American First Mortgage Rates, Fees & Info
Brea, CALEI: 549300GIVX5W7UETD809
Tax ID: 33-0358683
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
American First is a smaller mortgage company specializing in Cash Out Refi and Refi loans. American First has a high proportion of conventional loans. Their top markets include Los Angeles, San Diego, Riverside, Fresno, and Phoenix among others. American First has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. American First is typically an average fee lendor.Originations
403Origination Dollar Volume (All Markets)
$203,935,000Awards
AMERICAN FIRST - 2021
AMERICAN FIRST is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
American First's average 30 year fixed rate mortgage of loans were
3.21%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.06%.
Relative Fees
American First's average total fees for a 30 year fixed rate
mortgage are $3,475.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 210 | $98,040,000 | $466,857 | $3,948 | 3.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 25 | $27,485,000 | $1,099,400 | $3,160 | 3.24% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 70 | $23,420,000 | $334,571 | $3,299 | 3.03% |
| FRESNO, CA (FHA|USDA|VA) | 6 | $8,160,000 | $1,360,000 | $4,167 | 3.34% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $6,935,000 | $630,455 | $3,233 | 3.18% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $6,110,000 | $1,527,500 | $3,073 | 3.18% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $3,665,000 | $733,000 | $4,010 | 3.66% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $2,640,000 | $440,000 | $2,928 | 3.27% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $2,540,000 | $1,270,000 | $0 | 3.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $2,205,000 | $441,000 | $3,123 | 3.20% |
| MADERA, CA (FHA|USDA|VA) | 2 | $2,140,000 | $1,070,000 | $2,979 | 3.32% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,920,000 | $960,000 | $5,705 | 3.56% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $0 | 3.60% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 3.92% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 3.66% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 8 | $1,440,000 | $180,000 | $2,930 | 3.31% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $2,995 | 3.27% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 3.39% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $3,461 | 2.78% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $0 | 3.89% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 3.39% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 3.86% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $2,730 | 2.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,554 | 3.31% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $2,972 | 2.71% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $3,144 | 4.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,677 | 3.13% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,491 | 3.50% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,963 | 3.31% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,394 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,922 | 2.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,937 | 2.88% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,647 | 2.88% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,590 | 3.00% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,583 | 3.56% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,310 | 2.75% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,501 | 2.13% |
| Gallup, NM (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,278 | 3.25% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,616 | 2.38% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,016 | 2.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,462 | 2.50% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $3,716 | 2.75% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,455 | 2.75% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,655 | 2.50% |
American First's top markets include Los Angeles, San Diego, Riverside, Fresno, and Phoenix among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 403 | $203,935,000 | $506,042 | $3,652 | 3.14% |
For the 2021 period, American First's most frequently originated loan type of loans were Conventional, with 403 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 216 | $108,320,000 | $501,481 | $3,467 | 3.23% |
| Refi | 128 | $64,440,000 | $503,438 | $3,430 | 2.87% |
| Home Purchase | 37 | $28,235,000 | $763,108 | $5,623 | 3.14% |
| Other | 22 | $2,940,000 | $133,636 | $0 | 3.97% |
For the 2021, American First's most frequently cited loan purpose of loans were Cash Out Refi, with 216 originations. The 2nd most popular reason of loans were Refi, with 128 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 237 | $73,935,000 | $311,962 | $3,475 | 3.21% |
| 15 Year | 110 | $79,720,000 | $724,727 | $4,322 | 3.07% |
| Other | 23 | $36,365,000 | $1,581,087 | $0 | 3.41% |
| 20 Year | 17 | $4,615,000 | $271,471 | $3,228 | 2.82% |
| 10 Year | 16 | $9,300,000 | $581,250 | $2,989 | 2.68% |
For the 2021, American First's most frequently cited loan length of loans were 30 Year, with 237 originations. The 2nd most popular length of loans were 15 Year, with 110 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 235 | $77,175,000 | $328,404 |
| $2k-3k | 39 | $11,555,000 | $296,282 |
| $5k+ | 10 | $6,550,000 | $655,000 |
| $3k-4k | 8 | $3,340,000 | $417,500 |
$3,475 of loans were American First's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 235 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 173 | $137,445,000 | $794,480 |
| 2.5-3% | 165 | $54,975,000 | $333,182 |
| <2.5% | 48 | $9,520,000 | $198,333 |
| 4-5% | 12 | $1,710,000 | $142,500 |
| 5-6% | 3 | $125,000 | $41,667 |
| 7-8% | 2 | $160,000 | $80,000 |
During 2021, American First's average interest rate of loans were 3.21%, while their most frequently originated rate bucket of loans were 3-4%, with 173 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 150 | $43,270,000 | $288,467 | $3,378 | 2.90% |
| $100k-200k | 98 | $14,230,000 | $145,204 | $2,949 | 3.07% |
| $1MM+ | 50 | $94,780,000 | $1,895,600 | $8,301 | 3.34% |
| $600k-1MM | 40 | $31,160,000 | $779,000 | $5,613 | 3.48% |
| $400k-600k | 39 | $18,785,000 | $481,667 | $4,156 | 3.09% |
| $100,000 or less | 26 | $1,710,000 | $65,769 | $2,973 | 4.00% |
2021 saw American First place emphasis on $200k-400k loans with 150 originations, totaling $43,270,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 74 | $20,580,000 | $278,108 | $3,354 | 3.12% |
| $75k-100k | 72 | $17,100,000 | $237,500 | $3,378 | 3.11% |
| $50k-75k | 70 | $16,730,000 | $239,000 | $3,164 | 3.03% |
| $150k-250k | 55 | $22,695,000 | $412,636 | $3,600 | 3.09% |
| $50k or less | 40 | $6,870,000 | $171,750 | $3,149 | 2.98% |
| $250k+ | 30 | $20,430,000 | $681,000 | $6,668 | 3.29% |
American First lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $75k-100k, with 72 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 85 | $28,145,000 | $331,118 | $4,161 | 3.00% |
| 30-36% | 63 | $20,025,000 | $317,857 | $3,676 | 2.99% |
| <20% | 41 | $8,945,000 | $218,171 | $3,076 | 3.03% |
| 38% | 16 | $6,910,000 | $431,875 | $3,539 | 3.13% |
| 42% | 14 | $2,710,000 | $193,571 | $2,902 | 3.24% |
| 40% | 13 | $4,105,000 | $315,769 | $3,819 | 3.25% |
| 44% | 12 | $2,820,000 | $235,000 | $3,170 | 3.30% |
| 39% | 11 | $3,345,000 | $304,091 | $3,090 | 2.92% |
| 48% | 10 | $2,530,000 | $253,000 | $3,581 | 4.01% |
| 45% | 10 | $4,480,000 | $448,000 | $3,383 | 3.06% |
| 41% | 9 | $1,745,000 | $193,889 | $3,038 | 3.42% |
| 49% | 9 | $2,795,000 | $310,556 | $3,805 | 3.24% |
| 43% | 9 | $5,245,000 | $582,778 | $3,609 | 3.10% |
| 46% | 9 | $2,555,000 | $283,889 | $3,464 | 3.29% |
| 37% | 8 | $1,870,000 | $233,750 | $3,885 | 2.70% |
| 36% | 8 | $2,660,000 | $332,500 | $3,432 | 3.03% |
| 47% | 8 | $1,870,000 | $233,750 | $3,477 | 2.95% |
| 50-60% | 1 | $95,000 | $95,000 | $0 | 3.75% |
American First lent most frequently to those with DTI ratios of 20-30%, with 85 originations. The next most common DTI ratio? 30-36%, with 63 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 280 | $86,010,000 | $307,179 | $3,666 | 3.10% |
| Other Pacific Islander | 50 | $75,630,000 | $1,512,600 | $0 | 3.39% |
| Other Asian | 11 | $21,135,000 | $1,921,364 | $0 | 3.60% |
| Not provided | 42 | $13,590,000 | $323,571 | $3,531 | 3.11% |
| Asian | 11 | $2,965,000 | $269,545 | $3,280 | 2.90% |
| Vietnamese | 1 | $2,765,000 | $2,765,000 | $0 | 3.21% |
| Black | 4 | $870,000 | $217,500 | $3,561 | 3.28% |
| American Indian | 2 | $400,000 | $200,000 | $2,681 | 2.88% |
| Asian Indian | 1 | $325,000 | $325,000 | $10,789 | 2.00% |
| Japanese | 1 | $245,000 | $245,000 | $2,979 | 3.25% |
Approval Rates
Total approvals of all applications88.89%
American First has an average approval rate.
Pick Rate
Approvals leading to origination82.67%
American First has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 403 | $203,935,000 | $506,042 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 403 | $203,935,000 | $506,042 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 102 | $32,330,000 | $316,961 | $3,030 | 2.94% |
| 40-60% | 126 | $89,600,000 | $711,111 | $3,413 | 2.99% |
| 60-80% | 101 | $70,495,000 | $697,970 | $4,660 | 3.25% |
| 80-100% | 13 | $4,455,000 | $342,692 | $4,016 | 2.99% |
| Under 20% | 60 | $6,360,000 | $106,000 | $2,840 | 3.65% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICA FIRST FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 33.3% |
| AMERICA FIRST FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 33.3% |
| AMERICA FIRST FEDERAL CREDIT UNION | Other type of mortgage | Struggling to pay mortgage | 1 | 33.3% |
