Member First Mortgage Rates, Fees & Info

GRAND RAPIDS, MI

LEI: 5493007L4GYNO2PUBS09

Tax ID: 38-3616059

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 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: Chattanooga, Detroit, Cleveland, Philadelphia, and Ann Arbor among others. We have data for 133 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 a low 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% 4/22/24
30 Year Conventional Refi 6.46% 4/22/24
30 Year Cash-out Refi 6.63% 4/22/24
30 Year FHA Purchase 7.15% 4/22/24
30 Year FHA Refi 6.79% 4/22/24
30 Year VA Purchase 5.89% 4/22/24
30 Year VA Refi 6.16% 4/22/24
30 Year USDA Purchase 6.55% 4/22/24
15 Year Conventional Purchase 6.04% 4/22/24
15 Year Conventional Refi 6.06% 4/22/24
15 Year Cash-out Refi 6.06% 4/22/24
15 Year FHA Purchase 5.68% 4/22/24
15 Year FHA Refi 5.68% 4/22/24
15 Year VA Purchase 6.89% 4/22/24
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

1,325

Origination Dollar Volume (All Markets)

$220,155,000
Show all (10) awards

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
CHATTANOOGA, TN-GA (FHA|USDA|VA) 212 $45,150,000 $212,972 $4,875 4.10%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 206 $31,420,000 $152,524 $3,684 4.05%
Outside of Metro Areas 163 $20,585,000 $126,288 $3,551 4.07%
CLEVELAND, TN (FHA|USDA|VA) 45 $8,735,000 $194,111 $4,740 4.18%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 34 $7,530,000 $221,471 $5,069 3.92%
ANN ARBOR, MI (FHA|USDA|VA) 30 $7,350,000 $245,000 $3,949 3.96%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 50 $7,310,000 $146,200 $3,225 3.94%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 38 $6,600,000 $173,684 $3,350 3.96%
DOVER, DE (FHA|USDA|VA) 32 $6,250,000 $195,313 $4,036 3.86%
Traverse City, MI (FHA|USDA|VA) 36 $6,100,000 $169,444 $3,513 4.13%
MUSKEGON, MI (FHA|USDA|VA) 41 $5,275,000 $128,659 $3,104 3.87%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 26 $5,100,000 $196,154 $4,860 3.95%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 18 $4,130,000 $229,444 $4,910 4.32%
Gillette, WY (FHA|USDA|VA) 21 $3,615,000 $172,143 $3,047 3.88%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 27 $2,975,000 $110,185 $3,806 4.10%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 18 $2,610,000 $145,000 $3,661 4.26%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $1,960,000 $245,000 $5,088 3.48%
SAN ANGELO, TX (FHA|USDA|VA) 9 $1,835,000 $203,889 $6,481 3.85%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 6 $1,780,000 $296,667 $3,916 4.21%
Jasper, IN (FHA|USDA|VA) 13 $1,625,000 $125,000 $3,051 4.38%
EL PASO, TX (FHA|USDA|VA) 11 $1,515,000 $137,727 $4,499 4.15%
Adrian, MI (FHA|USDA|VA) 13 $1,505,000 $115,769 $3,505 4.27%
BATTLE CREEK, MI (FHA|USDA|VA) 13 $1,485,000 $114,231 $4,256 4.26%
Athens, TN (FHA|USDA|VA) 10 $1,420,000 $142,000 $3,985 4.23%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 11 $1,375,000 $125,000 $2,801 3.92%
SPRINGFIELD, IL (FHA|USDA|VA) 9 $1,355,000 $150,556 $4,869 4.08%
REDDING, CA (FHA|USDA|VA) 8 $1,240,000 $155,000 $3,455 4.06%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 8 $1,190,000 $148,750 $3,307 3.97%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,005,000 $201,000 $5,049 3.93%
Sturgis, MI (FHA|USDA|VA) 8 $970,000 $121,250 $5,128 4.30%
JACKSON, MI (FHA|USDA|VA) 7 $935,000 $133,571 $3,392 4.18%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 7 $865,000 $123,571 $3,389 4.66%
CHICO, CA (FHA|USDA|VA) 2 $820,000 $410,000 $5,740 4.06%
Oxford, MS (FHA|USDA|VA) 1 $775,000 $775,000 $4,931 4.00%
TOLEDO, OH (FHA|USDA|VA) 6 $760,000 $126,667 $3,211 4.10%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $695,000 $695,000 $12,895 4.88%
LAS CRUCES, NM (FHA|USDA|VA) 5 $685,000 $137,000 $3,429 4.05%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $680,000 $340,000 $3,634 3.63%
BAY CITY, MI (FHA|USDA|VA) 5 $615,000 $123,000 $3,597 4.28%
GAINESVILLE, GA (FHA|USDA|VA) 2 $600,000 $300,000 $4,026 4.44%
Holland, MI (FHA|USDA|VA) 4 $570,000 $142,500 $2,828 3.78%
Marion, IN (FHA|USDA|VA) 5 $565,000 $113,000 $3,147 3.98%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $555,000 $185,000 $5,317 4.25%
Warsaw, IN (FHA|USDA|VA) 3 $535,000 $178,333 $4,758 4.33%
KNOXVILLE, TN (FHA|USDA|VA) 2 $500,000 $250,000 $3,202 3.94%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $460,000 $230,000 $4,009 4.13%
Plymouth, IN (FHA|USDA|VA) 4 $460,000 $115,000 $2,956 3.88%
PITTSBURGH, PA (FHA|USDA|VA) 4 $450,000 $112,500 $3,830 4.13%
COLUMBUS, OH (FHA|USDA|VA) 1 $445,000 $445,000 $5,129 4.25%
FLINT, MI (FHA|USDA|VA) 3 $435,000 $145,000 $4,547 4.08%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $425,000 $425,000 $6,078 4.38%
Greenwood, SC (FHA|USDA|VA) 3 $415,000 $138,333 $3,571 4.13%
Hobbs, NM (FHA|USDA|VA) 2 $410,000 $205,000 $4,666 4.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $400,000 $200,000 $3,923 4.56%
KOKOMO, IN (FHA|USDA|VA) 4 $390,000 $97,500 $2,902 3.84%
Spearfish, SD (FHA|USDA|VA) 2 $390,000 $195,000 $3,036 3.94%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $385,000 $128,333 $2,525 3.71%
Cookeville, TN (FHA|USDA|VA) 1 $385,000 $385,000 $4,542 3.25%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $375,000 $375,000 $4,910 2.88%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $350,000 $175,000 $3,781 3.88%
Richmond, IN (FHA|USDA|VA) 3 $345,000 $115,000 $4,853 4.46%
Hillsdale, MI (FHA|USDA|VA) 3 $345,000 $115,000 $3,893 3.96%
LANCASTER, PA (FHA|USDA|VA) 1 $345,000 $345,000 $7,646 3.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,478 3.75%
Coldwater, MI (FHA|USDA|VA) 2 $330,000 $165,000 $4,847 3.94%
Jefferson, GA (FHA|USDA|VA) 2 $320,000 $160,000 $4,814 5.00%
Ruidoso, NM (FHA|USDA|VA) 1 $315,000 $315,000 $10,683 3.38%
Steamboat Springs, CO (FHA|USDA|VA) 1 $315,000 $315,000 $3,434 3.88%
MIDLAND, MI (FHA|USDA|VA) 2 $310,000 $155,000 $3,995 3.88%
TULSA, OK (FHA|USDA|VA) 2 $310,000 $155,000 $4,760 3.50%
WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $305,000 $101,667 $2,958 4.54%
READING, PA (FHA|USDA|VA) 2 $290,000 $145,000 $4,379 3.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $285,000 $285,000 $8,842 3.50%
Big Rapids, MI (FHA|USDA|VA) 2 $280,000 $140,000 $2,662 3.94%
Cedartown, GA (FHA|USDA|VA) 1 $275,000 $275,000 $9,073 4.75%
Cadillac, MI (FHA|USDA|VA) 3 $265,000 $88,333 $2,742 3.83%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $255,000 $255,000 $2,434 3.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $255,000 $255,000 $4,297 3.88%
Kendallville, IN (FHA|USDA|VA) 2 $250,000 $125,000 $3,566 4.38%
SAGINAW, MI (FHA|USDA|VA) 4 $250,000 $62,500 $2,444 4.06%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $220,000 $110,000 $2,249 3.94%
ROCKFORD, IL (FHA|USDA|VA) 2 $220,000 $110,000 $4,637 4.31%
Statesboro, GA (FHA|USDA|VA) 2 $220,000 $110,000 $4,019 5.31%
Alma, MI (FHA|USDA|VA) 3 $215,000 $71,667 $2,522 3.71%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $5,778 4.75%
SAVANNAH, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,835 4.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $205,000 $205,000 $7,675 3.99%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $200,000 $100,000 $4,958 4.81%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $200,000 $100,000 $3,578 4.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,287 4.00%
MONROE, MI (FHA|USDA|VA) 2 $180,000 $90,000 $2,483 3.69%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $2,730 3.50%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $170,000 $85,000 $2,117 4.75%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $165,000 $165,000 $3,130 3.88%
MADISON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $5,852 4.75%
Alamogordo, NM (FHA|USDA|VA) 2 $160,000 $80,000 $3,517 3.81%
Connersville, IN (FHA|USDA|VA) 2 $160,000 $80,000 $3,039 4.25%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $155,000 $155,000 $4,432 3.38%
DALTON, GA (FHA|USDA|VA) 1 $155,000 $155,000 $6,329 3.38%
NILES, MI (FHA|USDA|VA) 2 $140,000 $70,000 $2,252 4.13%
Summerville, GA (FHA|USDA|VA) 1 $135,000 $135,000 $5,976 4.88%
PEORIA, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,283 3.88%
Jesup, GA (FHA|USDA|VA) 1 $135,000 $135,000 $2,346 4.00%
Dayton, TN (FHA|USDA|VA) 1 $135,000 $135,000 $4,637 3.50%
Wabash, IN (FHA|USDA|VA) 2 $130,000 $65,000 $2,067 4.06%
Grenada, MS (FHA|USDA|VA) 1 $125,000 $125,000 $4,815 3.50%
Marquette, MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,202 4.25%
Ludington, MI (FHA|USDA|VA) 1 $125,000 $125,000 $4,481 4.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,719 4.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $120,000 $60,000 $1,914 3.69%
Albert Lea, MN (FHA|USDA|VA) 1 $115,000 $115,000 $5,521 5.00%
MONTGOMERY, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,844 3.88%
Fairmont, WV (FHA|USDA|VA) 1 $115,000 $115,000 $3,027 4.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,038 3.50%
Angola, IN (FHA|USDA|VA) 1 $105,000 $105,000 $1,868 3.63%
New Castle, IN (FHA|USDA|VA) 1 $105,000 $105,000 $4,057 3.63%
MUNCIE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $3,949 4.75%
ALBANY, GA (FHA|USDA|VA) 1 $95,000 $95,000 $4,612 4.63%
WACO, TX (FHA|USDA|VA) 1 $85,000 $85,000 $2,306 4.38%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,635 6.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $75,000 $75,000 $5,057 3.63%
FORT WAYNE, IN (FHA|USDA|VA) 1 $75,000 $75,000 $2,747 4.75%
Sault Ste. Marie, MI (FHA|USDA|VA) 1 $75,000 $75,000 $2,214 4.50%
Sulphur Springs, TX (FHA|USDA|VA) 1 $75,000 $75,000 $3,430 4.00%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $65,000 $65,000 $2,029 3.13%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $2,145 3.38%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $65,000 $65,000 $2,309 4.88%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $65,000 $65,000 $2,697 4.00%
TYLER, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,990 3.38%
Bennettsville, SC (FHA|USDA|VA) 1 $55,000 $55,000 $2,129 4.38%
Dixon, IL (FHA|USDA|VA) 1 $55,000 $55,000 $2,907 3.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $55,000 $55,000 $2,078 4.38%
Sterling, IL (FHA|USDA|VA) 1 $35,000 $35,000 $2,324 3.25%
Member First Mortgage's top markets include Chattanooga, Detroit, Cleveland, Philadelphia, and Ann Arbor among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 922 $156,830,000 $170,098 $3,276 4.03%
    FHA 309 $45,605,000 $147,589 $5,551 4.15%
    VA 60 $12,640,000 $210,667 $6,436 4.00%
    USDA 34 $5,080,000 $149,412 $4,308 4.03%

    For 2019, Member First Mortgage's most frequently originated type of loan was Conventional, with 922 originations. Their 2nd most popular type was FHA, with 309 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 827 $139,165,000 $168,277 $4,313 4.15%
    Cash Out Refi 327 $48,735,000 $149,037 $3,517 3.95%
    Refi 163 $29,965,000 $183,834 $3,251 3.79%
    Other 6 $800,000 $133,333 $2,538 4.58%
    Home Improvement 2 $1,490,000 $745,000 $3,204 4.50%

    For 2019, Member First Mortgage's most frequently cited loan purpose was Home Purchase, with 827 originations. The 2nd most popular reason was Cash Out Refi, with 327 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,023 $178,645,000 $174,629 $4,280 4.16%
    15 Year 195 $26,745,000 $137,154 $2,995 3.59%
    20 Year 70 $9,590,000 $137,000 $3,072 3.98%
    10 Year 30 $2,840,000 $94,667 $2,513 3.64%
    1 Year 6 $2,320,000 $386,667 $0 5.06%
    5 Year 1 $15,000 $15,000 $271 3.25%

    For 2019, Member First Mortgage's most frequently cited loan duration was 30 Year, with 1,023 originations. The 2nd most popular length was 15 Year, with 195 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 602 $105,810,000 $175,764
    $<1k 500 $64,110,000 $128,220
    $2k-3k 136 $27,180,000 $199,853
    $3k-4k 53 $12,125,000 $228,774
    $4k-5k 25 $6,605,000 $264,200
    $5k+ 9 $4,325,000 $480,556

    Member First Mortgage's average total fees were $4,280, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 602 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 724 $124,120,000 $171,436
    4-5% 529 $85,055,000 $160,784
    5-6% 49 $6,855,000 $139,898
    2.5-3% 22 $4,000,000 $181,818
    6-7% 1 $125,000 $125,000

    During 2019, Member First Mortgage's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 3-4%, with 724 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 648 $94,790,000 $146,281 $3,901 4.07%
    $200k-400k 327 $87,095,000 $266,346 $5,122 3.96%
    $100,000 or less 320 $23,670,000 $73,969 $2,890 4.14%
    $400k-600k 26 $11,210,000 $431,154 $4,821 4.13%
    $600k-1MM 3 $2,085,000 $695,000 $7,615 3.92%
    $1MM+ 1 $1,305,000 $1,305,000 $0 4.13%

    2019 saw Member First Mortgage place emphasis on $100k-200k loans with 648 originations, totaling $94,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 381 $56,695,000 $148,806 $4,103 4.06%
    $50k or less 361 $41,005,000 $113,587 $3,625 4.16%
    $75k-100k 245 $45,025,000 $183,776 $4,104 4.03%
    $100k-150k 228 $45,640,000 $200,175 $4,024 3.98%
    $150k-250k 88 $24,450,000 $277,841 $4,480 3.95%
    $250k+ 19 $6,745,000 $355,000 $4,239 3.90%

    Member First Mortgage lent most frequently to those with incomes in the $50k-75k range, with 381 originations. The second most popular income band? $50k or less, with 361 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 308 $50,060,000 $162,532 $3,391 4.01%
    30-36% 241 $39,885,000 $165,498 $4,006 4.09%
    <20% 93 $11,865,000 $127,581 $3,103 3.89%
    50-60% 77 $13,505,000 $175,390 $5,426 4.05%
    37% 54 $8,200,000 $151,852 $3,536 4.06%
    41% 52 $7,850,000 $150,962 $4,255 4.09%
    38% 51 $9,375,000 $183,824 $4,201 3.99%
    44% 50 $8,500,000 $170,000 $4,101 4.14%
    40% 47 $6,685,000 $142,234 $4,108 4.31%
    42% 46 $8,700,000 $189,130 $4,188 4.23%
    43% 44 $7,470,000 $169,773 $4,042 4.03%
    49% 39 $7,385,000 $189,359 $5,105 4.04%
    36% 37 $6,765,000 $182,838 $4,594 4.07%
    46% 37 $6,335,000 $171,216 $4,141 4.01%
    45% 37 $6,855,000 $185,270 $4,452 4.16%
    39% 36 $6,140,000 $170,556 $3,940 4.09%
    48% 30 $6,170,000 $205,667 $4,398 4.02%
    47% 21 $3,775,000 $179,762 $4,413 4.16%
    >60% 12 $1,860,000 $155,000 $5,240 4.25%

    Member First Mortgage lent most frequently to those with DTI ratios of 20-30%, with 308 originations. The next most common DTI ratio? 30-36%, with 241 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,087 $180,535,000 $166,086 $3,868 4.06%
    Not provided 123 $20,975,000 $170,528 $4,331 4.06%
    Black 86 $13,710,000 $159,419 $4,717 4.12%
    Asian 12 $2,410,000 $200,833 $5,852 4.03%
    American Indian 9 $1,155,000 $128,333 $3,685 3.86%
    Asian Indian 5 $865,000 $173,000 $3,404 4.53%
    Other Pacific Islander 1 $205,000 $205,000 $7,575 3.38%
    Other Asian 1 $185,000 $185,000 $2,945 3.13%
    Not applicable 1 $115,000 $115,000 $2,821 3.75%

    Approval Rates

    Total approvals of all applications
    79.49%

    Member First Mortgage has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.51%

    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 1,325 $220,155,000 $166,155

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 53 $5,135,000 $96,887
    Single Family (1-4 Units):Site-Built 1,272 $215,020,000 $169,041

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $5,530,000 $102,407 $2,636 3.62%
    40-60% 140 $18,450,000 $131,786 $2,970 3.85%
    60-80% 394 $69,360,000 $176,041 $3,533 4.03%
    80-100% 718 $123,360,000 $171,811 $4,461 4.15%
    Over 100% 15 $3,125,000 $208,333 $7,458 4.04%
    Under 20% 4 $330,000 $82,500 $2,331 3.81%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MEMBER FIRST MORTGAGE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%