American First Mortgage Rates, Fees & Info

Brea, CA

LEI: 549300GIVX5W7UETD809

Tax ID: 33-0358683

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & 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 by origination volume include: Los Angeles, San Diego, Riverside, San Francisco, and Las Vegas among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)

American First 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. American First 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 5.69% 3/28/24
30 Year Conventional Refi 5.49% 3/28/24
30 Year Cash-out Refi 5.39% 3/28/24
15 Year Conventional Purchase 5.68% 3/28/24
15 Year Conventional Refi 3.48% 3/28/24
15 Year Cash-out Refi 3.48% 3/28/24
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.

American First Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from American First. 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

287

Origination Dollar Volume (All Markets)

$127,415,000

Awards

AMERICAN FIRST 30 Year Conventional Loans silver
Show all (1) 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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 158 $64,820,000 $410,253 $5,069 4.58%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 18 $21,110,000 $1,172,778 $4,694 4.29%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 52 $13,950,000 $268,269 $3,995 4.39%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 10 $9,160,000 $916,000 $4,574 4.51%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $2,515,000 $503,000 $3,948 3.98%
TUCSON, AZ (FHA|USDA|VA) 1 $2,225,000 $2,225,000 $0 5.33%
MODESTO, CA (FHA|USDA|VA) 2 $1,910,000 $955,000 $0 4.34%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $1,580,000 $197,500 $3,590 4.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,325,000 $441,667 $5,253 3.83%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,155,000 $385,000 $3,505 3.62%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 5.03%
RENO, NV (FHA|USDA|VA) 1 $805,000 $805,000 $0 4.04%
STOCKTON, CA (FHA|USDA|VA) 2 $760,000 $380,000 $3,619 3.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $570,000 $285,000 $3,651 3.88%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $485,000 $485,000 $3,653 3.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $405,000 $135,000 $3,817 5.92%
BOISE CITY, ID (FHA|USDA|VA) 1 $395,000 $395,000 $3,578 4.25%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $345,000 $345,000 $5,863 5.13%
PROVO-OREM, UT (FHA|USDA|VA) 1 $325,000 $325,000 $10,375 3.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $325,000 $325,000 $3,167 3.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $320,000 $160,000 $2,934 4.00%
Clearlake, CA (FHA|USDA|VA) 1 $305,000 $305,000 $7,069 3.25%
MADERA, CA (FHA|USDA|VA) 1 $245,000 $245,000 $3,213 4.25%
VALLEJO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,709 4.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $205,000 $205,000 $3,153 3.88%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,600 3.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,088 4.50%
YUBA CITY, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,770 4.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,254 4.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,112 3.63%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $125,000 $125,000 $3,288 4.38%
Outside of Metro Areas 1 $55,000 $55,000 $2,029 3.00%
American First's top markets include Los Angeles, San Diego, Riverside, San Francisco, and Las Vegas among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against AMERICAN FIRST based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Christian Community Credit Union
    Similarity Rank: 220
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    SANTA CLARA COUNTY
    Similarity Rank: 630
    FRONTWAVE
    Similarity Rank: 912
    LA Financial Federal Credit Union
    Similarity Rank: 951
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1107
    LBS FINANCIAL
    Similarity Rank: 1176
    BANK OF SAN FRANCISCO
    Similarity Rank: 1228

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 246 $123,030,000 $500,122 $4,650 4.14%
    HELOC 41 $4,385,000 $106,951 n/a 6.36%

    For 2019, American First's most frequently originated type of loan was Conventional, with 246 originations. Their 2nd most popular type was HELOC, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 166 $73,210,000 $441,024 $4,427 4.50%
    Refi 57 $32,895,000 $577,105 $4,754 3.87%
    Home Purchase 40 $18,400,000 $460,000 $5,203 4.10%
    Other 24 $2,910,000 $121,250 $0 6.15%

    For 2019, American First's most frequently cited loan purpose was Cash Out Refi, with 166 originations. The 2nd most popular reason was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 199 $76,805,000 $385,955 $4,811 4.52%
    15 Year 58 $24,210,000 $417,414 $4,592 4.48%
    10 Year 11 $6,645,000 $604,091 $3,288 3.67%
    Other 10 $17,260,000 $1,726,000 $0 4.50%
    20 Year 9 $2,495,000 $277,222 $3,455 3.82%

    For 2019, American First's most frequently cited loan duration was 30 Year, with 199 originations. The 2nd most popular length was 15 Year, with 58 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 156 $60,700,000 $389,103
    $2k-3k 25 $8,695,000 $347,800
    $5k+ 16 $14,830,000 $926,875
    $3k-4k 10 $4,250,000 $425,000

    American First's average total fees were $4,811, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 156 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 123 $47,325,000 $384,756
    4-5% 84 $53,830,000 $640,833
    5-6% 53 $16,185,000 $305,377
    6-7% 9 $7,305,000 $811,667
    2.5-3% 8 $2,260,000 $282,500
    7-8% 7 $395,000 $56,429
    Over 8% 3 $115,000 $38,333

    During 2019, American First's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 3-4%, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 109 $32,015,000 $293,716 $4,019 4.11%
    $400k-600k 60 $29,000,000 $483,333 $4,628 4.20%
    $100k-200k 46 $6,400,000 $139,130 $3,593 4.66%
    $100,000 or less 29 $1,805,000 $62,241 $2,740 6.11%
    $600k-1MM 22 $16,650,000 $756,818 $5,881 4.31%
    $1MM+ 21 $41,545,000 $1,978,333 $13,148 4.43%

    2019 saw American First place emphasis on $200k-400k loans with 109 originations, totaling $32,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 64 $41,590,000 $649,844 $6,827 4.60%
    $100k-150k 62 $19,030,000 $306,935 $4,079 4.52%
    $50k-75k 44 $8,900,000 $202,273 $4,008 4.35%
    $150k-250k 42 $17,130,000 $407,857 $4,523 4.40%
    $75k-100k 35 $8,875,000 $253,571 $3,818 4.62%
    $50k or less 23 $4,135,000 $179,783 $3,638 3.94%

    American First lent most frequently to those with incomes in the $250k+ range, with 64 originations. The second most popular income band? $100k-150k, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 54 $20,070,000 $371,667 $4,698 4.09%
    30-36% 43 $15,675,000 $364,535 $4,285 4.35%
    <20% 29 $11,525,000 $397,414 $5,213 4.26%
    40% 16 $5,900,000 $368,750 $4,624 4.95%
    43% 15 $6,555,000 $437,000 $4,940 4.66%
    48% 13 $3,425,000 $263,462 $3,914 4.51%
    44% 13 $3,015,000 $231,923 $3,772 4.53%
    41% 11 $5,595,000 $508,636 $5,551 4.51%
    39% 10 $3,410,000 $341,000 $5,535 4.40%
    47% 10 $5,800,000 $580,000 $4,786 4.96%
    37% 9 $4,095,000 $455,000 $4,162 4.25%
    36% 9 $3,725,000 $413,889 $4,589 5.32%
    42% 8 $3,230,000 $403,750 $5,970 4.38%
    49% 8 $2,070,000 $258,750 $4,021 4.77%
    45% 7 $2,805,000 $400,714 $3,593 4.29%
    38% 7 $1,545,000 $220,714 $4,609 4.59%
    46% 3 $295,000 $98,333 $3,537 4.67%
    50-60% 2 $250,000 $125,000 $0 6.00%
    >60% 1 $145,000 $145,000 $0 6.00%

    American First lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 240 $86,500,000 $360,417 $4,601 4.45%
    Other Pacific Islander 8 $13,840,000 $1,730,000 $0 4.34%
    Not provided 26 $11,490,000 $441,923 $5,113 4.60%
    Other Asian 4 $6,160,000 $1,540,000 $0 4.68%
    Not applicable 3 $4,045,000 $1,348,333 $0 4.87%
    American Indian 1 $2,705,000 $2,705,000 $0 4.33%
    Asian 5 $2,675,000 $535,000 $4,496 3.99%

    Approval Rates

    Total approvals of all applications
    89.87%

    American First has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.32%

    American First has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1295.0 3 $385,000 $128,333
    NA 284 $127,030,000 $447,289

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $27,755,000 $1,632,647
    Single Family (1-4 Units):Site-Built 270 $99,660,000 $369,111

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $8,195,000 $221,486 $3,690 4.27%
    40-60% 73 $29,995,000 $410,890 $3,994 3.90%
    60-80% 115 $73,995,000 $643,435 $5,516 4.37%
    80-100% 19 $9,245,000 $486,579 $4,756 3.95%
    Under 20% 42 $4,520,000 $107,619 $3,052 6.09%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICA FIRST FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%