Member First Mortgage Rates, Fees & Info

GRAND RAPIDS, MI

LEI: 5493007L4GYNO2PUBS09

Tax ID: 38-3616059

4.8 stars - out of 5 stars, based on 49 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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 by origination volume include: Detroit, Chattanooga, Chicago, Atlanta, and New York among others. We have data for 219 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 6.82% 1/29/23
    30 Year Conventional Refi 6.74% 1/29/23
    30 Year Cash-out Refi 7.10% 1/29/23
    30 Year FHA Purchase 7.51% 1/29/23
    30 Year FHA Refi 7.15% 1/29/23
    30 Year VA Purchase 6.48% 1/29/23
    30 Year VA Refi 6.33% 1/29/23
    30 Year USDA Purchase 6.99% 1/29/23
    15 Year Conventional Purchase 6.14% 1/29/23
    15 Year Conventional Refi 6.20% 1/29/23
    15 Year Cash-out Refi 6.20% 1/29/23
    15 Year FHA Purchase 6.58% 1/29/23
    15 Year FHA Refi 7.02% 1/29/23
    15 Year VA Refi 6.22% 1/29/23
    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.


    Originations

    2,384

    Origination Dollar Volume (All Markets)

    $453,970,000

    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 3.25%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.1%.

    Relative Fees (Closing Costs)

    Member First Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $4,652.

    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
    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.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • New Jersey (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: 12
    First Savings Bank of Hegewisch
    Similarity Rank: 45
    N C P D Federal Credit Union
    Similarity Rank: 102
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 150
    Liberty Bank for Savings
    Similarity Rank: 153
    Northfield Savings Bank
    Similarity Rank: 155
    SANDIA LABORATORY
    Similarity Rank: 180
    ST. MARY'S BANK
    Similarity Rank: 184
    Polish-American Federal Credit Union
    Similarity Rank: 212
    Bowater Employees Credit Union
    Similarity Rank: 240

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Member First Mortgage's most frequently originated type of loan was Conventional, with 1,852 originations. Their 2nd most popular type was FHA, with 426 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Member First Mortgage's most frequently cited loan purpose was Refi, with 1,357 originations. The 2nd most popular reason was 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 2021, Member First Mortgage's most frequently cited loan duration was 30 Year, with 1,643 originations. The 2nd most popular length was 15 Year, with 543 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 67 $18,405,000 $274,701
    $5k+ 49 $29,565,000 $603,367
    $4k-5k 27 $10,935,000 $405,000

    Member First Mortgage's average total fees were $4,652, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.25%, while their most frequently originated rate bucket for loans was 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 applications
    85.31%

    Member First Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    47.73%

    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%