Amerifirst Financial Corporation Mortgage Rates, Fees & Info

KALAMAZOO, MI

LEI: 54930080OKRZ7NNZIO71

Tax ID: 38-2699549

3.7 stars - out of 5 stars, based on 111 reviews

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

Jump to:

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

    Amerifirst Financial Corporation is a small mortgage company specializing in Home Purchase and Refi loans. Amerifirst Financial Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Tampa, Orlando, Detroit, Lakeland, and Cincinnati among others. We have data for 247 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Amerifirst Financial Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Amerifirst Financial Corporation 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 7.28% 12/4/22
    30 Year Conventional Refi 7.01% 12/4/22
    30 Year Cash-out Refi 7.23% 12/4/22
    30 Year FHA Purchase 8.64% 12/4/22
    30 Year FHA Refi 8.07% 12/4/22
    30 Year VA Purchase 7.34% 12/4/22
    30 Year VA Refi 6.46% 12/4/22
    30 Year USDA Purchase 7.78% 12/4/22
    30 Year USDA Refi 7.05% 12/4/22
    15 Year Conventional Purchase 6.25% 12/4/22
    15 Year Conventional Refi 6.17% 12/4/22
    15 Year Cash-out Refi 6.17% 12/4/22
    15 Year FHA Purchase 9.67% 12/4/22
    15 Year FHA Refi 8.38% 12/4/22
    15 Year VA Purchase 6.32% 12/4/22
    15 Year VA Refi 6.60% 12/4/22
    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

    12,341

    Origination Dollar Volume (All Markets)

    $2,471,565,000
    Show all (14) awards

    Relative Rate

    Amerifirst Financial Corporation's average 30 year fixed mortgage rate was 3.38%.

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

    This yields a difference of 0.23%.

    Relative Fees (Closing Costs)

    Amerifirst Financial Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $5,356.

    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
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1,469 $331,175,000 $225,442 $5,674 3.33%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1,071 $311,235,000 $290,602 $6,284 3.28%
    Outside of Metro Areas 981 $150,155,000 $153,063 $4,475 3.34%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 805 $143,455,000 $178,205 $3,909 3.24%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 474 $108,050,000 $227,954 $6,253 3.38%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 490 $89,630,000 $182,918 $4,526 3.08%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 470 $86,080,000 $183,149 $4,451 3.13%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 394 $70,270,000 $178,350 $4,332 3.18%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 255 $67,795,000 $265,863 $4,548 3.24%
    TOLEDO, OH (FHA|USDA|VA) 410 $63,220,000 $154,195 $5,179 3.39%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 266 $54,690,000 $205,602 $5,533 3.15%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 116 $50,470,000 $435,086 $8,639 3.10%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 122 $44,820,000 $367,377 $8,299 3.29%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 228 $42,870,000 $188,026 $5,324 3.46%
    BATTLE CREEK, MI (FHA|USDA|VA) 279 $39,005,000 $139,803 $4,153 3.42%
    NILES, MI (FHA|USDA|VA) 219 $38,645,000 $176,461 $5,372 3.55%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 187 $35,345,000 $189,011 $3,799 3.23%
    RALEIGH-CARY, NC (FHA|USDA|VA) 105 $30,115,000 $286,810 $4,415 3.08%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 172 $28,420,000 $165,233 $5,052 3.40%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 142 $28,260,000 $199,014 $5,210 3.07%
    TALLAHASSEE, FL (FHA|USDA|VA) 155 $28,095,000 $181,258 $5,928 3.22%
    New Castle, IN (FHA|USDA|VA) 197 $24,955,000 $126,675 $3,764 3.34%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 99 $24,015,000 $242,576 $6,135 3.40%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 176 $24,010,000 $136,420 $5,643 3.42%
    Holland, MI (FHA|USDA|VA) 110 $20,620,000 $187,455 $4,427 3.18%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 70 $19,250,000 $275,000 $6,407 3.17%
    ASHEVILLE, NC (FHA|USDA|VA) 64 $17,270,000 $269,844 $5,039 3.32%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 40 $17,000,000 $425,000 $6,402 3.14%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 117 $16,835,000 $143,889 $3,873 3.24%
    Cadillac, MI (FHA|USDA|VA) 115 $16,125,000 $140,217 $4,242 3.17%
    Coldwater, MI (FHA|USDA|VA) 114 $15,530,000 $136,228 $4,329 3.32%
    Sturgis, MI (FHA|USDA|VA) 98 $15,110,000 $154,184 $4,641 3.32%
    Traverse City, MI (FHA|USDA|VA) 66 $15,050,000 $228,030 $4,226 3.18%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 88 $15,000,000 $170,455 $4,569 3.31%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 49 $14,065,000 $287,041 $6,559 3.32%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 86 $13,300,000 $154,651 $4,836 3.59%
    GAINESVILLE, FL (FHA|USDA|VA) 72 $13,130,000 $182,361 $5,759 3.37%
    OCALA, FL (FHA|USDA|VA) 73 $12,905,000 $176,781 $6,366 3.34%
    AKRON, OH (FHA|USDA|VA) 70 $12,620,000 $180,286 $6,078 3.24%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 74 $11,830,000 $159,865 $6,002 3.93%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 56 $11,760,000 $210,000 $4,690 3.06%
    LIMA, OH (FHA|USDA|VA) 76 $10,570,000 $139,079 $5,034 3.23%
    WINSTON-SALEM, NC (FHA|USDA|VA) 58 $9,740,000 $167,931 $4,501 3.34%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 36 $9,450,000 $262,500 $4,805 3.04%
    Salem, OH (FHA|USDA|VA) 64 $8,780,000 $137,188 $5,494 3.40%
    Big Rapids, MI (FHA|USDA|VA) 54 $8,360,000 $154,815 $4,752 3.29%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 29 $7,605,000 $262,241 $6,579 3.31%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 35 $7,475,000 $213,571 $5,238 3.21%
    SAGINAW, MI (FHA|USDA|VA) 46 $6,300,000 $136,957 $3,731 3.52%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 44 $6,300,000 $143,182 $5,374 3.33%
    JACKSONVILLE, FL (FHA|USDA|VA) 23 $6,225,000 $270,652 $6,816 3.20%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 28 $6,170,000 $220,357 $4,892 2.82%
    Hillsdale, MI (FHA|USDA|VA) 43 $5,645,000 $131,279 $4,323 3.44%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 23 $5,575,000 $242,391 $6,866 3.49%
    PUNTA GORDA, FL (FHA|USDA|VA) 22 $5,550,000 $252,273 $5,719 3.11%
    MUNCIE, IN (FHA|USDA|VA) 48 $5,250,000 $109,375 $3,961 3.35%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 28 $5,180,000 $185,000 $5,434 3.08%
    Somerset, KY (FHA|USDA|VA) 29 $4,975,000 $171,552 $3,893 3.21%
    FLINT, MI (FHA|USDA|VA) 27 $4,965,000 $183,889 $3,340 3.27%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 19 $4,945,000 $260,263 $6,479 3.30%
    MONROE, MI (FHA|USDA|VA) 24 $4,800,000 $200,000 $4,208 3.16%
    ANN ARBOR, MI (FHA|USDA|VA) 19 $4,575,000 $240,789 $3,326 2.92%
    COLUMBUS, OH (FHA|USDA|VA) 20 $4,550,000 $227,500 $5,390 3.20%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 18 $4,200,000 $233,333 $3,780 3.20%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 20 $4,130,000 $206,500 $5,167 3.28%
    Alpena, MI (FHA|USDA|VA) 33 $3,575,000 $108,333 $4,019 3.42%
    JACKSON, MI (FHA|USDA|VA) 23 $3,315,000 $144,130 $4,010 3.32%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 23 $3,315,000 $144,130 $3,584 3.34%
    MADISON, WI (FHA|USDA|VA) 11 $3,035,000 $275,909 $5,866 3.24%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 10 $2,940,000 $294,000 $8,751 3.60%
    Adrian, MI (FHA|USDA|VA) 16 $2,830,000 $176,875 $4,410 3.33%
    FAYETTEVILLE, NC (FHA|USDA|VA) 15 $2,655,000 $177,000 $5,504 3.57%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $2,620,000 $327,500 $6,521 3.25%
    KOKOMO, IN (FHA|USDA|VA) 21 $2,595,000 $123,571 $3,688 3.16%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $2,595,000 $370,714 $6,736 3.07%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 16 $2,360,000 $147,500 $4,847 3.73%
    MUSKEGON, MI (FHA|USDA|VA) 17 $2,315,000 $136,176 $3,502 3.29%
    Jasper, IN (FHA|USDA|VA) 15 $2,305,000 $153,667 $4,671 3.08%
    TERRE HAUTE, IN (FHA|USDA|VA) 15 $2,205,000 $147,000 $5,448 3.43%
    MIDLAND, MI (FHA|USDA|VA) 13 $2,165,000 $166,538 $4,762 3.43%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $2,165,000 $309,286 $5,476 3.70%
    KNOXVILLE, TN (FHA|USDA|VA) 10 $2,150,000 $215,000 $3,581 2.80%
    Connersville, IN (FHA|USDA|VA) 17 $2,105,000 $123,824 $4,103 2.97%
    Greensburg, IN (FHA|USDA|VA) 16 $2,050,000 $128,125 $3,839 3.01%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 8 $2,050,000 $256,250 $5,094 2.84%
    WILMINGTON, NC (FHA|USDA|VA) 6 $2,050,000 $341,667 $8,707 3.33%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 11 $2,045,000 $185,909 $4,179 3.03%
    Mount Pleasant, MI (FHA|USDA|VA) 16 $2,020,000 $126,250 $3,739 3.56%
    THE VILLAGES, FL (FHA|USDA|VA) 8 $1,890,000 $236,250 $5,595 3.36%
    Chillicothe, OH (FHA|USDA|VA) 14 $1,830,000 $130,714 $4,702 2.92%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 8 $1,770,000 $221,250 $4,888 3.44%
    Bardstown, KY (FHA|USDA|VA) 9 $1,735,000 $192,778 $5,249 2.86%
    Wapakoneta, OH (FHA|USDA|VA) 12 $1,720,000 $143,333 $6,170 3.53%
    Fremont, OH (FHA|USDA|VA) 9 $1,695,000 $188,333 $4,624 3.43%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $1,685,000 $187,222 $5,635 3.36%
    Richmond, IN (FHA|USDA|VA) 15 $1,685,000 $112,333 $4,240 3.49%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 8 $1,670,000 $208,750 $6,546 3.16%
    DANVILLE, IL (FHA|USDA|VA) 17 $1,565,000 $92,059 $4,159 3.30%
    Ludington, MI (FHA|USDA|VA) 9 $1,555,000 $172,778 $3,580 3.22%
    GOLDSBORO, NC (FHA|USDA|VA) 7 $1,545,000 $220,714 $3,591 2.46%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 10 $1,520,000 $152,000 $4,427 3.24%
    Sault Ste. Marie, MI (FHA|USDA|VA) 6 $1,510,000 $251,667 $5,520 3.46%
    Campbellsville, KY (FHA|USDA|VA) 5 $1,505,000 $301,000 $9,078 3.00%
    Lewisburg, TN (FHA|USDA|VA) 10 $1,490,000 $149,000 $5,608 3.14%
    BLOOMINGTON, IN (FHA|USDA|VA) 6 $1,480,000 $246,667 $7,077 3.67%
    Frankfort, KY (FHA|USDA|VA) 10 $1,470,000 $147,000 $5,685 3.04%
    SAVANNAH, GA (FHA|USDA|VA) 6 $1,340,000 $223,333 $5,473 3.38%
    PITTSBURGH, PA (FHA|USDA|VA) 5 $1,295,000 $259,000 $8,709 3.70%
    BURLINGTON, NC (FHA|USDA|VA) 8 $1,260,000 $157,500 $4,290 3.64%
    Lawrenceburg, TN (FHA|USDA|VA) 6 $1,260,000 $210,000 $7,141 3.33%
    SPRINGFIELD, OH (FHA|USDA|VA) 5 $1,215,000 $243,000 $5,489 2.48%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $1,160,000 $290,000 $6,088 3.44%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $1,135,000 $227,000 $7,069 3.45%
    Wooster, OH (FHA|USDA|VA) 7 $1,095,000 $156,429 $4,534 2.89%
    COLUMBIA, SC (FHA|USDA|VA) 6 $1,070,000 $178,333 $4,130 3.19%
    OWENSBORO, KY (FHA|USDA|VA) 9 $1,065,000 $118,333 $4,123 2.67%
    Lake City, FL (FHA|USDA|VA) 6 $1,060,000 $176,667 $8,022 3.52%
    Marion, IN (FHA|USDA|VA) 8 $980,000 $122,500 $3,940 3.25%
    DECATUR, AL (FHA|USDA|VA) 3 $945,000 $315,000 $11,998 3.17%
    Shelby, NC (FHA|USDA|VA) 4 $940,000 $235,000 $3,134 3.78%
    Madison, IN (FHA|USDA|VA) 6 $910,000 $151,667 $4,757 3.44%
    ROCKY MOUNT, NC (FHA|USDA|VA) 4 $900,000 $225,000 $5,590 3.47%
    Forest City, NC (FHA|USDA|VA) 3 $885,000 $295,000 $6,560 3.38%
    SPARTANBURG, SC (FHA|USDA|VA) 5 $835,000 $167,000 $5,076 3.35%
    Glasgow, KY (FHA|USDA|VA) 6 $810,000 $135,000 $5,031 2.90%
    FORT WAYNE, IN (FHA|USDA|VA) 6 $810,000 $135,000 $3,712 3.10%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $790,000 $395,000 $7,946 3.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $785,000 $261,667 $6,707 3.38%
    Albemarle, NC (FHA|USDA|VA) 5 $755,000 $151,000 $3,517 3.63%
    Richmond-Berea, KY (FHA|USDA|VA) 4 $750,000 $187,500 $6,534 3.25%
    HUNTSVILLE, AL (FHA|USDA|VA) 2 $740,000 $370,000 $6,007 3.19%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $740,000 $370,000 $4,321 2.44%
    Logansport, IN (FHA|USDA|VA) 5 $735,000 $147,000 $3,977 3.75%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 4 $730,000 $182,500 $7,132 3.56%
    Cullman, AL (FHA|USDA|VA) 5 $715,000 $143,000 $6,877 3.78%
    Jasper, AL (FHA|USDA|VA) 5 $715,000 $143,000 $5,008 3.98%
    Boone, NC (FHA|USDA|VA) 3 $695,000 $231,667 $4,529 3.67%
    Albertville, AL (FHA|USDA|VA) 5 $665,000 $133,000 $5,519 3.53%
    Alma, MI (FHA|USDA|VA) 8 $660,000 $82,500 $4,218 3.67%
    COLUMBUS, IN (FHA|USDA|VA) 4 $650,000 $162,500 $5,441 2.94%
    Brevard, NC (FHA|USDA|VA) 3 $645,000 $215,000 $3,807 3.04%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $640,000 $320,000 $6,108 3.25%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 3 $635,000 $211,667 $4,073 3.67%
    North Wilkesboro, NC (FHA|USDA|VA) 6 $630,000 $105,000 $5,506 4.21%
    Peru, IN (FHA|USDA|VA) 6 $620,000 $103,333 $3,234 3.21%
    Bellefontaine, OH (FHA|USDA|VA) 5 $575,000 $115,000 $5,039 3.23%
    Angola, IN (FHA|USDA|VA) 4 $570,000 $142,500 $4,480 3.34%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $565,000 $565,000 $3,788 3.50%
    TUSCALOOSA, AL (FHA|USDA|VA) 4 $550,000 $137,500 $4,470 4.13%
    Warsaw, IN (FHA|USDA|VA) 3 $545,000 $181,667 $3,445 3.13%
    BOWLING GREEN, KY (FHA|USDA|VA) 2 $540,000 $270,000 $6,553 3.56%
    Marinette, WI-MI (FHA|USDA|VA) 2 $530,000 $265,000 $3,827 3.00%
    Wauchula, FL (FHA|USDA|VA) 3 $525,000 $175,000 $5,020 4.63%
    Defiance, OH (FHA|USDA|VA) 3 $525,000 $175,000 $6,197 3.79%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $510,000 $255,000 $5,771 2.88%
    Key West, FL (FHA|USDA|VA) 1 $505,000 $505,000 $7,218 2.88%
    London, KY (FHA|USDA|VA) 3 $505,000 $168,333 $4,279 3.21%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 5 $465,000 $93,000 $5,111 4.40%
    BAY CITY, MI (FHA|USDA|VA) 5 $465,000 $93,000 $3,965 3.18%
    VALLEJO, CA (FHA|USDA|VA) 1 $455,000 $455,000 $4,689 3.00%
    Mount Vernon, OH (FHA|USDA|VA) 2 $450,000 $225,000 $7,425 2.94%
    Morehead City, NC (FHA|USDA|VA) 2 $450,000 $225,000 $5,525 3.19%
    Wilmington, OH (FHA|USDA|VA) 3 $445,000 $148,333 $5,044 3.21%
    Maysville, KY (FHA|USDA|VA) 4 $430,000 $107,500 $4,256 3.25%
    Ashtabula, OH (FHA|USDA|VA) 1 $425,000 $425,000 $6,590 3.63%
    Marion, NC (FHA|USDA|VA) 2 $420,000 $210,000 $5,673 3.50%
    Van Wert, OH (FHA|USDA|VA) 4 $420,000 $105,000 $4,869 3.31%
    Palatka, FL (FHA|USDA|VA) 2 $410,000 $205,000 $10,032 4.00%
    Frankfort, IN (FHA|USDA|VA) 2 $410,000 $205,000 $6,716 3.06%
    Sandusky, OH (FHA|USDA|VA) 3 $405,000 $135,000 $4,654 3.75%
    Tiffin, OH (FHA|USDA|VA) 3 $405,000 $135,000 $5,536 3.33%
    Norwalk, OH (FHA|USDA|VA) 2 $400,000 $200,000 $5,250 3.38%
    Roanoke Rapids, NC (FHA|USDA|VA) 2 $390,000 $195,000 $7,205 3.81%
    Bedford, IN (FHA|USDA|VA) 3 $385,000 $128,333 $5,957 4.71%
    Seymour, IN (FHA|USDA|VA) 2 $370,000 $185,000 $8,571 3.25%
    Fort Payne, AL (FHA|USDA|VA) 1 $365,000 $365,000 $10,043 3.75%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $355,000 $355,000 $19,176 4.00%
    Sevierville, TN (FHA|USDA|VA) 1 $355,000 $355,000 $0 4.38%
    Bluffton, IN (FHA|USDA|VA) 2 $330,000 $165,000 $2,625 3.13%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $330,000 $165,000 $6,807 4.31%
    North Vernon, IN (FHA|USDA|VA) 2 $320,000 $160,000 $4,277 2.94%
    SUMTER, SC (FHA|USDA|VA) 2 $320,000 $160,000 $7,702 3.75%
    Cullowhee, NC (FHA|USDA|VA) 1 $315,000 $315,000 $5,065 3.38%
    Washington, IN (FHA|USDA|VA) 3 $305,000 $101,667 $4,536 3.33%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,083 2.75%
    Okeechobee, FL (FHA|USDA|VA) 1 $295,000 $295,000 $8,222 3.25%
    GREEN BAY, WI (FHA|USDA|VA) 2 $290,000 $145,000 $2,657 3.06%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $290,000 $145,000 $6,077 4.13%
    Crawfordsville, IN (FHA|USDA|VA) 2 $280,000 $140,000 $5,778 2.94%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $270,000 $135,000 $3,492 4.06%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $265,000 $265,000 $7,118 3.38%
    Baraboo, WI (FHA|USDA|VA) 1 $255,000 $255,000 $4,177 3.88%
    Sidney, OH (FHA|USDA|VA) 2 $250,000 $125,000 $2,295 3.06%
    FLORENCE, SC (FHA|USDA|VA) 2 $250,000 $125,000 $4,021 3.25%
    Seneca, SC (FHA|USDA|VA) 1 $225,000 $225,000 $4,966 2.88%
    DALTON, GA (FHA|USDA|VA) 1 $195,000 $195,000 $7,753 3.50%
    Sanford, NC (FHA|USDA|VA) 1 $195,000 $195,000 $6,957 4.13%
    Mount Airy, NC (FHA|USDA|VA) 1 $195,000 $195,000 $3,350 4.13%
    Portsmouth, OH (FHA|USDA|VA) 2 $190,000 $95,000 $4,167 3.56%
    Danville, KY (FHA|USDA|VA) 1 $185,000 $185,000 $7,067 3.25%
    Decatur, IN (FHA|USDA|VA) 1 $185,000 $185,000 $7,126 3.75%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.75%
    Scottsboro, AL (FHA|USDA|VA) 1 $175,000 $175,000 $5,045 5.25%
    Plymouth, IN (FHA|USDA|VA) 1 $175,000 $175,000 $5,785 4.88%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $165,000 $165,000 $2,644 2.50%
    RICHMOND, VA (FHA|USDA|VA) 1 $165,000 $165,000 $3,384 3.38%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $165,000 $165,000 $8,601 3.50%
    St. Marys, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,889 3.50%
    Henderson, NC (FHA|USDA|VA) 1 $165,000 $165,000 $6,080 3.75%
    Huntington, IN (FHA|USDA|VA) 1 $165,000 $165,000 $3,041 3.50%
    Houghton, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,530 2.75%
    PEORIA, IL (FHA|USDA|VA) 1 $155,000 $155,000 $3,106 3.25%
    NEW BERN, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.25%
    Wilson, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,669 2.50%
    ROCKFORD, IL (FHA|USDA|VA) 1 $155,000 $155,000 $3,641 3.63%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $150,000 $75,000 $3,095 3.06%
    Thomasville, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,854 3.50%
    READING, PA (FHA|USDA|VA) 1 $145,000 $145,000 $6,061 3.63%
    CLEVELAND, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,785 2.25%
    Gaffney, SC (FHA|USDA|VA) 1 $145,000 $145,000 $4,012 3.25%
    Marquette, MI (FHA|USDA|VA) 2 $140,000 $70,000 $4,470 4.13%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $140,000 $70,000 $3,936 3.50%
    APPLETON, WI (FHA|USDA|VA) 1 $135,000 $135,000 $4,954 3.13%
    Crossville, TN (FHA|USDA|VA) 1 $135,000 $135,000 $3,677 2.75%
    Findlay, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,084 3.25%
    Kendallville, IN (FHA|USDA|VA) 1 $125,000 $125,000 $3,305 2.25%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,559 3.50%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $125,000 $125,000 $8,041 4.25%
    Greenville, OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,371 2.63%
    Athens, TN (FHA|USDA|VA) 1 $125,000 $125,000 $5,310 2.88%
    McMinnville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $8,216 4.75%
    GADSDEN, AL (FHA|USDA|VA) 1 $115,000 $115,000 $6,903 4.75%
    Platteville, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,385 3.25%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $4,881 2.75%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $105,000 $105,000 $6,426 4.63%
    Escanaba, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,719 3.63%
    Celina, OH (FHA|USDA|VA) 1 $95,000 $95,000 $4,070 2.38%
    Bucyrus-Galion, OH (FHA|USDA|VA) 1 $95,000 $95,000 $3,116 2.63%
    Mount Sterling, KY (FHA|USDA|VA) 1 $95,000 $95,000 $1,252 3.25%
    Enterprise, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.25%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $85,000 $85,000 $4,945 4.63%
    DOTHAN, AL (FHA|USDA|VA) 1 $75,000 $75,000 $5,502 2.88%
    Greeneville, TN (FHA|USDA|VA) 1 $75,000 $75,000 $4,085 3.13%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $65,000 $65,000 $4,604 2.75%
    Mount Vernon, IL (FHA|USDA|VA) 1 $65,000 $65,000 $4,209 3.50%
    Jackson, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,652 2.25%
    Vincennes, IN (FHA|USDA|VA) 1 $65,000 $65,000 $3,349 3.75%
    Amerifirst Financial Corporation's top markets include Tampa, Orlando, Detroit, Lakeland, and Cincinnati among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AMERIFIRST FINANCIAL CORPORATION 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 Federal Savings and Loan Association of Delta
    Similarity Rank: 150
    The Citizens National Bank of Bluffton
    Similarity Rank: 235
    Gulf Winds Credit Union
    Similarity Rank: 240
    Farmers State Bank
    Similarity Rank: 240
    Kellogg Community Credit Union
    Similarity Rank: 323
    The Henry County Bank
    Similarity Rank: 333
    Circle Federal Credit Union
    Similarity Rank: 364
    OMNI Community Credit Union
    Similarity Rank: 368
    ARBOR FINANCIAL CREDIT UNION
    Similarity Rank: 416

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 8,445 $1,764,845,000 $208,981 $4,150 3.21%
    FHA 2,198 $391,300,000 $178,025 $8,070 3.67%
    USDA 926 $130,340,000 $140,756 $5,634 3.26%
    VA 772 $185,080,000 $239,741 $6,233 3.16%

    For 2021, Amerifirst Financial Corporation's most frequently originated type of loan was Conventional, with 8,445 originations. Their 2nd most popular type was FHA, with 2,198 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7,791 $1,633,495,000 $209,664 $5,726 3.45%
    Refi 2,835 $508,595,000 $179,399 $3,852 2.88%
    Cash Out Refi 1,620 $313,650,000 $193,611 $4,436 3.26%
    Other 87 $14,705,000 $169,023 $4,119 3.32%
    Home Improvement 8 $1,120,000 $140,000 $4,444 3.53%

    For 2021, Amerifirst Financial Corporation's most frequently cited loan purpose was Home Purchase, with 7,791 originations. The 2nd most popular reason was Refi, with 2,835 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 10,746 $2,201,540,000 $204,871 $5,356 3.38%
    15 Year 1,083 $180,765,000 $166,911 $3,472 2.56%
    20 Year 408 $70,680,000 $173,235 $3,391 2.98%
    10 Year 54 $8,140,000 $150,741 $3,525 2.43%
    Other 50 $10,440,000 $208,800 $3,852 3.11%

    For 2021, Amerifirst Financial Corporation's most frequently cited loan duration was 30 Year, with 10,746 originations. The 2nd most popular length was 15 Year, with 1,083 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 7,503 $1,497,815,000 $199,629
    $2k-3k 2,079 $359,335,000 $172,840
    $3k-4k 1,297 $249,775,000 $192,579
    $4k-5k 499 $124,525,000 $249,549
    $5k+ 460 $151,890,000 $330,196
    $<1k 230 $46,090,000 $200,391

    Amerifirst Financial Corporation's average total fees were $5,356, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 7,503 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 6,634 $1,347,060,000 $203,054
    2.5-3% 3,478 $734,500,000 $211,185
    <2.5% 1,102 $206,030,000 $186,960
    4-5% 974 $159,200,000 $163,450
    5-6% 153 $24,775,000 $161,928

    During 2021, Amerifirst Financial Corporation's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 3-4%, with 6,634 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 5,748 $848,560,000 $147,627 $4,633 3.31%
    $200k-400k 4,161 $1,131,275,000 $271,876 $5,883 3.25%
    $100,000 or less 1,702 $132,730,000 $77,985 $3,770 3.41%
    $400k-600k 683 $325,175,000 $476,098 $7,004 3.12%
    $600k-1MM 45 $30,995,000 $688,778 $13,804 3.22%
    $1MM+ 2 $2,830,000 $1,415,000 $13,252 3.00%

    2021 saw Amerifirst Financial Corporation place emphasis on $100k-200k loans with 5,748 originations, totaling $848,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 3,468 $628,380,000 $181,194 $5,197 3.35%
    $50k or less 3,367 $437,445,000 $129,921 $4,812 3.41%
    $75k-100k 1,911 $432,685,000 $226,418 $5,297 3.29%
    $100k-150k 1,829 $491,815,000 $268,898 $5,332 3.23%
    $150k-250k 800 $260,320,000 $325,400 $5,592 3.16%
    $250k+ 273 $98,015,000 $359,029 $5,355 3.12%

    Amerifirst Financial Corporation lent most frequently to those with incomes in the $50k-75k range, with 3,468 originations. The second most popular income band? $50k or less, with 3,367 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,330 $442,970,000 $190,116 $4,500 3.23%
    30-36% 2,242 $436,800,000 $194,826 $4,950 3.33%
    <20% 797 $145,725,000 $182,842 $3,818 3.05%
    43% 587 $122,415,000 $208,543 $5,381 3.38%
    40% 553 $112,105,000 $202,722 $5,491 3.35%
    44% 553 $120,285,000 $217,514 $5,714 3.38%
    42% 551 $119,065,000 $216,089 $5,611 3.42%
    41% 485 $97,355,000 $200,732 $5,178 3.40%
    39% 484 $98,070,000 $202,624 $5,581 3.38%
    38% 482 $98,820,000 $205,021 $5,233 3.44%
    37% 419 $80,415,000 $191,921 $5,062 3.38%
    36% 403 $80,875,000 $200,682 $5,047 3.34%
    45% 367 $77,165,000 $210,259 $5,620 3.41%
    49% 357 $78,885,000 $220,966 $5,964 3.32%
    46% 322 $69,760,000 $216,646 $5,834 3.39%
    47% 290 $67,490,000 $232,724 $6,236 3.31%
    48% 281 $65,115,000 $231,726 $5,786 3.32%
    50-60% 209 $49,845,000 $238,493 $8,369 3.41%
    >60% 10 $2,010,000 $201,000 $5,274 3.40%

    Amerifirst Financial Corporation lent most frequently to those with DTI ratios of 20-30%, with 2,330 originations. The next most common DTI ratio? 30-36%, with 2,242 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9,946 $1,956,170,000 $196,679 $5,006 3.28%
    Not provided 1,652 $344,100,000 $208,293 $5,211 3.29%
    Black 534 $117,890,000 $220,768 $6,646 3.44%
    Asian 135 $36,745,000 $272,185 $5,355 3.15%
    American Indian 46 $8,210,000 $178,478 $5,088 3.51%
    Asian Indian 12 $3,730,000 $310,833 $5,183 2.96%
    Native Hawaiian or Islander 6 $1,900,000 $316,667 $9,843 3.13%
    Filipino 2 $1,300,000 $650,000 $6,712 3.06%
    Other Asian 3 $535,000 $178,333 $3,210 2.92%
    Other Pacific Islander 3 $445,000 $148,333 $4,050 3.04%
    1 $305,000 $305,000 $10,564 3.25%
    Chinese 1 $235,000 $235,000 $7,022 3.00%

    Approval Rates

    Total approvals of all applications
    92.66%

    Amerifirst Financial Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.05%

    Amerifirst Financial Corporation 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 12,341 $2,471,565,000 $200,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    12,341 $2,471,565,000 $200,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 232 $30,470,000 $131,336 $3,534 2.89%
    40-60% 1,023 $173,685,000 $169,780 $3,709 2.96%
    60-80% 3,437 $686,315,000 $199,684 $4,129 3.21%
    80-100% 6,841 $1,427,485,000 $208,666 $5,738 3.44%
    Over 100% 164 $43,580,000 $265,732 $11,686 3.38%
    Under 20% 14 $1,290,000 $92,143 $3,665 2.74%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AmeriFirst Financial Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 27.3%
    AmeriFirst Financial Corporation Conventional home mortgage Closing on a mortgage 1 9.1%
    AmeriFirst Financial Corporation Conventional home mortgage Trouble during payment process 1 9.1%
    AmeriFirst Financial Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    AmeriFirst Financial Corporation FHA mortgage Closing on a mortgage 1 9.1%
    AmeriFirst Financial Corporation FHA mortgage Trouble during payment process 1 9.1%
    AmeriFirst Financial Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 18.2%
    AmeriFirst Financial Corporation Other type of mortgage Closing on a mortgage 1 9.1%