Member First Mortgage Rates, Fees & Info

GRAND RAPIDS, MI

LEI: 5493007L4GYNO2PUBS09

Tax ID: 38-3616059

5 stars - Updated: 6/16/24 - out of 5 stars, based on 33 reviews

Latest/2023 | 2022 Data | 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 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, Atlanta, Detroit, Seattle, and Chattanooga among others. We have data for 202 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 relatively high 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% 6/16/24
30 Year Conventional Refi 6.46% 6/16/24
30 Year Cash-out Refi 6.63% 6/16/24
30 Year FHA Purchase 7.15% 6/16/24
30 Year FHA Refi 6.79% 6/16/24
30 Year VA Purchase 5.89% 6/16/24
30 Year VA Refi 6.16% 6/16/24
30 Year USDA Purchase 6.55% 6/16/24
15 Year Conventional Purchase 6.04% 6/16/24
15 Year Conventional Refi 6.06% 6/16/24
15 Year Cash-out Refi 6.06% 6/16/24
15 Year FHA Purchase 5.68% 6/16/24
15 Year FHA Refi 5.68% 6/16/24
15 Year VA Purchase 6.89% 6/16/24
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

1,071

Origination Dollar Volume (All Markets)

$293,755,000
Show all (15) awards

Relative Rate

Member First Mortgage's average 30 year fixed mortgage rate was 6.59%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.11%.

Relative Fees (Closing Costs)

Member First Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $6,988.

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 $9,089.

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) 105 $41,775,000 $397,857 $8,190 6.51%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 72 $23,200,000 $322,222 $8,382 6.66%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 106 $19,090,000 $180,094 $4,703 6.57%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 24 $13,310,000 $554,583 $8,861 5.94%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 46 $12,500,000 $271,739 $7,658 6.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 28 $12,420,000 $443,571 $6,809 6.39%
Outside of Metro Areas 66 $12,380,000 $187,576 $5,004 6.89%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 15 $12,175,000 $811,667 $12,997 5.58%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 57 $11,275,000 $197,807 $4,310 6.61%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $9,825,000 $755,769 $14,155 5.99%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 21 $4,715,000 $224,524 $6,099 6.39%
BATTLE CREEK, MI (FHA|USDA|VA) 23 $4,195,000 $182,391 $6,509 6.76%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $3,910,000 $488,750 $5,609 6.28%
LOUISVILLE, KY (FHA|USDA|VA) 20 $3,900,000 $195,000 $4,004 6.91%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $3,850,000 $481,250 $12,668 5.64%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $3,620,000 $362,000 $9,833 6.59%
ROME, GA (FHA|USDA|VA) 20 $3,610,000 $180,500 $5,650 6.66%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $3,065,000 $613,000 $13,522 6.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 16 $2,610,000 $163,125 $4,685 6.77%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $2,260,000 $565,000 $8,085 6.19%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 16 $2,230,000 $139,375 $2,994 6.95%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 6 $2,200,000 $366,667 $8,912 6.31%
Cedartown, GA (FHA|USDA|VA) 9 $2,075,000 $230,556 $6,041 6.19%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,800,000 $900,000 $9,060 6.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,760,000 $880,000 $16,283 6.63%
Gillette, WY (FHA|USDA|VA) 17 $1,725,000 $101,471 $2,287 7.64%
MUSKEGON, MI (FHA|USDA|VA) 12 $1,600,000 $133,333 $3,505 6.41%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,565,000 $313,000 $5,961 6.68%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 5 $1,495,000 $299,000 $5,570 6.33%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,490,000 $745,000 $12,904 7.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,425,000 $285,000 $7,448 6.33%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,425,000 $475,000 $6,515 5.58%
PITTSBURGH, PA (FHA|USDA|VA) 6 $1,420,000 $236,667 $4,899 7.02%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,385,000 $461,667 $20,193 6.92%
SPRINGFIELD, IL (FHA|USDA|VA) 7 $1,285,000 $183,571 $4,344 6.84%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $1,220,000 $610,000 $11,699 5.88%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 5 $1,175,000 $235,000 $5,308 7.30%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $13,525 6.50%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $1,145,000 $381,667 $8,477 6.83%
SAN ANGELO, TX (FHA|USDA|VA) 6 $1,140,000 $190,000 $6,410 6.71%
Sturgis, MI (FHA|USDA|VA) 6 $1,130,000 $188,333 $6,303 6.60%
SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $1,100,000 $275,000 $8,189 6.72%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,090,000 $545,000 $8,057 6.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 6 $1,070,000 $178,333 $9,208 6.96%
Mineral Wells, TX (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $15,051 6.88%
Moses Lake, WA (FHA|USDA|VA) 3 $1,005,000 $335,000 $6,377 6.46%
Adrian, MI (FHA|USDA|VA) 5 $995,000 $199,000 $3,992 7.48%
STATE COLLEGE, PA (FHA|USDA|VA) 5 $995,000 $199,000 $3,439 6.98%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 7 $995,000 $142,143 $5,740 6.86%
Susanville, CA (FHA|USDA|VA) 4 $990,000 $247,500 $5,675 6.84%
SAGINAW, MI (FHA|USDA|VA) 5 $985,000 $197,000 $4,472 6.73%
SAVANNAH, GA (FHA|USDA|VA) 4 $960,000 $240,000 $9,516 6.56%
Jasper, IN (FHA|USDA|VA) 6 $890,000 $148,333 $3,074 7.29%
KNOXVILLE, TN (FHA|USDA|VA) 3 $845,000 $281,667 $8,040 6.54%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 3 $835,000 $278,333 $8,954 6.79%
Ketchikan, AK (FHA|USDA|VA) 2 $790,000 $395,000 $9,056 6.63%
ALBANY, GA (FHA|USDA|VA) 5 $775,000 $155,000 $6,163 6.53%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $740,000 $185,000 $5,984 6.91%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $740,000 $370,000 $4,083 6.00%
SANTA FE, NM (FHA|USDA|VA) 2 $720,000 $360,000 $12,337 7.19%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $705,000 $705,000 $5,363 4.75%
JACKSON, MS (FHA|USDA|VA) 3 $695,000 $231,667 $5,305 6.83%
Marion, IN (FHA|USDA|VA) 6 $680,000 $113,333 $4,292 7.08%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $670,000 $335,000 $7,809 6.44%
TOLEDO, OH (FHA|USDA|VA) 4 $640,000 $160,000 $5,919 6.53%
BELLINGHAM, WA (FHA|USDA|VA) 1 $635,000 $635,000 $10,371 6.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $635,000 $635,000 $4,474 6.00%
Jacksonville, TX (FHA|USDA|VA) 1 $635,000 $635,000 $5,847 5.88%
DALTON, GA (FHA|USDA|VA) 2 $620,000 $310,000 $9,982 6.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $605,000 $201,667 $7,045 6.79%
EL PASO, TX (FHA|USDA|VA) 4 $600,000 $150,000 $4,472 7.00%
CLEVELAND, TN (FHA|USDA|VA) 3 $595,000 $198,333 $6,147 6.63%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $590,000 $295,000 $10,287 5.88%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $585,000 $195,000 $7,822 6.17%
TULSA, OK (FHA|USDA|VA) 1 $565,000 $565,000 $6,841 6.25%
FLINT, MI (FHA|USDA|VA) 3 $545,000 $181,667 $5,665 6.88%
Calhoun, GA (FHA|USDA|VA) 3 $545,000 $181,667 $5,074 7.50%
Fairmont, WV (FHA|USDA|VA) 3 $535,000 $178,333 $5,594 6.33%
KOKOMO, IN (FHA|USDA|VA) 3 $535,000 $178,333 $5,134 6.96%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 6 $530,000 $88,333 $1,707 6.29%
SALINAS, CA (FHA|USDA|VA) 1 $525,000 $525,000 $10,630 6.00%
JACKSON, MI (FHA|USDA|VA) 4 $520,000 $130,000 $4,478 6.78%
Ashtabula, OH (FHA|USDA|VA) 5 $515,000 $103,000 $4,168 6.58%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $510,000 $255,000 $3,626 7.19%
FORT COLLINS, CO (FHA|USDA|VA) 1 $505,000 $505,000 $4,755 7.13%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $495,000 $495,000 $6,790 5.63%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 3 $495,000 $165,000 $4,414 6.54%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $440,000 $220,000 $6,800 6.50%
BOULDER, CO (FHA|USDA|VA) 1 $425,000 $425,000 $17,877 4.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $425,000 $425,000 $13,112 6.63%
Dayton, TN (FHA|USDA|VA) 2 $420,000 $210,000 $4,033 7.56%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $415,000 $415,000 $17,531 7.63%
CHICO, CA (FHA|USDA|VA) 1 $405,000 $405,000 $12,204 5.63%
Laramie, WY (FHA|USDA|VA) 1 $405,000 $405,000 $0 7.00%
YAKIMA, WA (FHA|USDA|VA) 1 $405,000 $405,000 $3,176 6.63%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $10,477 5.88%
Ellensburg, WA (FHA|USDA|VA) 1 $405,000 $405,000 $6,448 5.88%
Nacogdoches, TX (FHA|USDA|VA) 1 $395,000 $395,000 $6,596 7.13%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $390,000 $195,000 $8,988 7.31%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $385,000 $385,000 $17,659 6.63%
WENATCHEE, WA (FHA|USDA|VA) 1 $385,000 $385,000 $4,464 7.63%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $385,000 $385,000 $8,520 5.00%
Plymouth, IN (FHA|USDA|VA) 4 $370,000 $92,500 $3,090 6.97%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $355,000 $355,000 $3,290 7.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $355,000 $355,000 $11,508 6.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $355,000 $355,000 $4,595 5.88%
Ottawa, IL (FHA|USDA|VA) 2 $350,000 $175,000 $4,196 6.38%
GREELEY, CO (FHA|USDA|VA) 1 $345,000 $345,000 $14,028 4.88%
Picayune, MS (FHA|USDA|VA) 1 $345,000 $345,000 $11,247 6.25%
Pontiac, IL (FHA|USDA|VA) 1 $335,000 $335,000 $9,158 6.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $335,000 $335,000 $19,077 7.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $325,000 $325,000 $16,532 6.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $315,000 $315,000 $11,173 7.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $315,000 $315,000 $5,091 8.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $12,089 6.00%
Stephenville, TX (FHA|USDA|VA) 1 $305,000 $305,000 $10,714 7.38%
LUBBOCK, TX (FHA|USDA|VA) 2 $300,000 $150,000 $6,055 7.13%
Sheridan, WY (FHA|USDA|VA) 3 $295,000 $98,333 $1,941 7.50%
MIDLAND, MI (FHA|USDA|VA) 2 $290,000 $145,000 $4,975 7.06%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $9,219 6.63%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $280,000 $140,000 $5,499 6.38%
ANN ARBOR, MI (FHA|USDA|VA) 1 $275,000 $275,000 $3,889 6.50%
Gainesville, TX (FHA|USDA|VA) 1 $275,000 $275,000 $11,436 5.38%
Defiance, OH (FHA|USDA|VA) 2 $270,000 $135,000 $5,112 6.94%
Albertville, AL (FHA|USDA|VA) 1 $255,000 $255,000 $4,138 6.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $255,000 $255,000 $8,872 5.50%
READING, PA (FHA|USDA|VA) 1 $255,000 $255,000 $10,418 7.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,836 6.13%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $250,000 $125,000 $6,612 8.19%
Bogalusa, LA (FHA|USDA|VA) 1 $245,000 $245,000 $13,481 5.38%
MOBILE, AL (FHA|USDA|VA) 1 $245,000 $245,000 $7,810 6.63%
Granbury, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,913 6.38%
WACO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $8,299 6.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $6,556 8.63%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $235,000 $235,000 $4,980 6.38%
Vicksburg, MS (FHA|USDA|VA) 1 $215,000 $215,000 $4,771 7.50%
Mount Pleasant, MI (FHA|USDA|VA) 1 $215,000 $215,000 $3,568 6.88%
Traverse City, MI (FHA|USDA|VA) 2 $210,000 $105,000 $4,463 6.50%
Summerville, GA (FHA|USDA|VA) 2 $210,000 $105,000 $6,077 6.69%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $205,000 $205,000 $4,783 6.50%
MODESTO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $7,948 6.00%
MONROE, MI (FHA|USDA|VA) 1 $205,000 $205,000 $9,653 7.25%
MUNCIE, IN (FHA|USDA|VA) 1 $205,000 $205,000 $10,973 7.63%
Athens, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,127 7.13%
Warsaw, IN (FHA|USDA|VA) 1 $205,000 $205,000 $3,012 5.88%
WILMINGTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,777 5.00%
Alma, MI (FHA|USDA|VA) 1 $195,000 $195,000 $4,199 6.13%
Bonham, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.63%
Huntingdon, PA (FHA|USDA|VA) 1 $195,000 $195,000 $2,942 6.63%
DANVILLE, IL (FHA|USDA|VA) 2 $190,000 $95,000 $5,825 7.06%
LaGrange, GA-AL (FHA|USDA|VA) 1 $185,000 $185,000 $3,310 6.38%
Holland, MI (FHA|USDA|VA) 1 $185,000 $185,000 $3,919 8.13%
Findlay, OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,655 7.13%
GETTYSBURG, PA (FHA|USDA|VA) 1 $185,000 $185,000 $8,912 7.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,785 7.13%
Marinette, WI-MI (FHA|USDA|VA) 1 $175,000 $175,000 $3,227 6.88%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $175,000 $175,000 $4,324 6.50%
TERRE HAUTE, IN (FHA|USDA|VA) 4 $170,000 $42,500 $2,498 6.53%
Cookeville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $8,366 6.75%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,811 6.75%
Kingsville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $7,111 6.13%
St. Marys, GA (FHA|USDA|VA) 1 $155,000 $155,000 $6,249 7.13%
Lebanon, NH-VT (FHA|USDA|VA) 1 $155,000 $155,000 $7,869 6.63%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $155,000 $155,000 $7,089 6.50%
FRESNO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,479 6.25%
ABILENE, TX (FHA|USDA|VA) 2 $150,000 $75,000 $5,898 7.44%
Decatur, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,623 5.88%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $145,000 $145,000 $7,356 7.13%
Logansport, IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,566 7.13%
ALTOONA, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,785 6.88%
Campbellsville, KY (FHA|USDA|VA) 1 $135,000 $135,000 $3,371 7.38%
LANCASTER, PA (FHA|USDA|VA) 1 $135,000 $135,000 $7,330 7.50%
DuBois, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,438 5.75%
FORT WAYNE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $3,011 6.63%
Alamogordo, NM (FHA|USDA|VA) 1 $125,000 $125,000 $5,175 6.50%
Indiana, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,187 6.50%
BAY CITY, MI (FHA|USDA|VA) 1 $115,000 $115,000 $3,008 6.13%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $115,000 $115,000 $6,138 7.13%
COLUMBUS, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,794 6.88%
Coldwater, MI (FHA|USDA|VA) 1 $115,000 $115,000 $5,359 6.88%
ROCKFORD, IL (FHA|USDA|VA) 1 $105,000 $105,000 $3,786 6.75%
NILES, MI (FHA|USDA|VA) 1 $105,000 $105,000 $3,044 7.00%
Lewistown, PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,531 6.50%
Toccoa, GA (FHA|USDA|VA) 1 $95,000 $95,000 $4,574 5.38%
DECATUR, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,844 7.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.00%
MONROE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $5,510 6.00%
Waycross, GA (FHA|USDA|VA) 1 $85,000 $85,000 $4,485 6.63%
AKRON, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,881 6.00%
PEORIA, IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,961 7.00%
Barre, VT (FHA|USDA|VA) 1 $75,000 $75,000 $6,316 7.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $75,000 $75,000 $5,757 6.25%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $65,000 $65,000 $3,050 6.63%
Peru, IN (FHA|USDA|VA) 1 $65,000 $65,000 $3,711 7.13%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $65,000 $65,000 $3,767 8.13%
Clarksburg, WV (FHA|USDA|VA) 1 $65,000 $65,000 $4,476 6.13%
Riverton, WY (FHA|USDA|VA) 1 $65,000 $65,000 $611 6.50%
RAPID CITY, SD (FHA|USDA|VA) 1 $65,000 $65,000 $812 7.38%
MANSFIELD, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,096 6.50%
DUBUQUE, IA (FHA|USDA|VA) 1 $55,000 $55,000 $4,100 6.63%
Vincennes, IN (FHA|USDA|VA) 1 $35,000 $35,000 $2,798 6.88%
Member First Mortgage's top markets include Dallas, Atlanta, Detroit, Seattle, and Chattanooga among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (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.

    Michigan Legacy Credit Union
    Similarity Rank: 15
    Republic Bank
    Similarity Rank: 21
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Total Community Credit Union
    Similarity Rank: 94
    United Bank of Michigan
    Similarity Rank: 98
    St James Mortgage Corporation
    Similarity Rank: 104
    GLASS CITY Federal Credit Union
    Similarity Rank: 123
    Northway Bank
    Similarity Rank: 126

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 723 $212,585,000 $294,032 $5,355 6.60%
    FHA 293 $64,245,000 $219,266 $8,853 6.66%
    VA 53 $16,695,000 $315,000 $7,987 6.48%
    USDA 2 $230,000 $115,000 $5,179 6.13%

    For 2023, Member First Mortgage's most frequently originated type of loan was Conventional, with 723 originations. Their 2nd most popular type was FHA, with 293 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 814 $246,520,000 $302,850 $7,182 6.56%
    Cash Out Refi 211 $32,855,000 $155,711 $4,139 6.77%
    Refi 32 $11,750,000 $367,188 $5,411 6.39%
    Other 8 $2,320,000 $290,000 $5,130 7.66%
    Home Improvement 6 $310,000 $51,667 $1,437 7.54%

    For 2023, Member First Mortgage's most frequently cited loan purpose was Home Purchase, with 814 originations. The 2nd most popular reason was Cash Out Refi, with 211 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 932 $275,620,000 $295,730 $6,988 6.59%
    15 Year 106 $11,290,000 $106,509 $2,732 6.66%
    20 Year 16 $4,050,000 $253,125 $4,311 6.67%
    10 Year 11 $755,000 $68,636 $1,433 6.86%
    1 Year 3 $1,935,000 $645,000 $10,805 7.54%
    5 Year 2 $80,000 $40,000 $817 6.50%
    Other 1 $25,000 $25,000 $1,468 8.50%

    For 2023, Member First Mortgage's most frequently cited loan duration was 30 Year, with 932 originations. The 2nd most popular length was 15 Year, with 106 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 464 $101,860,000 $219,526
    $<1k 223 $65,725,000 $294,731
    $2k-3k 160 $44,090,000 $275,563
    $5k+ 71 $33,305,000 $469,085
    $3k-4k 67 $21,795,000 $325,299
    $4k-5k 41 $16,275,000 $396,951

    Member First Mortgage's average total fees were $6,988, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 464 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 587 $145,325,000 $247,572
    7-8% 243 $51,735,000 $212,901
    5-6% 202 $86,670,000 $429,059
    Over 8% 24 $4,300,000 $179,167
    4-5% 14 $5,550,000 $396,429
    3-4% 1 $175,000 $175,000

    During 2023, Member First Mortgage's average interest rate for loans was 6.59%, while their most frequently originated rate bucket for loans was 6-7%, with 587 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 360 $102,380,000 $284,389 $7,600 6.59%
    $100k-200k 333 $50,215,000 $150,796 $4,934 6.79%
    $100,000 or less 173 $11,035,000 $63,786 $2,831 6.80%
    $400k-600k 130 $62,220,000 $478,615 $8,952 6.22%
    $600k-1MM 56 $41,950,000 $749,107 $11,339 6.16%
    $1MM+ 19 $25,955,000 $1,366,053 $13,476 6.03%

    2023 saw Member First Mortgage place emphasis on $200k-400k loans with 360 originations, totaling $102,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 234 $37,790,000 $161,496 $5,123 6.67%
    $100k-150k 232 $64,660,000 $278,707 $7,125 6.53%
    $75k-100k 195 $40,075,000 $205,513 $6,307 6.73%
    $150k-250k 181 $70,635,000 $390,249 $7,611 6.55%
    $50k or less 131 $15,285,000 $116,679 $4,436 6.73%
    $250k+ 93 $63,275,000 $680,376 $10,129 6.30%

    Member First Mortgage lent most frequently to those with incomes in the $50k-75k range, with 234 originations. The second most popular income band? $100k-150k, with 232 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 175 $49,525,000 $283,000 $6,040 6.61%
    20-30% 168 $43,420,000 $258,452 $5,216 6.53%
    50-60% 114 $33,290,000 $292,018 $9,074 6.65%
    42% 55 $14,965,000 $272,091 $6,408 6.49%
    44% 55 $14,155,000 $257,364 $6,064 6.61%
    <20% 52 $10,670,000 $205,192 $4,331 6.49%
    45% 46 $11,620,000 $252,609 $6,619 6.63%
    48% 45 $12,205,000 $271,222 $6,606 6.78%
    40% 43 $11,595,000 $269,651 $5,648 6.72%
    36% 41 $15,035,000 $366,707 $7,532 6.49%
    43% 38 $13,660,000 $359,474 $7,126 6.47%
    41% 38 $9,180,000 $241,579 $6,609 6.58%
    38% 37 $11,695,000 $316,081 $7,550 6.63%
    46% 35 $8,895,000 $254,143 $7,197 6.81%
    47% 34 $8,600,000 $252,941 $6,889 6.65%
    39% 32 $9,460,000 $295,625 $6,052 6.64%
    37% 31 $7,645,000 $246,613 $6,376 6.61%
    49% 28 $7,070,000 $252,500 $6,771 6.72%
    >60% 4 $1,070,000 $267,500 $4,253 7.47%

    Member First Mortgage lent most frequently to those with DTI ratios of 30-36%, with 175 originations. The next most common DTI ratio? 20-30%, with 168 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 715 $198,525,000 $277,657 $6,298 6.62%
    Not provided 173 $42,755,000 $247,139 $6,504 6.65%
    Black 117 $27,005,000 $230,812 $7,395 6.67%
    Asian 26 $10,880,000 $418,462 $7,261 5.89%
    Asian Indian 20 $9,070,000 $453,500 $7,354 6.48%
    American Indian 14 $3,270,000 $233,571 $5,299 6.73%
    Filipino 3 $1,375,000 $458,333 $9,182 6.21%
    Other Asian 1 $355,000 $355,000 $2,791 6.00%
    Chinese 1 $265,000 $265,000 $4,323 6.38%
    Vietnamese 1 $255,000 $255,000 $9,429 6.63%

    Approval Rates

    Total approvals of all applications
    83.06%

    Member First Mortgage has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    33.05%

    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 1,071 $293,755,000 $274,281

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,071 $293,755,000 $274,281

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $11,475,000 $188,115 $3,620 6.54%
    40-60% 100 $20,410,000 $204,100 $5,185 6.54%
    60-80% 251 $83,885,000 $334,203 $6,281 6.63%
    80-100% 595 $171,245,000 $287,807 $7,377 6.58%
    Over 100% 11 $3,555,000 $323,182 $12,087 6.32%
    Under 20% 53 $3,185,000 $60,094 $1,503 6.99%