 93 $18,365,000 $197,473 $3,962 4.40%
    45% 67 $16,155,000 $241,119 $5,707 5.00%
    39% 66 $16,850,000 $255,303 $5,306 4.99%
    42% 65 $17,125,000 $263,462 $5,806 5.02%
    41% 64 $16,460,000 $257,188 $5,685 5.07%
    44% 62 $15,510,000 $250,161 $5,323 4.85%
    38% 61 $12,395,000 $203,197 $4,943 4.87%
    37% 59 $16,725,000 $283,475 $5,560 5.27%
    40% 57 $16,035,000 $281,316 $6,617 4.84%
    43% 55 $14,215,000 $258,455 $5,754 4.79%
    48% 48 $13,240,000 $275,833 $6,291 4.84%
    47% 48 $12,340,000 $257,083 $6,376 5.02%
    36% 46 $9,900,000 $215,217 $4,606 5.11%
    46% 39 $10,205,000 $261,667 $5,422 5.04%
    49% 35 $8,655,000 $247,286 $6,420 5.00%
    >60% 12 $2,770,000 $230,833 $3,695 5.06%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,110 $263,400,000 $237,297 $5,197 4.80%
    Not provided 219 $53,875,000 $246,005 $5,748 4.95%
    Black 177 $35,455,000 $200,311 $5,756 4.94%
    Asian 20 $8,290,000 $414,500 $10,672 5.13%
    Asian Indian 13 $6,915,000 $531,923 $6,385 4.74%
    American Indian 13 $3,755,000 $288,846 $6,147 5.01%
    Filipino 7 $3,275,000 $467,857 $5,523 4.20%
    Other Asian 5 $1,625,000 $325,000 $4,628 4.80%
    Vietnamese 1 $1,015,000 $1,015,000 $3,682 2.88%
    Chinese 2 $1,000,000 $500,000 $16,563 4.56%
    Japanese 1 $375,000 $375,000 $4,964 4.88%
    Native Hawaiian or Islander 1 $45,000 $45,000 $1,332 5.50%

    Approval Rates

    Total approvals of all applications
    84.19%

    Member First Mortgage has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    42.07%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,569 $379,025,000 $241,571

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 129 $17,425,000 $135,078 $3,170 4.32%
    40-60% 221 $45,295,000 $204,955 $4,219 4.37%
    60-80% 439 $116,785,000 $266,025 $5,066 4.75%
    80-100% 729 $192,655,000 $264,273 $6,384 5.14%
    Over 100% 13 $4,365,000 $335,769 $15,168 5.01%
    Under 20% 38 $2,500,000 $65,789 $1,932 4.62%