American First Mortgage Rates, Fees & Info
Brea, CALEI: 549300GIVX5W7UETD809
Tax ID: 33-0358683
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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, Fresno, and Phoenix among others. We have data for 44 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.69% | 4/18/24 |
| 30 Year Conventional Refi | 5.49% | 4/18/24 |
| 30 Year Cash-out Refi | 5.39% | 4/18/24 |
| 15 Year Conventional Purchase | 5.68% | 4/18/24 |
| 15 Year Conventional Refi | 3.48% | 4/18/24 |
| 15 Year Cash-out Refi | 3.48% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
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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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) | 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% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 356 | $198,310,000 | $557,051 | $3,652 | 3.02% |
| HELOC | 47 | $5,625,000 | $119,681 | n/a | 4.06% |
For 2021, American First's most frequently originated type of loan was Conventional, with 356 originations. Their 2nd most popular type was HELOC, with 47 originations.
Loan Reason
For 2021, American First's most frequently cited loan purpose was Cash Out Refi, with 216 originations. The 2nd most popular reason was Refi, with 128 originations.
Loan Duration/Length
For 2021, American First's most frequently cited loan duration was 30 Year, with 237 originations. The 2nd most popular length was 15 Year, with 110 originations.
Origination Fees/Closing Costs
American First's average total fees were $3,475, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 235 originations.
Interest Rates
During 2021, American First's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 173 originations.
Loan Sizing
2021 saw American First place emphasis on $200k-400k loans with 150 originations, totaling $43,270,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications89.85%
American First has an average approval rate.
Pick Rate
Approvals leading to origination82.38%
American First has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 403 | $203,935,000 | $506,042 |
LTV Distribution
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% |